Accounts

Checking

Our checking accounts won’t surprise you with high service fees or charges that can add up quickly. There are no monthly service charges, unlimited check writing, very low fees on overdrafts, and the convenience of free online banking to help you keep track of your balance.

Features:

  • $25.00 opening deposit

  • After opening deposit, no minimum balance

  • Unlimited checkwriting

  • Free overdraft protection from your savings account

  • Overdraft protection from a Line of Credit is available

  • NO monthly fees

  • Low service fees

  • Free Online Banking

  • Free Mobile App for your smartphone

  • Free Telephone Banking

  • VISA® Debit/ATM card available

  • Free E-Statements

  • Free Bill Pay Service

Savings

Ely Area Credit Union offers their members a safe and secure place to grow their savings accounts. Whether you’re just starting out or are a new parent, saving for college or planning for your retirement, we can help. Your savings is insured up to $250,000.00 by the National Credit Union Administration and is always available to you with no penalties for withdrawing.

Regular Savings Accounts

Members are required to deposit at least $5.00 in a share savings account at the credit union upon joining, and must maintain a $5.00 minimum balance to use any or all of the services we offer. Dividends are calculated on your average daily balance and paid to this account quarterly. There is no penalty for withdrawing your money when you need it.

Deposit Savings Accounts

Members also have the option of putting their money in our Deposit Savings Account. This account has no minimum balance and your funds are available to you at any time with no penalty. Dividends are calculated on your average daily balance and paid to this account quarterly. The interest rate earned on this account is nominally higher than our regular savings account.

Christmas Club Savings

Saving for all of your holiday expenses has never been easier. With a Christmas Club Savings Account from EACU, you can save all year long at a special interest rate and not come up short in the holiday season. All funds in this account will be transferred to your Primary Savings account in early November of each year so you are ready for the holiday shopping season.

Special Savings Accounts

Members can open special savings accounts to save for specific things like a vacation, car, Christmas, or anything you can think of. These accounts work just like our Deposit Savings Accounts except for the interest rate is the same as the Regular Savings Account.

Children’s Savings Accounts

It is never too early to teach your children the importance of saving. We encourage all parents to open savings accounts for their children and have them deposit into it. No deposit is too small. All of our savings accounts are available to our littlest members.