Invest
Saving today means a better tomorrow. We offer several savings options to fit your needs. When you place your hard-earned money in a CCFCU account, you can rest easy knowing your money is securely insured, earning high rates, and managed locally by people who know and care about you.
IRA's
Individual Retirement Funds – Planning for retirement isn’t as hard as it sounds, but there are a lot of options out there. An IRA lets you defer tax dollars now while you save for retirement. If eligible, you can contribute up to the maximum allowable 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.
Share Certificates (CDs)
A Certificate of Deposit Product – Share Certificates are available with terms ranging from 6 months to 5 years. Dividends can be transferred to your share/savings account, Money Market account, draft/checking account or paid directly to you by check. Dividends can also be compounded. CCFCU’s Share Certificates and Jumbo Share Certificates offer dividend rates that are among the most competitive in today’s market.
Money Market
Our Big MMAC is a Money Market Account that provides more access than a traditional Share Certificate. A minimum deposit of $2,000 is required to open the account, there are no other limitations. Your dividends are paid monthly on the daily balance.