Savings Accounts- Your "Share" of Ownership
Our savings accounts are often referred to as Share Accounts because the initial
$5.00 deposit is your "Share" of ownership in the credit union.
| |
No Minimum Balance Checking |
Dividend Checking |
Scholar Checking |
Money Market Checking |
| Monthly Service Fee |
No |
Yes, if balance falls below $100 |
No |
No |
| Dividends |
No |
Yes, with $100 minimum balance |
Yes, with $100 minimum balance |
Yes, balance determines dividend rate |
| Per Check Charge |
No |
No |
No |
Yes, 3 free per month (fee for additional checks) |
| Monthly ATM/Debit Card Fee |
None |
None |
None |
N/A |
| Call 24 Access |
Yes, unlimited |
Yes, unlimited |
Yes, unlimited |
Yes, unlimited |
| Transfers to Other Accounts |
Yes, limits* may apply |
Yes, limits* may apply |
Yes, limits* may apply |
Yes, limits* may apply |
| Automatic Drafts |
Yes |
Yes |
Yes |
Yes, 3 free per month (fee for additional checks) |
| Cost of Checks |
Prices Vary* |
Prices Vary* |
Prices Vary* |
Free |
| Overdraft Protection |
With credit approval |
With credit approval |
With credit approval |
With credit approval |
| * Retirees (members age 55 and above)
receive free classic checks and complementary Travelers Checks with
No Minimum Balance Checking or Dividend Checking. |
Checking Accounts Include:
-
Use Call 24 to access your account by telephone 24 hours a day
-
Deposits are credited to your account the same day they are made in most cases.
-
You may write as many checks as necessary without incurring a fee
-
You can now order your checks on-line
-
Use your ATM card or VISA Debit card to make cash withdrawals at any ATM
which displays the logos listed at the bottom. The Debit card can also be
used to make purchases anywhere the VISA logo is shown.
-
Protect yourself from paying returned check fees by applying for an
overdraft loan. With credit approval, this personal line of credit will
automatically go into effect if your account becomes overdrawn.
-
Monthly or periodic payments for utilities, insurance, or mortgages can be
drafted from your checking account.
-
Balance your checkbook easily with monthly statements that list your cleared
checks, deposits, ATM/Debit card transactions, dividends, and balance. Copies of your
canceled checks can be obtained by contacting the credit union.
Christmas Club - The First Step to Successful Budgeting.
Budgeting for Christmas is easy when your save throughout the year. Funds are
transferred to your savings account at the beginning of October each year.
- Earn dividends on balances about $5.00
- Renews automatically each year.
IRAs - A supplement to Your Retirement Income
A traditional IRA will supplement your normal retirement funds such as employer
programs and Social Security benefits, to give you added security when your retire.
Roth and Education IRAs are also available.
- Make deposits through payroll deduction/direct deposit
- Choose from Traditional, Roth, or Education IRAs
- Choose from 12 to 48 month terms
Share Certificates - Short Term Investments
For a short term investment, consider share certificates. They offer a higher
dividend rate than your regular savings account without tying up your money for a
long period of time.
- Open an account with a $500.00 deposit
- Choose from 60 day to 30 month terms
- Obtain dividends monthly or quarterly
