Investments

Setting goals is a great way to remain focused on saving routinely. At Service 1st, we offer great financial tools to help you reach those goals effectively.

All deposit accounts are federally insured up to at least $250,000 by the National Credit Union Share Insurance Fund (NCUSIF). This fund is administered by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government.

Certificates of Deposit

A Certificate of Deposit is an investment account where you agree to invest a set amount of money in the Credit Union for a pre-determined time period, or term. In exchange, you receive higher dividend rates than other Savings Accounts. Dividends are compounded and paid quarterly.

The minimum deposit for a CD is $500 and terms range from 6 months to three years.

Terms and conditions about Service 1st Credit Union's Certificates of Deposit are printed in the Disclosure & Agreement Form. There are penalties associated with early withdrawal from the Certificates of Deposit which is also disclosed at the time of investment and is disclosed in the Disclosure & Agreement Form. If you would like this detailed information, please contact the Credit Union.

Money Market Account

A Money Market Account is a great account for members not ready to lock funds in a Certificate of Deposit. This account allows you limited access to your funds in exchange for dividend rates higher than Share Savings Accounts. Plus, Money Market Accounts have tiered rates, meaning the more you have in your account, the more dividends you will earn. Dividends are paid monthly.

Money Market Accounts require an initial deposit of $2,500. Additional deposits can be made at any time. Withdrawals are limited to six per month and must be a minimum of $250.

Individual Retirement Account (IRA)

It’s never too early or too late to save for your retirement. An Individual Retirement Account (IRA) from Service 1st CU will help you start building or add to your existing nest egg. All three IRA options are available – Traditional, Educational and Roth.

IRAs are available as either Share Savings Accounts or Certificates of Deposit. CD terms range from six months to three years with a minimum $500 investment. Dividends are paid quarterly.

For more information on IRAs, contact the Credit Union online or call 813.621.9631 or 800.237.5567.