Don't Tax My CU - Hopesouth Credit Union

A threat to our credit union

There’s an issue on Capitol Hill that could aﬀect the financial services you depend on us to provide. It’s imperative that we keep you informed about potential threats to your credit union and our ability to provide you with the best possible financial services.

As not-for-profit financial cooperatives, credit unions like HopeSouth Credit Union do not pay the federal corporate income tax on profits. Our people-first, member-owned structure means we instead return those earnings to members like you in a variety of ways, including more aﬀordable loans and better returns on savings.

But there are Wall Street bank lobbyists and politicians in Congress who want to tax credit unions, which really means a new tax on you and the more than 140 million other Americans who choose a credit union as their financial partner.

By putting a new tax on not-for-profit credit unions, the big Wall Street banks know they can eliminate competition and increase bank profits. But it doesn’t make sense to tax people like you just because you choose to keep your money in a credit union instead of a bank.

This is an urgent matter and we need your help. Please act today to contact your U.S. Representative and Senators and tell them Don’t Tax My Credit Union through our easy-to-use Action Center. We sincerely appreciate you being a member of HopeSouth Credit Union.

Help us protect your credit union, and the millions of families across the country who rely on their credit unions, too. Your voice is important. Nothing is more powerful to elected oﬃcials than when they hear from constituents like you.

Sign-up

Visit the branch, email [email protected], or call us at (864) 366-9602. We look forward to hearing from you!

Round-up

Use your HopeSouth debit card for everyday purchases, just like any other card. Every purchase will automatically be rounded to the next dollar – no extra work needed.

Save-UP

All the round-ups from each day’s activity is transferred directly to the savings account you chose. Watch as your savings grow before your eyes.

Ready to grow your savings?

Select a savings account to receive your Round-Ups.

Comparison Chart

Checking Account Type		Abbeville First Bank	Abbeville Community FCU	South State Bank	First Citizens Bank
Free/Basic Checking	$100 minimum deposit to open, no minimum daily balance, remote deposit capture, no fees, and 1 box of free checks.	$25 minimum to open, no minimum daily balance	No minimum balance, no fees, interest paid on balance of $500 or more	No minimum balance, no monthly fee ($5) if enrolled in eStatements, no interest	$50 minimum deposit. Avoid the $8 monthly fee if enrolled in e-statements
Greater Advantage	$200 minimum opening balance & has remote deposit capture	Minimum $50 deposit to open and $5 monthly service fee	X	$25 to open, $3,500 minimum daily balance, $15 fee if monthly requirements not met, earns interest, free checks	$100 minimum deposit. Avoid the $50 monthly service fee with average monthly deposit of $100,000 or more
Student Checking	$100 minimum deposit to open, remote deposit capture, no minimum, no fees, and pays no interest.	X	X	$3 monthly fee if not enrolled in eStatements, no interest	X
Money Market	Minimum of $1,500 to open, 1% APY* up to $15,000, no fees, 1 box of free checks, remote deposit capture, 10 debit card transactions per month and direct deposit to qualify for 1% APY.	7 free withdrawals per month, $100 daily minimum balance to avoid the $5 monthly service charge, maintain $10,000 daily balance to earn interest	X	$50 to open account, earns interest, $5,000 minimum daily balance, $15 monthly fee if minimum is not met, 6 checks/withdrawals a month, $10 excess activity fee for greater than 6 withdrawals	X
Fresh Start	$100 minimum deposit to open. The Fresh Start account is for those who are serious about seeking a better financial future. This account does have a monthly maintenance fee.	X	X	X	X

Interested? Get Started!

Sign-up

Enroll your HopeSouth Debit Card in our Round-Up Savings Program and choose where to send your change: Basic Savings, Christmas Club Savings, or Vacation Club Savings.

Round-up

Use your HopeSouth debit card for everyday purchases, just like any other card. Every purchase will automatically be rounded to the next dollar – no extra work needed.

Save

All the round-ups from each day’s activity is transferred directly to the savings account you chose. Watch as your savings grow before your eyes.

*HopeSouth Credit Union Round-Up Savings Program requires a qualifying checking account with Visa® debit card. Actual savings will vary based on debit card use. Each rounded amount will be between $0.01 and $1.00. Transfers will be completed at the time of the transaction. The credit union reserves the right to cancel or modify the Round-Up Savings Program at any time. See credit union for details. Federally insured by NCUA.

Think of how many times you use your debit card a week. With Round-Up Savings, each time you gas up your car, shop for groceries, pick-up dinner, and order something online, you’ll be putting away extra cash.

Rounding-Up just $5 in a week can mean saving-up $260 in a year – without a second thought.

Getting started is easy. Visit the branch or contact us directly using the button below.

Don’t Tax My CU

A threat to our credit union

Sign-up

Round-up

Save-UP

Ready to grow your savings?

Contact Us Today! Fill out the form below.

Sign-up

Round-up

Save

Contact Us

Business Hours

Other Important Info

You are now leaving Hopesouth Credit Union