On October 19, 2023, Acclaim Federal Credit Union will join with thousands of credit unions around the world in celebration of International Credit Union (ICU) Day®. This year we are honoring 75 years of observing International Credit Union day around the world!
Come join us in-person at our credit union branch on from 11am to 2pm for food, fun, and free stuff! We will have not one, but TWO food trucks on site (and the food is on us!)
We will also be hosting an online Facebook giveaway raffle. To enter, you will need to visit our Facebook page between 12:00pm on October 12, 2023 and 12:00pm on October 19, 2023 and find our Facebook Giveaway post. Then, comment on the post’s question, “What are your top 3 financial tips?” and you will need to opt in to our notices by texting ACCLAIM to 888-794-1001, if you have not done so already. See official rules here.
In addition, we will be offering an incredible 5-day auto loan special! During the week of October 16th-20, 2023, approved auto loans will get up to $200 Cash Back! You can view the full details on our webpage here.
As the leaves change and the temperatures drop, it’s not just your wardrobe that needs a seasonal update—your financial plan could benefit from some attention this fall too. With the holiday season around the corner and potential weather-related expenses, here are some tips to help you prepare your finances for the autumn months.
1. Budget Review: Adjust your budget for seasonal expenses like heating and holiday spending.
2. Holiday Savings: Start saving early for holiday expenses to avoid last-minute stress.
3. Home Maintenance: Weatherproof your home to prevent costly repairs.
4. Insurance Check: Review and update your insurance policies as needed.
5. Retirement Boost: Maximize retirement contributions for tax benefits.
6. Emergency Fund: Ensure you have an adequate emergency fund for unexpected costs.
7. Benefits Review: Make informed choices during open enrollment for employer benefits.
Stay financially secure as you embrace the fall season. Small changes now can make a big difference later. Watch for more financial tips in upcoming newsletters!
Are you in search of a secure haven for your savings? Are you seeking an account that combines accessibility with an above-average rate of return?
While savings accounts are perfect for stashing away funds for emergencies or special purposes, checking accounts are designed for covering everyday living expenses. But what if there was a way to merge the benefits of a savings account with the convenience of a checking account into a single, exceptional account?
Look no further! Acclaim Federal Credit Union’s Money Market accounts offer convenient features coupled with an attractive rate of return to help your money grow more effectively.
Money Market accounts are tailor-made for funds you don’t require immediate access to but may need to withdraw portions of at some point in the future. With a Money Market account, you can earn a substantial return on your money without the volatility of the stock market or the restrictions of a savings certificate account.
It’s essential to note that most Money Market accounts have a minimum balance requirement. While some major banks demand a minimum deposit of $3,000 or more to open one, at Acclaim FCU, you can establish a Money Market account with as little as $2,500. As long as you ensure your balance stays above $2,500, you won’t incur any fees or penalties.
Still not convinced? Here are five compelling reasons to consider opening a Money Market account:
Security: Funds in your Money Market account are insured by the NCUA for up to $250,000 and and an additional $250,000 through a private share insurance company. This means you can safely keep a substantial sum of money in your account without worrying about market crashes or poor investment choices. It’s a fantastic opportunity to save with confidence!
Accessibility of Funds: One of the most appealing aspects of Money Market accounts is the liquidity of your funds. Money Market accounts have no maturity date or term requirement, granting you easy access to your money without penalties. However, there are limits on the number of transactions you can make each month. Acclaim FCU Money Market account holders can make up to [6] withdrawals per statement cycle. This accessibility makes Money Market accounts ideal for those uncertain about when they’ll need to access their funds, whether it’s for large, occasional expenses like tuition, emergency household repairs, or unexpected medical bills. You can also use it as a stash of spontaneous spending money or keep your quarterly tax payments in the account to earn more dividends while waiting to pay.
