Click on any product or service in the list below
to learn more about its features & benefits.
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Your Funds Are Federally Insured By The NCUA The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund created by Congress in 1970 to insure member’s deposits in credit unions up to the $250,000 federal limit. Administered by the National Credit Union Administration, the NCUSIF is backed by the “full faith and credit” of the U.S. Government. |
- Loan Application
- Credit Report Check-Up
- Auto/Motorcycle
- Home Equity
- Signature
- Personal
- Share-Secured
- Debt Consolidation
- Multi-Purpose
- Loan Insurance & Protection
- Vehicle Values & Loan Coupon Books
Discount Life/Auto Insurance & Investments
Payroll Allotment/Direct Deposit
Savings & Investments
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Primary Share (Savings)
When you deposit funds in to a Primary Share account, you’re actually purchasing a share of the credit union, making you part-owner and member of FECU. This account also makes you eligible for all credit union services.
- $25.00 minimum deposit/balance to open account and maintain membership
- $50.00 minimum balance required to earn dividends
- Dividends are calculated daily and paid quarterly
- All deposits and withdrawals are made without penalty
Second Share Accounts
The Second Share account may be opened if you would like to save money aside for a special purpose such as a vacation or anything else you would like.
- No minimum deposit/balance to open and maintain account
- Dividends are calculated daily and paid quarterly
- All deposits and withdrawals are made without penalty
Holiday Share Account
The Holiday account is a perfect way to save for the holidays.
- No minimum deposit/balance to open and maintain account
- Deposits and withdrawals can be made at any time without penalty
- Dividends are calculated daily and paid quarterly
IRA Share Account
The IRA Share account can be used as an account to accumulate money until you have the $500.00 minimum deposit required to open an IRA Time Share Account.
- No minimum deposit/balance to open and maintain account
- Dividends are tax-deferred
- Dividends are calculated daily and paid quarterly
Electronic Debit Share Account
The Electronic Debit Share account is for those members who want an account that can be automatically debited on a regular basis but do not want a share draft (checking) account. This account is perfect for paying those recurring bills such as utilities, credit cards, or loan payments or investing monthly in a mutual fund. You must contact the company that you want to automatically debit your account to set up automatic payments with them.
- No minimum deposit/balance to open and maintain account
- Dividends are not paid on this type of account
- Deposits and withdrawals can be made at any time without penalty
Time Share Accounts
- Minimum deposit of $1,000.00
- Maturity periods of 6, 12, 24, 36, 48, and 60 months
- Rates depend upon the term
- Dividends calculated monthly and paid at maturity on 6 month term
- Dividends calculated monthly and paid quarterly for terms of 12 months or more
- Dividends can be compounded (paid back into time share account), paid to your share account, or paid to you by check
- Time share accounts are automatically renewed at current term and at the rate in effect on date of maturity unless you provide other instructions
- Penalty for early withdrawal
Individual Retirement Accounts
The credit union offers Traditional, Roth, and Education IRA Time Share accounts. You can choose from 12, 24, 36, 48, and 60-month terms.
- Minimum deposit of $500.00
- Dividends calculated in same manner as our regular time share accounts
- Dividends are higher than on our regular time share accounts
- Substantial credit union and tax penalties for early withdrawal may apply
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Checking
Basic Share Draft Account
Our Basic Share Draft account is great for members who prefer a no frills account.
- $50.00 minimum deposit required to open account
- No minimum balance required once account is opened
- Unlimited checking writing
- ATM card available with no monthly fee and $.50 per transaction fee and $1.00 per transaction for out of state transactions
- Visa Check Card (debit card) is available for a small monthly fee of $1.00 and $.50 per transaction fee and $1.00 per transaction for out of state transactions
- Overdraft protection available for a fee of $5.00 per transfer from your share account or your loan overdraft account with approved credit
Standard Share Draft Account
Our Standard Share Draft account is for members who can keep a small minimum balance and want some extra benefits.
- $50.00 minimum deposit required to open account
- Minimum daily balance of $300.00 (There is a $5.00 monthly fee if the balance falls below $300.00 any day of the month.)
