Frequently Asked Questions
There is no minimum balance required to open an account or earn the stated dividend rate. Once an account is open, sufficient funds must be maintained in the account to cover the $1 monthly maintenance fee and other authorized charges (debits, checks ordered, stop payments placed, etc.).
Yes. Dividends are compounded daily and paid monthly on the same day your statement is generated. Checking accounts are variable rate accounts, which means the dividend rate and annual percentage yield (APY) may change.
There is a $1 monthly maintenance fee; however, you can choose to contribute $1 to the State Employees' Credit Union Foundation in lieu of the monthly maintenance fee.1
You are allowed up to a total of 50 checks, teller cashed items and Another Chance items each statement period. If you have more than 50 of these items in a statement period, you will incur a $0.20 service fee per item.
You can access your account via CashPoints ATM, ASK SECU, Member Access, Mobile Access, our local branches, our 24/7 Member Services, and the SECU Mobile App.
Yes. We offer an Overdraft Transfer Service.
Yes. We offer an online BillPay service, which you can access through Member Access, Mobile Access, and the SECU Mobile App.
Yes. Debit cards are available and can be used to make purchases and perform ATM transactions.
Yes. Automated drafts and direct deposits are allowed.
You can view images of your cleared checks online through Member Access, Mobile Access, and the SECU Mobile App.
1 If you choose to contribute to the SECU Foundation, the monthly $1 contribution is debited from your account only if the available balance is sufficient to cover the full $1 contribution amount. If you opt out of contributing to the SECU Foundation, a monthly maintenance/service fee of $1, or any amount in the account up to $1, will be collected. For example, if the account has a balance of $0.50 on the statement drop date, only $0.50 will be collected for the monthly maintenance/service fee. For either election, uncollected amounts do not accrue a running balance.