Adirondack Regional Federal Credit Union |
Credit Union Services
Basic information brochure
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Passbook Share (Savings) Accounts:
Open our basic share account with a deposit of only $5.00. Accounts with balances over
$10.00 earn monthly dividends.
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Share Draft (Checking) Accounts:
No monthly service fee if a minimum aggregate balance of $750.00 is maintained between
the share (savings) and share draft (checking) accounts. The monthly fee is also waived if
you have a direct deposit or payroll deduction coming into that account. If these conditions are not
met, the fee is only $3.50 per month. Funds are accessible with your Visa debit card, 24-hour
Audio Response and online Home Banking.
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Fun Zone Accounts:
Saving money can be fun! Our Fun Zone accounts teach children ages 0-12 how to save their money while
working toward a goal. For every $5.00 deposited into their account, children receive one Fun
Zone buck. Save bucks to buy great prizes at our branches.
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Young Adult and Senior Young Adult Accounts:
Our Young Adult and Senior Young Adult accounts teach fiscal responsibility. Checking accounts
are fee-free until members are 23 years-of-age. As members get older and learn more money skills,
they qualify for more services. Members can apply for Visa debit cards with a parent at ages 16-17
and alone at age 18.
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Business Checking Accounts:
We can meet your business needs too! Our business checking accounts offer favorable rates and
conditions. We do not charge check deposit fees, place a hold on business deposits or require minimum
balances. Monthly fees are $5.00 per month on business accounts with a balance below $5,000.00.
Fees are waived on accounts with a balance over $5,000.00. More information can be found
here.
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Christmas, Vacation and Tax Clubs:
Plan for your next vacation or holiday shopping trip with our savings clubs. Save a little bit
each payday or month for large purchases or your property taxes and withdraw funds when your
taxes are due. Accounts earn monthly dividends. Payroll deductions and automatic transfers
can help painlessly grow your savings club accounts.
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Certificates of Deposit:
Earn more dividends! Certificates of deposit offer higher interest rates with a minimum deposit
of $500.00. Terms range from 90 days to five years for maturity and auto renewal is available.
Children's certificates earn the same rates but only require a $250.00 minimum deposit.
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Uncertificate Accounts:
Want a better interest rate but need the flexibility of a savings account? Ask about our Share 15
accounts! This tiered-rate, interest-bearing account requires a minimum balance of $2,500.00 to earn
a plateau rate and offers money market-type rates and the liquidity of a passbook account.
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Individual Retirement Accounts:
Don’t wait until you retire to make plans; start saving now with an Individual Retirement Account.
We offer two types of IRAs: a certificate-type of account with minimum deposit of $1,000.00, or an
IRA savings-type of account that you can contribute to throughout the tax year.
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MasterCard Credit Cards:
There are some things money can't buy, for everything else, there's MasterCard. Get a variable rate
MasterCard through ARFCU and expand your purchasing power while earning great rewards. Reach MasterCard
customer service at 1-800-820-8302. Cardholder Services can also be reached online
at www.gotomycard.com. Report a lost or stolen card, check
your account balance, and more!
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Visa Debit Cards (ATM Cards):
Want to access your checking account with the convenience of Visa? We offer a Visa check card
that debits your checking account for point-of-sale purchases anywhere Visa is accepted worldwide.
This card also performs ATM transactions. Teens ages 16-17 can apply for a Visa debit card with a
parent joint on the account. Once teens turn 18, they can apply for a Visa debit card on their own.
Reach Visa debit card customer service at 1-800-472-3272 to report a lost or stolen card.
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Courtesy Pay:
Courtesy Pay prevents returned checks by allowing you to overdraw your checking account up to the
amount of your direct deposit, payroll deduction or $300. Covered items include: check clearings, in-house
checks received over the counter, ATM withdrawals, point-of-sale purchases and electronic (ACH) debits.
A $12.50 fee is charged for each transaction paid against insufficient funds. Fee subject to change.
This protection is free to members unless used. You must have a checking account and you must enroll at your local branch. Only one direct deposit attached to an account is available for Courtesy Pay. Courtesy Pay is only available on one account per person. If you have more than one account, you must choose which account receives Courtesy Pay. If you carry a negative balance for more than 30 days, ARFCU reserves the right to remove Courtesy Pay from your account. If there are insufficient funds in your savings account, overdraft line of credit and Courtesy Pay to cover the transaction, it will be returned. Upon reaching the transaction limit of six automated transfers per month set by Reg. D, Courtesy Pay will be activated. Alternative coverage includes share-to-share transfers (up to three per month) and/or a line of credit at 12.75% Annual Percentage Rate.