- One free box of our economy checks per year. ($5.00 credit per box of other checks ordered through the credit union)
- ATM card available with no monthly fee and 5 free transactions per month (There is a $.50 per transaction fee for each transaction over 5.) $1.00 per transaction for out of state transactions
- Visa Check Card (debit card) is available with no monthly fee and 5 free transactions (There is a $.50 per transaction fee for each transaction over 5.) $1.00 per transaction for out of state transactions
- First 30 drafts cleared free per month ($.25 per draft cleared over 30)
- Overdraft protection available with this account for a fee of $3.00 per transfer from your share account
Interest Plus Share Draft Account
The Interest Plus Share Draft account is for members who keep a higher balance and would like to earn dividends on their deposits.
- $50.00 minimum deposit to open account
- Minimum daily balance of $1,000.00 (There is a $15.00 monthly fee if the balance falls below $1,000.00 any day of the month)
- Four free boxes of our economy checks per year ($5.00 credit per box of other checks ordered through the credit union)
- ATM card available with no monthly fee or transaction fees except $1.00 per transaction for out of state transactions
- Visa Check Card available with no monthly fee or transaction fees except $1.00 per transaction for out of state transactions
- First 30 drafts cleared free per month ($.15 per draft cleared over 30)
- No-fee cashiers checks & no-fee travelers checks for two
- Domestic outgoing wire transfer fee reduced to $5.00 and free incoming wires
- 5 free copies of checks per year
- 0.25% discount on F.E.C.U. loans
- 0.25% bonus on F.E.C.U. time share accounts
- Overdraft protection available for free
Premier 55 Share Draft Account
The Premier 55 Share Draft account is available to any member 55 years of age or older. It has all the advantages of the Interest Plus Share Draft account. This account does not, however, earn dividends.
- $50.00 minimum deposit to open account
- Unlimited check writing
- Unlimited number of free boxes of our economy checks ($5.00 credit per box of other checks ordered through the credit union)
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Card Services
ATM Card
Together with your PIN (Personal Identification Number), these cards allow you to withdraw cash, transfer funds and inquire about your account balances at thousands of Automated Transfer Machines (ATM’s) conveniently located around the world. Cards are issued to members with a FECU share draft account. Eligibility is based on the member having a good standing with their account. These cards are available at any FECU office.
FECU has joined the Privileged Status Network to offer ATM and VISA Check Cardholders access to thousands of surcharge-free ATMs. This network includes more than 500 financial institutions with over 1,300 ATMs covering 29 states. So any time you’re in need of an ATM, look for the Privileged Status Logo and be guaranteed that you will not have to pay an ATM surcharge.
Debit Card
When you use your Visa Check Card, funds are withdrawn directly from your checking account. This card provides you with instant account access whenever and wherever you need it.
- Withdraw or deposit funds at an ATM, and locate Privileged Status ATMs for surcharge-free transactions
- Check account balances
- Access to your accounts 24-hour a day, 7-days a week
- Make free and unlimited signature-based purchases at any merchant displaying the Visa symbol
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Credit Card (Visa Classic & Gold)
Get worldwide buying power and convenience with a Federal Employees Credit Union VISA Classic or Gold Credit Card. With no annual fee, a very low annual percentage rate, a 25 day grace period and credit limits to meet your needs, these credit cards have all the features you look for in a credit card.
For your convenience, credit card payments may be made at any credit union office, or via our FREE online service, MyCardInfo. Any and all questions and problems can be handled at any credit union office by someone you know and trust.
To report a lost or stolen credit or debit card, call 1-800-234-5354 24 hours a day 7 days a week.
Prepaid Cards
Prepaid gift cards and reloadable cards are available from the credit union for a small per card fee, and make a great gift for any occasion. Both cards can be used anywhere Visa is accepted, and additional funds can be added to reloadable cards as often as needed. Email us for details, or call or stop in at your convenience.
Overdraft Protection Options
Overdraft Protections Loans
This loan protects your share draft account. If the your checking account is ever overdrawn, advances automatically occur to ensure that all of your share drafts are paid. You write your own loan with a share draft. How easy is that?
Privilege Pay
Privilege Pay Advance is an overdraft protection program for Federal Employees Credit Union members ages 18 years and older with a personal share draft account open for at least 30 days.*
Privilege Pay Advance provides a cushion that permits you to overdraw your account up to a specified limit. By paying your overdraft in this way, you eliminate the extra expense and potential embarrassment of having a share draft returned.
Privilege Pay Advance services will automatically be activated if there are insufficient funds available from your other accounts. Most transactions, including checks, ACH items and ATM withdrawals, will be covered up to the specified limit. We will apply an insufficient funds fee for each transaction that we honor and will notify you each time your Privilege Pay Advance service is activated. This coverage will be extended to you as long as your account remains in good standing.
