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Solutions

Posted on: July 16th, 2012 by General Credit Union No Comments

You’ve got goals, and knowing what you’re currently saving is an important part of making sure that you’ll achieve your financial objectives. That’s why we’ve got solutions to help you reach them that are designed for all your unique savings needs.

Money Market Accounts

For those savers who want more return on a savings account with easy access, our money market ‘Money 1’ account can do just that.

General Savings Accounts

With a minimum deposit of just $25, you can establish your membership with the credit union. All our savings accounts pay daily interest, compounded quarterly.

Christmas Account

Everybody needs extra money for Christmas. Start your Christmas Club today and experience a little more joy of the season in December. Minimum opening balance is $25.00.

Anytime Savings Accounts

This is an account to use for anything you want such as vacation, college fund, new garage, wedding expense or anything you can think of that you need to save money for. You can have as many of these accounts as you want. Each account requires a minimum opening balance of $25.00.

Health Savings Accounts

Our Health Savings Account, a tax-exempt account established exclusively for the purpose of paying or reimbursing qualified medical expenses, helps make sure all your medical expenses are covered if you have a higher insurance deductible, are not enrolled in Medicare and are not claimed as a dependent.

Individual Retirement Accounts (IRA)

If you’re leaving your job or retiring, there are many financial decisions to make. Financial Network, located at 3486 Stellhorn Road, is familiar with pension and 401(k) rollover rules that apply to many area employers. They offer the following services: IRA Rollover; Retirement Plans; Lump-Sum Distributions; Trust Management; Wrap Fee Programs. Call them today at 260-486-4086 or 877-837-2438. IRAs with a 6-9 month maturity will have interest posted monthly and compounded daily. Any IRA with a greater maturity than 9 months will also have interest compounded daily, but will be posted quarterly.

**No American Share Insurance/No Credit Union Guarantee/May lose value. General Credit Union and Financial Network Investment Corporation are not affiliated companies.**

Certificates of Deposit (CDs)

Our rates are always competitive and you can have your interest the way you want it – compounded or transferred to another account. CDs with a 6-9 month maturity will have interest posted monthly and compounded daily. Any CD with a greater maturity than 9 months will also have interest compounded daily, but will be posted quarterly.