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At Clarian
Federal Credit Union, you'll find a variety of checking and
savings programs for managing your money. Whether you need
a basic checking account, a holiday or vacation club for special
occasions or a certificate or savings account to deliver better
savings rates, your Credit Union has it all.
In fact,
your fellow employees have created a Credit Union that delivers:
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Convenience
of payroll deduction and direct deposit, so your money
can earn interest immediately - even when directing dollars
to multiple accounts |
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Fast,
flexible, personal service you rarely see from large,
regional banks |
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Numerous
Credit Union Centers, which you may use close to home,
close to work, or wherever you are. |
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Hundreds
of ATMs you can use for FREE in Indiana and across the
country. |
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The
safety and convenience of the VISA™ Check Card. |
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Confidentiality
from an independent organization that's neither owned
nor operated by Clarian Health Partners. |
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Accurate,
reliable and dependable transaction processing |
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Checking
Accounts:
Share
Draft Checking
This checking account offers maximum
convenience an easy access with NO regular monthly service
charges or minimum balance requirements. Other checking account
features include:
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First
50 checks FREE |
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Unlimited,
free access to Clarian Federal Credit Union ATM machines
and Alliance One machines |
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Monthly
statements for easy account balancing |
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Two
overdraft protection options |
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Direct
deposit/payroll deduction |
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VISA™
Check Card |
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For lost or stolen debit cards, call 1-800-523-4175. Available 24 hours a day, 7 days per week.
Please note: Using debit cards for purchases have been blocked in all foreign countries to protect our members from any fraud transactions occurring. |
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Savings
Accounts:
Share
Savings
This is the account which establishes
your Credit Union relationship. The $10 required minimum balance
will remain in your account as long as you're a member. Among
the benefits of this account:
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Dividends
paid monthly |
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ATM
access (something most banks don't offer for customers
who only have savings accounts) |
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Payroll
deduction |
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Monthly
bank statement |
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Eight
withdrawals/transfers per quarter without a service charge. |
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Money
Market Account
Serious
savers belong at Clarian Federal Credit Union. The Money Market
Account pays a higher dividend yield for higher balances. This
five-tiered-rate account pays dividends monthly. Your dividend
rate depends on the average daily acount balance each month.
Other benefits include: |
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Monthly
account statement |
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Low
minimum balance of $500 |
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No
fees (if balance is kept above $2,500) |
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Dividends
are paid monthly |
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Christmas
Club
If playing Santa Claus leaves you financially
snowed-under each January, your Credit Union can help you weather
the storm. By making deposit throughout the year - as much or
as little as you like - you'll have some or all of your holiday
expenses paid in advance. The account features: |
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No
minimum deposits or balance rules |
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Payroll
deduction available |
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Lump
sum payout each November by transfer to your savings or
checking account |
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Option
to withdraw deposits at any time, less accrued interest
and dividends, plus a $5 service charge. |
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Vacation
Club
With the same benefits and requirements
as the Christmas Club, you can save throughout the year for
spring break or your dream vacation with payout at the end of
March. |
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Share
Certificates
Share Certificates earn higher interest
rates than savings accounts or clubs by committing funds for
a specified period of time. Your Credit Union certificates include:
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Three-month
to five-year terms |
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Minimum
opening balance of $1,000 for three- to six-month certificates |
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Minimum
opening balance of $500 for longer-term certificates |
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Dividends
compounded - paid monthly |
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Automatic
renewal until you decide otherwise. |
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Dividends
paid by check, by transfer to other accounts or left to
compound. |
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Individual
Retirement Accounts
It's never too early to start thinking
about your golden years, and Individual Retirement Accounts
(IRAs) can help. Your Credit Union's IRAs provide: |
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18-month
term |
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Dividends
credited and compounded monthly |
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Automatic
renewal at maturity. |
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Please consult a tax authority for information regarding your
eligibility for an IRA and the amount of income and dividends
you can defer. |
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Services Enhance Checking/Savings Convenience: |
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Accessline
(962-1096)
You can check the status of your accounts
and complete transactions 24 hours a day. Among the services
you can access by phone: |
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Transfer
funds between accounts |
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Confirm
the balance in any account |
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Confirm
which checks and deposits have cleared. |
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Make
loan payments |
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Overdraft
Protection
Avoid the fees, hassle and embarrassment
of a bounced check. Two types of overdraft protection are available.
Call your Credit Union for more information about: |
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Automatic
transfers from your savings to checking account to cover
an overdraft |
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Line
of credit to cover an overdraft |
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| Loan
Products |
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Credit
unions exist to help their members achieve their financial
goals and objectives. One of the most important roles of the
credit union is to help members with their borrowing needs.
Because Clarian Federal Credit Union offers extremely attractive
rates and terms, your Credit Union should be your first stop
when you need a loan.
Clarian
Federal Credit Union bases loan approval decisions on information
supplied by the member and credit reporting agencies. Each
loan request is individually evaluated and lending decisions
are governed by policies established by the Credit Union Board
- a group of Credit Union members. Your Credit Union is also
an Equal Opportunity Lender and a Fair Housing Lender.
