Share
Certificates
Saving money? In this current economic climate? Absolutely!
Here’s the deal with the present-day economy, as well as any other economy:
you don’t have to rely on market fluctuations to ensure the growth of your savings. Instead, you can opt for a share certificate, which guarantees a safe and reliable method for increasing your funds over time.
HOW DO SHARE CERTIFICATES WORK?
A share certificate is a type of investment that is offered by credit unions, while banks offer a similar investment called a certificate of deposit (CD). When you open a share certificate, you agree to leave your money in the account for a specific term in exchange for earning interest.
WHY CONSIDER A SHARE CERTIFICATE WITH A CREDIT UNION?
There are many benefits of opening a share certificate account with a credit union, but in addition, a credit union may also be ideal for all of your banking needs!
Better Rates
Credit unions usually offer higher interest rates than banks on their share certificates. This is because they’re non-profit organizations. They don’t have to earn a profit for investors, which allows them to pass the savings on to their members with the best rates and the lowest fees.
Personalized Customer Service
With a credit union, you aren’t just another customer. You’re one of its owners. This is why credit unions have a reputation for superior member service. Their primary focus is making sure their members’ needs are taken care of.
Community Focus
Credit unions often work closely with their communities to serve their needs. Whether you live in Allegany County MD, Garrett County MD, Washington County MD, Hampshire County WV, Mineral County WV, Bedford County PA, or Somerset County PA, ACT 1st Federal Credit Union is locally operated. Instead of having a headquarters that is located far away, decisions are made locally.
Variety of Services Offered
Credit unions offer many of the same services that banks offer. In addition to share certificates, they also offer:
◦ ATMs
◦ Credit cards
◦ Various loans
◦ Other services
