This week, Athol Credit Union (ACU) announced the addition of a new rewards checking account – Umbrella Checking, which earns 2.25% APY on qualified balances up to $25k. Qualified balances over $25k earn 0.50% APY, with non-qualifying balances earning 0.10% APY.
- Have at least 12 debit card purchases
- Receive eStatements
- At least one direct deposit per statement cycle
The Umbrella Checking account has no monthly service fee, no minimum balance requirement, and can be opened with a minimum $100 deposit. If you open an Umbrella Checking account with non-ACC funds, you qualify to receive an actual umbrella.
Umbrellas are on a first-come, first-serve basis and are limited while supplies
last and are only available to accounts opened with funds from a non ACU account.
Headquartered in Athol, Massachusetts, Athol Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, or attend school in 71 named towns in the Massachusetts counties of Franklin, Hampshire, and Worcester eligible to join.
Credit Union Overview
Athol Credit Union has an overall health grade of "B" at DepositAccounts.com, with a Texas Ratio of 16.95% (above average) based on June 30, 2017 data. In the past year, ACU has increased its total non-brokered deposits by $2.82 million, an excellent annual growth rate of 5.3%. Please refer to our financial overview of Athol Credit Union (NCUA Charter # 66819) for more details.
Chartered in 1930, Athol Credit Union was “designated as a Community Development Financial Institution by the U.S. Treasury” in 2015, providing its members with better access to affordable home ownership, reliable transportation, and a variety of checking account products.
How the Umbrella Checking Compares
When compared to the 39 High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available within the FOM and have maximum qualifying balances of at least $25k, Athol Credit Union’s Umbrella Checking APY currently ranks second.
The above rates are accurate as of 10/26/2017.