Products and Services - Accounts and Interest Rates

Wexford Community Credit Union offers many accounts to serve your financial needs. Click on an account or service for information.

Share Draft (Checking) Account
Regular Share (Savings) Account
Youth Share (Savings) Account
Sub-Share (Savings) Account
Christmas Club Share Account
Cadillac Account Shares
Share Certificates of Deposit
IRA Accounts
Deposit Insurance Information
VISA Accounts

See All Checking & Savings Interest Rates

See our Loan Rates

Share Draft (Checking) Account

Our Share Draft (Checking) Account offers a good value to our members.
This is a -008 account.
Enjoy:

• No per check fees
• No monthly fee and 50 free checks when you open your checking account and place your first check order
• Overdraft protection - funds are automatically transferred from your
  Regular Share (Savings) Account for a low fee of $3.00
• Overdraft protection loans are available to qualifying members

Re-order your checks online!
Choose either:

Regular Share (Savings) Account

Your Credit Union savings account is called a Share Account, with this account you will get a member number. The Regular Share (Savings) Account is the member number with a -000 following. When you open a Regular Share (Savings) Account you become an official member of Wexford Community Credit Union, and are eligible to enjoy all the services we offer. This account is required for access to all other services provided by the Credit Union.

A $5.00 minimum deposit must remain in the Regular Share Account as long as you are a member of and wish to use services provided by Wexford Community Credit Union.

The minimum balance to earn interest is $100.00. Interest is paid quarterly.

Annual Percentage Yield:  .50%

Dividend Rate:  .50%

As declared by the Board of Directors, 06/24/08, INTEREST PAID QUARTERLY.

Youth Share (Savings) Account

It is never too early to begin teaching children the importance of saving and handling money. That is why Wexford Community Credit Union offers our Youth Share (Savings) Account, also known as our 17 & Under Account. This is a -001 sub-account.

No minimum balance to earn interest. Interest is paid quarterly.

 

Annual Percentage Yield: .50%

Dividend Rate: .50%

As declared by the Board of Directors,06/24/08, INTEREST PAID QUARTERLY.

Sub-Share (Savings) Account

We also offer two Sub-Share (Savings) Accounts which is under the same member number as your Regular Share (Savings) Account with a -003 or a -010 following. These Sub-Share (Savings) Accounts can be used to save money for a specific need such as vacations, education, taxes and insurance, weddings, and repairs.

With this account you can save for the future.

The minimum balance to earn interest is $100.00. Interest is paid quarterly.

Annual Percentage Yield:  .50%

Dividend Rate: .50%

As declared by the Board of Directors,08/24/08, INTEREST PAID QUARTERLY.

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Christmas Club Share Account

With our Christmas Club Share Account (-009 sub-account) you can save ahead for Christmas.

You can have payroll direct deposit into the account weekly or bi-weekly, so the deposits are made automatically and you can just sit back and wait for your check. Or you can make deposits by mail, in person, or automatic monthly transfer from another sub-account.

You can start this account anytime. Interest is paid annually.

Any balance in your Christmas Club will be automatically transferred into your Regular Share (Savings) Account on October 31st of each year.

Annual Percentage Yield:  2.51%

Interest Rate: 2.50%

As declared by the Board of Directors, as of 11/01/08.

Effective October 1, 2002, there will be a $5.00 service fee for any early withdrawl/transfer from your Christmas Club account.

Cadillac Account Shares

For those depositors who maintain a larger savings balance, but also want their money readily accessible. This is a -006 sub-account.

Minimum balance of $5,000.00 to earn interest. Interest is paid monthly.

Annual Percentage Yield:  0.76%

Dividend Rate: 0.75%

As declared by the Board of Directors for funds on deposit each month, as stated above. Effective

11/01/08.

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IRA Accounts

Individual Retirement Accounts (IRA) will help you save for your future. When you set up a Wexford Community Credit Union IRA account you enjoy important tax advantages now and will supplement your pension and Social Security benefits when you retire.



We offer:

IRA Share (Savings) Account

Just starting an IRA and don't have a large amount of money available to purchase an IRA Share Certificate of Deposit? You can have payroll direct deposit into this account weekly or bi-weekly, so the deposits are made automatically or automatic monthly transfer from another sub account. And your IRA can grow, until you have enough available to purchase an IRA Share Certificate of Deposit.

