Started with 7 members and original investment of $35, it has grown to 100,000 members worldwide having 18 branches in Southeast Alabama, the Emerald Coast of Florida and the Mobile Bay area. By providing cost effective financial services since 1966 it has made a history for itself in successful 40 years. Based on its sound financial holding it has received a 5-Star Superior rating from BAUERFINANCIAL, Inc. of Coral Gables, FL. This accreditation makes it one of the strongest credit unions of the nation. As on 31 December, 2008, its assets totalled to $663,746,909.
You can surely take advantage of this solid credit union by opening your deposit account with it. A Certificate of Deposit (CD) account would fetch you higher rates of return which are explained as below:
- 3 Month certificate earns dividend of 2.75%, and 2.75% APY.
- 6 Month certificate earns dividend of 3.25%, and 3.25% APY.
- 9 Month certificate earns dividend of 3.75%, and 3.75% APY.
- 12 Month certificate earns dividend of 3.94%, and 4.00% APY.
- 18 Month certificate earns dividend of 3.65%, and 3.70% APY.
- 24 Month certificate earns dividend of 3.70%, and 3.75% APY.
- 36 Month certificate earns dividend of 4.09%, and 4.15% APY.
Features:
@ The minimum opening deposit for all certificates is $1,000 except 12 month certificate requiring $500.
@ Certificates will automatically renew at the time of maturity.
@ Early withdrawal penalties apply on all certificates except on 9 month certificate allowing one penalty free withdrawal.
Jumbo Certificates:
- 3 Month Jumbo certificate earns 2.70% dividend, 2.70% APY.
- 6 Month Jumbo certificate earns 3.35% dividend, 3.35% APY.
- 9 Month Jumbo certificate earns 3.85% dividend, 3.85% APY.
- 12 Month Jumbo certificate earns 3.99% dividend, 4.05% APY.
- 18 Month Jumbo certificate earns 3.75% dividend, 3.80% APY.
- 24 Month Jumbo certificate earns 3.80% dividend, 3.85% APY.
- 36 Month Jumbo certificate earns 4.18% dividend, 4.25% APY.
Features:
@ The minimum opening deposit for all certificates is $100,000.
@ @ Early withdrawal penalties apply on all certificates except on 9 month certificate allowing one penalty free withdrawal.
IRA Term Certificate Rates:
You can save for your retirement with IRA certificates. The minimum opening deposit is $1,000.
- 12 Month IRA certificate earns a dividend rate of 3.94%, 4.00% APY.
- 18 Month IRA certificate earns a dividend rate of 3.65%, 3.70% APY.
- 24 Month IRA certificate earns a dividend rate of 3.70%, 3.75% APY.
- 36 Month IRA certificate earns a dividend rate of 4.09%, 4.15% APY.
Features:
@ Traditional IRAs are available for individuals having earned income under the age of 70.
@ Furthermore, parents may open an IRA account on their child’s behalf and manage it.
*All the above stated rates have been noted as on 12 November, 2008.
** Your funds are federally insured upto $250,000 and backed by NCUA.
For further details and clarifications you may call AACFCU’s Investment Department at 1-800-448-4096.