AKRON MUNICIPAL EMPLOYEES CREDIT UNION


AKRON MUNICIPAL EMPLOYEES CREDIT UNION
CitiCenter Building, Concourse Level 146 South High Street Akron, Ohio 44308	(330) 375-2020 Fax (330) 375-2397 Email: AMECU@ci.akron.oh.us
Monday through Friday, 9:00 AM to 4:30 PM. The Credit Union observes the same holidays as does the Akron City government.

new SHARED BRANCHING: AMECU OPENS OVER 3000 NEW BRANCHES new
AMECU Online Banking	Online Disclosure
INTEREST RATES Click here (opens in a new window)	FEE SCHEDULE Click here (opens in a new window)

Welcome to the Akron Municipal Employees Credit Union, AMECU.
It is our main concern as a financial institution to provide convenient financial services to the members in a financially secure, friendly, and competitive manner. We invite you to become a member of our family and enjoy the benefits of belonging to your credit union.

The NCUA (National Credit Union Administration) manages the federal share insurance fund for credit unions. When you see our NCUA logo and the words "federally insured" on our doors and transaction windows, you can relax in the knowledge that your insured deposits here are backed by the full faith and credit of the United States Government. Federal Deposit Insurance covers your deposits up to $250,000 for each of several account categories: Individual, Joint, Revocable Trust and IRA accounts.

We'd be glad to review your accounts and federal insurance coverage -- just stop in and visit with a member of our staff.

ABOUT US
Akron Municipal Employees Credit Union is a co-op whose basic objectives are to teach and encourage thrift among members and through their combined savings extend to members - low cost loans - for any worthwhile purpose. As a member you own the credit union. Once you join you become a member of a national financial system. The credit union does not stand alone; it is joined by some 11,162 credit unions throughout the United States.

PRIVACY POLICY

Privacy Policy (opens in a new window)
USA Patriot Act (opens in a new window)

FEE SCHEDULE Click here (opens in a new window)

MEMBERSHIP
Why join a credit union? Because it's an association of people united by a common bond and incorporated under Federal law for the purpose of doing financial business with each other.

FAMILY MEMBERSHIP
Akron Municipal Employees Credit Union membership is open to anyone who is employed by the City of Akron and their family members. This membership is open to spouses, parents, children, siblings.

JOINT OWNERSHIP
We also offer joint accounts. Members owning a joint account agree to share all account funds and have full access rights to monies on deposit. Accounts may be held with or without rights of survivorship.

ORGANIZATION ACCOUNTS
Organizations that are within our field of membership may also open credit union accounts, contact us if you need more information regarding these type of accounts.

HOW TO JOIN
To join the credit union, visit our offices and pick up a membership application, or call us and we will be happy to send you one via inter-office mail or the USPS.

ADVANTAGES

You're a member - not a customer
Democratic Control - each member may vote for directors
High Dividends - on savings
Low Interest Rates - on loans
Fast, Courteous, Personal Service
Direct Deposit of your paycheck
Once you join all your relatives may join, too
Safety - deposits Insured by the most secure Federal Insurance Fund - NCUA
SHARED BRANCHING: AMECU OPENS OVER 3000 NEW BRANCHES

BOARD OF DIRECTORS

The Credit Union operates under a Board of Directors; these nine Directors are Credit Union members elected to office by members of the Credit Union. Any member of the Credit Union is eligible to stand for election at the annual meeting. The Board meets monthly on Wednesday, at twelve o'clock noon, to establish policy, discuss new programs and credit union financial operations, review budget, and set loan rates.

CREDIT UNION STAFF

Sandra (Missy) Evans, Manager
Donna Delambo, Service Representative
Erika Henderson, Service Representative
Wanda L. Altman, Service Representative

PERSONAL SERVICES

Statement Savings
Checking
Christmas Club
Vacation Club
Share Certificates
IRA's

New and Used Vehicle Loans
Home Equity and Mortgage Loans
Line of Credit
Savings Withdrawals by phone or mail
ATM Withdrawals
Savings Federally Insured to $100,000 by NCUA

SHARE ACCOUNTS

Share accounts are the credit union's primary savings accounts. Deposits can be made in person, by mail, payroll deduction or direct deposit. Withdrawals are permitted any time.

What kind of accounts are there? There are both single and joint accounts. A single account is operated by one member only. A joint account is an account held by one member and any other person. A joint account requires signatures of both members on the membership card. Either member may deposit and/or withdraw savings from the account. We also offer custodial and trust accounts.

