Business Savings

Rates

Own a piece of WCCU!  A $5 deposit opens your Member Savings account at WCCU. Your first $5 is a share in the credit union and makes you a member/owner.

  • $5 to open an account.
  • $50 minimum to earn dividends.
  • Variable rate dividends compounded and paid quarterly on daily balances on $50.00 or more.
  • $1.00 monthly service charge if balance falls below $50.00 at any time during the month (service organizations and businesses with a loan or credit card are exempt from this monthly service charge).

No more than six withdrawals or transfers to other credit union accounts of the member, or to a third party, by means of:

  • Preauthorized or automatic transfers (such as overdraft protection transfers or arranging to have bill payments deducted directly from the depositor’s savings account).
  • Telephonic transfers (made by the member telephoning or sending a fax or online instruction to the credit union and instructing the transfer to be made).
  • Transfers by check, debit card, or similar order payable to third parties.

ATM Card

  • The card is free.
  • No charge for any transactions at a WCCU ATM.
  • No charge for deposits. Withdrawals or transfers just $0.25 per use. (Non-WCCU ATMs may have fee from ATM owner.)
  • Some terminals (in- and out-of-state) cost $1.00 per use. (Non-WCCU ATMs may have fee from ATM owner.)

Automatic Deductions

  • No charge for this convenient service.
  • Money can be deducted from savings for insurance premiums, club membership fees, etc.
  • To cancel an automatic deduction, you must send a letter to the company and keep a copy for your records
  • If an automatic deduction creates a negative balance, you may be subject to a $20 overdraft fee.

Statements

Quarterly statements are mailed at no charge. (Members with a WCCU checking account receive a monthly statement of all their WCCU accounts.)

Your Warranty of Safety

Westby Co-op Credit Union is federally insured by the National Credit Union Administration (NCUA).