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Share Term Certificate (STC) Account

State Employees' Credit Union offers members the opportunity to earn interest on their savings at a higher rate with share term certificates, also known as a CD or certificate of deposit. Members have the option to open regular share term certificates or laddered share term certificates.

Laddered STCs provide a more stable flow of interest income while taking advantage of the higher rates traditionally offered on longer-term STCs. To "ladder" your STCs, buy them with staggered maturity dates. In year one, divide the total sum you wish to invest into five equal parts. Invest in a 1, 2, 3, 4, and 5-year Laddered STC. One certificate will automatically renew each year as a five year certificate. At the end of five years, you will own five certificates which all had five year terms when they were purchased, and which renew at staggered future intervals of one to five years.

Current Interest Rates

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Comparison of Share Term Certificates

  Regular STCs Laddered STCs
Principal Amount $250 minimum $250 minimum for each (total of $1,250)
Term 6, 12, 18, 24, 30, 36, 48 or 60 months 12, 24, 36, 48 and 60 months. (Must open all five STCs)
Interest Rate Fixed for the term of certificate Fixed for the term of certificate
Interest Accrues daily, but not compounded Accrues daily, but not compounded
Interest/Maturity Option Interest and/or principal can either transfer to a maturity deposit account of the member's choice or renew with the same term.2 Interest will transfer to a deposit account of the member's choice. The principal will renew with a 5-year term.
Maturity/Renewal The STC can be cancelled before the maturity/renewal date. Cancelled STCs are charged a penalty except during the grace period for auto-renewals. The penalty is 90 days of interest or all interest accrued or earned, whichever is less. The STC can be cancelled before the maturity/renewal date. Cancelled STCs are charged a penalty except during the grace period for auto-renewals. The penalty is 90 days of interest or all interest accrued or earned, whichever is less.

Note: If an STC is cancelled the Laddering structure will be incomplete.
Collateral The funds can be used as collateral on an SECU loan only; funds cannot be used as collateral for a loan at another financial institution. The funds can be used as collateral on an SECU loan only; funds cannot be used as collateral for a loan at another financial institution.

For detailed information, please review the Account Services Brochure.

You may apply for a share term certificate online via Member Access.


1 Quoted rates and annual percentage yields (APY) are subject to change daily.
2 On 6 and 12-month certificates, members can request that, at maturity, earned interest be transferred or added to principal for renewal.

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*Quoted rates, dividends, annual percentage yields (APY) and rates (APR) are subject to change daily at the discretion of the Board of Directors.