As a member of Northland Teachers Community Credit Union, you have access to affordable financial products including diverse savings and investment programs, low cost loans, affordable checking and convenient access to your funds with ATM and visa cards.
To learn more about our financial products simply scroll down the page.
REGULAR (Share) SAVINGS ACCOUNTS
Our regular Share (savings) account is the basic savings account you open to begin your membership in the credit union. The minimum balance required is $25.00. This $25.00 must remain in your account at all times in order to continue your membership.
CHECKING ACCOUNTS
Our checking account is one of the best examples of credit union value.
No Minimum Balance Requirement
No Monthly Service Fees
Unlimited Check Writing
MONEY MARKET ACCOUNTS
NTCCU Money Market account is an attractive alternative to a regular savings account. If you have over $2000.00 to invest but need availability to your funds, the Money Market is the Savings account for you. This account always pays higher dividends than regular savings.
CD’s (Term Share Certificates of Deposit)
Members interested in an investment account can take advantage of a variety of competitive yield certificates. An NTCCU certificate earns you more than a regular savings account, because you deposit a specified amount for an established period of time. Interest earned is accrued monthly and paid semi-annually.
NTCCU Certificates can be tailored to fit your financial needs, with terms as short as 6 months or up to 2 years to lock in high earnings. The dividend rates are usually higher than bank or S & L rates and our minimum deposit is only $1000.00.
Investing in certificates is a safe, simple way to earn a competitive rate on your money. Invest short-term for maximum liquidity, or long-term for the highest possible rate of return. There are substantial penalties for early withdrawal.
IRA ACCOUNTS
No matter what your age, now is the time to start planning for your financial future. An individual Retirement Account can help you build for your retirement today through a tax-deferred savings plan.
ROTH IRA
The Roth Ira is a non-deductible IRA. However, it provides tax-free distributions as long as the funds are held for at least 5 years and the owner is over 59 ½. In certain circumstances, up to $10,000 of funds withdrawn for a first time home purchase will also be tax-free.
EDUCATION IRA
The Education IRA helps parents and others save for children’s education. Like the Roth IRA, contributions are not tax deductible, but distributions will be tax-free provided they are used for qualified higher education expenses.
