Assemblies of God Credit Union offers a variety
of ways to save your hard earned money, from basic share (savings)
accounts to IRAs. Sub-saving accounts for vacations, furniture,
entertainment and school expenses can be created under one
account number. Dividends (interest) accrue on the average
daily balance and are paid quarterly. Single owner or joint
accounts are available. With a single ownership, you as an
individual, have complete control. At death, the funds become
part of your estate. Joint owners (two or more) share equal
rights on the deposit and withdrawal of funds. Upon the death
of one joint owner, the survivor(s) own the funds.
Each account is insured by The National Credit Union Association (NCUA) up to
$100,000.00. NCUA maintains one of the largest and strongest levels of financial
reserves in America.
Share Certificates
Share certificates are available, and they are the equivalent of certificates
of deposit. You can typically earn higher rates of interest by placing your
savings in certificates. You can get them in both your regular accounts and
your IRA's. Call or email us with any questions
that you have.
Christmas Club
The Christmas Club account allows you to make deposits throughout the year.
Dividends are paid regardless of the balance in your Christmas Club account.
In mid October, balances are transferred to your primary share (savings)
account and automatically renewed for the next holiday season. Contact
us to set
up your Christmas Club today.
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IRAs
Assemblies of God Credit Union IRA's are insured up to $250,000
by the National Credit Union Association (NCUA) and contributions
may even be tax-deductible. An IRA is a great way to save for
retirement. However, IRA's are not just for retirement anymore!
Whether you're interested in a traditional, Roth, or Education
IRA, Assemblies of God Credit Union can help you set up an
IRA that fits your needs. Annual contributions and withdrawal
limits are set by Federal Law. Contact
us for more information.
Kirby Kangaroo
Kirby Kangaroo accounts are offered to children ages 0 - 12
years old. They begin earning interest on the first $25.00
deposit. Prizes are awarded for each additional $5.00 deposit.
The Kirby Club is a great way to teach your children a fun
way to save their money!
Life Savings Insurance
Double the amount in your savings account to pass on to beneficiaries.
The balance of your savings is matched up to $2,000.00. The amount of
insurance is based on your age at the date of each deposit.
On joint accounts, only the first signer is insured. You
will receive a copy of the insurance certificate when you
open your account. Contact us for
more details.
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