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*The Board of Directors is sorry to announce that we will not be accepting any new money for deposit into a CD. For our present CD holders your maturities will automatically rollover and you may add to them at maturity. This freeze will be reviewed each month at our monthly board meeting. Linda J. Kidder,Treasurer
We also have a cap of $50,000 for rollovers into our IRA accounts. |
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The Covered Bridge Credit Union offers a variety of different checking, savings, and investment packages. Remember share, club and share draft dividends are added to your account semi-annually. The rate you see below is the rate we paid ON 07/01/2011. Dividend rates are set by our Board of Directors semi-annually.
Checking Accounts... Over age 62, your checking account is totally free. Under age 62, you only buy your checks. No monthly service charge and no per check charge. Shares ($5.00) makes you a member of the Credit Union. We ask that you keep 5 shares ($25.00) in your savings at all times. Individual Retirement Accounts (IRAs)... We offer Traditional and Roth IRAs, as well as Coverdell ESAs. We offer both IRA shares and 1 year certificates. Please contact us for rates. Vacation & Christmas Club Accounts... Christmas Clubs start the 3rd week in October, and run for 52 weeks. Vacation clubs may start anytime but must run for 52 weeks. Share Certificates (CDs)... To our present CD holders, deposits are allowed only at maturity. There is a 90 day penalty for early withdrawal.
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