N.A.E. Federal Credit Union

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Savings

When you become a member of NAE Federal Credit Union, you become one of its owners.  By opening a savings account with us, you have a vested interest in what happens at this Credit Union.  Since we are a non-profit organization, all money made above and beyond expenses is returned back to our members in the form of dividends, lower interest rates and affordable financial products and services.  As a member, you will earn a quarterly dividend on your savings account.  We recognize that not every member has the same savings needs as the next and we have developed a variety of programs to help our members anticipate and meet their needs.  In addition to opening a primary savings account, we also offer several other types of savings accounts.  They include:  

• Christmas Club Accounts
• Vacation Club Accounts
• Certificates of Deposit
• IRA (Individual Retirement Accounts)
• Share Draft (checking) Accounts

Christmas Club -

You may establish a Christmas Club account with a deposit and continue to make deposits at your convenience throughout the year.  Dividends on this account are paid quarterly and funds are available after the October 1st dividend posting.  Christmas Club dividends are paid at a somewhat higher rate than Share Savings.  

Only one emergency withdrawal is permitted per year on a Christmas Club account.  If more than one withdrawal is made, the account will be closed at the discretion of NAE FCU.  

Vacation Club -

For those members who like to travel, but don’t want to “break the bank”, NAE offers a competitive Vacation Club.  Deposits can be made at any time to this account and dividends are earned quarterly.  As with the Christmas Club, dividends are earned at a higher rate than with Share Savings alone.  

Certificates of Deposit -

Certificates of deposit are available in a variety of terms with a variety of different rates.  Check with any Credit Union officer for additional information.  

IRA (Individual Retirement Accounts) -

IRA’s are a convenient and profitable financial vehicle for the accumulation of savings for retirement.  NAE offers both traditional IRA accounts and ROTH IRA accounts.  Each can quickly and easily be set up at one of our convenient branches.  

Share Draft Accounts -

NAE offers share draft accounts with no minimum balance and little or no service charges.  After 30 days in good standing, your account will automatically be provided with Overdraft Privilege at no cost to you.

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