Share Savings/Certificates
Share Savings Accounts enable members of Yorkville Community Federal Credit Union to accumulate money regularly for both short- and long-range financial objectives.
Share Savings Plan
With a Share Savings Plan, your funds are available without delay whenever you want them to meet any emergency that may arise. Accounts may be opened for a minimum of $25 and deposits may be made at any time. For current dividend rates and dates computed, please call us.
Christmas Club
A Christmas Club account may be opened in addition to your original savings account. Christmas Club checks are sent out in October each year.
Secondary Savings Account And Vacation Club
Secondary Savings Account & Vacation Club may be opened in addition to your original savings account.
Share Saving Certificates
Share Savings Certificates are similar to certificates of deposit. Our certificate program has been tailored for you, our member, to give you the highest possible rates, flexibility and convenience.
Dividend Rate
We will change our rates as market conditions demand. We will strive to offer competitive rates. Once you purchase a certificate, the rate will be constant during the life of the certificate.
Early Withdrawal Penalty shall be on the entire certificate balance prior to maturity.
Notices
A periodic statement is mailed detailing your transactions.
Our Share Draft Account is like a Checking Account with ATM Card accessibility.
With our Share Draft Account you get:
- No monthly service charges
- No minimum balance required
- Monthly Statements
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Duplicate carbon checks
- Unlimited check writing
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Direct Deposit Available
- Copies of drafts available on request for a nominal fee.
In situations involving misuse or misconduct of the account, the credit union reserves the right to close the account with no prior notification required.
Stop paying for your checking and check with us. We've got a good deal for you.
Loan Services
When borrowing becomes part of your plans, Yorkville Community Federal Credit Union can work with you to arrange a loan. It can be a fast, easy process. Below are frequently-asked questions:
When can I apply for a loan?
As soon as you join the Credit Union
What procedure is needed to apply for a loan?
- Loan application must be completed
- Verification of income (ex. Current pay stubs, Social Security and/or Pension/Checks)
What type of loans are offered?
- New and Used Car Loans
- Home Equity Loans
- Share Secured Loans
- Personal Unsecured Loans
- Recreational Vehicle Loans
- Motorcycle Loans
- Boat Loans
Individual Retirement Account
Saving for retirement is safe and easy with an IRA.
IRA accounts are federally insured by the National Credit Union Administration up to $250,000.00
Maximum contribution are $5000.00 per year.
Individuals age 50 and over may make a catch-up contribution of $1000.00.
The Traditional and Roth IRA's offer unique savings opportunities.
An Education Savings Account (ESA) is a valuable tool for saving for a child's education.
For more information about IRA's, please call or stop by our office.
If you are a typical homeowner and have owned your home for several years, your property has probably earned a profit for you by increasing in value because of inflation. Further, your regular monthly mortgage payments reduce the amount you owe. For both reasons inflation and amortization your equity normally increases.
To find out how much equity you have, an estimate is made of the current market value of your home. From this estimate, subtract the balance of your mortgage still to be paid. The remainder is your approximate home equity.
This home equity can be used as collateral to secure a loan for any worthwhile purpose. A home equity loan does not change or alter your first mortgage in any way it is an entirely separate loan. There may be tax benefits as well.
