Your membership with Alabama Telco starts here. By maintaining a $5 minimum balance in an active* savings account, you are part-owner of the credit union and eligible to apply for our available products and services.
Opening a savings account is also the first step to financial freedom. Start putting a little extra cash in your savings account each month and watch your money grow. The more it grows, the more you can do with it! Move some into bigger investments like a Certificate of Deposit (CD) or a Money Market account and expand your portfolio. Use it to splurge a little on something you've always wanted like a new car, a trip to Hawaii or something as simple as a brand new pair of shoes. Or, like the saying goes, save it for a rainy day. You never know when you may need it!
Dividends are calculated by monthly average daily balance methods of $100 or more and are paid and compounded quarterly.
*Share accounts with a minimum balance of $100 or share accounts with a $5 balance and additional Telco products are considered "active" and are not subject to minimum balance or dormant account fees. These fees do not apply to members less than 19 years of age.