Accounts & Services
Savings (Share) Accounts -- Our regular Share Savings Account is the main account for all members. Qualified applicants can open a Share Savings Account with a minimum opening deposit of $25.00. The account can be set up as a single-name account, joint account, custodial account, representative payee or trust account. Dividends, paid quarterly, are calculated on the daily balance. Dividend rates are declared quarterly after all expenses and reserves have been met. Deposits can be made over the counter, or through Payroll Deduction or Direct Deposit. Withdrawals can be made over the counter via cash or check ($500 maximum daily cash limit). Minimum balance to earn dividends is $25.00.
Checking (Share Draft) Accounts -- A credit union Checking (Share Draft) Account offers all of the convenience of a bank checking account, but without all of the fees. Here are just some of the benefits:
• First 50 checks free
• No minimum balance or service charge
• No per-check processing fees
• Overdraft protection available to eligible members
• Debit Cards available for qualified applicants
• No fee for Debit Card purchases (non-PIN* activated)
• 8 free ATM (PIN* activated) transactions** per month - over 8 subject to $1 fee per transaction
* Personal Identification Number
**Transactions include withdrawals, deposits, transfers, balance inquiries, and PIN activated purchases
Club Accounts -- Take advantage of our club accounts to ensure you have enough money when you need it. Our club accounts are designed to help you save money gradually and to keep you from charging the bill to your high interest credit cards.
• Christmas Club - Save for the holidays using your Christmas Club Account. Set money aside through the year and in October we will transfer the funds to your savings or checking account, which can be withdrawn at your convenience.
• Vacation Club - You work hard all year, so the least you can do is make sure you have enough money to go on that long awaited vacation. Save for it with you vacation club account. Set money aside throughout the year and in June we will transfer the funds to your savings or checking account, which can be withdrawn at your convenience.
• Special Savings - With a Special Savings Account you can keep funds separate from your regular Savings and Checking Accounts! Use this account to save for Taxes, Special Projects, or anything else you may need.
New CU Online Addition - You can now take advantage of the club accounts even faster by opening these accounts up yourself through CU Online!
top...
Debit Cards -- A MasterMoney™ Debit Card puts you in the driver's seat. You can use your Debit Card at thousands of ATM locations to access your funds 24 hours a day, 7 days a week.* Purchases can be made anywhere you see the MasterCard® logo. Funds are deducted from your Checking Account, and all transactions are listed on your monthly statement.
Because Erie General Electric FCU is a member of CU$, a Selective Surcharge Group, our members can use their debit card at over 300 ATM locations without a surcharge. This includes all ATM machines with the CU$ logo displayed on the machine. The majority of the ATMs are located in Pennsylvania, but a few are located in other states. Click on the logo to view the complete listing.
The Erie area has several surcharge-free ATMs for your convenience. Click here for a list of no-charge ATMs. If you are an Erie GE employee, the credit union offers a no-surcharge ATM in the lobby of the compensation office.
top...
MasterCard SecureCode Activation - This is a free optional service that prompts our cardholders to establish a SecureCode when making a purchase at a participating merchant.
To find out more information about MasterCard SecureCode or to enroll check out www.mastercardsecurecode.com. Please review the Terms & Conditions.
* If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator of the machine and/or by an automated transfer network.
Money Market Accounts -- Would you like to earn higher dividends on your money, yet have the cash readily available if you need it? Then a Money Market account may be right for you. Our Money Market account features include:
• Great Rate*
• $2000 minimum balance
• 50 free checks
• 6 Transfer/withdrawals per month, $500 minimum (3 by check)**
A money market account at your credit union is the perfect way to save for your financial goals. We're committed to helping you earn more on your savings.
* Variable rate subject to change. Dividends are calculated on the daily balances of $2,000 or more and credited monthly.
**Reg. D transfer/withdrawal limitations apply. Call credit union at (814)456-6231 for a copy of our Rate and Fee Disclosure for complete details.
top...
Direct Deposit -- Almost all employers now offer Direct Deposit of your net pay into the financial institution of your choice. We also accept Direct Deposit of Social Security, company pensions, any government recurring checks, and tax refunds. When signing up for Direct Deposit, please be sure to use the correct routing number (also called ABA number): 243381117, plus your 10-digit account number.
Payroll Deduction -- Most of our select employee groups (SEGs) offer credit union payroll deductions to their employees. Contact your payroll department, or stop into the credit union for the proper forms. If your employer is not one of our SEGs, payroll deduction may still be possible through Direct Deposit. Contact your employer for information.
Other Services Include
• Money Orders
• Night Deposit
• Travelers cheques
• Student Survival Kit
• Postage Stamps
back to top... |
