Personal Savings

MidUSA Credit Union offers a variety of personalized savings and investment options to meet your current and long-term financial and lifestyle needs. Our Financial Service Advisors are specially trained to help you define a goal, create a plan, and select the proper financial products and services to realize that goal.

Saving for the future is key to financial health. Whether you are saving for an emergency, a new home, an automobile, college education, or retirement, one of the following savings accounts will meet your needs.

Maine Share | Select Share | Prime Share | Club Share | Christmas Club Share


Main Share

This is your member ownership account, but it can also be used as a savings account. A $5.00 balance in your Main Share Account represents your Credit Union share and entitles you to all MidUSA Credit Union benefits.

  • Minimum balance: $5.00
  • Dividends*: Calculated daily, paid quarterly
  • Service fees: Dependent upon overall relationship
  • Other features: Unlimited transactions

Select Share

In addition to your Main Share account, this “special purpose” savings account is a customized option designed to help you meet your specific lifestyle and financial goals whether you are saving for fun or for necessity.

Wedding, vacation, new car, new baby, healthcare expenses, etc.—this special purpose savings account can be used for virtually anything and personalized to your needs.

  • Minimum balance: None
  • Dividends*: Calculated daily, paid quarterly
  • Service fees: None
  • Other features: Unlimited transactions

Prime Share

With this account, members earn our highest return rate on their savings. With a minimum balance of $2,500 and four rate tiers, your account earns higher dividends as your balance increases.

  • Minimum balance: $2,500
  • Dividends*: Calculated daily, paid quarterly; no dividends paid when balance is below minimum.
  • Service fees: Please contact MidUSA Credit Union to access the current Schedule of Fees and Charges.
  • Other features: Withdrawals limited to three per month and must be $250 or above; additional withdrawals incur a fee of $5 per withdrawal.

Club Share

MidUSA’s Club Savings Account is the easiest way for you to save and budget for that next big life event. Partnered with a MidUSA automatic savings plan, this account helps funds grow over a pre-determined time.

  • Minimum balance: $5.00
  • Dividends*: Calculated daily, paid quarterly
  • Service fees: If there is a withdrawal prior to the term date, the withdrawal must be for the entire amount, and the account must be closed. An early withdrawal fee of $25 will apply.
  • Club Account funds are made available at the term of the member’s choosing (3 to 18 months) and will vary depending on the date the account is opened.

Christmas Club Share

Save in advance for Christmas! With the MidUSA Christmas Club, you can save throughout the year, and on November 1, the funds are automatically transferred to you. It’s like having the holidays already paid for when they arrive!

  • Minimum balance: None
  • Dividends*: Calculated daily, paid quarterly
  • Service fees: None
  • Other features: Funds are automatically transferred to the member’s account of choice on November 1. If there is a withdrawal prior to this time, the withdrawal must be for the entire amount and the account is closed until after November 1.
  • Making regular additions to this interest-bearing holiday savings account is easy with payroll deductions and automated account transfers.

 

 

 

* Member may forfeit dividends if account is closed before accrued dividends are credited to the account.
**See your tax advisor for details. Early-withdrawal fees can occur.
All MidUSA CU share accounts are privately insured up to $250,000 per account by American Share Insurance (ASI).