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Products & Services
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- Share Certificates
- Payroll Deduction»
- Direct Deposit» of Payroll,
Pension, and Social Security
- Deposits by Mail or in Person
- Withdrawals by Mail, Phone, ATM cards, or in Person
- Family Memberships
- Certified Checks
- American Express Travelers Cheques
- Money Orders
- Free Notary Service
- Facsimile (FAX) Service
- LIFETIME Memberships
- Bank Wire of Funds
- Western Union Wire
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Payroll
Deduction
Convenient payroll deduction is available to make
consistent automatic loan payments against outstanding balances,
or to be automatically credited to your share account or share
draft account.
When you choose payroll deduction, you decide how much you
want deducted per pay period, and what amounts should be deposited
or credited to specific accounts.
You eliminate the hassles of taking the time to stop by the
credit union office and filling out deposit slips or writing
checks. Everything is automatically done for you ... and you
receive a quarterly statement that confirms that all transactions
are complete.
Direct Deposit
Direct deposit of your paycheck, pension check, or
Social Security check to your credit union accounts makes
it more convenient for you to deposit to and access your accounts.
With Direct Deposit, you know your funds are safely, automatically
credited to your personal accounts at the credit union ...
without the bother or time to stop by and physically make
the deposits yourself.
Share Accounts
Savings at your credit union are called shares, for a couple
of reasons: 1) as a member, you share in the responsibility
of directing the credit union when you vote for its board
of directors; and 2) you share in the benefits of lower loan
rates and higher dividends on savings that are traditionally
offered by credit unions ... non-profit, cooperative financial
institutions in business to serve their members, not stockholders.
You also enjoy the security and safety of fully insured accounts.
All Share accounts at your credit union are insured by the
National Credit Union Administration, a Federal agency, up
to $100,000.00 per account.
The par value of one share at Bell Financial Community Credit
Union is $25.00. You must keep a minimum of $25.00 (one share)
in your account to maintain membership.
Regular Shares
At Bell Financial Community Credit Union, our regular share
account offers many benefits, including:
- It is the best way to save on a regular basis.
- Deposit through payroll deduction, direct deposit of
pension, or Social Security
checks, by mail, or in person.
- Withdrawals can be made in person, by phone, by mail,
or by ATM.
- Interest is computed day of deposit day of withdrawal
and paid quarterly. There is a minimum balance of $100.00
on all savings accounts in order to earn a dividend.
- Statements are mailed quarterly.
Christmas Club and Vacation Club
The credit union offers Christmas clubs that can
be withdrawn on November 1, of each year.
The credit union offers Vacation club that can be withdrawn
anytime.
VISA Credit Card
You can enjoy both convenience and savings with your Bell
Financial Community Credit Union Visa Card: convenience because
Visa is the most accepted charge card in the world; and savings
because your Bell Financial Community Credit Union Visa carries
a low, low annual interest rate ... far below most other charge
cards!
Just like other credit union services, your Visa is designed
to give you the service you need, at the savings you want.
No Annual Fee
You never pay an annual fee on your Bell Financial Community
Credit Union Visa card, so you immediately save anywhere from
$20.00 - $50.00.
25 Day Grace Period
Pay your new balances for purchases by the due date each month
and pay no finance charge.
Money Saving Annual Percentage Rate (APR)
Compare our current low rate and save from 3% - 8% over other
charge card interest rates. That adds up to real savings if
you carry an outstanding balance.
Transfer Existing Card Balances
Save more money in interest charges when you transfer your
outstanding balances from other charge cards to your low APR
Bell Financial Community Credit Union Visa Card.
Cash Advances
Use your Visa card for emergency cash advances, available
at most financial institutions.
The interest charged on cash advances is the same as purchases
... unlike other charge cards, which increase the rate for
cash advances. Interest charges start from the date of the
cash advance.
Free Travel Insurance
Up to $250,000.00 FREE travel insurance coverage automatically
when you purchase travel tickets with your Bell Financial
Community Credit Union Visa card. Coverage is through the
Cuna Mutual Insurance Group.
Share Drafts/ATM Network
Maximize the convenience of your credit union account
with a Bell Financial Community Credit Union share draft account
and/or ATM card. Both offer you the safety and convenience
you want, and ready access to your credit union accounts.
Share Draft Accounts
Handy ... easy ... safe. That's your Bell Financial Community
Credit Union share draft account. And it's FREE. As with other
credit union services, there is NO annual fee, NO monthly
service fee.
- No minimum balance requirement.
- No monthly service fee
- No annual fee
- Direct Deposit of payroll, pension, or Social Security
checks.
- Overdraft protection from savings.
- Overdraft protection from a revolving charge loan, if
you have that option.
- Payroll deduction
- No charge per check
- Duplicate copy of each check as you write it.
- Accounts insured by NCUA up to $100,000.00
- Monthly statements of transactions.
- Quality checks from Liberty Check Printers.
ATM Network
Have access to your credit union accounts wherever you are
or might travel ... because your Bell Financial Community
Credit Union ATM card is valid at ATM machines worldwide.
Transactions conducted via your ATM card are automatic, immediate,
safe, and convenient. Transactions can be made against either
your share draft account or your share account. And only you
know your Personal Identification Number (PIN) code ... only
you can access your account.
When you have a Bell Financial Community Credit Union Share
Draft account and ATM card, it's like having your credit union
with you.
Loan Services
Borrowing for any good purpose from your credit union is quick
and easy. Low-interest loans are available for:
- new and used vehicles
- home improvements
- education
- bill consolidation
- medical expenses
- recreational vehicles
- Credit union rates are competitive - generally lower
than you can find elsewhere for similar type loans. Rates
may vary according to the type and purpose of the loan,
as well as the collateral offered.
- All loan applications are considered a strictly confidential
matter. Factors we consider then reviewing a loan application
are your:
- ability to repay the loan
- credit history
- employment history
- type and value of collateral offered
- Repayment of a loan can be made by payroll deduction,
direct deposit, by mail, or in person at the credit union
office.
Interest charged on loans at Bell Financial Community Credit
Union is calculated as "simple interest." This
means that the interest is based on the remaining balance
from the date of the last payment to the date of the next
payment. That way, if you make additional payments or pay
off the loan early, there is no prepayment penalty ... and
you save money on the life of the loan because you pay less
interest.
Both regular loans and lines of credit are available. Members
who qualify and have been approved for line of credit loans
( Revolving Charge, Home Equity Loans, Visa ) may receive
advances on their loan simply by stopping at the credit
union office.
Home Equity Loans
With a Home Equity Loan (for residents of Kankakee, Will,
and Iroquois counties only ) from Bell Financial Community
Credit Union, you can access the equity in your home for a
wide range of purposes: education, home improvement, medical
bills, vacation, new and used cars ... the options are almost
endless.
Unlike other consumer loans, the home equity loan annual
interest is tax deductible. * Consult your tax attorney or
advisor for tax deductibility for your specific situation.
And best of all, it's free.
- NO application fee; NO points; NO appraisal fee; NO annual
fee; NO closing fees; NO attorney's fee.
- Home equity lines of credit up to $150,000.00.
- Payments are amortized over 15 years.
- Payment includes both interest and principle, which saves
you from a large lump
sum payment at the end of the period.
- Make home equity loan payments easily and automatically
through payroll deduction.
- No pre-payment penalty if you pay off the loan early.
- Interest rate is the Prime Rate plus –0.25%. The
rate is adjusted quarterly and can never exceed 18%, regardless
of how high the Prime Rate might go. There is no
limit on how low the rate can go.
- Open end line of credit. No need to fill out a new application
for each new advance.
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