CU is now offering checking (share draft) accounts.
- No monthly fees
- Do direct deposit required
- No minimum balance required (after $100 to open)
- No per check charges
- FREE access to ServiceCU Online
- Overdraft protection available (transfer from shares or line of credit)
- We pay $10 towards your first check order
- Debit card available
Reorder Your Checks
Get quick and easy access to the money in your checking account! Make purchases with the swipe of your card. It is just that easy. Save money in check printing charges when you use your card instead of writing a check. The Debit MasterCard can act as an ATM card as well allowing you to withdraw cash from your checking account or savings or to make transfers between your share draft (checking) account and savings. So convenient - Apply today!
Debit or Credit?
Many times when using your Debit MasterCard to purchase items from a merchant, you may be asked "debit" or "credit"? Which one should you choose?
Even though you are using your Debit MasterCard as a debit card, you should always choose credit. Your purchase will still be deducted from your checking account; however, you will be required to sign for the transaction. This could potentially protect you from fraud.
Reconcile your Statement
The reconciliation form on the back of your statement has been replaced with required disclosures. Download the form to reconcile your statement here as a PDF or Excel file.
MasterCard SecureCode is a new service from MasterCard and your card issuer that provides added peace of mind when you shop online by providing added protection against unauthorized use of your enrolled card online.
Once you've registered and created a SecureCode, each time you make an online purchase, a window will pop up asking for your SecureCode, just like using a PIN at the ATM. When you correctly enter your SecureCode, your card issuer confirms that you are the authorized cardholder and your purchase is completed. No code, no confirmation, no purchase.
While MasterCard continues to add MasterCard SecureCode merchants, there are some merchants who do not yet participate in MasterCard SecureCode. When buying from these merchants, you can simply use your card as you have been doing.
NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a ''noninterest-bearing transaction account'' are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.
The term ''noninterest-bearing transaction account'' includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal (''NOW'') account, money market deposit account, and Interest on Lawyers Trust Account (''IOLTA''), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.
Notice of change resulting in funds no longer being eligible for temporary insurance coverage.
A credit union must notify members individually if it uses sweep arrangements, modifies the terms of an account or takes other actions that result in funds no longer being eligible for full coverage. The credit union must notify affected members and clearly advise them, in writing, that such actions will affect their share insurance coverage.
The NCUA does not impose specific requirements on the form of the notice, but expects insured credit unions to act in a reasonable manner and to comply with applicable state and federal laws and regulations when informing members of changes to their account agreements.
Example: If a credit union modifies the terms of an account agreement so that the account may pay dividends, the credit union must notify affected account holders, in writing, that the account no longer will be eligible for separate unlimited share insurance coverage as a noninterest-bearing transaction account.
In this example, the credit union beginning to pay dividends on the account means the account no longer meets the definition of a noninterest-bearing transaction account, thus the account would be insured under NCUA's regular share insurance rules.