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Air Force Federal Credit Union
The Air Force Federal Credit Union is
a not-for-profit, member owned financial cooperative. This
cooperative provides friendlier personal services to US
Air Force personnel at lower fees. It has low loan rates
and higher dividend rates than the for-profit financial
institution. The Air Force Federal Credit Union gives lifetime
membership.
The US Air Force personnel can avail the benefits of a
variety of loans from the Air Force Federal Credit Union.
You can get loans for making almost any purchase like car,
motorcycle, house etc. There are provisions for several
other loans to help you through financial crisis. Those
include- home Improvement and home equity loans, conventional
and VA mortgages, line of credit loans, personal unsecured
loans, share secured loans etc.
To become a member of the Air Force Federal Credit
Union, you need to deposit at least $5 into your
share savings account. There are provisions of two different
checking accounts- Command Club Checking and Simple Checking.
The US Air Force personnel can avail the benefits of direct
deposit, monthly dividends and overdraft protection. All
the services are free of monthly service charge and per
check charge. There is no minimum balance requirement in
your account. The Visa Check Card enables you access thousands
of ATMs worldwide. Making AFFCU loan payments with automatic
transfers from this account will give you a 0.25% discount
on your loan rate.
The Air Force Federal Credit Union provides safe investment
options to the US Air Force personnel. You can open a share
certificate with as little as $1,000. You get an insurance
of $100,000 on your investment. The terms vary from six
months to five years and you get monthly dividends on your
investment.
The US Air Force personnel can invest in
an IRA to have more control over financial affairs after
they retire. Air Force Federal Credit Union has the provision
of both Traditional and Roth IRAs. The lowest investment
limit is $5. To have faster growth on your money, you can
open a Money Market Account. The minimum investment limit
is $2,500 here.
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