I have been doing business with the IMKCFCU my entire life and Jessica has had an account for around 20 years. We have always received excellent service whether it be for a loan, a money transfer, or just cashing a paycheck. The entire staff is great! Last year, we started a nonprofit youth mentoring program called HardCore Scripture Outdoors. We teach kids how to hunt, fish, and trap. We also teach them about conservation and help them become productive members of society. We had lots of questions about setting up a nonprofit account, so we set up a meeting with Robin Strauss and she was incredible. She walked us through the process start to finish, answered all of our questions, and gave us the information we needed to get started. We know with sponsorships and donations for the community, the children we serve will be better for our efforts. Thank you, IMKCFCU! Keep up the good work!
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