Accounts


Providing a safe place for members to accumulate savings is a principle function of the credit union. The benefits of having an account with us are:

    The National Credit Union Administration (NCUA), a government agency, insures regular accounts to at least $250,000.00 and IRAs are insured up to $250.000;
    It may be possible to structure your accounts to get over the $250,000.00 coverage. Click here for more information.
    Account access through the Internet with Home Banking;
    FREE, unlimited 24-hour phone access through Cindy, our Audio Response Service; and
    Competitive rates.

Telco offers many programs to satisfy different types of need.


Regular Share (Savings) Account

Our regular share account is what we call our regular savings account. An initial deposit of $5.00 is required for membership and for continued participation. You must maintain a minimum daily balance of $50.00 in this account each day to receive dividends.

    Use our Retirement Calculator to help you determine the amount of money to save each year in order to achieve your financial goals.

ELITE FREE Checking (Share Draft) Account

No minimum balance requirements;
No monthly service charges;
Unlimited check writing;
Account access through the Internet with our FREE Home Banking;
The option to pay bills with our FREE Bill Payer;
Telco's TELEMAX ATM/Check Card;
Direct deposit/payroll deduction;
Overdraft Privilege Service for eligible checking accounts;
Overdraft protection with a Telco savings account or VISA account;
Earn dividends on average daily balance above $2,500.00;
Email us (Member Services) for a checking account application. We'll be glad to mail you one; and
Order personal checks online!

All Star Savers Account

Children under the age of 18 are encouraged to open an All Star Savers account to be a part of the club. The All Star Savers Club is an ideal way to teach children how to handle money and build a firm foundation in saving money that will last a lifetime. Here are a couple of the great things that the club will do:

    A quarterly newsletter full of saving tips, games, contests, and more; and
    For every "A" a club member receives on their report card, their name will go in a drawing for a $50.00 U. S. Savings Bond.

Christmas Club Account

Save all year long for Christmas. Whether you make your own deposit or make your deposit through payroll deduction, it will be nice to have extra money for the holidays.

    Account can be opened at anytime;
    Funds automatically transferred into regular savings account for November 1st; and
    There is a $5.00 fee for early withdrawals.

Money Market Account

A money market account is flexible and convenient like a savings account with no required term limit or withdrawal penalties like a share certificate. Plus, the account earns a higher yield than our regular savings account. The minimum balance to open account is $10,000.00. If the balance falls below the $10,000.00 required, you will receive the dividend yield of a regular share account. You may click here for our current rate.

Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency



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