Share Savings
What does "Share" represent?
Members of Como Northtown Community Credit Union, a non-profit organization, are owners of the credit union itself. Therefore, you own a share of the credit union. This is the reason a share savings is required with each account.
Share Savings Account (Suffix A)
In order to take advantage of Como Northtown's products and services you must first open a Share Savings Account. This savings account signifies your membership in the Credit Union and provides you with the opportunity to vote in annual elections and the ability to apply for all other services.
Money Market Account (Suffix M)
The Money Market Account, an insured savings plan, pays you a competitive market rate. It is a flexible investment that allows you access to yourdeposits whenever you want them. There are no opening fees, monthly or annual service charges. You can transfer funds from your Money Market Account over the counter, by phone, or by mail to your checking account for easy access to your funds.
Holiday Savings Club Account (Suffix H)
Since the holidays always seem to sneak up on us when we least expect it, Holiday Savings Club accounts are very popular. You can fund yours through payroll deduction, automatic transfer, or cash deposits, and earn dividends daily, paid monthly. Near the end of October, we transfer the money you've accumulated into any account you designate. Or we can mail you a check directly. It's amazing how easy it is to have the money you need when holiday shopping comes along.
Secondary Share Savings Account (Suffix B)
If you'd like another savings fund separate from your Share Savings Account, you can open a Secondary Share Savings Account.
Uniform Transfers To Minor Account
Accounts are usually opened for children by their parents, grandparents or guardian. Accounts offer you the opportunity to start saving for a child's future. You can sign up to have regular deposits made through payroll deduction or by automatic transfer from your checking or savings account.
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