Savings Rates
Effective as of July 1st, 2020 for Member Share/Savings Account:
0.05% APR/0.05% APY for accounts with an average daily balance of $25 or more. Dividends are paid quarterly.
We also offer a special incentive for members who receive their statements electronically thru online banking: 3.00% APR/3.01% APY is paid on the first $500 in this account. Click here to find out more about how to sign up.
Club or Special Savings Account:
0.05 APR/0.05% APY for accounts with an average daily balance of $25 or more. Dividends are paid quarterly.
Peace Account:
For members who do not want to earn dividends/interest on their savings at the credit union. This account pays no dividends.
APR = Annual Percentage Rate
APY = Annual Percentage Yield
Certificate Rates
| SHARE CERTIFICATES |
Dividend Rate/Annual Percentage Yield |
| Quarterly Dividends | |
| 1YEAR | 0.30%/0.30% |
| 2 YEAR | 0.399%/0.400% |
| 3 YEAR | 0.499%/0.500% |
| Dividends Paid At Maturity | |
| 1 YEAR | 0.30%/0.30% |
| 2 YEAR | 0.40%/0.40% |
| 3 YEAR | 0.50%/0.50% |
| Rates are indications only and are subject to change at any time. | |
We are NOW OFFERING new Share Certificates of Deposit. We only accept a limited amount of certificates. Inquire about the availability at the CU. Minimum deposit and balance is $500 to open and maintain a share certificate.
The following rates are effective as of July 1st, 2020
Our Members make the difference.
Member Since 1982
"I've been a member since the Credit Union was just Dave Knoll with a cardtable in the hallway of the old Genesee Coop on Saturday mornings. I've never been tempted to go anywhere else since that time, even though I now live thirty miles away. I like dealing with nice staff who know my name, who are eager to help, and who are dedicated to financial literacy and empowerment. Plus, it's good to know that my money is being used to invest in people rather than fill the pockets of the wealthiest.
In addition to savings and checking I've turned to the credit union for debit cards, line-of-credit, auto financing, on-line banking, and a home mortgage. I've now financed at least four cars through the credit union, and I've successfully encouraged friends to do the same.
One of my boldest statements ever in the face of raw financial power was when the car dealer required me to sit through a presentation on their financing. My response: "I'm a loyal credit union member, and I'll stick with it even if you offer me zero percent. If I ever get in trouble, the Credit Union will help me work it out, but you guys'll just send the collection agent after me." The guy just gulped and that was that.
Yee-hah!
And I don't want to forget to mention that as a Credit Union member I get to vote. Real democracy - awesome!
Genesee Co-op Federal Credit Union - it's the best deal in town!"