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IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

 

SAVINGS

Share Savings
--- In credit union language, this is your savings account.
--- The credit union requires a $5.00 deposit to your primary savings account, which remains on
     deposit to insure your membership privileges.
--- Dividends are compounded daily and paid monthly.
 

Share Certificates - $1,000 minimum deposit.
--- Dividends are compounded daily and paid monthly.
--- Choose to have dividends posted to your savings account, an interest check mailed to you monthly, 
     or re-invest dividends in your certificate.
--- Member may invest in a 90 day, 6 month, 1 year, 18 month, 2 years or 3 years in a savings certificate.
--- To view rates yielded for each term, please see our rates.
--- Penalty for early withdrawals.
--- After certificate is opened, the dividend rate is fixed for the term.

Money Club Accounts
--- Tiered dividend accounts, paying higher rates the more you have in it.  
--- Minimum opening balance is $5,000.
--- Dividend is paid on average daily balance paid monthly.

Special Club Accounts
--- We offer both Christmas and Vacation Clubs.  
--- Christmas Club pays out the second Tuesday of October. 
--- Vacation Club pays out the second Tuesday of June. 
--- No withdrawals allowed.

Club Accounts for All Ages
--- Lil' Punkin' Savings Account is a kids club for ages newborn to 4.
     Dividends are compounded daily and paid monthly.
     For details, check here.
--- Little Peoples Savings Account is a kids club for ages 5 to 12. 
     Dividends are compounded daily and paid monthly. 
     Works just like a share savings account, but rewards are given for saving.
 --- Motivation Savings Club is savings account for ages 13 to 17.
     Dividends for this account are also compounded daily and paid monthly.
     Special share certificate minimums and more are available for the youngsters who participate in
     these special club accounts.

CHECKING

Regular Share Draft/Checking Accounts
--- Free starter checks
--- Checks offered at a reasonable price
--- Unlimited check writing; no per check fee
--- Free Visa check card
--- Optional Overdraft Protection to cover potential overdrafts ($3.00 Fee)
--- No monthly minimum balance
--- Monthly statement to document account activity (includes all other accounts) E-Statements are
     now available

Business Share Draft/Checking Account
   
Required documents: company EIN (Employment ID Number) or TIN (Tax ID Number).
     Company Resolution of Authority (we have blank forms if needed).
     Valid WV business license.
     For Partnership: Partnership Agreement.
     For Corporation: Articles of Incorporation.
--- Must show proper documentation such as a business license or operating permit linking member
     with the business name to authorize a DBA (doing business as) checking account
--- Non-interest bearing
--- No monthly minimum balance
--- Unlimited check writing; no per check fee
--- No monthly service charge
--- Free Visa check card
--- Optional overdraft protection to cover potential overdrafts ($3.00 Fee)
--- Monthly statement to document account activity (includes all other accounts)
All parties must sign account card and account authorization card.  If cards are taken out of Peoples FCU for signatures, a notary must witness.

Click to see our current fees.

IRAs

1.  IRA Savings - We offer Traditional, Roth and Coverdell Educational     
     -Dividends are compounded daily and posted monthly.

2.  IRA Certificates - We offer 1-, 2-, and 3-year Traditional and Roth IRA Certificates.
     -$1000 minimum deposit.
     -Dividends are compounded daily and posted monthly.
     -Penalty for early withdrawals.
     -After the certificate is opened, the dividend rate is fixed for the term.

Click here for more information on your IRA options. Discover our current IRA rates here.

 

LOANS

--- Auto (New and Used)
--- Boat & RV
--- Motorcycle & ATV
--- Home Mortgage
--- Home Equity
--- Share Secured
--- Consumer
--- Property
--- Home Furnishings/Electronics
--- Lawn/Tractor/Farm Equipment

Apply for a loan now.
Click here to find out what our current loan rates are.

Optional products offered with loan items:
--- Credit Disability
--- Joint Loan
--- Loan Life

INSURANCE

--- What is TruStage? 
    General Insurance information
--- TruStage Auto Insurance Program
--- TruStage Home Insurance Program
--- TruStage Accidental Death and Dismemberment (AD&D) Insurance
--- TruStage Term and Whole Life Insurance

Credit Disability and Loan Life Worksheet; have you planned for the unexpected?

At Peoples Federal Credit Union, your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government.

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