SAVINGS
Regular Shares | Special 30 Shares | Vacation Club | Christmas Club | Share Draft (Checking)
The credit union has many varied types of
savings accounts available to our membership. Each account
carries a different purpose and may carry a different rate and
requirements. It is important that members of the credit union
learn to consistently save a portion of their earnings in some
type of savings account. When you make an effort to save some
of your earnings you will put yourself on the road to
financial independence. If you have children, it is a good
idea to start a credit union savings account for your children
when they are young and add a small amount each payday. You
can also teach them to add to this account when they are old
enough to earn their own money. So if you have not saved in
the past - today is the day to start. You may borrow against
several types of savings accounts at a reduced rate of
interest. Remember, payroll deduction is a painless way to
save.
Regular Shares
This account is your main savings account and you must
maintain at least $5.00 MINIMUM BALANCE in this account to be
a member and use any of the other credit union services. This
account is a liquid account so it's the account in which you
will probably want to keep monies that you may need in the
near future. Dividends on this account are credited monthly
and posted to your account on the 1st day of each month.
This account is available to be pledged on a Share Secured
Loan. Click here to view the
rate on this account. You may have a Star®Card with this
account, if you are a member is good standing. THIS ALLOWS THE
CREDIT UNION TO BE AVAILABLE 24 HOURS A DAY. YOU MUST
APPLY FOR THIS CARD.
Special
30 Shares
This account is not for all members, but
we found that members liked to put money away for their City
Taxes, Real Estate Tax, Home Owners Insurance, a new
appliance, down payment on a home or car or a hundred other
reasons. This account allows you to set money aside in the
Special 30 Share Account for a specific purpose when you don't
want to co-mingle your regular savings. This account can help
you budget better for those future financial situations that
occur quarterly or semi-annually and drain your regular
shares. The minimum deposit to open this account is $1.00 and
dividends are credited monthly and posted on the 1st day of
each month. Click here to
view the rate on this account.
Vacation Club
This account is
offered for those members who want and need a vacation and it
is important that the funds are available when it's time for
vacation. The Club offers a systematic savings plan to give
you the secure feeling that when you make your reservations
for that dream vacation or that long weekend away you have the
money to enjoy yourself. Automatic transfer from your share or
draft account makes sure the dream vacation is not a
nightmare. You can call the office to have your vacation club
account opened and the proper papers sent to your home. The
minimum deposit to open this account is $1.00 and dividends
are credited monthly and posted on the 1st day of each
month. Click here to view
the rate on this account.
Christmas Club
This account is
offered to those members who want to be worry-free when it's
time to do their holiday shopping. Everyone knows how the
holidays just seem to creep up on you and your wallet. This
Club keeps you focused on your goal of financial independence
by automatically transferring funds from your share or draft
account each pay period to your Christmas Club. Next year when
it's time to go shopping you will be able to "pay cash" for
all your purchases and save money by taking advantage of cash
sales and no interest on a credit card. You can call the
office to have your Christmas Club account opened and the
proper papers sent to your home. The minimum deposit to open
this account is $1.00 and dividends are credited monthly and
posted on the 1st day of each month. Click here to view the rate on
this account.
Share Draft
(Checking)
Need a great checking account? Come in
and open a CPECU share draft account. The drafts you write are
carbonized, so you won't ever have to worry if you forgot to
enter the draft in your register - you can look at the copy.
If you sign up for direct deposit of your paycheck, you are
eligible for 360 personalized checks per year and an ATM card.
There is no "per item" charge for drafts posted and a very
small monthly fee. There is no minimum balance, but a $5,000
balance is required for dividends on this account, which are
credited monthly and posted on the 1st day of each month.
The requirements for a Master Money® Debit Card are an
active share draft account. You can carry your credit union
wherever you go with a Master Money® Debit Card. Sign up
today! Click here to view the
rate on this account.
THREE WAYS TO
REORDER SHARE DRAFTS
There are three convenient
ways to reorder your share drafts, but if you need to change
your Name, Address or Telephone number, you can only use
OPTION 1. Several members have used OPTION 2 AND/OR 3 and
their drafts were returned to the credit union at a cost of
$4.05 per box. When you use OPTION 2 AND/OR 3 the Name,
Address and Telephone number will be printed on the Share
Drafts as shown on the order form. Members will be charged for
the cost of returned share draft boxes.
- OPTION 1 (In person, Mail or Fax)
Stop in, mail or
fax your reorder form and note any changes required. This
reorder form must contain your signature on the form. The
order will be placed the same day if received by 3:00 p.m.
- OPTION 2 (Internet)
Sign in on www.cpecu.com, then
click on WEB PAL II, sign on the WEB
PAL II with your account number and PIN, click on
Transactions, click on Reorder Drafts. You must have your
reorder form available; you will need information from this
form to complete the reorder process. Remember you should
not use this option if you need to make changes to your
Name, Adddress or Telephone Number. You must use OPTION 1
for these changes.
- OPTION 3 (Toll Free Direct Reorder)
Call
1-877-585-8777 to place a reorder over the phone. You must
have your reorder form available; you will need information
from the form to complete this process. Remember you should
not use this option if you need to make changes to your
Name, Address or Telephone Number. You must use OPTION 1.
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Equal Housing Opportunity