 |
 |
|
|

Savings Bonds
6 Great Reasons to Buy Bonds
- Easy to Buy -- available at your credit union.
- Safe and Secure -- backed by the full faith and credit of the U.S.
- Market – Based Investment -- series EE bonds you buy today will earn market-based rates for 30 years.
- Liquid Long-term Investment -- your investment will grow for 30 years, but can be cashed anytime after six months.
- Tax Advantages -- bonds are exempt from state and local income tax.
- Bonds are Good for America -- money invested in savings bonds directly helps finance our country’s borrowing needs.
Series EE and Series I are the most common types of bonds. Series EE are purchased at half the face value and can take up to 18 years to mature. For example a $50 bond will cost $25, but at maturity will be worth $50. Series I bonds however, are purchased at face value and the value increases as it earns interest. Bonds can be purchased in the following denominations: $50, 75, 100, 200, 500, 1000, 5000 and $10,000.
Current rates and more information on savings bonds are available on-line at www.publicdebt.treas.gov/sav/sav.htm
Safe Deposit Boxes A safe place to store your valuables and important papers
Safe deposit boxes are safe and secure places to keep valuable personal items but they are not fire nor flood proof. Vaults are fire, flood, and heat "resistant". Your box contents are not insured by the credit union. Ask your insurance agent about available options to insure the contents of your safe deposit box.
- The Rapid City and Winner offices have Safe Deposit Boxes for rent.
- All boxes are 22" deep and box sizes, in inches, are 3 x 5, 3 x 10, 5 x 10, 10 x 10.
- Annual rental fees are automatically withdrawn from your savings or checking account on January 1st each year.
- Private viewing areas are provided for our members.
Please contact us for availability:
Direct Deposit
Never hands you a line
Direct Deposit is the easy way to deposit your paycheck. Instead of receiving a written check that you must personally bring to the credit union, your pay is electronically transferred from your employer right to your Credit Union account. Social Security and other government checks can also be direct deposited. There’s no standing in line and no reason to make a special trip to the Credit Union. In addition there’s the extra safety feature of not having your check lay in your mailbox where it could be stolen or lost on it’s way to you. Your money starts earning a dividend right away. Here’s six good reasons for using direct deposit:
- It’s free.
- It’s easy.
- It’s safer.
- It’s a time-saver.
- It’s a money-maker and money-saver.
- If you change your mind, you can always get back in line.
Signing up is easy:
- Find out if your employer offers direct deposit.
- If so, ask for an enrollment form, usually available through your human resource department. Complete it and return it to your employer.
- Or, ask a Credit Union Member Service Representative for an enrollment form, fill it out and return it to your payroll department. Direct Deposit usually begins with 30 days.
Payroll Deduction
The easy way to save money.
Save money the easy way – through payroll deduction. Most employers have a payroll deduction program, which allows employees to have a portion of their pay sent directly to the Credit Union. You can even arrange to have your loan payments or Christmas Club account deposits made through payroll deduction.
If you already have Direct Deposit at the Credit Union we can automatically transfer money to your savings account each payday. Just let us know how much you’d like transferred and to what account.
Check with your employer about signing up for payroll deduction or inquire at the Credit Union.
|
 |