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Compass Community CU Home

Formerly California State & Federal Employees’ Credit Union

Savings, Certificate of Deposits & IRA

Savings, Certificate of Deposits & IRA

Savings Account

The primary share (savings) account earns higher dividends than similar savings accounts offered by other financial institutions. Dividends are earned from the day of deposit to the day of withdrawal and are compounded daily and paid quarterly. Only a $5 minimum balance is required so open one today.

You can also open additional savings accounts and put money away for Christmas, vacations or that big purchase.

 

Certificate of Deposit (CD)

Invest funds you don’t immediately need and enjoy a greater return. Fixed rates are guaranteed for the length of the term and only require a minimum deposit of $500.  Choose from 6 to 60 months.

 

⇒ Ready To Open Your Savings or Certificate of Deposit Account?

For current members, to open an additional savings or checking account, simply fill out the Account Agreement, sign and print it out. You are not able to save the application so make sure you print it out. You can mail it in or stop on by.

Not a member yet?  No problem, just complete the Membership Application. Print and complete or type in your information and print it out.  You are not able to save the application so make sure you print it out.

Include a minimum $5 deposit to open your savings account (required for membership).  Also include a copy of a current government issued picture ID for each signer.  Just mail it in or come on by the branch.

 

 

IRA Certificate of Deposit (CD)

We offer both Traditional and Roth IRA’s (Individual Retirement Account) to help you save for the future.  Our Certificate of Deposit (CD) requires only a minimum deposit of $500. Choose from 6 to 60 months with dividends compounded daily and paid quarterly.

Traditional IRA

  • Contributions are tax deductible on state and federal income tax*
  • Contribute up to $6,000; age 50 and older can contribute up to $6,500
  • Early withdrawals subject to penalty**
  • Withdrawals can begin at age 59½ without penalty
  • Mandatory withdrawals at age 70½

Roth IRA

  • Contributions are NOT tax deductible
  • Contribute up to $6,000; age 50 and older can contribute up to $6,500
  • After 5 years, earnings are 100% tax free at withdrawal
  • Early withdrawals subject to penalty**
  • No mandatory distribution age
*Subject to some minimal conditions. Consult a tax adviser.  
**90 to 180 days of interest and IRS penalties. Certain exceptions apply, such as healthcare, purchasing first home, etc.
IRA requires additional paperwork - call 1-800-440-8662 to speak to a specialist.

 

View Rates

View Savings Calculators

Savings, Certificate of Deposits & IRA

Savings Account

The primary share (savings) account earns higher dividends than similar savings accounts offered by other financial institutions. Dividends are earned from the day of deposit to the day of withdrawal and are compounded daily and paid quarterly. Only a $5 minimum balance is required so open one today.

You can also open additional savings accounts and put money away for Christmas, vacations or that big purchase.

 

Certificate of Deposit (CD)

Invest funds you don’t immediately need and enjoy a greater return. Fixed rates are guaranteed for the length of the term and only require a minimum deposit of $500.  Choose from 6 to 60 months.

 

⇒ Ready To Open Your Savings or Certificate of Deposit Account?

For current members, to open an additional savings or checking account, simply fill out the Account Agreement, sign and print it out. You are not able to save the application so make sure you print it out. You can mail it in or stop on by.

Not a member yet?  No problem, just complete the Membership Application. Print and complete or type in your information and print it out.  You are not able to save the application so make sure you print it out.

Include a minimum $5 deposit to open your savings account (required for membership).  Also include a copy of a current government issued picture ID for each signer.  Just mail it in or come on by the branch.

 

 

IRA Certificate of Deposit (CD)

We offer both Traditional and Roth IRA’s (Individual Retirement Account) to help you save for the future.  Our Certificate of Deposit (CD) requires only a minimum deposit of $500. Choose from 6 to 60 months with dividends compounded daily and paid quarterly.

Traditional IRA

  • Contributions are tax deductible on state and federal income tax*
  • Contribute up to $6,000; age 50 and older can contribute up to $6,500
  • Early withdrawals subject to penalty**
  • Withdrawals can begin at age 59½ without penalty
  • Mandatory withdrawals at age 70½

Roth IRA

  • Contributions are NOT tax deductible
  • Contribute up to $6,000; age 50 and older can contribute up to $6,500
  • After 5 years, earnings are 100% tax free at withdrawal
  • Early withdrawals subject to penalty**
  • No mandatory distribution age
*Subject to some minimal conditions. Consult a tax adviser.  
**90 to 180 days of interest and IRS penalties. Certain exceptions apply, such as healthcare, purchasing first home, etc.
IRA requires additional paperwork - call 1-800-440-8662 to speak to a specialist.

 

View Rates

View Savings Calculators

Compass Community Credit Union

PO Box 1268
Eureka, CA 95502-1268

707-443-8662
800-440-8662

NMLS #423538

CSFECU Top 200

Federally Insured by NCUA

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 1-800-440-8662 for assistance.

Compass Community Credit Union

PO Box 1268
Eureka, CA 95502-1268

707-443-8662
800-440-8662

NMLS #423538

CSFECU Top 200

Federally Insured by NCUA

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 1-800-440-8662 for assistance.