Wheatland Federal Credit Union offers a complete array of financial products all designed to save our members time and money. Whether you are looking for a Home Equity loan, are about to buy a new vehicle, or want a no fee interest-bearing checking account we are here to help. Browse our products and see all the benefits you can enjoy!
Check Out Checking That Saves You Money
 A Share Draft Checking Account has no monthly charge, no per check charge and no minimum balance required.
Club Grand Seniors Club
 Club Grand is open to any member age 55 and older who either has or opens a Wheatland FCU Share Draft Checking Account. Benefits include, free checks, direct deposit, higher rates and more!
Sharky's Savers
 Open to any member age 12 or younger. Features of the club include; all Sharky accounts earn dividends on balances of $5 or more, higher rates, special passbook, earn "Shark Bites" for each deposit, regardless of amount. These "Shark Bites" can be traded in for prizes at Sharky's Cove located at our Centerville office.
Student Freedom Account
 This account is for our members that are between the ages of 17 and 22. Whether your in high school, attending a college, trade school, nursing or technical school, this package is for you! This package gives you the freedom from high rates and fees. Also, gives you the freedom to take care of your own finances, at home or away at school. Package includes: Free membership, Free ATM access, Free PC and Telephone banking, Free share draft checking w/ debit card, Free first order of checks, Free online bill payer, 1/2% discount on first personal or vehicle loan, and a low interest Young Adult or College Rewards VISA Credit Card.
The Wheatland Fund
THE WHEATLAND FUND
Better Than a Money Market Account
01/09/2008
Checking account convenience with money market interest rates.
Wheatland Fund Account Terms:
Interest on this account will accrue on a daily basis and will be posted to the account monthly. Dividends begin to accrue on the business day you make the deposit to your account. The minimum to earn interest on this account is $5000. The balance shown in the following table will accrue interest at the corresponding interest rate and Annual Percentage Yield (APY) shown.
|
Credit Unions Balance
|
Interest Rate
|
APY (Annual Percentage Yield)
|
| $25,000 or more |
1.73%
|
1.75%
|
| $10,000 to less than $24,999 |
1.47%
|
1.50%
|
| $5000 to less than $9,999 |
1.24%
|
1.25%
|
| If below $5000 |
no interest
|
n/a
|
The interest rates and APY are current, as of the date printed at the top of this disclosure. The interest rate and APY of each item may change at any time at the credit unions discretion. For current rate information contact the credit union or our website at www.wheatlandcu.com.
The credit union uses the daily balance method to calculate the interest by applying a daily periodic rate to the amount of funds in the account each day. Interest is credited and compounded each month. If you close your account between interest crediting periods, you may not receive the accrued but uncredited interest.
A minimum of $5000 is required to open this account. A monthly maintenance fee of $10 will be applied if, during the statement cycle, the daily balance falls below $5000. There is no limit to the number of checks or other withdrawals from this account. Checks used to access this account must be purchased from the credit union.
FEE SCHEDULE: The following fees may be assessed against the account: To view the correct fees below for you All-Star Rewards tier CLICK HERE:
| Overdraft fee |
Varies Depending on All-Star Rewards Tier. |
| |
| |
| NSF fee |
$25 |
| Stop payment fee |
Varies Depending on All-Star Rewards Tier. |
| Copy of draft fee |
Varies Depending on All-Star Rewards Tier. |
| Certified draft fee |
Varies Depending on All-Star Rewards Tier. |
| Bill Payer fee |
FREE |
| Check fee |
$15 per box of 50 |
Wheatland FCU Check Hold Policy
The following is the Wheatland Federal Credit Union Check Hold Policy based on the type of check accepted for deposit and the availability of the funds for the members account. This is based on Regulation CC compliance to have $100 available to the member the next day.
Local Check Hold- A local check is defined as any check drawn from a financial institution in the 3rd federal reserve district. A local check hold is two (2) business days. However, the first $100 of the deposit will be available on the first business day.
Non-Local Check Hold- A non-local check is defined as any check drawn on a financial institution out of the 3rd federal reserve district. A non-local check hold is five (5) business days. Again, the first $100 of the deposit will be available on the first business day.
Personal Checks- Any personal check may be cashed if the member has funds in his account to cover the check. Personal checks being deposited must be put on hold if over $200. Personal checks made payable to Wheatland FCU that are being deposited into the shares to pay a members loan payment will not be put on hold.
Government Checks- May be cashed or deposited by the member provided it has proper endorsement. No holds apply.
A two party government check with proper endorsement by both parties must be deposited by the presenting member. The member may then make a withdrawal if the funds are available in his shares.
Insurance Checks- Proper local or non-local holds will apply.
Attorney Checks- May be deposited or cashed with no hold if member has funds in account to cover the check.
Business Checks- Must be made payable to a business may be deposited to a members account with the appropriate hold. A check made payable to a business may not be cashed.
Cashiers, Certified and Money Orders Same as cash, no holds apply.
 |
