Savings

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 Friday, February 21, 2020
APYMinimum
Deposit
Minimum
Balance
SECONDARY SAVINGS0.040%$0.00$0.00
CHRISTMAS CLUB0.040%$0.00$0.00