Savings

Share Savings
81264769 A $5.00 deposit in a Share Savings account is required for membership at Northwoods Community Credit Union. Membership gives the primary owner on the account voting privileges. With a $100.00 minimum balance, dividends are paid monthly on the share savings account.   There is no minimum balance required to receive dividends if the account holder is under the age of 21. Click here to view our  share rates, and to open a share savings account, visit any NCCU office! click HERE to apply online click HERE to print an application     Calculate your savings Click HERE to learn about how your funds are insured
Club Savings
200331450-001 A “Club” account is just another savings account with a special name - Club Savings. Saving up for a special reason, like a vacation or a special holiday? Why not open a club savings account? You can easily keep track of the balance with online banking, mobile banking, or with 24-Hour Member Information Attendant (MIA). With the convenience of payroll deduction, a deposit can be made directly to your club account with every paycheck.   click HERE to apply online click HERE to print an application     Calculate your savings
Christmas Club
Fotolia_58904747_Subscription_XXL Start saving early for those holiday expenses with a Christmas Club account. Put money into your Christmas Club account with every paycheck using our Payroll Deduction program, or deposit as often as you like. With our great Christmas Club rates, your money will grow right before your eyes! Funds are transferred to your share savings account and are available for withdrawal on the first business day of October of each year.   You can adjust the allocation to the account anytime, simply contact us at your convenience.  There is a penalty for withdrawing funds early.
 
This is just an example of how quickly your savings can add up over a year with 26 paydays:
  • $5 each payday = $130
  • $10 each payday = $260
  • $20 each payday = $520
  • $50 each payday = $1,300
  click HERE to apply online click HERE to print an application
Tax and Insurance Club
Fotolia_59360157_Subscription_XL Tax time sneaking up on you? Are your insurance costs taking a bite out of your wallet? Save for tax and insurance expenses with a tax and insurance club account. It also works great with Payroll Deduction. click HERE to apply online click HERE to print an application Calculate your savings
Kangaroo Kids Club
kidsclub

For our youngest members, ages 5 and under

Our Kangaroo Kids Club members receive a special membership card when they make their initial deposit of the year. These youngsters are encouraged to visit NCCU each month and make a deposit. When they do, they will get a punch on their card and get to choose a reward from our prize basket! What a fun way to get in the habit of saving and making frequent deposits! In addition, for every $5.00 deposited into their KKC account, these young savers will receive 1 drawing ticket for an iPad to be given away at the end of the year!  Want to earn more tickets?  Click here to learn how! Stop in today to learn more about our Kangaroo Kids Club, and get started today!

Youth Accounts Brochure

Click Here to View Kangaroo Kids Club Program Disclosure   Click Here for Official Rules of Kangaroo Kids Club Annual Prize Drawing     Share Certificate  .50 % Dividend Rate  .50% APY* 6 Month Term Minimum balance to earn the APY - $100.00
  • Maximum Aggregate Investments per Club Member $1,000.00
  • The dividend  rates are subject to change without notice.
  • Dividends  compounded  semi-annually
  • Subject to penalty for early withdrawal
The *Annual Percentage Yield is accurate as of 10/01/16. The APY assumes reinvestment of principal and dividends for a 12-month period. This credit union is federally insured by the National Credit Union Administration. Membership eligibility required.  
Junior Savers Club
Clip Art Graphic of a Flat Green Dollar Bill Cartoon Character

For our members ages 6-12

When our Junior Savers make their first deposit of the year, they will receive a special card just for their deposits. For every $5.00 they deposit, they will get their card punched. When the card is full ($100.00 deposited), they can redeem the card for a great prize! Redeem between January 1 - March 31: $5 Subway Gift Card Redeem between April 1 - June 30: $5 Shopko Hometown Or Walmart Gift Card Redeem between July 1 - September 30: Movie Pass Redeem between October 1 - December 31: $5.00 Chamber Bucks In addition, for every $5.00 that is deposited into their Junior Savers Account, they will receive 1 drawing ticket for an iPad to be given away at the end of the year!  Want to earn more tickets?  Click here to learn how!

