Now more than ever, it is important to build a savings account. Count on Columbine to have a variety of accounts to meet your savings needs and to provide you with free online banking. Your money is safe with us. All accounts are insured up to $250,000 by the National Credit Union Administration (NCUA).
Share Savings Account
Establishes your membership and ownership in Columbine; gives you access to other products and services at Columbine
$25 minimum balance
Earn quarterly dividends on balances of $50 or greater
Free ATM card with no annual fee
Make transfers from your account up to six times a month
Direct deposit available.
Can be pledged to secure a loan.
Save money throughout the year to make holiday purchases
Balance in account will automatically be transferred to your basic savings or checking account on November 1st
Automatic deposit available
Earn monthly dividends based on average daily balance up to $10,000.00
For a higher interest rate, ask about our short-term Share Certificates.
Money Market Accounts
Competitive interest rate
Monthly dividends based on average daily balance
$2,500 minimum balance to open
Make up to six withdrawals per month
Automatic deposits available
Earn monthly dividends based on deposit amount and term
Minimum balance of $1000 to open
Terms from six months to five years
Transfer or automatic renewal at maturity
Can be pledged to secure a loan
Jumbo certificates over $50,000 also available with quarterly dividends
Early withdrawal penalties may apply
Individual Retirement Accounts
Traditional or Roth IRAs available
IRA Share Accounts or IRA Certificates of Deposit available
IRA Share Account can be opened with a minimum of $100.00
IRA Certificates of Deposit can be opened with a minimum of $1000
Quarterly dividends based on average daily balance
Consult tax advisor about possible tax benefits
Penalties may apply for disbursements made prior to retirement age
*Early Withdrawal Penalty. We may impose a penalty if you withdraw from your account before the maturity date. Amount of Penalty. For all accounts, the amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows: Terms of 1 year or less 90 days’ dividends Terms of longer that 1 year 180 days’ dividends. How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal. Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: (i) When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction. (ii) Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after the establishment; or where the account is a Keogh Plan (Keogh), provided that the depositor forfeits an amount of at least equal to the simple dividends earned in the amount withdrawn; or where the account is an IRA or Keogh and the owner attains age 59½ or becomes disabled.