Allegiance Credit Union offers a wide variety of financial products and services to members. The following is a detailed rundown of what one can expect from Allegiance Credit Union:
### 1. Checking Accounts
#### 1.1. Regular Checking Accounts
– **Description**: Basic accounts with standard features for everyday banking
– **Benefits**: Online banking and access to mobile app features and ATMs; most often, there are no monthly fees if the account holder meets certain criteria.
#### **1.2. Interest-Bearing Checking Accounts**
– **Summary**: Checking accounts on which interest is paid on the balance.
– **Advantages**: Can collect interest while keeping one’s money liquid. Possibly, a minimum balance would be required to avoid fees.
#### **1.3. Student Checking Accounts**
– **Summary**: These are often accounts without a monthly fee or with low minimum balance requirements designed for students.
– **Advantages**: Resources in financial literacy and mobile access.
### **2. Savings Accounts**
#### **2.1. Regular Savings Accounts**
– **Description**: Entry-level savings accounts for enabling members to save money and earn interest.
– **Benefits**: Offers a safe destination for your money with easy access and very competitive interest rates.
#### **2.2 High-Yield Savings Accounts**
– **Description**: These are the savings accounts that accrue higher interest as compared to basic savings accounts
– **Benefits**: Maximize your earnings on what you have saved. May have higher minimum balance requirements.
– **Overview**: Higher interest savings accounts in exchange for a higher minimum balance.
– **Benefits**: Better returns with added flexibility of funds availability when required.
### **3. Certificates of Deposit (CDs)**
– **Overview**: Time deposit with a fixed interest rate for a specified term.
– **Term Options**: Typically ranges from a few months to several years.
– **Benefits**: Guaranteed return on investment with better interest rates for longer terms.
### **4. Retirement Accounts**
4.1. Traditional IRAs
– **Overview**: Tax-deferred growth retirement accounts.
– **Benefits**: Contributions may be tax-deductible; funds grow tax-deferred until withdrawal.
#### 4.2. Roth IRAs
– **Overview**: Retirement accounts with tax-free growth and withdrawals.
– **Benefits**: Contributions are made with after-tax dollars, but withdrawals are tax-free subject to certain conditions.
### **5. Loan Products**
#### **5.1. Personal Loans**
– **Overview**: Personal Loans are unsecured loans that cater to all needs, from debt consolidation to home improvement or large purchases.
– **Features**: The rates could either be fixed or floating. Also, it has flexible terms with quick access to funds.
#### **5.2. Auto Loans**
– **Overview**: Loans are for purchasing or refinancing vehicles.
– **Term Options**: Term length depends on the vehicle and the borrower’s requirements.
– **Features**: Competitive rates with flexible repayment options.
#### **5.3. Home Loans**
– **Overview**: Mortgages for buying or refinancing a home.
Fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, VA loans, and USDA loans.
Variety of term options and competitive rates; individualized service.
#### **5.4. Home Equity Loans and Lines of Credit (HELOCs)**
Loans or lines of credit that allow you to tap into the equity in your home.
Fixed-rate home equity loans, variable-rate HELOCs
Fund home improvements, consolidate debt, or cover big expenses
#### **5.5. Credit Cards**
– **Overview**: Credit cards that have varying rewards and offers
– **Types**: This category encompasses regular credit cards, reward cards, and low-interest cards
– **Benefits**: Rewards programs, cashback, special financing offers
### **6. Insurance Products**
#### **6.1. Auto Insurance**
– **Overview**: Offers protection on vehicles from such perils as accidents, theft, and others
– **Benefits**: Many coverage options are customarily there with competitive rates
#### **6.2. Home Insurance**
– **Description**: Your home and personal belongings are protected from harm or loss.
– **Benefits**: Property damage, liability, and extra living expense coverage.
#### **6.3. Life Insurance**
– **Description**: Agreements that pay your beneficial funds upon your death.
– **Type**: Term life insurance and whole life insurance.
– **Benefit**: Security to your family and loved ones; it might also include a savings feature.
### **7. Member Services**
#### **7.1. Financial Counseling**
– ** Description **: Professional Advice on budgeting, debt management, and financial planning.
– ** Benefits **: Tailored advice to attain better financial health and reach financial goals.
#### **7.2. Online and Mobile Banking**
– **Description**: Full access to your accounts through the internet or mobile app.
– **Benefits**: Conveniently manage your accounts, transfer funds, pay bills, and deposit checks.
#### **7.3. ATM and Branch Access**
– **Description**: Access to a wide range of ATMs and branch locations.
– **Benefits**: Same-day access to cash and the ability to conduct in-person banking.
#### **7.4. Member Discounts**
– **Description**: Credit union members have discounts on a variety of products and services.
– **Benefits**: Everyday savings and special deals.
### **8. Becoming a Member**
#### **8.1. Eligibility**
– **Description**: Eligibility for membership could be based on where one lives, works, or membership in certain organizations.
#### **8.2. Application Process
– **Description**: Complete application, present identification, and meet any other pre-membership requirements.
#### **8.3 Initial Deposit**
– **Description** : With some probability, the credit union can make it obligatory to bring in a minimum, initial deposit amount to initiate account opening to be its member.
### **9. Contact and Support**
#### **9.1 Customer Service**
– **Description** : Customer service of Allegiance Credit Union is always available to members in case of any question related to their account, loan application, or other services that are available to its members.
#### **9.2 Online Resources
– **Description**: Leverage online banking tools, financial tools, and more resources from the Allegiance Credit Union site.
Now you get the chance to bring to your financial table a large, diverse range of highly innovative financial products and services from Allegiance Credit Union.