Accounts

Account Types

 

Share (Savings) Accounts

The credit union pays competitive dividends, which go to you the owner, not a group of stockholders. It only takes $25.00 to start an account. Your account remains active as long as$25.00(the par value of one share) or more remains on deposit.

 

Super Share (Savings) Accounts

A Super Share account is much like a money-market account. The Super Share account is limited to three transactions per month. The Super Share account earns a higher rate of interest than a regular share account based on the amount in the account rates of return may vary. A $1000.00 minimum deposit is required to maintain a Super Share account.

 

Certificates of Deposit

Investment account for 3,6,12,18,24,36,48,and 60 month terms are available. Minimum deposit required to open a certificate of deposit. Quarterly interest compounded or deposited into a shore of checking account. Automatically renewable with a 10-day grace period. NCUSIF insured.

 

Christmas Club / Vacation Club

The District Five Highway Credit Union offers a Christmas Club accounts to our members. You are able to make deposits at any time to this account by cash, check or payroll deduction. Checks will be issued to the members the first week of October so that you will receive your money in plenty of time to do all of your Christmas shopping.

 

Other special savings accounts are available upon request.

 

Share Draft Checking

No minimum balance requirements apply to this account No per check charge No dividends will be paid at this time Free overdraft protection from savings account (up to six transfers) No charge for share transfer requests Other fees that may apply

 

NCUA Insurance

Is my money SAFE? Absolutely! Credit Unions are chartered under either federal or state law. Federally chartered credit unions are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. State chartered credit unions are regulated by their state credit union department. NCUA administers the federal insurance fund (NCUSIF), which covers all federal credit unions and most state chartered credit unions.

 

Each member's savings are insured to the full legal limit of $250,000 by the National Credit Union Share Insurance Fund (NCUSIF) and that limitation applies to the total of a person's funds in regular shares, share certificates, and share draft accounts. There is no safer place for your money.

 

Dividends

Dividends are calculated using the average daily balance method. Dividends are paid on the last day of each month. Dividend checks may be mailed to the member if a request is made in writing.