Depositing funds into a Term Share or IRA Term Share Certificate are available for members who wish to earn a higher rate of return for a defined period of time. Typically a minimum dollar amount is required to establish the certificate.
Term Share Certificates and IRA Term Share Certificates are insured up to $250,000.00 by the National Credit Union Insurance Fund which is a part of the National Credit Union Administration (NCUA), a federal agency. American Share Insurance offers additional coverage for qualifying Terms Share Certificates of $250,000.00 for a total of $500,000.00.
A penalty may be imposed for withdrawals before maturity. Fees could reduce the earnings on the account.
Lock in higher returns and watch your money grow! Depositing funds into a Term Share Certificate is available for members who wish to earn a higher rate of return for a defined period of time.