High Interest Rates: Money Market accounts offer a rate of return that exceeds typical savings accounts. At Acclaim FCU, our APY for Money Market accounts can be as high as 5%APY* (accurate as of 9/1/23). This becomes especially beneficial in a rising interest rate environment, where rates are expected to climb. Give your money the opportunity to grow!
have questions or concerns about your account, our friendly team is here to assist you. Whether you prefer to visit us in person, reach out through social media, or contact us by phone at 336-332-5302, a member service representative will be ready to help.
Are you ready to start saving more effectively? Open a Money Market account at Acclaim FCU today!
*From 9/1/23-3/31/24 get 5%APY on your money marketing with balances over $100K. APY- Annual Percentage Yield. Promotional rate valid 9/1/23-3/31/24. Fees may be charged to the account which could reduce earnings. Rates accurate as of 9/1/23. 0.00%APY on balances $0.00-$2,499. 2.00%APY on balances $2,500 – $10,000. 2.25%APY on balances $10,001 – $25,000. 2.50%APY on balances $25,001 – $50,000. 2.75%APY on balances $50,001 – $99,999. 3.00%APY on balances $100,000 and above. Standard rates apply after 3/31/24.
We are delighted to inform you that our Ed Thomas Community Service Scholarship Fund will be open for applications from October 1st through February 1st.
This scholarship was established in tribute to Ed Thomas, a former Board Member who served in various capacities, including Chairman, during his tenure with us. Throughout his many years of exceptional volunteerism, he provided steadfast support and guidance, contributing significantly to the continuous growth and success of Acclaim.
In collaboration with the Carolinas Credit Union Foundation, Acclaim has streamlined the scholarship application process for our members, making it user-friendly and easy to manage. We have implemented a straightforward registration procedure that enables you to oversee your scholarship application through their dedicated portal.
Ingredients:
Directions:
Yield: 4 servings
Prep time: 20 min
Cook time: 1 hr
Pro tip: Spice it up with chopped green chilis or switch out the macaroni for your favorite pasta!
No one likes to be in debt. It’s a downward spiral that never seems to end, and it’s an expensive burden to carry, too. Unfortunately, scammers often exploit the feelings of helplessness and overwhelm to lure victims into their debt-collection scams. Let’s take a look at these scams and how to keep yourself from falling victim.
How the scams play out
In a debt-collection scam, a scammer posing as a debt collector will call a victim and demand payment for an outstanding debt. The caller insists on a specific means of payment, usually a wire transfer or prepaid debit card. The scammer will sometimes threaten to tell the victims’ family members about the debt if it’s not paid up immediately. The alleged debt may be completely fabricated, or an actual debt the victim has that the scammer has learned about through social engineering or by hacking the victim’s private accounts. In either scenario, though, the caller is not a debt collector and represents only themselves. Of course, any money the scammer collects will go directly into their own pocket.
Red flags
Here’s how to recognize a debt-collection scam:
Protect yourself
Debt-collection scams can be difficult to spot, but with the right knowledge, you can protect yourself. Follow these tips to stay safe.
Debt collection scams can make the nightmare of debt even worse. Use the tips here to stay safe!
CLOSINGS:
Address: P.O. Box 29527
Greensboro, NC 27429
Telephone: 336.332.5302
Toll-Free: 888.794.1001
Email: Admin@AcclaimFCU.org
Lost/Stolen Credit Card: 888.241.2510
Lost/Stolen Debit Card: 888.241.2510
Fax: 336.332.4103
To stay up to date on all the latest offerings, newsletters, and our blog, text ACCLAIM to 888-794-1001 to opt-in to our notices.
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CONTACT
1823 Banking Street
Greensboro, NC 27408
Monday – Thursday: Lobby & Drive Thru 8:30 AM – 4:30 PM
Friday Lobby & Drive Thru 8:30 AM – 5:00 PM
Toll-Free: (888) 794-1001 (Call or Text)
Local: (336) 332-5302
Fax: (336) 332-4103
For lost or stolen Credit Cards:
(800) 808-7230
For lost or stolen Debit Cards:
(888) 241-2510
Routing #: 253184692 | Find ATM | Disclosures | Privacy Policy | Terms of Use
Acclaim Federal Credit Union NMLS ID 421622
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