Services | Savings | Checking

Willis Credit Union (WCU) offers several types of savings accounts. There is a program for the small saver as well as the large depositor. The primary purpose of the credit union is to encourage thrift among its members. Once you have made your initial deposit of $25.00 into a Share Account, this opens the door for you to use the many services offered by the credit union.

The minimum deposit must remain in the account as long as you want to be a member of the credit union and are using any of the services offered by WCU. Your Social Security Number is required before your initial deposit can be accepted.

The following are the types of savings accounts offered by the credit union:

Regular Shares

This is the basic account for membership in WCU. This account is an easy and excellent way to encourage young children and adults to save for the future.

Your Share Account (on a minimum balance of $100.00) earns dividends which are always competitive with the local market. Dividends are paid quarterly.

IRAs

WCU offers the following IRA options:

Cumulative:
    • Deposit any amount
    • No penalty for withdrawal
    • Contributions can be made through payroll deduction.

One Year IRA Certificate
    • Minimum deposit $500.00

Two Year IRA Certificate
    • Minimum deposit $500.00

Three Year IRA Certificate
    • Minimum deposit $500.00

These options are available for both the ROTH and TRADITIONAL IRA's.

Christmas Club

This is a great way to plan for that extra expense at Christmas time. You may contribute as little as $1.00 per deposit or as much as you would like. Dividends are paid on this account the same as on Regular Shares. Your Christmas Club funds are available to you each year shortly after the first of October, in plenty of time to enjoy shopping for that special time of year.

Vacation Club

Vacation Club works like your Christmas Club. The interest rate is the same as regular shares and one withdrawal per quarter is permitted. Start saving now for that special vacation.

Share Certificates of Deposit

Whether you are a small or large saver, our certificate program will help you build your personal assets and develop a sound, long range savings plan.

Share certificates earn rates competitive with the local market area. Dividends are paid quarterly and deposited into your CD account, therefore, you are continuing to earn dividends on the original amount and your dividends also.

Remember, this account is subject to certain Federal Regulations regarding early withdrawals or redemptions.

Each member's deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the United States Government.

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