Emerald Credit Union offers regular share (savings) and share draft checking
accounts with debit cards and ATM access, IRAs, certificates,
Christmas club and other club accounts, money market accounts, vacation and back to school accounts.
Emerald provides real estate, home improvement, education,
consumer and auto loans, unsecured lines of credit, overdraft
protection and Visa credit cards. We also offer payroll deduction,
ACH (automated clearing house) direct deposits of payroll, pension
and Social Security checks.
Regular Share (Savings):
This is your basic savings account. There is no minimum balance
required other than the $5.00 membership deposit. Dividends are
calculated daily and posted quarterly. You need a minimum of $500.00 to
Money Market Accounts vs.
Club Accounts - Which One is Right
Money Market Accounts:
- Earns higher dividends. Minimum balance to earn
dividends is $2000.
- Best used for members with longer-term investment goals.
- Withdrawal restrictions apply - Minimum withdrawal amount is
$500 ($10 fee for less). Maximum of five (5) withdrawals
per quarter ($10 fee when exceeded).
- Earns same dividends as regular shares. Minimum
balance to earn dividends is $500.
- Best used for budgetary items, or when frequent withdrawals
- No withdrawal restrictions.
You only need $1,000.00 to open a Share Certificate at ECU. Terms
range from six months to 60 months.
You can choose term or variable rate IRA options at ECU. For your
safety and peace of mind, our IRAs are insured up to $250,000.00 per
account. ECU offers Traditional, Roth, and ESA (education savings
account). Please click on the links below for more information
about the IRA accounts that ECU offers, and for what might be best
Taditional IRAs - Answers to Your Questions
Roth IRAs - Answers to Your Questions
Roth IRA vs. Traditional IRA - Exploring Your IRA Options
Roth IRA vs. Traditional IRA - Taking a Closer Look at
Coverdell Education Savings Accounts - Answers to Your Questions
IRAs - Growing Your Savings During Every Stage of Life
Retirement Plan Rollovers - Rolling Your Way to a Better
Conversions - Moving Into a Roth IRA
Health Savings Accounts - Balancing Rising Health Care Costs
Christmas Club Account:
No minimum balance is required. These accounts pay out in October
each year. Dividends are paid quarterly, however, if you withdraw
funds prior to that time there will be no dividends paid.
Vacation Club Account:
Plan now for next year's vacation. No minimum balance is required
and there are no early withdrawal penalties. Dividends are
calculated daily and paid quarterly.
Back to School Club Account:
Start saving for the expected (and unexpected) expenses associated
with each new school year. Like our vacation club account, you can save
all year long, earn dividends and have the cash you need just in
time for school.
Simple, worry-free checking that gives you exactly what the name
suggests - a convenient checking account that's absolutely free of
monthly service charges and minimum balance requirements. We also
offer the added benefit of free online banking so complete financial
control is never more than a click away.
- No minimum balance requirement or monthly service fees
- Unlimited check writing and no per check charges
- Free Online & Mobile Banking -
- Free Bill-Payer service
- MasterCard Debit Cards
- Free teller transactions
- Overdraft protection available for those who “opt-in.”
- Call24 - 24/7 account phone access
MasterCard Debit Card
Apply for a MasterCard Check Card today and enjoy the ease and
convenience it adds to your life!
- Make purchases anywhere you see the MasterCard logo! The
MasterCard Debit Card acts like a credit card, but works like a
check to get you in, out and on your way, without all the hassles of
writing a check!
- No fee for point-of-sale purchases, and you also get the first
six (6) ATM transactions per month FREE!
- Access your cash anytime, anyplace with your MasterCard Debit
Card! Use it just like an ATM card to access either your checking or
savings account. Better still – use an Alliance One or MoneyPass® ATM
to complete your transaction with no additional service charge!
