Savings accounts to fit your goals.

Chicago Municipal Employees Credit Union offers a variety of savings and investment products.

To join the credit union, open a Share Savings account with a deposit of at least $25. This account earns quarterly dividends, and it represents your share of ownership in the credit union, which in turn makes you eligible to use all of our other services.

Share Certificates provide members with an opportunity to lock in a higher dividend by investing $1,000 or more for a defined period of time ranging from six months to five years.

The credit union offers two types of Club Accounts. Both the Holiday Club account and the Financial Health Club allow you to make regular deposits throughout the year, earning dividends as you go, leading to a disbursal date when you receive your accumulated earnings for the year plus dividends earned.

For long-range savings and investments, CMECU also offers three types of Individual Retirement Accounts (IRAs): the traditional IRA, the Education IRA (sometimes called the Coverdell IRA) and the Roth IRA. All three account types provide significant tax advantages for saving, and almost everyone who works is eligible to open an IRA. See our Financial Advisor, Andy Hall, for more details.

Federal Deposit Insurance: Each member account at Chicago Municipal Employees Credit Union is federally insured to $250,000 by the National Credit Union Administration. This insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC), and not one penny of insured savings has ever been lost by a member of a federally insured credit union.

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