RALEIGH, N.C. (9/29/09)--State Employees’ CU (SECU) Bridge account, introduced in 2007, is helping transition savers into investors, says the credit union. The account provides an avenue for saving without the risk of loss associated with the stock market by offering the security of National Credit Union Administration insurance. With earnings tied to the quarterly change in the Standard & Poor’s (S&P) 500 Index, the account can earn as much as 3% per quarter and did so for the second quarter of 2009. With only one week left in the third quarter, it is likely that maximum earnings also will be paid for this quarter, SECU said. More than 4,500 members of the $16.7 billion asset, Raleigh, N.C.-based credit union have Bridge accounts with assets totaling more than $3.5 million. Accountholders are working toward accumulating funds needed to open investment accounts at SECU, which have grown in recent months, SECU said. Bridge accounts can be opened with a minimum of $25 and will accept deposits up to $3,000. If market returns are positive during a quarter, dividends will be paid up to the maximum rate of 3% --or a 12% annual percentage rate/12.55% annual percentage yield. If market returns are negative, no dividends will be declared for that quarter, but there also will be no loss, SECU said. “The SECU Bridge account is an excellent no-risk tool to help members establish the savings needed to ultimately become investors,” said Joan McCool, SECU senior vice president of individual retirement account and investment services.