Deposit Accounts

Click on the account type to view the account description.

Scroll down to see each account description.

Basic Checking

Open this checking account with a deposit of $25 or more. Check writing privileges, withdrawals, and transfers out of the account are unlimited. Get a free debit card with this account. Direct deposit and overdraft coverage is available with this account. Interest is earned on a daily balance of $100 or more. Interest is compounded daily and interest earnings are posted on the last day of the month.

A tiered interest rate formula will pay a higher dividend rate on the portion of the balance of $2,500 or more than is paid on the balance portion of less than $2,500. Monthly maintenance fees may be assessed on this account. For specific information regarding transaction and maintenance fees you may contact the credit union to obtain a current list of fees.

Overdraft Coverage with Checking: Eligibility for overdraft coverage with this account is subject to the loan approval guidelines of the credit union. Eligible members may choose either an overdraft line of credit or overdraft transfer. With either option, overdraft funds will be accessed in the event of insufficient funds in the primary checking account. Overdraft lines of credit range from $250 to $2,000 for this checking account. See the Account Services section of this website for more information on overdraft coverage.

Open and maintain a daily balance of at least $2,500 and get a premium interest rate on the entire balance. Check writing privileges, withdrawals, and transfers out of the account are unlimited. Enjoy free checks and a debit card with this account. Direct deposit and overdraft coverage is available with this account.

Interest is forfeited for the month when the account balance falls below $2,500 at any time during the month. Additionally, a monthly maintenance fee will apply to any premium checking account with a balance of less than $2,500. Interest is compounded daily and posted on the last day of the month. For specific information regarding transaction and maintenance fees you may contact the credit union to obtain a current list of fees.

Overdraft Coverage with Checking: Eligibility for any overdraft coverage with this account is subject to the loan approval guidelines of the credit union. Eligible members may choose either an overdraft line of credit or overdraft transfer. With either option, overdraft funds will be accessed in the event of insufficient funds in the primary checking account. Overdraft lines of credit range from $250 to $2,000 for this checking account. See the Account Services section of this website for more information on overdraft coverage.

Open this checking account with a deposit of $25 or more. Interest is earned on a daily balance of $100 or more. This account offers unlimited check writing and a debit card, and is designed for the individual in need of a separate checking account to track small business activity. Direct deposit and overdraft coverage is available with this account. Interest is compounded daily and interest earnings are posted on the last day of the month. This account earns interest at the same rate as the Basic Checking account. A monthly maintenance fee is charged on this account. For specific information regarding transaction and maintenance fees you may contact the credit union to obtain a current list of fees.

Overdraft Coverage with Checking: Eligibility for any overdraft coverage with this account is subject to the loan approval guidelines of the credit union. Eligible members may choose either an overdraft line of credit or overdraft transfer. With either option, overdraft funds will be accessed in the event of insufficient funds in the primary checking account. Overdraft lines of credit range from $250 to $2,000 for this checking account. See the Account Services section of this website for more information on overdraft coverage.

Nonprofit Organization Checking
Open this checking account with a deposit of $25 or more. Interest is paid on a daily balance of $100 or more. This account offers unlimited check writing and a debit card. Direct deposit is available with this account. Overdraft coverage is not available with this checking account. Interest is compounded daily and interest earnings are posted on the last day of the month. This checking account earns interest at the same rate as the Basic Checking account. A monthly maintenance fee is charged on this account. For specific information regarding transaction and maintenance fees you may contact the credit union to obtain a current list of fees.

Savings Account 
Open this account with a minimum deposit of $5. Make up to two free over-the-counter withdrawals each month from this account without penalty. Interest is compounded daily and posted on the last day of the month. A fee will be charged for each over-the-counter withdrawal made on this account in excess of two per month. Account inactivity of 12 months or more will result in a quarterly dormancy fee. For specific information regarding transaction and maintenance fees you may contact the credit union to obtain a current list of fees.

Youth Savings Account

This is a custodial savings account for minors up to 13 years of age. The minor is the primary member, and the designated parent or guardian is the adult custodian of the account. The minor gains access to the funds upon reaching adult age (at least 18 years of age). Until that time, funds in the account are controlled by the adult custodian. Open the account with a deposit of $5 or more. Make additional deposits of any amount at any time. This account earns dividends at the same rate as the regular/basic savings account of the Credit Union. Free withdrawals from this savings account are limited to two per month. Additional withdrawals will incur a fee. An ATM or debit card is not available with this account. Overdraft transfer may not be linked to this account.

When opening this account, fill out the credit union membership application along with the separate custodial account form of the Credit Union, and use the UTTMA/UGMA designation. For specific information regarding transaction and maintenance fees you may contact the credit union to obtain a current list of fees.

