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Important Information about your Dormant Account…

For Your Protection:  Our office will ask multiple questions to verify your identify before preforming any service or providing any information on your account to keep your account safe.

If you have any questions about this process, please inquire with one of our offices in person or over the phone.

The cost of maintaining inactive accounts has made it necessary to update our Dormant Account Policy. A DORMANT ACCOUNT is a main share account(01)* that has a balance of $100.00 or less (up from $35.00 or less) for a period of one year and the member has not contacted the credit union during that time.

If an account is dormant and the member uses no other credit union services, a dormant account fee of $25.00 (up from $10.00) will be assessed for notification of the status of the account, and for the continued maintenance of the account. If the fee takes the account below the $5.00 required minimum balance, the fee will be the actual account balance and the account will be closed.

Dormant Account notices will be sent monthly with a two week window to allow for deposits and prevent any fees. We encourage you to get into the habit of depositing at least $5.00 into all of your accounts on an annual basis.

*Share accounts earn interest on balances of $50.00 or more

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