Savings Accounts

Regular Savings

When you become a member of the credit union, a savings account is opened in your name. An initial deposit of $1.00 is required. All members must maintain a $1.00 balance in their savings account to remain a member and demonstrate regular activity in their account to keep it open.

Other features of Regular Savings include:

  • A competitive interest rate paid quarterly on the average daily balance in your savings account

  • Withdrawals: To withdraw money from your savings account, simply stop by the credit union or call our office. Members may make up to two savings withdrawals per month free of charge. After two withdrawals in one month, a $5.00 charge per excessive withdrawal is applied

  • Quarterly statements by mail or electronically

  • Payroll deduction: You may have deposits to your savings account deducted directly from your paycheck

Special Savings

At Memorial Health branch of CORE Credit Union, you can open a Christmas Club Account and save for that special time of year.

Features included in the VACATION or Club Account:

  • No minimum balance required

  • Access online

  • Quarterly statement – e-Statement option

  • Payroll deduction for convenient automatic deposits

  • Deposits at the main office or by mail

Share Certificates

You can open a Regular Share Certificate with a minimum balance of $500.00. Certificates are available with terms of 3 months to 60 months.

Features of our Share Certificates INCLUDE:

  • A fixed dividend for the term of the certificate

  • Competitive dividend rates. Offered rates may change periodically

  • Substantial penalties for early withdrawal. The penalty is three months’ dividends if under 24 months or less, whichever is smaller. If 36-60 months then a six month penalty will apply.