Fees | Clark County Credit Union

Fees

Why are there fees?

All banks and credit unions have fees, however there is a difference. While for-profit banks try to find ways to charge you fees, your not-for-profit credit union tries to find ways to not charge you fees. At CCCU, we focus on top-notch service, rather than fees. Still, it costs money to operate the business so we can serve you when you need us.

CCCU Fees

There are four ways a member can help carry their fair share in costs:

Borrow money as a loan

When a member borrows money, it is paid back with interest. Some of the interest covers the expenses of serving the borrower. The rest goes back into the credit union to pay dividends to members or to be invested, thus earning more money for the entire membership.

Deposit your money
with us

You can place your money on deposit at CCCU in many types of insured accounts – savings, checking, certificates, money market, etc. While it is there, it earns money by being invested in secure, interest-bearing instruments. Most of the earnings are returned to you as dividends, and a small portion is retained to pay the expenses of caring for your money.

 Pay Fees

Members with lower balances still create expenses for the credit union. When it comes to paying the costs of providing ATMs, branches, account services and staff to serve the members, operational expenses add up, creating a need for fees. Since CCCU is a not-for-profit organization, members that do not carry high balances in deposits or loans are required to pay some fees to cover their fair share of operational and service expenses.

Use 'Green Account' features

When you use our environmentally friendly electronic services, you are able to access many self-service features. This saves you and us time and labor, and eliminates paper and postage expenses. Some of those savings go directly to your account. For example, ask your representative about ePlus checking and Services. When you use e-Plus methods, monthly fees for checking and statement mailing are eliminated. You save in several ways.

Some fees may be avoided while are universal account services fees and cannot be waived.

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