Money Market Account

Open and maintain this deposit account in the amount of $500, or more, and earn a preferred interest rate on the account balance. Add funds to the account at any time. Make up to six free withdrawals or transfers per month. Each withdrawal above the monthly limit of six is subject to an excessive transaction fee, which will be deducted from the account. An account maintenance fee is charged when the account balance falls below $500. Interest is compounded daily and posted to the account on the last day of each month. For specific information regarding transaction and maintenance fees you may contact the credit union to obtain a current list of fees.

Holiday Club Account

Open this popular savings account with no minimum deposit. Save for the holidays by making deposits into the account throughout the year. Make deposits using payroll deduction, automatic transfer, or any other deposit method. Each year, funds in the account will be available for a lump-sum withdrawal between November 1 and December 31. As a withdrawal option, have your Holiday Club funds automatically transferred into any other deposit account you hold at the Credit Union. Automatic transfer payouts are done once a year within the penalty-free withdrawal period.

Early withdrawal penalties do apply for any withdrawals made from this account outside of the authorized withdrawal period. Dividends are earned at the regular savings account rate. For specific information regarding transaction and maintenance fees you may contact the credit union to obtain a current list of fees.

Custom Club Account

Save during the course of the year for vacation, home improvements, anniversaries, tuition, or whatever you decide, and you set the withdrawal period for this savings account. Each year, funds in the account will be available for a lump-sum withdrawal during the period you’ve set, or have the funds automatically transferred into any other deposit account you hold at the credit union. The penalty-free withdrawal period may occur only once a year.

Open this account with no minimum deposit. Make deposits into the account throughout the year using payroll deduction, automatic transfer, or any other deposit method.

Early withdrawal penalties do apply for any withdrawals made from this account outside of the authorized withdrawal period. Dividends are earned at the regular savings account rate. For specific information regarding transaction and maintenance fees you may contact the credit union to obtain a current list of fees.

Term Certificate

This premium interest rate deposit account requires a minimum deposit of $500, and a minimum certificate period of three months. Certificate periods include 3, 6, 12, 24, 36, 48, and 60 month terms. The interest rate is fixed for the duration of the term. Interest is compounded daily and credited to the account on the last day of each month. Penalties apply for early withdrawal. Contact the credit union for additional information on transaction and maintenance fees.

Term certificates renew automatically at the same term length as the newly mature certificate (known as a “rollover”). The primary member has a 10-day grace period after the maturity date of the certificate to add funds to the account, change the term length of the renewal certificate, and add or withdraw funds from the account without penalty. The primary member will receive a renewal notification two weeks prior to the maturity of the certificate. 

Specialty Certificates:  “Green” and “Women and Children” certificates are available for depositors who want to show their support for Self-Help’s environmental lending and lending that supports many aspects of women’s lives. These term certificates are governed by the same terms and conditions as our other term certificates. We also offer an Economic Development term certificate for credit union members who choose to forego premium interest earnings in support of socially responsible lending.

Individual Retirement Account

This is a retirement savings plan that allows you to make tax-deductible or tax-deferred contributions to the account. The credit union offers Traditional, Roth, and Coverdell Education IRAs. Account holders have the option of earning interest on the IRA through a savings account or term certificate.

Tax-deferred dividends are paid monthly on the daily balance. Your credit union IRA is insured up to $250,000. The account holder may withdraw funds from the IRA without penalty beginning at 59.5 years of age. The IRA term certificate must reach certificate maturity before funds can be withdrawn without penalty, regardless of age. Consult with a tax professional for specific information about IRA tax advantages. U.S. government penalties apply for early withdrawals of IRA funds. Speak with a credit union representative for more information about opening an IRA.

IRA Savings
The minimum deposit required to open an IRA savings account is $25. The IRA savings account carries a variable interest rate that is subject to monthly adjustments. Once a month, the IRA savings account interest rate will adjust to match the interest rate of the credit union’s 12-month term certificate on the day of adjustment. It is possible to convert from an IRA savings account to an IRA term certificate at any time.

IRA Term Certificate

The minimum deposit to open an IRA term certificate is $500. IRA term certificate rates are fixed       for the duration of the certificate term length. Available terms range from 1-5 years (3 and 6 month IRA term certificates are not available). Certificate term lengths are renewable upon the maturity of the term certificate, throughout the life of the IRA. The IRA term certificate will automatically renew at the new interest rate, and for the same term length as the newly mature certificate (known as a “rollover”). The account holder has a 10-day grace period after the maturity date of the term certificate to add funds to the account, change the term length of the renewal certificate, or convert from an IRA term certificate to an IRA savings account, without penalty.

The credit union does permit funds to be added to an IRA term certificate at any time during the term of the certificate provided the add-ons comply with the contribution limits and other rules and regulations of the IRA. This "add-on" provision does not apply to regular term certificate accounts.

The National Credit Union Administration (NCUA), a U.S. government agency, federally insures credit union deposits up to $250,000.