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certificates

Certificates We Offer

Secure your future with our retirement savings plans and competitive certificates.

REGULAR CERTIFICATES

Regular Certificates are straightforward products that members over 18 can open.

  • 6-Month Term
  • 12-Month Term
  • 1-Year Certificate Builder: Start with a minimum deposit of $1.00 and set up deposits to accumulate $1,000 or more by the end of 12 months.

RETIREMENT ACCOUNT CERTIFICATES

You can open a certificate inside an Individual Retirement Account (IRA) at the credit union.

  • Traditional IRA with Certificate – 12-Month Term
  • Roth IRA with Certificate – 12-Month Term

You can set up your Retirement Account Certificate with new money or rollover funds from an outside retirement plan.

What Are Share Certificates?

Members hold a share of the credit union so that’s why we use the term “Share Certificate.”

A Share Certificate is a type of savings account offered by credit unions that typically offers higher interest rates than regular savings accounts. Here’s how it works in plain English:

  • Deposit: You deposit a certain amount of money into the share certificate account.
  • Fixed Term: You agree to leave the money in the account for a specific period, ranging from a few months to several years.
  • Dividends: The credit union pays you dividends on your money, usually at a higher rate than a regular savings account.
  • Maturity: At the end of the term (maturity), you can withdraw your initial deposit plus the interest earned.

If you withdraw the money before the term ends, you have to pay a penalty. Share certificates are a safe way to save money and earn more interest compared to standard savings accounts.

Why choose media credit union?

Member Owned: As a not-for-profit organization, any extra money made is returned to members through better rates on loans and savings, lower fees, or additional services.

Community Focused: We focus on serving the financial needs of our local communities, which benefits the community we live in. Members help each other financially, creating a supportive and collaborative environment.

Office
(509) 838-8960
Address
6103 N Astor St.
Spokane, WA 99208