Savings

Offering a wide range of Financial Solutions to keep your Money working harder!
 
Get the security you want with NCUA-insured savings and certificate accounts through Silverado CU. Let us help you reach your goals. We continually monitor all the dividend rates in the financial market place. We pride ourselves on offering competitive rates for all of our accounts. These rates change on a regular basis.















Your Insured Funds

The NCUA, National Credit Union Administration, is an independent agency of the United States Government. NCUA regulates, charters and insures the nation’s federal credit unions. The shares in this Credit Union are insured by the NCUA Share Insurance Fund (NCUSIF), an arm of the NCUA. Established by Congress in 1970 to insure member share accounts at federally insured credit unions up to $250,000.00. Not one penny of insured savings has ever been lost by a member of a federally insured credit union. The NCUSIF Fund is currently at the strongest and best reserved level in its history.

Funds Availability Policy

Our general policy is to allow you to withdraw funds deposited in your account on the first business day after the day we receive your deposit. In some cases, we may delay your ability to withdraw funds beyond the first business day. Then, the remaining funds will generally be available by the second business day after the day of deposit. The first $200.00 of your deposits, however, will be available on the first business day. Funds deposited after 4:00 p.m. will be considered deposited the next business day and will become available the following business day.

USA PATRIOT ACT: Important Information About Opening A New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your valid state issued Driver’s License or other identifying documents.

Regulation GG Notice to Business Account Members – Unlawful Internet Gambling Enforcement Act of 2006

The U.S. Department of the Treasury and the Federal Reserve Board have issued a final rule to implement applicable provisions of the Unlawful Internet Gambling Enforcement Act of 2006 which is effective June 1, 2010. The Act prohibits any person engaged in the business of betting or wagering from knowingly accepting payments in connection with the participation of another person in ‘unlawful Internet gambling,” defined as ‘placing, receiving, or otherwise knowingly transmitting a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any Federal or State law in the State in which the bet is made. In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 and Regulation GG, this notification is to inform you that restricted transactions are prohibited from being processed through your account or relationship with Silverado Credit Union. Restricted transactions are transactions in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful Internet gambling. By maintaining a Silverado Credit Union (SCU) account, you agree to not use your account, including any access device or service made available to you by SCU for conducting any illegal activity including unlawful Internet gambling. SCU may terminate your account relationship for this activity.