In fact,
your fellow employees have created a Credit Union that delivers:
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Quick
decisions on loan requests. |
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Consistency
and fairness in our lending policies and decisions. |
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Confidentiality
of your credit history and financial information. |
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Convenience
of payroll deduction and/or automatic transfer from checking
and savings. |
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Fast,
flexible, and personal service you rarely see in large,
regional banks. |
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Accurate,
reliable and dependable loan processing |
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Prompt,
courteous resolution of any problems you may encounter
with your loan. |
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Home
Equity Loans
Want to fix up your home? Buy a new
car? Take a vacation? Consolidate your bills? Home equity
loans from your credit union offer low, competitive rates
with terms ranging up to 15 years - plus all the potential
tax benefits of home equity borrowing. Other features:
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No
closing costs at all (regardless of loan-to-value) |
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Attractive
fixed rates |
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Tax
deductibility of interest for most borrowers |
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Monthly
or biweekly payments by cash, transfer, or payroll deduction |
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Home
Equity Line of Credit
Sometimes, homeowners want to use their
home equity over a period of time. With our Home Equity line
of credit, you're in control of how much you borrow and when.
Instead of reapplying each time you need more cash, we will
establish a line of credit which you may use whenever you choose.
A home equity line of credit has all the benefits of a home
equity loan with these differences: |
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Credit
limits ranging from $5,000 to $100,000 or more |
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Convenient
access to your available credit simply by calling the
Credit Union and requesting an advance |
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Interest
is paid only on the amount borrowed not on the entire
line of credit |
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The
minimum monthly payment is the greater of 1 1/2% of the
unpaid balance or a monthly payment of $100 |
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Variable
rate loan as low as the Wall Street Journal prime
interest rate |
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Interest
rate may change at the beginning of each month. |
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| Use
this simple worksheet to estimate your home equity borrowing
potential. |
| Estimating
Your Home Equity Power |
| Value
of your home |
$____________
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| 85%
of the value of your home |
$____________
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| Subtract
the balance of your first mortgage |
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$____________
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| Your
equity power* |
$____________
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| *If
an appraisal of your property confirms the value
you used above and if the balance of your first
mortgage is accurate, this is the amount of available
equity you have for either the Credit Union's Home
Equity Loan or Home Equity Line of Credit. The actual
loan amount you obtain will also be influenced by
your total monthly obligations and your credit history. |
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Platinum and Classic
VISA™
Your Credit Union offers two types of credit cards that help to keep interest costs down. Apply today for our Platinum or Classic Visa Credit Card and start enjoying acceptance by merchants worldwide! Your credit limit is based on income and past credit history. |
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No
annual fee |
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Fixed rates as low as 9.90% |
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Minimum monthly payment as low as 2.5% of the unpaid balance |
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Can be used to consolidate balances of high-rate credit cards |
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New
Car Loans
If you're buying a new car, apply for
your loan before you begin shopping. Clarian Federal Credit
Union will pre-approve your loan request so you can make your
best deal with confidence that you already have financing. Sample
terms include: |
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Finance
100% of the purchase price |
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Three-
to six-year loan terms |
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Low,
competitive rates |
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Quick
turnaround time on loan requests |
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Your
choice of monthly payments by cash, check or automatic
transfer from checking and savings |
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Bi-weekly
payments by payroll deduction for loan payments. |
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Used
Car Loans
Your Credit Union can make your used car
shopping experience simpler. Sample terms include: |
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Financing
of up to 100% of the used car's value according to the
National Automobile Dealers Association |
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Terms
up to six years |
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Competitive
rates |
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Your
choice of monthly payments by cash, check or automatic
transfer from checking and savings |
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Biweekly
payments by payroll deduction for loan payments. |
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Personal
Loans
If you need a smaller amount of cash for
a short time, ask us about personal loans. We'll consider any
request no matter how large or small. Monthly and bi-weekly
repayment plans are available, including payroll deduction. |
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Overdraft
Protection Line of Credit
Protection from the fees, hassle and embarrassment
of a bounced check is available through our overdraft protection
line of credit. Features include: |
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Fixed
rate |
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Minimum
monthly payment is 3% of the credit limit |
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Consolidation
Loans
If your total monthly payments on other
loans have grown to where you're feeling a financial crunch
every month, it may be time to think about consolidating several
debts into one loan to reduce monthly payments. Any of our loan
programs may be used for the consolidation of other obligations.
We will work with you to create a loan which gets you the needed
relief. |
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Free
Financial Counseling: Get help before you get in too deep
If you've been turned down for a loan
or are having difficulty meeting your monthly obligations, Clarian
Federal Credit Union may be able to help. By discussing your
situation and concerns, we can suggest realistic and practical
solutions in many cases. If we're unable to help, we'll refer
you to individuals or groups that can provide the information
you need. Call us for a private, confidential appointment. |
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