Many Americans spend more than they save, and nearly one in five people are saving less than 5 percent of their income (according to a 2015 Bankrate survey). What makes saving so important? It allows you peace of mind that you are prepared for any type of expense, including unexpected emergencies, repairs, and opportunities. Setting goals for saving can vary from small emergency funds to saving for large purchases to long-term savings for retirement.
Saving money doesn't always have to be hard work. Effortlessly increase your funds by depositing money in a savings account from each paycheck or monetary gift you receive. You can also transfer funds to your savings account via Online Banking, Mobile Banking, or Telephone Banking...OR you can set up a direct deposit or automatic transfer of funds directly to your savings account for even more convenience. Set up recurring transfers within Online Banking by selecting Transfers/New and using the drop down field to select the transfer frequency (weekly, bi-weekly, semi-monthly, monthly) or speak with a Member Service Representative for assistance.
Are you saving for something special? You can open a secondary savings account to keep those funds separate from other savings balances. Naming the secondary account (Vacation Fund, Wedding Money, etc) will also be a constant reminder that you are working toward achieving a savings goal. You can open your own secondary savings account within Online Banking in the Services tab/Open Sub Account option. Renaming your account with a pseudo name can be done in Online Banking in the Settings/Account menu.
PRIMARY SHARE ACCOUNT
A Primary Share Savings account is your personal part of 1st Community Credit Union. Maintaining $5.00 in your Savings account makes you a member and allows you to take advantage of other 1st CCU products and services.
ULTIMATE SAVINGS ACCOUNT
With a minimum opening deposit of $1000, you’ll earn a higher dividend rate and there are no fees. If your balance falls below the $1000 minimum a reduced dividend will apply.
MONEY MARKET SHARE DRAFT ACCOUNT
With a minimum opening deposit of $1000, you’ll earn a higher dividend rate and have the ability to write checks. Access to your funds is easy – unlimited transactions in person, or you may clear up to 3 checks per month from this account. (Service charges apply for more than 3 checks per month).
Certificates are available in a variety of terms and rates. When you purchase a certificate, your rate is guaranteed for the term you select, with penalties for early withdrawal.
Subject to minimum opening deposit requirements. Contact 1st CCU for details.
NON-INTEREST BEARING SHARE ACCOUNT
This account is designed for nonprofit organizations. This account allows you complete access and insured safety without earning dividends.
CHRISTMAS CLUB ACCOUNT
Open with as little as $25.00 and save throughout the year. The balance of your account is available for withdrawal on November 1, just in time for the season's shopping.