REGULAR SHARE SAVINGS ACCOUNT
This is the initial account that you are required to open, with at least a $10 deposit, to become a member. You can also have up to two other share savings accounts for special savings purposes (college, taxes, vacation, etc).
CHRISTMAS CLUB ACCOUNTS
Save as little or as much as you want. Christmas Clubs offer you flexibility with an open withdrawal period between October 1st and December 31st. Take unlimited withdrawals during this time period without a penalty.
VACATION CLUB ACCOUNTS
Save for a weekend trip or a tropical getaway. Members can take advantage of two penalty free withdrawals per calendar year.
Share draft accounts, or checking accounts, can have an unlimited number of checks written on them. Electronic automatic deductions can be arranged as well as direct deposits. Enjoy the convenience and savings with these great features:
- No monthly service fee
- No per check charge
- No minimum balance
- Online banking
- Free Online Billpay
- Free overdraft privilege service
- Automatic transfers from Share account to cover overdrafts
- Free E-statements
- ATM/Debit card
- Check copies may be obtained through online banking at no additional charge
Please note that to be able to provide all these features at a low cost that you do not receive the paid checks back. If needed, you are able to order a copy of a check for a small fee.
ATM cards can be used at an ATM for cash withdrawals on your credit union savings account. Limits are $500.00 per business day.
VISA Debit cards can be used anywhere VISA is accepted and conveniently deducts the funds from your credit union account. Limits are $500.00 per business day for ATM withdrawals and up to $2500.00 per business day for debit card purchases.
This is a term (6,12, or 24 months) account that earns a higher dividend (see rates) than share accounts. The minimum balance is $1,000. There is a penalty for early withdrawal.
This is one of the easy ways to save for retirement. Bloomington Municipal Credit Union offers Traditional, Education, and Roth IRA share savings.
MONEY MARKET SHARE ACCOUNTS
This account requires a $2500 minimum balance with only three withdrawals or transfers per month. These accounts earn a higher yield (see rates) than share accounts.
All Bloomington Municipal Credit Union share/savings and investment accounts are safe and secure as they are insured for up to $250,000 by the National Credit Union Administration (NCUA), an agency of the United States Federal Government.