CERTIFICATES

Our Share Certificates guarantee a fixed annual percentage yield for a specific length of time. Share Certificates are available for regular shares, as well as either type of IRA or the Coverdell Education Savings Account. They offer higher yields than regular savings accounts; in exchange, you leave your money in the account for a specified amount of time. If you withdraw funds from a Share Certificate before the predetermined maturity date, you may be charged a penalty. The dividends, or earnings, you can make on a share certificate are quoted in terms of the annual percentage yield, or APY. This rate takes into account the compounding period, which is the frequency with which returns are added to the account. Coloramo Certificate rates are compounded on a quarterly basis and are insured through the National Credit Union Administration or NCUA.