Share Certificates (often known as certificates of deposit, or CDs at banks), offer our members the safety of federal insurance and higher earnings than what is traditionally paid to a share (savings) account. They are a great way to safely grow your savings.
A Message To Our Members about Savings Certificates:
The United Methodist Credit Union is here to serve our Members in every way that we are able. As you know, interest rates on savings at financial institutions change rapidly, often with specific terms or under certain circumstances. Many banks require you to have an appointment with their staff just to tell what their CD rates are. And rates are often just a reflection of that institution’s need for deposits to fund loans or other lending products.
Our position is different. We try to offer our Members a reasonable base rate on share certificates, regardless of maturity. And when we’re able to, we’ll do our best to make available some higher yielding certificates to our churches and individual members.
TUMCU’s Current Share Certificates (effective 02/01/2025 – other terms below)
Flexible-Term Certificate.
You can open a share certificate for as little as $1,000 and choose from terms ranging from 6 months up to 5 years. We currently offer an interest rate on these certificates of 1.10% APY, regardless of the length you choose – so you can match the maturity of your share certificate to a specific need if you so choose.
Special Certificate for Secured Checking Members.
If you have a qualified Secured Checking Account* with TUMCU, we are pleased to offer you an 8-Month Share Certificate with an interest rate of 3.25% APY. This higher rate is available to those Members who use our multi-feature Secure Checking Account. There is a $1,000 minimum certificate size, and a maximum of $50,000 (and no more than $50,000 of these certificates when aggregated).
Special Church Certificate.
If your church or related organization have a need for higher-rate savings, we are pleased to make available an 8-Month Share Certificate with an interest rate of 3.50% APY. This high rate is available only to churches and organizations within them (Sunday school classes, men’s or women’s groups, and nursery schools are some examples). The minimum size of these certificates is $1,000 and the maximum is $100,000 (and no more than $100,000 of these certificates when aggregated).
Please call us at (866) 657-0004 to arrange for one of these certificates or for further details.
IMPORTANT:
Rates and terms are effective as of 02/11/2025
All of our deposit accounts are federally insured up to $250,000 by the National Credit Union Administration (NCUA). There is a 90-day penalty for early withdrawal if the certificate is held less than 12 months. If greater than 12 months, a 180-day penalty will apply. Penalties will never invade the certificate’s principal. Rates are subject to change and restrictions apply. APY is the Annual Percentage Yield.
*A qualified Secured Checking Account is one that has at least a $100 balance, has a deposit at least once per quarter, and has made an average of five transactions per month for the past six months.
Equal Housing Lender - We do business in accordance with the Federal Fair Housing Law and the Equal Housing Opportunity Act.
