We have great news! Not only do we have a checking account that offers cash back rewards and ATM fee rebates, but coming very soon, we will introduce a checking account that pays 4.99% APY!
A few years ago we introduced a More-Than-Free Checking account. We knew that free checking accounts were becoming less common and more and more banks were increasing minimum balances and charging fees. Not only did we seek to offer a free checking account, but we decided to pay our members to use it by giving them ATM rebates up to $10 each month and 50¢ cash back on qualified debit card purchases up to $15 per month. All this with ZERO monthly service charges or maintenance fees, and no minimum balance requirements!
Since introducing our More-Than-Free Checking account, we’ve enrolled over 3,500 members and on average refund $7.00 per month per member. It’s a great account with excellent perks and I encourage all of you to click here to find out more.
We’re always looking for ways to reward those who use us for all of their banking needs, which is why we’re going one step further. This summer we’re introducing our 1st Choice Checking account that pays 4.99% APY on checking account balances when the easy qualifications of the account are met. The account also offers other perks such as:
0.25% APY increase on new and renewed certificates
0.50% APR discount on consumer loans
And of course there are no monthly service charges or maintenance fees, and no minimum balance requirements! Stay tuned for more information in the coming weeks!
Credit unions have become known for free checking, and as you can see, we’re determined to continue to exceed expectations. In fact, a recent Bankrate survey reports that the percentage of free checking accounts at banks has dropped from 65 percent to just 39 percent from 2010 to 2012. More banks are charging fees on checking accounts now that they face more pressure on both revenue and cost.
We are a community financial institution with an understanding of our members and their financial needs. Our goal is to build a relationship with those who bank with us. We want our members to use all our products and services and think of us any time they need a loan or just a better way to bank. We’re better than big banks for a lot of reasons. We offer the same array of services, from online bill pay and electronic deposits to instant issue debit cards, mortgages, auto loans and credit cards, at much lower costs than big banks. Our fees are also substantially lower and we don’t make our members feel as though they are being nickeled and dimed.
We want to make sure we are always finding ways to improve our members’ financial lives! We appreciate the opportunity to serve our members and the community as a whole. I encourage you to feel free to reach out to me anytime.
President and CEO