Grow Your Money by Parking it Here!
Most of us have to work for the money it takes to provide for our life's needs and goals. No one wants to see their earnings eaten up by unnecessary fees and low savings rates. We can help you stretch your dollars by offering deposit accounts without ridiculous fees and we pay you the highest savings rates possible!
Whether you need a checking account that is free from maintenance fees, a savings account without minimum balance requirements and no withdrawal limitations, or more long-term savings such as high-yielding certificates, we have what you need. Further, our deposit services will give you peace of mind that your money is protected, accessible, and transferable between accounts.
At STE Credit Union, Inc., we monitor the rates other institutions are offering and price ours higher. We will never charge you a fee to call and talk with a live person for account assistance, for ordering a withdrawal from your account, requesting a transfer between accounts, cashing checks, or for us servicing your account. Your money is yours! We do not believe in charging you a fee to use it.
SAFE INVESTMENT
You can rest easy knowing your savings are safe and secure with STE Credit Union. We operate with a large safety net of capital. STE Credit Union maintains one of the healthiest capital ratios in the state of Ohio and across the nation, more than double the minimum required by regulators. We are examined by state and federal regulators who ensure the safety and soundness of our operations. Your funds are further protected by federal and private insurance.
Federally Insured
Your savings is backed by the National Credit Union Share Insurance Fund, a fund maintained by the U.S. Treasury and administered by the National Credit Union Administration. This federal insurance protects your money up to at least $250,000 and much higher depending on how you establish your accounts.
Privately Insured
By partnering with Excess Share Insurance, the nation's largest provider of excess share insurance to credit unions, we have further protected your savings by purchasing, at no cost to you, an additional $250,000 to your primary federal insurance. This increases your total insurance on individual accounts up to $500,000 or more for jointly owned accounts.
IRA accounts are insured separately from nonretirement funds, with each type insured up to $250,000 federally and an additional $250,000 privately, for a total up to $500,000.
NOTICE: TEMPORARY NCUA INSURANCE COVERAGE
In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, through December 31, 2012, all funds in “non-interest-bearing transaction accounts” are insured in full by the National Credit Union Administration. This unlimited coverage is in additional to, and separate from, the coverage of at least $250,000 available to members under the NCUA’s general share insurance rules.
The term “noninterest-bearing transaction account” included a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, such as a negotiable order of withdrawal (“NOW”) account, money-market account, or Interest on Lawyers Trust Account (“IOLTA”), even if share drafts may be drawn on the account.
The temporary full insurance coverage of “noninterest-bearing transaction accounts” expires on December 31, 2012. After December 31, 2012, funds in noninterest-bearing transaction accounts will be insured under NCUA’s general share insurance rules, subject to the Standard Maximum Share Insurance Amount of $250,000.
For more information about NCUA insurance coverage of transaction accounts, visit the NCUA's website.
