The saving accounts in the credit union are called Share Accounts. Members may save through payroll deduction, electronic deposits, check deposits and/or cash deposits. Share accounts do receive dividends. The new earnings are distributed to the members in the form of a dividend on a quarterly basis. The dividend rate is set by the Board of Directors.
A checking account at the credit union is called a Share Draft Account. There is no minimum balance, no per-check fee and no service charges. You do pay for your own checks and any additional services you may require. For example stop payments, traces or check copies. The share draft accounts are connected to the share accounts and will overdraft for a $5.00 fee.
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* must have a parent or guardian on the account
This is an overdraft payment service for your share draft account. The added value to you includes no third-party fees, late fees, or the embarrassment of returned checks. CPAY may be available for all checking accounts that have been opened for four (4) months and when all of that member’s accounts are in good standing. The maximum limit ofCPAY is $300.00 per checking account, unless otherwise
Under Courtesy Pay (CPA Y), we, at our discretion, may honor and pay checks, automatic debits (ACH), and ATM card purchases drawn against a checking account that does not have sufficient funds available at the time of the presentment. CPAY will be applied only after the account’s other sources of overdraft protection (savings or credit lines) have been depleted. There is a $25 fee, per incident.
ATM Cards are connected to your Share Draft and Share Accounts. You may withdraw from your Share Draft and Share Accounts at an ATM* using your PIN number. When you use your card in a store the funds will be deducted from your Share Draft Account.
*Please note if you use your card at an ATM machine you will be charged a $1.00 fee on top of the ATM machine fee.
We offer Christmas, Tax, and Vacation Club Accounts. These accounts earn the same dividend as a Share Account. There is no minimum balance required. Christmas Club funds can be mailed to you or transferred to your Draft Account. The checks are mailed in the middle of November.
We offer Certificates of Deposit (CDs) that earn a monthly dividend.
Cobblestone Country Federal Credit Union 2023