Investment & Savings Accounts

Regular Share/Savings Account

A regular share/savings account is opened by you when you join the Credit Union. Your savings are called "shares" because they represent shares of ownership. Think of it as a regular savings program.

The basic savings account of $25 must be maintained to preserve your membership. Dividends are paid quarterly on the average daily balance of $100 or more. Share balances below $100 will not earn a dividend.

Share Certificates

Share Certificates are available with terms ranging from 6 months to 5 years. Dividends can be transferred to your share/savings account, MMAC account, draft/checking account or paid directly to you by check. CCFCU's Share Certificates and Jumbo Share Certificates offer rates that are among the most competitive in today's market.

Money Market Account (Big MMAC)

Our Big MMAC is a money market account that provides more access than a traditional Share Certificate. With a Big MMAC account, you can withdraw or transfer up to three times per month, no less than $200 per withdrawal with no penalties. A minimum deposit of $2,000 is required to open. Your dividends are paid monthly on the daily balance.

Individual Retirement Account (IRA)

An IRA lets you defer tax dollars now while you save for retirement. If eligible, you can contribute up to a maximum of $5,000 each year to your IRA. The yearly amount you contribute could be deductible from your taxable income (if you are over 50, this amount is $6,000). You pay no taxes on the principal or the accrued interest until you begin withdrawals, at which time you will likely be in a lower tax bracket. CCFCU invites you to talk with our IRA consultant for specific information about account procedures, rates and legal requirements.

Christmas Club Account

Your Credit Union features specialized savings accounts designed to fit your particular needs, such as our Christmas Club. With at least a $25 opening deposit, you can begin your savings for that special Christmas! Make as many deposits as you want throughout the year. Withdrawals cannot be made before November. If a withdrawal is made before November, your account is closed and you cannot reopen until the following January. Dividends are paid monthly on your daily balance.

Scottie Savers

This special savings club is open to all eligible members 2 through 12 years of age. It's easy and simple to join and the kids can learn how to save and have fun earning prizes. All you have to do is open a membership account with at least $25.00. Dividends are paid quarterly on the average daily balance of $100 or more.

Like your savings, your investments are insured up to $250,000 by the NCUA.