Credit Union checking accounts are called share draft accounts. There is no limit to the number of checks or share drafts you can write each month.
As part of this account, you may also request a Visa Check Card to be used for purchases and cash advances using this account. You may use your Visa Check Card to make purchases or withdraw cash at any merchant or ATM anywhere that the "Visa" logo is displayed.
Direct Deposit and ACH transactions are also available with this account. The first 50 share drafts are printed free of charge. Members may choose from a large selection of check styles. Prices of the check reorders will vary depending on the style chosen. Please see the credit union for details.
You must maintain a minimum average daily balance, of at least the amount shown below, in your account in order to obtain a monthly dividend. Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in your account. The dividend rate and annual percentage yield are subject to change every dividend period as determined by the credit union board of directors.
Truth-In-Savings Disclosure Information
Updated 1/9/2012 for the 4th Quarter of 2011
| Annual Percentage Yield as of Last Dividend Declaration Date |
0.15% APY |
| Dividends Compounded |
Monthly |
| Dividends Credited |
Monthly |
| Dividend Period |
Monthly |
| Minimum Opening Deposit |
None |
| Minimum Balance to Avoid Service Charge |
None |
| Minimum Average Daily Balance to earn the Stated APY |
$1,000.00 |
| Balance Method |
Average Daily Balance |
Additional Services
As part of your membership, the following additional services are available to you:
• Credit Disability and/or Credit Life Insurance
• Direct Deposit
• Family Membership - Any family member may join the credit union!
• Money Orders
• NADA® Used Car Value Quotes
• New Car Invoice Pricing
• Newsletter
• Night Depository
• Payroll Deduction
• 24/7 Audio Response System
• Visa® Check Card
• Home Banking
• E-Statements
• GAP Insurance
• Visa® CU Money Travel Card
• Visa® Gift Cards
Many of these services are provided at no charge, however the following services are subject to a fee.
SHARE DRAFT ACCOUNT FEES:
| Copy of Share Draft |
$3.00 |
| Deposited checks returned unpaid |
$10.00 |
| Stop Payment |
$10.00 |
| NSF (non-sufficient funds) |
$25.00 |
| Account Balance Assistance (1 hour minimum) |
$10.00/hour |
| First Overdraft Transfer each month |
FREE |
| Additional Overdraft Transfers in the month |
$5.00 each |
| |
|
| OTHER FEES: |
|
| Account history between statement cycles |
$0.25/page |
| Corporate Share Draft - payable to third party |
$1.00 |
| Money Order |
$0.50 |
| Writ of Execution |
$50.00 |
| Government Levy |
$50.00 |
| Visa® Gift Card |
$2.00 |
| Visa® Travel Money Card |
$2.50 |
| Copy Fee |
$0.25/page |
| Dormancy (no activity for a year) |
|
| Shares (savings) |
$1.00 |
| Share Draft (checking) |
$1.00 |
| |
|
| VISA® DEBIT CARD CHECK CARD: |
|
| Replacement PIN |
$2.00 |
| Replacement Card |
$5.00 |
| NSF (non-sufficient funds) |
$25.00 |
|
