Products

Share Savings Membership Account

• Minimum Deposit of $100.00, this includes $1.00 new membership fee and $25.00 retention amount (Effective August 29, 2014)
• Minimum Balance of $50.00 required on share savings account to earn interest
• $25.00 fee may be invoked if new accounts are closed within 90 days of opening (Effective October 1, 2014)
• Any returned statements (with no forwarding address) $15.00 fee (Effective September 1,2017)
• Dormant Account Fee (if applicable) - $10.00 per Dormant Account/Per Month (Effective March 1, 2013)
• Garnishment/Levy Processing Fee - $75.00
• $3.00 Paper Statement Fee per Applicable Cycle – Effective September 30, 2023
• We encourage members to sign up for E-statements through Internet Banking to avoid fee

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Super Saver Account

• Minimum Deposit and balance of $25.00
• Currently Calculates interest on a daily balance and posts quarterly
• Minimum Balance to earn projected rate is $50.00
$0.00 - $1499.99      .10%APR       .10APY
$1500 - $9999.99     .15%APR       .15APY
$10,000 And Over     .20%APR       .20APY

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Christmas Club Account

• Minimum Deposit and balance of $25.00
• Terms and dividends calculated same as Share savings account
• Funds will be automatically transferred into 001 (Savings) account approx. 2nd week in November

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IRA Account

• Minimum balance on this account is $100.00
• Anticipated Dividend Rate .25% APR (.25% APY)
• Calculates on daily balance and posts quarterly

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• No Monthly Service charges
• Cost of checks ordered will be drafted from account (basic checks qty 90)
• Cancelled Checks are not returned with statement/duplicate checks are recommended
• Check images are visible through internet banking services
• If at any time you need a copy of a cancelled check, a copy will be provided as far back as 7 years, you may be charged $3.00 per copy
• Stop payment fee - $30.00 (Effective September 1, 2017)
• Overdrafts - $35.00 (Effective October 1, 2014)
• Wire Transfers - $30.00 (Effective September 1, 2017)
• Internet Banking/Bill Pay - $5.00/Monthly
• Garnishment/Levy Processing Fee - $75.00

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Signature Loan Limits

• Eligible for personal loans after 90 days of membership
• Member 90 days – 1 year $1,700.00 @ $60.00 per month
• After 1 year $3,500.00 @ $120.00 per month
• After 5 years $5,000.00 @ $155.00 per month

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VISA DEBIT / Check Card

• Get cash 24 hours a day
• Works like a check where-ever you see the Visa or Pulse Logo
• No annual fee
• Posts to your account electronically

*Alabama River Credit Union's Visa Debit/Check Card is the one card that acts like several cards.  It works like a check at any merchant that accepts VISA and it works like an ATM on the VISA or PULSE ATM networks.

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Convenience at its best-
Use your check card without hassle of writing a check or carrying cash.  When you use your check card press "credit" and the money is immediately deducted from your checking account. It's quick and easy. Just sign and go!

It's ATM Ready
Our VISA Debit/Check Card works like an ATM card at any automatic teller machine on the VISA or PULSE ATM networks. Simply look for the VISA or PULSE logos and you can get the cash you need with your personal identification number (PIN).

Not a Credit Card
The Alabama River Credit Union VISA Debit/Check Card is NOT a credit card. Just like a check, you must have money in your account before you can spend it.  You will save money by not paying the fees and interest that can be part of credit cards.
For further information on these and other services contact us at 251-575-2921.