Savings

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.

Become a member with a $25.00 minimum deposit
Free direct deposit & payroll deduction
Receive competitive quarterly dividend rates
Free C.U. Online (Home Banking 24/7 Access)
Free Audio Response (Touch Tone Teller)
Free E-Statements
Dividends paid quarterly

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.

Minimum deposit of $1000 to open and earn Dividends*
Unlimited deposits, withdrawals/transfers in person at a branch, ATM or by mail request
Pre-authorized, automatic, telephone or Internet transfers are limited to six (6) per month, three (3) of which can be by check
Free Direct Deposit & Payroll Deduction
Dividends accrue daily and credited monthly
No term restrictions
* $25 Fee is assessed if account drops below $1000.00

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.

3 mo Share Certificate with minimum deposit of $10,000
6 mo to 5 years with a minimum deposit of $500
6 month Youth Share Certificate with a minimum deposit of $100
Dividends paid quarterly

Christmas Club Accounts

Plan for the holidays, a special vacation or tax time by saving a little each month.
• Open a Christmas Club Account for just $10.00; add any amount at any time
• Free online transfers into the Christmas Club Account
• Free Direct Deposit & Payroll Deduction
• Receive competitive quarterly dividends
• 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.
• Traditional IRA
• Roth IRA
• IRA Certificates
• Dividends paid quarterly
ESA’s: Education Savings Accounts & Certificates

Get an edge on education costs with a Coverdell Education Savings Account for the kids.
Earnings are tax-free if used for education expenses
Students may be the beneficiary on more than one ESA-total contributions cannot exceed $2000
• Any individual (meeting adjustable gross income requirements) can make a non-deductible contribution
• ESA Certificates
• Dividends paid quarterly
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.
• Minimum deposit of $5.00
• Planet M up to age 12
• Boom account for ages 13 to age 18
• 6 mo Youth Share Certificate with a minimum $100 deposit
• Free C.U. Online (Home Banking 24/7 Access)
• Free Audio Response (Touch Tone Teller)
• Free E-Statements
• Dividends paid quarterly on balances over $25.00
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:
• No minimum monthly balance
• No minimum monthly service charge
• Free Checks (1 box per year standard design)
• Five (5) Free money orders per month
• Five (5) Free cashier’s checks per month
• Free unlimited ATM access at CCCU owned ATM's
• Free MasterCard Debit Card with Rewards or ATM Card, with (4) free ATM withdrawals and (4) free inquiries per month at foreign ATMs.
• Overdraft Protection Available
• $5.00 discount off 3X10 safe deposit box per year

What is an IRA?

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.

In 2024, if you're under age 50, you can contribute up to $7,000 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 $8,000 in 2024. 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. For example, you can contribute to your IRA for 2024 until April 15, 2024.

To open an IRA speak 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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Savings

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

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Checking

CCCU has a checking account that meets your needs and lifestyle, whether you’re looking to go paperless, earn rewards, or just keep it simple and convenient.

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Loans

Let CCCU help you find the right vehicle that fits your budget. If you don’t know up to how much you can afford, CCCU can pre-approve your loan and take the guess out of car shopping.

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Services

Central Communications Credit Union offers essential financial services such as online banking, bill payment, mobile banking, direct deposit, and identity theft protection. Additional services include ACH transfers, safe deposit boxes, and legal assistance through Legal Shield.

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