Ultra Savings Account

Not everyone has the same savings needs or habits. That’s why we’ve designed so many types of savings plans for you. Some want their funds readily available at any time of the day. Others want their funds to earn higher rates of interest to supplement retirement income. Some want their funds to grow in anticipation of college tuition years from now or an IRA retirement nest egg. Many just want to cover Christmas and vacation expenses. Whatever it is that you’re saving for, we applaud you for it. A savings habit in any form is a good thing. Keep it up! Your savings are insured against loss of principal up to $100,000 by the NCUA, a federal governmental agency. Call 800-321-8570 ext. 200 or e-mail us at [email protected] for more information on any of our savings plans.

Ultra Savings Account

Co-op Services is proud to introduce a unique new savings product to our membership, the Ultra Savings Account. The Ultra Savings Account earns a higher rate of interest than a Regular Savings or Money Market account. And for a limited time, members who open an Ultra Savings Account are guaranteed* an APY** of up to 3.50% Don’t like tying your money up for any length of time? No problem! This account not only pays a premium interest rate, but offers you the liquidity you need. Ultra Savings Account holders are entitled to three fee-free withdrawals or transfers per calendar month, after which a $5 per-debit item fee will be assessed per occurrence. So, it pays to save! And don’t forget, your investment is safely secured up to $100,000 by the National Credit Union Administration. For more information or to open an Ultra Savings Account, call us at 800.321.8570. The new Ultra Savings Account rewards savers while offering financial flexibility.

Current Savings-CD-IRA Rates

You will find our current rates for all savings plans here by clicking on this heading. Savings plans for as short as overnight funds to as long as five years have been designed to give our members the flexibility they need in making their own decisions to fit their financial requirements. We encourage you to set aside the funds you can afford and better your financial position.

Regular Shares

This is our basic savings plan for all members and the basis for your membership – at least one share ($5.00) in the credit union. All members must have that amount on deposit at all times in a regular share account with us. This one share makes you a shareholder / owner of the credit union. Dividends are earned monthly and paid quarterly on this account. Once you have this account, all other savings plans are open to you.

Club Accounts

A club account is a special purpose account that earns dividends. Members use these accounts to save for specific things like Christmas presents, quarterly tax submissions, vacations, graduation parties and private school tuition. Whatever you have in mind, this is a good way to earmark certain savings for special purposes. Each November, the Christmas Club funds are paid out to those who saved them. If the funds are needed sooner, you can always withdraw them.

IRA Accounts

With as little as one hundred dollars you can open an Individual Retirement Account (IRA) account and earn some of our highest dividend rates. A variety of insured certificate options qualify as IRA funds and are tax deferred, reducing your present tax burden, and taxed only when withdrawn from the account, normally at or after retirement. No start-up costs or maintenance fees are charged. Automatic deposits are possible and encouraged. We suggest that you talk with our staff financial planner at ext. 128 for best results. There is no charge for this service. IRA accounts are separately insured up to $100,000 by the NCUA, a federal governmental agency.

Certificates (CDs)

These savings instruments are time deposits, normally invested for 3 months to five years in length. They earn substantially larger interest rates than regular shares and overnight funds. Our smallest certificate plan requires only one hundred dollars and a thirty month investment period. We also have members who invest up to $100,000 in single or multiple certificates.

High Yield Daily Account

A minimum of $2,500 is required to open this account and it earns daily dividends, paid monthly, with no penalty for withdrawal at any time. If you want your funds to be liquid at all times, this account is for you.

Money Market Account

Attractive earnings on funds that remain liquid. This variable rate account allows you to enjoy money market rates based on the amount in your account. The more you save, the more you earn. This account offers convenient checking account access to your funds with a limit of three checks per month. Your funds are insured up to $100,000 by the NCUA an agency of the Federal Government. Federal regulations for this account require that you perform no more than six “remote” transactions monthly. For more information call 800-321-8570 ext. 200.

Mutual Funds*

Mutual funds are invested for you by a money manager in stocks, or treasury notes, or corporate debt instruments, or mortgages, etc., through MEMBERS Financial Services, owned by CUNA Mutual Insurance Company. These funds are not insured against loss by the NCUA and are not on deposit with the credit Union. They have the potential to earn higher returns and we make this available to you as another form of savings.


Corporate stocks traded over various exchanges, such as the New York Stock Exchange and NASDAQ can be purchased through MEMBERS Financial Services. Again, these stock purchases are not insured against loss by the NCUA, nor are your funds on deposit with the credit union. They have the potential to earn higher returns and we make this available to you as another form of savings.

* Representatives are registered through, and securities are sold through, CUNA Brokerage Services, Inc. (CBSI), member NASD/SIPC, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Insurance sold through licensed CUNA Mutual Life Insurance Company Representatives, and in New York, licensed insurance representatives of other companies. Nondeposit investment products are not federally insured, involve investment risk and may lose value, are not obligations of or guaranteed by the credit union. CBSI is a registered broker/dealer in all fifty states of the United States of America.