Deposit Account Disclosure
Regular Share Accounts:
Our Regular Share account establishes membership in the credit
union with a $25.00 deposit. A $5.00 monthly service fee
is charged to the account if the balances between all active
accounts under the same number fall below $250.00. Dividends
are computed and paid quarterly. Once this account is open, members may utilize
the other products and services of the credit union.
(Share Draft Accounts):
Our Advantage Checking** (Share Draft) account features no minimum balance requirements, unlimited check writing, direct deposit, online access with bill pay, Visa debit cards with unlimited transactions and identity theft protection through IDProtect®*. With Advantage Checking, you receive all of the above listed services and more for a $3.95 monthly fee (our members 60 and over, the fee is $1.95 per month).
Our Basic Checking (Share Draft) account offers the same services as the Advantage Checking with the exclusion of the identity theft protection through IDProtect.
Overdraft Protection is available with credit approval.
* IDProtect service is a personal identity theft protection service available to personal checking account owners, their joint account owners and their eligible family members. The service is available to non-publicly traded businesses and their business owner(s) listed on the account and their eligible family members (service not available to employees or authorized signers who are not owners). Service is not available to a "signer" on the account who is not an account owner. Service is not available to clubs, organizations and/or churches and their members, schools and their employees/students. For revocable grantor trusts, the service is available only when a grantor is serving as a trustee and covers the grantor trustee(s) and their eligible family members. For all other fiduciary accounts, the service covers the beneficiary, who must be the primary member, and their eligible family members (Fiduciary is not covered). Family includes: Spouse, persons qualifying as domestic partner, and children under 25 years of age and parent(s) of the account holder who are residents of the same household.
**Some Advantage Checking benefits require registration and activation.
Money Market Accounts:
Our Money Market account provides options to earn a higher
interest rate with easy access to funds. The minimum balance
of $5,000.00 is required to open this account and will earn
a higher rate of interest than the regular shares. Dividends
are accrued on a tiered-scale (based on the total funds in
the account) and are paid quarterly.
Club/Special Savings Accounts:
Our Christmas Club account allows our members to make deposits
throughout the year to save for Holiday expenses. The funds
in the account are either mailed to our members in the form
of a check or can be transferred to the regular share account
during the first week of November.
Special Savings accounts may be used for a variety of purposes
such as saving for a vacation, a special event, etc.
No minimum balance is required to open the Christmas Club
or Special Savings account.
Our IRA account(s) are a low-cost way for our members to save
towards retirement. We offer Traditional, Roth and Coverdell
IRA accounts. Deposits are voluntary and can be made throughout
the year. Dividends are computed and paid quarterly.
Our Term Certificates are a fixed-rate deposit account. Funds
are locked in for a specific term and generally pay higher
interest than the Regular Savings account. For more information
regarding rates and terms, speak to a Member Services Representative.