A REAL ADVANTAGE; FREE CHECKING FOR EVERYONE*
- No Service Charge
- No minimum balance
- Dividend paid on average daily balance
- Available to members over 19
- No cut off time - deposits made by closing, credited same day**
- No restrictions on number of checks written each month
- Monthly statements
- Direct deposit available
- Overdraft protection available - up to six auto transfers from savings and/or rollover loan
- Order checks on line
*all requests for checking are verified through Chexsystems before the account is opened. Initial deposit of $50 to open account.
** same day credit does not apply to items deposited in night drop after daily cut-off time.
Special Summer Vacations come true with Mobile Educators Vacation Club
- Make deposits thru payroll deduction, automatic transfer or over the counter
- Club year begins June 1 matures following May 31.
- Open any time
- Automatically renews, you can make changes anytime
- Earns interest
- $25 fee to close early
- Contact any office to open your club today
No Vacation Club this year? No worry Mobile Educators has a special "Vacation Loan" apply now then get ready to pack.*
*Subject to credit approval
CHRISTMAS CLUBS will solve that "Bah Humbug" feeling every December
- Make deposits thru payroll deduction, automatic deduction or over the counter
- Club year begins November 1 and matures the following October 31
- Open any time
- Automatically renews each year, you can make changes any time
- Earns interest
- $25 fee to close early
- Contact any office to open your club today!
Still need money try Mobile Educators' "Christmas Loan Special" it is as easy as clicking on loan application.*
* Subject to credit approval
Individual Retirement Accounts (IRA's)
Saving for your future is easy. Mobile Educators' Credit Union offers traditional and ROTH IRA's. There is a minimum deposit of $100 required to open an IRA. Interest is paid and compounded quarterly to your IRA account. There's also a possibility that you can deduct part or all of your IRA contribution from your taxes. Regardless of the tax deductibility of your IRA contribution, all earnings are tax-free until you withdraw funds.
The federal government may impose a penalty for early distribution from your IRA. Mobile Educators does not impose a penalty to close or transfer your IRA to another financial institution.
