Regular Savings or Share Account
This account is the first step to membership in Meridian Mutual. A minimum deposit of $15.00 is required -- $5.00 will remain in your account and $10.00 is a non-refundable membership fee. To obtain dividends you must maintain a $100 balance in your account. Dividends are calculated on the average daily balance and are paid quarterly once declared by the Board of Directors. You are allowed 6 withdrawals per month with no penalty. Once you have opened the share account all of the other services of the credit union are available to you. There is no waiting period for the additional services.
Our checking account is one of the best examples of credit union value. There is no minimum balance requirement, no monthly service fee, and no limit on the number of checks written per month. The only thing that we request is that you purchase your first box of checks from us.
We use a duplicate check design, which gives you a copy of every check you write for easy record keeping. We also offer a VISA debit card that can be used as a paperless check. The funds will be debited directly from your checking account. There is a nominal fee for this service.
Vacation Club or Special Savings
Let Meridian Mutual help you plan for that special vacation or big item purchase. There is no minimum balance requirement for these accounts; however, in order to obtain dividends you must maintain a $100 balance in your account. Dividends are calculated on the average daily balance and are paid quarterly once declared by the Board of Directors.
At least once during the year we all have a need for some extra cash—Christmas time! If you’re like most people, it isn’t always easy to set enough money aside ahead of time to cover these expenses. We usually end up putting these costs on a high interest credit card. Let Meridian Mutual help plan for these expenses by opening your Christmas club account. It can be opened at any time. Dividends are calculated on the average daily balance and are paid quarterly once declared by the Board of Directors. For your convenience, the funds are transferred into your share account on October 1st.
Certificates of Deposit
When your savings have grown, or if you have an additional amount to invest, you may be ready to take advantage of a share certificate. A minimum balance of $1,000 is required and terms of 6, 12, 18, 24, 30, 36, and 48 months are available. Rates are competitive and are declared by the Board of Directors. Dividends are compounded quarterly or paid at maturity.
A successful and enjoyable retirement requires the vision to plan for your future now. An Individual Retirement Account will help fulfill your vision of a happy retirement and help decrease your tax burden now. Meridian Mutual offers an IRA Certificate with the same rates and terms as the regular certificates. Terms of 18 & 30 months are available.
Money Market Savings
Money Market Savings is a savings with flexibility and availability. This account offers you a higher tiered interest rate than a regular savings account. A minimum deposit of $2500 is required. There are no waiting periods or terms. Life is full of unexpected events and your money should be available when you need it. You will not find any withdrawal penalties on your first 6 withdrawals. Dividends are paid monthly so you can have money in your pocket now.
With It'sMe247 Online Banking, you can keep in touch with your credit union accounts any time, from any place life takes you! If you have a computer, smart phone, or tablet, and a connection to the Internet, you can use It'sMe247 to check balances, transfer money, and stay connected with your credit union accounts around the clock.
• VISA Debit cards
• VISA Credit cards
• Direct Deposit
• Money Orders
• Payroll Deduction
• Share to Loan Transfers for loan payments
• ATM Cards—machines in 4 locations
• Cashier Checks
• Domestic and International Wire Transfers
• 24 hour telephone account information
• Credit Life Insurance
• Credit Disability Insurance
• NADA Car Book
• Notary Public Service
• Safe Deposit Boxes
• Night Deposit
• Convenient Drive-Thru
• Bank by Mail