Accounts

Accounts

Product Overview
The Credit Union offers regular savings and share draft checking accounts with debit cards and ATM access, IRAs, certificates, holiday club accounts, vacation and back to school accounts. The Credit Union 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 Savings
This is your basic savings account. There is no minimum balance required other than the $5 membership deposit. Dividends are calculated daily and posted quarterly. You need a minimum of $100 to earn dividends.

Share Certificates
You only need $1,000 to open a Share Certificate at EGCU. Terms range from six months to sixty months.

IRA Options
You can choose term or variable rate IRA options at EGCU. For your safety and peace of mind, our IRA is insured for $250,000 per account. EGCU offers Traditional, Roth, and ESA (education savings account).

Holiday Club Account
No minimum balance is required. These accounts pay out every October of each year. Dividends are paid quarterly, however, if you withdraw funds prior to that time there will be no dividends paid.

Vacation 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 Account - NEW
Start saving for the expected (and unexpected) expenses associated with each new school year. Like our vacation account, you can save all year long, earn dividends and have the cash you need just in time for school.

FREE Checking
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 that a click away.

• No minimum balance requirement or monthly service fees
• Unlimited check writing and no per check charges
• Free Online Banking - Emerald24
• Free Bill-Payer service
• Mastercard® ATM/Debit Cards
• Free teller transactions
• E-Statements
• Overdraft protection available for those who “opt-in.”
• “Call24” -  24/7 account phone access

Mastercard® ATM/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® Check 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 get your first eight ATM withdrawals per month FREE!
• Access your cash anytime, anyplace with your Mastercard® Check 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!

Mastercard SecureCode 

New and Used Auto Loans
EGCU 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
EGCU offers low rate Visa® Classic and Platinum Credit Cards exclusively for our members. Credit limits range from $500.00-$10,000.00 with an 9.95%-19.95% annual percentage rate (APR) and a minimum payment that is 2% to 3% of your balance. 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 and product protection are 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 EGCU checking account.

Boats/Motorcycle/RV Loans
For outdoor enthusiasts, EGCU offers great fixed rates and generous terms on boats, motorcycles, and recreational vehicles.

Share/Certificate Secured Loans
EGCU 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.

CU-Thru Cash Advances
Do you need a fresh start? Turn your credit around with this loan. By making regular payments on time, you potentially improve your credit score while establishing a savings plan.

Home Equity Loan
EGCU'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 - Emerald24:

• 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 EGCU accounts
• Make loan payments
• View images of cancelled checks
• Export account information to Quicken® or Microsoft® Money software
• Print out account information
• Fill out a loan application
• Receiving monthly e-Statements
• Access your account from anywhere using EGCU Mobile Banking

Insurance Products

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 GAP today.

Credit Disability and Credit Life Insurance
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. Credit Disability Insurance 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. Credit Life Insurance reduces or pays off your eligible loan balance should you die from a covered accident or illness.

No Fee ATM Machine:
ATM machines with Star or Plus logos are accessible by our members. ATMs in the MoneyPass or Alliance One networks are surcharge free.

Emerald Status

Eligibility
Members can earn an advantage on financial product pricing by expanding their relationship with Emerald Group. Participation in a minimum number of the following products or qualifying factors at acceptable levels will qualify members to belong to the Emerald Account. A maximum benefit is earned with two of the following:

• Active VISA card with minimum line $1,000
• Share draft account with active debit card
• Share draft account with 20th-of-the-month Sweep

Club Benefits
Club members receive up to 0.10% (10 basis points) on certificate rates deposited after eligibility is met. In addition, club members will receive a discount of up to 0.50% on various loan products.

Win/Win
Emerald Account benefits help members reach their financial goals more quickly. As members increase their use of credit union products, the entire membership benefits.