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Share Accounts
In today's economic environment, planning for your financial future is more important than ever. That's why Cedar Point Federal Credit Union has several savings plans and investment options to help you plan for the future.
Basic Shares
A $25.00 minimum deposit is required to open a basic share (savings) account. A competitive dividend rate is earned with an average daily balance of at least $100.00. You may open additional savings accounts (sub-share accounts) at any time. In addition, you will receive monthly statements on your accounts, with dividends paying quarterly.
Click here to view rate information
Savings Advantages
Your funds are insured up to $250,000.00* per member by the National Credit Union Administration (NCUA), a U.S. Government Agency. In addition, your basic savings may act as overdraft protection for your Cedar Point Federal Credit Union Share Draft (checking) account. Should you not have enough funds in your share draft account to cover a check, funds will automatically be transferred from your share account to cover the amount of the check. You are limited to six share overdraft transfers per month.
*The Helping Families Save Their Homes Act of 2009, signed into law on May 20, 2009,
continued an increased level of insurance coverage on all accounts of
up to $250,000 through December 31, 2013.
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