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FAQs . . .
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| How Do I Become a Member? |
| If your employer is an SRFCU sponsor
company, you are eligible for membership.
If you have an immediate family member who is an
SRFCU member, then you are eligible. If you
live, work, worship or attend school in Jackson, George, or Greene
Counties, you are eligible for membership. If your
employer is not a member, consult your CEO or HR
director. Have him or her contact an SRFCU
member service representative for more
information on company sponsorship. The process
is fast and easy.
If you meet member eligibility requirements,
simply stop by any SRFCU branch to complete a
membership card. You must deposit at least
$10.00 into your share account at that time.
Upon completing a membership card, you may
authorize SRFCU to deduct a specified amount
from your payroll check or you can be set up on
direct deposit. Most members find it convenient
to have all or a portion of their payroll check
deposited in the Credit Union by means of
payroll deduction or direct deposit. Paycheck
stubs will serve as a receipt for your
deductions. |
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| What are Shares? |
| Savings in a credit union are called shares.
SRFCU offers the following share accounts,
which offer a competitive rate of return:
- Share Account (Savings)
- Share Draft (Checking)
- Christmas Club Shares
- Individual Retirement Accounts (IRA)
- Time-Share Certificates (CDs)
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| What Are Dividends? |
| Dividends are the returns (interest) a
member is paid on his/her savings. Credit unions
are not-for-profit organizations; therefore, the
earnings after expenses are divided and paid
back to the members in the form of dividends. |
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| Are the Savings in the
Credit Union Insured? |
| Yes! Each account is insured up to
$100,000.00 by the National Credit Union
Administration (NCUA). NCUA is a federal
government agency. Credit unions are insured by
the NCUA share insurance fund. NCUA is a credit
union equivalent to FDIC (banks) and FSLIC
(savings and loans). |
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| What Are the Advantages
for Joining a Credit Union? |
- Members, not shareholders, are credit
union owners
- Easy, one-stop shopping convenience
- Members can free-up valuable time by
depositing funds via payroll deduction
and/or direct deposit.
- Members can be assured that rates paid
on shares and rates on loans through SRFCU
will be competitive or better than rates
offered by other financial institutions.
- Free Checking
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| What happens when my debit card expires? |
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Once a member enrolls in SRFCU’s VISA® debit card program, he/she will be mailed a plastic debit card and a Personal Identification Number (PIN) via the VISA® Corporation. Most members—however—re-PIN their original cards with a series of numbers comfortable and familiar to them and/or easily remembered. As SRFCU-issued VISA® debit cards expire, new card (s) are issued and—again—mailed directly to the member. These “new” cards are formatted with the ORIGINAL PIN number; therefore, the card will only be operational if the member remembers the original PIN number sent to him by the VISA® Corporation during his initial enrollment in the program. If he does not remember the original PIN and/or would like to format the card with a different PIN, he will need to visit any one of SRFCU’s three convenient locations. An SRFCU Member Service Representative will gladly re-PIN the card at no additional fee.
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