Share Accounts

Credit union savings are called "shares" because as a member, you "share" ownership of the credit union. You share from a pool of money that is loaned to members at reasonable rates and also invested by the credit union. Once operational expenses are paid and reserves set aside, earnings are returned to members in the form of dividends on shares.

Your credit union has several different types of "share" or savings accounts:

• Regular Shares
• Christmas Clubs
• Individual Retirement Accounts (IRAs)
• Special Savings

Dividends are paid and compounded quarterly for these accounts. Dividends are based on credit union earnings and are subject to change without prior notification. Dividends are accrued daily once a minimum deposit is made. Statements are mailed quarterly on all share accounts.

Withdrawal requests may be made in person, by phone (with proper account number and social security number identification), by mail, and at participating ATMs using your credit union MAC Card or "MASTERMONEY" Check Card.

Share Drafts/MAC

Discover the benefits credit union share drafts have over ordinary checking:

Super Draft Checking

• First 50 checks free
• No minimum balance to maintain
• $1000.00 to earn interest
• Courtesy Pay Overdraft Protection
• Free "CU Access Line" audio response system
• Free Direct Deposit
• "MASTERMONEY" Check Card access / per regular fee schedule
• No monthly service charges

Senior Advantage Checking

• Free checks - Senior Advantage Design
• Tiered Interest: (current rates may differ / call for current rates)
  $1000.00 - $2500.00 - 1.51%
  $2501.00 - $4000.00 - 1.76%
  $4001.00 - $5500.00 - 2.02%
  $5501.00 - and up - 2.27%
• Courtesy Pay Overdraft Protection
• Free Direct Deposit
• No minimum balance
• No monthly charges
• Free 'CU Access Line" audio response system
• "MASTERMONEY" Check Card access (regular fee schedule)
• Age 55 and up

Maximum Access

• Free Checks - Maximum Access design
• No minimum Balance
• Unlimited Free ATM withdrawals
• Unlimited Free ATM deposits
• Unlimited Free "MASTERMONEY" Check Card Point of Purchase
• Free "CU Access Line" - audio response system
• Mac Inquiries @ .75$ per inquiry
• Courtesy Pay Overdraft Protection
• $5.00 monthly service charge
• Perfect for students, young professionals, families

Fees

The following is a list of fees or penalties which may be assessed:

Penalties and fees may change from time to time--- contact the credit union for a complete and up-to-date share policy.

Access your share draft account and your regular share account by applying for a credit union MAC® Card or MasterMoney check card.

Make deposits, do transfers between accounts, do balance inquiries and make withdrawals all at your convenience, 24 hours a day, seven days a week, without ever visiting the credit union office.

There are no monthly service charges*. Deposits, transfers, and purchase transactions are always free, plus you get two free withdrawals per month.
*Unless you choose our Maximum Access Checking.

Other transactions and fees are as follows:

Fees are accurate as of the print date. Contact the Credit Union for a current fee schedule.

IRA's (Individual Retirement Accounts)

Individual Retirement Accounts (IRAs) are a great way to save for your future, and if you qualify under the tax laws*, to get a tax deduction each year. You can open an IRA with as little as $5.00. You can add to the account by means of payroll deduction, cash or check.

There is no administration fee, no early withdrawal penalty (other than any assessed by the Internal Revenue Service), and no rollover fees.

Watch your IRA savings grow with regular payroll deductions! We offer the following types of individual retirement accounts:

• Traditional IRA
• Roth IRA
• Education IRA

If you're looking for an IRA investment with higher yields, look to our new 18 month IRA Certificate. With a minimum balance of $500.00, you'll lock in higher yields than our traditional savings IRA. Click on the "Investment" tab for rates, or call (814) 946-3045 for information on how you can transfer your currrent credit union IRA account to our new certificate account. Of course, like all certificates, there is a substantial penalty for early withdrawal of funds.

*Consult a tax attorney or the Internal Revenue Service to see if you qualify for an IRA tax deduction.

Payroll Deductions

Payroll deduction is an automatic and easy way to add money to your share accounts or to pay credit union loans. When you sign up for payroll deduction, you specify an amount you want deducted from your pay each pay period and put into the accounts you specify.

To get payroll deduction, or to change the amount you want deducted, contact the credit union or your payroll department for a payroll deduction form. Once the form is completed and returned to the credit union, your employer will be notified of your authorized deductions. Each payroll deduction transaction will be shown on your account statement.

Deductions for loans are held in your regular share account each pay, and applied to your loans on the last day of each month.

If you go on vacation or are laid off for a period of time, no deductions will be made to your credit union accounts. You must make arrangements to deposit funds yourself into accounts you may have. This is especially important where loans are concerned. Timely payments of loans helps build a strong credit rating.

Direct Deposit

If you are nearing retirement, have a service pension, or have a retired family member who wishes to join the credit union, we offer direct deposit of your funds at no cost to you.

We can electronically accept pensions or other payments directly into your credit union accounts. Some of the payments we accept are:

• Social Security Retirement
• V.A. Benefits
• Pensions
• Investment Deposits
• Social Security Disability
• Railroad Retirement

Call the credit union for more details on how to sign up for direct deposit.

CU Access Line

When you open a credit union checking account, you can enroll in our "CU Access Line" audio response system.

With a touch-tone phone and a personal identification number (PIN), you can access your accounts, do inquiries, get a list of cleared checks, check electronic activity, and more. This service is active 7 days a week, 24 hours per day.

"C.U. Access Line" - Audio Response 24 hours per day
Phone:(814) 946-0457
Toll-Free: (866) 694-1769