|
 SAVINGS ACCOUNTS:
From Regular Savings to our special savings accounts, our members may select which type would fit their needs. Our Savings accounts earn competitive dividends and are federally insured up to $100,000.00 by the National Credit Union Administration (NCUA) a U.S. Government Agency.
REGULAR SHARES ACCOUNT:
A Regular Share savings is the first step to membership and require a minimum deposit of $5.00. To be eligible for dividends, you must maintain $5.00 for the dividend period. Once you have a savings account, members of your immediate family and any members of your household can take advantage of the benefits of Shoreline Federal CU.
SPECIAL SAVERS ACCOUNT:
Would you like to save extra money separately from your Regular Savings? We have the account for you. Special Savers account lets you do this and still pays competitive dividends.
VACATION CLUB ACCOUNTS: ACCOUNT RUNS FROM JUNE-JUNE:
Would you like to set aside extra money for vacation? Join our vacation club. Like most things, it isn’t easy to have extra cash ahead of time to cover vacation expenses, our solution: open a vacation account instead of using high interest credit cards. By taking advantage of this account, it may make your vacations worries disappear. Dividends will be paid on June 1st.
HI-YIELD ACCOUNT:
This account receives more dividends with a higher rate of interest. By maintaining $105.00 in your Regular Shares account you can open a Hi-yield savings account and let your money earn more in this account. If the regular share balance falls below the required $105.00 minimum balance the funds in the Hi-Yield will be transferred to the regular shares and the Hi-Yield will be closed.
 CHRISTMAS CLUB ACCOUNT: ACCOUNT RUNS FROM OCTOBER-OCTOBER:
We can never have enough cash for the holidays, so join our Christmas Club and save. You may deposit or easier yet, have payroll deduction deposit into this account. Put in as much as you like to make your Holidays a little merrier. Dividends will be paid October 1st and the balance transferred the same day to your Regular Savings account. Then start your Holiday shopping.
ESCROW SAVINGS ACCOUNT:
Members can now save for taxes and insurance when they have a Home Equity Loan with us. We will pay your taxes & insurance out of this account when they come due. No need to worry about not having money to cover these expenses. Your escrow account will take care of this.
CHECKING ACCOUNTS:
 When it comes to Checking accounts, your Credit Union has the best value:
- No minimum balance required
- No monthly service fees
- Unlimited check writing
With a Shoreline checking account, we offer direct deposits, bank by phone and by mail, and worldwide ATM service.
We have duplicate check design, so there is a copy of every check written for your record keeping. For a small fee, we can provide a copy of a cleared check.
We have a variety of check designs and styles to fit any budget. With our great services open a checking account today!
IRA ACCOUNTS:
Now is the time to plan for your financial future. Your Credit Union has traditional IRA’s as well as Roth and Educational IRA’s to help you create a retirement account through a tax-deferred saving’s plan.
 Penalty-free distributions are permitted for education and first-time home purchases.
Roth IRA’s or Education IRA’s are not tax deductible, but they do offer tax-free earnings.
For additional information, contact our office to learn about our IRA programs.
SHARE CERTIFICATE ACCOUNTS:
Your Credit Union offers share certificates, which earn a higher rate of interest than Regular share accounts.
Share Certificates require a minimum deposit of $1000.00 ($500.00 increments thereafter) with term limits of 6,12, 24, and 36 months. Dividends earned monthly are posted to your Regular share account.
When your Share Certificate matures, it will automatically renew at whatever the rate is at the time. A letter will notify you of the new rate of interest and you will have a 10-day grace period to withdraw funds without a penalty charge if you elect not to keep your Share Certificate.
VISA CLASSIC CREDIT CARD:
 We offer a Visa Classic @ 9.99% fixed APR with no annual fee. A 25-day grace period applies to all purchases.Transfer high rate credit card balances to your Shoreline Visa Classic credit card and start saving with our low fixed rate. Maximum line of credit is $5000.00
VISA PLATINUM CREDIT CARD:
We offer a VISA Platinum @ 7.99% Fixed APR with no annual fee. A 25-day grace period applies to all purchases, ATM advances are also 7.99% APR but interest starts the day of the advance. Score card bonus points for rewards. $1,000,000 Travel Accident Insurance.
MASTER MONEY DEBIT/ATM CARD:
 Your Master Money Debit card can be used Worldwide wherever MasterCard is accepted. When purchasing items from a merchant simply use like a credit card and it will be automatically deducted from your checking account. The only time you will need to use your pin is at an ATM machine to withdraw money.
ATM CARDS:
 Access our account by using your regular ATM card and your personal identification number at an ATM machine that accepts NYCE and Cirrus. You can make deposits, make cash withdrawals, and transfers. The card may be limited for Point-of –sale purchases on a nationwide basis.
Shoreline Federal Credit Union has their own ATM machine and the networks they honor are NYCE (formerly Magicline) and Cirrus.
Contact our Credit Union regarding the excellent number of withdrawals we offer.
AUDIO RESPONSE (TOUCH-TONE TELLER)
Shoreline Federal Credit Union’s Audio Response system is available 22-hours a day, 7 days a week by way of any touch-tone phone, and this service is fee-free. With this service you are able to access your accounts, receive member services, and CU information and financial calculations. There is a local access phone number as well as a toll free number when calling out of the area.
|
