CHECKING & SAVINGS
REQUIRED FOR ALL MEMBERS
SAVINGS ACCOUNT
HOW MANY CREDIT CARDS DO WE OFFER?
3
Loan that uses share savings as collateral
WHAT IS A PAY DAY LOAN
A PAYDAY LOAN IS A LOAN WE OFFER TO MEMBERS WHO MAY NOT HAVE THE BEST CREDIT.
NO CREDIT CHECKS ARE REQUIRED
BETWEEN $500-$1000
MUST HAVE 6 MONTHS OF DIRECT DEPOSIT IN SAVINGS ACCOUNT
WHAT IS A BUSINESS ACCOUNT?
Checking account for business/commercial use
Eligibility FOR TEEN SAVINGS
Minimum Opening Deposit-$5.00
Minimum Balance-$5.00
An adult must be joint owner
Available to teens aged 13-17
True or False:
All three types of Credit Cards can be Secured.
FALSE
WHAT ARE THE BENEFITS OF A PAL? (PERSONAL ACCESS LINE OF CREDIT)
-Eliminates non-sufficient fund charges, when used as overdraft for checking accounts.
-Convenient, can be withdrawn for emergencies with no penalties
-Saves money
What is the minimum loan amount?
$500
WHAT IS NOT ALLOWED ON A BUSINESS ACCOUNT?
Savings only ATM cards are not allowed on business accounts
How do you avoid a monthly fee on a simple checking account?
AT LEAST ONE OF THE FOLLOWING MONTHLY:
Average daily balance of $1,000
OR
Single Monthly Direct Deposit of $250 AND 10 signature-based Debit Card transactions (swipe and sign)
OR
Month-end loan balance of $10,000 or more (mmay combine auto, boat, PAL, etc. All consumer loans, excluding First Mortgage and/or credit card)
OR
Single Montly Direct Deposit of $250 AND an open Mastercard® Credit Card in good standing
OR
First Mortgage
1. Mastercard Platinum Credit Card (earns points)
2. Mastercard Platinum Cash Rewards Credit Card
3. Mastercard World Cash Rewards Credit Card
FEATURES WE OFFER ON AUTO LOANS
No pre-payment penalty
Everyday low rates
Get extra rate discounts up to .50% with your Premium Checking Account
Make no payments for up to 90 days.
FEATURES AND BENEFITS OF A SHARE CERTIFICATE LOAN
Rates are generally lower than other consumer loans
Loan is automatically approved
Keeps share certificate intact and keeps earning dividends
Convenience, save money, and earn extra money
ELIGIBILITY FOR BUSINESS ACCOUNTS
Eligibility:
Minimum Opening Deposit - $100.00
Balance to avoid Low Balance Fee - $100.00 Balance to earn dividends - $150.00
What is a Money Market account and what makes you eligible?
-Earns higher rates than Share Savings, but more liquid than Cd's
-Dividends paid based on tiered rates and balance
Eligibility:
-Minimum Opening Deposit - $1,000
-Minimum Balance to avoid the fee - $1,000
What is the Fee associated with using a Credit Card as an Overdraft source?
There is no additional fee :)
WHAT LOAN PRODUCT WOULD BE BEST TO OFFER A MEMBER TO USE AS OVERDRAFT PROTECTION?
Personal Access Line of Credit (PAL)
What is the MAX term offered for a Personal Loan?
Up to 60 months (5 year)
CAN BUSINESS ACCOUNTS USE ONLINE BANKING?
YES!
Waives fee for members who present a specific ID or proof. This benefit is valid for three years and can be renewed every three years.
Military Friendly Program
What is the MAX interest rate on Credit Cards?
17.99%
What is the MAX mileage allowed for an Auto Loan?
160K Miles
What is the MAX term for a Recreational Vehicle Loan?
(Bonus point for the corresponding amount financed for that term.)
180 month term (15 year)
($45,001 amount financed)
WHAT IS SMALL BUSINESS BILL PAY?
Electronic means for business members to schedule one time or reoccurring bills electronically to payees.