Northeast Community Credit Union
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Serving the needs of Northeast Tennessee since 1952

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 Individual Retirement Accounts (IRAs)

IRAs are a safe and smart way to build wealth for the future while earning tax advantages today. Many financial and investment institutions require thousands of dollars in initial investment to open an IRA. At Northeast Community Credit Union, you can open an IRA with an initial investment of only $100. Also, you can choose the type of IRA that suits your investment needs the best: Traditional or Roth.


For details on the different types of IRAs, or to open one for yourself or your child, call any location. It's your future--invest in it.

Traditional IRA

     *A Traditional IRA offers tax-deferred earnings and possibly tax deductible contributions if you meet the requirements.

     *If you and/or your spouse actively participate in an employer-sponsored retirement plan, you can deduct contributions only if your income is below certain limits.

     *If neither you nor your spouse participates in a retirement plan, your traditional IRA is deductible.

     * You can contribute if you earn compensation during the year and will not reach 70 ½ by the end of the year.

     *When you withdraw from a traditional IRA your withdrawal generally will be treated as taxable income.

Roth IRA

       *Contributions are not tax-deductible, however, you eventually can withdraw contributions and earnings from a Roth IRA tax-free.

        *To contribute to a Roth IRA your modified adjusted gross income must meet income limits that change year to year.

        *You can withdraw funds tax-free before retirement under certain conditions: if your funds have been in your account for at least five years and you’re older than 59 ½, you buy a first-time home, or if you become disabled.

        *You’re not required to receive distributions during your lifetime. Your beneficiaries can then spread distributions out over their lifetimes.

        **NOTE: Speaking with a tax consultant is the best way to decide which IRA type is best for you and your family.

Certificate of Deposit Accounts

6,12, 18, & 24 Month CDs

Low $500 minimum balance

Dividends paid monthly or at maturity


12 Month Add-On CD

Minimum deposit of $500 to open

Deposits may be made anytime in increments of $250

Dividends paid at maturity


20 Month Bump-Up CD

Minimum deposit of $500 to open

Dividends paid monthly

With the Bump-Up CD, you have the ability to change your interest rate one time during the 20 months. If rates go up you aren't locked in to your original rate...give us a call and say..."Bump it up" and we will change your interest rate to the higher rate.




Northeast Community Credit Union has competitive rates of return on Certificates of Deposit (also known as CDs).  CDs are excellent investments with great added benefit.  All accounts are federally insured up to $250,000.


You have the opportunity to earn even higher dividends when you actively use our checking accounts or certain loan products with us.  You can add up to an additional .20%  on our current rates.  We value your relationship with us and reward you with better investment and loan rates.


CDs offer higher interest than regular savings accounts and they are a far safer investment than the stock market.  Savings certificates offer a guaranteed rate over a specific amount of time.


CDs require a minimum deposit and dividends are paid monthly into one of your designated accounts or may be paid at maturity.  Call any location now to lock in a great rate for your investment.

With the variety of CD products offered you are sure to find one that will fit your needs.

CD Penalty Information: If the CD is matured early, an amount equal to 90 days interest will be charged as a penalty on CDs 12 months or less. An amount equal to 180 days interest will be charged as a penalty if the CD is more than 12 months. No penalty for early withdrawal due to death of account holder. A penalty may be waived for medical emergencies or hardships.

Simple Savings CD

Make regular deposits through payroll deduction or direct deposit on this 24 month CD. No minimum required to open the Simple Savings CD. Simply start your regular deposits that will result in a balance of $1,000 at the end of the 2 year period. As a bonus for saving and building your CD we will add an additional $50 to your CD maturity. *Only one Simple Savings CD per member, please.

Nest Egg CD

Only $100 to open the CD

12 month term

Deposits may be made in increments of $25 anytime during the term of the CD

  Lost VISA Debit Card: 1-800-472-3272, then call us at 423-547-1200


  Lost VISA Credit Card: 1-800-558-3424, then call us at 423-547-1200

ABA / Routing #  264278827

NMLS #520867


Equal Housing Opportunity Member NCUA

Rates subject to change without notice

Certain Restrictions Apply

 © 2008 Northeast Community Credit Union


  Your Insured Shares:

Your shares are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Association.