Accounts

SHARES ACCOUNT


Start saving with a Share Account. To become a member of the Credit Union, you must sign a membership card, deposit a minimum of $25.00 in a Share Account (which must have a minimum balance of $25.00 at all times), and maintain a current address with the Credit Union.



SHARE DRAFT ACCOUNTS


Enjoy no-fee checking with Concho Valley Credit Union. We offer Share Draft Accounts with no monthly service charge and no minimum balance. You can earn interest on balances over $1500.00. Our account features no per check charges, no monthly maintenance charges and automatic, low fee transfers from your Share Account in the case you overdraw your Checking Account.



MONEY MARKET ACCOUNT


Earn greater returns when you open a Money Market Account! Money Market Accounts are offered and are paying rates among the highest in this area. With a minimum balance of $2,500, your interest savings will grow. This Money Market Account features limited withdrawals and unlimited deposits! Dividends are paid monthly. A monthly statement is issued for these accounts.



TERM SHARE CERTIFICATES


Term Share Certificates at your Credit Union offer a unique and secure way to save money at a high rate of return. Term Share Certificates are a non-risk investment. We offer Certificates with minimum deposits of $1,000. We offer Certificates for 3 months, 6 months, and 1 year with competitive rates. Call for current rates. Interest is paid monthly, quarterly, or at maturity, depending on the term of the Certificate.



INDIVIDUAL RETIREMENT ACCOUNTS (IRAS)


You may qualify for tax benefits while you save for retirement with our various IRA Accounts. Concho Valley Union offers a host of IRA Accounts such as IRA Certificates of Deposit and the New Roth IRA. In most cases, IRA savings are meant to stay in authorized retirement accounts until the depositor reaches age 59 1/2 to avoid governmental penalties. Please consult your tax advisor regarding your qualification for interest tax deductibility and for cases when withdrawals may be made without penalty.



HSAS


HSAs are individual accounts which allow members to use pre-tax dollars to pay for future medical expenses. Members with HSAs can make tax-deductible contributions, accumulate tax-deferred earnings, and withdraw funds tax-free for qualified medical expenses.



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