Share Savings Account
Establish your membership with Hartford Federal Credit Union by depositing and maintaining a $50 balance in a share savings account. Share Savings account balances over $100 will earn dividends that are compounded and paid quarterly.
Enjoy convenient access to your funds 24 hours-a-day, seven days-a-week, with an HFCU ATM card. Our ATM card allows you to access up to $500 daily from your savings or checking accounts. In addition, you may transfer funds, check balances and use the card for point-of-sale transactions at select merchants.
Holiday Club Account
Save all year for your holiday purchases. No minimum balance requirement to open and you can open the account any time throughout the year. Deposits can be made throughout the year or with the ease of direct deposit. Funds will be available for withdrawal in late October. Dividends are compounded and paid quarterly. A $10 fee for early withdrawal may apply.
Vacation Club Account
Save for vacations and other special occasions with our Vacation Club Account. No minimum balance requirement to open and you can open any time throughout the year. Deposits can be made throughout the year or with the ease of direct deposit. Dividends are compounded and paid quarterly. Members can make up to four withdrawals per year penalty free.
Gold One Money Market Account
With a minimum balance of $2,500, you can enjoy the highest yielding transaction account offered at Hartford Federal. This tiered interest rate account rewards members for good saving habits, without the burden of restrictions. Deposits may be made at any time through Payroll Deduction, in person, or by mail. In addition, there are no penalties for withdrawals. Dividends are compounded and paid monthly.
Diversify your savings portfolio by opening a Share Certificate with HFCU. You'll receive great rates with a variety of terms ranging from 90 days to five years. The minimum deposit is $1,000. Dividends are compounded and paid monthly. Penalties for early withdrawal may be incurred.
IRA’s (Individual Retirement Accounts)
It's never too early to plan for your retirement. Making regular deposits to your IRA through payroll deduction is convenient and can help ensure your accustomed lifestyle after retirement. Choose from our Traditional, Roth, or Educational IRA programs. Each IRA program offers different features in regard to tax deductions, tax deferred earnings, deposit amounts, income levels, and draw periods. IRA rollovers are welcome.
Contribute up to $5,000 per year in 2012 and $5,500 in 2013. For owners age 50 and older your limits are $6,000 per year in 2012 and $6,500 in 2013. Tax deductibility depends on your income and participation in a pension plan. Earnings are tax deferred until withdrawn. Withdrawals without penalty generally cannot be made until age 59 ½.
Allows contributions after age 70 ½, with an annual maximum contribution of $5,000 for 2012 and $5,500 for 2013 with limitations based on income. For owners age 50 and older your contribution limit is $6,000 in 2012 and increases to $6,500 for 2013. Contributions are not tax deductible, withdrawals of contributions are tax-free, and if you satisfy the requirements, qualified distributions are tax-free as well. Withdrawals without penalty generally cannot be made until age 59 ½.
Non-deductible IRA that may provide tax-deferred earnings. Maximum contribution of $2,000 each year per child under the age of 18, with limitations based on income. Contributions held for a minimum of five years can be withdrawn for "qualified education expenses."
Please consult your tax advisor to determine if contributions are tax deductible, and for other limitations associated with IRAs
Member deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA) a U.S. government agency. This insurance applies to the total funds you have in your share savings, share draft and certificate of deposit accounts. In addition, retirement accounts are covered separately up to $250,000.