X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RALEIGH, N.C. — To help promote saving and educate members on stock market investing, State Employees’ Credit Union has rolled out its new Bridge Account.

The account requires a minimum $25 deposit and a maximum balance of $3,000. Dividends paid on Bridge accounts will be based on the quarterly change in the S&P 500(R) Index. The maximum quarterly dividend will be 3% [12.00% annual percentage rate/12.55% annual percentage yield], according to SECU. If the market returns are positive, dividends will be paid up to the maximum rate. If the market returns are negative, no dividends will be declared for that quarter, but there will be no loss, the CU said.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.