MCT-FCU offers several types of Share Accounts to suit a variety of needs. A $50.00 deposit establishes your membership and provides you with access to all services offered by the Credit Union. Savings are federally insured up to $100,000 by the National Credit Union Administration (NCUA), an agency of the United States Government. The Board of Directors declares the dividends for each Share type. Based on the Credit Union’s earnings, we will use the Average Daily Balance method to determine the amount of your dividends. Below is a review of the Share accounts offered by MCT Federal Credit Union.


Share (savings) Accounts

Once your membership is established with a $50 deposit, you are a member of the Credit Union. This gives you access to all Credit Union services.

Current Rates:

Deposit Amount		Dividend
$50.00 - $999.99		1.60%	1.61% APY
$1,000 - $100,000		1.95%	1.97% APY

Christmas & Vacation Clubs

Christmas and Vacation Clubs may be opened at any time throughout the year. However, to receive a full year of contributions, you must open your account by the first pay period of October/July, respectively. On the first business day in either October or July, depending on the type of club, your club funds will be automatically transferred to your savings or checking account, whichever you designate. Christmas Club funds may not be withdrawn prior to October 1 without closing the account. Quarterly statements are providing showing all activity for that quarter.

Current Rates (No minimum deposit required):

		Dividend
$ 1.00 - $100,000		1.60%

Kidz Kash

With only a $5.00 deposit, your child may establish membership in MCT-FCU. Kids Kash accounts are available to any child under the age of 18 years. These account funds automatically convert to a regular Share Account on the member’s 18th birthday, at which time a minimum balance of $50.00 is required to maintain membership. Account holders will receive a quarterly statement showing all activity for the quarter.

Current Rates

		Dividend
$ 5.00 - $100,000		1.95%

T-Account

Current Rates

		Dividend
$ 1.00 - $999.99		1.60%	1.61% APY
$1,000 - $100,000		1.95%	1.97% APY

Certificate of Deposit Accounts (CDs)

Current Rates

		Rate
6 Months		2.50%	2.53% APY
12 Months		2.90%	2.94% APY
24 Months		2.75%	2.75% APY

Certificate of Deposit accounts require a minimum deposit and are subject to a penalty for early withdrawal.

Each member is insured up to $100,000 by the National Credit Union Administration (NCUA), which is a government agency.

All rates are subject to change without prior notice.