You can verify account balance, transfers, transaction history or verify a check has cleared via phone with our MATT – TouchTone Teller, online with Home Banking or speak directly with a live teller during business hours ($2.00 fee effective March 1, 2002)
No Annual Fee* with a $2,500 balance by year end or if contributions are made by Direct Deposit or Payroll Deduction
(* Annual fee is $10 if the account balance is less than $2,500 at the end of the calendar year, or if you don't use direct deposit or payroll deductions to make your contributions.)
Contributions are made pre-tax
Dividends are calculated daily and compounded quarterly
Money grows tax-deferred if one of the following applies: (1) if the money has been in the account for at least five years and you are older than 59-1/2; or (2) you become disabled; or (3) you die and it’s paid to a beneficiary; or (4) you use the money for a first-time home purchase.
Does not require that funds begin to be withdrawn at age 70-1/2
You can convert a Traditional IRA to a Roth IRA
Contributions are made post-tax
No Annual Fee* with a $2,500 balance by year end or if contributions are made by Direct Deposit or Payroll Deduction
(* Annual fee is $10 if the account balance is less than $2,500 at the end of the calendar year, or if you don't use direct deposit or payroll deductions to make your contributions.)
Dividends are calculated daily and compounded quarterly
You can invest up to $2000 per year per child up to the age of 18
Contributions are not tax deductible
Money grows tax-deferred if it’s used for qualified higher-education expenses before the beneficiary reaches age 30.
Contributions are made post-tax
No Annual Fee* with a $2,500 balance by year end or if contributions are made by Direct Deposit or Payroll Deduction
(* Annual fee is $10 if the account balance is less than $2,500 at the end of the calendar year, or if you don't use direct deposit or payroll deductions to make your contributions.)
Dividends are calculated daily and compounded quarterly
Eaton Family Credit Union offers two types of Overdraft Protection to help you avoid the inconvenience, embarrassment and expense of a check returned for non-sufficient funds.
Option # 1: - Designate another Eaton Family Credit Union account from which funds can be transferred if you have an overdraft. However, funds must be available to cover the overdraft.
Automatically Covers Overdraft
$500-$2,000 Line-of-Credit Available
Overdrafts in Increments of $50
$2 Transfer Fee
No Overdraft Fee for Non-Sufficient Funds
15% Fixed Annual Percentage Rate On Balances
Overdraft Balance is Separate
Payment is 4% of Credit Line
Automatic Loan Payment
Contact us to inquire whether Overdraft Protection Option 1 is right for you
Option # 2: - Member Courtesy - a convenient way to avoid fees so your credit score and relationships are not affected
Automatically Covers Overdraft
Honor checks written up to an additional $400
Account will be charged our standard NSF fee of $25 for each item
Overdraft notice will be sent by mail each time items are paid
Bring checking account balance positive within 30-days
Member Courtesy may or may not be reflected in your checking account
Click here for the complete Member Courtesy Disclosure
ACCESS ACCOUNT
BALANCE
INCLUDES MC?
MSR (In Lobby)
Yes
Check Written
NA
MasterMoney Debit Card
NA
ATM Withdrawal
Yes
ACH or Automatic Debit
NA
Home Banking
Yes
MATT Touchtone Teller
Yes
Want to keep or remove Member Courtesy from your checking?
Click here to Opt In or Opt Out of Member Courtesy Click here to print our Member Courtesy Opt In or Opt Out form
It's easy to move your Checking Account to the Credit Union and we'll even pay you to do it.* All you need is our Switch Kit to close your other Checking Account and change your Direct Deposit and Automatic Payments. Call our office, click here or stop by to request for a Switch Kit.
Note: Rates are subject to change. Click here for latest rate information. Click here for an application.
SECURITY INTEREST: For the Secured Visa, you agree that the Credit Union has a security interest in the account as identified in the Credit Card agreement. Further, you agree that future funds deposited in that account are also subject to the Credit Union's security interest. In no event shall the Credit Union take a security interest in Individual Retirement Accounts or other accounts which it is forbidden to attach by law.
The Smart Option Student Loan® is an ideal solution for families that have a gap when it comes to funding their student’s education. The Smart Option Student Loan helps students save money, pay off their student loan faster, and build credit.
Benefits
Market-leading interest rates
No origination fees for borrowers attending degree-granting institutions
Save hundreds-even thousands-of dollars over traditional 15-year payment-deferred private student loans
Flexible repayment options-choose affordable fixed payments of $25 a month or make full interest payments to save even more
Smart RewardSM -earn 2% of your scheduled monthly payment as a reward in your Upromise account when you make payments on time while in school
Earn a 0.25 percentage point interest rate reduction while enrolled to make monthly payments by automatic debit
Applying with a creditworthy cosigner may help you qualify for and/or receive a lower interest rate
You can apply to release your cosigner after graduating and making just 12 consecutive on-time principal and interest payments
Borrow what you need—up to 100% of your education costs
Click here for Sallie Mae Smart Option Student Loan Terms and Conditions
Click here for more information and Smart Option Student Loan Application
The recently enacted Health Care and Education Affordability Reconciliation Act of 2010 (H.R. 4872), eliminates the Federal Family Education Loan (FFEL) Program on July 1, 2010.
