Certificates of Deposit

We offer Share Certificates of Deposit at great rates and a variety of terms. This is a very dependable way to save. The conditions include:

Please contact your local Credit Union for futher questions and to purchase a share certificate today.

Click here to use the Fergus Savings Calculators.

  • $500 minimum deposit
  • penalties for early withdrawal
  • 3 month to 5 year certificates

Holiday Club Account

Save for Christmas or vacation with our Holiday Club account. It earns dividends monthly at a higher rate than regular shares and assures you funds when you need them most.

  • Requires a $25 balance to open
  • Dividends are paid monthly
  • Can withdraw only during the months of November and December
  • No minimum balance
  • $2500 maximum limit

Click here to use the Fergus Savings Calculators.

Individual Retirement Accounts (IRA)

IRAs are an excellent way to plan for the future. In many cases your funds are tax deductible, and dividends earned are tax deferred. We offer two types of IRA accounts:

  • Share
  • Certificate

Planning for your future? It's never too late or too early to begin planning for your retirement, and we can help you with this! What is an IRA? An IRA is a tax deferred plan which allows a wage earner to make contributions into a saving plan and pay no taxes on the earnings until they are withdrawn. You can open an IRA, or deposit up to $5500 into an existing IRA for the previous tax year any time before April 15. Advantages Tax Deductions You may be eligible for a tax deductible IRA if you meet specific requirements set by the Internal Revenue Service. Consult the IRS or your tax advisor for specific guidelines. Tax Deferred Earnings The earnings on your IRA accumulate, tax-deferred, until you withdraw them. (Tax-deferred income earnings in an IRA will add up to significantly more than the same amount invested in a similar, but taxable account. Types of IRA's Available:

  • Share IRA - Open with a minimum of $100.00
  • Certificate IRA - Open with a minimum of $500.00
  • Roth IRA
  • Education IRA<

Kid's Club Account

The Kid's Club Account is an excellent way to start your children on good financial practices. Kid's club is open for any child ages newborn to 14. It has a $10.00 startup balance. Your child will receive special incentives, birthday cards, and special share certificates.

Try our Fergus Savings Calculator and see how easy it is to save for your child's education.

Money Market Accounts

Our money market account offers easy access to your money with higher yielding interest.

  • Dividends paid monthly
  • Can make withdrawals anytime
  • Offers more flexibility and liquidity then a certificate account.
  • Dividend amounts are progressive depending upon tier
  • No minimum balance after opening

***If you carry a balance under $2500.00 then you don't earn any interest, and if you carry a balance over $10,000.00 you earn a higher rate. Call the credit union to obtain our current money market rates and balance requirements.

Click here to use the Fergus Savings Calculators.

Share (Savings)

The basic regular savings account is required to open and maintain membership in the credit union

YAP (Young Adult Program)

  • A program for kids ages 14-18
  • Opened with $25.00
  • Sharedraft Account - Young Adults learn how to be financially responsible!
  • School Logo Sharedrafts
  • Special Share Certificates
  • Visa Credit Card
  • ATM & Debit Card