Savings, Certificates of Deposit and IRAs

Regular Share Accounts
As a Credit Union member, you are also an owner. Because of this, we refer to your savings account as a ‘share account.' Dividends are paid and compounded quarterly using the daily balance method of dividend calculation.

Call the Credit Union for current dividend rates and annual percentage yields or click on Savings Rates.

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government through NCUA, the National Credit Union Association. www.ncua.org .

Additional Savings Accounts
You can set up separate, segregated accounts for special purposes such as saving for a vacation. The account will be listed as a sub-account under your existing member number but it is separate from your regular share account balance so that the funds aren't commingled.

Christmas Club Account
Open your Christmas Club anytime during the year! Interest is calculated on the actual daily balance and is paid quarterly. There are no restrictions on the account - deposit as little or as much as you like!

Money Market Accounts
Our Money Market account is designed for people who want to earn a better yield on their savings without the restrictions of a certificate of deposit. The dividend rate and yield are determined by the amount of your account balance. You are allowed three free withdrawals per month and you must open the account with a minimum deposit of $2,500. Additional monthly withdrawals are assessed a small $5 fee. See Savings Rates.

Certificates of Deposit
Deposit funds into a Certificate of Deposit to earn higher dividends compared to a share account. The money will be locked in for the term that you choose and the dividends will be added to the account balance on a quarterly basis.

Early withdrawal penalties apply:
For CDs with terms of = 1 year, the penalty is 30 days' worth of interest.
For CDs with terms > 1 year, the penalty is 90 day' worth of interest.

Individual Retirement Account
IRAs are a safe and simple way to save money for your retirement. We offer an IRA share account with a varying interest rate or you can lock in a rate for a specific period with our IRA certificates. Traditional and Roth IRAs are available. Call the Credit Union for more information at 720-493-1270.

• Traditional IRA
  • This is the only tax-deferred account into which other qualified plan funds may be transferred.
  • You may convert funds to the Roth IRA, however conversions are taxable transactions.
  • Depending on your income level, this account may still allow a tax deduction for annual deposits.
  • Qualified tax-favored withdrawals are allowed for certain educational, medical and first time home purchases.
  • See your tax advisor to determine which IRA is right for you and if it makes financial sense to convert your traditional IRA funds to a Roth IRA.
• Roth IRA
  • Offers tax-free withdrawals to the person who allows the funds to grow tax-deferred for five years and until the age 59 ½.
  • The spousal beneficiary may transfer the funds into their own Roth IRA and continue tax-deferred savings even further after the owner's death.
  • Qualified tax-favored withdrawals are allowed for certain educational, medical and first time home purchases