To establish membership with Cherokee Strip Credit Union, an individual is required to open a share (savings) account, an account that earns dividends which are paid monthly and are computed on an “average daily balance” basis. Deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government NCUA (National Credit Union Administration), a U.S. government agency.
Benefits:
- $5 minimum deposit into a share savings account serves as your membership to open an account.
- Receives quarterly statements (monthly if a member has a checking account or electronic transaction on their account.
- Fee notifications by mail or email (if member has email address on file, they will receive email notifications)
- Two free teller checks per month
- Night deposits are normally posted Mon-Fri by 9:00 a.m.
| Savings Rates - Effective Wednesday, March 27, 2024 |
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Account Type | APY | Minimum Deposit | Minimum Balance |
| PRIME MONEY MARKET | 0.4% | $2,000 | $0 |
| PRIME MONEY MARKET | 3.09% | $2,000 | $25,000 |
| PRIME MONEY MARKET | 3.09% | $2,000 | $100,000 |
| PRIME MONEY MARKET | 2.58% | $2,000 | $250,000 |
| PRIME MONEY MARKET | 2.32% | $2,000 | $500,000 |
| PRIME MONEY MARKET | 1.82% | $2,000 | $1,000,000 |
| CHRISTMAS CLUB | 0.04% | $0 |
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| SECONDARY SAVINGS | 0.04% | $0 |
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