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Certificates

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 33 mo. 1.49% 1.50% $500 Quarterly
Special 53 mo. 2.77% 2.80% $500 Quarterly

APY= Annual Percentage Yield. Specials are accurate as of 1/1/19. All rates subject to change. Penalty may be imposed for early withdrawal. Certificate specials are good on both regular and IRA certificates.

 

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