WVU Employees' Federal Credit Union
Services
SHARES (SAVINGS)
All members have an interest earning share account. A member may make deposits as often as desired and in any amounts using the mail, payroll deductions, direct deposit, or the Credit Union Office. Members can make withdrawals for any amount without notice. Accounts may be opened or converted to either single or joint accounts, which allows any person designated as a co-owner to make deposits or withdrawals. Members are provided with quarterly statements showing deposits, withdrawals, interest earnings, and balances. NO TRANSACTION FEES.
9 Month Salary Distribution Accounts
An interest earning account for people who work 9 or 10 months but wish to have their salary distributed to them over 12 months. Members arrange to make deposits through payroll deductions and then receive checks from the Credit Union during the summer months. NO TRANSACTION FEES.
Christmas Club Accounts
Members' payroll deductions accumulate in interest earning accounts. Checks for these savings are issued to members in early October. NO TRANSACTION FEES.
SHARE DRAFTS (CHECKING ACCOUNTS)
Share draft accounts are interest bearing checking accounts. Interest is earned on a "day of deposit - day of withdrawal" method and credited to members' accounts the last day of each month. NO MINIMUM BALANCE REQUIREMENTS AND NO TRANSACTION FEES.
ATM CARDS
MAC cards are available if you have a Credit Union checking account. Withdrawals can be made from any automated teller machine 24 hours a day. Members receive 6 free transactions per month when using MAC network machines. Other transactions have nominal fees. Plus the ATM owner may charge a transaction fee.
CERTIFICATES OF DEPOSIT
Certificates of Deposit with terms of 3 months, 6 months, 1 year, and 3 years are offered to members at competitive rates.
LOANS
| Type | Maximum Amount* | Maximum Term |
| New Vehicles | 100% of the sticker price | 72 Months |
| Used Vehicles | 100% of the NADA book | 48 Months |
| Signature (unsecured) | 20% of gross income $250 minimum | 36 Months |
Loan requirements: Credit Union member 3 mos., with current employer 6 mos., acceptable credit history and debt ratio.
NO LOAN APPLICATION FEE!
OTHER SERVICES
Money orders and travelers checks.
Non-interest accounts for miscellaneous office funds (ie. flower fund).