Effective May 1, 2010, we are no longer accepting new applications for student loans through the Federal Family Educational Loan Program. Contact your school's financial aid office for more information on securing federal student loans..
For questions or service related to an existing Federal Family Educational Loan secured through Eaton Family Credit Union, contact our chosen servicer, Great Lakes at 800-236-4300, or at www.MyGreatLakes.org.
NEW & USED TITLED VEHICLES - Eaton Family Credit Union offers new and used titled vehicles (Autos, Boats, Motorcycles, RVs and Trucks) loans with the following features:
* Up to 100% financing
* No pre-payment penalty. Click Here, for up to the minute loan rates.Click here for an application.
LEASE - New and Used vehicle leasing is available through Members Auto Lease.
Call Brian (330) 284-1468 or toll-free, (888) 779-1212 for details. You can also learn more at www.membersauto.net
REFINANCE - Members may refinance their auto loan from another financial institution at 1% below their EFCU qualified rate. Lowest rate available is 6.15%
No down payment required. Terms of repayment based on age of vehicle, maximum term is 72 months. APR is based on age of vehicle.
SHARE SECURED & CERTIFICATE SECURED - You can also use your EFCU savings account to secure loans at reduced rates with the following types of accounts:
Share Secured Loans - Variable Rate of 3% above regular dividend rate. Maximum term is 120 months.
Certificate Secured Loans - Variable Rate of 2% above rate of the Certificate used to secure the loan.
SECURITY INTEREST: For the Secured Secured and Certificate Secured Loans, you agree that the Credit Union has a security interest in all of the funds you have in deposit in all of the accounts at the Credit Union at the present and in the future. Further, you agree that future funds deposited in that account are also subject to the Credit Union's security interest. In no event shall the Credit Union take a security interest in Individual Retirement Accounts or other accounts which it is forbidden to attach by law.
MEMBER ANYTIME TOUCH-TONE TELLER (MATT) - Free, convenient access
Click here for a map that will help you navigate our MATT TouchTone Teller.
When you need to complete routine transactions, use Member Anytime Touch-Tone Teller (MATT), our FREE 24-hour audio response system. Call MATT at (216) 920-2010 or (800) 513-9260 to complete the following transactions:
Verify Account Balances
Take a Line of Credit Advance
Balance your checkbook
Transfer funds
Make Loan Payments
Much more
MATT provides prompts to guide you through the call. You will need your PIN to use MATT. If you do not know your PIN, call the Credit Union. We recommend that during your first call to MATT, you select a new PIN that is different from your original PIN. MATT will guide you through the process.
24/7 Loan Line for new & used vehicle, Visa, signature and computer loans; plus Overdraft Line of Credit and Educational Line of Credit.
You will need ready access to your home and work contact information plus Eaton Family Credit Union account number, driver's license number and current annual income.
Not yet a member? Then you won't be able to provide an account number; see if you qualify for a loan then you can join too
CREDIT LIFE PROTECTION - A unique product that pays off the balance of your loan. It is available to protect the primary borrower as well as the co-borrower. Should something happen, prior to the loan being paid off, the Credit Union will pay off the balance due. This low cost protection offers our members comfort and peace of mind.
CREDIT DISABILITY PROTECTION - A unique product that covers the payment on your loan. Should the primary borrower be out of work for fourteen days, due to any medical reason. The Insurance Company will make the payments until the primary borrower is able to return to work. This low cost protection offers our members peace of mind.
Credit Life and Credit Disability Protection is not insured, underwritten, issued, or guaranteed by the National Credit Union Association (NCUA), or any other federal government agency. The purchase of Credit Life and Credit Disability Protection is not required as a condition for loan approval.
EXTENDED WARRANTY PROGRAM - This program provides additional coverage for mechanical breakdown beyond manufacturer's warranty. It can be for new or used cars. Premium is determined by age and mileage of the vehicle.
VEHICLE GAP PROTECTION - GAP pays what your insurance company will not cover.
Click here to learn how to protect your vehicle from mechanical breakdown and total loss
Guaranteed Asset Protection (GAP) protects you and your entire investment from substantial loss by covering the “gap” between the vehicle’s value and the amount you still owe
$199 one-time fee for cars, trucks and motorcycles.
Watercraft rates may vary, contact us for details.
Automatic Debit of Payments, Automatic Transfers, Check Cashing, Certified Checks, Discount Amusement Park Tickets, Notary Service, Prepaid VISA Gift Cards, Signature Guarantee, U.S. Savings Bonds and Wire Transfers (Domestic and Foreign)
