Product offerings: Share Savings Membership Account Super Saver Account Christmas Club Account CDs (Certificates of Deposits) Share Draft Checking Account IRA Account Signature Loan Limits VISA Gift Card VISA Debit/Check Card See additional details below regarding each product. _________________________________________________________________________________________________ Share Savings Membership Account Minimum deposit $26.00; this includes $1.00 membership fee and $25.00 to open account.
(Minimum Balance of $50.00 required on share savings accounts to earn interest)
$10.00 fee may be involked if
new accounts are closed within 90 days of opening.
Effective March1, 2013 Any Return Statement (with no forwarding address) - $5.00 Fee Quarterly
Effective March 1, 2013 Dormant Account Fee (if applicable) - $10.00 per Dormant Account/per Month
Effective March 1, 2013
Garnishment/Levy Processing Fee - $75.00
Christmas Club Account Terms and Interest calculated same as Share Savings Account. Checks will be issued approximately 2nd week in November.
CDs (Certificates of Deposits) 6 Month Certificate (180 Day Maturity)(Subject to early withdrawal penalty) 12 Month Certificate (365 Day Maturity)
(Subject to early withdrawal penalty) 18 Month Certificate (545 Day Maturity)
(Subject to early withdrawal penalty) No monthly service charge Cost of checks ordered will be drafted from account
(basic checks qty 120) Cancelled checks are not returned with statement/duplicate checks are recommended. Check Images are visible through Internet Banking Services. If at anytime you need a copy of a cancelled check, a copy will be provided as far back as 7 years, you maybe charged $3.00 per copy. Stop payment fee - $15.00
Effective March1, 2013 Wire transfers - $20.00
Effective March 1, 2013 Internet Banking/Bill Pay - $5.00/month Garnishment/Levy Processing Fee - $75.00
IRA Account Calculates on daily balance and posts quarterly.
(Minimum balance on this account is $100.00) Signature Loan Limits Eligible for loans after 90 days membership Member 90 days – 1 year $1700 @ $60.00 per month After 1 year $3500 @ $120.00 per month After 5 years $5000 @ $150.00 per month
VISA GIFT CARDS For your gift or travel needs Use for purchases where VISA is accepted At time of purchase - $4 fee for 1st card $2 fee for each additional card
VISA DEBIT / Check Card Works like a check where-ever you see the Visa or Pulse Logo Posts to your account electronically
Alabama River Credit Union's Visa Debit/Check Card is the one card that acts like several cards. It works like a check at any merchant that accepts VISA and it works like an ATM on the VISA or PULSE ATM networks. Convenience at it's best-
Use your check card without hassle of writing a check or carrying cash. When you use your check card press "credit" and the money is immediately deducted from your checking account. It's quick and easy. Just sign and go! It's ATM Ready
Our VISA Debit/Check Card works like an ATM card at any automatic teller machine on the VISA or PULSE ATM networks. Simply look for the VISA or PULSE logos and you can get the cash you need with your personal identification number (PIN). Not a Credit Card
The Alabama River Credit Union VISA Debit/Check Card is NOT a credit card. Just like a check, you must have money in your account before you can spend it. You will save money by not paying the fees and interest that can be part of credit cards. For further information on these and other services contact us at 251-575-2921.
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