When you become a member of Calhoun Liberty Employees Credit Union, we will open a savings account in your name. All members must maintain a minimum balance of $5.00 and have regular activity in the account to keep the membership active. This $5.00 represents your share in the ownership of our credit union and allows you access to all our valuable products and services.
Investing in a Share Certificate offers you security for your money, as well as an opportunity to earn a greater return on your money. We offer a variety of Term Share Certificates at very competitive rates. These deposits are for specific periods of time, and a specific rate for that term. Dividends are paid monthly on these deposits; either added back to the certificate, transferred to a share account, or mailed directly to you.
We require a minimum deposit of $500.00 to open a certificate. Terms available are 90 days, 6 months, 12 months, 18 months, 24 months, 30 months, 36 months, and 48 months. Penalties may apply for early withdrawal.
Individual Retirement Accounts (IRAs)
Planning for retirement is important. An Individual Retirement Account is an investment tool that can help with your planning. Contributions may be tax-deductible with dividends tax-free until you withdraw your savings. Consult your tax advisor to be assured.
These accounts are invested in a Share Certificate, with various terms available depending on your need.