A $50.00 minimum deposit is required
to open a share draft account. The Credit Union offers a Standard Share Draft
Account along with Overdraft Protection Plans. New accounts are verified
through Equifax Credit Bureau and credit lines are approved based on that
information and verification of income.
I-Branch is the Internet Online
Banking system. In I-Branch members can check balances, make transfers, view
cleared drafts, pay bills, and request withdrawals. Members can reorder checks
through a link to www.deluxe.com in I-Branch. I-Branch can be
reached through our website, www.rosecityfcu.com.
I-Mobile can now
be used to access your account on the go. Use the same login and password as
Telephone transfers can be made between Credit Union accounts
by authorized parties using the Auto Response Teller (ART) 229-226-1278 or by
contacting the Credit Union office.
Direct Deposit/net check deposits
are offered through many Credit Union agencies as well as pre-authorized drafts
such as insurance premiums, YMCA payments, etc.
Two FREE Prepaid Travel
VISA cards are available for share draft account holders per year, $5 for each
"FREE" VISA Debit/ATM cards are available to qualified
members. The normal daily limit for the ATM card is $500 and the Debit/POS card
limit is normally $1000 per day. These limits are subject to increase or
decrease based on the account activity. for security reasons foreign
transactions are not available with the ATM/Debit card. VISA travel cards are
provided and recommended for international transactions.
reoccurring payment transactions using debit cards are not recommended due to
minimal member dispute rights with merchants and the potential for
Easy record-keeping can be achieved with carbonless copies of
each check you write. An exact record of all transactions is kept; therefore
your original checks are not returned to you. Copies of cleared checks can be
accessed through I-Branch or can be provided upon request for a
Share draft statements are generated as of the last working day of
each month. Statements are mailed or e-mailed each month. Combined account
statements are produced each quarter end period with all other account
transaction activity reported.
SCHEDULE OF FEES:
| - per $50.00
overdraft transfer, after 6 per month
| - per $100
overdraft transfer, limited to established line-of-credit
(Microfilm of cleared check):
Reproduction: pick up
|- First hour,
$5.00 each additional hour.
For new share draft orders (checks)
members pay the actual cost of their drafts, unless a special promotion is
offered. This printing charge will be deducted from the share draft account
automatically. The Credit Union places no additional charges on drafts and
therefore asks that all checks be purchased through this office. Members are
not charged sales tax on orders made through the Credit Union share draft
Counter checks will be issued in an emergency situation, such
as a loss of drafts, delay in receiving printed drafts on order, or similar
situations. Repeated requests for counter checks in lieu of ordering checks
will be reason for denial of such service.
ATM fees: Five FREE
ATM transactions per month are provided. A surcharge may be assessed by other
ATM machine owners. A fee of $1.00 per transaction will be assessed by the
Credit Union for ATM transactions in excess of five per month. This fee will be
in addition to any fees assessed by the ATM owner.
from share accounts (not share draft accounts) via the ATM could result in
additional fees being assessed if withdrawals or transfers are made. See Rate
and Fee Schedule for share and share draft accounts.
Payments: Members may request that payment of a check be stopped by
providing notification to the Credit Union personally or by telephone. At the
risk and written request of the member, the Credit Union shall, without
responsibility on its part so far as it may lawfully limit its liability,
accept a Stop Payment order on the share draft account. A service charge in the
amount reflected in the Schedule of Fees may be assessed for each stop payment
occurrence. Stop payments cannot be authorized on debit card
A member's account may be closed by giving a five (5)
day notice through certified mail that on the sixth (6) day of the letter the
account will be closed and all incoming checks will be returned on the closed
account. A check will be sent to the member's last mailing address for the
balance in the share draft account being closed after all fees and charges are
deducted. Unused share drafts must be turned in or a $10.00 fee will be
assessed against the account.
Inactive share draft accounts are subject
to being closed after being closed after being inactive for six (6) consecutive
months. The letter / notice must include the following information:
- Length of inactive period, and
negative balance due, if any.
- Any amount transferred from
savings to cover any deficiency in the draft account.
- Share draft account will be
closed after five (5) working days from the notice, unless there is activity in
the account within the five (5) day period.