Savings

Savings Account

This account is required and establishes your membership with us. For NM employees, we’ll cover the $5 minimum balance requirement for you!

• Pays a higher dividend rate than comparable accounts elsewhere
• Low minimum balance requirement of $5
• Open multiple savings accounts under your membership for specific savings goals. Plus - you can even nickname your accounts to make keeping track of your specific savings goals easier!
• Can be used as Overdraft Protection for your NMCU checking account
• Dividends compound daily and post to account monthly

1500 Club

The area's best money market rate.

• Rates can change monthly
• Low minimum balance requirement of $1,500
• Minimum withdrawal $500
• Federally insured by NCUA with no market risk
• Can be used as overdraft protection on your NMCU checking account
• Dividends compound daily and post to account monthly

Holiday Club Account

• Holiday Club term runs from October 1 through September 30 each year
• At maturity, funds, including a generous dividend, are transferred to your savings account
• Withdrawals prior to maturity result in the account being closed and accrued dividends forfeited. The account may not be reopened until the start of the new account term
• Minimum balance of $5
• Maximum balance of $7,500

Certificates

• Certificates are like a certificate of deposit and offer competitive rates
• Minimum deposit of $1,000 to open
• 90 day dividend penalty for early withdrawal (full or partial withdrawal)
• Available terms:
  
  • One year
  • 18 months
  • Two years
• Dividends compound daily and credited back to the certificate or the credit union account of your choice quarterly and at maturity.

Individual Retirement Accounts

We offer three different types of IRAs:

• Traditional
• Roth
• Coverdell Education Savings Account

Investment options include an IRA savings as well as the certificate options listed above. The credit union accepts 401k and IRA rollovers, as well as rollovers from your NM Cash Balance Plan when you retire.

View Our Deposit Rates