Savings/Investments

Credit Union One of Oklahoma has many Savings options to meet your changing needs. Whether it is for your own retirement or saving for the children's education, Credit Union One can help you design a savings plan to meet your future financial goals.

Your Share/Savings account earns quarterly dividends, which increase as your savings grow. Deposits to our Club Accounts and Christmas Club Accounts can help you save money separately for special expenses and occasions.

With funds insured up to $350,000 through the National Credit Union Administration and American Share Insurance, you can rest assured that your savings are secure. Whether you are just beginning to build your savings, are looking for a better dividend rates, or prefer a financial institution with excellent member service, Credit Union One can help you choose the savings account options that are best for your future. Speak with a Member Services Representative today! Club Accounts are special Share/Savings Accounts where deposits are kept separate from your regular account. Club Accounts are perfect for setting aside money for such expenses as insurance payments, vacations or college tuition.
These accounts earn the same dividend rate as your Share/Savings Account and have the same restrictions. The account is designed to help you save money for Christmas. The account matures on Nov. 16 of each year, and a check for the total balance is prepared and mailed to you at that time. To help you refrain from spending your savings early, a maximum of two withdrawals are permitted during the year, each with a $10 withdrawal fee.
These accounts earn the same dividend rate as a Share/Savings Account and have the same restrictions. There is no minimum balance required.
182-Day Certificates require a minimum deposit of $2,500 to open. Dividends may be withdrawn at any time, but any withdrawal of your principle is subject to a 30-day interest penalty. Each requires a minimum deposit of $500 to open. Share Certificate dividend rates are established each Wednesday, and the rate at the time you invest is the rate for the term of your certificate.
Share Certificates are automatically renewed, unless otherwise specified. Dividends from any Share Certificate may be withdrawn at anytime with no penalty.
Any withdrawal of your principle is subject to a 30-day interest penalty on a 1-Year Certificate, and a 90-day interest penalty on 2, 3, or 4-Year Certificates. A $25 membership deposit establishes your Share/Savings Account and gives you access to all the services offered by Credit Union One. You may add to this through payroll deduction, in person or by mail.
You may withdraw money (over your $25 membership deposit) at any time. Withdrawals can be made by personal visit, phone, or written request, with a minimum withdrawal of $10. Money on deposit can be withdrawn at any time, and there is no maturity date. Accumulation Accounts pay quarterly dividends and carry tiered rates, depending on the balance.
A minimum deposit of $25 is required to open the account. There are no monthly maintenance fees and you may add funds at any time. IRA Certificates are available in 1-year, 2-year, 3-year or 4-year terms, and earn monthly dividends. Rates are established each Wednesday, and the rate at the time you invest is the rate for the term of your certificate.
Early withdrawals are allowed, but an interest penalty is assessed. IRA Certificates are opened with a minimum deposit of $5,000. Unless you specify otherwise, IRA Certificates are automatically renewed. Available in 2- or 4-year terms, the Market Index Certificate is an insured Share Certificate that earns dividends based on the change in the S&P 500 Composite Stock Index, an independent measure of 500 different stocks.
Earnings are based on the change in the S&P 500 over the term of your investment. The minimum deposit to open the Market Index Certificates is $5,000, and no withdrawals are allowed. Any dividends earned are paid at maturity. Earnings from a Roth IRA are tax-free if the account is open for a minimum of five years and earnings are withdrawn for a qualified reason. Contributions to a Roth IRA are not tax deductible. Contributions of $2000 per year are allowed to benefit a child under age 18. Withdrawals for qualified higher education expenses are tax-free.
Note: Total combined contributions to Roth and Traditional IRAs are limited to $4,500/year or 100% of compensation, whichever is less. IRA Accounts and Certificates are subject to a $25.00 Closing Fee.