To become a member owner of Old Ocean, you simply need:
*Dividends paid are based on average daily balance, compounded and credited monthly.
So, what is a share certificate exactly? Similar to a certificate of deposit from a traditional bank, a share certificate lets you earn higher dividends on your savings without the risk of loss. Your deposit is insured by the NCUA and you can choose from different terms to maximize your earnings. With just a $1,000 deposit (or more), you can choose a term that works for you. Then, you’ll be able to reach your savings goals faster with dividends paid monthly based on your average daily balance.
We’re here to help you with your day-to-day money questions but that’s not all. With Old Ocean Federal Credit Union, your long-term plans are also a priority. Let us help you plan for your retirement with an IRA. Similar to a Share Certificate, this retirement account lets you set aside pre-tax dollars to enjoy in your later years. These tax exempt dollars** are a smart way to build your retirement savings.
**Penalty is applied to early withdrawals or transfers between accounts before maturity
When you’re starting out, your goals and needs are different. The Rising Star Checking account at Old Ocean FCU was created with our younger members in mind. If you are between the ages of 16 and 24†, you qualify to open a Rising Star Checking Account. The Rising Star Account is designed to help you establish yourself financially. The account provides flexibility, with reduced opening account requirements. Other benefits of the account include:
If you qualify and are interested in opening a Rising Star Checking account or even converting another type of account to the Rising Star Checking Account, please call a Member Relations Representative and start saving money today!
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