News & Promotions
2008 $10,000 Scholarship Program
The Credit Union Foundation of Maryland and the District of Columbia is pleased to invite you to participate in the 2008 College Essay Scholarship Program. This year's program will award $10,000 in college scholarships to Maryland and D.C. credit union members. Ten $1,000 scholarships will be awarded.
Complete information and applications are online at http://cufmddc.org/essay.htm.
Cecil County Public School Students Now Eligible for Membership!
Cecil County Schools Employees’ Federal Credit Union has been serving Cecil County school employees and their families since 1953. We are delighted to announce that students in the public school system in Cecil County are now eligible to join.
Take advantage by opening a savings account and learning about personal finances. For more information call the credit union at 410.398.6921.
Money Market Accounts Now Available
A money market account combines the benefits and convenience
of a savings and checking account and gives you a higher dividend
rate than regular savings. We are pleased that we can now
offer this type of account to our members.
A $2500 minimum daily balance is required to open and maintain
this type of account. Dividends are compounded and credited
quarterly. Rates may be adjusted weekly. Currently dividends
will be paid according to the following tiers:
| |
$2500 - $14999.99 |
2.50% |
| |
$15000 - $49999.99 |
3.25% |
| |
$50000 – up |
4.00% |
Members are limited to six electronic transactions per month,
three of which can be checks. A fee of $15.00 is charged for
each check that clears in excess of three per month. Also,
should your account balance fall below $2500, dividends will
revert to our regular share rate and a monthly service charge
of $25.00 will be assessed.
You must be at least 18 years old to open a Money Market
Account. Minors may also use the benefits of a Money Market
account with a joint owner who is 18 years of age or older.
Deposits to this account may be made by payroll deduction,
direct deposit, by mail or in person.
For more information or to set up a Money Market account,
please contact the credit union office.
Protect Yourself From Phishing Scams
Phishing is a new type of identity theft that
occurs online. Phishers send emails that appear to
come from reputable sources, such as financial institutions
or credit card companies. They tell you to click on an icon
or link to be directed to the institution’s website.
The phony webpage or pop-up window directs you to type in
personal information, such as your account number, password
or Social Security number. If you provide this information,
it goes directly to the crooks—not to the company
with whom you transact business.
Click
here for more information on phishing.
|