IRA Share Certificate of Deposit

• Our IRA Certificates of Deposit offer higher savings interest rates for your investments.
• Available as a 12 month IRA CD
• Minimum deposit of $500.00 Interest will compound quarterly
• Choose from Traditional IRAs, Roth and Educational IRAs.

For information on how each type of account would benefit your specific situation, talk to your tax adviser. When you are ready to contribute to an IRA, please contact Wexford Community Credit Union. We are here to help you save for your future.

Click for more information about other IRA accounts

There is no minimum balance to open this account but you do have to be a member of Wexford Community Credit Union, which means you have a Regular Share (Savings) Account. Although there is no minimum balance to open there may be a minimum balance to earn interest.

The dividend rate and annual percentage yield (APY) on these variable rate accounts may change every quarter as determined by our Board of Directors.

Any fees accessed may reduce the accrued dividends earned.

Share Certificates of Deposit

Share Certificates at your Credit Union offer a safe and secure way to save money at a competitive rate of return. Share Certificates are available in a variety of terms ranging from 6 months to 48 months.

Minimum deposit of $500.00.

Interest will be paid quarterly, interest can be credited to a sub-account or a check can be mailed to you. Members age 62 and over can have interest credited quarterly or monthly to a sub-account or a check can be mailed to you.

Early withdrawal - interest will be paid on the account only at the rate of 1% less per annum instead of the original contemplated interest rate.

If Certificate is not presented for payment on its initial or any subsequent renewal maturity date, it will automatically be renewed from its last maturity date. The interest to be paid upon renewal shall be given to the owner(s) no later than 2 days after maturity.

Unless you transfer or withdrawal the funds within 10 days after maturity, your Share Certificate of Deposit will automatically renew for an additional term.

Current Interest Rates

Rates and annual percentage yield are determined each Tuesday afternoon.

• Interest will be paid quarterly, interest can be credited to a sub-account or a check can be mailed to you. Members age 62 and over can have interest credited quarterly or monthly to a sub-account or a check can be mailed to you.
  
• Early withdrawal - interest will be paid on the account only at the rate of 1% less per annum instead of the original contemplated interest rate.
  
• If Certificate is not presented for payment on it's initial or any subsequent renewal maturity date, it will automatically be renewed from it's last maturity date. The interest to be paid upon renewal shall be given to the owner(s) no later than 2 days after maturity.
  
• Unless you transfer or withdrawal the funds within 10 days after maturity, your Share Certificate of Deposit will automatically renew for an additional term.

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Deposit Insurance Information

Your money is safe and secure at Wexford Community Credit Union, a strong, stable financial institution that has been serving the financial needs of its members since 1953. All accounts are insured up to $100,000.00 by the National Credit Union Administration (NCUA), an agency of the United States Government.

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VISA Account & Rates (CLASSIC AND PLATINUM):

If you have a question or problem with your Wexford Community Credit Union Loan or VISA you can just call our office and talk to a loan officer. No need to call someone in another state and keep getting transferred from one person to another and being put on hold. We service all of our loans here in Cadillac.

Our low interest VISA credit card is the one card you can afford to carry. It's perfect for shopping, travel, and emergencies. Take advantage of the savings and convenience it offers.

Information we need when you are applying for a VISA:

• A completed VISA application
• Proof of income - a copy of a recent paycheck stub, a copy of your W-2 form, or in cases of self-employment your last 2 years income tax return.
• Low 8.90% fixed APR - Platinum Preferred, 11.9% or 15.9% Platinum
• No Annual Fee
• No Application Fee
• 25-Day Grace Period On Purchases
• Cash Advances Available

Our VISA credit card is a revolving line of credit loan and requires interest to be paid on any unpaid balance.

Save Even More! Transfer the balances from your high rate credit cards to your Wexford Community Credit Union VISA and save with our low fixed rate. Just bring in your last credit card statement for the cards you would like to transfer. We'll transfer the balance to your WCCU VISA account.

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Your savings federally insured up to $100,000.00.
National Credit Union Administration, a U.S. Government Agency