Products & Services
At MBCFCU, we believe that all should have access to resources to secure their financial future. Our products are available to everyone under our field of membership.
Share Savings Account
Your Share Savings Account is your share in the credit union. Only $10 is needed to open a share account. Dividends are declared on balances of $100 or greater.
In-Trust Share Account
Open a Share Account for a child younger than 18 years of age. On the child's 18th birthday, custody of the account is given to the child.
Vacation Club
Save monthly for your next vacation. Members are allowed two withdrawals per year without a service fee. The year is 12 months from the initial deposit. The account will remain open as long as deposits are frequently made. A service fee will be assessed for additional withdrawals.
Holiday Club
Save monthly for the next holiday season through October 15. Dividends are paid quarterly on balances as determined by the Board of Directors. One withdrawal is allowed. A service fee will be assessed for additional withdrawals.
Fees & Rates
Fees
Dormant Account Fee: Fee is accessed after 6 months of account inactivity. Charge: $5 per month. Avoid fee by making deposits via Direct Deposit or during business hours.
Holiday Club: A service fee of $10 is charged if withdrawal occurs more than once between January 1 - October 15.
Vacation Club: A service fee of $10 is charged if a withdrawal occurs more than twice during the 12 month period.
Fee Schedule
Effective November 17, 2022
| Fee Description | Amount ($) |
|---|---|
| Excessive Share Withdrawal | $2 |
| Loan Application (Home Equity Not Included) | $25 |
| Membership Fee | $10 |
| Administrative Fee (To close an account open less than 6 months) | $10 |
| Returned Mail Fee | $3 |
| Overdraft Advantage Fee | $35 |
| Returned Check Fee | $30 |
| ACH/ATM Overdraft Fee | $30 |
| Third Party Return Check | $30 |
| Stop Payment On Check | $7.50 |
| Wire Transfer Fee | $25 |
| Express Delivery Fee (Plus Express Company fees; weekend delivery extra) | $25 |
| Statement Copies (per page) after 15th of month | $3 |
| Check Copy | $5 |
| Account Reconciliation (per hr) | $25 |
| Dormant Account (Monthly Service Charge after 6 months) | $10 |
| Fax Fee (per page) | $2 |
| Transfer Fee | $5 |
| Money Orders (Member) | $0.99 ea. |
| Money Orders (Non-member) | $1.49 ea. |
| American Express Checks | Free |
| American Express Gift Checks | $2.50 |
| ATM Card Replacement | $10 |
| ATM Transaction | $1 |
| Liens & Levies | $20 |
| Verification Letter | $3 |
| Replacement Pin Fee | $3 |
| Loan Extension | $30 |
| Rewrite Loan (Borrowers error) | $30 |
| Cancel written Loan | $30 |
| Telephone transactions | $2 |
| Bill Pay (monthly) | $4.95 |
| Western Union - Domestic Transfers | $30 |
| Western Union - International under $500 | $50 |
| Western Union - International over $500 | 50 + 2.5% over $500 |
| 3rd Party Cashier's Check | $3 |
(Withdrawals, balance inquiries, transfers, and denials. If you have Direct Deposit, your first 4 withdrawals per month are free.)
Availability of ATM Deposit Funds from ATM Deposits may not be available for immediate withdrawal. Please refer to the credit union’s rules governing funds availability for details.
Dividend Rates
Rates are determined periodically by the Board of Directors.
Dividends are declared on share accounts greater than $100.
| Savings Type | APY** |
|---|---|
| Regular Savings | 0.50% |
| Money Market Savings Account | 1.00% |
| Holiday Club | 0.50%¹ |
| Vacation Club | 0.50%¹ |
| Certificates of Deposit (CD's) | 4.00%¹ |
| Individual Retirement Account (IRA's) CD | 3.70% |
| Checking | 0.25% |