Savings Accounts

Saving is an important part of your financial plan. Quaker Oats Credit Union offers several savings accounts to fit your needs.

Share Savings Account

Investing only $5 in a Share Savings Account buys you a share of Quaker Oats Credit Union and makes you a member-owner. This also enables you to take advantage of all the products and services QOCU has to offer.

Minimum of $5 to open a regular share savings account.
Dividends paid on balances of $100 and over.
Deposit and withdrawal upon demand without penalty.

Please contact the credit union or complete the online forms to open a Share Savings Account.

Money Market Account

A Money Market Account is a special savings account that offers a rate of interest higher than a regular share account.

Minimum of $2,500 to open a Money Market Account.
Dividends paid on balances of $2,500 and over.
Deposit and withdrawal upon demand without penalty.

Please contact the credit union to open a Money Market Account.

Christmas and Vacation Club Accounts

Christmas or Vacation Club Savings Accounts are designed to help you save for these special times. Transfer funds throughout the year into your Club Account each pay period or each month.

No minimum balance to open a Christmas or Vacation Club Account.
Christmas Club money will be automatically transferred to regular savings accounts on November 1st every year.
$10 early withdrawal fee per withdrawal on Christmas Club accounts only.
If you currently have a Christmas Club Account, you do NOT need to re-open the account for next year. The account will automatically restart with your first pay period in November.

Please contact the credit union to open a Christmas or Vacation Club Account.

LIFE Timer’s Club Account

The LIFE Timer’s Club is a savings account for members 55+ years old. For a minimum balance of $1,000 you can get many benefits such as:

Free Liberty Checks (1 box a year)
Free Cashier Checks
HIGHER CD Rates
LOWER Loan Rates

Please contact the credit union to open a Life Timer’s Club Account.

*A Share Savings Account must be opened before any additional accounts can be opened. Each member is insured up to $250,000 by the National Credit Union Administration.

Apr

Fri

Closed for Good Friday

Tickets

Apr 2 all-day

Apr

Mon

69th ANNUAL MEMBERSHIP MEETING @ New Covenant Church

Tickets

Apr 19 @ 3:30 am – 6:00 am

JOIN US FOR THE
69^th ANNUAL MEMBERSHIP MEETING
New Covenant Church, 3090 N. Center Point Rd, Cedar Rapids, IA

Monday, April 19^{th
3:30 pm credit union closes early
4:30 pm doors open
5:00 pm meeting starts}

“Meal-To-Go” for each family who registers and attends!
Plus, you’ll be entered into the prize drawings!

All Quaker Oats Credit Union members are invited to attend the 69^th Annual Membership Meeting on Monday, April 19^th at 5 pm, at the New Covenant Church, 3090 N. Center Point Rd, Cedar Rapids. Face masks or coverings will be required, and we have plenty of room for everyone to social distance. We will not be serving food or refreshments, but each family that RSVPs and attends will receive one “Meal-To-Go” to share. The business meeting and election will start promptly at 5 pm, and we’ll wrap up by drawing names for the door prizes.

Please RSVP by April 5^th to ContactUs@QuakerOatsCU.com with the first and last name of everyone from your family planning to attend. Those members who RSVP will be eligible for the prize drawings; however, we will limit it to one prize winner per account number. Plus, those who RSVP will be eligible to receive a Meal-To-Go!

As a not-for-profit financial cooperative, QOCU’s board is comprised of elected members who volunteer their time to represent the entire membership and make decisions on their behalf. Members age 16 and older may vote to fill three positions on the Board of Directors, with each position serving a three-year term. A listing of the candidate biographies will be posted to this page soon. Nominations will be taken from the floor at the annual meeting.

*Must RSVP before April 5th to be eligible for prize drawings and Meals-To-Go!

May

Mon

Closed for Memorial Day

Tickets

May 31 all-day

Jul

Mon

Closed in observance of Independence Day

Tickets

Jul 5 all-day

Sep