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Share Accounts |
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The minimum $25.00 dollar deposit represents one voting share
that entitles members over 18 years of age to vote during the Anoka
Hennepin Credit Union Annual Meeting. In addition, all
services provided by the credit union are then available for members
to use. Dividends on this account are paid quarterly and rates
are tiered to account balances. When the account is closed,
the balance including the minimum $25.00 share will be returned to
the member with accrued dividends from the previous quarterly
period. |
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Money Market Accounts |
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Money
Markets earn a higher dividend rate than regular share accounts
(savings). Maintain a minimum opening balance of $2,500.00
dollars, and write up to 3 checks per month. Each check must
be written for $500.00 or more. Transfer between your accounts
for convenience. Dividends are paid monthly. Rates are
tiered to the account balance and may change monthly. |
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Certificates |
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The terms of
the certificates are from 6 to 60 months. A 6-Month Certificate
has a minimum balance of $1,000.00, the 12 to 24-Month Certificates
have a minimum balance of $2,500.00 and the 36 to 60-Month
Certificates have a minimum balance of $5,000.00. |
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IRA Accounts |
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IRA Money
Market - The general guidelines for the Money Market apply to this
IRA Money Market. The minimum balance of the IRA Money Market
is $100.00. The IRA Money Market is a retirement fund that you
cannot withdraw from before age 59 1/2 without incurring IRS
penalties. Yearly contributions are limited to $2,000.00.
IRA Certificate - IRA Certificate
terms are 12, 36, and 60 months, with a minimum balance of $500.00.
The IRA Certificate is a retirement fund that you cannot withdraw
from before the age of 59 1/2 without incurring IRS penalties.
Changing this IRA term is an option when the certificate matures.
Add on to this IRA Certificate during the term.
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Christmas / Vacation Club |
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Save for the holidays. This limited access share account
requires contributions through Payroll Deduction, Direct Deposit or
Automatic Transfer. Distribution for the Holiday Club will
occur on the 1st Tuesday in November.
Dividends are paid to the account on the 31st of October. Early access
to this account requires a signed letter addressed to the AHCU Board
of Directors. Distribution may not be immediate with early
withdrawal. Funds are transferred to a regular share account
and continue to earn dividends until the funds are used. No
need to re-apply, this program is scheduled for auto start-up next
year.
Save for that dream vacation you've always wanted. This
limited access share account requires contributions through Payroll
Deduction, Direct Deposit or Automatic Transfer. Distribution
for the Vacation Club will occur on the 1st
Tuesday in April. Dividends are paid to the account on the 31st
of March. Early access to this account requires a signed
letter addressed to the AHCU Board of Directors. Distribution
may not be immediate with early withdrawal. Funds are
transferred to a regular share account and continue to earn
dividends until the funds are used. No need to re-apply, this
program is scheduled for auto start-up next year. |
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