Share Draft (Checking) Accounts
A share draft (checking) account is available
to any Newrizons Federal Credit Union member in
good standing. The member is responsible to
Newrizons Federal Credit Union for any signers
on the account. Accounts may be opened for small
businesses or qualifying organizations of the
member. Members who receive a debit card must
accept the terms of this agreement. Newrizons
Federal Credit Union reserves the right to close
an account for misuse or negligence. The member
agrees to surrender their debit card if asked.
Deposits
Deposits can be made by:
- Cash or check in person, by
mail or night drop.
- Payroll deduction of a specified
amount or total payroll amount.
- Transfers from another account per
member request: in person, over the phone, on
ALICE (VRU) or by HOMEBANKING
(Credit Union activation required)
- ACH credit (Electronic Deposits,
Wires)
- Overdraft Protection
Transfers
Transfers
- Share or Draft transfers require
signed authorization. The exact amount is
transferred and a fee is charged to your
account.
- Loan Transfers require approval of
an Overdraft Protection Loan per the CU loan
guidelines. Transfers are in $50 increments
and a fee is charged to your account.
Debit card transactions are posted to the
account and overdrafts may be handled as a
deposit or transfer.
Dividends
Accounts earn dividends calculated on the
average daily balance, provided the average
balance does not fall below $500 at any time
during the month. Dividend rates are set monthly
by the Board of Directors and published on the
rate sheet.
Fees
The member is responsible for the following fees
according to the current Account Fee
Schedule:
- Printing of checks.· Overdraft
Protection Transfer fees
- Non-Sufficient Funds (NSF)·
- Returned items. Checks may be returned to
the payee if adequate funds are not
available. The member may be notified by
mail.
- Stop Payment Request
- Debit card replacement
- Debit card PIN replacement
- ATM transaction fees
Account Fee Schedule Click
Here
Statements
Statements are mailed monthly, or the
member may choose to have the statement option
on HOMEBANKING activated. Cleared checks
are not returned.
Order
your check-On
Line
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