 A share draft account works much like a checking account. Open your account with $50.00. This covers the expense of your first draft order. After that, there is no minimum balance or per check charge. No matter how many drafts you write, the monthly service charge is only $2.50 per month.
If you qualify for a draft account, you may be able to have an ATM card at no additional charge. If you are eligible for an Instant Cash & Check Card, there is a $1.00 per month charge. Ask a staff person for more information on this service.
You will be sent a monthly statement. Draft accounts receive a .25% dividend. Dividends are compounded daily and paid monthly on the last day of the month.
Students with a student ID and seniors who are 62 years or older are not charged the monthly fee. Shop around and you will see this is a very competitive account. Remember, all Credit Union share accounts are federally insured to $250,000 by NCUA.
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