Top Three Benefits of a Savings Account with CCCU

Saving money is one of the most important aspects of a secure and stable financial future. A savings account serves as an emergency fund, a place to plan for a big purchase, or even a way to get the money together to invest. In this blog, we will share the top benefits of a savings account with a Clark County Credit Union. 

1. Funds are insured

Having a savings account provides a safe and secure way to store funds while earning interest on your deposits. Your funds at CCCU are insured for up to $500,000 per account with American Share Insurance (ASI) and Excess Share Insurance. ASI is the nation’s largest provider of private deposit insurance for credit unions. They have been providing insurance to credit unions since 1974 and serving CCCU members since 1979 when the credit union members approved the selection of the private insurer by vote.

2. Keep savings separate from checking

Opening a savings account will help you keep your money separate so you avoid spending money on unnecessary expenses. If you receive a direct deposit, you can easily designate a specific amount or percentage to your savings account while the remainder goes to checking – automating savings makes the process easier!

And, once you build up enough savings, CCCU offers a wide range of certificates of deposits (CDs) or money market accounts to invest in with great rates and a wide variety of terms.

3. Receive an annual bonus dividend

As a not-for-profit cooperative, credit union members are also owners, which means they benefit from lower rates, better dividends, and a variety of other benefits. CCCU members enjoy these perks and are paid in the form of an annual Bonus Dividend. The larger your daily balance of both deposits and loans and the age of your account, the larger your Bonus Dividend will be.

Last January, the credit union paid a $2.6 million bonus dividend to our members.

Start saving today!

Saving money will help you develop healthy financial habits and work towards achieving your long-term financial goals. Whether it’s saving for a house downpayment, a trip, or in case of emergencies, CCCU makes opening a savings account easy and simple, just go to CCCULV.ORG and select Join Us or call us at 702-228-2228.