Savings and Investments

Share (Savings)

• A minimum balance of $50 must be maintained in the account at all times
• Deposits can be made by payroll deduction, direct deposit, in person or by mail
• Dividends paid quarterly

Share Drafts (Checking)

• No minimum balance
• No monthly service charge
• Higher Dividends on balances over $500
• Free monograms, accents and font typestyles
• Monthly statements
• Deposits can be made by payroll deduction, direct deposit, in person or by mail
• Dividends paid quarterly

IRA (Individual Retirement Account)

Start your own investment account or rollover your existing retirement funds into a Newark Board of Education Employees Credit Union Individual Retirement Account. Contact our Member Service Department for details.

Share Certificates (CD's)

Share Certificates are available for 3, 6, 12 or 24 months. These high-yield certificates are a good way to insure maximum return on your money. Great interest rates are available and are guaranteed for the term of the certificate!

Club Accounts

Open a Holiday or Vacation Club account today and start saving for that special occasion or exciting getaway. Make regular payments through payroll deduction, direct deposit, in person or by mail.
The Holiday Club account is frozen all year and withdrawals are issued in October.
The Vacation Club account is frozen all year and withdrawals are issued in July and August. Club accounts renew automatically each year with your first deposit after the annual pay out and earn a competitive interest rate. No minimum balance required.

Youth Accounts

Rewards for deposits... Our youth accounts are convenient, easy to use and fun! Not only do they provide a terrific way to save for the future, but they also offer great incentives. You and your child will enjoy an account that will encourage saving. Open a youth account for your child today and earn a competitive interest rate on every dollar. Your child is worth the investment!