Dividends are calculated on the average daily balance paid monthly.

SHARE CERTIFICATES

Share certificates are timed deposits based on the length of maturity and amount of deposit. They are federally insured to $100,000 by NCUA, a U.S. Government Agency.

CLUB ACCOUNTS

Club accounts are convenient, single purpose accounts for such things as Christmas or vacation. You can have your Christmas Club account or Vacation Club setup to where funds cannot be withdrawn until a certain period. Christmas Club funds are transferred October 15 to a member's regular share account.

IRAS

Are you looking for ways to invest your money today so that you can live tomorrow? Then you would probably be interested in an IRA. IRAs are Individual Retirement Accounts. They are set up similar to a CD but only offered in terms of 12, 24, and 36 months. IRA rates are the same as CD rates.

CHECKING

A Checking account without hidden costs. If you haven't already, you should take advantage of this key service offered here at the Credit Union.

Our checking account gives you:

No monthly fee
No transaction charge
Easy access to your money
A monthly statement showing all transactions with your account
Overdraft protection
Transfer from savings
ATM (Star/MAC) accessibility

The Credit Union can provide you with this added benefit because we are a non-profit organization formed and dedicated to providing you with every financial benefit possible. We've got a good deal for you! Why check anywhere else!

DIRECT DEPOSIT

Don't stand in line on payday. Your check can be deposited directly to your account - savings, loan payments, checking, or club accounts. With Direct Deposit, you can be sure that when payday rolls around, your money is in your account -- not lost, stolen or sitting in your wallet waiting for you to deposit or cash it. Even better, your pay is available as cash immediately -- unlike a paycheck which has to clear before you can access your funds. It's easy to sign up! Simply ask your payroll department or Credit Union how you can enroll.

ATM

Star/MAC -- It's as good as cash. Actually it's better. These days, it just doesn't make sense to carry around a lot of cash or waste time writing a check. Especially since you can pay with your Star/MAC card just about anywhere, wherever you see a "Star/MAC Accepted Here" sign. They're all over the place. So put convenience in your wallet instead of all that cash. Stop by the Credit Union today and sign up for your new Star/MAC card. The first card is free and it only takes a minute.

INTEREST RATES

The Credit Union offers its members a variety of Savings options with competitive rates and terms for share deposits, share certificates (CDs), and IRAs. This also applies to our loan portfolio for new and used autos, RVs, mortgages, home equity, personal line of credit, share or CD secured loans. The rates are reviewed and set monthly by the Board of Directors. See the rate table for our current savings or loan rates and terms.

LOANS

For the Borrower
You'll like our low fixed rate simple interest loans.

		Auto loans		Low cost loans for any purpose
		Home Equity Lines		New cars financing up to 72 months
		Line of Credit		Guides for pricing cars, boats, etc.
		Shared Secured Loans		Group Accident Insurance
		Mortgage Loans		No prepayment penalties
				Loan counseling
				Credit Life Insurance *
				Credit Disability Insurance *
				* member pay

Akron Municipal Employees Credit Union members have available loans for almost every worthwhile purpose including cars, boats, trailers, motor homes, furniture, appliances, home improvements and mortgages. Simply fill out an application and turn it in. A $15 application fee is required with submittal of application. Most loan decisions are made in one working day. Most future requests can be handled by a phone call. You can apply for a loan as soon as you join.

Payroll deductions create a painless way to make your loan payments. They eliminate the hassles of writing a check, mailing payments or making payments in person.

Why borrow at your Credit Union? Your Credit Union usually has the lowest cost loans available to most people. There are no hidden charges when you borrow at the Credit Union. Interest is compounded only for the time you have the money. When you make a large payment, you automatically reduce the interest at that time. You aren't forced to wait for a rebate of the unearned interest when the loan is paid in full.

PROMOTIONS

ENTERPRISE CAR SALES

Are you looking for a car but you don't have the money for a new car? Or you don't want to get stuck with a junk used car? Then you need to go to Enterprise Car Sales. They have the perfect used car package. Enterprise sells quality used cars that are only a couple of years old. And the prices are reasonable, too. ALL Enterprise cars are guaranteed to be below NADA retail value. Many of the cars are low mileage and still carry the dealers' warranty. Interested? Right now, Akron Municipal Credit Union will finance any Enterprise car at 100% NADA retail value for up to 60 months. So stop by and ask for more details on this great deal.