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Savings


Savings

Your opening deposit of $5 or more into a NW Priority Credit Union Savings account not only establishes your lifetime membership, it also gives you the opportunity to take advantage of additional NW Priority Credit Union financial services.

  • Minimum opening deposit $5.
  • ATM card available.
  • Deposits can be made in person, by mail or electronically through Direct Deposit, payroll deduction or automatic transfers from other accounts.
  • You can access your account by ATM, in person or by calling Quick Teller, our audio response system.
  • You will earn the Money Market rate on balances over $5,000. All savings below $5,000 will earn the Regular Savings rate.

Excess Share Insurance

Your credit union joined an elite group of financial institutions that provide insurance coverage beyond the typical $250,000 for share savings accounts. Through our affiliation with the Excess Share Insurance Corporation (ESI), a licensed property and casualty insurer, we are now able to provide an additional $250,000 of coverage, for a total of $500,000 in protection for your regular savings accounts. Joint, retirement and certain other account relationships are insured separately and are subject to other federal guidelines, and also qualify for this supplemental coverage.

This exceptional coverage is available only to those credit unions meeting ESI’s strict underwriting requirements and high standards of performance. Our approval for the program reaffirms our position as a leading financial institution in your community.

For more information about the protection on your accounts, please contact the credit union. You can also visit ESI on the Internet at www.excessshare.com.

All accounts are federally insured up to $250,000 by NCUA, an agency of the US Government.

Lenny the Lion Children’s Savers Club

This special club is for children 12 and under. When you become a member of Lenny’s Club you will get a chance to participate in all of our fun events: The Lenny the Lion Easter Egg Hunt, Youth Week, Halloween Dress-up week at the Credit Union, and attend our Santa Party where you will get your picture taken with Santa. For those children in school, they can earn money for top grades with Earn While You Learn. Plus, your child will receive a birthday card from Lenny!

  • Minimum opening deposit $5

InvesTeen Accounts

The InvesTeen savings, checking and lending products are great ways to help teens grow into financial maturity.

InvesTeen products are hassle-free, offer great rates, and give teens the responsibility and independence they need. These accounts also help teens build a solid foundation for their future whatever direction it may take them.

Another opportunity for our teen members is our Student Scholarship. Each year we offer a scholarship to primary members who will be enrolling at an accredited two-year or four-year college, university or vocational-technical school in the US. The scholarship applications are available each year the first week in January. We announce the winners at our Annual Meeting which is held each March.

For more information about all the accounts your teen may be eligible for click here.

Term Share/CD’s

NW Priority CU offers Term Share/CD’s from 6 month to 3 years with as little as $500.00. With these Term Share/CD accounts your rate is fixed and is determined by the term you select. To see our terms and rates click here - TERM SHARE/CD’s RATES.

Christmas/Tax Account

Need some extra money for Christmas or taxes? Payroll deduction is an easy and painless way to deposit into your Christmas/Tax Account. You will receive a higher rate and there is no minimum balance required. The rate is set annually. On November 1st your Christmas/Tax Account funds will be transferred to your savings account and available for your use. You may also access your Christmas/Tax Account in April for income taxes without penalty. There is a $10 early withdrawal fee as an incentive to save.

IRA

How would you like to invest tax-sheltered money for your retirement years, while reducing your current income tax? An Individual Retirement Account (IRA) can be one of the best retirement savings vehicles available to you - even if you are already contributing to a retirement program through your employer (please consult a tax advisor).

NW Priority CU offers a daily IRA Account and IRA Term Share/CD Accounts. The daily IRA account dividends are compounded and credited monthly and the rate is set monthly. The rate on your Term Share/CD account is fixed and is determined at the time you invest. For more information on IRA rates and terms click here - RATES.



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