Quick Links

Share Draft Accounts

More Than a Checking Account
The term "share draft" comes from you writing a "draft" (another term for a check) against a "share" account you have as a member of the Credit Union. There are some important differences between our share draft accounts and the checking accounts for most banks. Most noticeably, they are:

• No minimum balance. You don't get penalized for going below any set level on your share draft account as one does with checking accounts at many banks.
• Low monthly fee. Your Credit Union share draft account costs you only $1.00 per month
• Unlimited checks. For that $1.00 per month, you have unlimited check-writing privileges.
• No returned checks. An important difference between our share drafts and the banks are we keep a record of all your checks at a central location where they can be accessed should you need them. You don't have to keep an endless number of cancelled checks filling up a file at home!
• Monthly statements. Like a bank, you get a concise, accurate, easy-to-balance statement at the end of the month.
• On-line Access. You can access your statements and account information on-line when you sign up for the on-line services through the Credit Union.
• Multiple Accounts. For only $1.00 per month per account, you can have several share draft accounts to fit your needs.
• Overdraft Protection. We offer our members overdraft protection either by a transfer from their savings or by an overdraft loan should the need arise.

Benefits

• NO miniumum balance
• Monthly Statements (paper/electronic)
• Debit Cards
• Automatic Transfers
• Automatic Payments
• Free Electonic Check Copies
• Only $1 Monthly

Overdraft Protection

• Transfers in $100 increments
• Up to $10,000
• 18% interest
• Pay 5% of balance or minimum of $25
• $20 fee per overdraft
• $15 fee per returned check

Club 55 Share Draft Accounts
For our 55-and-over crowd, Freedom Community Credit Union offers the Club 55 Share Draft Account.

This Credit Union "checking" account has all the features of the regular Share Draft account plus the following:
One free box of checks annually
No monthly service charge.

We value our senior members; be sure to check with one of our Customer Service Representatives if you have any questions on the Club 55 Share Draft Account.