Redstone Federal Credit Union

Winter 2018 Newsletter

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r e d f c u.o r g | 9 A minimum balance of $2,000 is required to open the Money Market Share, and a minimum daily balance of $2,000 is required to earn dividends. No dividends will be earned for the length of time your daily balance falls below $2,000. The minimum balance for a Money Market tier must be maintained to earn the disclosed APY for that tier. The minimum balance required to open the regular Share Certificate is $1,000. You must maintain this minimum balance at all times to earn the annual percentage yields. A withdrawal could reduce earnings. Fees and other conditions could reduce earnings on the account. Various terms and t ypes of Share Certificates are available. Please contact the Credit Union for specifics. Have you attended a seminar hosted by Redstone Federal Credit Union? If not, there are even more opportunities in 2018 to hear from local experts in the fields of retirement planning, budgeting, healthcare, insurance, fraud prevention, home buying and so much more. is year, Redstone is offering more seminars and more times to attend. In addition to lunch and evening programs, there will be morning and afternoon sessions. You can also utilize online webinars for even more convenience. Check out the seminars page at redfcu.org/seminars. MORE SEMINARS, MORE TIMES BORROWING: Do you use credit responsibly? If you miss payments or max out your credit cards, it's time to fix your credit. Financial Fitness Tip: First, request your credit report at freecreditreport.com, and check it for any errors or fraudulent charges. en, start improving your credit by making on-time payments of at least the minimum amount due and by keeping your balance below 30% of your total credit limit. PLANNING: Do you save for retirement? e general retirement rule is to put away at least 10-15% of your annual income. Financial Fitness Tip: If you don't know where to start, a Roth IR A is a great option. is account allows you to deposit up to $5,500 (under age 50) or $6,500 (over age 50) per year.

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