SAVINGS/SHARE ACCOUNTS A $5 minimum deposit will open your account and must remain in it at all times to keep it open.  There is a $1 non-refundable entrance fee.  Dividends are paid on balances of $100 or more and are paid quarterly.  See appropriate disclosure for details.

SHARE DRAFT/CHECKING ACCOUNTS
No per check fees, No deposit fees, No face-to-face teller fees.  Overdraft Privileges are available.  WE NOW OFFER FREE CHECKING for all personal accounts. For new draft accounts, your first 50 checks are free!  Checks can be purchased for as little as $14.00. We also offer free MasterCard Debit Cards.

IRAs
We offer traditional IRAs, Roth IRAs, and Coverdell Education IRAs.  There are no annual charges or other fees.  Dividends are paid quarterly.  $100 minimum needed to open account.  Minimum balance to keep account open is $100.

SPECIAL CLUB ACCOUNTS
These accounts are sub-accounts attached to the primary membership account.  They can be used for your vacation account, your escrow account, etc. Dividends are paid on balances over $100 and are paid quarterly.

CHRISTMAS CLUB ACCOUNTS
These accounts are also sub-accounts attached to the primary membership account.  Dividends are paid on balances over $100 and are paid quarterly.  The account balance is transferred on the first business day of November as a deposit to the member's savings account. No withdrawals are allowed.  If the funds are needed, a withdrawal will be made and then the account will be closed till the first business day of November.

CERTIFICATES OF DEPOSIT 

We are now offering 12-month Certificates along with our 6-month Certificates.  Only $500 will get you going.  There is a new interest rate weekly.  Interest is paid quarterly.  Please call office for details.

ATM CARDS The ATM card program is still available.  DEBIT CARDS Come in and sign up for the MasterCard Debit Card now.  You must have a share draft account in order to get a  debit card.  But with a debit card, you don't have to carry as much cash.  You also limit the need to write checks, show identification, and wait for approval.  What's more, debit cards are more readily accepted than checks, especially when you're traveling away from home.  Debit card transactions are deducted from your share draft account, so you must be aware of the checks you have written that may not have cleared your account at the time of your debit card purchase.  When you make a purchase, just say "credit" and sign the slip.  If you use your PIN, this will be considered an ATM withdrawal and you may be charged at month end. If you need cash from an ATM machine, this is your card!  There is no charge for the first 4 withdrawals.  After this, there is a $1.50 charge for each withdrawal or transfer.  Other surcharges may occur at the machine.  If you go to a Co-Op Network machine, there are no surcharges!  Currently, there is no charge at participating 7-11 Stores throughout the United States.  Look in our "Member Benefits" page for the website of Co-Op Network.   Another service that we offer is overdraft protection for share draft accounts.  You will need to sign a form at time of application for the debit card.  You must meet certain credit guidelines to qualify for a line of credit.

DIRECT DEPOSIT/EFT PAYMENT TRANSACTIONS
Many companies now offer their employees direct deposit of their paychecks.  This alleviates you having to come in and make your deposit and saves your employer money by going paperless.  You can also have your utilities paid from your share draft account.  Life insurance premiums, auto insurance premiums, brokerage house payments, utilities, cable bills, etc. are all examples of payments that can be made from your account.  If you are having multiple withdrawals made in this manner, you must use your share draft account, as there is a limit on withdrawals from a savings account. Only 6 unsigned withdrawals are allowed from a savings account per Reg. D.  See our EFT Agreement for more information.   Our routing and transfer number is 2724-84302.

LOANS
We currently offer all loans through our LoanLiner Credit and Security Agreement Program.  Once documentation is complete, we can approve your loan within a very short time.  Once the documentation is signed, you may not even have to come in for an advance.  On initial applications, a 24-hour turnaround may be necessary.  If you apply on-line, your first approved advance will get you a $5 Panera Bread card. 

We have a variety of loan services available.   Secured loans include: new auto/truck loans, used auto/truck loans, other vehicle loans including motorcycles, ATVs, camper/trailers, snowmobiles.

Unsecured loans are signature loans or personal loans.  These can be used to pay off bills or make purchases other than vehicle loans.

ARC Credit Union also offers Life Savings Insurance.  We have offered this insurance for over 40 years.  This is term life insurance which is made available at no cost to our members on eligible savings.  We made some changes on March 1, 2002 which included the following:  the insurance was reduced to $2000 on eligible balances and a minimum insurance balance of $500 needs to be maintained.  If you need more information, we can send out a brochure explaining the program. 

We also offer Loan Protection Insurance.  This is an insurance program that covers eligible loan balances up to $20,000.  There is no cost to the member for this.  You may have to pay for this protection at other institutions!  VISA, home equity loans and mortgage loans are not included in this program.  Please call us for more information or we can send you a brochure with more details.

MORTGAGE LOANS

Our first mortgages are offered by Mortgage Center.  There are a variety of terms available for your convenience. Their experienced staff will make your home purchase less stressful.  Rates change daily.

HOME EQUITY LOANS 

We offer 2 types of Home Equity Loans.
1.) The Closed End loan is a one-time advance loan and can be repaid up to 10 years.  This rate is fixed for the term of the loan.
2.) Line of Credit Loan carries an established limit that is chosen upon opening of the credit line.  You have 5 years to draw against the line with a total of 20 years to pay it back, depending on the amount of the loan. This is a variable rate loan and rates can change quarterly.  More details are available at our office.    Each of these programs is tied to the prime rate as published in the Wall Street Journal.  Please call for details.

VISA Platinum Credit Cards
This is our newest program!!   This new card also offers ScoreCard bonus point rewards.  Go to the official website www.scorecardrewards.com to see the merchandise and travel packages available. The VISA Platinum card has an interest rate of 11.9% APR.  NO annual fees, NO advance fees. NO transfer fees.  This is a fixed rate and is not dependent on Prime Rate.  For more details, see our disclosures page.

OTHER SERVICES

• Medallion Signature Guarantee (for members only and it's free!!).
• Notary Public Service, free service. 
• Money Orders, Travelers Checks for 1 or 2.
• Kelly Blue Book Prices, NADA Car Book Prices, New Car Price Book.
• AAA Group Discount on auto, home.
• National Shared Branching through the Co-Op Network (a nationwide capability for members to make deposits or withdrawals) known as CU Service Center Outlets.
• Credit Union Family Service Centers, with 18 locations in Michigan.
• Co-Op Network with over 20,000 surcharge-free ATMs available in the United States.
• Credit Disability Insurance available through CUNA Mutual.
• Mechanical Repair Coverage is offered through Member's Choice.  Call 1-888-751-2709 for more information.
• Home Banking via the Internet:  Click on the link on the Home Banking page and use your password to see your account.  You must sign up to get access. 
• Prepaid VISA Gift cards are available at our office.  No need to worry about shopping for a gift!  We have them available year round and the charge is minimal:  only $3 each.  Come in and see us for one!
•  Audio Response or "TouchTone Teller":   If you want to check out any of your balances, check clearings, etc.,  just call the appropriate number and follow the instructions.  You must sign up before you can access your account.
  

6/08

ARC Credit Union
18720 Thirteen Mile Road
Roseville, Michigan 48066
586-773-9112
Fax: 586-773-6261
arcmain@earthlink.net