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Every member at Redbrand Credit Union is required to have a minimum $25 balance in their Primary Share Account. This is your share, and makes you a partial owner of the Credit Union. Having a share translates to more control. You have a vote at the annual meeting and are encouraged to share your ideas with the staff, management, and directors.Your Redbrand Credit Union Primary Share Account offers competitive rates. This account is also the key to attaining all other Credit Union services.Once you have established your primary share account, you are eligible to apply for any other Credit Union service.
Your Redbrand Credit Union Share Draft Account operates just like a conventional checking account at a bank. There are subtle differences, however. One you may notice is that we only order duplicate checks for our members. Furthermore, you will notice that our fee structure tends to be very lenient, allowing you to get the most out of your money.One of the perks of your Share Draft Account is that Redbrand Credit Union does not require a minimum balance in your Share Draft Account and we do not charge maintenance or check writing fees. This is one the most economical checking accounts you will find anywhere. Team that up with our high standard of member service, and you most definately consider yourself a winner.
We make saving money for special expenses easy. You can create an unlimited number of "subaccounts," each of which can be used for a different purpose. Common accounts include: property tax, education expenses, and emergency expenses. You can be creative though, use these accounts for anything!
Take advantage of a Redbrand Credit Union IMMA Money Market Account and receive both good return on your investment and convenient access to your funds. With just a $2,500 minimum balance you'll be able to withdraw up to three times in one month. Another perk of owning an IMMA Account is that dividends are paid monthly.
These convenient savings plans make it easy to set aside extra money for holiday or vacation expenses. You can make unlimited deposits at any time or even have payroll deduction or automatic transfer go straight into your club account.
- Christmas Club accounts pay a dividend and automatically transfer to your Primary Share Account on October 1.
- Vacation Club accounts pay a dividend and automatically transfer to your Primary Share Account on May 1.
- Safari Saver accounts are especially for kids. With just a minimum balance of $5, we'll help your children learn financial responsibility with a quarterly newsletter and a prize every time they make a deposit.
Redbrand Credit Union has a variety of fixed-rate certificates ranging from six months to four years, each paying competitive dividend rates. Certificates automatically renew at the end of each term, with a ten day grace period to withdraw or make changes.
To ensure flexibility in meeting your retirement investment needs, Redbrand Credit Union offers three types of Individual Retirement Accounts: Traditional, Roth, and Coverdell (also known as Education).While your contributions may be tax deductable, it's important to check with your tax advisor before participating in any of these IRA plans.
When you need to borrow money, a personal loan offers an easy option to get cash without collateral-just your good name. From vacations to bill consolidation to home improvement and more, a Personal Loan is a great way to use the good credit you have established. Up to five-year installment loans or single-pay notes are available.
Redbrand Credit Union offers competitive rates and terms for the financing of new and used cars, trucks, recreational vehicles; any collateral secured by title. Click here to check out our current rates. Redbrand also offers Indirect Lending at several car dealerships in Central Illinois-all the paperwork and approvals can be handled right at the dealership, without stepping foot in any of our offices.
Using the value you have built up in your home is a popular way to access extra cash when you need it. You may be eligible to borrow up to 90% of the equity in your home. We offer both fixed-rate loans and adjustable home equity lines of credit. You may even be able to claim the interest on your income tax (consult a tax advisor or details).If you have 40% equity in your home, ask about our special equity loan. The Redbrand Credit Union Special Equity Loan offers a great interest rate!
Redbrand Credit Union offers a competitive, fixed-rate VISA Credit Card with no annual fee. Accepted globally, the Redbrand VISA is perfect for shopping, travel, or emergencies. Our VISA features no cash advance or annual fees, a 25-day grace period on purchases and a fixed, competitive 12.9% annual percentage rate.
We offer ATM cards for quick, easy access to your cash. You will enjoy up to 12 free withdrawals per month and no surcharge at our three Redbrand owned machines. The Pekin and Peoria machines are located on the outside of each building and the Bartonville location is a drive thru terminal on the corner of Rt. 24 and Collier.
Enjoy the same benefits of the ATM card plus the ability to use your VISA Check Card anywhere VISA Debit Cards are accepted. This includes millions of locations worldwide. Using this helps avoid excessive withdrawal fees as signature transactions do not count against your twelve free per month.
Redbrand Credit Union Home Banking gives you access to your accounts 24 hours a day on the web. You can safely:
- View and print account transactions
- Transfer funds between accounts
- Transfer loan payments
- Request check withdrawals by mail
- Contact us via E-mail
- E-Statements
Redbrand Audio Response Teller (ART) offers convenient access to your accounts from any touch-tone phone. With our secure ART system you are able to:
- Make account transfers
- Make loan payments
- Check balances
- Get account histories
- Get cleared checks
- Get loan calculations
Redbrand Credit Union can accept Automated Clearing House transactions for both your Primary Share and Share Draft Accounts. This means businesses wishing to process over the federal electronic network are able to do so to and from Redbrand Credit Union. You will most appreciate this service in the form of Direct Deposit, in which participating employees send your paycheck directly to your accounts. You won't have to stand in line or worry about lost checks. The service is free and easy.
Our payroll deduction service makes saving money and making loan payments easy. Payroll deduction allows Redbrand members to deduct any specified amount from their paychecks for deposit to any type of savings or checking accounts-deductions can even be applied to your loans, not only making it incredibly easy to make your loan payments, but reducing the amount of interest you pay throughout the term of the loan. It's a great way to establish a "no excuses" savings plan and/or make loan payments automatically.
Redbrand Credit Union members are able to have funds both wired to and from their accounts. This type of transaction is very secure as it goes directly from one financial institution to another.
- Travelers Checks
- Money Orders
- License Stickers
- Free Notary Public Service
- Savings Bond Purchase and Redemption
- Credit Life and Disability Insurance
- Western Union Transfers
