It offers various savings and deposit accounts where you can earn high rate of interest. If you satisfy its membership criteria then you should become its member and increase your wealth.

Money Market Accounts can earn you high interest as compared to the normal savings account. Explained below are the interest rates as offered on different balances:

- $5.00 – $1,499.00 earns you 1.00% dividend and 1.00% APY.
- $1,500 earns you 2.00% dividend and 2.02% APY.

Features:
@ The rates are declared quarterly and may change after opening an account.
@ The minimum deposit required is of $1,500.
@ Minimum daily balance of $1,500 is required to obtain the mentioned APY.
@ You get 24 hour online and telephine account access.
@ Dividends are compounded and credited on a monthly basis.
@ The above rates are accurate as of Nov. 12, 2008.
@ Fees could reduce the earnings.
@ There are penalties for early withdrawals. You can make up to 6 electronic withdrawals or transfers per month.
@ Your savings are federally insured up to $250,000 and backed by National Credit Union Administration (NCUA).

By meeting its member expectations and delivering the best of services it has made a history of successful 42 years. In spite of the disturbance in the financial market it is still focusing at maximizing member benefits, providing cost effective financial services, maintaining its financial soundness and promoting the principles of “Credit Union Movement”.

In all high spirits with all its resources it is trying to deliver “above the best” and make the year 2008 a memorable one for its members. For getting up to date information you may call AACFCU’s Investment Department at 1-800-448-4096.

You can experience it yourself by opening a Daily Money Market Account (DMMA). With a DMMA, you can earn a higher rate of return as compared to share accounts. Explained below are the dividends that you can earn:

- A balance of $2,500 – $9,999 earns 1.75% interest, 1.76% APY.
- A balance of $10,000 – $24,999 earns 1.75% interest, 1.76% APY.
- A balance of $25,000 – $49,999 earns 2.00% interest, 2.01% APY.
- A balance of $50,000 – $99,999 earns 2.00% interest, 2.01% APY.
- A balance of $100,000 and higher earns 2.25% interest, 2.26% APY.

Features of DMMA Account:
@ Account transfer limitations of up to three per month are applicable.
@ Interest is declared monthly.
@ Your savings are federally insured up to $250,000.
@ You get to earn higher rate of return than share accounts.
@ The above rates are noted as on November 12, 2008.

You may start earning now with a balance of $2,500. For any queries you may call at 888-817-2002 or 205-348-5944 or send an email to info AT AlabamaCU.com.

With its Money Manager account you can earn high rate of interest.
- By maintaining a daily balance of $2,500 – $9,999.99 you earn 1.292% interest, 1.300% APY.
- By maintaining a daily balance of $10,000 – $49,999.99 you earn 1.539% interest, 1.550% APY.
- By maintaining a daily balance of $50,000 + $99,999.99 you earn 1.785% interest, 1.800% APY.
- By maintaining a daily balance of $100,000 + you earn 2.031% interest, 2.050% APY.

*All the above rates are effective as of September 29, 2008 and are subject to change without notice.

You can also apply for opening an account by visiting one of its local branches. If you work or live in one of the counties of Alabama then you are eligible to become its member. It is serving over 800 companies, 30,000 individuals within Alabama and throughout the Southeast.

Your funds remain federally insured by NCUA. On October 3, 2008, “Emergency Economic Stabilization Act of 2008″ has been passed increasing the share insurance protection to $250,000 until December 31, 2009.

It also provides paperless statements to its members. All you have to do is visit their site and follow some simple steps to get your electronic bank statement ready.

For membership inquiries you may call at 205-591-2228 or 1-800-223-2415. Incase of any other queries you may send an email at mbrsvcs AT alabamacentral.org or call at (205) 591-SAVE or (800) 722-5524.