Share Accounts

Membership in Baptist Credit Union starts with a regular savings account (share account). The minimum deposit into a regular savings account is $25, and this account stays open as long as you are a member of the credit union. The balance must remain at least $25. Dividends are posted to your account quarterly. Members may use this account to build their savings.

View Share Rates

All Share Accounts must be opened with a minimum balance. This minimum balance remains locked in the account to keep the account open and ensure membership in the credit union.

Savings Accounts Comparison
Share Kids Club Student Church Organization
Recommended for: Everyone! A Share Account opens the door to all other credit union services Children (0-18) with a parent, gaurdian or responsible adult listed joint on the account For Young Adults (18-24 yrs. old) who are currently enrolled in college or university Field-of-Membership eligible churches who want a savings account Field-of-Membership eligible denominationally-oriented organizations who want a savings account
Minimum to open: $25 $5 $5* (Funded by the credit union if in conjunction with a Student Loan) $25 $25
Monthly Fees: No Service Fees No Service Fees No Service Fees No Service Fees No Service Fees
ATM Card: Optional Optional for Joint Optional Optional Optional
Dividends: 0.04% APR* 0.04% APR* 0.04% APR* 0.04% APR* 0.04% APR*
Computed on: Average Daily Balance Average Daily Balance Average Daily Balance Average Daily Balance Average Daily Balance
Paid: Quarterly Quarterly Quarterly Quarterly Quarterly
Access to Funds: 3 Cash withdrawals or 3 Teller Checks or any combination of 3 per month w/o fee 3 Cash withdrawals or 3 Teller Checks or any combination of 3 per month w/o fee 3 Cash withdrawals or 3 Teller Checks or any combination of 3 per month w/o fee 3 Cash withdrawals or 3 Teller Checks or any combination of 3 per month w/o fee 3 Cash withdrawals or 3 Teller Checks or any combination of 3 per month w/o fee

Certificates & Deposit Accounts

When your savings have reached the level of more than $500, members may wish to transfer their funds into a certificate of deposit account. Certificates pay higher dividends than regular savings and enjoy compounded interest since the dividends are posted monthly. CDs range in time periods from six months to five years.

View CD Rates

Certificate of Deposit Account Disclosure

Except as specifically described, the following disclosures apply to all of the accounts. 1.Rate Information. The Annual Percentage Yield (APY) given above is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. The Dividend Rate and APY may change daily as determined by the Credit Union’s Board of Directors. 2.Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. The Dividend Rate and APY are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. 3.Compounding and Crediting. Dividends will be compounded and credited as set forth above. The Dividend Period for each account is set forth above. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. 4.Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. Dividends will begin to accrue on collection items (e.g. insurance drafts) on the day we receive the funds from the issuing institution. Except for Share Certificates, if you close your account before dividends are paid, you will not receive the accrued dividends. 5.Balance Information. Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. 6.Transaction Limitations. You may not make additional deposits or withdrawals from you share certificate until the certificate matures. 7.Early Withdrawal Penalty. We will impose a penalty if you withdraw any of the funds from your share certificate before the maturity date of the certificate. The penalty for each certificate is set forth above. 8.Share Certificate Penalty Calculation. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. If the account has not yet earned enough dividends, the penalty will be deducted from the principal. 9.Share Certificate Renewal Policy. Your Share Certificate will automatically renew at maturity, unless instructed differently in writing by the member within the last 10 days before maturity. If automatic renewal is stopped, your certificate principal and dividends will be transferred to your share account at maturity. 10. Deposit Insurance. Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Money Market Accounts

Money market accounts are great for members whose lives are in transition. MM accounts require a minimum deposit of $2,000 and pay a higher dividend than does the regular savings account. Members may write three checks per month on this savings account. This is very helpful when members want to earn a higher return on their savings, but need flexibility and access to their funds. When moving into a new home, changing jobs, or taking care of financial matters when there is a death in the family, the money market account may be the perfect product.

