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Interior Federal Financial Focus

Amplify your Savings

Building a diverse savings strategy is key to achieving your savings goals and an effective way to manage your finances. By spreading your savings across multiple accounts, you can tailor your approach to different financial goals and get the most out of your funds. Whether you’re saving for a dream vacation, setting up an emergency fund, or planning for a big life event, having a well-rounded plan ensures each goal gets the attention it needs. This not only helps you stay organized, but also allows you to tailor your savings strategies to specific financial objectives and makes budgeting easier. Consider the following accounts when diversifying savings: 

  1. Traditional Savings
  2. Certificates
  3. Money Market Accounts
  4. Club Accounts

Don’t hesitate to explore the various types of savings accounts available and take advantage of these options to customize your savings plan, stay organized, and ultimately, turn your financial dreams into reality. 

 
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Interior Federal offers 3 forms of overdraft protection. 

  1. Automatic transfer from primary savings account. This is established the moment your checking account is opened.
  2. A Personal Line of Credit (PLOC). Use your PLOC to cover overdrafts when performing transactions from your checking account. There is no fee, but you will accrue interest on the portion used to cover the overdraft.
  3. Overdraft Privilege (ODP). The Credit Union will pay eligible overdrafts up to $500, and you will be responsible to pay back the overdraft dollar amount plus the $28 fee. This privilege may be revoked at any time, and your account must be in good standing.  For more information, please read our blog and Overdraft Privilege Disclosure for full details. 

There have been reports of a scam where members have received texts and calls from fraudsters impersonating the credit union. The fraudster may call using our name in their caller ID and ask you for sensitive information such as your credentials, card PIN, CVV, or full card number.

This is a scam designed by fraudsters to convince you to share your most sensitive account information. Be assured, Interior Federal will never ask you to provide your log-in credentials, card PIN, CVV, or full card number. Do not respond to these texts or calls. Instead, hang up and call us directly at 800-914-8619 as soon as possible.

This kind of fraud is widespread, and it is essential to know how to stay safe. Click below to read an article about combatting similar fraud situations. 

Stay Safe

Discover the convenience and flexibility of managing your Interior Federal loan payments in digital banking. Whether you prefer the convenience of using your Visa® or MasterCard® debit card or the simplicity of setting up external transfers, we’ve got you covered.

External Loan Payment

Use any Visa® or MasterCard® debit card to make an immediate External Loan Payment to your Interior Federal loan. This method is available for one-time payments only and includes a $10 fee due to interchange fees to process through Visa® or MasterCard®.

External Transfer

Another convenient option for loan payment is making use of External Transfers. This method allows you to set up a one-time or recurring transfer from an external account to your Interior Federal deposit account, followed by an internal transfer to your loan account. This method is free and offers the option of Standard (3-business days) and Premium (next-business day) delivery.  There is a $5 fee for the Premium delivery option.

Learn more about Loan Payment options in our blog.

 

Mobile Loan Payments
  • Interior Federal is hosting a webinar, tomorrow, at 1:00 pm EST. Register for The Keys to Homebuying and get a clearer understanding of the home buying process.
  • Interior Federal will be closed on Wednesday, June 19th, in observance of Juneteenth. Please remember that 99% of your transactions can be completed through Digital Banking.

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