Kemba Credit Union

Regular Savings

Your savings account represents your share of ownership in the credit union. Your initial deposit of $5 establishes your account and is your opportunity to earn competitive dividends on passbook-type savings. Dividends on accounts with $100 or more are calculated daily and paid monthly. Deposits and withdrawals may be made at any time.

Money Market Account/Cash Investment Account

The Money Market Account is an insured alternative to mutual funds, designed for Kemba investors who are interested in the benefits of a high-yield money market account, combined with the convenience, liquidity, and security of a regular savings account.

Rates are based on current money market rates, are computed daily, and paid monthly. Minimum balance is $2,500 to produce a high return. If your balance should temporarily fall below the minimum balance, you will earn interest at our lowest saving rate.

Money Market Accounts require no minimum withdrawal amount. There is no penalty for early withdrawal, no minimum investment period, and no sales charges, commissions, or fees. Your account enjoys high rates without the limitations of a long term investment.

Certificates of Deposit

Kemba's Certificates of Deposit are perfect for members who want to maximize earnings by investing their funds for a specific period of time. Maturities range from three months to five years, with minimums of $500. Our rates are competitive with area financial institutions, and vary according to the length of the investment.

Interest is compounded daily and paid monthly and may be accumulated and compounded or withdrawn monthly. As with any certificate program, there are substantial penalties for early withdrawals.

Individual Retirement Account (IRA)

Kemba Credit Union currently offers competitive IRAs with competitive certificates of deposit options ranging from three months through five year maturities. Traditional and Roth IRAs are available through your credit union. You can invest in Kemba's IRA program with as little as $500.00. This minimum deposit is required for all fixed rate certificates. We also offer IRA funding through payroll deposits and/or manual weekly deposits, with an 18-month Variable IRA certificate. There is no minimum balance required for this option. The variable rate is adjusted on the first day of each calendar quarter.

Kemba is always happy to assist with any IRA transfers from other institutions or rollovers from previous employers' retirement plans. We will make the transition simple and hassle free via the IRA Service Center or contact us for further information regarding IRA transfers and rollovers by email or telephone 513.762-5070 / 800.825.3622 ext. 661.

If you are interested in opening a Coverdell Education Savings Account or would like additional information pertaining to them, please contact one of our AXA Advisor Representatives Don Hughett at .513.762.7715 or Joe Brungs at 513.762.7717. We can be reached at 513.762.5070 or .800.825.3622.

To learn more about Kemba's Traditional IRAs, Roth IRAs, or the new Coverdell Education Savings Accounts, please proceed to our IRA Service Center. We appreciate your interest and support of your credit union.

Vacation Club

Start saving today for your vacation now! Deposits may be made by person, by mail, by transfers, or the safe and easy way by using payroll deduction. Withdrawals of $200 or more from this account may be made at any time without penalty. Withdrawals of less than $200 are subject to a $10 fee. Access to this account is blocked via an ATM, Touch-Tone-Teller or Web Connect because Kemba encourages saving (and a great time on your vacation)!

Holiday Club

A great way to save for the Holidays and earn interest on your money! Make deposits in person, by mail, by transfers, or the safe and easy way by using payroll deduction. On October 1st, your money will be distributed into any of your Kemba accounts according to your request. If a withdrawal is made previous to the October 1st date, a $10 fee will be charged, as Kemba wants to help you save for the holidays.