As a financial cooperative we are continually working
to provide our members with the most cost efficient financial services.
In an era of fees for every service, we pride ourselves on not assessing
our members fees for the financial services we offer. These include
routine services such as checking accounts, savings accounts, Christmas
clubs and sophisticated services such as the credit union check
card which allows members access to ATMs throughout the world and
can be used at any retailer displaying the VISA Debit symbol. Services
we currently offer include the following:
Shares Account - An interest bearing account
for your savings. Every member must keep $5.00 in their shares to
be a member of the credit union.
No charge checking - Our share draft checking
program provides you with a monthly statement, no minimum balance
requirement and absolutely no charge per check. The only cost is the cost to purchase your
check order or any insufficient fund checks returned to you. No
charge ... no fee!
Check Card– The VISA check card operates like a credit card, however, funds are actually deducted from your checking account. You can use the credit union check card at any merchant or ATM machine that accepts VISA Debit. The credit union provides your first 5 cash transactions free each month. Additional transactions are $1.00 each. There is no charge for use of the check card at any merchant when you sign for your purchases through the credit system.
ATMs Available - The Credit Union owns 6 ATMs. Five are located on the SUNY Fredonia Campus and one is in the main lobby of the TLC Health Network, Irving Campus. There is no ATM service fee to our members using our VISA Check Card to withdraw cash from these ATMs.
Payroll Deduction - You can set up an automatic
savings plan, checking account, loan repayment or club account through
payroll deduction by your employer. No charge ... no fee!
Direct Deposit - We offer the convenience of direct
deposit of your payroll check into your checking or savings account
or a combination of both. No charge ... no fee!
Retirement Checks - You can have your entire pension
check electronically deposited to your credit union checking or
savings account. No charge ... no fees!
Social Security Checks - You can have your entire
Social Security check directly deposited to your checking or savings
account. No charge .... no fee!
Christmas Club - You can set up a Christmas Club
and have a deposit automatically added to it from your payroll deposit
or your retirement deposit.
Vacation Club - You can set up a deduction for
that special vacation you have been planning and have the funds
automatically transferred through your payroll deposit to your vacation
club. No charge ... no fee!
Pink & Blue Club - The credit union will open
a savings account for your new baby free of charge and also deposit
$1.00 per pound of the baby's birth weight into his or her savings
account. No charge .... no fee!
Club Accounts - Are you the treasurer of your
local organization? Keep the checking and savings accounts for your
organization? Checking statements are available monthly and it is
completely free. No charge .... no fee!
IRA Accounts - We offer Traditional and Roth IRAs
and Coverdell Educating Savings accounts. You can make payroll deductions
to your IRA. No charge ... no fee!
U.S. Postage Stamps - The Credit Union sells individual
and books of U.S. Postage Stamps. The funds can be deducted from
your account or paid for with cash. We charge what the post office
charges ... no extra fees!
Notary Services - Bring the document(s) you need
notarized and your driver's license to the Credit Union and a Member
Service Representative can sign, stamp and seal your paperwork.
No charge ... no fee! (The Credit Union does not offer Signature
SAVINGS PLANS .... The credit union offers regular
savings and certificate of deposit to our members. Regular credit
union savings account dividends are paid monthly. If you have a
credit union checking account, you receive a statement each month.
If you have strictly a credit union savings account, you receive
a quarterly statement showing all savings transaction. You may request
payroll deduction to have funds automatically transferred to your
savings account. It provides an easy way of accumulating savings.
SHARE CERTIFICATES ....The credit union offers competitive rates for all share certificates. We offer 1 year share certificate to our members. A minimum amount for a share certificate is just $500.00. Certificate rates change frequently. For current rates, call the credit union office at 673-3585 or visit the current rates area of our website.
We offer many different loan options summarized below:
1. New & Used Vehicle Loans: We always offer
very competitive rates on both new and used vehicle loans. Loans
are approved quickly and in many cases you can receive pre-approved
loans so that you know the maximum amount that you can borrow before
you make a deal for your vehicle. Remember, you are usually better
off to take the dealer rebate and then secure low cost financing
through the credit union. Also available, we offer optional low
cost Life, Disability and GAP Insurance. (For more information about GAP insurance)
2. Personal Loans:The amount that you can borrow
unsecured in a personal loan depends on your credit score and your
monthly income. No collateral is required and they are generally
lower than credit card rates.
3. Mobile Home Loans: You can borrow up to $40,000.00
to purchase your mobile home.
4. Recreational Vehicle Loans: We provide 100%
financing for Recreational Vehicles.
5. Shared Secured Loans: By using your savings
as collateral, you can lock in the lowest rate on any type of
loan. However, your savings amount is not available until this
loan is repaid.
6. Computer Loans: For those of you who want
to purchase a personal computer, printer or other software, we
offer this unique loan for that purpose.
7. Christmas and Vacation Loans: During the holidays
and summer months, we generally offer a low cost special loan
at attractive rates and repayment terms. This allows members to
pay off those high interest rates on credit cards with a low interest
8. Overdraft Loans: This loan covers your Draft
Account in case of non-sufficient funds.