Youth Accounts Brochure

Click Here to View Junior Savers Program Disclosure   Click Here for Official Rules of Junior Savers Annual Drawing    

Share Certificate .50% Dividend Rate  .50% APY* 6 Month Term

  • Minimum balance of $100.00 to earn .50% APY
  • Maximum Aggregate Investments per Club Member $1,000.00
  • The dividends rates are subject to change without notice.
  • Dividends are compounded semi-annually
  • Subject to penalty for early withdrawal
The *Annual Percentage Yield is accurate as of  10/5/17. The APY assumes reinvestment of principal and dividends for a 12-month period. This credit union is federally insured by the National Credit Union Administration. Membership eligibility required.
Teen Cents Club

reddollarFor our members ages 13-18

The goal of our Teen Cents Club is to promote saving throughout the year by offering our teenage members the opportunity to enter a new prize drawing each quarter. The more money that is deposited, the more chances to win! For every $5.00 deposited, the TC member will receive 1 drawing ticket for the quarterly prize drawing! All drawing tickets from the entire year will be put in the December iPad drawing, so you won't decrease your chance of winning it by being in the other quarterly drawings.  Want to earn more tickets?  Click here to learn how! Below are the great prizes you can win just by depositing your money into your Teen Cents Account!
  • 1st Quarter Prize, drawn on April 3rd:  Movie or Bowling Party ($50 value)
  • 2nd Quarter Prize, drawn on July 3rd: $100 Visa Gift Card
  • 3rd Quarter Prize, drawn on October 2nd: Beats by Dre Headphones
  • 4th Quarter Prize, drawn on January 2nd: iPad

 

Youth Accounts Brochure

  Click Here to View Teen Cents Program Disclosure   Click Here for Official Rules of Prize Drawings    

Share Certificate  .50% Dividend Rate - .50% APY* 6 Month

  •  $100.00 minimum balance to earn .50% APY
  • $1,000.00 Maximum Aggregate Investments per Teen Cent$ Member
  • The dividend  rates are subject to change without notice
  • Expect the dividends to compound semi-annually
  • Subject to penalty for early withdrawal
The *Annual Percentage Yield is accurate as of 10/5/17. The APY assumes reinvestment of principal and dividends for a 12-month period. This credit union is federally insured by the National Credit Union Administration.Membership eligibility required.
Share Certificates
Fotolia_49375729_Subscription_XLWith a variety of terms and competitive tiered dividend rates, Northwoods Community Credit Union has Share Certificates to complement all of your savings needs. Come into one of our offices and visit a Member Service Representative, who can help you decide which investment is right for you.   Calculate your savings
Deposit Rates

