Our Products
Checking
Checking Accounts at UFCW Community means no hidden costs but lots of extras.
- No minimum balance
- Check Cards
- Free Bill Pay
- Free Home Banking
- Free E-Statements
- Unlimited check writing
Savings
Savings
- Provides a small return on your money…but keeps your money accessible at a moments notice.
- $5.00 minimum balance
- $5.00 membership fee
*minimum $100 balance to receive dividends - Free 24 hour home banking and automated phone access
Super Sonic
The account is dividend bearing with slightly less flexibility than a traditional savings account
- $500 minimum balance
- Guaranteed return on investment
- Rates set quarterly
- No service fees
- Free 24 hour bank by phone account (Speedy Access)
Certificates
- Liquidity of funds is inversely related to dividend bearing; the longer the term, the greater the return.
- Guarantee return on investment
- Requires a minimum deposit, amount may vary with term, dividend bearing rate
- Wide variety of terms, ranging from 6 months to 5 years
- Penalties charged for early withdrawal of funds
Individual Retirement Accounts (IRA's)
Long term investment, created to supplement your retirement and educational needs.
Traditional IRA
This plan offers tax-deferred earning and the possibility for tax-deductible contributions. The plan is subject to IRS regulations.
- No Minimum
- Deposits allowed at any time.
- With a traditional IRA you may be able to deduct the contributions made to the IRA from your income taxes. Money can be withdrawn after age 59 1/2 but will be taxed as ordinary income.
Traditional IRA Forms
- Traditional Application
- Traditional Beneficiary Change
- Traditional Contribution and Investment Selection
- Traditional Change Notice
- Traditional Direct Transfer
- Traditional Withdrawal
Roth IRA
This plan offers more incentives to boost retirement savings. Contributions are not tax-deductible, however, earning can be withdrawn tax-free as long as they conform to the plan revisions.
- No Minimum
- Deposits allowed at any time.
- The Roth IRA holds after-tax dollars. By maximizing your contributions, you will add greater tax leverage to your retirement savings. Money can be withdrawn after 5 years and at age 59 1/2 and will not be considered taxable income.
Roth IRA Forms
- Roth Application
- Roth Beneficiary Change
- Roth Contribution and Investment Selection
- Roth Change Notice
- Roth Withdrawal
Coverdell Educational IRA
This is a tax-advantaged saving plan that will help pay for a child's education expenses. Contributions are not tax-deductible; however, earnings can be withdrawn tax-free as long as it is used for the education of a child.
- No Minimum Balance required to open
- Deposits allowed until 18th birthday
Coverdell Educational IRA Forms
- Coverdell Application
- Coverdell Beneficiary Change
- Coverdell Contribution and Investment Selection
- Coverdell ESA Change Notice
- Coverdell ESA Direct Transfer
- Coverdell ESA Withdrawal
NCUA insures all IRA's up to $250,000 If you want to learn more about an IRA or are ready to open an account, call or stop in to speak to a Member Service Representative at one of our four convenient branches.