White Oak or Carrick aren't convenient areas 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).

LIMITED TIME: Any family member of an Alcose Credit Union member wanting to become part of the Alcose family will receive an initial $5.00 deposit to a shares account and the $1.00 processing fee will be waived.

The minimum share balance required to be and remain a member is $25.00. Because this is a savings account, only 24 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 (Rates effective 1/1/2011)

	Balances up to $49,999.99	.30% APY*
	Balances from $50,000.00 & up	.75% APY*

	* Annual Percentage Yield

Dormant Accounts:

Credit Union accounts are considered dormant when there has been no activity or contact with the Credit Union for 2 years. The Credit Union has to pay maintenance fees on these accounts despite the fact that there has been no activity. Therefore, effective November 1, 2010, the Credit Union will begin assessing a $2.00 per month maintenance fee on dormant accounts with balances of $200 or less to help cover the cost of maintaining these accounts. Please keep in mind that if an account remains dormant for 5 years, the state of Pennsylvania considers the money in the account to be Unclaimed Property. At that time, the Credit Union is obligated by law to forward the money to the state.

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.