Savings

more>> Savings Calculator | Savings Rates

Regular Savings Account:

This account is an owner's share account. The minimum opening deposit is $5.00 plus a one-time account fee of $5.00. Residents of Lewis and Idaho county, family of current members, and member businesses are eligible for membership.

With an owner's share account, if you are at least 16 years of age, have not been an employee of KCCU for the previous 5 years, and are a member in good standing, you are eligible to participate in the affairs of the credit union by running for the board of directors, volunteering for a committee, and voting at our annual meeting.

Share Certificates:

Share Certificates are available with or without compounding interest for 3 months, 6 months, 9 months, 12 months and 24 month maturities. You can choose to have the interest deposited to your savings or draft account each month or let the interest compound until maturity. All of our certificates are automatically renewable at the interest rate offered as of your maturity date. We will send you a maturity notice before your certificate matures, but you must tell us if you wish to cancel it upon maturity. You will see our certificate interest rates are very competitive.

IRA's:

Your credit union offers traditional IRA's, IRA Certificates and Coverdell (Education) IRA's. KCCU IRA accounts are designated credit union share accounts. Talk to your tax professional about the benefits of IRA's and how they can be an important part of your family's financial plan.

Christmas Club:

These accounts are restricted accounts and are subject to closure and carry a substantial penalty for early withdrawal. All funds deposited to your Christmas Club accounts are held until maturity (November 1).

Medical Savings:

The State of Idaho has granted tax benefits for deposits to a qualifying medical savings account. You may be able to deduct up to $4000.00 in qualifying medical expenses and insurance deductibles and CO-payments for joint filers with a qualified account. Talk to your tax professional about the benefit you and your family may be eligible to receive by opening a medical savings account.