Share accounts require an initial deposit of $50.00 and a maintained
deposit of $100.00. Deposits can be made in any amount through deduction
or over-the-counter transactions.
All share accounts are insured up to $250,000.00 by the National Credit
Union Administration. Share accounts represent a systematic way to save
a percentage of your earnings. Dividends are earned and paid quarterly.
West Penn P&P Federal Credit Union usually pays higher rates than
other institutions because members are the "owners" and all
profits go to them rather than stockholders.
Truth-In-Savings Disclosure for the Regular Share Account.
Share Draft Account (Checking)
A share draft is a credit union check.
An easy way to pay your bills is simply writing a check.
With a share draft account your money is safe. Deposits can be credited
to your share draft through payroll deduction, by mail or at the
office. Better than traditional checking accounts because:
account pays interest on amounts over $100
monthly service charge
added convenience, PAYROLL DEDUCTION
eliminates long lines and assures you that your funds
will be automatically credited to your account.
Draft Account Rates
Truth-In-Savings Disclosure for the Share Draft Account.
Retirement Accounts (IRA) - Traditional, Roth, Education
West Penn P&P Federal Credit Unions' IRA program pays a high competitive
rate compounding quarterly. There is no service or setup charge.
Contributions may be made by payroll deductions, monthly payments
or lump sums.
Truth-In-Savings Disclosure for
the IRA Account.
of Deposit - Certificate of Deposit (CD) locks in an attractive
interest rate for a specific period of time and still will have the
security of Federal Deposit Insurance. It pays a higher rate than
a regular savings account, and can be locked in for 6 Months, 1 Year, 2 Years or 3 Years.
Truth-In-Savings Disclosure for Certificate
Truth-In-Savings Disclosure for the Christmas Club Account Account.
Money Market Account
Minimum Balance requirement to open the PRIME
MONEY MARKET account is $10,000.
Minimum Balance requirement to open the GOLD MONEY MARKET account is $25,000.
Money Market Rates
Discloure for the Money Market Account.