SAVINGS

The primary function of any financial institution is to be a safe place for money. At Community One Credit Union, your money is not only protected by a large, metal vault – it’s also insured by the NCUA, an agency of the federal government.

SHARE SAVINGS ACCOUNT

A Community One Share Savings account is an easy way to save and earn competitive dividends.

• A deposit of $5.00 is all it takes to open a share savings account.
  
• No minimum fee is charged during the month the account is opened.
  
• Dividends are calculated on your daily balance and paid monthly.
  
  Call our office or request more information.
  

VARIABLE MONEY MARKET ACCOUNT

The Variable Money Market Account (VMM) gives you a unique combination of benefits. It pays a higher annual percentage yield than a regular share account and keeps your money liquid. You can withdraw or transfer from your money market account up to 3 times per month with a minimum withdrawal of $500.00.

• Only $2000.00 is required to open and maintain the VMM.
  
• The VMM earns a higher annual percentage yield than a share account.
  
• Your money remains liquid in the VMM and can be closed at any time without fees.
  
• You can withdraw up to 3 times per month with a minimum withdraw of $500.00.
  
• Dividends are calculated on the daily balance and paid weekly.

Call our office or request more information.

SHARE CERTIFICATES

Community One Share Certificates are available with as little as $500.00. Terms on the share certificate can range from 3 to 60 months. To get our current Share Certificate rates, call us at (330) 305-3050, request more information or visit either our Jackson or Downtown Canton office location. Special share certificate rates are sometimes offered. As with any other financial institution, early withdrawal penalties do apply.

Have a child or grandchild who is planning to go to college? Now is a great time to open a College Builder Certificate*. For as little as $50,Teen Life can open a College Builder Certificate to start saving!

To open your Share Certificate, request more information or call us at (330) 305-3050.

*Minimum $50 to open. Will follow published 12 month certificate rate.

INDIVIDUAL RETIREMENT ACCOUNTS

Community One Credit Union offers a wide range of IRA products that will help make your retirement dreams come true.

• A $50.00 minimum balance is required for an IRA share account.
  
• The minimum balance for the IRA share certificate is $500.00.
  
• There are no monthly fees.
  
• Deposits can be made as a lump sum or deposits throughout the year.
  
• Dividends will be paid monthly.
  
• IRA Share Certificates terms range from 3 months to 60 months.
  
• For current IRA rates, check our rate board or call the credit union office.
  
• To compare IRA features, check out this Quick Comparison Chart.
  

Traditional IRA

A traditional IRA is an account that allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions may be tax deductible in the year they are made. Always consult a trusted Tax Advisor who can help you assess which IRA is right for your financial situation.

Roth IRA

The Roth IRA is an account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a traditional IRA. Unlike the Traditional IRA, there is no requirement to begin taking distributions at age 70 ½.

IRA Share Certificates

Earn higher dividends with an IRA Share Certificate. IRA Share Certificates are available with a minimum deposit of $500. Higher yields are available for larger deposits and longer terms.

*IRA Share Certificates subject to C1CU penalties upon early withdrawal. Please see C1CU Truth in Savings Disclosure for details.

To begin saving in an IRA or to find out which IRA option is right for you, request more information or call us at (330) 305-3050.

HOLIDAY CLUB ACCOUNTS

Community One's Holiday Club Account is the perfect way to plan ahead and save for your holiday expenses. You can save easily through payroll deduction or by making regular deposits. Holiday Clubs funds are disbursed to your savings or checking account in early October allowing plenty of time to do your holiday shopping. If you prefer, a separate check can be mailed for a small fee.

• No minimum balance is required to open and maintain the Holiday Club Account.
  
• Dividends are paid monthly.

To open a Holiday Club Account,request more information or call us at (330) 305-3050.

Health Savings Accounts (HSA)

Health care costs are rising. Higher deductibles, copays, and benefits premiums are being passed on to employees as companies try to cut their costs and save money. A Health Savings Account or HSA is a tax advantaged medical savings account that is owned by you. They are designed to be used in conjunction with a High Deductible Health Plan. The money contributed to the account is not subject to federal tax at the time of deposit (Pre-Tax Dollars). Funds in a Health Savings Account can be used to pay all eligible medical related expenses not covered by Health Insurance Plan. Talk with us today about how you could benefit from a Health Savings Account at Community One Credit Union!

As the account owner, you decide how the HSA funds are invested. Use the money in your account to pay for qualified medical expenses for yourself as well as for your spouse and dependent children. These expenses include:

• Most Medical Care & Services
  
• Dental & Vision Care
  
• Over-the-Counter Medications

How Does It Work?

Health Savings Accounts are held as tax-exempt trust accounts. Contributions to your HSA can be made by you, your employer, or both. However, total annual contributions are limited and deductible limits change frequently so consult your tax advisor about your individual situation. Also, unlike contributions to a flexible spending account, the year-end balance of your HSA is carried over into the next year. Although contributions must stop once you enroll in Medicare, you can keep any money you have deposited in your account and use it tax-free for any medically necessary expenses. Health Savings Accounts are also portable! This means that the account can be maintained even if you change employers. Accounts may also be transferred between financial institutions. If you currently have a Health Savings Account, consider transferring it to Community One Credit Union.

