© 2022 Central Communications Credit Union. All rights reserved.
At CCCU we have many savings options with payroll deduction making saving even
easier. All accounts are insured up to $250,000 by the National Credit Union
Administration.
Regular Shares (Savings)
We all know the importance of savings—whether you’re looking to save for that next
big purchase or for retirement, CCCU is the perfect place to save for a rainy day or a
sunny one! To become a member you can apply online or visit any one of our three
convenient locations. Membership begins with a Share Savings Account.
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Become a member with a $25.00 minimum deposit
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Free direct deposit & payroll deduction
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Receive competitive quarterly dividend rates
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Free C.U. Online (Home Banking 24/7 Access)
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Free Audio Response (Touch Tone Teller)
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Free E-Statements
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Dividends paid quarterly
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Tiered Money Market Accounts
CCCU’s Money Market Share account earns you more than a share savings account.
Free Direct Deposit and Payroll Deduction. Dividends accrue daily and credited
monthly. No term restrictions.
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Minimum deposit of $1000 to open and earn Dividends*
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Unlimited deposits, withdrawals/transfers in person at a branch, ATM or by
mail request
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Pre-authorized, automatic, telephone or Internet transfers are limited to six (6)
per month, three (3) of which can be by check**
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Free Direct Deposit & Payroll Deduction
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Dividends accrue daily and credited monthly
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No term restrictions
*A monthly fee of $25.00 will be charged if balance falls below $1000 during the monthly cycle.
**A $25 fee will be charged if excess of (6) withdrawals during the monthly cycle.
Savings and Investment Rates
Share Certificate
Central Communications Credit Union offers Share Certificates with the most
competitive rates available in the market. Choose a term to fit your needs, lock in at
a solid rate and watch it grow safely and securely.
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3 mo Share Certificate with minimum deposit of $10,000
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6 mo to 5 years with a minimum deposit of $500
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6 month Youth Share Certificate with a minimum deposit of $100
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Dividends paid quarterly
Christmas Club Accounts
Plan for the holidays, a special vacation or tax time by saving a little each month.
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Open a Christmas Club Account for just $10.00; add any amount at anytime
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Free online transfers into the Christmas Club Account
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Free Direct Deposit & Payroll Deduction
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Receive competitive quarterly dividends
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Christmas Club funds will be transferred to your Share Savings Account on the
first business day of October.
Individual Retirement Accounts (IRA)
No matter what stage of life you’re in, a credit union IRA can help with your financial
planning. The future arrives every day - now is the time to prepare for it.
An IRA provides either tax-deferred or tax-free way of saving for retirement.
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Traditional IRA
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Roth IRA
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IRA Certificates
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Dividends paid quarterly
ESA’s: Education Savings Accounts & Certificates
Get an edge on education costs with a Coverdell Education Savings Account for the
kids.
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Earnings are tax-free if used for education expenses
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Students may be the beneficiary on more than one ESA-total contributions
cannot exceed $2000
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Any individual (meeting adjustable gross income requirements) can make a
non-deductible contribution
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ESA Certificates
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Dividends paid quarterly
Savings and Investment Rates
Youth Accounts (Planet M and Boom)
Help your children, grandchildren, nieces or nephews learn the importance of saving
for the future. Receive a CCCU gift bag with the essential tools to help youth learn
good financial management.
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Minimum deposit of $5.00
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Planet M up to age 12
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Boom account for ages 13 to age 18
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6 mo Youth Share Certificate with a minimum $100 deposit
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Free C.U. Online (Home Banking 24/7 Access)
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Free Audio Response (Touch Tone Teller)
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Free E-Statements
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Dividends paid quarterly on balances over $25.00
Required documents:
Social Security number of minor child
Social Security number and photo ID of the individual opening the account
Peer Club
Central Communications is serving not only the young, but the young at heart, with
the Peer Club, a program designed exclusively for our members 60 and older.
No Cost Checking:
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No minimum monthly balance
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No minimum monthly service charge
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Free Checks (1 box per year standard design)
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Five (5) Free money orders per month
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Five (5) Free cashier’s checks per month
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Free unlimited ATM access at CCCU owned ATM's
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Free MasterCard Debit Card with Rewards or ATM Card, with (4) free ATM
withdrawals and (4) free inquiries per month at foreign ATMs.
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Overdraft Protection Available
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$5.00 discount off 3X10 safe deposit box per year
Competitive Investment Savings Options:
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Share Certificates (CD's)
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Individual Retirement Accounts
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Tiered Money Market Share Accounts
Convenience:
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Free Direct Deposit of Payroll, Pension and Social Security Benefits etc..
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Free Payroll & Pension Deduction
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Free Audio Response (Touch Tone Teller)
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Free CU Online (Home Banking 24/7 Access)
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Free Mobile Banking
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Free Bill Payer Service
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Free e-Statements
Image of Union Station courtesy of Terry Weckbaugh - Image Quest
An IRA, or individual retirement account, is
a retirement savings account that allows an
individual to make an annual contribution
of employment income, up to a specified
maximum amount. Similar to a 401(k), your
IRA contributions can lower your taxable
income, and capital gains are tax-deferred
until you begin withdrawing your funds as
income.
The rules for IRAs, and whether your
contributions are tax deductible, vary
according to income levels and other
factors, such as the type of IRA and
whether you participate in an employer-
sponsored retirement plan. Generally
speaking, however, IRAs offer the
opportunity for tax-rate optimization, since
most individuals fall into lower tax brackets
during their retirement years. By
postponing taxation on funds you
contribute to your traditional IRA, not only
are you likely to be taxed later in time, you
can also enjoy a lower rate of taxation on
your funds. With Roth IRAs your savings
can accumulate on a tax-free basis.
If you're under age 50, you can contribute
up to $5,500 this year, with the amount
occasionally adjusting upward for inflation.
Once you reach age 50, the typical limit
grows by $1,000 due to a "catch-up" rule, to
a total of as much as $6,500 in 2019. No
matter what your age, you cannot
contribute more than your (or your
spouse's) taxable compensation.
If you can't come up with that kind of cash
right now, don't worry. You actually have
until the tax-filing deadline to contribute to
your IRA. So you can contribute to your IRA
for 2018 until April 18, 2019, and your IRA
for 2019 until April 17, 2020.
To open an IRA to one of our Member
Service Representative today. If you need
help assessing which type of IRA account is
best for your needs, consider consulting
with a professional financial planner.
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816-842-0727 or 800-254-1535
Regular Share Savings Account
Tiered Money Market Account
Share Certificate
Christmas Club Account
Individual Retirement Accounts (IRAs)
Education Savings Account
Youth Accounts
Peer Club