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Village Credit Union
Share Certificates
Another form
of savings offered to Village Credit Union members are share
certificates. These certificates pay a higher interest rate than the
normal share accounts.
The current
maturities offered are for 3, 6, 12 and 24 months. Interest is calculated
daily and paid annually or at maturity. All share certificates except
for the 3 and 6 month maturity can be used for IRA investments.
Quarterly statements
are mailed. The certificates are automatically renewable, however the
credit union will contact members at renewal time. There are substantial
penalties for early withdrawals except for death or permanent total
disability.
If you have
questions about Share Certificates, drop by our office, or
e-mail
Info@VillageCU.org
us to learn more.
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Figure
Your Savings!
Do you want to know how much you should
save to prepare for college, a house, or retirement?
Use the
Savings
and
Retirement
calculators to help determine how much you should save to reach your
financial goals.
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