Savings Solutions

Kemba Checking - Kemba checking has all the advantages with none of the disadvantages often found with most checking accounts. There are no service fees, no per-transaction fees, and no minimum balance requirements.

What could be easier than having your deposits made automatically through payroll deduction or direct deposit? With these convenient options, your money makes it into your Kemba account on time, every time!

With your Kemba checking account, every check you write provides you with a carbonless copy for your records. Plus, you'll receive easy-to-read monthly statements to simplify account balancing.

REGULAR SHARE/SAVINGS ACCOUNT

Your regular savings account represents your share of ownership in the credit union. Your initial deposit of $5 establishes your account and is your opportunity to earn competitive dividends on passbook-type savings. Dividends on accounts with $100 or more are calculated daily and paid monthly. Deposits and withdrawals may be made at any time.

Money Market Account

The Money Market Account is an insured alternative to mutual funds, designed for CFCU investors who are interested in the benefits of a high-yield money market account, combined with the convenience, liquidity, and security of a regular savings account.

Rates are based on current money market rates, are computed daily, and paid monthly. Minimum balance is $2,500 to produce a high return. If your balance should temporarily fall below the minimum balance, you will earn interest at our lowest saving rate.

Money Market Accounts require no minimum withdrawal amount. There is no penalty for early withdrawal, no minimum investment period, and no sales charges, commissions, or fees. Your account enjoys high rates without the limitations of a long term investment.

SHARE CERTIFICATES

Kemba's Share Certificates are perfect for members who want to maximize earnings by investing their funds for a specific period of time. Maturities range from three months to five years, with minimums of $500. Our rates are competitive with area financial institutions, and vary according to the length of the investment.

Interest is compounded daily and paid monthly and may be accumulated and compounded or withdrawn monthly. As with any certificate program, there are substantial penalties for early withdrawals.

INDIVIDUAL RETIREMENT ACCOUNTS (I.R.A)

Thank you for inquiring about Kemba Credit Union's Individual Retirement Account (IRA) Program!

Kemba Credit Union currently offers competitive IRAs with competitive certificates of deposit options ranging from three months through five year maturities. Traditional and Roth IRAs are available through your credit union. You can invest in Kemba's IRA program with as little as $500.00. This minimum deposit is required for all fixed rate certificates. We also offer IRA funding through payroll deposits and/or manual weekly deposits, with an 18-month Variable IRA certificate. There is no minimum balance required for this option. The variable rate is adjusted on the first day of each calendar quarter.

Kemba is always happy to assist with any IRA transfers from other institutions or rollovers from previous employers' retirement plans. We will make the transition simple and hassle free via the IRA Service Center or contact us for further information regarding IRA transfers and rollovers by email or telephone 513-762-5070/800-825-3622 ext. 661.

If you are interested in opening a Coverdell Education Savings Account or would like additional information pertaining to them, please contact one of our AXA Advisor Representatives Don Hughett at 513-762-7715 or Joe Brungs at 513-762-7717. We can be reached at 513-762-5070 or 800-825-3622.