Managing your finances effectively starts with choosing the right financial institution. Members Credit Union offers comprehensive checking and savings account options designed to provide convenience, flexibility, and value. Here's an in-depth look at what you can expect when you open an account with Members Credit Union.
Premium Checking Account Features
Members Credit Union's checking account is designed to offer premium features without the premium fees. Here's what comes standard with every checking account:
- Free Online Banking: Access your account anytime, anywhere, to check balances, transfer funds, and more.
- Free Online Bill Pay: Simplify your bill payments with our easy-to-use online bill pay service.
- Free VISA Debit Card: Make purchases and access ATMs with ease using your VISA debit card.
- Free Direct Deposit: Have your paycheck or other recurring deposits automatically credited to your account.
- Free 24-Hour Phone Account Access: Manage your account over the phone at any time.
- Free Access to Branches and ATMs: Utilize any of Members CU’s 15 branch locations and over 1,000 surcharge-free NC Credit Union Network ATMs.
To maintain these benefits, ensure a minimum balance of $25 is in your checking account on the last day of the month. This balance requirement helps you qualify for monthly dividends and avoids a $3 minimum balance fee. Dividends are paid and compounded monthly based on your account’s average daily balance.
Opening an Account Made Simple
Becoming a member and opening an account is straightforward:
- Join Online: Complete the membership application online.
- Visit a Branch: Print out the application and bring it to your nearest Members CU branch location.
- Need Assistance?: Call 1-800-951-8000 (Monday-Friday, 8 a.m. to 5 p.m.) for help with the process.
Membership eligibility details are available here!
Account Access Cards
Members Credit Union provides convenient access to your funds through:
- MCU Cash Card: A versatile card for purchases and ATM withdrawals.
- VISA Debit Card: Accepted worldwide, offering easy access to your checking account funds.
These cards make shopping and cash access quick and easy.
24/7 Account Access
Stay connected to your finances with our electronic services:
- MEMCU Online: Full account access through our online banking platform.
- Tell-Com: Manage your account over the telephone with our user-friendly service.
- eBill Service: Pay your bills online, saving time and money.
- eStatements: Access your last 18 statements electronically.
All these electronic services are free for Members CU members.
Direct Deposit Convenience
Simplify your banking with direct deposit:
- Automatic Deposits: Have your check directly deposited into your Members CU checking account.
- Payroll Deduction: Allocate a portion of your paycheck to your savings account automatically.
To set up direct deposit, fill out a Direct Deposit Authorization Form and submit it to your employer’s payroll department.
Checking Account Overview
Here's a summary of the checking account features:
- No Per-Check Fee: Write as many checks as you need without incurring fees.
- Unlimited Check Writing: No limits on the number of checks you can write.
- Overdraft Protection Available: Optional protection to prevent overdrafts.
- Earn Monthly Dividends: Grow your balance with monthly dividends.
- Low Balance Fee: Only charged if your balance falls below $25 on the last day of the month.
- Free Online Services: eBill, online check images, and eStatements.
- Account Access: Through MEMCU Online and Tell-Com.
Regular Savings Account
Members Credit Union offers a Regular Savings Account with the following features:
- Low Minimum Balance: Maintain a minimum balance of $25 to avoid a $3 maintenance fee.
- Competitive Dividend Rate: Earn dividends when your average daily balance meets or exceeds $25.
- Free Services: Enjoy MEMCU Online, Tell-Com, and eStatements at no additional cost.
Start saving effortlessly through:
- Payroll Deduction: Automatically transfer funds from your paycheck.
- Automatic Transfers: Set up regular transfers from your checking account.
- Branch Deposits: Make deposits at any Members CU branch location.
Access your savings account and make withdrawals via:
- Branch Visits: Visit any branch location.
- MCU Cash Card: Use your card at ATMs.
- Telephone Requests: Call during business hours to request a withdrawal check.
- Tell-Com: Request a withdrawal check over the phone.
Opening a Savings Account
To open a savings account:
- Membership: Ensure you meet the membership eligibility criteria.
- Application: Complete the application online or print it out and bring it to a branch.
- Assistance: Call 1-800-951-8000 (Monday-Friday, 8 a.m. to 5 p.m.) for help.
Federally Insured Deposits
Rest assured, all deposits at Members Credit Union are federally insured by the National Credit Union Administration (NCUA) up to $250,000.
Achieve Your Financial Goals with MEMCU
By choosing Members Credit Union for your checking and savings needs, you gain access to a range of free services, convenient account management tools, and the peace of mind that comes with federally insured deposits. Open an account today and take the first step toward smarter financial management.
For more information or to get started, visit the checking & savings accounts page.
Check out our other financial services here or come into one of our local branches!