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Can I withdraw funds from my Certificate before it is mature?

Yes, however, there is a penalty for withdrawing from your certificate account early:

Your Certificate account will mature on the maturity date set forth on your Account Receipt or Renewal Notice. We may impose a penalty if you withdraw any of the principal of your Certificate before the maturity date. (1) Amount of Penalty. The amount of the early withdrawal penalty is 90 days dividends calculated on the balance at the time of withdrawal. (2) How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that has been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal. (3) Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction. Certificate accounts are automatically renewable accounts. Automatically renewable accounts will renew for another term upon maturity. You have a grace period of seven (7) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.

To learn more, or to explore other options, contact us today.