Savings & Investments

Regular Share (Savings)

This account is the basis of all membership activity. With this account your can open a checking, apply for a loan, and use all of our free electronic services. You only need $5 to open the account. Once you reach a balance of $500 or open another account relationship, the account is free. Current fees can be found here.

All Aboard Youth Share Account

This account is geared toward members up to age 25. The account requires only $5.00 to open and pays a much higher dividend rate for the first $500 on deposit. Balances greater than $500.01 will earn the prevailing dividend rate.

Christmas Club

This account is ideal for members who want to lay-away their money now, for the holiday buying season later. You can open the account with as little as $5.00 and you can make automatic deposits or make deposits when you have a little extra.

Money Management Account

A Money Management Account (money market) is just right for the liquidity you need and the dividends you deserve. With tiered rates, your money works hard for you at every level. The low minimum balance and competitive dividend rates makes this account perfect for all your savings needs. Minimum balance and tier requirements as well as current rates can be found on our rates page.

Certificates of Deposit

A Share Certificate (Certificate of Deposit) works well for the first time or seasoned saver. You'll earn competitive dividends with low opening balance requirements. We even offer 1-year Jumbo Certificates! Terms vary from 6 months to 5 years. Minimum balance requirements and current rates can be found on our rates page.

Individual Retirement Account

A variety of Individual Retirement Account (IRA) choices are available from Railroad & Industrial.  You can open an IRA with rollover 401(k) funds, former pension plans or open a new one to start saving for retirement now. And as an added benefit, the National Credit Union Administration (NCUA) has increased the insurance on IRAs to $250,000. No matter which IRA you choose, you’ll enjoy the tax relief benefits. Current rates can be found on our rates page. Our IRA choices include:

Traditional IRA

  • A Traditional IRA is for you if you want to save on taxes now. A Traditional IRA makes sense for you if you want to defer income taxes now or if you think you’ll be in a lower tax bracket later. Consult your tax advisor for deductibility and deferment details.

Roth IRA

  • A ROTH IRA is a good choice if you want to save taxes later. A Roth IRA makes sense if you don’t need a tax break now or if you want flexibility with distributions later.

IRA Share

  • Minimum to open $5
  • Minimum to earn dividends $5
  • No annual administration fee
  • Allows contributions throughout the year through payroll deduction

IRA Certificate

  • Minimum to open $500
  • Minimum to earn dividends $500
  • No annual administration fee
  • Allows contribution a renewal date only
  • Certificate terms from 6 months to 5 years
  • Jumbo Certificates available

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