Member Services

Share & Statement Savings

To become a Member of Coventry Credit Union and take advantage of the Credit Union's services, a Share Account must be opened and a $5.00 balance must be maintained.

Share Account

  • Deposits can be made in person at any of our branch locations, by direct deposit or via MemberNet Online & Mobile Banking.
  • Dividends are compounded and paid quarterly.
  • A minimum opening deposit of $5.00 required / $10.00 is required to earn the annual percentage yield (APY)*.

Statement Savings

  • A balance of $5.00 is required to maintain the account and earn the annual percentage yield (APY)*.
  • Interest compounded monthly and credited monthly
  • ATM card available.
  • Unlimited 24-hour access to your accounts at thousands of surcharge-free ATM machines that are part of the NYCE®, Cirrus®, and Credit Union Connection Networks (applicable fees may apply from the owner of the ATM).
  • Deposits can be made in person at any of our branch locations, by direct deposit, MemberNet Online & Mobile Banking Service, or via an ATM (if you have subscribed to this service).
  • Interest is compounded and credited monthly.

     

     

Current Share and Statement Savings Account Rates

  

 

Rates effective as of October 1, 2016

*APY = Annual Percentage Yield

Products In Italics Have A Special Rate.

Rates Are Subject To Change at anytime without notice

 

Money Market Products

A Money Market Savings account shares some of the characteristics of a money market fund. Money market accounts offer many of the same services as checking accounts although transactions may be somewhat more limited. These can be a convenient place to hold money that is to be used for upcoming investment.

Money Market Accounts

  • A balance of $2,500 is required to maintain a Money Market Account and earn the annual percentage yield (APY)*.
  • Interest is compounded and credited monthly.
  • No monthly service charge.

Touch-tone teller access available.

 

 

Current Money Market Rates

 

Rates effective as of October 1, 2016

*APY = Annual Percentage Yield

Products In Italics Have A Special Rate.

Rates Are Subject To Change after account opening at anytime without notice.

 

 

How Your Funds are Federally Insured

The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, like the FDIC’s Deposit Insurance Fund, is a federal insurance fund backed by the full faith and credit of the U.S. GovernmentThe NCUSIF insures member savings in federally insured credit unions, which account for approximately 98 percent of all credit unions. All federal credit unions and the vast majority of state-chartered credit unions are covered by NCUSIF insurance protection.  Click here to learn more about how your accounts are federally insured.