Savings Account
All members open a savings account to join Hopewell Federal Credit Union. This account represents your partial ownership of the credit union.
Benefits of Hopewell Membership
Become a member by living, working, worshiping, or attending school in Licking, Franklin, or Delaware County. Opening balance is $25.00, must maintain this amount at all times. You can begin earning dividends when there is a balance of $50.00.
Hopewell Federal Credit Union offers its members great services to enhance your membership.
Hopewell Federal Credit Union Online Banking – Visit our Hopewell Online page for additional information
Online Bill Pay, available with Checking Accounts
Mobile Banking
MAGIC Phone Service - (888) 352-7485
Direct Deposit
Shared Branching – You will have access to more than 5,600 credit unions across the United States! Through our shared branching program, you can travel just about anywhere in the U.S. and take Hopewell with you!
Holiday Club Accounts
An account to help you save for your holidays. Set the money in a separate account and make it grow until you need it. This way, you can save throughout the year and be prepared for holiday expenses.
FUNDS RELEASE ON OCTOBER 15
Youth Accounts
HUGS
Hugs Children's Accounts - Designed for Ages 0 to 12
Your Hopewell Hugs account is a savings account for kids 12 and under
Each deposit earns you points toward fun rewards
Get a smart start and learn about the importance of saving
Horizon
Horizon - Accounts for teens aged 13 to 18
Educational Planning with 529 accounts through Webb Financial Group LLC
Checking account and debit cards available at age 13 with a Guardian
Follow us on Instagram @hopewellfcu for tips on saving and spending money
Individual Retirement Accounts (IRA)
Traditional IRA
Traditional IRAs offer tax-deferred earnings and the possibility for tax-deductible contributions.
Roth IRA
With a Roth IRA, you pay taxes now on your contributions, withdrawals may be tax-free when made after the age of 59 1/2.
Educational (Coverdell) IRA
Educational IRA may allow tax-free withdrawals, including earnings when used for educational expenses. These expenses include but are not limited to, K-12 tuition, undergraduate or graduate education, vocational school, uniforms, books, computers, room and board.
Money Market Accounts
No early withdrawal penalty
Interest rates are variable and can change frequently
Dividends are compounded and credited monthly
Minimum opening deposit is $2,000.00
Minimum balance to avoid fee is $1000.00
If the balance falls below $1000.00 any day of the month there is a $10.00 monthly service fee
Minimum withdrawal limit is $200.00 per withdrawal
Can access this account with checks. Limited to three (3) written checks per month
Not ATM/debit card accessible
Tiered Money Market Share Accounts
$0.00-$1,999.00
$2,000.00-$9,999.00
$10,000.00-$29,999.00
$30,000.00-$39,999.00
$40,000.00 AND UP
Click here for product rate information.
Share Certificates of Deposit
Certificates provide higher yields on funds as you invest your money for a set period of time. A certificate of deposit (CD) is where members agree to lend money to the institutions for a certain amount of time; in exchange, the consumer is paid a predetermined rate of interest
Additional Details
Members will incur a penalty if they withdraw or close the certificate of deposit (CD) before the maturity date. Penalty applies to all terms except 11-month no penalty certificate
The amount of the penalty is based on the term of the certificate of deposit (CD)
Penalty schedule is as follows
Terms of 12 months or less 90 days’ dividends
Terms of 13 to 48 months 180 days’ dividends
Terms longer than 48 months 360 days’ dividends
Minimum amount to open a certificate as low as $500
Certificate of Deposit (CD’s) Term, Minimum Opening Amount and Rate are subject to change
Savings Bonds
Members can redeem Savings Bonds at any branch location. For a fee, Non-Members can redeem Savings Bonds at any branch location. Savings Bonds can be purchased, redeemed, or managed at www.treasurydirect.gov.