Share Certificates

- Chemcel Federal Credit Union offers a variety of Share Certificates to its membership. All Share Certificates require a minimum deposit of $1,000.00.

- Dividend rates are set weekly. Dividends can be computed using simple or compound interest and are paid monthly by check, or to the certificate, or by automatic deposit to a member's Regular Savings account or Money Market account.

- Members are notified in writing three weeks prior to maturity of a Share Certificate. Upon maturity, a member may choose a lump-sum payment, or a rollover of the funds into a new certificate. If no notice is given by the member, on or before the maturity date, the certificate will automatically renew.

- No partial withdrawals on Share Certificates are allowed. Penalty for early withdrawal of a Share Certificate is three months worth of dividends. We have terms for 6, 12, 24, 36, 48 and 60 months.

- Statements are mailed quarterly and all accounts are federally insured up to at least $100,000.00

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