Savings Accounts

Regular Share Account

When you join HCCCU, you will begin with a regular share account. This account will earn dividends based on the daily balance maintained in your account during the dividend period. You will then be eligible to take advantage of the many services offered at the Credit Union.

  • Dividends are paid from current income and available earnings after required transfer to reserves at the end of a dividend period.
  • Rates may vary depending on the type of savings account.
  • See Savings Rates & Fees for further information.

Visit the 5 Star Community Credit Union office today to become a member!

Share Draft (Checking) Account

A share draft account gives you the ability to write checks or swipe your debit card to make purchases and pay bills.

  • No minimum balance requirement
  • Duplicate checks only (checks will not be returned)
  • Dividends are calculated on the daily balance in your account during the dividend period (see rates and fees for further information)
  • Overdraft protection - automatic transfer from your regular share account (up to your available balance)
  • ATM access worldwide
  • Debit Card
  • Online access with Internet Branch

Open a Share Draft Account today!

Christmas Club Account

A Christmas Club Account provides an excellent way to save during the year to meet those holiday shopping purchases.

  • No minimum opening deposit
  • No monthly service fee *
  • Deposits may be made anytime
  • We recommend a systematic method of deposit by payroll deduction
  • Dividends are calculated daily and paid into the account quarterly

It's never too late to start saving for the Holidays!

* Account withdrawal limitations apply.

Vacation Club Account

A Vacation Club Account provides an excellent way to save during the year for that special family vacation.

  • No minimum opening deposit
  • No monthly service fee *
  • Deposits may be made anytime
  • We recommend a systematic method of deposit by payroll
  • Dividends are calculated daily and paid into the account quarterly

Start saving for your vacation today!

* Account withdrawal limitations apply.


   Share Certificates

The rates, fees, and terms applicable to your account at the Credit Union are provided in this Truth-In-Savings Disclosure. The Credit Union may offer other rates for these accounts from time to time.


Type of Certificate




Annual Percentage Yield

3 Month Share Certificate


3 Month 0.10% 0.10%
6 Month Share Certificate


6 Month 0.10% 0.10%
12 Month Share Certificate


12 Month 0.20% 0.20%
18 Month Share Certificate


18 Month 0.30% 0.30%



Any Rate Above May Change At Any Time.



Certificate Accounts


Minimum Opening Deposit

Dividends Compounded At Maturity
Dividends Credited At Maturity
Dividend Period Account's Term
Annual Percentage Yield
Dividend Rate


3 Month
9 Month
12 Month
18 Month


Additional Deposits:

Allowed-$100,000 Maximum/deposit


Penalty may be imposed for early withdrawal





Except as specifically described, the following disclosures apply to all of the accounts.

  1. Rate Information. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period.  For all accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the initial term of the account.  For accounts subject to dividend compounding, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity.  A withdrawal of dividends will reduce earnings.

  2. Dividend Period. For each account the dividend period is the account's term.  The dividend period begins on the first day of the term and ends on the maturity date.

  3. Dividend Compounding and Crediting.  The compounding and crediting frequency of dividends are stated in the Rate Schedule. 

  4. Balance Information.  The minimum balance requirements applicable to each account are set forth in the Rate Schedule.  To open any account you must deposit or already have on deposit at least the par value of one full share in any account.  The par value amount is stated in the Fee Schedule.  Some accounts may have additional minimum opening deposit requirements.  For Certificate accounts, dividends are calculated by the Average Daily Balance method, which calculates dividends by applying a periodic rate to the Average Daily Balance in the account for the dividend period.  The Average Daily Balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.

  5. Accrual of Dividends. For Certificate accounts, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.  For Certificate accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.

  6. Transaction Limitations.  For Certificate accounts, a penalty may be imposed for early withdrawal.

  7. Maturity.  Your account will mature as stated on this Truth-In-Savings Disclosure or on your Account Receipt or Renewal Notice.

Renewal Policy.  The renewal policy for your accounts is stated in the Rate Schedule.  For Certificate accounts, your account will automatically renew for another term upon maturity.  For Certificate accounts, you have a grace period of ten (10) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty.

Nontransferable/Nonnegotiable.  Your account is nontransferable and nonnegotiable.

Fee Schedule

Share Value

  • Par value of one share.............. $ 5.00

The rates and fees appearing in this Schedule are accurate as of the Effective Date indicated on this Truth-In-Savings Disclosure.  If you have any questions or require current rate and fee information on our accounts, please call the Credit Union.



Certificate Accounts
5 Star Community Credit Union
100 South Cherry Street
Mt. Pleasant, IA 52641-0029
(319) 385-4914
Copyright CUNA Mutual Group, 1993, 2004


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