Please review the Important Account Information for Our Members for complete disclosures.
Share Savings Accounts
Credit Union savings are called share accounts, FREE of monthly maintenance service charges. Dividends are earnings paid to members’ share accounts. These dividends are paid quarterly and added to the account. The credit union pays dividends on a quarterly basis, with dividends compounded quarterly, and calculated on a day in day out basis. Quarterly statements are mailed showing the share balance, loan balance, dividends for the quarter and other pertinent information.
HEFCU also has a Christmas Club Savings Account reserved just for you!
The credit union offers a convenient place to save, and your account is insured up to $250,000.00 by the strongest federal insurance fund — the National Credit Union Share Insurance Fund (NCUSIF). This fund is administered by an independent agency of the federal government, the National Credit Union Administration (NCUA).
Share Draft Accounts
Standard Checking
Standard Checking is your HEFCU no frills checking account. With standard checking you have no monthly service charge, no minimum balance requirement, and no per check charge.
Second Chance Checking
Second Chance Checking accounts are for those that need a second opportunity to get themselves on the right financial path.
Earn high dividends, on balances up to $20,000, when you meet three easy qualifications, that you probably already do, each cycle**.
Monthly cycle requirements:
1.) Must have 15 debit card purchases post and settle prior to the last day of the activity qualification cycle or one business day prior to the last business day of the month.
2.) Must have a direct deposit or ACH automatic debit post and settle prior to the last day of the activity qualification cycle or one business day prior to the last business day of the month.
3.) Must sign up to receive eStatements (Please note just signing up for Homebanking does not automatically enroll you in eStatements, if you need clarification of enrollment procedures please contact one of our branches for further assistance.)
When the above three requirements have been satisfied you will earn 2.55% APY* on your $mart Checking account and Nationwide ATM fee refunds up to $25. Click here for more details.
*APY=ANnual Percentage Yield. APYs as of 04/01/14. Rates may change after account is opened. If qualifications are met each monthly qualification cycle: (1)ATM fees incurred during qualification cycle will be reimbursed up to $25 ($4.99 per single transaction) and credited to account on the last day of the monthly statement cycle; (2) balances up to $20,000 receive APY of 2.55%; and (3) balances over $20,000 earn 0.35% dividend rate on portion of balance over $20,000, resulting in 2.55% – 0.72% APY depending on the balance. If qualifications are not met, all balances earn 0.05% APY. Qualifying transactions must post to and settle account during the monthly qualification cycle. Transactions may take one or more business days from the date transaction was made to post to and settle an account. ATM transactions do not count towards qualifying debit card transactions “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Fees may reduce earnings. No minimum balance is required to open this account. Available to personal accounts only. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.
TEEN Checking Account
Students age 13 to 18 receive a free box of 50 introductory checks and may be eligible for an ATM/Debit card. If member is under 18, a parent or guardian is required as a joint owner.
*To obtain a share draft (checking) account you must have a regular share account. The credit union may obtain credit information from various sources before issuing a share draft account, as opening a share draft account is subject to approval.
Share Certificates
Share certificates are for a fixed amount of time earning a higher rate of return than a regular savings account. Terms are available from 3 months to 48 months with a minimum opening balance of $500.00. Dividend options include: monthly dividend check, transfer to another credit union account, or redeposit into the share certificate. For current rates contact us at 1-800-368-2618. *Penalties may apply for early withdrawal.
Individual Retirement Accounts (IRAs)
Halliburton Employees’ Federal Credit Union offers IRA accounts including the traditional, Roth and Education. Terms range from 3 months to 48 months. Share accounts and share certificates are available. For more details and current rates call one of our retirement account specialist at 1-800-368-2618. *Penalties may apply for early withdrawal.
Money Orders
Money Orders – Halliburton Federal Credit Union offers Money Orders. Money Orders are available from $1.00 to $1,000.00 at all four locations for only $3.00 each.