HCCU Account Types

HCCU offers a variety of account types to cater to different financial needs. The primary account types include:

• Money Market Accounts: These accounts are safe, secure, and flexible, providing a higher rate of return compared to traditional savings accounts. A minimum opening deposit of $2,500 is required, along with a minimum average daily balance of $2,500 to earn dividends. Members are allowed one free withdrawal per month, with additional withdrawals subject to fees.

• Certificates & IRAs: HCCU provides share certificates (CDs) that typically yield higher earnings than standard savings accounts. Two primary types of IRAs are offered: Traditional and Roth, each with specific tax advantages and contribution limits.

• Savings Accounts: HCCU offers interest-bearing savings accounts, which require a minimum balance of $25. These accounts can be used to set aside funds for various purposes, including health savings accounts for medical expenses.

For more details on account types, visit HCCU Money Market and HCCU Certificates & IRAs.

HCCU Broker Account Opening Process

Opening an account with HCCU involves a straightforward process:

• Eligibility: Anyone who lives, works, worships, or attends school in specific counties may apply for membership. Additionally, California residents can join through affiliation with the Financial Fitness Association.

• Application: Interested individuals can apply online or visit a branch. The application will require personal information such as name, address, and date of birth to comply with federal regulations aimed at preventing terrorism funding and money laundering.

• Identification: Applicants must provide valid identification, which may include a driver's license or other identifying documents.

• Initial Deposit: For certain accounts like the Money Market Account, an initial deposit of $2,500 is required.

• Account Setup: Once the application is approved, the account will be set up, allowing members to access various financial services and products.

For further assistance, contact HCCU at 1300365724 or email ubelong@hccu.com.au.