Deposit Accounts

Basic Checking

Open this account with no minimum deposit. Enjoy unlimited check writing, a debit/ATM card, and no monthly fee. 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. 

Eligibility for any overdraft line of credit 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 a $100 minimum to a $500 maximum 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 with no monthly maintenance fee. Check writing privileges, withdrawals, and transfers out of the account are unlimited. Enjoy free checks and a debit/ATM card with this account. Direct deposit and overdraft coverage is available with this account. Interest is compounded daily and posted on the last day of the month. The account holder forfeits interest earnings for the month when the account balance falls below $2,500 at any time during the month.

Eligibility for any overdraft line of credit 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 a $100 minimum to a $500 maximum for this checking account. See the Account Services section of this website for more information on overdraft coverage.

Open this checking account with an initial deposit of $25 or more. The Business Checking account is designed for the typical business, organization, or individual in need of a separate checking account to manage and track business activity. This account offers unlimited check writing, no monthly fee, and a debit/ATM card. 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. This account earns interest at the same rate as the Basic Checking account. A monthly maintenance fee is charged on this account. Contact the credit union for a copy of the fee card for details on transaction and maintenance fees.

Eligibility for any overdraft line of credit 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 a $100 minimum to a $500 maximum 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 no minimum deposit. This account offers unlimited check writing and a debit/ATM card. Direct deposit is available with this account. Overdraft coverage is not available with this checking account. Interest is paid on a daily balance of $100 or more. 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. Contact the credit union for a copy of the fee card for details on transaction and maintenance fees.  

Savings Account
Open this account with a minimum deposit of $25. Make up to two free over-the-counter withdrawals each month from this account without penalty. A fee will be charged for each over-the-counter withdrawal made on this account in excess of two per month. An inactive savings account is subject to an inactivity fee. Interest is compounded daily and interest earnings are posted on the last day of the month. This savings account must be maintained in order to open any other credit union account or to be eligible for loan consideration by the credit union. Contact the credit union for a copy of the fee card for details regarding transaction and maintenance fees.

A preauthorized transfer includes any arrangement you make with the credit union to pay a third party from your account including verbal and written notification, and electronic payments like Bill Pay or any other automatic or telephonic transfer.

Holiday Club Account
Open this popular deposit account with no minimum deposit. Make deposits into this account using payroll deduction, automatic transfer, or any other method throughout the year. Funds from this account will be automatically transferred into the credit union account of your choice on or around November 1 of each year. Penalties apply for early withdrawals outside of the period between November 1 and December 31. Interest is compounded daily and credited to the account on the last day of each month. Interest is earned at the Savings Account rate. Contact the credit union for a copy of the fee card for details on transaction and maintenance fees.

Term certificates renew automatically at 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 certificate to change the term length of the renewal certificate, and add or withdraw funds from the account without penalty. The account holder will receive a renewal notification two weeks prior to the maturity of the certificate. 

Note: On July 1, 2008, the credit union terminated its policy of allowing members to make additional deposits into a term certificate account during the term of the certificate. However, we continue to allow additional deposits into certificate accounts during the 10-day grace period after maturity.

Please be reminded that our new “grace period only add-on policy” for term certificates accounts applies to any new certificate opened after July 1, 2008. Members with term certificates issues before July 1, 2008, may still make deposits to those certificates at any time. Additionally, members with IRA certificate accounts may add funds to the IRA certificate account at any time.

Specialty certificates are available for depositors who want to support Self-Help’s environmental and/or childcare lending. Our environmental lending program is designed to fund small businesses that preserve natural resources and create opportunities for environmental businesses. Our childcare lending is designed to fund home and center based childcare providers. We also offer an Economic Development certificate for credit union members who choose to forego premium interest earnings in support of socially responsible lending.

• 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.

The National Credit Union Administration (NCUA), a U.S. government agency, federally insures credit union deposits up to $100,000. Retirement accounts are insured up to $250,000 by NCUA.