Savings...
Olin Community Credit Union is here for your financial future.As a member, you are entitled to certain privileges not offered by other financial institutions. For example, you will receive dividends on both share savings and share draft checking accounts that are among some of the highest available.
Share/Savings Accounts
Our share and share draft accounts feature many great benefits including: dividends paid monthly with interest rates that are among the highest available, no minimum balances, easy to read statements and more. In addition, we offer electronic access to your account virtually 24 hours a day with our Quickdraw Check and ATM Card, Member Line Audio Response, and e-Teller for internet transacting.
The minimum deposit to open a new share account is $5.00 along with a .25 cent membership fee. Our accounts are insured up to $500,000. The National Credit Union Administration (NCUA), a U.S. government agency, insures your account up to $250,000 per member. When your accounts exceed $250,000, the maximum level of coverage provided through NCUA, you are also insured up to an additional $250,000. Your board of directors has chosen to provide this exceptional level of insurance through a private company. This supplemental insurance is provided by Excess Share Insurance (ESI) Corporation. ESI is a subsidiary of American Share Insurance, the nation's largest private deposit insurer for credit union's. Excess share insurance is available only to credit unions meeting the company's rigid requirements and standards of performance.
Share Certificates
Like a Certificate of Deposit, Share Certificates offer you a variety of terms and rates. Whether saving for a short term purchase, as little as 6 months, or saving for the long term, up to 60 months, we offer a certificate that will match your needs. Check out our current rates!
Money Market Accounts
MMA's also feature choices. Split into tiers and varying rates, money markets allow you easy access to your money while earning a higher interest than our basic checking account. Click here for current rates!
Individual Retirement Accounts (IRAs)
Prepare for retirement with an OCCU IRA including Roth IRAs, Traditional IRAs, and Coverdell Savings Accounts. Whether making employer-funded contributions, or individual contributions, we offer competitive dividend rates. And, there are no annual or maintenance fees. We also offer IRA certficates at the same rates as our share certificates. Our IRAs also insured up to $500,000 per member. The National Credit Union Administration (NCUA), a U.S. government agency, insures your account up to $250,000 per member. When your accounts exceed $250,000, the maximum level of coverage provided through NCUA on IRAs, you are also insured up to an additional $250,000 By ESI, a private insurer.
Christmas Club Accounts
Save throughout the year with a Christmas club account. Regular deposits can be made easily through payroll deduction or automatic transfer.
Convenient Checking
Our share draft account operates as a regular checking account, but offers much more including:
-1 box of free checks when you open the account
-Monthly statements
-Internet access through e-Teller
-Free ez-Pay, internet bill pay, for Select and Premier members
-Dividends paid monthly on Average Daily Balances
-Member Line audio response system, telephone access
-Free Debit & ATM card
Achieve Balance
In a world with so many financial obligations and options, it's no wonder money management often seems overwhelming. That's why we have partnered with a financial fitness program call BALANCE. Through this partnership, you have access to free and low cost financial counseling services.
BALANCE can provide you with money management techniques to help you achieve your financial goals. They can provide you with tools to help you to determine your net worth, set goals, monitor your cash flow and track expenses. A sound spending and savings plan is the foundation for your long-term financial success.
If your expenses exceed your income, call BALANCE to schedule a money management session. One of their professional counselors can help you design a realistic spending and savings plan that will help you get on track to achieve your financial goals!
Finanical information is available from BALANCE six day a week: Monday through Thursday 7 a.m. to 10 p.m., Friday 7 a.m. to 7 p.m. and Saturday 10 a.m. to 7 p.m. Call 1-888-456-2227 to speak to a representative.
Business Deposit Services
We realize that every business’s deposit and investment needs can
vary. We’ve designed our account structures to simplify your business
life and at the same time eliminate the majority of fees that you may
have encountered at competing institutions. Our Financial Service Representatives
will be happy to provide information and account detail on the following
deposit services. Let them show you how Olin Community Credit Union can
not only save you money, but also the frustrations of onerous service
charges.
Basic Business Checking
• Sole Proprietorships
• Partnerships
• Small Organizations and Clubs
Corporate Business Checking
• Corporations
• Large Not-for-Profits
• Churches
Business Share/Savings
• Dividend Earning with Quick Access
Business Money Markets
• High Dividends and Convenient Access
Business Shares Certificates
• Competitive Rates for up to 5 Years
Merchant Bankcard Services
• Visa, MasterCard, Discover & American Express
Night Depository Services
• Available at All Locations
Convenient Services
e-Teller & ez-Pay On-Line Transactions
Olin Community Credit Union is pleased to present a fully functional web site, complete with e-Teller, our on-line service. Now, you can transact your financial business from the convenience of your personal computer. When you need to transfer funds, balance your check book, or check a balance, you can do so with a few clicks of the mouse and a touch of a button. OCCU also offers ez-Pay, an on-line bill payment service. With ez-Pay, you can skip the check writing, stamps and envelopes, send payments when you choose and receive 3 months of free bill payment service, only $4.95 per month after the initial trial period. Click here if you are not signed up for e-Teller or ez-Pay.
Quickdraw Check and ATM Card
The Quickdraw Check and ATM Card will allow you many conveniences such as the ability to pay for purchases from your checking account anywhere that you see the Visa logo. No more filling out checks then waiting for approval. It's easy:
- Hand the merchant your card.
- Select payment method as credit.
- Sign receipt.
- Funds are automatically withdrawn from your OCCU checking account.
Our Quickdraw Check and ATM card also allows you access to funds from any automated teller machine 24 hours a day, 7 days a week. As a member of the Cirrus, Cash Station, Member Access and Star networks, you can access your account from even the most remote location. Our Quickdraw Check & ATM card is free to all members, and transactions made from an OCCU ATM machine are also free.
Quickdraw acts as a check and an ATM card. That's two convenient features in one little card!!
Member Line Audio Response
Our audio response system, Member Line, is available virtually 24 hours a day and will enable you to access your account from your home, office or travel location with the use of a touch tone telephone. You can make inquires about your account, transfer funds from one account to another, request loan payment and savings goal calculations as well as many other financial inquiries.
Payroll Deduction & Direct Deposit
For your convenience, we can easily arrange electronic direct deposit of Social Security, other government checks, regular payroll or any type of electronic funds transfer. In addition, automatic payroll deduction for savings or loan payments may also be established.
Financial Planning Services
Whether you are planning for retirement, a child's education, or saving to build a dream home, Olin Community Credit Union offers no cost, no obligation financial management services to assist you. Jed McClain our Olin Community Investment Services representative is available by appointment by calling 618-258-3168, ext. 1449.
For more information regarding services offered by Olin Community Investment Services, please
Registered Representative of and securities offered through OneAmerica Securities, Inc., Member NASD, SIPC, 2560 Foxfield Road, Suite 340, St. Charles, IL 60174 •(630) 513-9588, which is not affiliated with Financial Partners • OneAmerica Securities, Inc. is a wholly owned subsidiary of American United Life Insurance Company®. Not federally insured, may lose value, not underwritten or guaranteed by the credit union.