View Money Market Rates

Money Market Account Disclosure

Except as specifically described, the following disclosures apply to all of the accounts. 1. Rate Information. The Annual Percentage Yield (APY) given above is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. The Dividend Rate and APY may change daily as determined by the Credit Union’s Board of Directors. 2. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. The Dividend Rate and APY are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. 3. Compounding and Crediting. Dividends will be compounded and credited as set forth above. The Dividend Period for each account is set forth above. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. 4. Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. Dividends will begin to accrue on collection items (e.g. insurance drafts) on the day we receive the funds from the issuing institution. Except for Share Certificates, if you close your account before dividends are paid, you will not receive the accrued dividends. 5. Balance Information. Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. 6. Transaction Limitations. You may not make more than three withdrawals or transfers per month from your Share Account to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. Additionally, you are limited to three automatic overdraft protection transfers to your share draft account per month. If you exceed the Share account transaction limitations set forth above in any month, your account will be subject to a fee of $3.00 per transaction. Three over-thecounter and three draft (check) withdrawals are allowed per month from your Money Market Account. A $10.00 fee is assessed for each Money Market withdrawal that exceeds this limitation. The minimum amount you may withdraw from a Money Market Account is $250. 7. Early Withdrawal Penalty. Withdrawals made from an IRA before age 59 1/2 will be assessed a $50 fee per withdrawal. Share accounts closed within six months of opening will be assessed a $5.00 fee. Three withdrawals are allowed on the Holiday Flex account from January through December of each year. Excessive withdrawals during this period will be subject to a penalty of 30 days dividend or a minimum of $15.00 per transaction. 8. Deposit Insurance. Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Student Accounts

Student accounts are the most convenient when going to college. With only $5 required minimum balance, students have the benefit of having a debit card to access their money. Parents with students who have accounts at BCU can easily transfer money to them at any time.

View Student Account Rates

Kid's Club Savings Accounts

The kid’s club account is designed to help young savers. The minimum deposit of only $5 required to open a children’s savings account makes it possible for even the largest families to open an account for each child.

View Kid's Club Savings Rates

IRAs (Individual Retirement Accounts)

Baptist Credit Union IRAs have NO ANNUAL MANAGEMENT FEES. IRA products include traditional IRAs, roth IRAs, and educational IRAs. Minimal deposits and flexibility of deposits make this savings product especially attractive.

View IRA Rates

Important IRA Information

New options for individual retirement accounts (IRAs) are available to you with the 1997 Tax Law changes.

The creation of the ROTH IRA allows you to grow your savings and withdraw them at retirement ,paying 0% capital gains tax!

You have until April 15 of the next year to open or add to your last year’s IRA. In any year, at any time, you may open an IRA and make smaller, incremental deposits all year long.

Every effort is made to ensure the accuracy of this information, but space limitations prevent complete explanations of facts. Also, information is subject to change if revised or amended by congressional action. Contact your tax adviser for what best suits your situation.

Traditional IRA

Traditional IRAs offer valuable retirement savings benefits and may provide certain tax advantages. Contributions may or may not be tax-deductible depending on your income level, filing status, and participation in an employer-sponsored retirement plan. Please consult your tax advisor or financial professional to determine what applies to your specific situation.

Contribution Limits
For 2026, you may contribute up to $7,500, or 100% of earned income, whichever is less, across all traditional and roth IRAs combined. Individuals age 50 or older may contribute an additional $1,100 catch-up contribution, for a total of $8,600.

Key Features

  • Earnings grow tax-deferred until withdrawn.

  • There is no age limit for making contributions, provided you have eligible earned income.

  • Required Minimum Distributions (RMDs) generally begin at age 73.

Early Withdrawal Penalties: Withdrawals made before age 59½ may be subject to IRS penalties and applicable fees. Exceptions may apply for:

  • Attainment of age 59½ or older

  • First-time home purchase (IRS limits apply)

  • Qualified higher education expenses

  • Certain health, disability, or emergency situations as permitted by IRS regulations

Employer Retirement Plan Participation: Individuals covered by an employer-sponsored retirement plan, as well as spouses of participants, may have restrictions on the deductibility of Traditional IRA contributions. Eligibility requirements and deduction limits are subject to IRS regulations.

Consult your tax advisor regarding eligibility, deductibility, and tax consequences associated with traditional IRA contributions and distributions.

 

Roth IRA

Roth IRAs provide tax-free growth potential and tax-free qualified withdrawals. While contributions are not tax-deductible, earnings may be withdrawn tax-free when IRS requirements are met.

