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Halliburton Employees FCU RCA Changes Effective 4/1/13

Wednesday, March 20, 2013 - 11:51 AMHalliburton Employees Credit Union - Details
Halliburton Employees FCU determines the dividend rates for its $mart Checking on a quarterly basis for the following quarter. 

Effective 4/1/13, the credit union is making the following changes:

a) cap change from $25k to $20K

b) rate changes:
  •   $0-$20k   3.01% rate (3.05%APY) from current 3.51% rate (3.55%APY)
  •   balances over $20k will pay 0.35%  from current 0.85% for balances over $25k
  •   non-qualifying accounts will continue to earn 0.05%
The 3.05%APY is expected to continue through 2Q 2013 (4/1/13 - 6/30/13). 
pearlbrownpearlbrown1,469 posts since
Nov 2, 2010
Rep Points: 6,378
1. Wednesday, March 20, 2013 - 2:20 PM
Thanks much, Pearl, for the quick update. 

I have not decided what to do yet; but most likely bailing out.  It was a good run while it lasted:-)
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
2. Wednesday, March 20, 2013 - 4:34 PM
Sorry to have been the bearer of bad news but it certainly was a good run while it lasted - great rate, great customer service.  In January I had made a note on my calendar to call in late March and ask if the rate for the next quarter had been determined.  This morning I learned that unfortunately (for accountholders) it had. 

The good news is that knowing the details ahead of time gives accountholders the chance to consider other options, even though the new cap and rate is still quite competitive. 

Not bailing out of the RCA party yet, but the funds at Halliburton are moving elsewhere on 4/1. 
pearlbrownpearlbrown1,469 posts since
Nov 2, 2010
Rep Points: 6,378