| "Member Privilege" Overdraft Protection |
| Club 55 |
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Notary Services |
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Tell-A-Phone Audio Response & Online Account Access |
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Insurance Products |
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Safe Deposit Boxes |
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Statements |
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Transfer Funds |
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Money Orders and Teller & Certified Checks |
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Traveler's & Gift Cheques |
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Member Privilege is an overdraft limit of $400.00 that is automatically assigned to your share draft account after the initial 6 month waiting period on new accounts. It provides you with an added level of protection against unanticipated cash flow emergencies and account reconciliation errors. There is no need to sign up for anything. You also have the right to “Opt” out of this program at any time.
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How does it work?
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As long as you maintain your account in good standing (defined by making deposits and bringing your account balance positive at least once every 30 days) we will honor overdrafts of up to $400 (including the overdraft fees). You may use this service by writing a check, ATM withdrawal, Online Banking, Tell-A-Phone, or Debit card transactions and must bring the account back to a positive balance within 30 days from using this service.
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How Much does this service cost?
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There is no additional cost for this service. However you will be charged the
standard NSF fee of $25.00 per transaction. When the service becomes available
on your account, you will receive important information detailing this service
for your information and records.
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Please call or e-mail us for more information or to request a brochure.
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Club 55 is a very special club for very special
people — and membership is automatic if you meet
eligibility requirements! You will be enrolled in
Club 55 automatically provided either you or a joint
owner on your account is 55 years of age or older
and your average total account balance for the month
is $1,000.00 or higher. As a member of Club 55 you
will enjoy waived fees for Traveler's Checks and
Money Orders, free checking, free seminars, and
much, much more! You even receive a special Club
55 Members Only statement on your account ...
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Notary Public Service is available at all our Branch
locations during normal lobby hours, although we
suggest that you call ahead for appointments- especially
on the 1st and 15th of each month and on Fridays
as those are our busiest days. Signature Guarantees
are available at our Main Branch only. We waive
the $10.00 per signature Notary Fee for active Credit
Union members.
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You don't have to come into one of our branches
or run to an ATM to access your Central Coast FCU
account... All you need is either a touch-tone phone
or a PC connected to the Internet (and we know you
have one of those, otherwise you wouldn't be here!).
With Audio Response Tell-A-Phone you may verify
your account and individual share balances, make
loan payments and share-to-share transfers, check
account histories, and so on. On any touch-tone
phone, you just type in your account number and
a credit union-assigned personal identification
number in order to access your account 24 hours-a-day,
7 days-a-week. Online Account Access lets
you do everything you can do with Tell-A-Phone and
then some. Do you have Quicken or Microsoft Money?
you can download account information into either
one of these Home Financial Software packages! Want
to pay your bills online? We offer this service
free of charge, regardless of the number
of bills you pay! You can order checks, send us
secure messages, apply for loans and much, much
more! To print out the Online Account Access
Application, click here
(requires Adobe Acrobat Reader).
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Accidental Death and Dismemberment Insurance:
Each member receives $1,000 in coverage at no charge. You may
elect to increase this coverage at anytime (as long as you
are an active member) for a small, quarterly premium
deducted directly from your Prime Share savings account.
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Member Payment Protection: What if you were
to become sick and unable to work? How would you
make your loan payments? Or worse, what if you were
to pass away? Do you want to leave your spouse with
the burden of making loan payments? Member Payment Protection is what you need
to prevent such a scenario from ever occurring ...
Premiums for this valuable insurance are extremely
affordable and are included in your regular monthly
loan payment. For example, Single Credit Life and
Single Credit Disability Insurance premiums for
a sixty-month automobile loan would be the equivalent
of adding about one extra payment to the loan. We
offer both single and joint coverage.
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Mechanical Breakdown Insurance: The average family
drives their car 18,000-20,000 miles per year. Given
that many miles driven, your vehicle could be out
of its manufacturer's warranty in less than two
years! And once that warranty is up you are looking
at $435 for a new fuel pump, $675 for a new air
conditioner compressor, $2450 for a new transmission...BIG
expenses should anything go wrong! You could buy
an extended warranty from the dealership- but is
that the best deal? The dealer's extended warranty
may only be valid if repairs are made at the dealership.