Call us at (330) 305-3050 or request more information.

Balance Financial Fitness

As a Community One Credit Union member, you have access to BALANCE Financial Fitness, a financial education and counseling service dedicated to helping you achieve your goals. BALANCE offers unbiased, general advice as well as in-depth financial counseling. Visit the BALANCE site to find out how this service can help you budget and achieve your goals.

YOUTH

Community One Credit Union’s youth account programs are the perfect way for young members to begin establishing proper money management skills.

DOLLAR DOG™ KIDS CLUB (Ages 12 & Younger)

Statistics show that most kids today don’t learn nearly enough about effectively managing money. By starting the education process early, your children or grandchildren will be better equipped to make wise financial decisions in the future.

• Fun Gifts: For every $5 or more deposit, your child will receive a Dollar Dog token that can be used to make purchases at the Dollar Dog Store!
  
• Membership Cards
  
• Quarter Saver
• Online Dollar Dog Kids Club Area
  
• Financial Tools Just For Kids
  
• Dollar Dog Kids Club Merchandise
  
• Fun Contests & Events
  

Teen Life (Ages 13-17)

Get practical advice on financial topics that really matter, plus accounts and services that are designed especially for our teen members.

Can't wait until you head off to college one day? Well, if college is in your plans you need to start saving NOW! Open a College Builder Certificate* today for as little as $50 to start. Call or stop by our office to get started.

**Minimum $50 to open. Will follow published 12 month certificate rate.

Ohio Credit Union Foundation Scholarship

The Ohio Credit Union Foundation is offering Ohio undergraduate Credit Union Members the opportunity to apply for one of three scholarships ($5,000, $2,500 and $1,000) by completing an application and video to be submitted to the OCUF by April 28, 2023. A list of official rules and directions on how to enter can be found at the link below.

Student Video Scholarship Application - Ohio Credit Union League (ohiocreditunions.org)

the edge™ (Ages 18-24)

You’re on the edge. The edge of adulthood. The edge of life! This specially designed club will help you learn to manage your finances on your own…and provide you with the tools to do so! Simply open your
account with $25 or more in a savings account and $50 or more in a checking account.

• Savings – Holiday Club, Money Market, Certificates
  
• Loans – Auto, Personal, Student & More!
  
• Checking With Overdraft Protection Option
  
• Visa Debit Card
  
• Visa College Credit Card
  
• Online Banking
  
• Online Bill Pay
  
• eStatements
  
• VAL (24 Hour Voice Access Line)
  
• Direct Deposit / Payroll Deduction
• Remote Deposit Capture - Deposit checks with your Smartphone by using C1CU Mobile Banking. Simply endorse the check & print "Remote Deposit Only At C1CU" on the back & submit! You must be a C1CU Mobile Banking member to utilize this service. If you are not currently a Mobile Banking user, click here to contact us or call us at 330-305-3050

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FINANCIAL PLANNING SERVICE

Elsass Financial Group

Karl Elsass, CFP®, ChFC, MBA Karl holds the CERTIFIED FINANCIAL PLANNER™ designation and earned his MBA in finance from the University of Akron after receiving his business degree from Bowling Green State University. He holds the Series 6, 7, 24, 63 & 65 registrations and is licensed to sell securities and insurance in a number of states.

Karl began his relationship with Community One Credit Union and its members in 1996. He offers a wide variety of products to help members with all types of financial needs.

Please contact Karl toll free at 800.886.8334 or email karl@elsass-efg.com for an appointment or information on any of the following areas:
Personal Planning

♦ Retirement Analysis ♦ Educational Planning ♦ Insurance Analysis ♦ Estate Planning/Wealth Transfer ♦ Charitable Giving ♦ Long-term Care

Investments

♦ Mutual Funds ♦ Fee-based Money ♦ 529/Educational Accts ♦ Brokerage Accts Management ♦ Traditional / Roth IRA ♦ Variable Life & Annuities ♦ 401k/Pension/IRA Rollovers

Insurance

♦ Term Life Insurance ♦ Medicare Supplements ♦ Whole Life ♦ Fixed Annuities ♦ Disability Income ♦ Second to Die ♦ Universal Life ♦ Long Term Care Policies

Business Plan

♦ 401k/403b ♦ Defined Benefit ♦ SEP IRA ♦ Key Person Coverage ♦ Deferred Compensation ♦ Profit Sharing ♦ SIMPLE IRA ♦ Buy/Sell Coverage ♦ Business Continuation Planning

*Please check out our website at www.elsass-efg.com for a complete list of states Karl is licensed in and for further information on the products listed above. Our website also offers financial tools, such as calculators, insurance quotes, market summary, stock quotes and for current clients – you can now view your accounts online! Be sure to bookmark our website and drop us an email to let us know what you think!

Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge, Community One Credit Union, and EFG are not affiliated. Non-deposit investment products: are not FDIC or NCUA insured, are not obligations of or guaranteed by the credit union, involve investment risk, and may lose value. Office of Supervisory Jurisdiction located at: 125 W. Boyer, Wadsworth, OH 44281 Phone: 330.336.9292.