Oakland University Credit Union

Certificates

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Certificates

Description

OU Credit Union Certificates earn higher, fixed dividends while still receiving up to $250,000 in NCUA insurance on your funds.

Details

• No monthly or maintenance fees
• Open a Certificate with as little as $50 for a 1-Year Add-On Certificate or $500 for all other terms
•Flexible terms to suit your savings needs
•Funds are insured for up to $250,000 by the NCUA

1-Year Add-On Certificate

1-Year Add-On Certificate may be opened with as little as $50 and allow you to add funds at your convenience. A single member may add up to $10,000 total to the sum of all 1-Year Add-On Certificates per year. For example, if a member had five (5) 1-Year Add-On Certificates, any combination of amounts up to $10,000 could be added to each certificate, but the total additions to all certificates must not exceed $10,000 per member, per year.

How to Open

Login to ComputerLine, select Manage from the top menu, and click Add a Certificate under the Create or Modify Accounts section.

Reviews

134 Member Reviews

	(122)
	(8)
	(2)
	(1)
	(1)

105 reviewers recommend this product

Rate this Product

Great

Easy to use in conjunction with the savings and checking accounts.

August 2018

Helpful? 0

Awesome!

Love that you can add on to this certificate!

July 2018

Helpful? 0

Great

May 2018

Helpful? 0

Easy peasy

May 2018

Helpful? 0

Simple and accessible investment

Seeing a few more cents per month seems small at first, but using the move money feature in the MSUFCU app, plus an automatic deposit each month, has added to my interest payments. This is a good way to start investing with the flexibility to continue to grow further by making unscheduled deposits.

May 2018

Helpful? 2

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Disclosures

Certificate rates are fixed for the term of the Certificate at the time the Certificate is opened. Additional deposits may not be made to Certificates other than the 1-Year Add-On Certificate. Up to a total of $10,000 may be added to a member's 1-Year Add-On Certificate(s) each year. However, regardless of the number of 1-Year Add-On Certificates a member may hold, the total of all funds added to the 1-Year Add-On Certificate(s) cannot exceed $10,000 per member, per year. Additional deposits do not change the Certificate's maturity date or rate. The earnings assume that the funds remain on deposit for the term of the Certificate and are compounded monthly.

Early withdrawal penalties:

Terms of one year or less: Penalty is equal to 90 days dividends, based on amount withdrawn.

Terms of more than one year: Penalty is equal to 180 days dividends, based on amount withdrawn. If the dividend is not sufficient to cover the penalty, the principal amount will be reduced to cover the penalty. Early withdrawal penalties will not be charged in cases of withdrawal due to disability or after death of an owner of the Certificate.