A Share Draft (checking) Account provides you with the flexibility and convenience you require from a checking account.

Advantages of a MCEFCU Share Draft Account include:

• No monthly service charge
• No minimum balance requirement
• No per check charge
• Daily dividends posted quarterly on accounts with a minimum of $100.00
• Monthly itemized statements
• Carbon copy checks
• Payroll and ACH automatic deposit
• Overdraft transfer protection
• MasterCard Debit Card availability

Christmas Club Accounts – You decide the amount you want to save in this account. Regular deposits to your Christmas Club Account add up over the months and earn the same rate dividends as a regular share account. Checks are usually issued the second week of October and automatically renew for the next year.

Sub-Accounts are great for saving for vacations, taxes or anything you might decide to save for. These accounts also earn the same rate as the regular share account.

DIVIDENDS

Since each member is a Shareholder in the Credit Union, interest earned on shares (savings) is referred to as dividends. Due to the financial soundness of MCEFCU, our share accounts have earned better than average dividends. Dividends are calculated on the daily balance and paid the accrued dividends quarterly.

INSURANCE

Each member’s savings are insured up to a maximum of $100,000.00 by the National Credit Union Administration, an independent agency of the US Government. Credit Unions take extreme pride in the strength, stability and excellent financial condition of the Share Insurance Fund, which is funded by participating Credit Unions and is without benefit of taxpayer funding.