Once your Privilege Pay Advance service has been activated, you have up to 30 days to bring the account back to a positive balance, either through a direct deposit, transfer of funds, or a deposit at our office. After 30 days, our normal collection process begins.
Call or stop into our office for more information on this service, including a full disclosure. Or, if you wish to deny this service, please complete and submit an Option to Waive form.
*Not all members will be eligible for Privilege Pay Advance. Ask a Member Representative for full eligibility restrictions.
Loans
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About FECU’s Loan Pricing: FECU offers Risk-Based Lending for all non-real estate loans. Risked Based Lending is a loan pricing model that gives the credit union more flexibility in setting loan rates. In the traditional pricing model, a loan type would be priced with a specific annual percentage rate, and a member would either qualify to receive that rate, or be turned-down for the loan. With Risk-Based Lending, the credit union establishes a range of loan rates for each loan type, and members will receive a rate within that range based on the anticipated risk of the loan. This enables the credit union to offer lower rates to members who have a stronger credit rating and history, and a slightly higher interest rate to members considered to be a slightly higher risk. |
First Mortgage Loans
Federal Employees Credit Union offers conventional loans, ARMs, FHA, VA and more. In fact, the options are nearly endless. You can apply securely online now and a lender will reply shortly, or simply email Tim Wells, our Mortgage Lending Professional at timw@premierla.org, for more information.
We also offer a 7-year Mortgage Loan with a low fixed rate and less than $500 in closing costs. Contact us for details!
Federal Employees Credit Union members know that we’re not just about great rates, we’re about great service. We have the same great rates and financing options you can get at most large financial institutions, with that personalized FECU service they can’t begin to offer. At FECU, you can expect:
- Convenient mortgage appointments
- 48-hour loan approvals
- 50-day rate lock-ins upon approval
- 24-hour underwriting turnaround
- Phone calls returned within 24 hours
Whether you want to purchase, refinance, or get pre-approved, contact us today!
Auto Loans
Your Federal Employees Credit Union offers new and used car loans. Our rates and terms are designed with you in mind. New cars can be financed without a down payment for as long as 5 years. Of course rates are lower for shorter loan periods and new cars purchased with a down payment or trade-in.
Used autos can be financed up to 5 years depending on the year of the vehicle. Other terms and conditions also depend on the year of the vehicle. Our loan officers have the flexibility to design a car loan that fits your budget and needs.
The best way to shop for a vehicle is with financing already approved. Our pre-approval loan program gives our members the upper hand when negotiating the purchase of a vehicle.
If you have been offered financing elsewhere, talk to our loan officers about meeting or beating the loan terms. Many times we can offer you a loan that will save you hundreds of dollars. All we ask is that you give us a chance!
Home Equity Loans
Your home is probably the most important asset that you own. We have two Home Equity Loan Programs to help you use that asset for your special needs. And you could possibly qualify for the tax advantages of this type of loan.
- Fixed Rate Program
This program is a line of credit program that allows you to use the equity in your home at a low fixed rate of interest. The maximum repayment period is 7 years and the maximum draw period is 5 years. The maximum loan amount is $75,000 or 89% of the equity available in your home, whichever is less. For current rates, click here.
- Variable Rate Program
This is our most popular loan program. It also is a line-of-credit program with a maximum loan amount of $75,000 or 89% of the equity available in your home. This loan has a maximum repayment period of 15 years with a 5-year draw period. The interest rate on this program is a variable rate with the initial rate depending on the percentage of the equity you use in your home. The rate can change quarterly, with a maximum increase or decrease of .50%. The rate is based on the Wall Street Journal Prime Rate published daily. So you can always know what the rate is on your loan. For current rates, click here.
Signature Home Equity Loans
This loan program is for those members who qualify for a signature loan but would like to get the tax savings of a home equity loan.
Personal Loans
How many times have you needed a small loan for home or car repairs, or to purchase that special piece of furniture you’ve been looking for and finally found. Whatever the reason, our Personal Loan Program fits the need. And at rates and terms you won’t believe!
Personal Loans can be granted at rates as low as 7.9% A7R. Rates are based on each member’s credit history. In other words, the rate charged for Personal Loans is determined just for you! How much more personal can you get?
