“Membership has its benefits”, is what we like to say. Discover the many benefits of membership and the range of services available to members of Wyochem Federal Credit Union. Wyochem is committed to meeting the financial needs of its member-owners.

Share Draft Accounts (Checking) – Why pay high bank fees? You can have a checking account with us for FREE – which adds up to big savings for you. You’ll pay no monthly fees, no transactional fees, and no per-check fees. Also, debit cards are available for qualifying members.

Share drafts look like ordinary checks and are accepted like ordinary checks but they have several big advantages. We’ll automatically transfer available funds from your primary savings to your checking to cover overdraft three times a month for free, then your pre-qualified overdraft protection loan will kick in.

Each month you will receive a monthly statement showing your beginning balance, all checks cleared, and all deposits made on your account. Canceled checks are not returned; instead you have a duplicate copy of each check written right in your checkbook. Balancing is easier with duplicate copies all in the correct order.

Regular Savings Account – The first $5 in your savings account is your member share, which makes you a member of the credit union and allows you the right to vote for the Board of Directors. Dividends are calculated on a daily basis and paid quarterly. A $25 minimum account balance is required to keep your account open and active. The best time to start saving for the future is now so Wyochem offers secondary share accounts, Christmas Club Accounts and Certificates of Deposit at some of the best rates around.

Share Accounts – This is our name for a savings account, and is the basic account of the credit union. You earn a rate of interest that is set by the Board of Directors and reported on your quarterly statement. The National Credit Union Administration (NCUA), a U.S. Government agency, insures your share account up to $100,000. So you can rest easy.

Club Accounts – A great way to save for the holidays or vacation. Club accounts receive a higher rate of interest but are restricted in the number of withdrawals allowed per year. Make regular deposits into a club account and your money will be there right when you need it.

Secondary Share Accounts – Looking to purchase a new truck in the future? Set aside a special savings account just for that purpose. Sub accounts can be made for any purpose you can think of…like a down payment on a house or a car.  For whatever reason, you can have as many sub accounts as you need—for free.

Savings Certificates – Save for the long term with our competitive rates. These accounts lock in your interest rate for periods ranging from three months up to five years; it’s your choice. There is a minimum deposit of $500 required, but there is no maximum balance. Interest earnings are listed on your quarterly statement. Early withdrawal penalties may apply.

Individual Retirement Accounts – IRAs can be a great way to save on your taxes today while building toward a comfortable retirement. An individual can deposit up to $5,000 per year as allowed by law. We offer a variety of IRAs designed to meet your future savings needs. Prepare for a bright future with a Traditional, Roth, or Educational IRA.

No minimum annual deposit required. No set up fee. Earn a high rate of interest. Regular deposits into an IRA can build quickly toward a financially secure future. The maintenance fee is only $10 per year. For information, call our office.

Get access to your account 24 hours a day with our automatic Web Teller. Safe Internet access gives you instant information on your account with the click of your mouse. The Web Teller is updated every night about 6:00 pm. You can check your balances on all accounts and loans. You can also e-mail the credit union with requests for transfers or loan payments.

Loans – We offer a wide range of loans for a variety of purposes at low rates with convenient re-payment plans and terms. Because we exist only to serve our members and have no stockholders taking away earnings, we can charge less for our loans than our bank competitors and the best news is you benefit through lower rates with less loan fees.

Your credit union can provide loans for any worthwhile purpose, and because we are member owned, our rates are generally lower than other financial institutions. New or used, secured or unsecured, we can tailor your loan to meet your needs. We offer the following loans:

• Auto
• RV, Motorcycle, Boat
• ATV, Snow Machine, Watercraft
• Signature
• Lines of Credit
• Deposit Secured
• Home Equity Line of Credit (HELOC)

Loan Protection – Loan Protection insurance is available on all new loans. Coverage fees are much lower than those offered by other institutions. Credit Disability provides coverage for unexpected medical emergencies that last longer than 30 days. Credit Life provides coverage for your loved ones in the event of your death. Protection for you and the ones you love just makes sense.

Ah, the good life… you’ve earned it. Your pursuit of the good life just got easier with a credit union VISA.  No annual fee. No cash-advance fee. It includes Travel Accident Insurance and Emergency Card Replacement. Use your credit union VISA anywhere VISA is accepted.

• Direct Deposit and Payroll Deduction
• Free Debit and ATM Cards
• Certificates of Deposit (share certificates)
• IRAs
• Free Credit Disability and Life Coverage on Loans
• Discounted Rates on Recreation Center Program
• American Express Traveler's Cheques
• Money Orders
• Wire Transfers