Savings and Investments

 

For when the ole' piggy bank isn't enough!

 

Options to Grow Your Savings

Western Illinois Credit Union Share Account is your passport to a host of financial services. From the simple Share Account to the investment instruments, each financial product helps you move toward financial independence.

*All rates and terms are subject to change without notice.

Share Account

  • This account establishes your membership in the credit union
  • A deposit of $5.00 opens the account and the amount must stay on deposit to remain a member.
  • These accounts are variable rate accounts. Dividend rates are declared monthly by the Board of Directors and are subject to change at any time without any notice.
  • Dividends of .05% – .05% APY. APY means “Annual Percentage Yield”.
  • Dividends are paid monthly, if left in the account will compound monthly.
  • A valid Photo ID required to open account (must be current, have a picture and signature on it).
  • Deposits are insured up to at least $250,000 and backed by the full faith and credit of the United States Government by the National Credit Union Administration (NCUA), a Federal government agency.

Share Certificates

Term Minimum Balance APR APY
12 Month  $         1,000 1.75% 1.76%
18 Month  $         5,000 1.95% 1.97%
24 Month  $         5,000 2.25% 2.27%

APY means “Annual Percentage Yield”
Dividend period is the term of the certificate.
Dividends are declared monthly by the Board of Directors and are subject to change at any time.
These accounts are variable rate accounts and are subject to change.
Early withdrawal penalty: Current month’s accrued dividends plus 60 day dividend calculation.
Dividends are paid and compounded monthly and added to the certificate.
Deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by NCUA, a Federal government agency.

IRA Accounts

  • 12 month .25% – .25% APY – $1000 minimum
  • 24 month .30% – .30% APY – $2500 minimum
  • 36 month .50% – .50% APY – $5000 minimum

Early withdrawal penalty under age 59 1/2
APY means “Annual Percentage Yield”
Dividend period is the term of the certificate
Dividends are declared monthly by the Board of Directors and are subject to change at any time.
Dividends are paid and compounded monthly added to certificate.
Deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by NCUA, a Federal government agency.

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