And the uses for Personal Loans are almost endless. Members have borrowed for medical & dental bills, school clothes, vacations, Christmas, purchase TV’s or air conditioners, repaint the car, adoption expenses, eye glasses, stereos, etc. Do you have something we can help you with?
Share Secured Loans
Have you ever had the need for funds, but really didn’t want to spend your savings? After all it can take a long time to build up your savings account balance to a level that makes you feel comfortable. Then use your savings as security for a loan instead of spending it. And at a rate that you won’t believe. Give us a call to find out what we can do for you!
Signature Line-of-Credit Loans
Signature loans without the hassle. Complete one loan application every two years and set up a line-of-credit loan that is there when you need it. Advances can be done in a matter of minutes. How much more convenient can you get?
Debt Consolidation Loans
This loan program is offered to those members who wish to reduce their monthly payments and/or combine their overall debt. Members must be in good standing with the Credit Union to be eligible and are subject to credit qualifications.
Multi-Purpose Loans
Your Federal Employees Credit Union offers loans for many purposes. We have loan programs to finance motorcycles, boats, recreational vehicles, classic cars, motor homes, airplanes, all-terrain vehicles, personal watercrafts, etc. You name it; we’ll try to finance it. Give us a call with your need and let us try to help!
Loan Insurance & Protection
- Credit Disability Insurance Protection
This insurance protects you in the event you become disabled by a covered sickness or accident. After the policy waiting period has passed, your loan payments will be made relieving you of financial security worries.
- Credit Life Insurance Protection
This insurance protects your family in the event of your death. The insured balance of your loan will be paid so your family will not have to concern themselves with the covered debt.
- Mechanical Breakdown Insurance
Provides insurance coverage on repairs of most car parts as well as labor. Available for new or used vehicles at the time of purchase.
- Guaranteed Asset Protection (GAP)
Vehicle values decline rapidly. That’s why your insurance settlement, in the event of an accident, may not cover your entire loan balance. Unless, of course, you have Guaranteed Asset Protection Insurance (GAP).
GAP is designed to eliminate your unpaid auto loan balance in the event your vehicle is stolen or damaged beyond repair (totaled). GAP supplements your primary auto insurance coverage.
For the one-time cost of $350.00, GAP covers the difference between the actual cash value of your car (primary insurance settlement) and your outstanding loan balance at the time of your loss, less certain deductions like credit insurance or service warranty contracts. In the event of a total loss, GAP will even pay an additional $1,000 toward the purchase of a replacement vehicle when financed at F.E.C.U.
GAP is designed for all drivers, whether you finance a new or used vehicle. It may even cover your insurance deductible – up to $1,000 – as part of your claim settlement. And, the cost of GAP can be financed with your loan. GAP keeps you in the driver’s seat!
Used Car Price Guide
If you are either shopping for or selling a used car, be sure to look at our NADA Used Car Price Guide which are available at each office. Or if you prefer to do your research online, go to www2.nadaguides.com.
Loan Coupon Books
These coupon books provide the member with a convenient monthly billing reminder that can used to make loan payments. These coupons can either be brought in person or mailed to any of our offices.
Online Services
FREE Online Banking
Access your credit union accounts 24 hours a day 7 days a week from your computer with our FREE Online Banking service, YourCU@Home.
- View your balances
- Transfer funds,
- Have a check issued to you
- Access up to 23 months of account history
- Setup various eAlerts to alert you when your balance reaches a certain point, a specific check number has cleared, and more
- Transactions completed in Online Banking will be real-time and reflected on your accounts immediately
- Create a Logon ID name (such as “Smith Account”) rather than entering your member number
- Give your accounts a name (such as “Vacation Savings”) so they’re easier to organize and manage
- Schedule future transfers and payments to be made automatically
- Send and receive secure messages with FECU staff
FREE Electronic Statements
Monthly statements are sent to members with qualifying transactions on their accounts. We can also generate statements based on the needs of the member whether it’s balancing their checkbook or verifying a deposit or a withdrawal. You can easily sign-up to receive Electronic Statements by logging in to YourCU@Home.
Discount Insurance & Investments
TruStage: Insurance the credit union way.
Insurance protection is part of a solid financial plan. From getting a good rate on coverage for your car to making sure your life insurance is adequate, dependable insurance coverage ensures financial relief when you need it. And along the way, you’ll take comfort in knowing you’re protected.
| Click on any product below to learn more: |
TruStage insurance products and programs help members protect what matters most. Backed by nearly 80 years of working in partnership with credit unions and their members, you’ll find products for life, car, AD&D, long-term care, home and more. TruStage offers straightforward information, real value and assurance. And it’s only for credit union members like you.
