Share Draft Account

  • With this share draft account, original checks will not be returned (safekeeping) to the member. The drafts are a carbonless duplicate form and are truncated at the Federal Reserve from whom copies may be ordered at a nominal charge.
  • The dividend rate on share draft accounts will be paid at a rate approved by the Board of Directors by vote at the monthly meetings.
  • Funds accumulated in the share draft account will not be used in the Life Savings Insurance calculation.
  • Overdraft protection will be offered to those members who have sufficient funds available, and who do not have a history of excessive non-sufficient fund checks.  The credit union will make an automatic transfer from a designated share account  to cover a non-sufficient fund draft at a cost of $3.00.  A notice will be sent if the service is utilized.
  • A credit report may be run to verify the member’s credit worthiness before a share draft account is opened.

If you are mailing a loan payment or other item(s) of business, please be advised that our Main and Messick Road office addresses have changed. SEE MAILING ADDRESSES