Come open a share (savings) account today. It is a $5 minimum deposit to join the Credit Union and open an account. Your only requirement is to live, work or worship in Jefferson County or Clallam County or have a family member that is already a member of the Credit Union.
Money Market Shares
Money Market Shares (Market Rate Accounts) Average Daily Balance Below $1,000: To earn dividends your average daily balance must be $1,000 or higher. If your average daily balance is below $1,000, no dividends are earned for that month. Dividends are declared and paid monthly and calculated on the average daily balance. Deposits are unlimited. Three checks or transfer withdrawals per month are allowed.
Minimum Balance: $1,000.00.
Withdrawal Restriction: No fee for the first 3 withdrawals per month (Share to share transfers are considered withdrawals). Thereafter, $10.00 charge per withdrawal over the limit of 3 per month.
Interest compounds monthly.
Share Draft (Checking) Account
No Monthly Fees, No Minimum Balance, No Check Limit! You can open a Share Draft (checking) account with as little as $25. There is no minimum balance required in a share draft account after it is opened. The only cost to our members is the printing of the drafts. All members with a Share Draft (checking) account must maintain a share (savings) balance of no less than $5 (including youth accounts). Overdraft protection is available through the Share account, in increments of $50. There will be a $5.00 fee if the Share account is accessed. More overdraft protection is available through your established line of credit loan. Just sign the authorization form and return to loan department
Items causing an overdraft with insufficient funds from regular shares to cover the overdraft will be returned as NSF. Members will be charged $27.00 for each item, plus $10 per day the account is overdrawn. There will be a $5 fee for an account that is closed for cause (excessive overdraft etc.).
Stop payment fees: $20.00 per draft.
Share Draft copy: $2.00 per copy prior to July 1, 1994, $.50 after (1st 2 copies free)
Share Draft print order w/o a form $5.00
Certificate of Deposits
Term certificate of deposits require $1000 minimum deposits. We offer 6 month to 5-year terms. Please refer to the current rate information on our web site. Early withdrawal will result in a penalty equal to 90 days interest on the current balance and loss of any accrued interest for the quarter.
Youth Certificates
Youth Certificates are available for our members under the age of 18. A minimum balance of $50 is required to open the certificate. Withdrawals may not exceed more than one per month in increments of $100, or to close the account. The maximum balance is $999.99. When the member reaches a balance of $1000 or the member turns 18 (whichever occurs first) the CD must either be rolled into a regular CD or transferred to a shares account.
Holiday Club
The Holiday Club requires a minimum deposit of $5. No interest will be paid on balances below $50. You can add to certificate any time. Interest paid is equal to the current one-year certificate rate. There is a 90-day interest penalty for early withdrawal. Funds are available in October if you chose to remove them from the account.
WealthBuilder Investment Club
WealthBuilder Investment Club requires a minimum deposit of $5. No interest will be paid on balances below $50. You can add to this certificate any time. Interest will be paid at the same rate as the current 6-month certificate. There is an early withdrawal penalty of 90 days interest. No penalty withdrawals may be made during the months of April and October.
Peninsula Penny Pinchers Kids' Club Account
Quimper Community Federal Credit Union offers a savings account for those less than 13 years old. All it takes to join is a minimum of one penny to open a Share (savings) account and that also makes you a club member. When you join the club, you will receive a pencil, a sticker, a coloring book, a coupon, and your own membership card. You will receive your own quarterly statement in the mail. Quarterly means every three months. Every time you make a deposit (no minimum amount) you will receive a sticker. With a deposit of $1.00 or more, you will also receive a coupon. When you have collected four coupons, bring them back to the Credit Union and we will give you a wooden nickel that you can take to Elevated Ice Cream and receive a free ice cream cone. With a deposit of $50 or more you will receive a wooden nickel instead of a coupon.(Limit of 5 wooden nickels per month).
Teen Club Account
Quimper Community Federal Credit Union has started a Teen Club for those 13-17 years old. All it takes to join is a minimum of $5.00 to open a Share (savings) account and that also makes you a member.
Other benefits of the Teen Club are:
- Teen Loans up to $300.00 with parent or legal guardian authorization.
- Teaches money management.
- Helps establish credit at an early age.
- Incentive to Save.
- Punch card for mini pizza and small pop at Pizza Factory.
- Get a punch on card with each $5.00 deposit in SHARE account (1 per day).
- Need 10 punches to receive pizza and pop.
No matter what of life you're in, you can never go wrong with a QCFCU IRA. See what an IRA at Quimper Community Federal Credit Union can do for you. Call one of our IRA specialists today at 385-3663.