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Direct Deposit:
Don’t have time to come in and deposit your check on payday? We accept direct deposits for your
recurring payments (ex. paychecks, social security benefits, pension checks) through the automated
clearing house (ACH). Your funds will be deposited into your account so you don't have to worry about
late mail service or getting to the credit union before close. Ask your teller for enrollment forms.
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Payroll Deductions:
Make your loan payments or deposit funds into savings, checking or a club account without coming
into our office every payday. Payroll deductions are safe, easy and convenient. You can choose to
deposit just a portion of your paycheck. Sign up at your payroll office or the credit union.
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Audio Response:
The ultimate convenience in member services! Use a touchtone phone to access your account through
our telephone teller system from any location at any time. Check your balance or transfer funds 24/7.
You must have a checking account to access this system. Audio Response is free to members.
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Online Banking:
Another convenient way to access your account 24/7. Check your balance, make a loan payment or
transfer funds securely from your home computer. More information can be found
here. You must have a checking account to access this
system. Online Banking is free to members.
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Relationship Pricing
Relationship Pricing rewards members for using the credit union as their primary financial
institution. The different levels determine what benefits you receive.
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Level 1, Star Club
Requires share draft account, direct deposit, debit card, Audio Response, and an aggregate balance of
$10,000 on all accounts (including loans, share certificates, share draft, savings, clubs).
You receive: free checking and Bill Pay. 0.20% increases on share certificates and shares, 0.20% discount on loans, excluding lines of credit, mortgages, home equities and share secured. Level 2, Mountain Club Requires share draft account, direct deposit, debit card, Audio Response, and an aggregate balance of $7,500 on all accounts (including loans, share certificates, share draft, savings, clubs).
You receive: free checking. 50% off Bill Pay ($1.32 per month), 0.10% increase on share certificates and shares, 0.10% discount on loans, excluding lines of credit, mortgages, home equities and share secured loans. Level 3, Horizon Club Requires share draft account, debit card, Audio Response, and an aggregate balance of $7,500 on all accounts (including loans, share certificates, share draft, savings, clubs).
You receive: free checking. 50% off Bill Pay ($1.32 per month). Level 4, Air Club Requires share draft account, direct deposit, Audio Response. No required minimum balance.
You receive: free checking. 25% off Bill Pay ($1.98 per month). Level 5, Ground Club Requires share draft account, direct deposit. No required minimum balance.
You receive: free checking. Bill Pay is $2.65 per month. Information is accurate as of February 2009. Benefits are subject to change at any time. Member levels are adjusted at the end of each month. Relationship pricing levels are set for each account separately.
If you have any questions about Relationship Pricing, please call any of our five offices.
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Loans For All Reasons:
We offer personal loans to meet your needs. Approval usually takes 24 hours or less. New and used
auto loans, toy loans, home improvement loans, bill consolidation and personal lines of credit are
all available. Apply in person at one of our offices or online at any time.
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Mortgages:
We offer home equity loan advances with fixed or adjustable rates and closing costs are kept to a
minimum. Our turn-around time is generally only four weeks. We also offer conventional mortgages
for purchases or refinancing. These are mainly secondary market mortgages and must meet those standards
for qualification. Rates and closing cost estimates are available on request.
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Members BrokerNet (Discount Brokerage Service):
Don’t overpay for brokerage services. Members BrokerNet will provide you with sizable discounts on
regular full-service commissions as well as comprehensive service to assist you with the available
investment options.
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AlertMe Credit Bureau Monitor:
Identity thieves can strike at any time, steal your money and ruin your credit. Early detection can
save you thousands of dollars. AlertMe monitors your credit bureau file for suspicious activity or
changes that could indicate identity theft. Subscriptions are available on a monthly, quarterly or
yearly basis via automatic debit from your checking account. Annual subscriptions can be paid via
MasterCard or Visa.
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Secondary Services:
Money orders (Fee: $1.00 each)
Free cashier checks for members
American Express travelers cheques (Fee: $1.00 per hundred dollars in value)
Notary publics in Tupper Lake, Potsdam, Plattsburgh and Saranac Lake
Domestic and international wire services
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©2009, Adirondack Regional Federal Credit Union
mail to: information@adkcreditunion.com