Your primary membership savings account is what makes you a member of the Credit Union. It allows you access to many services, vote at the annual membership meeting and/or special event meetings, and earn interest on your savings.
A minimum share balance of $5.00 must be maintained to keep your account open. You are also required to perform at least one transaction either a deposit or withdrawal every 12 months. If a transaction is not performed your account will become dormant. If your balance is under $50.00 you will be accessed a dormant account fee.
If your account has been dormant for 36 months we are required to send the balance of your account to Washington State Department of Revenue Unclaimed Property Division. This will usually happen in October of each calendar year.
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
We will also require an original government issued photo ID that will be scanned into our credit union system.
All signors on an account must come into a branch location and present requested documentation at the time of opening.
Your savings federally insured to at least $250,000 and backed by the full faith credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Equal Housing Lender: We do business in accordance with the Fair Housing Law and the Equal Credit Opportunity Act
Sometimes members need to have more than one account to conduct their financial business. Here at the Credit Union we understand. Fund Accounts can be used for special saving goals like holidays, vacations, household expenses, and taxes. These Fund Accounts require the same $5.00 minimum balance requirements as your Membership Share Account.
If you require a higher yield on your investment our Money Market Account is for you. There is a $5,000 minimum balance requirement to open and maintain the account. This account will earn a higher interest rate then your Membership Share Account.
To maximize your return on your savings you may want to open a Certificate of Deposit. You may open a cd account with a 6, 9, 12, or 24 month term. The minimum opening balance is $500.
Dividends are paid monthly to your Share, Money Market, or Draft Account. Early withdrawal penalties may apply. See a staff member for complete details.