As a credit union member, your member-owner status is represented by the shares you save at Common Trust FCU. That’s why we call your savings account a Regular Share Savings Account. You must open this account with an initial minimum deposit of $25.00, and maintain that balance to remain a member in good standing.
All Credit Union Savings Accounts and IRAs earn dividends when a minimum balance of $50.00 is maintained. Share Accounts earn money from day-of-deposit to day-of-withdrawal. Dividends are distributed quarterly. Your funds are insured by the NCUA. And you receive the service you deserve.
You may open other Share Accounts for specific savings purposes like education, taxes, vacations, or special purchases. To open another Share Account for any purpose, visit or contact us.
- Required to establish membership in CTFCU
- $25.00 minimum opening deposit
- Convenient free payroll deduction through your employers
- Dividends are compounded daily and paid quarterly
- Voting privileges at the Annual Member Meeting
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We’re a little over halfway through March, which means Tax Day is fast approaching. You may have already filed your return and are anxiously awaiting the direct deposit or have arranged your method of paying any outstanding dues. If you haven’t started filing—don’t wait! In the case of owing any money to the IRS, the due date for payment is still April 15th even if you file for an extension on the deadline.
Thankfully, there are a few ways to put a little more cha-ching in your wallet this tax season. You may even find that you’ve been neglecting some tax breaks and losing money on past tax returns as well. In this blog, we’ll dive into a few tips and tricks to save more money on your tax return while filing, and how to continue to save even after you file. In just six steps, you’ll be on the road to better understanding your tax return and how to make the most out of it.
Over the past two years, Common Trust Federal Credit Union has made huge strides towards becoming […]
If you’re like most people, taxes are the last thing on your mind when you start off the new year. Everything is running smoothly until you start getting rampant emails from Turbotax asking if you’re ready to file. A sizable refund can be a great way to save up for future purchases—but what if you find out you owe more than you get back? You may be racking your brain trying to determine where you could have gone wrong. Not to worry—a tax loan is the perfect way to pay off what you owe without breaking the bank. To make things a little easier, we’re going to review the ins and outs of tax loans, and how they can help you jump-start your debt payoff.
|Name||APY||Accrued||Dividend Rate||Minimum Balance|
|Regular Share||.05%||Monthly||.05%||$50 - paid Monthly|
|Holiday Share||.05%||Monthly||.05%||$50 - paid Monthly|
|Vacation Share||.05%||Monthly||.05%||$50 - paid Monthly|
|All Purpose Clubs||.05%||Monthly||.05%||$50 - paid Monthly|
APY - Annual Percent Yield. Rates are subject to change without notice.*APY - Annual Percent Yield. Rates are subject to change without notice.