If the interest has already been paid, the penalty may be deducted from the principal of the certificate or your share account. Exceptions to Early Withdrawal Penalties. When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction. The renewal policy on certificates is indicated above. All certificates will automatically renew for another term upon maturity.
Certificates are nontransferable and non-negotiable.
Certificates may not be pledged to secure any obligation of an owner, except obligations with Colorado State Employees Credit Union. IRA certificates cannot be pledged.