Both Certificates and CDs work the same way providing a fixed return when funds are invested for a specified amount of time. The difference is that credit unions call the account a Certificate and banks call the account a Certificate of Deposit (CD). 

A certificate is an investment option that provides a fixed rate for a specific period. The funds cannot be withdrawn during the certificate term without paying a penalty.  Certificates are federally insured by the NCUA up to $250,000.

Certificate accounts have no fees. If you withdraw funds before the maturity date, you may incur an early withdrawal penalty.

The 9-month share certificate requires a $1,000 minimum opening balance to establish  and is required to earn the advertised APY.  There is a $5,000 maximum balance limit.  One (1) promotional share certificate allowed per tax reported owner.  This promotional share certificate is not eligible for an additional Added Advantage rate bonus through the Added Advantage loyalty program.  

The 13-month share certificate requires a $1,000 minimum opening balance to establish and is required to earn the advertised APY.  There are no maximum balance limits or number of share certificates that can be established.  This promotional share certificate is eligible for an additional Added Advantage rate bonus through Added Advantage loyalty program.  Must be enrolled in the Added Advantage program before account opening; the bonus is based on the Added Advantage score at the time of account opening. You may check your Added Advantage score and/or enroll in the program by contacting us online, over the phone or by visiting your nearest branch.  

For over 80 years Nuvision has been helping its members build better lives. Born nearly a century ago as the credit union of Douglas Aircraft, our values were forged in the factories and plants that made the region prosper. At our core, we are a credit union built for hard working people with a commitment to strength, independence and discipline. Our Members are people who believe that if you work hard enough, a better life is always possible. Not just for yourself, but future generations to come.

With Nuvision, you have a credit union that is dedicated to building your life!

Early Withdrawal Penalty Details. We may impose a penalty if you withdraw any of the principal of the Certificate Account before the maturity date.

1) Amount of Penalty. The penalty is based on the term of the certificate. For certificates with terms of one year or less, the penalty is equal to 90 days' dividends on the amount withdrawn. For certificates with terms of longer than one year, the penalty will equal 180 days' dividends on the amount withdrawn.

2) How the Penalty Works. The penalty is calculated on the amount of early withdrawal. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.

3) Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: when an owner on an account dies or is determined legally incompetent by a court or other body of competent jurisdiction. Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment or where the account is an IRA and the owner attains age 59½ or becomes disabled and begins making periodic withdrawals.

Added Advantage isn’t your typical Bank loyalty program. We don’t make you jump through endless hoops to receive your benefits; instead, we reward you for your normal everyday banking activities, and the program is designed to give you real rewards that you can actually use.

Becoming an Added Advantage Member is simple, easy, and rewards you for little things like your everyday banking activity and using Nuvision products and services. Enroll Here.

Current members enrolled in Added Advantage, can earn up to an additional 0.50% bump. For a member to qualify for any of the benefits that their Added Advantage score will give them, they must be enrolled (opted in) to the program priot to any new product is to be opened.

• Members with an AA score from 100-199, qualify for a 0.10% CD rate increase.

• Members with an AA score from 200-299, qualify for a 0.25% CD rate increase.

• Members with an AA score of 300+, qualify for a 0.50% CD rate increase.