When you join Gratiot Community Credit Union, you do so by opening a regular share account with a minimum of $5.00. This amount must remain in your account to be eligible for other services such as loans, Visa cards and more.
The Credit Union offers a variety of savings to suit your needs. All savings accounts earn dividends which are paid back into the account they are earned on.
Regular Shares
This is your primary savings account at the Credit Union. You may be entitled to have other services, now that you have this account. Your regular shares may also be used for overdraft transfers to your checking and can be used as security on a loan. Share accounts (including minor accounts, sub share accounts, and regular share accounts) are now paying 0.15%.
Club Accounts
Vacation Club
Your vacation club is a separate savings account from regular shares. A deposit of just $5.00 is required to open the account. It can be used for any purpose and may be deposited into the account until May 31st. Dividends are paid June 1st of each year. Check out our rates page to see what the Vacation clubs are paying.
Christmas Club
This is an ideal way to save for your holiday expenses. A deposit of just $5.00 is required to open the account. You are able to make deposits throughout the year for any amount at any time. This account is rolled over on November 1st of each year by a transfer to your regular share account. Dividends are paid to the Christmas club account before the transfer is made. Check out our rates page to see what the Christmas clubs are paying.
Share Certificates
By investing in a Credit Union certificate of deposit, you earn a higher dividend than the regular share account. You must deposit a minimum of $1000.00 to open a certificate. Dividends are paid back into the certificate or into your regular share account.
Certificates may not be added onto during their term and withdrawals made from the original amount of the purchase is subject to a penalty. You can direct your certificate dividends to be paid back into the certificate, into your regular share account, or we can mail a check.
Youth Accounts
Developing sensible financial habits at an early age can be the key to responsible behavior. A youth account at Gratiot Community Credit Union is a great way to teach kids the value of saving for their future. It’s never too early to start your child’s savings account and get them involved in handling money. The Credit Union makes it fun and easy.
Checking
Having a checking account with the Credit Union allows you the following benefits:
- No per check fee
- Overdraft transfer availability
- Overdraft loan protection (to qualifying members)
- Dividends paid on balances over $2,500.00 on investment checking only
Other Services Offered
CU*TALK
Telephone banking – Try It! Our 24 hour telephone banking system will give you balances, allow you to make transfers, as well as quote you our current rates. Dial 1-800-860-5704 for CU*Talk. If you are a first time user, call and we will walk you through all the steps you will need.
IRA
We offer several types of IRAs. Please contact the office for rates and further information. The rate for an IRA account is currently 0.75% and an APY of 0.75%.
Direct Deposit
This is the safest and most convenient way to deposit your government and/or paychecks. Your money is automatically transferred to your Credit Union and you don’t have to worry about lost, stolen or delayed mail checks. Also, payroll deduction of your net pay is a great way to save more or make your monthly loan payments. Even better, there’s no cost to sign up for either service. Call or visit the Credit Union office for more details.
Loans
Need a loan? We have several different kinds of loans for whatever your need may be. We have auto loans, recreational vehicle, boat, lawn mower, motorcycle, Visa card, and yes, even vacation loans. It’s easy to finance or refinance, come fill out an application today! Great rates too! Come in and visit our loan department at our Alma or Ithaca branch.
Home Equity
Everybody’s doing it! Getting a home equity loan with Gratiot Community Credit Union (NMLS 403078). We have great rates and easy payments with ten and fifteen year terms, open and closed end options. The greatest loan is under your own roof! You can use these loans for weddings, school expenses, home improvement, debt consolidation or whatever your need may be. Stop in today and see Lisa Leiferman (NMLS 365542), Seth Kissling (NMLS 1005985), or Brenda Miller (NMLS 933064) at the Alma Branch or Katina Struble (NMLS 353128) at the Ithaca Branch.
Electronic Services
- Debit cards available!
- Automated Teller Machine (ATM) – Allows you access to your money 24 hours a day, 7 days a week
- Audio Response System – CU*TALK – Access your accounts by telephone 24 hours a day, 7 days a week
- Home Banking with It’s Me 247 Online Banking – Bank on the internet anytime, any place
Equal Housing Lender