The minimum balance for the High Yield Account is $2,500. If the balance falls below this at anytime, 0% interest will be earned until the minimum balance is once again attained. For any transactions involved with the High Yield Account, a minimum $500 amount is required. This means that any withdrawal or deposit has to be at least $500 or more. Withdrawals are limited to 3 per month. Unlimited deposits of $500 or more are allowed. There is no penalty for closing a High Yield Account; however, you must wait six months before re-opening.

Unlike our regular Share Accounts, you will earn daily interest, not dividends, which gives you the advantage of knowing your investment rate up front. Your account will earn interest as long as the minimum balance is maintained. The interest paid is calculated on your account balance each day and is compounded quarterly. Interest rates may change from time to time as determined by the Credit Union.

    Information specific to Coverdell Education Savings High Yield Accounts:
  • Withdrawals (including earnings) are tax-free for both qualified higher-education expenses and public or private K-12 education expenses, such as tuition, tutoring, room and board, and computer equipment.
  • The maximum contribution is $2,000 per child, per year, depending on your income (consult your tax advisor).
  • Funds can be transferred from one child's account to an account for another child in the family. (Certain restrictions apply)
  • The account can be used in conjunction with the HOPE credit and Lifetime Learning credit, but not for the same expenses.

    Opening an IRA can be initiated via any of the following methods:
  • Call our Member Contact Center at (989) 835-7794 or (800) 835-7794 Monday through Friday between 7:00 a.m. and 6:00 p.m. ET to request the required documentation.
  • Visit our Account Services Department Monday through Friday between 7:30 a.m. and 5:30 p.m.

If you have any further comments or questions please call our Member Contact Center at (989) 835-7794 or (800) 835-7794.
This information is not intended as tax advice. Please consult a tax professional regarding your specific circumstances.
    

The minimum balance for the High Yield Account is $2,500. If the balance falls below this at anytime, 0% interest will be earned until the minimum balance is once again attained. For any transactions involved with the High Yield Account, a minimum $500 amount is required. This means that any withdrawal or deposit has to be at least $500 or more. Withdrawals are limited to 3 per month. Unlimited deposits of $500 or more are allowed. There is no penalty for closing a High Yield Account; however, you must wait six months before re-opening.

Unlike our regular Share Accounts, you will earn daily interest, not dividends, which gives you the advantage of knowing your investment rate up front. Your account will earn interest as long as the minimum balance is maintained. The interest paid is calculated on your account balance each day and is compounded quarterly. Interest rates may change from time to time as determined by the Credit Union.

    Information specific to Roth IRA High Yield Accounts:
  • Regular contributions can be withdrawn tax-free at any time
  • Anyone who has income from compensation, or is filing jointly with a spouse who earns compensation within income limits may contribute
  • Earnings can be withdrawn tax-free for any qualified reason after the account is open five years

    Opening an IRA can be initiated via any of the following methods:
  • Call our Member Contact Center at (989) 835-7794 or (800) 835-7794 Monday through Friday between 7:00 a.m. and 6:00 p.m. ET to request the required documentation.
  • Visit our Account Services Department Monday through Friday between 7:30 a.m. and 5:30 p.m.

If you have any further comments or questions please call our Member Contact Center at (989) 835-7794 or (800) 835-7794.
This information is not intended as tax advice. Please consult a tax professional regarding your specific circumstances.
    

The minimum balance for the High Yield Account is $2,500. If the balance falls below this at anytime, 0% interest will be earned until the minimum balance is once again attained. For any transactions involved with the High Yield Account, a minimum $500 amount is required. This means that any withdrawal or deposit has to be at least $500 or more. Withdrawals are limited to 3 per month. Unlimited deposits of $500 or more are allowed. There is no penalty for closing a High Yield Account; however, you must wait six months before re-opening.
Unlike our regular Share Accounts, you will earn daily interest, not dividends, which gives you the advantage of knowing your investment rate up front. Your account will earn interest as long as the minimum balance is maintained. The interest paid is calculated on your account balance each day and is compounded quarterly. Interest rates may change from time to time as determined by the Credit Union.

    Information specific to Traditional IRA High Yield Accounts:
  • Anyone under age 70 ½ who has income from compensation, or who is filing jointly with a spouse who earns compensation may contribute
  • Contributions may be tax deductible
  • Earnings grow tax-deferred until withdrawn

    Opening an IRA can be initiated via any of the following methods:
  • Call our Member Contact Center at (989) 835-7794 or (800) 835-7794 Monday through Friday between 7:00 a.m. and 6:00 p.m. ET to request the required documentation.
  • Visit our Account Services Department Monday through Friday between 7:30 a.m. and 5:30 p.m.

If you have any further comments or questions please call our Member Contact Center at (989) 835-7794 or (800) 835-7794.
This information is not intended as tax advice. Please consult a tax professional regarding your specific circumstances.