Checking Accounts

• FREE SCFCU Debit Card - Unlimited Usage
• Immediate Credit on All Deposits
  (see printed Funds Availability Disclosure for exceptions)
• Overdraft Checking Line of Credit - NO Annual Fee
• FREE Online Bill Payer
• FREE 24 Hour Voice Response - account access by phone
• Direct Deposit
• Cover Overdrafts from Savings
• 24-Hour account access through free Online Banking
• FREE ACH Debits
  

It might seem like a chore to change checking accounts, but it's just a matter of following a few steps, which we have outlined in our Switch Kit. In addition to that, we guarantee to help you every step of the way to make the Switch to a Credit Union checking account. Check out our Switch Kit page, and then take us up on our guarantee.

Here's our Reward Checking Account...

Everyone who lives or works in Stearns, Benton, or Sherburne county is already eligible to be a member of St. Cloud Federal Credit Union. If you have always wondered what a Credit Union is, now you can find out first-hand, and enjoy the financial benefits of membership!

Does your checking account pay premium interest?

Does your bank or Credit Union automatically reimburse you for ATM fees when you use another financial institution's cash machine?

Why pay for checking when we offer a checking account that pays you?

Here's how Reward Checking works at St. Cloud Federal Credit Union. . .

YOUR REWARDS FOR REWARD CHECKING

• Earn a Premium Rate on all balances up to $15,000.00. On balances over $ 15,000, earn a Minimum Rate. The Premium Rate may change over time, but it will always be higher than CD rates. Click here to view the current rates.
• ATM Fees Reimbursed: We reimburse you monthly for all national ATM fees, up to $25.
  

• Use our free SCFCU Debit Card at least 12 times a month.
• Have at least one Direct Deposit or Automatic Withdrawal on your account. As an option, one monthly payment using our free Online Bill Payer service qualifies.
• Enroll in our free e-Statement service.
• Regularly use our free Online Banking service.
• Maintain a current email address on record at the Credit Union.

If your Reward Checking account does not meet the qualifications any given month:

• Your account still earns a Base Rate.
• However, ATM fees will not be refunded that month.
• The interest rate and APY are subject to change at any time after the account is opened. We plan to maintain a rate that will always be higher than CD rates.
• There is a $100 minimum deposit required to open a checking account. After that, no minimum balance is required.
• Available as personal accounts only.

Here is the schedule of monthly reward cycle dates. To qualify for rewards for each month, the five points listed above in "How To Receive The Rewards" must be completed between the dates shown below.

JANUARY   December 31 - January 30
FEBRUARY January 31 - February 27
MARCH February 28 - March 30
APRIL March 30 - April 29
MAY April 30 - May 30
JUNE May 31 - June 29
JULY June 30 - July 30
AUGUST July 31 - August 30
SEPTEMBER August 31 - September 29
OCTOBER September 30 - October 30
NOVEMBER October 31 - November 29
DECEMBER November 30 - December 30

• The current high Premium Rate is paid on balances between one penny and $15,000, and the Minimum Rate is paid on all amounts above $15,000 each statement cycle that the minimum qualifications are met.
• If you do not meet the qualifications per cycle, your account will still earn a Base Rate; however, ATM fees will not be refunded for that time period.
• The interest rate and APY are subject to change at any time after the account is opened. However, the Reward Checking Premium Rate is not a temporary rate or "teaser" rate. Reward Checking will always pay a high competitive rate, based on economic conditions.
• There is a $100 minimum deposit required to open any checking account. After that, no minimum balance is required on Reward Checking.
• Available on personal accounts only.
• No monthly service charge.
• ATM fee refunds up to $25 per statement cycle when qualifications are met.
• All accounts qualify for full rewards during the first month they are open.

Regular Checking

• No Monthly Maintenance Fees
• No Minimum Balance

Business Checking Options

Benefits on all Business Checking plans:

• Immediate credit on deposits, including Saturdays; no cut-off time.
• Free telephone transfers.
• Overdrafts can be covered from savings.

1. Small Business Checking

• Deposit 25 or fewer checks per month
• No monthly maintenance fee
• No minimum balance requirements
• Unlimited check writing; no per-check charge
• Free SCFCU Debit Card

2. Business Checking

• Deposit 26 to 99 checks per month
• Daily dividend on balances of $3,000 or more
• No monthly maintenance fee
• No minimum balance requirements
• Unlimited check writing; no per-check writing charge
• No currency/coin order fees
• Free SCFCU Debit Card

3. Commercial Checking

• Deposit 100+ checks per month
• $20 monthly maintenance fee
• Daily dividend on balances of $3,000 or more
• No minimum balance requirements
• Unlimited check writing; no per-check writing charge
• No currency/coin order fees
• Free SCFCU Debit Card

Benefits of the SCFCU Debit Card

• FREE - Unlimited Usage.
• Make purchases without having to write out a check.
• Replaces the check blank, and it's less expensive than buying checks.
• The SCFCU Debit Card can be used anywhere Visa cards are accepted, worldwide.
• Also functions as an ATM Cash Card, which allows you to access your checking account or primary savings account 24 hours a day.

How to Become a Member and Open Your Checking Account.

• Come to the Credit Union office to become a member, and to sign the Signature Card.
• Make your initial deposit of $25.00 ($15 for New Membership fee; plus, $10 must be maintained at all times to maintain active membership).