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What is a Certificate?

A share certificate is similar to a certificate of deposit (CD), but is issued by a credit union, rather than a bank. You deposit a certain amount and cannot withdraw the funds during the pre-selected length of the term without penalty. At OUCU, you'll never lose principle (your original certificate amount) should you need the money early.

Certificates are a good savings option because they typically earn higher rates than savings accounts. 
We believe everyone should have a chance to save so our minimum balance is $500 - lower than most other institutions!

  • Certificate terms:  3 months to 60 months
  • Minimum to open:  $500 - lower than most institutions!
  • Jumbo certificates:  earn higher rates for certificates of $25,000 or more
  • Dividends:   compounded and paid quarterly – dividends earned can be added to the certificate or deposited into a savings account
  • Types of certificates:  regular share, Roth IRA, & Traditional IRA


Certificate Specials

Term Dividend Rate APY Minimum Compounding
Special 21 mo. 1.39% 1.40% $500 Quarterly
Special 50 mo. 2.97% 3.00% $500 Quarterly

APY= Annual Percentage Yield. Specials are accurate as of 10/29/18. All rates subject to change. Penalty may be imposed for early withdrawal. 


Federally Insured

Your savings and certificates are insured up to $500,000. The first $250,000 is federally insured by the National Credit Union Association (NCUA). Your next $250,000 is insured by Excess Share Insurance, the nation's largest private deposit insurer