AccountsPromoting thrift
Nishna Valley Credit Union offers share/savings accounts, share draft/checking accounts and IRA accounts.
Savings
One of the most important purposes of Nishna Valley Credit Union is to promote thrift. Just $25 opens your share-savings account which qualifies you for a lifetime membership to NVCU. Dividends are declared and paid monthly on your daily balance.
Deposits may be made to your share account through the convenience of payroll deduction, by mail, ATM, night deposit or in person. Withdrawals may be made at any time if shares are not pledged as collateral on a loan. You can withdraw from savings by telephone, mail, ATM or in person.
You can set up special accounts for Christmas, vacation, children, and much more!
Share Drafts - Checking Account
Share drafts put the credit union in your pocket or purse. They are similar in appearance to checks, useable in place of checks and good wherever checks are accepted.
Record-keeping is a breeze with share drafts. You have a duplicate copy of each share draft written, and you receive a monthly statement.
Share drafts provide you immediate access to your credit union funds. This means money deposited into your share draft account, such as paychecks, Social Security or retirement, is available 24 hours a day, seven days a week. You may deposit to your share draft account by payroll deduction, in person at the credit union office, by mail, by ATM, by night drop-off box or by direct deposit.
Certificates of Deposit - CD's
Nishna Valley Credit Union offers a variety of time CD's ranging from 6 to 60 months.
Individual Retirement Accounts - IRA's
The credit union offers IRA's which are a special savings plan authorized by the Federal government to help you accumulate funds for your retirement.
As long as you have earned income or receive alimony, you may contribute up to $4,000.00 each year. If you are covered by a retirement plan, how much of your contribution you can defer taxes on depends upon your income.
The credit union's IRA's are similar to regular shares in the way that dividends are calculated and paid, except that the dividend rate has traditionally been higher on IRA's.