These deposits are your membership in the credit union. Minimum $5 per owner required. Dividends are paid on an average daily balance on the last day of each quarter.
Traditional, ROTH, and Educational IRAs are offered. Deposits made between January 1 and April 15 (tax deadline) may be applied to the current year or the previous year. If the deposit should be applied to the previous year, a contribution direction form must be completed. Dividends are paid on an average daily balance on the last day of each quarter.
Christmas Club Account
Deposits are accepted throughout the year. During the first week of November, the credit union sends you a check for the funds from the account, just in time for the Holidays. A withdrawal from the account requires that the account be closed until funds have been disbursed for that year. Dividends are paid monthly on an average daily balance.
Sammy the Saver
Share accounts for members up to age 12. Each $5.00 deposit earns 1 Sammy dollar to be used to purchase items from the Sammy Store.
Money Market Accounts
Initial deposits must be $100.00 or more. Limited to six (6) withdrawals per month. Subsequent deposits must be $100.00 or more. Dividends are paid monthly on an average daily balance.
Offered for varying terms with a minimum balance of $500.00. Early withdrawal penalties do apply. (see disclosure) Dividends are paid on an average daily balance on the last day of each quarter.
Summer Club Account
Deposits are accepted all year. In mid-August the credit union sends you a check for the funds in the account. A withdrawal requires the account to be closed until after that year’s Summer Club checks have been sent. Dividends are paid monthly on an average daily balance.
golden share accounts
For members age 60 and over.
News & Resources
A Credit Union is a financial institution that is owned and governed by the members. Unlike a standard bank, any profits can be given back to credit union members in the form of lower fees and higher savings rates. Many credit union members like that their savings...
We hope that 2021 will be a great year for you and for Vocal! We continue to take the COVID 19 crisis very seriously and do not plan to reopen up the lobbies until a vaccine is available to the general public. It is imperative to us that we keep the staff safe so that...
Vocal Credit Union is proud to offer a Home Equity+ hybrid loan option that is particularly useful for families and young adults who have built equity in their first homes, and are looking to pay off their homes faster.