You can open a Share Certificate with a minimum balance of $2000. Share Certificates are available with terms of 12 months to 24 months. An early withdrawal penalty may apply.
Features of our Share Certificates include:
One of the greatest challenges facing Americans today is ensuring the financial well being and security of your family throughout your retirement years. With uncertainty over the adequacy of social security growing daily, it’s increasingly necessary to rely on your own savings plans and resources to support your future retirement plans.
Yet another challenge is finding money for the impending college education expenses for your children. Tuition and other collegiate expenses are on the rise, so it’s a good idea to get a head start on saving for those expenses now, instead of getting caught unprepared later!
At Angelina Federal Employees CU, we offer 3 long term savings accounts geared to help you save for your family’s future:Traditional IRA
A Christmas Club Account is a unique savings tool at AFECU. This type of account lets you save for the holiday season, or for any other special reason you wish to save. It is also ideal for helping you save year-round to pay escrow (taxes and insurance) on your mortgage. The club begins on November 1st and runs through October 31st of the following year, though members may join the club at any point in the year. No withdrawals are permitted until the account matures on October 31st, in order to help you achieve your maximum savings potential.
Other benefits include:
Teaching the youngsters in your family good saving habits at an early age can benefit them for a lifetime. That’s why AFECU invites your children to join the Regal Eagle Kids Club. This account is designed for children ages 15 and under. They’ll earn dividends and cool prizes for their saving efforts and participate in fun club activities throughout the year. An initial deposit of $5 is required.
Other features of Regal Eagle Kids Club include:
In addition to a lifelong lesson in saving money, kids will also receive:
You can arrange to have your payroll, Social Security, pension or any other recurring check deposited directly into your AFECU checking or savings account. By doing so, you can eliminate the possibility of losing your check and avoid the need to stand in line to cash or deposit it.
The National Credit Union Administration (NCUA) provides insurance coverage of up to $250,000 for your Credit Union account(s). To learn more about the type of accounts and the total amounts that the NCUA may insure, visit this link directly to NCUA.