Chetco Federal Credit Union Savings Rates

Chetco Federal Credit Union was founded in November, 1957 with the mission of helping people. It is a non-profit financial institution which is owned by its members. It provides financial services to the families who are living or working in Del Norte, Curry and Coos Counties. It started as a small organization who operated out of the trunk of a car. It has progressed and developed since then. Presently it has a membership of over 28,000 members and is still growing with eleven branch offices including three High School branches. It is managed and regulated by the board of Directors who are elected by the general membership.

It gives the benefits to its members in terms of high dividend rates and low interest rates. You may consider opening a Money Market Savings Account. It gives you the ability to earn high dividends and doesn’t tie your funds for a long term. Its tiered structure pays one dividend rate for balances between $2,500.00 to $19,999.99 and a higher dividend rates for balances of $20,000 and above. Explained below are Money Market Account Tiers on different balances:

- For balances varying between $2,500 to $20,000 earns an APY of 2.00%

- For balances varying between $20,001 to $100,000 earns an APY of 2.75%

- For balances varying between $100,001 to $500,000 earns an APY of 3.50%

- For balances uptill and above $500,000 earns an APY of 4.00%

*These rates are effective as on 07/01/2006 and are subject to change without notice at anytime.

CFCU members can enjoy the facility of Online Banking through its website: http://www.chetcofcu.org. You can check your account, make transfers, reorder checks and much more at your convenience. It offers various other free time saving services like Home Banking, On-Line Bill Payer, Travelers Checks, Direct Deposit/Payroll Deduction, Notary Services/Signature Guarantee, Drive-thru service, After-hours night drop, Fax Service, CFCU VISA* Debit Card (*AC), VISA* Credit Card (*AC), Phone Teller and CFCU ATM Transactions.

All savings accounts are insured to at least $100,000 by the NCUA, the National Credit Union Administration, an agency of the federal government. You may become its member now and start enjoying its services.