When you invest in a Certificate of Deposit with SCU Credit Union, you’re choosing a savings tool that combines security and good returns. Plus, your deposits are 100% insured, meaning your money is always safe, no matter how much you save.
SCU Credit Union is insured by both the National Credit Union Association (NCUA) and Massachusetts Shared Insured Corporation (MSIC). Your money is 100% insured regardless of the amount at SCU Credit Union. MSIC provides Excess Share and Deposit Insurance to all members of SCU Credit Union automatically. The coverage is a benefit of membership and comes at no direct cost to you. MSIC insures the portion of any legal, verifiable share or deposit account that exceeds NCUSIF coverage with no limit.
A certificate ladder involves opening multiple share certificates with different maturity dates, giving you access to some of your money at different intervals. This can help you avoid paying a penalty for accessing your money early. This is a strategy in which you invest in certificates of different terms and roll the money over into a new certificate or withdraw it after each one matures.
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Information and interactive calculators are provided as self-help tools for personal use and are not intended to offer investment advice. We cannot guarantee their relevance or accuracy about your specific situation. All examples are hypothetical and meant for illustrative purposes only. We encourage you to seek personalized advice from qualified professionals for personal finance matters.
A Local Partner You Can Trust
At SCU Credit Union, we’ve served members in Sharon, Mansfield, North Attleboro, Foxboro, East Walpole, Taunton, Brockton, and everywhere in between for years. Our team takes the time to understand your needs and provide guidance every step of the way.