 |
|
A Prime Share Account is required for membership
in the Credit Union. This account has a $25.00 minimum
balance requirement ($5.00 for members 17 years
old or younger). As long you maintain the minimum
balance in this account, you are considered an active
member of the Credit Union. The Prime Share Account
is a "regular savings" account. Dividends
are paid quarterly. To earn dividends, you must
have an average daily balance of at least $100.01
for the dividend period. There is no monthly service
fee. Quarterly statements are issued on Prime Share
accounts. You may open a secondary savings share
if you so desire...
|
|
|
|
Our Sammie Saver and Surf Zone Savers Accounts are the ideal way to
teach your kids or grandkids the value of saving
money. Sammie Savers accounts are for kids twelve and under, and Surf Zone Savers are for kids 13-17. Dividend rates for these accounts are the same
as our Prime Share accounts, only we start paying
the dividends on an average quarterly balance
of only $5.00. We waive our membership fee for
these accounts and lower the minimum balance requirement
in Prime Shares to $5.00. Many parents (or grandparents) even
arrange for automatic monthly transfers from their
accounts to the kids Sammie Saver or Surf Zone Saver accounts.
|
|
|
|
Check with the mega-banks in town...how many offer
Christmas Club Accounts? Most banks threw out
Club accounts along with being able to see a teller
without getting charged a buck fifty. Not Central
Coast Federal Credit Union! Our Christmas Club
account is the way to save money for the Holidays...dividends
are earned quarterly and pay starting on an average
share balance of $100.01 for the dividend period.
On November 10 of each year we pay final dividends
and mail you a check for the full balance in the
account. We pay a rate 1/2% higher than our Prime
Share rates on Christmas Club Accounts. As this
account is designed to promote savings for the
Holidays, there is a penalty for early withdrawals.
Please see our Truth
in Savings Account Disclosure (requires Adobe
Acrobat Reader) for penalty and general account information.
|
