• Passbook Savings
  • Money Market Accounts
  • Life Savings Insurance
  • Share Draft Accounts (Checking)
  • Overdraft Protection
  • Debit Cards
  • Certificates of Deposit
  • I.R.A. Accounts
  • Direct Deposits/ACH
  • Automatic Payments
  • Real Estate Loans
  • In-House Appraisal Service
  • Home Equity Loans
  • Consumer Loans
  • Loan Protection Insurance-Member Pay
  • Traveler's Cheques
  • Money Orders
  • Wire Funds Transfers
  • Free Notary Service
  • Photocopies
  • ATM   
  • Internet Banking
  • Bill Payer
  • E-Statements

Financial Services

Share Draft (Checking) Information

  1. No Monthly Service Charge.
  2. No Minimum Balance. Dividends accrued on a daily basis at the current rate.
  3. Monthly Statements on the 1st of each month.

  4. Overdraft Protection available to qualifying members to cover overdrafts.

    a.  loan limit--$1000.00

    b.  interest rate--At current rate

    c.  loan advance in increments of $100.00

    d.  $3 service fee

  5. Automatic Transfer from savings available.

  6. If options 4 or 5 are chosen and funds are available there will be no NSF charge for insufficient funds.

  7. NSF checks will be returned unpaid.

  8. Minimum deposit of $25.00 to open the account.

  9. Must maintain a passbook savings account

Share Draft Service Charges:

1.  Overdraft (NSF)

$20.00
2.  Stop Payment $10.00
3.  Microfilm copy of a check   $1.00

4.  Reconciliation of Account--1st month

                                            --each month

    Free

$10.00

Debit Card - ATM - Information

  1. No Annual Fee.
  2. Free P.O.S. Transactions.
  3. Can be used wherever you see the Visa Logo.

Automated Clearing House - ACH - Information

  1. On Line with Federal Reserve
  2. Payroll Deduction
  3. Social Security Deposits
  4. Automatic Payments

As a member, you have a say in how your credit union is run by participating in annual meetings and serving as a volunteer.  A credit union's board of directors is elected by members--each member gets an equal vote regardless of how much he or she has on deposit.  Only members may serve as directors or committee members--and they serve without pay.  Volunteering to serve as a board member, committee member, or providing other assistance is a key credit union value.

Credit unions are different from other financial institutions.  Perhaps the easiest way to measure the difference between credit unions and other financial institutions is to compare them in several critical areas.
 

Credit Unions

Banks and S&Ls
Purpose Not for Charity, Not for Profit, But for Service To Make a Profit
Definition A Financial Cooperative owned and controlled by its members Business owned by groups of shareholders who may OR may not have accounts there.
Structure Democratically Structured.  Every member has an equal say about a credit union's goals, functions, and services. Depositors have no vote.  Only shareholders may vote on goals, functions, and services.
Directors Directors are elected by members and volunteer their time. Board members are elected by shareholders and are paid.
Earnings Earnings are returned to members in the form of dividends, higher savings rates, lower loan rates, and improved services. Earnings are returned to Shareholders.

The shares in your credit union are insured by the National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an arm of the National Credit Union Administration (NCUA).  Established by Congress in 1970 to insure member share accounts of participating credit unions, the NCUSIF is managed by NCUA under the direction of the three-person NCUA Board.  All federal credit unions and numerous state chartered credit unions, including all credit unions in Nebraska, are insured by NCUSIF.

Your share insurance is similar to deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC).  Share accounts in federally insured credit unions are insured up to $100,000, an amount equal to the insurance protection offered by the FDIC.

Not one penny of insured savings has ever been lost by a member of a federally insured credit union.  The federal insurance fund has several programs to help insured credit unions which may be experiencing problems, and liquidations or failures are usually done only as a last resort.  If a federally insured credit union does fail, however, the NCUSIF will make any necessary payout to the credit unions' members.

The NCUSIF is currently at the strongest and best reserved level in its history.

As a member of an insured credit union, you do not pay directly for your share insurance protection.  Your credit union pays into the NCUSIF a deposit, and an insurance assessment, based on the total amount of insured shares and deposits in the credit union.