- Guaranteed, fixed rate on funds deposited
- New funds only
- No monthly maintenance fees
- Deposits federally insured up to $250,000 with the National Credit Union Administration; excess coverage up to $200,000 with American Share Insurance per individual depositor
- $5,000 minimum deposit to open
- $1,000,000 maximum aggregate balance
- $20,000 minimum deposit to open
- $5,000,000 maximum aggregate balance
Do you have questions for a member representative? Set up a consultation call that works with your schedule.
What is a Term Share Certificate?
Term Share Certificates (TSC) are investment accounts offered by credit unions that are similar to Certificates of Deposit (CD) you might find at a bank. A TSC pays higher interest rates over a fixed period of time, known as a term, for a guaranteed return. When you place funds you don’t immediately need into a TSC you can earn higher dividends without daily management or fees. This is a low-risk way to maximize your savings because deposits made with ACCU are federally insured by the National Credit Union Share Insurance Fund (NCUSIF) and American Share Insurance. It is a safe way to grow your savings with a return you can count on. Plus, you can spend the time you would have spent watching the stock market with your family because you can rest assured that your return will not change as the market fluctuates.
National Credit Union Insurance Fund
Your deposits are insured by the National Credit Union Share Insurance Fund (NCUSIF), which is managed by the National Credit Union Administration, an independent agency of the United States Government. Your deposits are insured up to $250,000 per individual account and up to $250,000 for Individual Retirement Accounts.
American Share Insurance
Members of America’s Christian Credit Union with qualifying personal accounts exceeding the maximum level of coverage provided by the NCUA are also insured up to an additional $200,000 by ASI for a total of $450,000 of coverage. And, qualifying business/church accounts exceeding the maximum level of NCUA coverage are also insured up to an additional $100,000 by ASI for a total of $350,000 of coverage. ASI’s additional insurance coverage at America’s Christian Credit Union only applies to qualifying personal checking, savings, TSC and IRA accounts and to qualifying business/church accounts.
Use this calculator to help determine the potential dividend growth and tax liability on your Share Certificate.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not imply that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results. This calculator is not an offer of credit nor a guarantee of approval.
What is a Term Share Certificate?
A Term Share Certificate is a savings product that you can invest your money in and withdraw with interest at maturity. All ACCU certificates are insured up to $250,000 by the NCUA (National Credit Union Administration).
Is there a minimum deposit required to open a 10-Month New Money Term Share Certificate?
Yes, there is a $5,000 deposit required for individual members at account opening and a $20,000 deposit required for organizations at account opening. Whether you are coming to us an experienced saver or just starting, a TSC is a perfect way to earn interest while keeping your money safe and secure.
Is there a penalty for early withdrawal?
Yes, there is a penalty for withdrawal. See America’s Christian Credit Union’s Truth In Savings for full details.
1 – APY = Annual Percentage Yield. APY assumes that dividends will remain in the account until maturity. Penalty for early withdrawal may apply. Minimum Balance is required in order to open the 10-Month New Money Term Share Certificate (TSC) and to earn dividends. For consumer members, the promotional 10-Month New Money TSC has a $5,000 minimum deposit and a $1,000,000 maximum aggregate balance per certificate. For organizational members, the promotional 10-Month New Money TSC has a $20,000 minimum deposit and a $5,000,000 maximum aggregate balance per certificate. Early withdrawal penalties do apply which may reduce the principal. No additional deposits can be made during the term of the promotional TSC. This offer is for new members and existing members. Account must be funded with new funds or funds deposited less than 30 days prior to opening. Offer valid through 01/31/2023. At maturity, the promotional TSC will renew as a traditional TSC for a 9-month term at the prevailing rate unless we are notified prior to or within 7 days of maturity date. All program rates, offers, terms and conditions are subject to change without notice. Certain restrictions apply. New members must qualify for membership and must pay a $2 membership fee.