CES Credit Union, Inc. - Shared Draft/Checking

Share Draft/Checking

Open a Checking Account CES Credit Union offers a simple and easy-to-understand share draft (checking) account for our members at no charge.

Members can earn dividends on their checking balances as well, depending on the current rates and balances in the account.

Members receive a monthly statement with no monthly activity or charges of minimum balance requirements. An instant record of your activity can be found with ACCESS Online. You can also sign up or your statement to be delivered electronically, by email, usually on the first or second of the month.

Overdraft protection up to $100 provided Draftline line of credit loan attached to your share draft account is available (Draftline is available upon application and credit restrictions apply)
Free unlimited withdrawals at any CES Credit Union ATM location and no service charge transactions at hundreds of Alliance One ATMs throughout the Midwest, even to California. See the Alliance One website to find a location near you.
Four FREE ATM cash withdrawals per month at ATM locations other than CES Credit Union and two free non-monetary (store purchases, for example) per month. and $1 fee/use above these levels.
No minimum balance requirement applies.

Dividends: Dividends (commonly called "interest") will begin to accrue on the date of deposit. Dividends are calculated using the daily balance method which applies a periodic rate to your daily balance for the dividend period. If you close your account before dividends are credited, you will not receive accrued dividends. Dividends will be paid on your entire balance for any day you maintain a minimum balance of $100 or more (with the exception of members under the age of 18, who will receive dividends on their actual daily balance regardless of the amount.)Dividends are declared and credited on the last day of each calendar month. Until a new rate is declared by the Credit Union Board of Directors, the rate last paid will be the current anticipated rate. Dividends are paid from current income and available earnings.

No monthly maintenance charge or transaction fees: Some special service fees or abuse fees may affect your share draft account where special handling of the account is required.

Check printing: Members have a variety of choices for their personalized checks and we'll be happy to show you your options. The pricing is available from the credit union staff. Members with a regularly-scheduled Direct Deposit into their account get the Safety style checks (150 duplicate checks/box, personalized, in yellow, blue or green) at the discounted rate of just $7 per box.

Overdraft Protection: This is available in several forms for this account. Funds may be transferred from your other credit union shares or club accounts. Automatic transfer from line-of-credit loan and/or up to $100 overdraft protection are also available. A fee will be charged for the loan transfer and the overdraft protection.

Click here to sign up for e-statement. Forget your e-statement password?

Here is a partial list of fees and charges.
You'll find CES Credit Union to have the lowest fees in almost every category compared to our competition.

Membership Fee for Share Account (required)	$1.00
Share Draft Overdraft Fee Includes ATM and Check Card overdrafts	$25.00
Share Draft Overdraft Privilege Fee	$25.00
Share Draft Overdraft Loan Transfer	$5.00
Excess Transfer Fee (first 6/month free)	$3.00
Copies of Share Draft Items One copy with normal delivery One copy with rush delivery Free through Access Online Service	$3.00 $6.00
Stop Payment of Share Draft One Item For a series of 2 or more items Free to do-it-yourself stop payment w/ Access Online	$15.00 $25.00
Certified Checks	$5.00
Returned Deposited Item	$5.00
Collection Item	$5.00
Money Order	$1.00 each
ATM Transaction Fees (outside CES CU network) First 4 monetary & 2 non-monetary per month free Then each STAR Network transaction Then each Plus Network transaction	up to $2.00
Check Cashing Fee for Members Free if combined balances of over $100 Free if under 18 years of age	$2.00
Wire Transfer of Funds Send in United States Receive in US Send International	$15.00 $5.00 $35.00
Check Printing with Direct Deposit (One box order, Safety style available) Free if member is age 60 and up or for Member Appreciation Program	$7.00
Money Market Withdrawal (first 6 free per month)	$20.00

Other fees may be applicable as well. Please refer to the "Important Information Regarding Your CES Credit Union Account" brochure for more information.
(All fees effective as of May 1, 2009)

Free Bill Payment Service for ACCESS Online Users
Stamps are getting any cheaper, and you can't beat the speed of our Bill Pay service, a module of the ACCESS Online service. You can direct one-time and recurring (like every month) payments to national companies or local vendors or even individuals. Vary the dates and amounts in a instant. Look for the Bill Pay icon when you sign in through ACCESS Online.

Internet Gambling Notification

Important Account Notice Regarding an Update to the Federal Reserve Regulation GG - Unlawful Internet Gambling Enforcement Act of 2006

Unlawful Internet Gambling Enforcement Act (UIGEA) Requirements:
The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 prohibits any person engaged in the business of betting or wagering, as defined in the Act, from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. The Department of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act.
As defined in Regulation GG, unlawful Internet gambling means to "…place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law or tribal lands in which the bet or wager is initiated, received or otherwise made".
Please be advised that as a member (accountholder) of CES Credit Union, unlawful internet gambling transactions are prohibited from being processed through your account or banking relationship with us.
CES Credit Union will not open accounts for customers engaged in any Internet Gambling Business, including legal internet gambling businesses. In the event CES Credit Union receives actual knowledge that the credit union’s commercial customer is engaged in an Internet Gambling Business, credit union management will close the commercial member’s account.