To learn more, get quotes or just explore, visit trustage.com.
© CUNA Mutual Group, 2012 All Rights Reserved
TruStage™ is a marketing brand used to identify products offered through CMFG Life Insurance Company and programs offered through CMFG Life insurance agencies to credit
union members.
CORP-1112-B43A
Partnership Discounts
A variety of offers, including GMC Preferred Pricing and Shop America online retailer discounts are available to FECU members at www.lovemycreditunion.org.
Payroll Allotment/Direct Deposit
Why wait in line to make your deposits? Or have a check get lost in the mail? If you receive a regular recurring payment like a paycheck, Social Security check, retirement payment, etc., chances are you can sign up for direct deposit and your check will be deposited automatically. With direct deposit you know that your check will be in your account hassle free.
Want a convenient way to make regular deposits to a share savings account or loan payment? Then payroll allotment/deduction is for you. You make the decision on how to handle your deposits and we can make it happen conveniently and simply. Talk to any credit union office for assistance.
Additional Services
- Cash Withdrawals – Any member with funds available can withdrawal cash at any of our offices. Funds may also be withdrawn through an ATM machine provided that they have a share draft account with funds available. There are certain limitations for cash withdrawals from an ATM.
- Payroll Allotment/Direct Deposit – Why wait in line to make your deposits? Or have a check get lost in the mail. If you receive a regular recurring payment like a paycheck, Social Security check, retirement payment, etc., chances are you can sign up for direct deposit and your check will be deposited automatically. With direct deposit you know that your check will be in your account hassle free.
- Want a convenient way to make regular deposits to a share savings account or loan payment? Then payroll allotment/deduction is for you. You make the decision on how to handle your deposits and we can make it happen conveniently and simply. Talk to any credit union office for friendly assistance.
- Coin Counting – This service is available at any of our offices to members who wish to have their coins converted. The Harding Hill office has a coin counting machine for the special convenience of our members.
- Notary Service – A notary service is available to all FECU members, at no cost, anytime during normal business hours at any credit union office. Just remember to bring your driver’s license for identification purposes. Remember not to sign the document to be notarized, this must be done in front of the notary.
- Travelers Cheques – The convenience and protection of American Express Travelers Cheques are available at all credit union offices. Several denominations are available. Traveler’s Cheques for Two are also available for a small fee.
- Cashiers Checks
- Cashiers checks are available at all credit union offices for a fee of $3.00 to members. Cashiers checks are issued in exchange for cash or a transfer from a member’s account.
- Telephone Transfers – Members who cannot make it into our offices can call us during regular business hours to transfer money between accounts or to request check withdrawals from their accounts. We require you to limit yourself to six such withdrawals monthly.
- Wire Transfers – FECU can electronically transfer funds to another financial institution for faster credit. We can also receive wire transfers. To wire funds out, please be sure to secure the proper wiring instructions and account number for the institution receiving the funds. Wire transfer requests place after 12:30 PM cannot be guaranteed to arrive the same day. Fee per transfer is: $20.00 outgoing domestic wire; $30.00 outgoing international wire and $15.00 for an incoming wire under $5,000.00.
- Transactions by Mail – For members who cannot make it to our offices, we can deposit checks, pay bills, withdraw funds by check or provide any other number of services. We however do not encourage sending cash through the mail.
- Drive Up Window at our Harding Hills office
- Night Depository at our Harding Hills office
- In Office VISA Payments – Every office can accept Federal Employees Credit Union VISA Account payments for our members who don’t want to go through the hassle and worry of mailing their payments. We can accept cash and check payments as well as make the payments directly from the member’s account via telephone, mail, or personal visit.
- VISA Cash Advances – Available to members who own a VISA Credit Card. All they have to do is come to any office and present their card, and if approved by VISA International, Inc. funds can be disbursed in our office. There may be some fees associated with this service from your cards’ issuing financial institution.
- Credit Report Checkups – Members are allowed to request an in-house copy of their credit report once a year without applying for a loan. Credit union staff will review the report with the member for correctness. However, copies of the reports may not be taken out of the office.
- Adventureland Ticket Discounts – As a benefit to our membership, we offer tickets to the Adventureland Amusement park at a discounted price and they are good through out the summer. Contact any office for details.