Accounts and Investments

City of Downey Federal Credit Union offers a full range of financial products:

• Regular Shares (Savings)
  This account begins your membership with City of Downey Federal Credit Union. As a member-owner, the credit union's products and services are now available to you and your family members are eligible to join the credit union as member-owners themselves. A $25.00 minimum balance is required to maintain the account and your membership, with dividends paid monthly.

• Share Draft (Checking)
  Provides unlimited access to your funds at City of Downey Federal Credit Union by using your checks to conduct your financial transactions. A $25.00 minimum deposit is required to open this account and it is free monthly if you maintain a minimum balance of $500.00.

• Holiday Club
  This account makes the Holidays affordable. Just make budget-friendly deposits through-out the year and you'll have plenty of extra 'jingle' in your pocket when the holidays roll around. You can have unlimited withdrawals from November to December. A $5.00 fee is charged for early withdrawals.

• Vacation Club
  Start saving now to secure your vacation plans for tomorrow. This account may be used as a secondary account for other savings such as children's tuition and property tax payments.

• Kid's Club
  Now may be a good time to sit down with your kids and discuss the importance of budgeting, setting a savings goal, and taking advantage of compounded interest at CalCom.

• Share Certificate (CDs 6-24 Months)
  Maximize your earning potentials on a term you want. Flexible terms at very competitive rates. Longer terms and higher investments gives you higher returns.

• Individual Retirement Account (IRA)
  City of Downey Federal Credit Union offers both Traditional and Roth IRA. Payroll deduction to your IRA is also available to ensure that you maximize your annual contribution.

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USA PATRIOT Act Disclosure. Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account, in order to help the government fight the funding of terrorism and money laundering activities. What that means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license and other identifying documents. Therefore:

• Please have the following items/information handy: Driver's license or state ID number, mother's maiden name, Social Security number for you and any of your joint owners and co-borrowers, as well as the name, address, and Social Security number for your beneficiaries.
• Applicants must meet all requirements for membership in City of Downey Federal Credit Union.
• Account opening subject to verification through a consumer reporting age