The Hidden Benefits: Why Credit Union Members Shouldn’t Let Their Accounts Go Inactive

In today’s fast-paced world, where financial transactions can be made with just a tap on a screen, it’s not uncommon for individuals to overlook their less frequently used accounts. However, allowing your Interior Federal account to go inactive might not be the best idea. In this blog, we’ll explore the hidden benefits of keeping your Interior Federal account active and why it’s in your best interest to do so.

Access to Exclusive Services and Rates:

Credit unions are known for offering more personalized services and competitive rates compared to traditional banks. At Interior Federal, we give back to our members in the form of competitive rates, low to no fees and exclusive member benefits. By keeping your account active, you maintain eligibility for these exclusive offerings, giving you the opportunity to secure better deals and financial advantages in the future. New Loyalty Rewards are coming to Interior Federal this fall! Members can earn discounts on loans and higher dividends just for completing everyday transactions with an Interior Federal account.

Building Stronger Relationships:

Credit unions are community-oriented financial institutions that emphasize building strong relationships with their members. By actively participating in the credit union and keeping your accounts active, you’re reinforcing your commitment to the institution. This engagement can lead to a more personalized banking experience and better customer service when seeking financial assistance.

Avoid Delays and Fees:

If you let your credit union account, go completely inactive and it gets closed, you might face hurdles when you decide to reopen an account. Keeping your account active ensures that you can access your funds and services without unnecessary delays. Interior Federal accounts are flagged inactive after there has been no transactions for at least 18 months. After this period Interior Federal accounts are accessed with a $5 monthly fee until the account reaches zero and is then closed by the system.

Unforeseen Emergencies:

Life is unpredictable, and financial emergencies can arise at any time. Maintaining an active account at a credit union can provide you with a safety net in times of need. If you’re faced with an unexpected expense or emergency, having access to an active credit union account could provide you with the financial support you require without delay. At Interior Federal, we offer products and services for our diverse membership. We are equipped to serve our members no matter the stage of life or circumstance, we offer Personal Lines of Credit for household emergencies, car loans for your young adult, and good certificate rates. We do all this while keeping our members top of mind, we save our members over $2,500 each year in discounts and competitive rates.

Now you know why you should keep your account active, so here’s how!

Keeping your account active is easy! All you need to do is use your account. You can do a transfer, deposit, withdrawal, or even simply call us at 800-914-8619 and let us know you want to keep the account active!

In conclusion, maintaining an active account not only provides a safety net for emergencies, but also comes with member benefits that can save you money! It’s easy!