Share Certificates, similar to a bank’s Certificate of Deposit (CD), offer low-risk opportunities for those USSFCU members who don’t need short-term access to their savings. By opening an NCUA insured Share Certificate with USSFCU, members can be assured of a specific return upon the maturation of their Share Certificate term. USSFCU offers a variety of share certificate options, each with a unique term and dividend rate. Below is the list of all USSFCU Share Certificate terms, account types and rates.
- No set up or maintenance fees with a $1,000 minimum deposit
- Fixed dividend rates set higher than regular savings dividend rates
- Wide range of terms available – 3 months to 5 years
- Dividend rates based on length of term
- Early withdrawals subject to penalty**
- Automatic renewal upon maturity***
Deposits at all federal credit unions and the vast majority of state-chartered credit unions are covered by National Credit Union Share Insurance Fund (NCUSIF) protection. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.
Federally insured credit unions offer a safe place for you to save your money, with deposits insured up to at least $250,000 per individual depositor. The National Credit Union Administration (NCUA) is the independent agency that administers the NCUSIF. Like the FDIC's Deposit Insurance Fund, the NCUSIF is a federal insurance fund backed by the full faith and credit of the United States government.
For questions about the NCUA’s share insurance coverage, call 1.800.755.1030, option 1, Monday through Friday, 8 a.m. to 5 p.m. Eastern, or send an email to [email protected]. This toolkit contains a variety of helpful resources for credit unions regarding the Share Insurance Fund.
Share Insurance Toolkit from MyCreditUnion.gov
The toolkit has great resources like estimators, publications, videos and more.
*APY = Annual Percentage Yield. Rates are subject to change without notice. Early withdrawal penalties may apply.
**Withdraws and fees may reduce earnings. The minimum balance required to open a share certificate is $1,000.00. You must maintain a minimum daily balance of $1,000.00 in your account each day to obtain the disclosed annual percentage yield. You will earn dividends for every day during the period that your account equals or exceeds the minimum daily balance requirement. The APY assumes dividends will remain on deposit until maturity. The dividend period on your account begins from the date that your account is opened and ends on the maturity date, unless renewed.
***Member has 10 days from the maturity date to make changes with no penalty.