Credit unions have a variety of services, which are all covered by life insurance. This means that if a credit union member dies, his beneficiary is able to collect his shares or savings, with the added benefit gained through Life Savings Insurance. (Conditions apply).

Here is a description of some short and long-term savings and services, which are available at attractive rates:

Share Accounts
This is a basic savings account that establishes members as part owners of the Credit Union. Having savings in a share account entitles members to dividends from the Credit Union’s surplus and helps in building their credit rating for obtaining loans. Members' capacity to borrow is often dependent on the amount saved in this account.

Credit Unions differ in the amount that is required to start a share account, however in most instances potential members need only as little as $500.

Golden Harvest Savings Account
Are you saving towards a medium/long term financial goal such as your child's education account or your retirement? Then the Golden Harvest Savings Plan is right for you.

This offers credit union members, aged sixteen to sixty-five (16-65) years the opportunity to save towards a specific savings goal over a fixed period of time, to a maximum of ten (10) years.

The goal amount is insured by CUNA Mutual Group; therefore, if the member should die or becomes incapacitated, the insurance coverage will pay the difference between the contracted goal amount and the sum already saved by the member provided the applicable conditions are met.

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Term Deposit/Fixed Deposit
Most credit unions offer fixed deposits as a safe short-term savings option. through which members can save toward major investments such as home ownership.

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Treasure Chest Savings Account

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