"My money works for me." From kids to graduation, and starting her own
business, to becoming a motivational speaker, Consumers has been the perfect fit
for Theresa and her family. Theresa started her Home Health Care
business about ten years ago. She’s also a registered
nurse, motivational speaker, and busy mom of four.
"I’ve had some rough patches," she admits, "but
Consumers has always had my back financially."
When Theresa first walked into the West Main Office in 2002, she was just starting
her business. "I didn’t get the loan at the time, but I did get solid financial advice." After working with Consumers, the loans came, and so did a long–term relationship built on mutual
"It’s not just a bank where you put your money—you get advice
on how to have your money work for you," says Theresa. All her personal and business banking needs are met through Consumers. Today, her 18–year old son is away at college
and buying a duplex. He’s made investments. He’s light years ahead of others his age. "Consumers taught him about banking. If you don’t bank at Consumers, I’m sorry, you’re truly missing out."
– Theresa, joined 2002
Make your money work for you with many Savings options.
You can enjoy an unlimited number of savings accounts, each named for your special financial planning needs. The accounts are flexible and deposits can be made in person or electronically through direct deposit, Online Banking, or at an ATM.
A Christmas Savings Account is an easy way to save for holiday expenses, without having to rely on your credit card. You’ll earn a great rate, plus have less stress next holiday season. And, you’ll find direct deposit the most consistent way to save! Simply set a small amount aside to be deducted from your paycheck automatically. You’ll love having extra money for Christmas! To open a Christmas Savings account, call us at 800.991.2221, or go to Online Banking and select "Open an Account" under the "Accounts" drop menu.
You may select from a variety of Certificate of Deposit programs, all of which earn excellent rates. Terms range from 6 months to 5 years, with minimum opening deposits starting as low as $1,000. We also offer promotional CDs with special rates and terms. For a guaranteed return on your investment, consider a Consumers CD. Protected by NCUA insurance up to $250,000. Click here to view your NCUA insurance coverage.
With a money market account, you'll earn excellent rates plus enjoy the convenience of making unlimited deposits and withdrawals. Investment levels start at just $2,500. As your balance increases, so will your rate of return. There are no monthly fees and 24–hour access is available via your debit card. You'll also enjoy Online Banking access and NCUA coverage up to $250,000. Click here to view your NCUA insurance coverage.
A Money Market IRA from Consumers is a smart way to save for your retirement. The account can be opened with a small deposit, and added to via direct deposit. Dividends compound monthly and are tax-deferred until withdrawal. Once you’ve accumulated $1,000, you can move the investment to a traditional CD IRA.
CD IRAs earn great rates with just a $1,000 opening deposit. Terms range from 6 to 60 months. Funds in your Consumers Money Market or CD IRA are federally insured up to $250,000 (and $500,000 for joint accounts). Important tax benefits may also be available with your IRA. See your tax advisor for details.
Other programs include Roth and Educational IRAs.
*APY = Annual Percentage Yield.
**RATE WATCH CD: Rates/APY accurate as of August 1, 2014. Offer available for a limited time only on CDs with a minimum balance of $1,000 and maximum of $250,000. Active Checking with minimum direct deposit of $400 per month required for 1.10% APY. Rates are subject to change at any time. Maximum investment of $250,000.00 per household. Limit one penalty free withdrawal during the term of the CD. Funds currently on deposit at Consumers Credit Union are not eligible for the promotional rate.
**RATE WATCH MONEY MARKET: Promotional product is available and rates are accurate as of August 1, 2014. Active checking account with a minimum direct deposit of $400 per month required. Limit one promotional account per household. Rates are subject to change at any time. All Money Market rates and APYs are to the left. Funds currently on deposit at Consumers Credit Union are not eligible for the promotional rate. Please see table above for all Money Market rates.