Services and Products

Regular Shares

  • A minimum of a $5.00 balance must be maintained in your regular share account at all times. Dividends are compounded and credited quarterly. The dividend rate and annual percentage yield may change ever dividend period as determined by the board of directors. A quarterly statement is available online for free or may be mailed for a $2.00 statement fee. Either option must be requested online.

Share Draft Checking

  • There is no minimum balance required to earn dividends and no minimum balance fees. The only fees are a $32.00 NSF fee and $5.00 transfer fee if we have to transfer money from your savings account to cover your checking account. It is compounded and credited monthly with the dividend rate and annual percentage yield being determined by the board of directors monthly. The new Visa Check Card can also be used to access your share draft account through point of sale transactions or by using an ATM. But the ATM you use may charge a fee, we do not. A monthly statement is available online for free or may be mailed for a $2.00 statement fee. Either option must be requested online.  

    Your drafts/checks are not returned to you, but are stored by our processor. Your monthly statement will show all drafts/checks that has cleared in numerical order. A copy of your draft/check is available for a $3.00 fee for each copy received.Check/drafts may be ordered through the credit union or any check ordering service. The member may want to order their first book of checks through the credit union since they are at a reduced cost and may insure proper routing and account numbers for future orders.

Restricted Savings

  • This is another type of savings account. It has the same specifications as a regular savings account, except there is no $5.00 minimum. It really is not restricted like the name states. It is just another way to save for something separate from your regular savings account.

Christmas Club

  • The Christmas Club is a special share account used by members to save for Christmas. This account starts in October and pays out the following October. The Christmas Club is disbursed to the member the first part of October by means of automatic deposit to their share account. Dividends are compounded and credited quarterly as determined by the board of directors. If the money is taken out early then the Christmas Club will not be restarted until next October.

Vacation Club

  • Plan for that much needed vacation. Similar to the Christmas Club except it is started in June and pays out the following June into their savings account.


Certificates of Deposit

  • CD’s are available in 6 and 12 month terms with dividends compounded at maturity. Dividend rates are determined by the board of directors monthly. Six month CD’s require a $500.00 minimum deposit with Twelve month CD’s requiring a $1,000.00 minimum. Early withdrawal penalties as per Truth-in-Savings do apply.

Payroll Deduction

There are two ways to have money go into your account automatically:

1. Payroll Deduction – This is done by filling out a payroll deduction form in the credit union. This is preferred when the member just wants a portion of their pay in one or more accounts.

2. Direct Deposit – This is done by going to your employer/payroll department and applying for direct deposit. With this option your whole paycheck goes into the designated account.

LOANS

All loans are subject to a $20.00 processing fee.

  • Single Credit Life or Joint Credit Life and Credit Disability Insurance is available at a low monthly rate. This protects the member if they would become deceased, sick or disabled and unable to make their monthly payment. After 30 days, credit disability begins and members monthly payments are made until the member is back to work. This process will need to be initiated by the member if the member is off work due to illness.
    Loan Payments can be made by cash payments, coupon books (costs $3.00), and payroll deductions (which is the most common). Loan payment made through payroll deduction requires a deduction every time there is a dated payroll set-up by your pay frequency. If you are off work due to vacation or layoff , it is the members responsibility to notify the credit union so that payments are still made in the time frame set per the security agreement and no delinquencies occur.

New Car & Truck Loans

  • New vehicles are financed up to 72 months at a fixed rate (can be financed up to 84 months with approval). We loan 90% of the sticker price or 90% of the book value including taxes and title to qualified applicants. We must have a dealer invoice, pay stub, loan application, and a $20.00 application fee before we process the loan. Full coverage insurance must be carried on the loan and proof must be sent to the credit union within 30 days.

Used Car and Truck Loans

  • Used cars are financed differently depending on the year of the vehicle. We loan 90% of the book value. We must have a dealer or personal invoice, pay stub, loan application and $20.00 application fee before we process the loan. Full coverage insurance must be carried on the loan and proof must be sent to the credit union within 30 days.

Recreational Vehicle Loans

  • All rules for the car loans apply to the recreational vehicle loans.

Signature and Co-Maker Loans

  • Loan Amount Eligibility is based on the fair issac credit score:
    • Over 780-$8,000.00-60 months-14.0%
    • 680-779-$8,000.00-60 months-15.0%
    • 630-679-$4,000.00-48 months-16.0%
    • 530-629-$3,000.00-36 months- 17.0%
    • 529 & below-$2,000.00-24 months-18%
  • Signature loans can be requested up to $5,000.00 with a maximum repayment period of 60 months, at the discretion of the Loan Officers. NOTE: Loans will only be refinanced two times. Then loans must be paid down to 50% of the original loan payment (Effective: 9/24/01)

Share Secured Loan

  • Share Secured Loans can b e financed for the amount equal to the share balance at a rate 3.5% above the current 12 month CD rate for up to 60 months.


Special Promotions

  • These will be offered from time to time upon the board of directors decision. Some of the past promotions have included school loans, vacation loans, Christmas loans, and consolidation loans.

Skip-a-Pay

  • Members may skip a loan payment (applicable to any number of loans owed) two times a calendar year ( January-December) for a fee of $35.00. The board has the option to add a special holiday skip-a-pay, which is voted on each year. The due date will forward one month for each deferment. In order to participate in the skip-a-pay program, the member must be current on their loans before payments can be skipped. No skip payments will be permitted in the first 90 days of loan origination.

OTHER SERVICES:

  • Free notary service
  • Stamps
  • Discount tickets to Regal Cinema’s
  • Wire transfers for a $15.00 fee (domestic)
  • Direct Deposit
  • Visa Check Card
  • Credit Life and Disability Insurance
  • AND A FRIENDLY STAFF