Money Market Accounts
Money Market Accounts
provide better access to your money than a
traditional term share certificate. It’s a
great way to earn higher returns without
tying your money up. Three (3) withdrawals or
transfers are allowed per month without
penalty.
Rates
are competitive and dividends are calculated
daily and paid monthly. A minimum balance of
$1,000.00 is required to earn dividends for Money Market
Accounts.
Term Share
Certificates
Term Share Certificates offer a high-yield
alternative to a traditional savings
account. A certificate may be opened with a
minimum deposit of $1000.00. We offer terms
from ninety (90) days to sixty (60) months
to suit your investment needs. Dividends are
calculated daily and paid to your account
monthly based on a calendar month. Call the
credit union for current rates and yields.
Individual
Retirement Accounts
Whether you rollover your funds , directly
transfer, or make contributions, we can open
an IRA for you. The credit union offers
Traditional, Roth, and Educational IRAs.
Alliance FCU imposes no opening, closing or
maintenance fees. IRA’s are separately
insured to $250,000.00 by the NCUA. An IRA
offers security for the retirement years and
tax savings for today. A minimum balance of
$250.00 is required for IRA accounts.
Dormant Accounts
A dormant account is a member deposit
account that has had no activity for a
period of 12 months, and the member has not
contacted the credit union during the same
period of time. A dormant account at
Alliance FCU with a balance less than or
equal to $100 will be assessed a $3.00
Inactive Account Fee per month. This fee will
be taken until the account has a zero
balance. If after 5 years, there is still a
balance left on the account with no contact
from the member, the funds must be turned
over to the State of Texas.
Accounts with an open loan or Certificate of
Deposit are exempt.
If you have any questions regarding dormant
accounts or think that you may have an
account in trouble of being placed in
dormant status please contact the Credit
Union at 1.800.687.4328.
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Save money
on a daily basis without a lot of planning.
Each time you use your Visa Check Card, your
purchase amount is rounded up to the nearest
dollar and the extra change is moved to your
savings account every day.
To enroll in the isave program, you will need to fill out a new
Power Checking
application select the option to
enroll in isave.
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