No Fee ATMs:
ATM machines with Star or Plus logos are accessible by our
members. ATMs in the MoneyPass® or Alliance One networks are surcharge
New and Used Auto Loans:
ECU offers new and used auto loans with fixed-rates and terms up to 72
months on new autos and 60 months on used autos.
Visa Credit Cards:
ECU offers low rate Visa Platinum Credit Cards exclusively
for our members. Credit limits range from $500.00-$20,000.00 with an
8.95%-24.95% annual percentage rate (APR) and a minimum payment that is
2% of your balance or $15.00, whichever is less. Every account includes Identity-theft
Protection, FREE 24-hour online access, On-line Bill Pay and Extra
Online Security Protection with Verified by VISA. ScoreCard points are
earned with purchases and
are an added features of our Platinum Credit Card.
Verified By Visa
Personal Loans/Line of Credit:
You have your choice of a personal loan or our Line of Credit (LOC). Our
personal loans offer low fixed rates and fixed terms. Our LOC allows you
to advance on a predetermined credit limit without reapplying. You can
do advances via in person or by accessing your account online and
deposit the advance directly to your ECU checking account.
For outdoor enthusiasts, ECU offers great fixed rates and generous
terms on boats, motorcycles, and recreational vehicles.
Share/Certificate Secured Loans:
ECU offers loans secured by the funds you have on deposit in a share
account or certificate. This is a good option for members trying to
establish credit. It also allows members with funds on deposit to borrow
instead of depleting your share account or cashing in your certificate.
You continue to earn dividends on the funds you have deposited even
though they are pledged as collateral on your loan.
Home Equity Loan:
ECU's 2nd mortgage program allows you to get money from your home to be
used for any reason - college expense, boat or car purchase, debt
consolidation, home improvements or your dream vacation. You may be
eligible to borrow up to 80% of your home's appraised value, less your
first mortgage balance. This is a fixed rate second mortgage with terms
up to 10 years. Home Equity Lines of Credit are available with low rates
tied to the current Wall Street Prime Rate. There are no fees on either
product when terms last beyond 36 months.
Online Banking -
- Online Banking is a FREE service, available 24/7/365
- Use free Bill-Payer services
- View account balance information and history
- Transfer funds between your ECU accounts
- Transfer funds between your ECU accounts and your accounts at
other financial institutions (fee may apply)
- Make loan payments
- View images of cancelled checks
- Export account information to Quicken® or Microsoft® Money
- Print out account information
- Fill out a loan application
- Receiving monthly e-Statements
Guaranteed Asset Protection Plus (GAP)
Here’s a question for you … if your vehicle is totaled or stolen, will
your insurance pay off your loan? Sure, most people think their primary
insurance will pay off their loan or lease balance; but, believe it or
not, that’s not the case. If your vehicle is totaled or stolen your
primary insurance carrier will typically pay the actual cash value
(current market value) of your vehicle less your deductible. This amount
could be substantially lower than your loan balance leading to a
financial GAP! What does a financial GAP mean to you? Unfortunately it
means that you have to pay the difference between your loan balance and
your insurance settlement, which could mean thousands of dollars out of
pocket! Imagine paying for a vehicle you don’t even own anymore! Could
you imagine? How frustrating! That’s where GAP, Guaranteed Asset
Protection comes in handy. In a nutshell, it eliminates the
out-of-pocket cost you would need to pay off your loan should your
vehicle be stolen or totaled. Ask us about
Maybe your life long goal isn’t just to get a new car or home
but rather making sure that your loved ones are financially secure.
Taking on a new loan means a new obligation. If you don’t increase or
supplement your existing protection, you could end up leaving your loved
ones with big balances – even if the inevitable happens like a disabling
illness, injury or even death. Debt Protection benefit actually
makes your monthly loan payment should you become disabled due to a
covered illness or injury. Payments continue until you go back to work,
the loan is repaid or you reach your policy maximum. Debt Protection
benefit also reduces or pays off your eligible loan balance should you die
from a covered accident or illness.