Woman and man going over financial information at a table.

We put our
members first

Our members and their needs are our first priority.

Share Certificates

In addition to savings accounts, M-O Federal Credit Union provides a range of Share Certificates for both short-term and long-term investments opportunities.

Share Certificates

A Share Certificate is a great option if you want to earn additional interest while not needing immediate access to the funds.  A Share Certificate is a savings certificate with a fixed maturity date that earns interest at a fixed rate  It can be issued in any denomination, with a minimum investment of $1,000.  The interest rate is generally higher than a regular share (savings) account, because the money cannot be withdrawn until the maturity date, or a penalty will apply. 

Automatic Renewal:  All of our Share Certificates automatically renew, which means you don't need to contact the Credit Union each time a certificate of deposit is about to mature.  The certificate(s) will renew for the same term it was originally issued for.  For example, if you have a 12-month certificate of deposit, it will automatically renew for another 12 months upon maturity.  The renewal rate will be the current rate at the time of renewal, so if interest rates have increased since your initial certificate, your rate will also increase!  If you need the certificate funds and prefer not to renew, just let us know.  We encourage you to reach out to us prior to the renewal date; however, if necessary, you have a grace period of 10 days following the renewal date.

Early withdrawal penalty:  A substantial penalty is imposed for withdrawals before maturity date.  Share certificate terms of less then one year; the penalty is 180 days dividends, whether paid or not.  Share certificate terms of one year or more; the early withdrawal penalty is 365 days dividends, whether paid or not.  The penalty doesn't apply to early withdrawals due to death of any owner. 

Click here to view our current rates.

IRA Certificates

Funds in an Individual Retirement Account (IRA) can be invested in an IRA Certificate.  To invest in an IRA Certificate, you need to have an IRA Share Account.  The minimum required investment amount is $1,000.  IRA Certificates of Deposit are available for terms of either 12 months or 24 months. 

Automatic Renewal:  Like our regular Share Certificates, our IRA Certificates automatically renew as well, which means you don't have to contact M-O FCU every time you have a certificate coming due.  The certificate(s) will be renewed for the same term they were originally taken out for.  For example, if you take out a 12 month certificate, upon maturity the certificate will renew for another 12 months.  The rate of the renewed certificate will be whatever the rate is on the date of renewal, so if rates have gone up since you first took out the certificate, your certificate rate will go up too!  If you need the funds in the certificate, however, and wish not to renew the certificate, just let us know.  You can do this anytime before the certificate renews, or up to 10 days after the renewal date.

Click here to view our current rates.

 

Calculators

Quick Links

Member Benefits

Loan Specials

  • no specials at this time

* annual percentage rate

View Loan Rates

Certificate Special

  • no current special

*annual percentage rate

View CD Rates

Make Your Dream a Reality

Couple looking at home blueprints.

Home Sweet Home
Fast, affordable home loans, and help every step of the way.

Man outside looking at smartphone holding drink.

With You On The Go
Check balances, deposit checks, use Bill Pay...all in the palm of your hand.

Woman leaning out of car window with a guitar.

New Car Smell
Great rates, flexible terms, personalized service. No payments for 90 days.

Hand stopping a line of dominoes.

Because Life Happens
Borrow for vacation, medical, wedding, adoption, pet - any variety of expenses.

High school graduate holding diploma.

Earning Your Degree
College can be stressful - paying for it shouldn't be.

Shopper with shopping bags and holding a credit card.

Swipe With Confidence
Credit cards - no annual fee, fixed rate, EMV chip, payments made at M-O FCU.

Woman holding a wrapped gift.

Seasonal Spending
Because there are just certain times of the year you could use extra cash.