It may only cover the drive train (engine and transmission).
We offer Mechanical Breakdown Insurance on new and
used vehicle financing. Coverage is "bumper
to bumper" and you can bring the vehicle to
almost any shop for required repairs. Our policies
carry additional benefits such as rental, towing,
tire, lockout and trip interruption coverage. You
get a choice of deductibles and the total premiums
can be as low as 1/2 the cost of dealership extended
warranties! Call our loan officers for details.
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GAP Insurance: This valuable
insurance covers the difference of what you owe
on your Central Coast FCU auto loan versus what
the Blue Book value of the vehicle is. Why purchase
GAP insurance? Say you were to get into an accident
one year after purchasing your car and the car was
totaled. Your insurance company would give you a
settlement in the amount of the Blue Book value,
regardless of what you owe on your loan. If you
owed $20,000.00 and the insurance settlement was
$15,000.00 you would be required to continue to
make loan payments on that $5,000 difference even
though you are no longer in possesion of the vehicle.
GAP insurance would pay that difference for you!
How much is GAP coverage? Only $349.00 for the entire
term of the loan (up to 84 months) for both new
and used vehicles.
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We offer Safe Deposit Boxes at our Salinas Branch
office in three sizes. A small box rental is only
$25 a year, mediums are $35 a year and large are
only $75 a year. There is a $20 key deposit required
to open a safe deposit box. Stop by our Salinas
Branch or call (831) 424-2325 for details on box
rentals ...
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All active Credit Union members are at least issued
quarterly statements of account. If you have a checking
account, direct deposit, or you completed an "electronic"
transaction (ATM, Audio Response, Point of Sale,
Online Banking) any time during a given month you will
be sent a monthly statement. Your statement will
list all activity on your account for the statement
period, plus year-to-date information on dividends
earned and/or interest paid. If you have a checking
account, you will receive a list of all checks cleared
in both order of clearing and check number order.
You can request copies of statements going back
as far as six years for $2.00 per statement.
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Bank-to-Bank Wire Transfers: You may transfer funds to or from any other financial institution in the Federal Reserve Banking system with our Bank to Bank Wire Transfer Service. We send and receive wires twice a day- at 10:00 AM and 2:00 PM. To transfer to another institution we need that institution's routing and transit number and your account number. There is a $20.00 fee for outgoing wires ($25 if you don't know the routing and transit number). We have no fee for incoming wires.
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Western Union Wires: We offer Western Union Quick Cash service for both domestic and international locations. Any where there's a Western Union office your Central Coast Federal funds are available to you! Just give us a phone call during normal business hours and within 45 minutes you'll have as much as you need. We charge $25.00 for domestic Western Unions and $35.00 for International (up to $500.00- international amounts over $500 are $25.00 plus 2% of the principal amount sent). International Western Unions may not be available in all countries- notable exceptions are Mexico, Japan, and any country not on the "most favored trade status" list with the US government. Sorry, we do not offer Western Union "Quick Collect" Service for paying bills...
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Online Bill Payment Service: Our Bill Payment services are offered free of charge to any member signed up for our Online Account Access service. We designed our Bill Payment service to allow you to pay bills on any day you wish in any amount you wish. You have total control over setting up new payees, modifying existing payees, or deleting old payees. You can even schedule recurring monthly payments!
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Money Orders are a safe, convenient way to send money (up
to $1,000.00) via US Mail, FedEx, UPS, etc. and are
available for $1.00 each (free to Club 55 members). We
also offer Teller Checks- at no charge if made out to the
accountholder, $2.00 for special payee preparation. If you
need guaranteed funds, a Certified Check is the way to go.
Certified checks are $2.00 each (waived for Club 55 members).
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We offer American Express Traveler's Cheques, the most widely-accepted in the world.
You can purchase checks in denominations of $20, $50 or $100 in either single-party or
two-party style. Single-party checks are free and two-party check cost is 1.5% of the value purchased, $150 minimum. We waive the cost
for Club 55 members and Vacation Club withdrawals. We also carry American Express Gift
Cheques in $25, $50 or $100 denominations. Gift Cheques are the perfect gift idea for
that person who is impossible to shop for! Gift Cheques are $2.50 each.
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