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As a member, you can benefit from...
SAVINGS
After operation expenses are paid and regulatory requirements are met, all income generated by the credit union’s activity is distributed to members in the form of dividends. The credit union’s dividend rate on the different savings account options it offers is generally competitive and usually superior to products offered by other area financial institutions.
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SHARE ACCOUNTS
A Share Account is the basic account you get when you join the credit union. You must keep $5.00 in this account at all times to remain a member at the credit union. Centel Credit Union Share Accounts are a convenient way to save because the funds in this account may be withdrawn at any time without penalty. |
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SHARE DRAFT (CHECKING)
- No minimum balance requirement
- No per transaction fees
- No monthly service fee when you sign up for e-statments*
- Instant carbonless check copies
- Easy-to-reconcile monthly statement
- Courtesy Pay and Overdraft Loan Protection available for qualifying
members
*$2.00 Monthly service fee or $10.00 Monthly service fee for business accounts when
e-statments are not chosen. |
Reorder your checks online...
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CERTIFICATES OF DEPOSIT
With a Certificate of Deposit at Centel Credit Union, your savings will earn a highly competitive rate of interest. Centel Credit Union Certificates of Deposit are a risk-free way to earn highly competitive returns. You can lock in a fixed dividend rate for the entire term of the Certificate of Deposit, making this type of account an excellent way to guard against declining interest rates. IRA Certificates are also available. Click here for CD rates.
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CHRISTMAS AND VACATION CLUB ACCOUNTS
Our Club Accounts are the ideal way to prepare for any annual expense. Regular contributions and competitive dividends mean your money grows quickly.
The Christmas Club Account is disbursed in October, with dividends paid quarterly. If you wish to withdraw funds before
maturity of the account, the account will be closed for the remaining Christmas Club year. The Board of Directors will set the interest rate quarterly. |
IDENTITY THEFT PROTECTION
The Family Plan Plus is a proactive on-line identity theft educational and recovery program that employs a proprietary risk management process. The cost is only $49.95 per year and includes the following:
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- E-Mail Alerts
- Monthly eNewsletter
- Prevention Tips
- Member Only Recovery Resource Links & Web Site
- Up to $25,000 ID Theft Protection
- 24/7 Customer Assistance Line
- Includes Computer Protection Plan |
» Sign Up or Learn More
» ID Theft Info & Statistics
» Federal Trade Commission's OnGuard Online |
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DIRECT DEPOSIT
Why wait in line on payday to cash your check? If your employer participates, or if you are the recipient of a regular government or pension check, you can have your money directly deposited into your credit union account. This free service will enable you to get your funds more quickly. Since no check has to be printed or mailed, you'll also find that Direct Deposit is a safe, secure way to handle your finances. If you have a Centel ATM/Debit card you can make cash withdrawals from an ATM and avoid the lines altogether.
PAYROLL DEDUCTION
With Payroll Deduction you can authorize your employer to send any portion of your paycheck directly to your credit union accounts every payday. This can be a convenient way to save or to pay back loans automatically.
YOUTH & TEEN ACCOUNTS
Teach your children financial responsibility early in life. It only takes an initial deposit of $5.00 to get them started on their way.
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- Designed for children ages 0 - 12
- Quarterly Newsletters
- Exclusive access to the Kirby Kangaroo® Website
- Birthday Cards from Kirby Kangaroo® and the CCU Staff
- Receive a Kirby Kangaroo® Passport to keep track of deposits
- Receive a Kirby Kangaroo® Membership Card
- Visits from Kirby Kangaroo® himself
- Club Accounts and Certificates that can help save money
- Exciting contests designed to motviate kids to deposit and save money
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- Designed for teens ages 13 - 17
- Quarterly newsletters with tons of money info
- Exclusive access to the CU Succeed® Website
- Teen Lending Program
- Online Banking, ATM and Debit Cards
- Club Accounts and Certificates to help save money
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ATM SERVICE & DEBIT CARDS
You’ll enjoy the 24-hour convenience of an ATM Card from your credit union. With a Centel Credit Union ATM Card, you’ll be able to perform transactions at ATM’s across the nation. You’ll also enjoy the convenience of an on-site ATM. Our convenient ATM is always open, even when we’re not! Our MasterCard Debit Card can be used as an ATM Card or use it to make quick, easy purchases from your checking account.
