Checking Accounts
Union Federal has many different checking accounts from which to choose. The Association offers Negotiable Order of Withdrawal (NOW) accounts as well as Demand accounts. Listed below are the types of checking accounts offered along with a brief description of their features.
Standard Checking Account
The Standard Checking account is an interest bearing NOW account that offers a low minimum balance. Some of the features of this account are listed below.
- $200 Minimum Balance
- 24 Hour ATM/Checking Card Access
- Free Bank by Mail
- Variable Interest Rate
- Overdraft Protection Available
- Internet Banking Available
55 Plus Checking Account
The 55 Plus Checking account is open to all customers who are 55 years of age or older. It is an interest bearing NOW account that requires no minimum balance to be maintained. It has many wonderful features that are listed below.
- $200 Minimum Balance to Open
- No Minimum Balance to Maintain
- 24 Hour ATM/Checking Card Access
- Free Bank by Mail
- Variable Interest Rate
- Overdraft Protection Available
- Internet Banking Available
- Free Limited Personal Checks
- Free Traveler's Checks
- Free Notary Service
Economy Checking Account
The Economy Checking account is a great alternative for customers that have a harder time keeping the $200 minimum balance required with the Standard Checking account, and do not qualify for the 55 Plus Checking account. The features are listed below.
- $25 Minimum Balance to Open
- No Minimum Balance to Maintain
- Overdraft Protection Available
- Internet Banking Available
- $3 Monthly Service Charge
- 10 Checks per month with no fee
- $ .50 fee per check over 10 per month
VIP Checking Account
The VIP Checking account offers many of the same features of the 55 Plus checking account for customers that are not 55 years or older. It is an interest bearing NOW account, and is available to customers that maintain a minimum balance in Certificate of Deposit Accounts of $15,000. Some of these features are listed below.
- $200 Minimum Balance to Open
- No Minimum Balance if CD Balance is Maintained
- 24 Hour ATM/Checking Card Access
- Free Bank by Mail
- Variable Interest Rate
- Overdraft Protection Available
- Internet Banking Available
- Free Limited Personal Checks
- Free Traveler's Checks
- Free Notary Service
Student Checking Account
Union Federal offers a wonderful alternative to our traditional checking plans for students. This plan is designed to allow students the convenience and responsibility of a traditional checking account, while offering special features to help students learn how to balance a checking account. The plan is also designed to give students the flexibility to attend college out of the area without incurring large fees for banking remotely. Some of the features of this great plan are listed below.
- $25 Minimum Balance to Open
- No Minimum Balance to Maintain
- No Monthly Service Charge
- Free Bank by Mail
- 24 Hour ATM Access
- Internet Banking Available
- Free 1st Box of Personalized Checks
- Five "no Union Federal" charge ATM withdrawals per month
- Unlimited Free ATM Inquiries
- Unlimited Free ATM Deposits at Foreign ATMs
- Free Overdraft Protection transfers from Savings
