Hometown Credit Union
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Our Services

Share savings
Share draft checking
IRA
Certificate of Deposit
Christmas Club
Visa Debit Cards
Agriculture Lending
Car & Equipment Guides
Travelers Checks
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When are you open?
All of our offices are open from 8:00 AM to 5:00 PM Monday thru Friday.
Our HCU Online web site and mobile banking app allows to check balances and transfer funds any time, 24/7.
All three locations have a 24/7 ATM.

When do you start your next business day?
Transactions conducted after 4:00 p.m. are processed the next business day. The cutoff time for some transactions, such as wire transfers is 2:30 p.m.

When does my debit card transactions post?
Your Hometown Credit Union VISA debit card transactions are real-time. Debit card transactions subtract from your share draft (checking) account's "Available" balance as soon as you swipe your card. The "Balance" and "Available" amounts shown in your on-line account will be different until the transaction posts (clears your account), which may be from 1-3 days. Your debit card will not work if you attempt a transaction that is greater than the available balance. As soon as you transfer funds in to your share draft account (either on-line, with the mobile app, or by calling a member service rep) your available balance will be credited.

Is there a service charge for IRA savings accounts?
No, there is no service charge to open or maintain an IRA account.

I forgot my Advantage PIN (personal identification number). Can you help?
Yes, please give us a call or stop by during business hours. You will need to provide positive identification.

What is a Credit Union?
A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations.The result: Credit unions are a safe harbor for consumer savings. Members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.

Savings at credit unions so far in 2008 have grown nearly 7%. In today’s economy, consumers are increasing their savings in response to concerns about their economic future. More people seeking to put their money in a stable source offering good rates are turning to credit unions. As not for profit cooperatives, credit unions typically offer higher savings rates than banks. Consumers saved $10.9 billion last year by using credit unions rather than banks. The savings come in the form of lower fees, higher savings rates and lower loan rates. That works out to about $126 per credit union member or $239 per household.

What is the minimum dollar amount that needs to be in my account?
Share draft - There is no minimum balance required and there is no monthly service charge for our share draft accounts. However, you will be accessed a transaction fee if we need to transfer funds from your share account to cover a share draft. To avoid a service charge, simply ask us to transfer funds before your account is overdrawn.

Are My Deposits Safe?
The shares in your credit union are insured by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA. The NCUSIF is backed by the full faith and credit of the United States government.Your share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC). Individual accounts are insured up to $250,000. Retirement and joint accounts may have higher coverage. Check out the links below for specific details.

NOTE: Share accounts in federally insured credit unions are insured up to the Standard Maximum Share Insurance Amount (SMSIA), $250,000 as of October 3, 2008. The section of Emergency Economic Stabilization Act of 2008 which increased the insurance coverage on all accounts up to $250,000 has now been made permanent.

Not one penny of insured savings has ever been lost by a member of a federally insured credit union. The federal insurance fund has several programs to help insured credit unions which may be experiencing problems. Liquidations or failures are a last resort. If a federally insured credit union does fail, however, the NCUSIF will make any necessary pay outs to the credit union’s members. 

As a member of an insured credit union, you do not pay directly for your share insurance protection. Your credit union pays into the NCUSIF a deposit, and an insurance assessment, based on the total amount of insured shares and deposits in the credit union. Insured credit unions are required to deposit and maintain one percent of their insured shares and deposits in the NCUSIF.

Credit unions as a whole are healthy, with strong balance sheets, and are well capitalized. Their overall capital-to-asset ratio stands at a very solid 11.1% (compared to 10% for banks). In dollars, that’s a capital cushion of $90 billion. Nation-wide, credit union mortgage delinquencies at the end of the first quarter of 2008 stood at only 0.7%. First mortgage charge-offs were a miniscule 0.06%. Across the board, credit union loan delinquencies are at a very low 1.0%.

For more information on share insurance, checkout the following information from NCUA:

NCUA Share Insurance Estimator

Increased Insurance For Retirement Accounts

 

What Is NCUA? NCUA
The National Credit Union Administration (NCUA) is the independent federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country. NCUA, backed of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF) insuring the savings of 80 million account holders in all federal credit unions and many state-chartered credit unions.

Other Questions?
Do you have a question that is not answer here? If so, simply drop us an email and we'll answer it for you. If it is a question that other members need to know we'll add it to this question page.

 

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  Locations & Hours
 

Kulm Office
17 South Main / PO Box 310
Kulm, ND 58456
647-2448 - 647-2449 FAX
1-877-304-0035
Monday-Friday 8:00-5:00
ATM - 24 hour depository

email us

Ashley Office
106 East Main / PO Box 230
Ashley, ND 58413
288-3439 - 288-3430 FAX
1-877-588-3439
Monday-Friday 8:00-5:00
ATM - 24 hour depository

email us

Hazelton Office
341 Main / PO Box 225
Hazelton, ND 58544
782-6841 - 782-6831 FAX
1-866-782-6841
Monday-Friday 8:00-5:00
ATM - 24 hour depository

email us

Lincolon Office
109 McDougal Drive
Lincoln, ND 58504
751-1613 - 751-3224 FAX
1-877-304-0035
Drive up M-F 7 AM-7 PM
Lobby: M-F 8AM-6PM

ATM 24 hour depository

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Accounts On-Line | Home | About Us | Loans | Rates | Fees | FAQs | Privacy | Resources > | Links | Site Map
page last updated July 28, 2017

NCUA
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency
Credit Union National Association
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