Savings Account
Five Star Checking
The Five Star Checking account is one with added perks. Eligibility in this program will provide two free orders of “safety paper” checks per year. Participants may also receive rate benefits on loan and savings products as well as other promotions. To receive the benefits of Five Star Checking, a member must have a monthly Direct Deposit or ACH of at least $400, a debit card, online banking, receive e-statements and a month-end balance of $5,000 (this figure will be determined by adding together the balances of shares, checking, money market accounts and super shares). If you wish to enroll in this program, complete the Five Star Checking Account Agreement and return it with your deposit.
SUPER SHARE
Vacation Club
The Vacation Club is another type of savings account. This account earns interest and there is a $10.00 minimum deposit. This account allows you to put money in a separate savings account that only allows two (2) withdrawal’s per calendar year. If you should want to make more than two (2) withdrawals, you will be assessed a $10.00 fee per withdrawal. Once this account is opened it will automatically renew each year unless we are notified in writing. In order to open this account, complete the Vacation Club Application and forward to the credit union. You may start this account any month of the year.
IRA Certificates
Individual Retirement Account certificates comply with federal guidelines and policies as well as credit union certificate policies. IRA certificates are available in multiple terms. There is a $2,000 minimum balance for opening an IRA certificate. Early withdrawal from the certificate results in a penalty of 180 days interest on the amount of the withdrawal being assessed as well as any federal penalty that may apply. At least ten (10) days prior to maturity, you will be notified the certificate is maturing. The IRA certificate will automatically renew at the same term as the maturing certificate and the current rate unless notified in writing with complete instructions to do otherwise. We offer shares, 1 year, 2 year, 3 year, and 5 year share certificate. As with all StarUSA share accounts dividends accrue daily and post monthly to the account. The member receives a quarterly statement on the accounts. Individual Retirement Accounts are insured to $250,000.
Silver Star 55+ Checking
The Silver Star Checking program is an account for members at least 55 years of age. Eligibility in this program will provide two free orders of “safety paper” checks per year. Participants may also receive rate benefits on loan and savings products as well as other promotions. You must be at least 55 years of age and have a month-end balance of $3,000 (this figure will be determined by adding together the balances of shares, checking, money market accounts, super shares and IRA’s). Qualifying members must also have a monthly Direct Deposit or ACH of at least $400 as well as a debit card, online banking and receive e-statements. If you wish to enroll in this programs, complete the Silver Star Checking Account Agreement and return it with your deposit.
Holiday Club
The Holiday Club is another type of savings account. This account earns interest and there is a $10.00 minimum deposit. The Holiday Club is separate from your regular share/savings account and withdrawals are only made on November 1st of each year. You may make deposits throughout the year and then on November 1st we will apply the money to your share/savings or share/draft checking account. This account will also renew each year unless we are notified in writing. If you should need to make a withdrawal before the November 1st disbursement date you will be assessed a $10.00 fee for each early withdrawal. In order to open this account, complete the Holiday Club Application and forward to the credit union. You may start this account any month of the year.