» Co-op surcharge free ATMs nationwide |
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VISA GIFT CARDS - Give 'em what they want!
- Convenient and easier to use than checks or cash
- Balances and purchases can be easily checked
- Cards can be replaced if lost or stolen (provided the cardholder has their account number)
- Cards are ready to use upon purchase
- Returned puchases can be credited back to the Gift Card
You can purchase your Gift Card at the credit union with an amount of $25 to $1,000 for only $4.95 or purchase your card on-line with an amount of $25 to $500 for $5.95 and have it shipped to your home.
» Purchase a VISA Gift Card or check your balance |
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IRA – INDIVIDUAL RETIREMENT ACCOUNTS
Our Individual Retirement Accounts (IRAs) are an excellent way to save for retirement. Taxes on account earnings are deferred until after the account is drawn on, at which time you will most likely be in a lower tax bracket. Another tax advantage afforded by IRAs is that annual IRA contributions up to $3,000 may be tax-deductible. See your tax advisor to find out if you qualify for this deduction.
LOANS
One of the credit union's primary functions is to provide affordable credit to its membership. We offer many types of loans at competitive rates of interest including:
- New and Used Auto and RV Loans
- Home Improvement Loans
- Consolidation Loans
- Revolving Credit / Signature Loans
- Home Equity Loans and First Mortgage Loans
- VISA Credit Cards
- Overdraft Protection - overdraft protection is a line of credit which covers any bounced checks, up to your credit limit
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And there are no prepayment penalties!
» Loan Rates
» Loan & Credit Management |
Centel Credit Union has also partnered with Member First Mortgage, LLC to provide you with even more loan products and services, including:
- Alternative Lending Options - for damaged credit
- Low Down Payment Options - 0%, 3% and 5% down, FHA loans
- First Time Home Buyer Programs - counseling and low down payment options
Contact Centel Credit Union today to discover all of our mortgage loan products!
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The Golden Advantage Club is for our Senior Members. When a member reaches the age of 55 and are retired they automatically receive the benefits of the Golden Advantage Club. The services are:
- Free Checks
- No Monthly Share Draft Service Fee
- Free Money Orders
- Free Traveler's Checks
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DISCOUNT SERVICES
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Deer Acres
Amusement Park |
- Feed the animals, ride trains, the ferris wheel, and antique cars, Mother Goose characters and much more!
- CCU Members receive $2.50 off each adult admission and $1.50 off each child admission. Simply let them know that you belong to CCU at the gate!
- Click here for more info about Deer Acres Amusement Park
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 CCU Members receive 10% discounts on all monthly recurring Sprint Nextel charges! For the exclusive Credit Union Member and Employee Plan, visit your local Sprint and/or Nextel store or call: 877.SAVE.4.CU and mention Discount Node 0130554791.
If you are an existing Sprint customer, call 866.853.4931 and mention root node # 0130554459. If you are an existing Nextel customer, call 800.390.9545 and mention corporate ID # NACUC_ZZM. |
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- AAA Insurance Discount*
- Multiple Home and Auto Insurance Discounts*
*Insurance products sold through or in the credit union are not insured by the National Credit Union Administration and are not issued, guaranteed, or underwritten by the credit union or the National Credit Union Administration or any other federal government agency; and There is no requirement or obligation to purchase insurance from the credit union or any subsidiary, affiliate, or particular unaffiliated third party as a condition to obtaining a loan, and a decision as to insurance agents will not affect the credit terms in any way. The credit union may not condition an extension of credit on an agreement not to obtain, or a prohibition on the applicant from obtaining an insurance product or annuity from an unaffiliated entity. |
HOW SAFE ARE YOUR SAVINGS?
Your deposits in Centel Credit Union are insured to $100,000 by the National Credit Union Administration (NCUA), an agency of the federal government. Plus you receive an additional $100,000 NCUA protection on your IRA deposits.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING
A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal  law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: If you are opening a new account or adding someone to an existing account, we will ask for your name, address, date of birth, and other information that will allow us to identify you or the individual you are adding. You will also be asked to provide at least two forms of ID. One form of ID must be a photo ID. If you do not have this information with you, we will not complete the transaction until it is provided.
Centel Credit Union
1720 Main Street/ PO Box 361
Owosso, Michigan
48867
989.725.7158
Fax: 989.725.7030
centelcu@centelcu.org
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