Savings & Investments

Share Accounts- Share accounts, also known as savings accounts, are the cornerstone of credit union membership. Dividends are paid on a quarterly basis and are calculated by the average daily balance method. Share accounts allow you to receive a greater return on your investments, simply because you are a shareholder and part-owner. Come in today and start your membership with as little as $25 in a share savings account.

Certificates of Deposit (CDs)- Earn the highest rates your credit union has to offer by investing in a CD account. Open a CD with as little as $1,000 and choose terms ranging from three months to five years. With a JCTCU CD, you can earn high dividends and watch your money grow.

Individual Retirement Accounts (IRAs)- Investing in an IRA can help you save on taxes now and enjoy retirement later. For your protection, IRA accounts are separately insured to $250,000 by the National Credit Union Administration (NCUA). The credit union offers both Traditional and Roth IRAs.

Traditional IRA- Most members may make tax-deferred annual contributions up to $4,000 (single filers) or $8,000 (joint filers), and pay taxes when funds are withdrawn (without penalty if after age 59 1/2 or disabled). Workers 50 and older may contribute an additional $1,000 per year for 2006 and thereafter, allowing them to "catch-up" on their retirement savings.

Roth IRA- Although contributions are not tax-deductible, your funds grow tax-free and you don't have to pay taxes when you withdraw if the account has been open for five years and you are 59 1/2 or older, or if you are buying a first home.

Education Savings Account (ESA)- Open an Education Savings Account for that special child in your life. You may contribute up to $2,000 annually per student. Contributions are not tax-deductible, but money grows tax-free and you don't have to pay taxes when money is withdrawn for qualified school expenses

Christmas Club- Make your holiday season merrier without the worry of paying for it. Make deposits through payroll deduction, by mail or over-the-counter. You'll earn dividends on your savings and your check will be mailed in November right in time for the holidays.

Click here for our competitive On-line Savings Rates.