Savings Accounts
The Western Illinois Credit Union Share account is your passport to a host of financial services. From the simple Share Account to the investment instruments, each financial product helps you move toward financial independence.
All rates and terms are Effective 8/13/2010
Share Accounts
- This account establishes your membership in the credit union
- A deposit of $5.00 opens the account and this amount must stay on deposit as long as you are a member
- These accounts are variable rate accounts. Dividend rates are declared monthly by the Board of Directors and are subject to change at any time without any notice.
- Dividends of .25% – .251% APY. APY means “Annual Percentage Yield”.
- Dividends are paid monthly, if left in the account will compound monthly.
- A valid Photo ID required to open account (must have a picture and signature on it, and must be current.)
- Deposits are insured up to at least $250,000 and backed by the full faith and credit of the United States Government by the National Credit Union Administration (NCUA), a Federal government agency.
Share Certificates
- $1,000.00 minimum compounded monthly
- 6 month certificate .80%-.801% APY
- 12 month certificate .90%-.901% APY
- $5,000.00 minimum
- 18 month certificate 1.00%-1.01% APY
APY means “Annual Percentage Yield” <
Dividend period is the term of the certificate.
Dividends are declared monthly by the Board of Directors and are subject to change at any time.
These accounts are variable rate accounts and are subject to change.
Early withdrawal penalty-Dividend rate reverts to common share rate
Dividends are paid and compounded monthly added to certificate.
Deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by NCUA, a Federal government agency.
IRA Accounts
- 6 month .80%-.801% APY – $400.00 minimum
- 12 month 1.00% – 1.01% APY – $1000.00 minimum
- 24 month 1.30% – 1.31% APY – $2500.00 minimum
- 36 month 1.50% – 1.51% APY – $5000.00 minimum
Early withdrawal penalty under age 59 1/2
APY means “Annual Percentage Yield”
Dividend period is the term of the certificate
Dividends are declared monthly by the Board of Directors and are subject to change at any time.
Dividends are paid and compounded monthly added to certificate.
Deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by NCUA, a Federal government agency.
