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This account establishes your membership in the credit union. This account is required before any other products or services can be utilized. This account allows you to save; and at the same provides you the flexibility of being able to withdraw funds when you need them.
| Opening Deposit: | $25.00 Minimum |
| Minimum Balance: | $25.00 |
| Minimum Balance to Earn Dividends: |
$100.00 Average Daily Balance - Paid and compounded quarterly |
| View Current Rates | |
An account designed to help you save for the holidays is the Christmas Club account. There are no minimum balance requirements and dividends are paid and compounded quarterly on average daily balances of $100 or more. Funds are transferred to regular share/savings or draft/checking accounts the first of November.
Special share/savings accounts can be opened for members who want to save for a specific purpose and keep the funds separate from their regular share/savings. Members can personalize this type of account by naming it themselves.
We welcome the opportunity to serve the savings needs of organizations and clubs in the community.
| Opening Deposit: | $25.00 Minimum |
| Minimum Balance: | $25.00 |
| Minimum Balance to Earn Dividends: | $100.00 Average Daily Balance paid and compounded quarterly |
| View Current Rates | |
Savings Safari Club is an account especially designed for members age 12 and under.
This account encourages our youngest members to save by allowing them to choose a prize from the treasure chest with each deposit. From time to time special events and contests are held. Savings Safari Club members also receive a special wish on their birthday.
| Opening Deposit: | $10.00 Minimum |
| Minimum Balance: | $25.00 |
| Minimum Balance to Earn Dividends: | $100.00 Average Daily Balance paid and compounded quarterly |
| View Current Rates | |
United States Savings Bonds can help you reach your savings goals with safety, market-based yields, and tax benefits. Interest earned on Bonds is exempt from State and local income taxes. Federal income tax is deferred on bonds until maturity or redemption. U.S. Savings bonds are backed by the full faith and credit of the United States.
Series EE bonds are purchased at one half of face value. Series I Bonds are purchased at face value. Both Series can be purchased at the credit union.
For additional convenience, members can also redeem their bonds at the credit union.
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Individual Retirement Accounts (IRA)
Our IRA portfolio includes both Traditional and Roth IRAs. Members can open a share/savings IRA with a minimum deposit of $50. Dividends are paid and compounded quarterly on average daily balances of $100. Certificates can be purchased for either IRA type. The minimum deposit for a certificate is $1,000 and dividends are paid and compounded monthly. The rate is specific to the term. Members can choose terms from 6 to 36 months. Early withdrawal penalties apply.
Share certificates allow members to earn a higher rate of return by depositing a minimum of $1000 for a specific term. Certificates can be purchased for either 6 or 12 months. The rate is specific to the term. Dividends are paid and compounded monthly. Certificates are subject to early withdrawal penalties.
Our partnership with Members Financial Network, a division of CUNA Mutual Group provides a host of financial resources and investment options.
Your can arrange a no cost and no obligation meeting with a Members Financial Services representative to tailor a solution to fit your needs.
For a preview of products and services available please visit Members Financial Network:
To arrange for a representative to contact you, you can call or e-mail us: 970.522.0111 service@sterlingcreditunion.org Or you can call our representative directly, David Richey 800.783.8850 extension 1534.
* Members Financial Network is not owned or operated by Sterling Federal Credit Union. Any products purchased are not guaranteed or sold or insured by Sterling Federal credit union. Products purchased are not Federally Insured. Some investments involve risks, including the possible loss of principal.
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