KRD Benefits and Services


	Benefits and Services Benefits
What Are The Shares? Your savings in the credit union are called “shares”. Here’s why: The credit union is a legal corporation and you are one of it’s owners. The money you put into it is not only saved but also invested. Each share unit has a value of $5.00. How Do You Open A “Share” Account? It’s easy! To open a K.R.D FCU Share Account, simply make a minimum deposit of $5.00. Then, within one year, increase your balance to $50.00, and maintain that level. What Are Dividends? A “dividend” is the return paid on your shares. Since the credit union is nonprofit, the earnings are divided up and paid back to members in the form of dividends on shares. These are usually better-than-average returns. What Is Thrift? “Thrift” not only means saving money but spending wisely. By borrowing money you can save by consolidating debts or paying cash. Your credit union can help you utilize the most thrifty way to handle any money problems out of your own resources. What About Borrowing? Credit Union loans are personal loans, the kind everybody needs occasionally. You can borrow to pay debts, taxes, medical expenses, or insurance premiums. You can finance autos, vacations, home equipment, motor homes, boats, motorcycles, a funeral, college education, etc.	Are your funds safe? Absolutely! Each account is insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. Federal Government. Your credit union is chartered, supervised, and regulated by the federal government as a non-profit corporation. Our insurance fund is currently stronger that the FDIC, which insures our nation’s banks. Government examiners inspect the credit union annually. Our own Supervisory Committee makes constant checks on the credit union. And we have demonstrated an outstanding record of safety. What Happens To The Money? The members borrow it. Almost all the money is promptly invested in loans to members, an investment so safe and dependable that other institutions are trying to win away the business. Surplus money is invested to earn money for our credit union in institutions appropriately insured to cover our funds. What Is Our “Bond”? A surety bond is a kind of insurance required by law for credit unions. The bond insures money and records against loss due to dishonesty, robbery, and other operating hazards. Your credit union has the most comprehensive bond available, covering $1,000,000 worth of the credit union assets. What are reserves? Your credit union is also required by law to have reserves. Reserve funds are held to protect the members against loss from uncollected loans or the chance that someday the credit union would disband.
Services
Certificate Accounts Regular Share Savings Accounts Christmas Club Savings Accounts Checking Accounts Debit Cards Full Share Guaranteed Loans New & Used Auto Loans New & Used RV Loans Home Mortgages	Consolidation Loans Personal Loans Home Improvement Loans Home Equity Loans Payroll Deduction Program Direct Deposit TravelMoney Gift Cards Free Cashiers Checks Free Notary Public

Benefits and Services

Benefits

What Are The Shares?

Your savings in the credit union are called “shares”.
Here’s why: The credit union is a legal corporation and you are one of it’s owners. The money you put into it is not only saved but also invested. Each share unit has a value of $5.00.

How Do You Open A “Share” Account?

It’s easy! To open a K.R.D FCU Share Account, simply make a minimum deposit of $5.00. Then, within one year, increase your balance to $50.00, and maintain that level.

What Are Dividends?

A “dividend” is the return paid on your shares. Since the credit union is nonprofit, the earnings are divided up and paid back to members in the form of dividends on shares. These are usually better-than-average returns.

What Is Thrift?

“Thrift” not only means saving money but spending wisely. By borrowing money you can save by consolidating debts or paying cash. Your credit union can help you utilize the most thrifty way to handle any money problems out of your own resources.

What About Borrowing?

Credit Union loans are personal loans, the kind everybody needs occasionally. You can borrow to pay debts, taxes, medical expenses, or insurance premiums. You can finance autos, vacations, home equipment, motor homes, boats, motorcycles, a funeral, college education, etc.

Are your funds safe?

Absolutely!

Each account is insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. Federal Government. Your credit union is chartered, supervised, and regulated by the federal government as a non-profit corporation. Our insurance fund is currently stronger that the FDIC, which insures our nation’s banks. Government examiners inspect the credit union annually. Our own Supervisory Committee makes constant checks on the credit union. And we have demonstrated an outstanding record of safety.

What Happens To The Money?

The members borrow it. Almost all the money is promptly invested in loans to members, an investment so safe and dependable that other institutions are trying to win away the business. Surplus money is invested to earn money for our credit union in institutions appropriately insured to cover our funds.

What Is Our “Bond”?

A surety bond is a kind of insurance required by law for credit unions. The bond insures money and records against loss due to dishonesty, robbery, and other operating hazards. Your credit union has the most comprehensive bond available, covering $1,000,000 worth of the credit union assets.

What are reserves?

Your credit union is also required by law to have reserves. Reserve funds are held to protect the members against loss from uncollected loans or the chance that someday the credit union would disband.

Services

Certificate Accounts
Regular Share Savings Accounts
Christmas Club Savings Accounts
Checking Accounts
Debit Cards
Full Share Guaranteed Loans
New & Used Auto Loans
New & Used RV Loans
Home Mortgages

Consolidation Loans
Personal Loans
Home Improvement Loans
Home Equity Loans
Payroll Deduction Program
Direct Deposit
TravelMoney Gift Cards
Free Cashiers Checks
Free Notary Public