VHFCU’S Share Savings account is the basic member savings account, requiring a single $50.00 deposit and a $1.00 membership fee to open the account. This account establishes your one share, one vote in your credit union. Every Member has a Share Savings account, which is good for a lifetime.
This account features unlimited deposits and withdrawals. Once members establish a Share Savings account they are eligible for all the other products and services offered by VHFCU.
Individual Retirement Accounts (IRAs) were created to give wage earners a tax-deferred investment plan for retirement. Regardless of income or participation in other pension plans, taxes on Traditional IRA earnings are deferred until the money is withdrawn, usually during retirement when you will most likely be in a lower tax bracket. Many wage earners can also deduct some or all of their contributions to a Traditional IRA. Minimum balance required to open account is $500.00.
While Roth IRA contributions are not tax-deductible, there are potentially greater tax benefits. All contributions and earnings left in the Roth IRA for at least five years and withdrawn after age 59½ will not be taxed, no matter what your tax bracket or income level. And, unlike the Traditional IRA, you do not have to start withdrawing money when you reach age 70½. Minimum balance required to open account is $500.00.
Want to save money for the holidays? A Holiday Club account is the perfect choice. This account may be opened anytime throughout the year. Your deposits are made automatically each month to ensure you will have the cash you need for the holiday. November 1, the credit union will mail you a check or automatically transfer the funds into your share account. Make your next holiday season more festive with a Holiday Club account from VHFCU. You may open a Holiday Club account with as little as $5.00.
Want to save money for your vacation? A vacation club account is the perfect choice. This account may be opened anytime throughout the year. Your deposits are made automatically each month to ensure you will have the cash you need for vacation. May 1, the credit union will mail you a check or automatically transfer the funds into your share account. Make your next vacation is more fun with a vacation club account from VHFCU. You may open the vacation club account with as little as $5.00.
Reloadable Debit Cards
Now you can have the convenience of debit cards for your withdrawals. Have us load the funds you withdraw from your savings on to your card. We're going to give you your 1st card free; any additional cards will cost $10.
New/Used Vehicles-up to 84 months, rate as low as 1.70%.
New/Used Recreational Vehicles-up to 120 months, rates as low as 6.5%.
New/Used Boats-up to 120 months, rates as low as 6.5%.
New/Used Motorcycles-up to 120 months, rates as low as 6.5%.
Unsecured-$10,000 maximum aggregate total, up to 36 months, rates as low as 8%.
Emergency/Holiday/Vacation-$1,500 maximum, up to 12 months, rates as low as 8%.
Share Secured-minimum loan amount $200.00, up to 120 months, 2-5% over dividend earned.
Increase My Wealth-$1,000 to $10,000, at 4% for 1-5 years; put it back into a special savings account that is frozen until the loan is paid.
Credit Disability Insurance
In the event you become totally disabled by sickness or an accident, credit disability insurance pays your loan payments up to the policy maximum. The premium for this service is added to your regular loan payments. For full policy details please contact the credit union. Speak with us for complete details.
Take a portion of your paycheck and have it automatically deposited to your Credit Union account. Most members find payroll deduction the most convenient method of making loan payments or setting aside money for their Holiday/Vacation club. Stop by the Credit Union for more details.
Need Cash Now Loan
In an effort to steer members away from payday lenders that charge those outrageous interest rates (over 100%) and high fees, the credit union has put together a product that will require NO credit report or income verification.
· $500.00, maximum 6 month term
· Must be employed with the same employer for at least 1 year (verified) and a member of the credit union for at least 2 months.
· 24% with payment payroll deducted
· $20.00 fee
· No history of past due payments of 60 days
· Members with ANY history of past due payments of 90 days or more are not eligible for this loan
· Student Workers are not eligible for this loan
You should be able to walk up to the counter and walk away with the money!!
VISA Gift Cards
Loadable from $10.00 to $1,000.00
Purchase with withdrawal from your account or cash
Low purchase fee of $5.00
By law, you are entitled to get a free copy of your credit report annually from all three agencies. Click the link below to get yours!