Certificates

A Certificate of Deposit (CD) is a product offered by U S Federal Credit Union that provides a higher interest rate on money saved at the credit union. A CD is similar to a savings account, except the money put into the CD is a set amount that must remain untouched for a specific amount of time.

U S Federal Credit Union offers 6, 9, 18 Months, 1, 2, 3, 4 and 5 Year Share Certificates with a $10,000 minimum. Weekly rates are available here or by calling U S Federal Credit Union at 219-769-1700.

Dividends can be mailed to your home or deposited to your account of choice savings or checking. There are penalties imposed for early withdrawal.

What happens when your CD matures?

When your U.S. FCU CD matures, you will be notified prior to the CD’s maturity date so you can decide what happens to your money:

Option 1: Do Nothing. Do nothing, and your money will be rolled over into another term of the same length, using the current interest rate at the time.

Option 2: Withdraw Your Funds. You can choose to withdraw your money within the grace period completely so it’s no longer connected to any CD.

Option 3: Transfer Your Money to a Different CD. The last option is to transfer your money to a new CD term. If you choose this option, your money will be locked in for a new term.

If you need to withdraw your money prior to the CD’s maturity date, penalties may apply. While the amount varies depending on the CD, the fee will be taken out of any interest you’ve earned on your CD.

Why save with U.S. Federal Credit Union?

We offer a variety of CD options, which should help you with your financial planning and savings goals. From six months to five years, we have a CD option to suit just about any saver's needs.

Plus, when you bank with us, you can bank knowing that your money is safe. Each account holder with U S Federal Credit Union is insured up to $250,000 by the National Credit Union Administration (NCUA).

Lastly, we’re able to offer rates significantly higher than the national average. It’s safe to stop looking for somewhere better. Your money is in good hands with us.

 Get paid your way.

Account holders can choose how they want to receive dividends from their CDs. As an account holder, you can choose to either receive your money via check, or have the money deposited directly into your account.