Our Money Market Plus Account has the same features as your typical bank's money market account, but with one big difference – you'll earn more money!

That's because the Credit Union is a not-for-profit financial institution. Instead of paying profits out to individual stockholders, the Credit Union returns those profits back to you in the form of higher dividend rates, lower loan rates and better service.

Best of all, your funds are federally insured up to $100,000 by the NCUSIF (National Credit Union Share Insurance Fund), an arm of the NCUA (National Credit Union Administration), a Federal Government agency. Additional coverage up to $100,000 is also provided at no charge to members by American Share Insurance (ASI), a private insurance company. This insurance coverage is especially important because not all money market account types (like some stock brokerage money market fund accounts) have federally backed or private deposit insurance coverage.

The minimum opening balance is just $1,000. Once your account balance reaches the next tier level, your entire balance will earn yields at the next dividend rate. The tiers are:

Accessing your funds. There are several ways to access funds from your Money Market Plus Account. No matter which method you use, the minimum amount per withdrawal is $250.

a. In person: If you access your funds in person, the number of cash withdrawals, transfers or corporate checks made payable to third parties are unlimited.

b. Writing a check: You can write up to a maximum of 3 checks per month.

c. PC-TIED, phone or mail: Accessing your funds through PC-TIED (our Free Internet Banking Service), by phone or mail, gives you a maximum of six (6) withdrawals/transfers per month. The maximum number of transactions allowed also includes any withdrawals made by writing checks.

For example, suppose you wrote three (3) checks on your Money Market Plus account this month – this would leave you a maximum three (3) additional transactions that can be done via phone, mail or PC-TIED.

d. Exceptions to the six (6) transaction
   maximum.

1. Loan Payments. The number of loan payment transfers made from your Money Market Plus Account to any FIGFCU loan are unlimited. Loan payments regardless of the type of access (whether it is done via phone, PC-TIED, in person, by mail, etc.) does not count towards the six (6) maximum number of transactions you are limited to each month.
   
   
2. Check requests made payable to you. The number of check withdrawal requests made through PC-TIED, in person, by phone or mail are unlimited – as long as checks are made payable to you. Checks written to yourself are not considered check requests. Manually written checks made payable to you will be subject to the maximum limit of three (3) checks written per month.
   
   

To view our most current Money Market Plus Account rates, please click here.