Finally, a checking account that pays YOU!
We offer great checking account options with no hidden charges, no monthly service fees, no per-check fees, free VISA® Debit Card, and overdraft protection. To open a checking account with HFCU, visit us at your nearest branch location, or fill out the “Get Started” form below.
Our simplified checking structure makes it easy to understand how much money you’ll get back in the form of dividends.
Accelerator Tier 1
Good Standing and basic requirements including E-statements, one direct deposit every calendar month, and 3 or more online bill payments each calendar month PLUS
25 PIN or signature-based debit card transactions each calendar month OR
Average daily loan balance of $10,000+
STANDARD APY: If the requirements are not met for at least Accelerator Tier 1 in any given month, then the standard APY will apply.
Accelerator Tier 2
Good Standing and basic requirements including E-statements, one direct deposit every calendar month, and 3 or more online bill payments each calendar month PLUS
25 PIN or signature-based debit card transactions each calendar month AND
Average daily loan balance of $10,000+
STANDARD APY: If the requirements are not met for at least Accelerator Tier 1 in any given month, then the standard APY will apply.
Accelerator Tier 3
Good Standing and basic requirements including E-statements, one direct deposit every calendar month, and 3 or more online bill payments each calendar month PLUS
Average daily Accelerator account balance of $5,000+ AND
25 PIN or signature-based debit card transactions each calendar month or average daily loan balance of $10,000+
STANDARD APY: If the requirements are not met for at least Accelerator Tier 1 in any given month, then the standard APY will apply.
Accelerator Tier 4
Good Standing and basic requirements including E-statements, one direct deposit every calendar month, and 3 or more online bill payments each calendar month PLUS
Average daily Accelerator account balance of $5,000+ AND
25 PIN or signature-based debit card transactions each calendar month AND average daily loan balance of $10,000+
STANDARD APY: If the requirements are not met for at least Accelerator Tier 1 in any given month, then the standard APY will apply.
| Account Type | Dividend Rate (APY1) | Balance Requirements2 | Dividend Crediting & Compound Method | Conditions3 |
|---|---|---|---|---|
| Basic | 0.00% | $0 | Monthly | |
| Gold | 0.08% 0.10% | up to $19,999.99 $20,000.00 - $99,999.99 | Monthly Monthly | • Receive e-Statements • 1 Direct Deposit per Month • 10 Debit Card Transactions (or) have an average daily loan balance of at least $10K. |
| Platinum | 0.20% 0.25% 0.30% | $100k - $149,999.99 $150K - $249,999.99 $250K+ | Monthly Monthly Monthly |
Checking Accounts Disclosures
1Any Annual Percentage Yield (APY) provided in this disclosure assumes dividends will remain on deposit for at least one year for accounts with terms. Rates are effective as of 4/1/2023 and are subject to change at any time without notice. You may contact the Credit Union at (845) 561-5607 for current rate information. Fees, withdrawals, or other conditions could reduce earnings on any account. Rates may chance after account opening. Rates are determined at the discretion of the Board of Directors of the Credit Union. Dividends are paid from current income and available earnings. All accounts are subject to the applicable terms and conditions set forth in the Membership Agreement & Disclosures, the Fee Schedule, and any agreement to which the Truth in Savings Disclosure and Membership Agreement references.
2Average daily balance per checking share. Mininum to open account is $0.00.
3All accounts must be in good standing in order to receive the stated Dividend Rate. Good standing means you have on deposit at least the par value of one full share in the regular share savings account, have no delinquent loans (payment is not more than 30 days late), and have a positive balance in all share accounts. Use of electronic services, minimum balance, and loan balances are required to earn reward APYs. If you do not qualify for a reward APY (minimum Reward, Basic), you will earn the basic reward default APY.
Need checks?
If you’re a member, you can order checks easily by logging in to online banking. Shop for check designs, customize your checks, and expedite your shipping, if necessary. You can also explore check designs and place orders at our partner Harland Clarke.
If you’d like additional assistance, feel free to call us at 845-561-5607.
Checking FAQ
To open a checking account with HFCU, visit us at your nearest branch location, or get started with one of our jumpstart forms.
HFCU offers a variety of checking accounts to best fit your needs. Please refer to the checking accounts table for more information.
The Annual Percentage Yield on a checking account varies depending on the level of the account, please refer to the checking accounts table for more information.
The minimum balance to earn APY depends on the type of checking account. Please refer to the checking accounts table for more information.
There is no minimum amount of money needed to open a checking account. However, you are required to have a savings account with a minimum $0.01 balance. Please refer to the checking accounts table for more information.
To view our most recent dividend rates, please refer to the checking accounts table for more information.
The dividend crediting for a checking account is monthly. Please refer to the checking accounts table for more information.
The compounding method for a checking account is monthly. Please refer to the checking accounts table for more information.
The interest rate for a checking account is variable. Please refer to the checking accounts table for more information.
Click here to view our disclosure.