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SHARE ACCOUNTS:

We offer five basic Share (savings) Accounts. Each Share Account earns Daily Dividends (calculated from day in to day out). Deposits may be made several ways: through the mail, in person, by payroll deduction or ACH (automatic clearing house) System, through our night deposit drop box. Withdrawals and/or transfers may be requested in person, by phone, by mail, by using "Sybil" (our phone banking system), by "Perfect-Teller" (our online banking program), through the ACH System, or by leaving a message on our voicemail after hours. A signature may be required on some withdrawals and/or transfers.

Types of Share Accounts

Regular Shares - Our regular share account is comparable to a bank's passbook savings account. Minimum balance is $5.00 and is required to maintain membership status.

Special Shares or Funds - You may use these accounts when you need to keep funds separate from your regular share account. No minimum balance is required.

Christmas Club - Use this account to save all year long for your Holiday spending. No minimum balance is required.

Vacation Club - Similar to the Christmas Club, except that you choose the date each year you want to withdraw from the account. No minimum balance is required.

Draft Accounts
Members can also open Draft (or Checking) Accounts...

IRA's & CD's:


IRA (Individual Retirement Account)
 Excellent investments for the future and your contribution may be tax deductible. You will consistently earn higher rates, and the dividends are tax deferred.

Traditional IRA
Roth IRA
Tax Deductions now*
Withdraw regular contributions at any time, tax-free and penalty free
For you, if you anticipate paying taxes at a significantly lower rate in retirement*
No required minimum distributions (RMD) at age
70 1/2

*Not intended as tax advice, please consult a tax professional.

IRA Share Accounts
Deposits can be made anytime into this account. (Even through payroll deduction.) No minimum balance is required. Dividends are computed and paid monthly.

IRA Share Certificates
Lock in a higher rate for a full 12, 24, or 36 months. $1,000.00 minimum balance required. Dividends are computed and paid quarterly.

CD (Certificate of Deposit)
Share Certificates offer premium, fixed rates for a specified term of 1, 2, or 3 years. Minimum balance of $1,000.00 is required to open a share certificate. Dividends are computed and paid quarterly. Early withdraw penalties may apply.

 


 


 

Location:
502 Henry Street
PO Box 557
New Haven, Indiana 46774
Telephone: (260) 749-9956
Fax: (260) 493-7959

Lobby Hours:
Monday - Friday 9:30 am - 4:30 pm

Drive Thru Hours:
Monday - Thursday 9:00 am - 5:00 pm
Friday 9:00 am - 5:30 pm
Saturday 9:00 am – Noon

 

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