The money you save throughout the year, plus the dividends earned, will be transferred to your MECU checking or savings account on the first business day of November for the holiday savings account or the first business day of June for your vacation savings account.
Savings insured up to $250,000, and Individual Retirement Accounts are separately insured to $250,000, by the National Credit Union Administration, a U.S. Government agency. An additional $250,000 of coverage is provided by Excess Share Insurance.