Savings Products

Club Accounts
Share Certificates
Money Markets
Rule of 72

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At Community Credit Union, we offer a variety of Savings Products to provide solutions for our members.

Club Accounts

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Community Credit Union offers a variety of Club Accounts in an effort to help members save for specific purposes:

  • Christmas Club
  • Vacation Club
  • Flex Club
  • IRA Club

Share Certificates

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Community Credit Union offers a variety of Share Certificate options with terms ranging from 6 months up to 5 years and a minimum deposit of $500.

Share Certificates are safe, stable investment options that allow members to lock in a fixed rate of return for a specified term and generally offers a higher dividend than rates of Share and Money Market accounts.

  • Dividends are paid monthly
  • Automatically renewable unless otherwise specified
  • Dividends can be automatically transferred into another account

Money Markets

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Community Credit Union offers a variety of Money Market tiers with balances starting at only $2,500.

Money Markets are a tiered share account, which offers a higher interest rate than a Share Account. It also has the convenience of limited check writing privileges.

  • Account is accessible by check
  • Dividends are paid monthly
  • Limited to 3 drafts per month
  • Minimum of $300 per draft

Double Your Money: All About The Rule of 72

The Rule of 72 is a common formula in the financial world that is used to calculate how long it will take to double your investment (or deposited funds) at a specific rate of interest. All you do is divide the number 72 by the rate of earnings. The result is the number of years it will take for your money to double.

For example:

  • 2% interest. (72 / 2 = 36) It will take 36 years for your money to double
  • 4% = 18 years
  • 8% = 9 years

This formula works if the earnings are reinvested rather than withdrawn. It does not, however, take into account taxes due on earnings.

*Savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government, the National Credit Union Administration.


If you have a dispute with Community Credit Union regarding your deposit or share account, you may contact us at 207.783.2096 and attempt to resolve the problem directly. If we fail to resolve the problem, please communicate the problem and resolution you are seeking to:

Maine Bureau of Financial Institutions
Consumer Outreach Program
36 State House Station
Augusta, ME 04333-0036

To file a complaint electronically, you may contact the Maine Bureau of Financial Institutions at

The Maine Bureau of Financial Institutions will acknowledge receipt of your complaint promptly and investigate your claim. You will be informed of the results of the investigation.