Thank you to Angela Adam at the IMKCFCU for her efficient, awesome service! In the last two days, we bought a truck and sold our car and the total time it took us at the credit union for both transactions was about 15 minutes. She goes above and beyond her duties and is so great at what she does. Thank you, Angela and IMKCFCU, for making banking easy and convenient! -Tara Povich
A $5.00 minimum deposit into a regular savings account is a member’s share in the credit union. This represents your ownership in Iron Mountain-Kingsford Community Federal Credit Union and opens the door to a variety of products and services. Dividends are compounded and credited quarterly on an average daily balance.
What is Regulation D (Reg D)?
Reg D is a federal regulation that limits the number and type of withdrawals without a signature from savings accounts to six (6) per month. The Federal Reserve requires financial institutions to treat Savings accounts differently than checking accounts because Savings accounts are intended to be established for long term savings with few withdrawals.
Click the link below to see more information on Reg D and how it may affect you
Regulation D FAQ Handout