NICCU - Savings And Investments Programs

All member children and grandchildren are eligible and all it takes is $5 to open a Dollar Dog Kids Club Account. See one of our Members Services Representatives for further details.

Share Savings AccountsYour regular Share Savings Account is a passbook-style program and is your basic credit union account. Our credit union savings are called "shares," because they are like shares of stock in a corporation; they make you part owner of the credit union.

This account pays dividends from the date of deposit to the date of withdrawal. A minimum deposit is required to open, and you may add to or withdraw from your account at any time. A Share Savings Account must be established and the minimum balance maintained for you to enjoy the benefits of our other services.

Certificates (CD's) and Blue Chip Services
We offer a full range of certificates to meet your savings needs. You may start a CD with as little as $100 and pick a term that is suitable for you.

Blue Chip accounts require a $1000 minimum and may be used like a regular share account – you may add to or withdraw from this account at any time. The rates on this account are based on current market conditions.

Holiday Club Accounts
Our Holiday Club account is your best choice to save for that special season. Unlike Holiday Clubs elsewhere, we give you flexibility. There are no minimum deposits or schedule payments required. You decide when and how much to deposit. Dividends are paid from the date of deposit to the date of withdrawal. Checks are mailed November 1.

IRA's
Opening an Individual Retirement Account (IRA) at North Iowa Community Credit Union can mean financial security during your retirement years, plus will allow you to reduce your tax dollars daily. IRA contributions are tax deductible and all IRA earnings are deferred.

Government limitations have been set regarding annual contributions and several different programs are available. Thus, we advise you to contact our savings department for complete, current details including the dividend rate.

Life Savings Insurance
North Iowa Community Credit Union provides to eligible members a life insurance program up to $4000 at no direct cost to you. This coverage is based on deposits in your share account. For each dollar up to $4000 you deposit, you will receive an additional dollar of life insurance. There are limitations according to member age of deposit.

For full details, call the credit union office.

Savings Deposit Insurance
All North Iowa Community Credit Union member accounts are insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. government.