CCFB News» March 2025

Founded in 1951 to serve the Illinois Farm Bureau and its affiliated organizations—including GROWMARK and COUNTRY Financial—IAA Credit Union (IAACU) has grown from supporting employees and their immediate families into a trusted financial partner for all Illinois Farm Bureau County Members. Headquartered in Bloomington, IL, and operating nationwide, the not-for-profit, member-owned cooperative remains dedicated to delivering exceptional value through competitive rates, low fees, and personalized service.

With nearly 75 years of service built on a foundation of trust, IAACU has continually evolved to meet the changing financial needs of its members. Today, in addition to a comprehensive suite of products ranging from auto loans and mortgages to online banking and business services, the credit union proudly offers innovative savings solutions designed to empower every member—from seasoned savers to those just beginning their financial journey.

Committed to equipping members with the tools and knowledge to achieve their financial goals, IAACU provides a variety of savings accounts tailored to both short-term needs and long-term plans, ensuring financial success at every stage of life.

Club Accounts: Saving for Seasonal Goals

Members looking to reserve funds for special occasions can choose between two Club Account options:

• Christmas Club: Contribute either a lump sum or make regular deposits to earn a competitive rate throughout the year. Funds are automatically transferred to your Primary Share Savings account on the first Friday in October, making holiday preparations stress-free.
• Vacation Club: Save for summer adventures with a similar structure, where contributions earn interest all year long and funds are transferred on the first Friday in April—ready to cover travel expenses, camps, and more.

Share Certificates (CDs): Secure, Fixed-Rate Growth

For savers who prefer a secure, fixed-rate option, IAACU offers Share Certificates with flexible terms from 6 to 60 months. With a minimum deposit of $1,000 and dividends compounded daily, these certificates are an ideal choice for steady, predictable growth. Youth members can take advantage of specially designed Youth CDs, available with a minimum deposit of just $500.

Money Market Accounts: Flexibility Meets Higher Returns

The Money Market Account provides higher interest rates than traditional savings accounts while still offering the flexibility of access when needed. With a starting deposit of $1,000, members can enjoy this enhanced rate option—and those receiving direct deposits into their Platinum Checking can benefit from the even more attractive Platinum Money Market option.

Premier Savings: High Returns with Unrestricted Access

For those who desire both profitable returns and the freedom to access funds, the Premier Savings account delivers competitive interest rates on balances up to $20,000. With unlimited withdrawals, no minimum balance requirement, and quarterly interest payments, this account truly offers the best of both worlds.

IRA: Planning Today for a Secure Tomorrow

Planning for retirement is made easy with IAACU’s Traditional and Roth IRA options. These accounts offer the flexibility to choose investments and contributions that align with long-term financial goals, ensuring a secure retirement future.

Youth Savings: Nurturing Financial Literacy Early

Recognizing the importance of early financial education, IAACU offers Youth Savings accounts for members ages 0-23. These accounts introduce young savers to the benefits of regular deposits and growing funds over time. In addition, IAACU has partnered with Greenlight, a leading financial education app and debit card designed for kids and teens. This collaboration empowers families to teach budgeting, saving, and responsible spending, ensuring that even the youngest members are prepared for a financially secure future.

A Commitment to Member Value and Security

IAACU’s unique structure and efficient operational model allow it to consistently rank in the top 7% of credit unions nationwide for the value returned to members, according to Callahan & Associates’ “Return of Member (ROM)” metric. The cooperative’s commitment to member security is also unwavering—with accounts insured up to $250,000 by the National Credit Union Administration (NCUA) and an additional $250,000 provided by Excess Share Insurance.

As IAACU continues to build on its nearly three-quarters-of-a-century legacy, its wide array of savings products reflects the credit union’s commitment to financial education and member empowerment. Whether saving for a holiday, planning a vacation, preparing for retirement, or teaching the next generation about smart money management, IAACU remains a steadfast partner on the journey to financial well-being.

For more information on IAACU’s savings solutions and other financial services, scan the QR code or visit their website at www.iaacu.org/join.