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SAVINGS accounts
We have a variety of different
savings vehicles available for our members. Whether you're planning
for retirement, or just saving for a rainy day- we can help you
reach your goals!
CHECK RATES
- Primary Share Savings
Account: Your basic savings
account. A $5 minimum balance is required in this account.
Access your funds easily through your ATM card.
- Special Savings
Account: Saving up for
something in particular? We can easily set up a special savings
account for whatever the reason.
- Christmas Club
Account: Start saving early
for the Holidays. Our Christmas Club account can be started at
anytime during the year and is dispersed into your savings or
checking account on October 31st.
- Share Certificates
(CDs): We offer our CDs in a
variety of terms including 6, 12, 18, 24 and 36 months. A
minimum deposit of only $500 makes it easy to start at anytime.
- Individual Retirement
Accounts (IRAs): We offer
both Roth or Traditional IRAs at the Credit Union. No minimum
deposit is required and we never charge fees, plus our rates are
always competitive.
- Money Market Accounts
(MMAs): If you don't want to
lock your money up in a CD, but still want to earn a higher rate
of dividend, our Money Market Account may be just for you. Our
account allows up to three withdrawals a month and requires a
minimum $2,000 balance.
SHARE DRAFT checking
account
When we say free, we truly mean
it! No gimmicks, minimum balances or hidden fees. Enjoy all of the
benefits our Share Drafts checking has to offer:
- Dividends paid on all
accounts: No matter the
balance.
CHECK RATES
- Overdraft Protections
available. Avoid return
check fees by applying for Overdraft Protection. Money can be
automatically transferred from your savings or our Ready Cash
Line of Credit.
- No minimum balance
requirement: Spend your
money how you wish.
- No monthly or per
check fees: Never ever.
- Direct deposit and
payroll deduction: Get your
paycheck the easy way- with direct deposit, and then have the
money dispersed however you wish.
- ATM and Debit card
access: Enjoy FREE unlimited
debit transactions and up to 10 free ATM transactions per month!
We are also a part of the Privileged Status Network.
- FREE HomeCU Online
Banking: Including FREE
E-Statements, FREE Online CheckView, FREE Online Bill Pay and
FREE TXT Banking via your cell phone.
LEARN MORE ABOUT HOMECU ONLINE BANKING...
Are you ready to switch
your account to Gas & Electric Credit Union?
It's fast and easy with our Online Switch Kit! Just fill out the
requested information and the Switch Kit will automatically generate
all of your necessary documents. Be sure to notify us an open your
checking account before switching! As always, please feel free to
call us if you need any assistance, we would be happy to help!
CLICK HERE TO SWITCH YOUR ACCOUNT!
Click here to view our Fee Schedule.
We think you'll find us to be the lowest around!
CONVENIENCE services
& products
- VISA Gift Cards:
Need to get a gift but not sure what to give? Consider a Credit
Union VISA gift card. Available in any amount of money $25 and
above. Accepted wherever VISA is accepted, VISA gift cards are
the perfect gift for any occasion. Available for a small fee of
$2.00.
- Travel Money Cards:
The
updated version of Traveler Checks. Available for $3.00.
- Illinois Notary
Service: Need something
notarized for the state of Illinois? We would be happy to be of
assistance!
MEMBERSHIP pays
It pays to be a member at Gas &
Electric Credit Union, where we reward you for using our products
and services. The more you have, the more you get: discounted loan
rates, waived fees and increased share rates. Have at least 4 or
more of the following products or services with Gas & Electric
Credit Union:
- Share Draft Account
- VISA Credit Card
- Direct Deposit
- Loan*
- Share Certificate
- IRA Account
- Money Market Account
- First Mortgage or Home
Equity Line of Credit*
Here's how it works..
- 4 or more
products: .25% discount on
loan rates, .10% bonus on share certificate rates, $50 Home
Equity Line of Credit application fee waived.
- 5 or more
products:
.50% discount on loan rates, .20%
bonus on share certificate rates, $50 Home Equity Line of Credit
application fee waived.
- 6 or more
products: .50% discount on
loan rates, .30% bonus on share certificate rates, $50 Home
Equity Line of Credit application fee waived.
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