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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.
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