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White Oak isn't a convenient area for you? Don't worry! Alcose has added Home Banking, BillPay, and E-Statements to our list of services.
To become a member of Alcose Credit Union:
You must fall under our field of membership. View
Who Can Join
If you leave our field of membership or retire, you don't have to close
your account. REMEMBER: Once a member –
always a member.
Regular Share (Savings) Accounts
The first step to join is to open a Share Account. An initial deposit of $6.00 is required ($1.00 membership fee and $5.00
deposited into the new share account).
The minimum share balance required to be and remain a member is $25.00. Because this is a savings account, only 12 withdrawals are permitted per year. The minimum amount per withdrawal is $50.00.
FYI: All changes
to member accounts must be submitted in writing.
The USA Patriot Act
requires Identity Verification for all new accounts
Banks are profit driven because
they must answer to stockholders. The Credit Union is owned by its
members and is a not-for-profit institution. Come learn the benefits of
being a credit union member, become an owner, and grow with us.
Dividends on Share Accounts:
Alcose Credit Union utilizes a tiered structure for paying dividends on
shares.
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Balances up
to $9,999.99 |
.75% |
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Balances from $10,000.00 to
$24,999.99 |
1.00% |
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Balances from $25,000.00 to
$49,999.99 |
1.25% |
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Balances from $50,000.00 to
$99,999.99 |
1.50% |
Share Draft (Checking) Accounts:
Share Draft Accounts are checking accounts. They feature:
No Minimum Balance
Payroll Deduction/Direct Deposit Available
Free Checks for Members 65 or Older
First 50 Checks Free
Visa Debit Cards
Duplicate Checks
Overdraft Protection
Christmas Clubs:
Any member may open a Christmas Club at any time. There is no minimum deposit required in the club. Dividends on Christmas Clubs follow the same tiered structure as Share Accounts. Christmas Club checks are automatically issued sometime between October 1st and October 10th each year. No withdrawals are permitted at any other time.
Vacation Clubs:
Any member may open a Vacation Club at any time. There is no minimum deposit required in the club. Dividends on Vacation Clubs follow the same tiered structure as Share Accounts. The member is permitted 2 withdrawals per year.
Summer Savings Clubs:
Any member may open a Summer Savings Club. There is no minimum deposit required in the club. This club was designed for members not receiving a paycheck during the summer. Dividends on Summer Savings Clubs follow the same tiered structure as Share Accounts. One half of the balance goes out on July 15th and the other half goes out on August 15th. No other withdrawals are permitted.
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