Current News & Information

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Current UFirst Federal Credit Union
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PAYROLL CERTIFICATE

The idea to introduce a payroll certificate is to allow our membership to begin saving gradually.
This product is a 12-month CD (Share Certificate of Deposit) that can be opened with a minimum deposit of $10.00.  Each pay period they must deposit at least $10/weekly, $20/biweekly, or $40/monthly.  The interest rate on this CD (Share Certificate of Deposit) is higher than our regular savings but lower than our normal 12-month CD (Share Certificate of Deposit).

Dividends are earned beginning with the initial deposit. Dividends are paid monthly.  There can be no partial withdrawals and if an early withdrawal is made, all dividends are lost in penalty.  The CD (Share Certificate of Deposit) does not renew at the end of the 12 month period but can be rolled into another savings or CD (Share Certificate of Deposit) account at the credit union.  The process would then begin again for the following year.

This is a great way to offer our membership the opportunity to begin saving for their future.  It is a convenient way to begin promoting thrift within our community.  We believe that by allowing the smaller deposits into this certificate it will help members achieve their savings goals.
See or call a Member Service Representative for additional information at 274 Rugar Street, Plattsburgh, New York 12901 or 518-324-5700.