Share Accounts
Savings at Brokaw Credit Union are called "SHARES." Each $5.00 deposit is one share. Dividends are computed daily and paid quarterly on balances above $25.00.
To maintain your Credit Union membership and use of other services, at least one primary "share" must be on deposit.
You may choose the kind of share account that suits you; an individual account, a joint account for two or more people, a marital property account, or for minors, a custodial account. You may have the convenience of payroll deduction or direct deposit - no standing in line. Share accounts are insured up to $100,000 by the NCUA.
Money Market Share Account
Take advantage of a higher rate of return with convenient, no-penalty access to funds! A Money Market Share Account requires a minimum deposit of just $2,500. The rate is variable and dividends are paid monthly. The account is tiered, so the more you save, the more you’ll earn! Deposits and withdrawals must be a minimum of $250. It’s a wonderful way to maximize earnings on liquid funds!
Christmas Club Accounts
Ho! Ho! Ho! And a-shopping you will go! Save ahead for the holidays by making regular payments to a Christmas Club. Something as small as $20 a paycheck can accumulate to a tidy sum of more than $480! A $10.00 fee is imposed for any withdrawals made in any month other than October. So don’t get caught off guard again. Start a Christmas Club account today.
Voluntary Escrow Accounts
Be ready for those inevitable tax and insurance payments. Open an Escrow Account and begin saving today. Add convenience by making your regular deposits on Direct Deposit, Payroll Deduction, or Rapid Transfer!
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