Savings Account

Share Draft/Checking
with VISA Debit & ATM Access

Share Draft (the Credit Union version of a checking account) has no minimum balance and has no monthly service fees. You have the option of a VISA Debit Card that allows you to make cash withdrawals from ATM’s and can also be used anywhere that accepts VISA to take the place of a check. To open a Share Draft/Checking account simply complete the Share Draft Account Agreement and the Debit Card Application and Agreement and provide proper identification.

Share/Regular Savings

Share/Regular Savings is an interest bearing account that works like a basic savings account. You must have this account opened to be eligible for any of the other services we offer. This account requires an initial $5.00 deposit and the account must maintain a $5.00 balance at all times to keep the account open. You may make deposits and withdrawals with this account. The withdrawals are limited to four (4) per month and then a fee will be assessed. Other fees may apply. To open a Share/Savings account you need to complete the Account Card and send along your initial deposit of $5.00 and provide proper identification.

Five Star Checking

The Five Star Checking account is an account with added perks. With this account you will be offered free notary service, local fax (limit 2 per month), addition of .15% to any new certificate, and two orders of free “safety paper” checks per year. This account requires you maintain an average combined monthly balance of $3,000 (this figure will be determined by adding together the balances of shares, checking, share plus, and super shares). If the aggregate account balance falls below $3,000.00, a monthly fee of $6.95 will be assessed. Must maintain an active checking account with a payroll deposit, regular monthly ACH deposit, or 15 transactions per month. To open a Five Star Checking account complete the Five Star Checking Agreement and return to us with your deposit.

Super Share

The Super Share account is an interest bearing account that is similar to a Regular Share account, however it earns a higher dividend rate than the Regular Share account. This account requires a minimum balance of $1,500.00. If the balance falls below the $1,500.00 minimum the account will be closed and the money will be transferred to a regular share account. The account is limited to three free withdrawals per month. After the first three free withdrawals, a fee of $5.00 will be assessed. To open a Super Share account complete the Super Share Account Agreement form and return it to us with a minimum deposit of $1,500. We can also transfer the minimum deposit from your regular share or draft account to open the account.

Share Plus

The Share Plus account is also an interest bearing account that is similar to a money market account. The Share Plus account earns a higher interest rate than the traditional share/savings account. This account requires a minimum balance of $2,500 and also requires a thirty (30) day written notice to make a withdrawal from the account. If you do not wish to give the required notice you will be penalized thirty (30) days interest on the amount of money you withdraw. To open a Share Plus account complete the Share Plus Account Agreement and send with our minimum deposit of $2,500 or we can transfer from your regular Share account to get the account opened.

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.

Share Certificates

The Share Certificates are savings program that is similar to Certificates of Deposit (CD’s). The certificates can have a 3 month, 6 month, 1 year, 2 year, 3 year, or 5 year term each having a minimum deposit of $1000.00. The dividends are accrued daily and posted monthly. You have the option of applying the dividends back to the principal or paid to your share account. The certificate may be pledged as collateral security for a loan or loans from the Credit Union. Should you need to make a withdrawal from the certificate prior to maturity you will be accessed a penalty of 180 days interest on the amount you withdrawal. Once the Certificate is about to reach maturity you will receive at least ten (10) days notice prior to maturity. The certificates will automatically renew for the same or like term upon maturity. A seven (7) day grace period is available after maturity. During this seven (7) day period, funds may be withdrawn from the maturing account without the assessment of an early withdrawal penalty. To open a Share Certificate complete the Share Certificate Policy and Share Certificate Agreement and forward to the Credit Union. You may either send a check, transfer from your regular account, or transfer from your Share Plus with NO penalty.

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 account is an account with added perks similar to the Five Star Checking. With this account you will be offered free notary service, local fax (limit 2 per month), an addition of .15% to any new certificate, and two boxes of free “safety paper” checks per year. This account requires you to at least be 55 years of age or older. In addition, you must maintain an average combined monthly balance of $2,500.00 (this figure will be determined by adding together the balances of shares, checking, share plus, super shares, and IRA’s). If the aggregate account balance falls below $2,500.00, a monthly fee of $5.95 will be assessed. You must maintain an active checking account with a payroll deposit, regular monthly ACH deposit, or 15 transactions per month with Star USA. To open a Silver Star Checking account complete the Silver Star Checking 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, compete the Holiday Club Application and forward to the credit union. You may start this account any month of the year.