|Put your money to work for you. SOCU's
investment rates compare favorable to other financial institutions.|
Earn competitive market rates when you invest as little as $500 for six-months, one-year, two-year, three-year or five-year terms.
Open an Add-On Share Certificate with just $25! You can add-on more funds through payroll or automatic deposit, or at any time with as little as $10. This 6-month certificate has an automatic renewal. See a Member Service Consultant today and start saving--open your Add-On Share Certificate!
Can't commit? Then we've got the perfect certificate for you! Our Freedom Certificate is a special one-year, $20,000 minimum balance certificate with a 14-day notice, no penalty withdrawal option. Think of it as a certificate for the non-committal.
We now have IRA Certificates with 1, 2, 3 and 5 year maturities. Funds can be transferred into these certificate types from existing IRA Share accounts.
For promotional rates, please contact a Member Service Consultant at (270) 796-8500 or (800) 759-8500.
|We Match Area Competitor's Rate!|
We always want the opportunity to provide our members with the best rate possible. If you see a higher certificate rate at another financial institution, ask us to match it! Maximum rate restrictions apply. Not valid on internet rates.
|Individual Retirement Accounts|
It's never too early or too late to start planning for your retirement. Experts predict that the average American will need nearly 70% of their pre-retirement income to maintain a comfortable lifestyle after retirement. Our federally insured IRAs earn high
investment rates. Dividends are determined by the credit union, compounded quarterly and have withdrawal and contribution limitations.
NCUA has increased retirement insurance coverage from $100,000 to $250,000. Click here to view the NCUA Insured Funds Brief Bulletin.
The IRAs available at SOCU are:
|Contribute up to $5,500 a year.|
|Earnings are based on the balance of your account.|
|Savings grow tax deferred. (Possible tax deduction.)|
|Withdraw at age 591/2.|
|Catch up contributions are available for individuals age 50 and over.|
|The Roth IRA
|Contribute up to $5,500 a year.
|Earning withdrawals are tax-free at age 591/2 or for qualified reasons.
|Contributions permitted after age 701/2.
|Catch up contributions are available for individuals age 50 and over.
|Coverdell Education Savings Account|
|Use for elementary, secondary, and post-secondary education.|
|Contribute $2,000 a year per child under the age of 18.|
|Earnings grow tax-deferred until withdrawn.|
can be transferred from one child's account to an account for
another child in the family.|
|Direct Brokerage Services* |
If you prefer to manage your own portfolio or conduct your own trades and have a Members Brokerage account, you may use the 1-877-Members number or internet access to the Members Financial Network.
|Together, these provide:|
| ||Representative-assisted toll-free trading|
| ||Automated touch-tone feature with trading capabilities|
| ||Internet access with trading capabilities|
| ||Electronic funds transfer|
| ||Self-directed IRAs|
| ||Stocks, bonds, mutual funds, and options|
* Securities sold through CUNA Brokerage Services, Inc., member NASD/SIPC, 5910 Mineral Point Road, Madison, WI 53705. Not federally insured, may lose value, and not underwritten or guaranteed by the credit union