|
Share Accounts
|
Regular Share Accounts (Savings) -
-
Minimum balance of $10.00
-
Historically dividends have been paid quarterly
-
Payroll Deduction available
-
You can have more than one share account
Vacation Club -
-
Interest paid quarterly
-
Payroll Deduction available
IRA Accounts -
-
No minimum deposit
-
Payroll Deduction available
-
Interest rate fixed for 6 months
Deposit Accounts -
-
No minimum deposit
-
Payroll Deduction available
-
Interest rate fixed for 6 months
|
| |
| Members may save by mailing
in checks, cash deposits or through payroll deduction. There
is a limit of $100,000.00 insurance on your total accounts excluding IRA's
per member. |
| |
| Withdrawals are available
in person, by mail or over the telephone with proper identification. |
| |
| Rate of dividend is determined by the Board of Directors,
based on quarterly earnings and allowances for reserves. |
|
Accounts are insured by the National Credit Union
Administration.
(NCUA) A Government Agency |
See
Share Account Rates
Top
|
|
Life Savings Insurance
|
| |
| Life Savings Insurance
is provided to all eligible members of the Clarksburg Area Postal Employees
Credit Union at no additional cost to the member. |
| |
Every dollar you save,
UP TO $5,000.00 provides life insurance for you according to the following
scale:
-
Each $1.00 you save before age 55 provides $1.00 of life
insurance
-
Each $1.00 you save from age 56 to age 59 provides $ .75
of life insurance
-
Each $1.00 you save from age 60 to age 64 provides $ .50
of life insurance
-
Each $1.00 you save from age 65 to age 69 provides $ .25
of life insurance
-
No life insurance is provided on savings deposits made
on or after age 70
-
These amounts apply after six months of age.
Each $1.00 deposited for an infant under six months of age provides $ .25
of life insurance. This amount increases to 100% at the age
of six months, subject to the plan's maximum
|
| As long as your savings
are on deposit in your Credit Union, your life insurance remains in force.
In the event of your death, your joint owner receives not only your savings,
but also the the life insurance which your savings provided. |
| |
|
Individual Retirement
Accounts
|
| |
| The Clarksburg Area
Postal Employees Credit Union can help you build a solid future.
We're involved in IRA tax-sheltered planning to help our members build
financial independence. We can help reduce your tax liability
and help you start planning for a brighter future. We're ready
to help you take a bite out of taxes. |
| |
TRADITIONAL Or ROTH IRA-
The basic IRA plan is available to all members
will earn compensation with a maximum contribution of $4,000.00 annually.
|
| |
| Members may make a
lump sum payment at their convenience or may arrange payroll deduction
of their IRA contribution. |
|
See Choices for IRAs
|
| |
See
Annual Percentage Yield Rates
Top
|
| |
|
Miscellaneous Services
|
As a member of the
CAPE Credit Union, the services listed below and others are available to
you:
-
Notary Service free of charge
-
Direct Deposit of the Social Security and Pension Checks
-
IRAs
-
Valuable information on new and used vehicles
-
Dividends on Share Accounts
-
Deposit Accounts
-
Vacation Clubs
-
Christmas Clubs
-
Payroll Deduction
-
Share Certificates
-
Quarterly Updated Newsletters
-
Collateral, Signature and Vehicle Loans
-
First and Second Mortgages
-
Guaranteed Asset Protection
|
|
Top
|
|
|
| |
|
Membership
Information
If you are a postal or
federal employee, you are eligible for membership. Also eligible
are your parents, your spouse's parents, your children and your spouse's
children.
NOW, BROTHERS AND SISTERS,
SPOUSES' BROTHERS AND
CHILDREN OF POSTAL
AND/OR FEDERAL EMPLOYEES
HAVE BEEN ADDED TO OUR
FIELD OF MEMBERSHIP!!!
It takes just $10.00 to
open an account plus a one time $1.00 membership fee.
If you are a co-owner
on your spouse's account. that does not make you a member of the credit
union. You must have your own account to become a voting member. |
| |
| HOW TO JOIN:
Savings in a Credit
Union are called shares. To open a share account, a membership
application must be completed and a minimum of $10.00 deposited.
Your share account can never go below your initial $10.00 deposit.
A $1.00 membership fee must accompany your application. If
you are a postal employee or other government employee, you must have worked
for a minimum of three months to be eligible for membership. |
| |
| Once you are a member
of the Clarksburg Area Postal Employees Union, you are a member for life
unless you close your account. |
Top
|
| Updated 1/09/09 |
 WiseMarketing.Com
E-mail - info@wisemarketing.com |
