Associate members of Nonghyup, if you don’t know, you lose! 5 things you need to know
1. What is a Nonghyup Associate Member? 농협 준조합원
Nonghyup Associate Members are a system designed to allow non-farmers to use various financial services of Nonghyup. Unlike Nonghyup members, you do not have to farm to join, and any individual, corporation, or organization that lives or operates a business within the Nonghyup business area can apply.
2. Benefits of joining Nonghyup Associate Membership 이베이스매뉴얼
2.1. high interest rates
Nonghyup associate member deposits
have a higher interest rate than general deposits. As of December 2023, the basic interest rate for the Nonghyup Semi-Union Member Preferred Account is 1.35%, while the basic interest rate for general deposits is 0.25%.
Nonghyup offers a variety of deposit products, and associate members of Nonghyup can receive the same interest rate benefits as members.
2.2. tax benefits
Until 2023, interest income from Nonghyup associate members’ deposits of up to 30 million won was exempt from taxation, but from 2024, up to 12 million won of interest income from Nonghyup associate members’ deposits will be exempted from taxation, and anything above that will be taxed.
For general deposits, the tax base for interest income is the same as for Nonghyup associate member deposits.
2.3. Use of various financial services
You can use various services of Nonghyup, including Nonghyup Card, Nonghyup Life Insurance, and Nonghyup Hanaro Mart.
2.4. Other benefits
Various benefits, including discounts on Nonghyup Cultural Center and discounts on Nonghyup travel products
3. Conditions for joining Nonghyup Associate Membership
Age 14 or older
Residence or business operation within the Nonghyup business area
4. How to join Nonghyup Associate Membership
Visit your nearest Nonghyup branch
Submit ID and address verification documents
Subscription fee: 10,000 won (refundable upon withdrawal)
5. Things to consider when signing up for Nonghyup Associate Membership
You must live or operate a business within the Nonghyup business area to join.
Nonghyup associate members may not receive some benefits compared to union members, such as the right to participate in general meetings and dividend payments.
6. Associate member of Nonghyup, the reason why I recommend it to my father
Safely manage your assets with high interest rates
Use of various financial services
tax benefits
Easy to sign up
7. Inquiries regarding Nonghyup associate members
Visit your nearest Nonghyup branch
Nonghyup Customer Center (1644-5000)
8. Additional information
Information for Nonghyup Associate Members: [Invalid URL deleted]
How to sign up as an associate member of Nonghyup: [Invalid URL removed]
Nonghyup Associate Member Benefits: [Invalid URL removed]
9. Nonghyup Associate Member, sign up now!
High interest rates, various benefits, safe asset management