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Edco Federal Credit Union
Savings Rates
Money Market Checking Accounts
Dividend Rate Information
Rates are subject to change without notification. Current tiers are as follows:
Tier I $ 1,000 - $ 4,999.99 Tier II $ 5,000 - $24,999.99
Tier III $25,000 -$99,999.99
Monthly Service Charge
A $10 monthly service charge applies if your account balance falls below the $1,000 minimum balance. For transactions below the $500 minimum, a $5 service charge per transaction will apply.
Transaction Limitations
There is no limit to the amount of transactions you may authorize on this account. Minimum transaction amount is $500. After the account is opened, you may not make additions into the account until maturity date stated on the account.
Statements
You will receive a regular monthly statement listing all transactions and activity during the statement cycle. Checks are not returned to the member. Copy of a check is available upon request. There is a fee for this service. You are responsible for examining each statement and reporting any errors. Please notify us within 14 days of any errors. Unless an error is reported we will regard our records as correct. Incase of errors, call us at 440-233-4878 or write us at Edco Federal Credit Union, 1165 North Ridge Road E., Lorain, Ohio 44055.
Monthly Fees and Charges
Monthly Service Charge Below Minimum Requirement Of $1,000
$10.00
Transactions below $500 (per transaction)
$ 5.00
Account reconcilement (per hour)
$20.00
Check returned for NSF
$25.00
Copy of statement
$ 3.00
Overdraft fee
Photocopy of check
Stop payment fee
Check printing fee - varies on style purchased
