Services - Deposits
Regular Shares
Our Share accounts let you deposit your money into a savings account. Withdraw of your money is allowed at any time. Our share account is a variable rate account. This rate and yield may change at any time at the Credit Union’s discretion. Dividends will be compounded and credited quarterly. The minimum deposit required to open a share account is $25. You must maintain a minimum balance of $100 in your account to obtain the Annual Percentage Yield stated on the Rate Schedule.
When you open a Share account you become a member/owner of JACOM Credit Union and have access to all Credit Union products and services. A share account must be opened and maintained in order to open any subsequent accounts or to take advantage of any member services offered.
Share Draft
(checking)
Our Share Draft accounts allows you to withdraw your money and write checks against your account at any time. Our Share Draft account is a variable rate account. This rate and yield may change at any time at the Credit Union’s discretion. Dividends will be compounded and credited quarterly. You must maintain a minimum average daily balance of $100 in your share draft account to obtain the Annual Percentage Yield stated on the Rate Schedule. Our share draft accounts feature no monthly or per-check charges.
Certificates
Our certificate accounts let you deposit your money for a specified period of time. We have both regular share certificate accounts and IRA certificate accounts. Our certificate accounts are a fixed rate account. You will be paid the specified rate and yield until maturity. Dividends will be compounded and credited monthly.
The minimum deposit required to open a certificate account is $1000. You must maintain an average daily balance of $1000 in your certificate account to obtain the Annual Percentage Yield stated on the Rate Schedule.
All JACOM Credit Union accounts are insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.
