IBEW Local 56 Federal Credit Union was chartered in 1961 - Once A Member ... Always A Member

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Share Certificates

Rates are guaranteed for the life of the certificate.

  • Six month Share Certificate: dividends are paid upon maturity of the certificate, penalty for early withdrawal - 30 days loss of interest.
  • Twelve month Share Certificates: dividends are paid monthly and are deposited into the Regular Share account, penalty for early withdrawal - 30 days loss of interest.
  • Twenty-four and Thirty-six month Share Certificates: dividends are paid monthly and are deposited into the Regular Share account, penalty for early withdrawal - 90 days loss of interest.
Share Certificates Rates and Yields - Effective November 24, 2017
Description of Account Dividend Rate APY*
Share Certificates ($1,000 Min Deposit)    
12 Month - Pay monthly into Regular Share Account 0.25% 0.25%
24 Month - Pay monthly into Regular Share Account 0.50% 0.50%
36 Month -  Pay monthly into Regular Share Account 0.65% 0.65%
Share Certificates ($5,000 Min deposit )    
6 Month -   Pay at maturity into Regular Share Account 0.20% 0.20%
12 Month -  Pay monthly into Regular Share Account 0.35% 0.35%
24 Month -  Pay monthly into Regular Share Account 0.60% 0.60%
36 Month -  Pay monthly into Regular Share Account 0.80% 0.80%
Share Certificates ($25,000 Min Deposit )    
6 Month -   Pay at maturity into Regular Share Account 0.25% 0.25%
12 Month -  Pay monthly into Regular Share Account 0.45% 0.45%
24 Month -  Pay monthly into Regular Share Account 0.70% 0.70%
36 Month -  Pay monthly into Regular Share Account 0.95%

0.95%

Share Certificates ($50,000 Min Deposit)    
6 Month -   Pay at maturity into Regular Share Account 0.30% 0.30%
12 Month -  Pay monthly into Regular Share Account 0.55% 0.55%
24 Month -  Pay monthly into Regular Share Account 0.80% 0.80%
36 Month -  Pay monthly into Regular Share Account 1.05% 1.05
  • apy = annual percentage yield
  • fees or other conditions may reduce earnings
  • dividend rate & apy offered for term of certificate
  • apy may be lower if you withdraw funds before maturity
  • a dividend penalty may be imposed for early withdrawal
  • dividends will be deposited to regular shares
  • contact an employee for information about other applicable fees and terms

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