NCCU Share Savings, Club, and Certificate Rates

EFFECTIVE - October 5, 2017 Rates are subject to change without notice. Subject to penalty for early withdrawal.
Share Savings, Share Draft, and Club Accounts
Account TypeDividends compoundedMinimum Amount to Receive DividendsDividend RateAPY*
Share Savings (21 and over)Monthly$100.000.05%0.05%
Share Savings (Under 21)Monthly$5.000.05%0.05%
Open Club (21 and over)Monthly$100.000.05%0.05%
Open Club (Under 21)Monthly$5.000.05%0.05%
Christmas Club**MonthlyNot Applicable0.25%0.25%
Tax & Insurance ClubMonthly$100.000.05%0.05%
IRA Club SavingsMonthlyNot Applicable0.10%0.10%
Kangaroo Kids Club
Junior Savers
Teen Cents Club
Monthly$5.000.05%0.05%
Basic Checking (Share Draft)N/ANot ApplicableN/AN/A
Preferred Checking (Share Draft)Monthly$1,000.000.07%0.07%
Preferred Plus Checking (Share Draft)Monthly$2,500.000.07%0.07%
***Premier Checking (Share Draft)Monthly$5,000.000.07%0.07%
***Premier Share Savings(Must open a Premier Checking and maintain a minimum average balance of $5000.00 to receive rate)Monthly<$5,000.000.05%0.05%
$5,000.00 - $10,000.000.06%0.06%
>$10,000.000.07%0.07%
***Premier IRA Club Savings(Must open a Premier Checking and maintain a minimum average balance of $5,000.00 to receive this rate)Monthly<$25,000.000.07%0.07%
$25,000.00 -$50,000.000.15%0.15%
$50,000.00 -$75,000.000.20%0.20%
$75,000.00 - $100,000.000.20%0.20%
>$100,000.000.20%0.20%
Dividends Compounded Semi-Annually Subject to penalty for early withdrawal
Share Certificate Rates
TermRequired DepositDividend RateAPY*Dividend Rate with Premier Account***APY* with Premier Account***
6 Month$2,000.00 to $9,999 0.15%0.15%0.20%0.20%
$10,000 to $49,9990.20%0.20%0.25%0.25%
$50,000 and up0.25%0.25%0.30%0.30%
12 Month$2,000.00 to $9,9990.20%0.20%0.25%0.25%
$10,000 to $49,9990.25%0.25%0.30%0.30%
$50,000 and up0.30%0.30%0.35%0.35%
18 Month$2,000.00 to $9,9990.30%0.30%0.35%0.35%
$10,000 to $49,9990.35%0.35%0.40%0.40%
$50,000 and up0.40%0.40%0.45%0.45%
24 Month OR 36 Month$2,000.00 to $9,9990.35%0.35%0.40%0.40%
$10,000 to $49,9990.40%0.40%0.45%0.45%
$50,000 and up0.45%0.45%0.50%0.50%
Share Certificate Special
TermRequired DepositDividend RateAPY*
6 MonthTeen Cents Club
Junior Savers
Kangaroo Kids Club
Minimum $100.00 Maximum $1000.00 (Aggregate)
.50%.50%
* Annual Percentage Yield   ** Funds Available on first business day in October *** Premier Account Rates - Personal Accounts Only - Minimum of $5000.00 must be maintained in your Premier Checking account to receive Premier Checking, Savings, IRA, And Share Certificate Rates.  Share Certificate Dividend rates are for new, non-promotional certificates only. Member must have a share account with a minimum amount of $5.00 to be eligible for a certificate. A minimum balance of $100.00 is required to receive the advertised APY. Must be a Kangaroo Kids Club, Junior Savers, or Teen Cents Member to be eligible for the KKC/JS/TC Share Certificate Special.  
IRAs
Fotolia_40060511_Subscription_XXLIRAs are an excellent way to save for the future. Northwoods Community Credit Union has the three types of IRAs, all of which offer the ease and convenience of a simple savings account that earns a competitive dividend  rate. The IRA savings accounts dividends are compounded and paid monthly. Choose from the following options:
  • Traditional IRAs -  Traditional IRAs offer tax-deferred earning, and the possibility for tax-deductible contributions. All earnings in the Traditional IRAs are not taxed until they are withdrawn. The main attraction of Traditional IRAs is the ability to defer taxes on the earnings, and to withdraw in a year when you may be in a lower tax bracket.
  • Roth IRAs - Regular contributions to the Roth IRAs can be withdrawn tax-free and penalty-free at any time.  After your Roth has been open for five tax years, earnings can be withdrawn tax-free and penalty-free for any of these reasons: age 59 1/2, disability, death, or a first-time home purchase (lifetime limit is $10,000.00 per person).
  • Coverdell Education Savings Accounts (ESA) - Formerly known as the Education IRA, the Coverdell Education Savings accounts sole purpose is to help you pay for your child's education expenses such as: tuition, fees, books, supplies, computer equipment and technology required for elementary, secondary, and post-secondary education. Contributions are not-tax-deductible, but there is potential for tax-free withdrawals including earnings. The funds in the Coverdell ESA can also be transferred from one child's account to an account for another child in the family.