Savings Options
Share Savings
A share savings account represents your "share" ownership in the Credit Union. A minimum deposit of $5.00 opens availability to all other Credit Union services. The savings of all members are combined to create a resource from which members may borrow for various needs.
Dividends are calculated on your daily balance and paid quarterly to your account.
No dividends will be paid to master share accounts for any day that the balance falls below $100 during the quarter for which dividends are declared. Account statements are mailed at least quarterly for each account.
Every CECU member must keep a Share Savings account and maintain a balance of $5.00. This is the first step to open the door to all that Cessna Employees Credit Union has to offer. CECU membership is open to all employees and retirees of Cessna Aircraft Company, its subsidiaries, and select affiliates including Cessna Finance Company, Eaton Hydraulics - Hutchinson, Yingling Aviation, Flight Safety International - Cessna, and members of their families. Click here for our membership application.
Share Certificate of Deposit
High yielding Share Certificate of Deposits are offered for various terms, generally ranging from 6 months to 5 years. Most certificates require a minimum deposit of $1000.00. Penalties may apply for early withdrawal of a certificate of deposit.
Please click to check our current rates on CD's.
Individual Retirement Accounts (IRA)
CECU offers IRA share accounts and fixed rate certificate accounts for Traditional, ROTH, and Education IRA products.
TRADITIONAL - Before tax dollars invested and taxable at withdrawal, known as tax deferred.
ROTH - After tax dollars invested with tax free withdrawal opportunities, no taxes on gains.
EDUCATIONAL - An excellent way to pay for college expenses, no taxes on gains, limited to $2000.00 annual maximum deposit.
IRA Share Accounts - Competitive rates let you add funds as you like.
IRA Certificate Accounts - Fixed term, fixed rate. Great earning potential!
Christmas Club Account
A Christmas Club Account offers a unique opportunity to save through the year for anticipated holiday purchases. Members who are Cessna employees can utilize convenient auto transfers to add to their Christmas Club Accounts
Balances in the Christmas Club Account earn quarterly dividends. Each November, funds are made available to members by automatic transfer to their savings accounts.
Are you ready to start saving with a Christmas Club account? You can open one any time of the year by simply calling Member Services at 316-517-6578. You will be surprised at how quickly your savings will add up!
