Open a share certificate

Unlike what its name may imply, a share certificate has nothing to do with the stock market. At a credit union, a share is another term for deposits, since each member owns a share of the credit union. A share certificate is a type of savings account that offers a fixed dividend rate for specific terms. UNFCU offers terms ranging from three to 60 months. Share certificates typically offer higher dividend rates than traditional savings accounts. To earn the full dividend, you must keep your money in the account for the complete term of the certificate.

Share certificate dividends are compounded daily and credited monthly. You can withdraw all or a portion of the dividends earned each month without penalty.

Share certificates are very secure. You can earn a guaranteed rate of return and your money is insured up to $250,000 per owner.

The Simple Saver share certificate is the only share certificate that allows you to make deposits anytime during its 24-month term.

All UNFCU members enrolled in Digital Banking can open a Simple Saver share certificate. With Digital Banking, you can easily transfer money into the account whenever you like. Each member can have one Simple Saver share certificate, and the total balance at maturity cannot exceed $10,000.

The Featured Term 11-month certificate is available to members with $50,000 or more in qualifying new deposits. Qualifying new deposits are defined as external deposits into a UNFCU savings, high-yield savings, or checking account over the 180 days prior to opening the certificate, minus money withdrawn over the same time frame. Transactions related to a UNFCU loan, line of credit, credit card, or debit card are excluded. For example, if you deposited a total of $200,000 within the last six months, but withdrew a total of $50,000, your qualifying new deposits would be equal to $150,000.

At maturity, the 11-month certificate will automatically renew into a 12-month standard share certificate at the current rate. You can update your renewal options at any time before the maturity date. 

You may have one joint account holder on your UNFCU share certificate account.

Early withdrawal penalties apply to the principal balance of your certificate. You can still withdraw dividends accrued on your account each month without penalty. 

View our fees and service charges for specific penalties based on the term of your certificate. 

The penalties will be waived if you use the money for a new home financed by UNFCU.

If you believe you qualify to have your fees waived, please contact us for assistance.

You may deposit dividends into another account that you own. If you are looking to transfer dividends to an account that is not yours, please contact us.

No, you cannot change the term of your certificate during its initial term. However, at maturity, certain UNFCU share certificates have a 10-day grace period, during which you may change the term, or for share certificates that do not renew at maturity, you may open a new share certificate with a new term (subject to availability) at maturity.

Yes, your share certificate can be used as collateral for a UNFCU secured loan. You will earn dividends on the total balance in your account, including the amount being used as collateral. 

You will not have access to the amount being used as collateral until you repay the loan.