Contribution Limits
For 2026, you may contribute up to $7,500, or 100% of earned income, whichever is less, across all Traditional and Roth IRAs combined. Individuals age 50 or older may contribute an additional $1,100 catch-up contribution, for a total of $8,600. Eligibility to contribute may be reduced or eliminated at higher income levels.

Key Features 

  • Contributions are made with after-tax dollars and are not tax-deductible.

  • Qualified withdrawals, including earnings, are tax-free.

  • Contributions (but not earnings) may generally be withdrawn at any time without taxes or penalties.

  • No Required Minimum Distributions (RMDs) during the owner's lifetime.

  • No age limit on contributions, provided you have eligible earned income.

Qualified Distributions 

To receive tax-free treatment of earnings, withdrawals generally must meet the five-year holding requirement and at least one qualifying condition, such as:

  • Attainment of age 59½

  • First-time home purchase (IRS limits apply)

  • Disability

  • Death of the account owner

Consult your tax advisor regarding eligibility requirements and tax consequences associated with Roth IRA contributions and distributions.

 

Coverdell Educational Savings Account (ESA)

A Coverdell Education Savings Account (ESA) is designed to help families save for qualified education expenses on a tax-advantaged basis.

Contribution Limits 

  • Up to $2,000 per year per beneficiary under age 18.

  • Contributions may be made by parents, grandparents, relatives, friends, or other eligible contributors, subject to IRS income limitations.

Key Features

  • Earnings grow tax-deferred.

  • Qualified education withdrawals are tax-free when used for eligible education expenses.

  • Funds may be used for qualified elementary, secondary, or higher education expenses.

Account Requirements

  • Contributions generally must be made before the beneficiary reaches age 18.

  • Remaining funds must be distributed or transferred to another eligible family member before the beneficiary reaches age 30.

  • Any non-qualified withdrawals may be subject to taxes and penalties.

Consult your tax advisor regarding eligibility requirements, contribution limits, and qualified education expenses associated with a Coverdell Education Savings Account.

Holiday Flex

You can start any month with $25 to open the account, then add to it anytime. You may designate a specific amount for direct deposit from your paycheck or an automatic transfer from your savings or checking account. It earns interest, and you can check your account anytime and transfer money into it from your other accounts with our online banking. We have expanded the account to allow 3 withdrawals per year without penalty. Now, BCU members can use their new holiday flex account for vacations, Christmas, or any one-time emergency, and their new holiday flex account will continue to earn higher dividends.

View Holiday Flex Rates

Holiday Flex Disclosure

Except as specifically described, the following disclosures apply to all of the accounts. 1. Rate Information. The Annual Percentage Yield (APY) given above is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. The Dividend Rate and APY may change daily as determined by the Credit Union’s Board of Directors. 2. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. The Dividend Rate and APY are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. 3. Compounding and Crediting. Dividends will be compounded and credited as set forth above. The Dividend Period for each account is set forth above. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. 4. Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. Dividends will begin to accrue on collection items (e.g. insurance drafts) on the day we receive the funds from the issuing institution. Except for Share Certificates, if you close your account before dividends are paid, you will not receive the accrued dividends. 5. Balance Information. Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. 6. Transaction Limitations. You may not make more than three withdrawals or transfers per month from your Share Account to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. Additionally, you are limited to three automatic overdraft protection transfers to your share draft account per month. If you exceed the Share account transaction limitations set forth above in any month, your account will be subject to a fee of $3.00 per transaction. Three over-thecounter and three draft (check) withdrawals are allowed per month from your Money Market Account. A $10.00 fee is assessed for each Money Market withdrawal that exceeds this limitation. The minimum amount you may withdraw from a Money Market Account is $250. 7. Early Withdrawal Penalty. Withdrawals made from an IRA before age 59 1/2 will be assessed a $50 fee per withdrawal. Share accounts closed within six months of opening will be assessed a $5.00 fee. Three withdrawals are allowed on the Holiday Flex account from January through December of each year. Excessive withdrawals during this period will be subject to a penalty of 30 days dividend or a minimum of $15.00 per transaction. 8. Deposit Insurance. Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Questions? Our Member Services Team is Here to Help!

memberservices@baptistcu.org | 1 (800) 222-2328