Checking & Savings

Your Chessie FCU Share Draft Checking Account provides all the safety and convenience of ordinary checking, but it's even better.

Share Draft Checking Account

No minimum balance required
No per check fees
No monthly service fees
Free Homebanking 
Free Billpayer 
Free Tellerphone 
Free Debit Card 
 
Free Notary Service 
No canceled checks to store

 

 

 

Value Checking 
With direct deposit and a minimum average balance of $300.00* you will receive the following benefits:

.25% discount on consumer loans (excludes Visa Cards)
Free Homebanking 
Free Billpayer 
Free Tellerphone 
Free Debit Card 
Free Chessie ATM transaction at all Chessie ATMs 
Free Notary Service 
No Fee American Express Travelers Checks 
One Free Wire Transfer per year 
Free Pre-Qualification for Mortgage Loan 
No Annual Fee for Visa Cards-rates as low as 8.74%  
First order of basic checks free or $11.00 toward the purchase of any checks you would want to order

For our military members-both Veterans and active duty- no minimum balance required.

* $5.00 service charge monthly if you fall below the established balance

 

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Premier Checking
With direct deposit and a minimum average balance of $2500.00* you will receive the following benefits:

.25% discount on consumer loans (excludes Visa Cards)
No $1.00 fee at non-Chessie ATMs*
Interest bearing account 0.50%
Free Homebanking
Free Billpayer
Free Tellerphone
Free Debit Card
Free Notary Service
No Annual fee for Visa Cards-rates as low as 8.74%
One Free Wire Transfer per year-$20-$40 value
Free Pre-Qualification for Mortgage Loan
First order of basic checks free or $11.00 toward the purchase of any checks you would want to order.

*Other financial institutions surcharge may still apply

$10.00 service charge monthly if you fall below the established balance.

 

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Young At Heart Checking

Chessie FCU has an alternative to the traditional accounts by offering additional amenities to members who have direct deposit & are over the age of 50 years old.

Free duplicate club share drafts (checks)- 4 BOXES PER YEAR
No minimum balance required
No limit on number of checks clearing each month
No issue fee on travelers checks
No issue fee on money orders
Free wire transfer services (one per quarter)
Free notary service
Free club membership card

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Young at Heart Plus Checking
With Direct Deposit and a minimum average balance of $2500.00 you will receive the following benefits:


.25% discount on consumer loans (excludes Visa Cards)
Interest bearing account
No $1.00 fee at non-Chessie ATMs*
Free Homebanking
Free Billpayer
Free Tellerphone
Free Debit Card
Free Young at Heart Plus Checks (up to 4 boxes a year)
No Fee American Express Travelers Checks
Free notary service
One Free Wire Transfer per year-$20-$40 value
Free Pre-Qualification for Mortgage Loan
Free Photocopying Service

$10.00 service charge monthly if you fall below the established balance.
*Other financial institution's surcharge may still apply

 

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Young Adult Share Draft Checking        

For young adults ages 16-25.

The features of this share draft account are designed to give you many bonus savings options as you prepare to embark on your career.

The features include:

No Chessie ATM transaction fees                                                 
No fee ATM inquires
No debit transaction fee
Free Visa Debit Card
Free Homebanking
Free Billpayer                                                                                  
Free Tellerphone
One overdraft fee refund per year
1st order of 50 checks free
Overdraft Protection
A free gift                 

              

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Money Market Checking Account 

A money market draft account is a dividend-bearing checking account. It is designed for members with higher balances that want a high rate of return while they use the account somewhat like a traditional checking account. No more than 6 withdrawals or transfers per month. After 3rd withdrawal there is a $1.00 charge per withdrawal.

This account offers a four dividend rate tier. Click here for rates.

 

Share Savings Account

To Become a member of Chessie Federal Credit Union you must first open a Savings account which requires a minimum deposit of $5.00.  Share dividend rate is 0.25%

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Club Accounts

Christmas and Vacation Club

These accounts are designed for the member who wants to save their money for Christmas or that special vacation. The member can make deposits a number of ways: direct deposit, payroll deduction, by mail or in person. The vacation club can be withdrawn at anytime, but the Christmas club can only be issued in September. The credit union will send you a check in the mail or transfer the funds to your savings or checking account.

Moola Moola Club a savings club for kids

Moola Moola and his Money Minder friends lead children 13 years and under through the world of money and saving. This account promotes valuable saving practices. For each $25 deposit the youth receives a prize.  Children under the age of 18 cannot withdraw from share accounts unless given written permission to withdraw from a parent or guardian.

*The intent of the credit union is not to collect information from individuals under the age of 13*

The information collected to open the Moola Moola Club account for a minor is not shared with any third parties. Refer to Privacy Notices.

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Share Certificates

Enjoy a higher rate of return on your savings with our insured term share certificates. Receive a monthly check for your earnings, or allow your dividends to accumulate in the certificate, which will allow a higher growth yield. We can even arrange to have your earnings transferred to your share savings account. Our share certificate rates are very competitive and we offer various terms up to 5 years.

So click here to see our certificate rates!

$500.00 minimum deposit required to open a Share Certificate.

A penalty may be imposed for early withdrawal.

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IRA

For a fully dependable and safe retirement plan, consider Chessie Federal Credit Union's Individual Retirement Account (IRA). This product enables you to set aside money for retirement. Members may be able to deduct from their taxes their contributions to an IRA in whole or in part, depending on their circumstances. Your credit union offers you a number of IRA's:

TRADITIONAL IRA has been around since 1974 when the U.S. Congress created this retirement saving program.  You can set up and contribute to a traditional IRA for a particular tax year if you received taxable compensation during the year and were not age 70 ½ by the end of the year. You need also to contact your tax adviser for specific tax rules.

COVERDELL EDUCATIONAL IRA was established to help in fighting the growing expense of higher education. This IRA allows you to deposit $2,000 per year per beneficiary until age 18. The earnings from the IRA are not taxable, but the contribution is taxed the year it's deposited. It is very important to contact us if you have any question and please visit our RATE screen.

ROTH IRA was established to make it less expensive to withdraw your money in case of an emergency. The guidelines are available by contacting us.

IRA CERTIFICATE this product works just like a regular share certificate, but one difference is that it also has the ability to be a tax-shelter like an IRA.

Click here to check out our rates or call us at 1-800-437-1057 ext. 1114

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Direct Deposit

Chessie offers direct deposit for payroll checks, pension checks, social security checks, railroad retirement checks, and many other checks.

 

 

Checking Protection Options

Chessie offers overdraft protection. Mistakes happen, and with overdraft protection the funds will transfer from your savings account to your checking to cover the check. There is a $5.00 fee for this service.

Members can also have Loan Plus Checking. Loan Plus is a line of credit attached to your checking account.

Chessie also offers Overdraft Privilege. Please contact Chessie FCU for details.

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