Consumer Accounts
Gives a member part ownership of the credit union
Specifically designed for minors under the age of 18. The minor has no access to the account
What is a TUTMA
New or Used Automobile Loan/Vehicle Refinance/New or Used Recreational Vehicle/New or Used RV’S and Mobile Homes/Indirect Loan.
What is a secured loan
check guaranteed by a financial institution. The funds are cleared from the financial institution not an individual’s account.
What is a cashiers check
these come in different sizes at low costs per year. they are only located at our Spohn branch
what is a safe deposit box
This free account does not earn dividends but it is part of the Rewards Program
What is a basic checking
This is specifically designed for an account appointed by the Social Security Administration and the Veteran Affairs Fiduciary
What is a Rep Payee account
Generally based on two times monthly gross income but exceptions can be made
What is an unsecured loan
This can only be made up to $1,000 and the pay to the order of can be left blank
What is a Money Order
Members can process basic deposits/withdrawals at different credit unions within the network
what is shared branching
This account is limited to one per social security and includes tiered dividends each month
What is a Liberty Plus checking
This account is designed for someone on behalf of the deceased
What is an Estate Account
Lower interest rate by borrowing against shares
What is deposit secured
Transfer funds from Rally to another FI and vice versa. There is a $25 fee
Transfers available funds in Savings account to the Checking account to prevent overdraw. The system will transfer in $100 increments or the available Savings balance, to cover the item drafting from the checking account.
what is overdraft protection
This account earns 3.1% APY
What is a Liberty Savings
Court appointed document allowing an individual who is not an owner on an account to conduct financial transactions on behalf of the member
What is a power of attorney
What is a cash advance
Provides peace of mind that members will remain in good standing with Rally CU and merchant. The appropriate term to use when describing what this service will do in the event of an overdraft is “Strive to Pay”
what is courtesy pay
This account requires $2000 minimum opening balance
What is a money market
These accounts have rates that are locked in for a set amount of time
What is a term share
Term can be up to 180 months
what is a real estate loan
money sent via routing and account number from an employer or organization
Receive daily credit monitoring with alerts for major changes
what is credit score dashboard