Saving money
is very easy at Community Credit Union because of the
many options that are available to you. In fact, you can have
the funds deposited directly into the savings/share account
or checking account of your choice. Then, we can set up automatic
transfers to any account(s) of your choice. Our goal is to make
saving and managing your money as easy as possible so that your
money will grow.
NCUA
Each member
account insured to $100,000 by the National Credit Union Administration,
NCUA, an agency of the U.S. Government.
CERTIFICATE
ACCOUNTS
Certificates
and IRA's may have penalty imposed for early withdrawals.
Certificates
allow you to earn a higher return on your deposits. Annual Percentage
Yields indicated are for terms of 6 months through 5 years with
a minimum opening balance of $1,000. Also, certificates for
amounts of $500 or more but less than $1,000 are also available.
Contact the credit union for details.
SPECIAL
INVESTMENT ACCOUNTS
Special
Investment Money Market. This account allows you to earn a higher
annual percentage yield and requires $2,500 to open and maintain
the account.
SHARE/SAVINGS
ACCOUNTS
Share/savings
accounts are the primary member accounts at credit unions. An
opening balance of $25.00 will allow you to share in all of
the benefits that membership has to offer
IRA's
INDIVIDUAL RETIREMENT ACCOUNTS
At Community
Credit Union, we have the desired and proven venues to help
you plan your IRA investments for your more mature, golden years.
The Traditional
IRA allows you to grow account earnings tax deferred until withdrawn.
Your contributions may be tax deductible.*
The Education
IRA allows you to invest up to $500 per year, per child. The
accounts may be established by parents, grandparents, uncles
and aunts, as long as the amount per child does not surpass
$500 per year. Also, withdrawals for qualified higher education
expenses are TAX FREE.*
The Roth
IRA is a way to accrue tax free income during retirement. The
benefits of the ROTH are attractive, however, not everyone qualifies
nor is it the best intended option for everyone. Non tax deductions
are limited to a maximum of $2,000 for a wage earner filing
single and $4,000 for married couples filing jointly.*
Variable
Rate Traditional, Education and ROTH IRA's are also available.
* In all
decisions of this type, it is recommended that you contact your
personal financial advisor or tax accountant.
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Community
Credit Union
144 Pine Street
Lewiston, ME 04240
Branch
Office
40 Stanley Street
Auburn, ME 04210
Office Hours
DRIVE-UP Monday - Saturday ..........................7:30
AM to Closing
LOBBY
Mon - Friday ......................................9:00 AM
to 5:00 PM
(Auburn location open to 6:00 PM Fridays)
Saturday ............................................................9:00
AM to Noon
(Lewiston Location only)
