Investments
Ensure your family's future.
Whether you're in your twenties or your sixties, it's never too early -- or too late -- to plan for your future. And at BCS Community Credit Union, we have lots of ways to help. Meet with one of our representatives to review Investment Services such as:
For all stages of your life, a BCSCCU Member Services representative will make it easy for you to get more from your money. So take a look. We have your best interests at heart.
Savings Accounts
Regular savings accounts at the Credit Union are called "share accounts" because the credit union is owned and operated by its members. When you save with your credit union, you are a shareholder - an owner.
- Minimum balance of $25 in your savings account is required to maintain membership.
- Dividends are computed daily, and credited monthly. The minimum required balance to earn dividends in a savings account is $50.00.
- Access to your funds online, by mail, phone, ATM or in person.
- You can open many unique regular savings accounts. Speak with a BCS Community Credit Union representative for details or do it yourself in It'sMe247 Online Banking.
- Your savings are federally insured to at least $250,000 per member by the National Credit Union Administration, a U.S. Government agency.
For complete details visit our office or call one of our Member Service Representatives at 303-425-6627.
Money Market
If you maintain a higher savings balance, enjoy easy access to your funds and want the benefit of earning more for your money, our Money Market account is the smart choice.
With tiered, above-market rates for balances above $2,500, $10,000, $25,000, $50,000 and $100,000 you can put your money to work for you.
Features:
- BCS Community Credit Union pays among the highest rates around while providing liquidity.
- Dividends are paid monthly.
- Minimum balance of $2,500.
- No term plus up to six no-fee withdrawals per month.
To open a Money Market Account, you must be a member of BCS Community Credit Union. Click on our on-line account application, visit our office, or call us at (303) 425-6627.
Certificates of Deposit
Certificate Accounts are the best way to earn the highest yields on your savings. And with the flexibility that BCS offers, you can tailor your accounts to meet your financial requirements.
You can open a certificate account with as little as $500 and choose terms ranging from 6 to 60 months. Funds deposited into Term Certificates are “locked in” for the term you select and the amount you choose to deposit.
Features:
- Dividends are computed using the average daily balance method and paid quarterly.
- Choose terms to fit your needs.
- Renewed automatically at the current rate.
- Easy automatic transfer option of dividends to your Checking or Membership Savings account.
For complete details visit our office or call one of our Member Service Representatives at 303-425-6627.
IRAs
Let BCS help you gain an edge on retirement or education expenses with a Credit Union IRA Account. You can open any type of tax-advantaged IRA account without set-up fees or annual maintenance costs.
Individual Retirement Accounts (IRAs) let you increase your pension and Social Security income with the possibility of enjoying a break on your taxes. You can reduce your current tax bill by deferring income tax on the dividends the account earns until you begin withdrawals, usually after you retire when your tax rate may be lower. All or part of the money you contribute may be tax-deductible, depending on your overall income and pension plan participation status.
Learn More: Traditional IRA vs. Roth IRA
We offer the following IRA accounts which pay competitive dividend rates:
Traditional IRAs
Benefits:
- Earnings on Traditional IRAs are tax-deferred.
- Contributions may be tax-deductible, depending on your income and whether or not you have a qualified retirement plan.
- Untaxed IRA assets can generally be converted to a qualified retirement plan.
- Funds can be withdrawn after age 59 1/2 without a tax penalty.
- Distributions must be taken beginning at age 70.
Learn more: Traditional IRA Q & A
Roth IRAs
As long as you have earned income that does not exceed the prescribed MAGI limit you can open and contribute to a Roth IRA even after age 70.
Benefits:
- Earnings are tax-free.
- Contributions may be withdrawn tax-and penalty-free.
- Distributions are NOT required to be taken at age 70 1/2
- Contributions are not tax-deductible.
Learn More: Roth IRA Q & A
Learn More: Converting Traditional IRA to a Roth IRA
Coverdell (Education) IRAs and SEP (Simplifed Employee Pension) also available. When you are ready to open an IRA, simply visit our office or call us at 303-425-6627.
Christmas Clubs
One way to enjoy the holidays is to avoid the stress of going into debt. Sound impossible? With our Christmas Club Account, we make it easy to put a little aside all year long! Come the holiday season, you have a nice nest egg to spend on gifts or travel to relatives without having to pay high interest charges on a credit card.
Open an account at any time during the year. We’ll help you arrange an automatic transfer from your BCS Checking or Savings account each pay day so you can enjoy the holiday season without going into debt.
Here's How It Works:
- Each month the amount you wish to save will be automatically transferred from your Checking or Savings account into your Christmas Club Account.
- Competitive dividend rates are paid monthly on average daily balances of $25 or more.
- On November 15th the entire balance including dividends will be transferred to the account of your choice.
- Begin shopping and enjoy the holidays!
For more information visit our office or call one of our Member Service Representatives at 303-425-6627.
Young Investors
BCS Community Credit Union has a savings program designed to help parents introduce their children to the world of personal finance. It’s a FREE savings program and it’s especially for kids!
Your child (or any relative under the age of 18) will have a savings account and learn to develop savings goals. All members will also receive and free ATM card and information on financial planning, money tips, the importance of good credit and preparing for college expenses.
Help your children take their first steps toward financial independence and responsibility. Call or stop by the credit union office today to open a Youth credit union account (*) today and assure their financial well being tomorrow.
* Youth Accounts require an adult joint member and come with certain restrictions. The minimum age to open a BCS Checking account is 16. A minimum of $5 is required to open a Youth account and the membership fee is waived!
* Minor accounts require an adult joint member and come with certain restrictions (the minimum age to open a BCS checking account is 16 years of age).
