|
The Midwest City Credit Union has many types of accounts, some
of which are listed below. Also listed are the various types
of loans and miscellaneous services and benefits.
- Regular Shares (membership account)
- Christmas Club
- Special Shares
- Share Draft Account (checking)
- I.R.A. (Individual
Retirement Account)
- Tiered Rate “Minimum Balance” Account
(High yield earning)
- Share Certificate
|
- Signature
(Unsecured)
- Share Secured (backed by savings)
- Collateral (secured
by auto, boat, or other type of security)
- Adult Education
Loans
- Credit Cards (visa)
- Line of Credit with Overdraft
Protection
|
- Telephone Transfers
- Notary Service
- Copies Made
- 24 hour payment/deposit drop in front
of office
- Audio Response
|
NOTE:
Emergency Economic Stabilization
Act of 2008 increased share insurance protection to $250,000.00
until December 31, 2008.
This account is
separate from all other accounts in the credit union, but is
a sub-account under your Credit Union account number. It will
be shown as sub-account # 2.
This account is especially for “Christmas Savings” and
therefore permits NO WITHDRAWLS until
approximately October 1st of each year. Early withdrawals require
that the Christmas club account be CLOSED. However
there is an option to do a share secured loan against your Christmas
club if you need access to the funds in that account. There are
restrictions that if you close your Christmas club accounts that
you cannot reopen it again for a year.
A deposit is required to be made at least once each quarter
to remain active.
Dividends are paid quarterly on the same basis and rate as the
regular share account.
Payroll deduction is available for deposit directly to this
account.
It you have payroll deduction going to this account, the account
will remain open with deductions continuing, unless you advise
the Credit Union that you no longer desire the account.
TOP
- No Annual Fee VISA credit card and you can access your VISA
credit card information anytime securely at www.ezcardinfo.com.
- Payment by payroll deduction, direct deposit, mail in payments
or automatic transfer is available
- There is no pre-payment penalty
- Visa Credit Card with low fixed rate of 13.90% without Check
Card or 9.90% with Check Card. Some Restrictions Apply.
TOP |
