October 20, 2017
 
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Services Available from Your Credit Union

Founded on the basic democratic premise of the cooperative movement, your Credit Union believes that access to low-cost financial services is critical to the health and stability of ordinary citizens. Credit union membership offers many benefits. Services offered range from simple savings to home equity loans to IRAs. Study after study has revealed that, on average, credit unions provide the best financial offerings with fewer fees, lower rates on loans and higher rates on savings.

Automobile Loans

We make your car buying experience a breeze! Finance your new or used car, truck or van at Jefferson Community Federal Credit Union. We offer flexible financing terms and competitive rates.

Home Equity/Mortgage Loans

Jefferson Community Federal Credit Union's Home Equity Loan establishes a secured "line of credit" that you may draw on-up to your credit limit.

Unsecured Loans

Need a personal loan? Take advantage of Jefferson Community Federal Credit Union's unsecured loan program.

Share/Certificate Secured Loans

Jefferson Community Federal Credit Union offers loans that are secured with your own funds. They may be secured with a savings account or a certificate of deposit. Your interest rate on the loan is three percentage rates above what you are earning on the securing account.

VISA Cards

Jeffrson Community Federal Credit Union offers a Visa card with a low fixed rate of 11.9% APR.

Share Savings Accounts

Savings in a credit union are called shares. A share is $5.00. For example, when you have $50.00 in your account you have 10 shares. Dividends are paid quarterly and are accrued on your average daily balance. The dividend rate is declared by the Board of Directors and are subject to change. Accounts with balances under $50 do not earn dividends.

Share Certificate Accounts

Certificates of Deposits from your Credit Union are an excellent investment opportunity if you do not need immediate access to your funds and want to invest for longer periods to obtain high rates of return. (A penalty shall be assessed for any premature withdrawal.) 

Share Certificates mature from 3 months to 60 months, require minimum deposits from $500 and save daily dividends paid monthly on the certificate anniversay day.

Funds Manager Accounts

Funds Manager accounts are savings accounts that pay a higher rate of return with a minimum balance of $10,000. Dividends are paid quarterly and are based on your average daily balance.

Kids Club Accounts

Teach your children the value of saving! A kids club account is designed to help young people understand the time value of money, and to help families and individuals plan for important expenditures in the future.

Individual Retirement Accounts (IRAs)

Start planning for your retirement today by opening an IRA account at Jefferson Community Federal Credit Union. With outstanding rates and funds that grow tax deferred year after year, an IRA account is an important part of your long-term savings portfolio. A Traditional IRA offers tax-deferred earnings and the possibility of tax deductible contributions. A Roth IRA is funded by non-deductible contributions but gives owners the opportunity for tax-free withdrawals. New in 1998. An Education IRA enables parents and others to deposit $2000.00 per year to be used for educational purposes. Earnings grow tax-free if you meet the income requirements.

GAP Protection

Guaranteed Auto Protection (GAP) offers protection against financial liability when you finance a new or used vehicle. Gap protects against financial loss in the event that your vehicle is totaled. In today's automobile market, your vehicle begins to depreciate the minute it is purchased. Because of this your vehicles outstanding loan or lease balance is usually higher during the first few years of the loan or lease.

GAP covers the difference between the market value of your vehicle and the loan or lease balance, less any delinquent loan payments, late charges, or other insurance related charges. For example: Your loan balance after one year is $18,000.00. You total your car and the insurance determines the value of your car to be $12,000.00. The "GAP" between the two amounts is $6,000.00. The GAP coverage will pay this remaining amount therefore, you owe $0.00 balance. Without GAP coverage you would be responsible for this.

Christmas Club Accounts

Don't get caught unprepared for Christmas. Open a Christmas Club account and start saving for the holidy season now.

Vacation Club Accounts

Vacation Club accounts offer our members an easy way to save for that special trip. There is no minimum balance and funds can be deposited or withdrawn at any time.

Credit Disability Insurance

In the event you become totally disabled by sickness or an accident, credit disability insurance pays your loan payments up to the policy maximum. The premium for this service is added to your regular loan payments. For full policy details ask a Jefferson Community Federal Credit Union loan officer.

Credit Life Insurance

For a low monthly fee added to your loan, credit life insurance pays the insured balance of your loan, up to the policy maximum, in the event of your death. This ensures your family will not be left with your loan debt.

Jefferson Community Federal Credit Union
545 Ivy Tech Drive
PO Box 129
Madison, IN 47250
Phone: 812-265-3003
Toll Free: 1-800-453-8503
Fax: 812-273-2609

This credit union is federally insured
by the National Credit Union Administration.
NCUA
Equal Housing Lender

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