A Share Certificate is a bond-type investment issued by TVFCU when you deposit a certain amount of money for a determined amount of time. Share Certificates are available for terms of nine months, twelve months, and two years or three years. The minimum balance for all the Share Certificates we offer is $500.00. A penalty may be imposed for early withdrawal.
Dividends are paid on the last business day of the month, as per the terms of the individual certificate.
Why a Share Certificate is a good investment
- Competitive rates
- Not volatile like stocks or stock based funds
- NCUSIF insured (National Credit Union Share Insurance Fund – NCUSIF is comparable to FDIC)
- Various maturity terms
