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Savings Accounts

Regular Share Savings

Share Savings Accounts enable members of Community First Credit Union to accumulate money regularly for both short and long-range financial objectives.

With a Share Savings Account, your funds are available when you want them to meet any emergency that may arise - without delay. Accounts may be opened for a minimum of $5.00 and deposits may be made at anytime.

Two types of Share Savings Accounts are available:

  • A Single Account is held by one member only.

  • A Joint Account is an account held jointly by one member and any other person such as a husband and wife, or dependent children. A joint account requires signatures of both members on the membership card. Either member may deposit and/or withdraw savings from the account.


Share Certificates

Your money will be deposited for a specific time period, ranging from 6 months to 5 years. Be sure to ask about our additional bonus of 0.10% that will be paid for deposits of $50,000 or more for 2, 3, 4, and 5 year terms.

  • Do you like those longer term rates, but do not want to tie up all your money for years. A Certificate Ladder may be the answer.

  • Suppose you have $5,000 to invest. Buy five certificates maturing in 12, 24, 36, 48, and 60 months. When the 12 month certificate matures roll it over to a new 60 month certificate. In this way you are always buying longer term certificates which usually pay a higher dividend. At the same time you have a maturity each year so that some of your money is available if needed.

  • Create your own ladder with maturities that fit your desired frequency. You may want a maturity every 6 months. Once established you will be buying longer term, higher yielding, certificates while having shorter periods until your next maturity.

To view our current Share & IRA Certificate terms, visit our rates page. The annual percentage yield is accurate as of the last dividend declaration date.

* Early withdraw Penalty for Certificates of Deposit: could be the loss of up to six months earned dividends.


Money Market Accounts

Earn more when you save more! A MMA is a variable rate Share Savings Account that pays higher dividends than a regular Share Savings Account.

Open with a minimum of $2,500, and maintain a $2,500 balance to earn the current MMA rate. Balances that fall below $2,500 will earn the regular Share Savings dividend rate.

Earn dividends monthly and withdraw funds when needed with no limits. You will earn more when you save more.

*$2,500 minimum deposit is required to open a Money Market Account. If you fall below the minimum balance requirement of $2,500 a $10.00 fee will be assessed.


IRA Certificates

We offer a variety of IRA options such as Roth IRAs, Traditional IRAs, and Coverdell Education Savings Accounts (ESAs), with fixed rates.

IRA certificates are another way to prepare for your long-term financial goals. We offer rates for any maturity date from 6 months to 5 years with a minimum deposit of $500.00.

IRA Certificates give you a great, risk-free alternative for your retirement savings, with additional return!


Christmas Club

Save all year long for your holiday shopping.

Deposit each payday, through your online banking account or even through payroll deduction or direct deposit. Then, during the first week of October, the balance in your Christmas Club Account will be transferred to your Checking Account, MMA, or Share Savings Account just in time for holiday shopping!

A Christmas Club is a special savings for Christmas expenses. Christmas Club withdrawal before maturity is $5.00. If any withdrawal is made from the Christmas Cluib before October, a fee of $5.00 will be charged.

*This account automatically renews each year until canceled.


Vacation Club Accounts

Make your dream vacation come true!

Disney, the Bahamas, Rome or Spain. First determine how much you will need to save and how much you should contribute with each paycheck, then open up an account and keep depositing money into your Vacation Club account.

Deposit each payday, through your online banking account or even through payroll deduction or direct deposit. Start your dream vacation account with as little as $5 and earn dividends while your account grows.

Funds become available in early June.

*No withdraws are permitted until funds are released in early June. If withdrawals are made prior to this time, an early account closure fee may apply. This account renews each year until canceled.

Special Savings Accounts

This special account is kept separate from your regular savings account.

Whether you are planning a graduation party, saving for college, money down for a new home or car, this account will allow you to save specifically for that purpose.

Let us make saving easier for you by using this account in conjunction with payroll deduction or direct deposit and make your savings plan easier to manage.

*The minimum balance to open a Special Savings account is $5. This account must be open for a minimum of 60 days to avoid the Early Account Closure Fee.


Direct Deposit

To take advantage of this service, simply stop in or call and we will guide you through the direct deposit process.

Your check will continue to be made out to you, but will be sent for deposit here to your account at no additional charge to you. This service may be cancelled at any time and you will begin receiving your payments at home again.

Arrangements can also be made for other recurring checks or payments to be deposited to your account. Remember, all deposits are NCUA insured.