Share Accounts are insured to $250,000 by the NCUA (National Credit Union Administration). An IRA is separately insured up to $250,000 by the NCUA. Saving in your Credit Union YIELDS GREATER RETURNS.
This is our basic savings account. Upon joining, the $25 to open the account is your ownership in the credit union, called shares, which earn dividends. Statements of your account will be sent at least quarterly. You must always have $25 in your Prime Share Account to remain a member in good standing and eligible for other services.
At Coloramo, we do not have a myriad of personal checking accounts with different fees and services for each one. We have ONE personal checking account for everyone... and it is FREE!
Business share draft accounts may have fees and/or other requirements. Please ask a member service representative to learn more about business checking.
Savings plans for children of different ages, from toddlers to teenagers. The practice of saving is encouraged!
A great way to effortlessly create a holiday shopping fund. Set up direct deposit or automatic transfer to this account. Earns a higher rate than the Prime Share Account. Dividends compound monthly. Distributes to your Share Draft Account on October 1st.