Power Co-op Employees Credit Union

Savings / Checking

Savings

Dividend Rate - .75% as of 03/31/2017

Annual Percentage Yield - .7521%

APY accurate as of the last dividend declaration date. Prospective APY of .7521%.  Rates may vary after the account is opened.

Minimum balance to open an account is $5.00. An average daily balance of $5.00 must be maintained to earn the disclosed annual percentage yield. Fees may reduce the earnings on accounts.

Christmas Club Account

Dividend Rate-will be .50% higher than the third quarter dividend rate each year.

APY accurate as of the last dividend declarations date.  Rates may vary after the account is opened.   The dividend rate on the Holiday account will be .50% higher than the third quarter dividend rate each year.

No minimum balance requirements apply to this account.  However, all members must maintain a regular share account with a balance of at least $5.00.  No withdrawals may be made from this account without closing the account.  The dividend will compound and be credited annually, the balance of this account will be disbursed on or about October 31 of each year to the members regular share account.  If you close your account before interest is paid, you will not receive the accrued dividend.  There is a $10.00 early closure fee.

Checking

Notification for Debit Card holders

Due to current changes from Visa and our card processing company, we will no longer be reporting any debit card fraud that is less than $10 per transaction. The card company has also informed us that there are no guarantees that money will be refunded for card fraud less than $25.00.This is unfortunate as we try to help our members when they experience fraud. Our #1 priority is to protect our membership.
We recommend that you are vigilant and watch your account for suspicious activity.  If you receive a call from someone saying they are calling on behalf of us about possible fraud on your card, please talk to them.  They are trying to help you.  If you feel uncomfortable or apprehensive, then hang up and call the number on the back of your card.  Tell them you have received a call so they can look at the call history.  As soon as you see card fraud call the number on the back of your card to report fraud.  Do not wait for us to be open. We must all be aware, scammers are everywhere!

 

Dividend Rate-.25%

Annual Percentage Yield-.25%

APY accurate as of the last dividend declaration date.  Prospective APY of .25%.  Rates may vary after the account is opened

Minimum balance to open an account is $25.00. An average daily balance of $1000.00 must be maintained to earn the disclosed annual percentage yield. Fees may reduce the earnings on accounts. A $1.00 per month fee for a debit card may apply if average daily balance in checking account is less than $1000.00.

No monthly service fee-or per check fee, allows you to use more of your money for bills and other expenses.

No minimum balance-We know sometimes things get tight and it may be difficult to meet a minimum balance requirement as is frequently required by some other financial institutions.

VISA check cards-are available with your account.  Whether it is used to get cash at and ATM or to make a purchase, our VISA check cards are fast and easy to use. You are allowed 20 pin transactions per month.  After that they are $1 each.  However, you can say "credit" when making a purchase and sign your name (instead of using a PIN) as often as you like.

Overdraft Protection-Available through a transfer from savings or an overdraft protection loan.  ODP may save you the expense of a returned check.  There would be a $2 transfer fee instead of a $25 returned check fee.

Free online access- PCCU@Home is available through our website www.PowerCoopCU.com.  When you sign up you will be able to view account balances, make transfers between savings and checking, make loan payments to the credit union, and view cleared checks, all from the comfort of your home or while traveling.  View our Mobile App page for more details about the PCCU mobile app.

Check out our Fees page to learn about fees that may be associated with your account.

 

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