Can I withdraw my money early from an 18-Month Term Certificate? What are the penalties?

Yes, early withdrawals are allowed but subject to penalties.

Early withdrawal made during the first ninety (90) days from the opening date or renewal of the Term Savings Certificate:

• The penalty shall be the dividends earned on the withdrawn amount.

Early withdrawal made more than ninety (90) days after the opening or renewal of the Term Savings Certificate:

• The penalty shall be all dividends earned up to the first ninety (90) days on the amount withdrawn.

Early withdrawal penalties will not apply to:

• Withdrawals of paid dividends.
• Withdrawals made following the death or complete physical disability of any Owner.
• Withdrawals from certain retirement or pension accounts to effect a lawful distribution.
• Withdrawals resulting from the Credit Union’s failure to pay a scheduled dividend.