Share Certificates

Looking for a Great Investment?

For members looking for an investment, we offer an investment plan that may earn higher rates than other savings programs. We pay competitive rates on Term Share Certificate accounts.

You can get a savings program started for you or your child(ren) - and it is painless when you have a small portion set aside each payday. You can deposit it into a savings account, then transfer it to a certificate when you accumulate the minimum amount you want to invest. Share certificates can also be used as loan collateral.

Share Certificates are available in the following terms:

6, 12, 36, and 60 month - $500 minimum deposit

The following options are available and will be selected at the time you purchase the certificate.

  1. Your dividends can be credited and compounded to the certificate quarterly or
  2. Your dividends can be paid quarterly and transferred into any Share account - Regular Share/Savings, Christmas Club, or ShareDraft/Checking. Dividends may also be mailed to you in the form of a check.

Share Certificates will automatically renew at maturity unless you indicate otherwise. Early withdrawal penalties apply. Rates on these certificates are evaluated weekly, but you will lock into current rates when you open a certificate.

Shares and Certificates are federally insured by the National Credit Union Administration (NCUA) up to a total of $250,000 for any accounts set up under the same ownership.

The payment of dividends is based on the available current and undivided earnings of Jessop Community FCU. The Annual Percentage Yield (APY) for a one year or less time deposit is based on the assumption that the funds will remain on deposit for a full year at the stated rate. The Annual Percentage Yield calculations are based on the assumption that the dividends remain on deposit for a full year (shares) or until maturity (Certificates). A withdrawal will reduce earnings. Regulations prohibit dividends in excess of available earnings.

There is no penalty if the Certificate has reached maturity; the certificate redemption is within the 7-day grace period; the certificate has earned dividends withdrawn; or the member dies and Jessop CFCU receives proper verification.

Early Withdrawal Penalties

(a penalty may be imposed for withdrawals before maturity)

* If your account has an original maturity of one year or less: The penalty we may impose will equal the dividends earned since the date of issuance or 90 days, whichever is less.

* If your account has an original maturity of more than one year: The penalty we may impose will equal the dividends earned since the date of issuance or 270 days, whichever is less.