Planning for Your Financial Security

At The Southern Credit Union we care about your financial well-being. We want you to leverage the value of every paycheck and keep more of what you earn. Your financial security starts with your willingness to save, and The Southern offers a range of products that will help you get control of your finances, save for the future and build your personal worth.

Regular Share Savings

You establish your Credit Union membership by opening a Regular Share Savings account with an initial deposit of $25. Your continuing deposits in this savings account will help you prepare for emergencies, build a reserve for the future and improve your financial standing.

  • No monthly service charge
  • Interest is earned on balances of $100 or more
  • Dividends are compounded monthly and paid quarterly

The initial deposit of $25 is not a fee. It is an amount that must remain on deposit for the term of your membership, and if you terminate your membership the $25 is returned to you.

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Money Market Accounts

A Money Market account earns a higher interest rate than a Regular Share Savings account, and it offers the liquidity and flexibility of a checking account. You can use a Money Market Account to earn more interest on your savings while having access to your cash when you need it. Dividend interest is paid on a tiered basis, so the more you save the more you can earn.

  • Minimum amount to open and sustain an account is $2,500
  • Dividends are compounded daily and paid monthly

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Term Share Certificates of Deposit

Term Share Certificates of Deposit (CDs) earn the highest interest rate. Share certificates give you the opportunity to earn more interest on your savings by placing a specific amount on deposit for a specific term.

  • Minimum deposit amount is $500
  • Terms are available from 91-days to 5-years
  • Dividends are compounded quarterly and paid quarterly

The 91-day and 182-day certificates are simple interest certificates and dividends are paid at maturity and monthly respectively.

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Christmas & Vacation Club Accounts

Club Accounts are designed to help you save for predictable annual expenses, such as Christmas or a vacation.

  • No minimum to open
  • No monthly service charge

Consider a Club Account that is funded with a regular payroll deduction. You’ll earn interest while saving throughout the year, and the balance will be automatically transferred to your savings or checking account at maturity.

  • Annual pay-out for Vacation Club Accounts is May 1
  • Annual pay-out for Christmas Club Accounts is November 1

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