All Credit Human locations in New Orleans will be closed on March 4, 2025, in observance of Mardi Gras. Due to parade traffic, the Magazine Street location will also be closed on Feb 22 and March 1, with revised hours of operation (open from 9 am to 2 pm) on parade days (2/21, 2/26–2/28, 3/3).
    Due to system maintenance, online, mobile and phone banking access may be intermittently unavailable on Sunday March 2, 2025 from 7 am to 12 pm CT.

    Fall in Love with Your Finances

    2/6/2025
    4 min
    This Valentine’s Day, we’re ditching financial stress and falling in love with financial security by investing in a Credit Human Share Certificate

    At the beginning of 2025, our New Year resolution was to ditch the habits that keep us from reaching our financial goals—including the belief that investing is intimidating, too risky or only reserved for the financially savvy. This Valentine’s Day, it’s time to change your financial relationship status from “it’s complicated” to “happy and thriving” with a Credit Human Share Certificate.

    The truth is investing can be easy to do. In fact, if you’re already a Credit Human member with at least $500 in your regular savings account, you can do it right now in only a few minutes.

    Keep reading to learn how a Credit Human Share Certificate will help you reduce your financial stress, and watch the video at the end of this blog for the steps to take in your digital banking account to start today.

    What is a Share Certificate?

    A share certificate, like a certificate of deposit (CD) offered by banks, is a type of savings account provided by credit unions. When you invest in a share certificate, you agree to leave your money in the account for a specified term, during which it earns interest at a higher fixed rate than a regular savings account. At the end of the term, you can withdraw your initial deposit along with the accrued interest.

    Benefits of Investing in a Share Certificate at Credit Human

    • Guaranteed Returns: Unlike other investment options that fluctuate with market conditions, share certificates have a fixed interest rate. This means you know exactly how much you'll earn by the end of the term.
    • Grow Savings Faster: Share certificates typically offer higher interest rates compared to regular savings accounts which helps you earn more money faster.
    • Flexible Terms: Credit Human provides flexible term options ranging from as short as three months to as long as 10 years. This flexibility allows you to choose a term that aligns with your financial goals and needs.
    • Security: Your investment is federally insured up to $250,000 by the National Credit Union Administration (NCUA). This insurance ensures that your money is safe, providing you with peace of mind.
    • Automatic Renewal: At the end of the term, your investment will automatically be renewed if you choose not to withdraw. This feature makes it easier for you to reinvest your initial investment plus your earnings without additional action on your part.

    PRO TIP: If you want to maintain liquidity while still earning higher interest rates, consider a laddering strategy. This involves opening multiple share certificates with different maturity dates, allowing you to access your funds periodically without sacrificing returns.

    How Much Can I Save?

    How much you will save by investing in a Credit Human Share Certificate is determined by three factors:

    • How much your investment is
    • The length of your term
    • The Annual Percentage Yield (APY) at the time of your investment.

    The table below shows examples of three different Share Certificate investments with their earnings versus the earnings made in a regular savings account.

    fall-in-love-with-your-finances_table-(1).png
    Please note the table above is only an example and not reflective of current Share Certificate rates. See the current Credit Human Share Certificate rates here.

    Your “potential earnings” is money left on the table by opting for a regular savings account instead of a Share Certificate. Keep in mind, your potential earnings will grow faster each time you reinvest.

    How to Get Started

    As a Credit Human Member, you can open a Share Certificate in 5 easy steps through your account in digital banking. Read the steps below or watch the video tutorial.

    1. Log into your digital banking account.
    2. Select “Open an Account” and choose the Share Certificate you want to invest in.
    3. After validating your information, select which Credit Human account you want to pull the funds from and enter the dollar amount you want to invest. Click “Next.”
    4. Choose an option to either renew your certificate at the maturity date or have the funds transferred into your account.
    5. Ensure your selects are correct and hit “Submit.”

    By investing in a Credit Human Share Certificate, you can enjoy guaranteed returns, higher interest rates and the security of federal insurance. Fall in love with your finances by investing in a Share Certificate today.

    For personalized guidance with your finances, make an appointment with a Financial Health Center.