Savings Accounts

Regular Share (Savings)

This account is the basis of all membership activity. With this account you can open a checking, apply for a loan, and use all of our free electronic services. You only need $50 to open the account.

Safari Savings

This account is geared toward members up to age 12. The account requires only $5 to open. We have periodic activities for this age group.

Christmas Club

This account is ideal for members who want to lay-away their money now, for the holiday buying season later. There is no minimum to open this account once you have the base savings account. You can make automatic deposits or add to the account when you have a little extra. All funds in the account will be transferred to your base savings account on November 1st each year. There is a $5 penalty fee for early withdrawal.

U-name-it Account

This account is a sub-account to your base savings that can be named anything you would like to help you reach your savings goal. Members have set aside funds in their u-name-it account for Taxes, Escrow, College, Hobbies and more!

Money Market

A Money Market is just right for the liquidity you need and the dividends you deserve. With tiered rates, your money works hard for you at every level. The low minimum balance and competitive dividend rates make this account perfect for all your savings needs. Minimum balance and tier requirements as well as current rates can be found on our rates page.

Certificate of Deposit

A Share Certificate (Certificate of Deposit) works well for the first time or seasoned saver. You’ll earn competitive dividends with low opening balance requirements. We even offer a `Jump Rate’ on certificates for 12 months or longer. Terms vary from 6 months to 4 years. Youth up to age 25 can open a certificate with a lower minimum. Minimum balance requirements and current rates can be found on our rates page.

Individual Retirement Account

A variety of Individual Retirement Account (IRA) choices are available from MCCU. You can open an IRA with rollover 401(k) funds, former pension plans or open a new one to start saving for retirement now. The National Credit Union Administration (NCUA) has increased the insurance on IRAs to $250,000. No matter which IRA you choose, you’ll enjoy the tax relief benefits. Current rates can be found on our rates page. Our IRA choices include:

Traditional IRA

A traditional IRA is for you if you want to save on taxes now. A traditional IRA makes sense for you if you want to defer income taxes now or if you think you’ll be in a lower tax bracket later. Consult your tax advisor for deductibility and deferment details.

Roth IRA

A Roth IRA is a good choice if you want to save taxes later. A Roth IRA makes sense if you don’t need a tax break now or if you want flexibility with distributions later.

Coverdell ESA

This Educational Savings Account is a good way to save for your children’s higher education expenses.

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