Peace of Mind Services!
At STE, you can be confident your money is safe with us, easy to access, and available to use between accounts. For members who work for the state of Ohio the added service of payroll deduction is also available.
Deposit Insurance
Each account holder is federally insured up to $100,000, which is backed by the full faith and credit of the federal government through the National Credit Union Administration. For further protection, we provide an additional $250,000 of insurance - for a total of $350,000 per owner. Traditional and Roth IRA's are insured aggregately up to $250,000. This means the total insured amount for any one individual could be up to $600,000. Now that's reassurance!
Accessing Your Funds1
We don't make you jump through unnecessary hurdles to get to your money. There are a variety of ways to access your funds other than taking your time to visit us in person.
- Check Withdrawal by telephone, online banking, or our 24-hour telephone service. Unlike many institutions, we do not charge you a fee for mailing a check withdrawal or requesting services made with a live teller
- Debit card or ATM card - You can access your savings and checking accounts at an ATM. Master Money debit cards are issued at no cost or monthly fee if you have a checking account. Your savings account can be accessed with the same card. If you do not have a checking account, you can still access your savings account with an ATM card. You have the option of obtaining this service for free if you are signed up for electronic statements. Otherwise, a nominal $2.00 monthly fee applies.
- Wire Transfer to another institution - You can wire funds in and out of your accounts. Call our office for wiring instructions.
- Shared Branch - With our shared branch locations, you can access your credit union accounts at almost 200 locations statewide. You can deposit or withdraw funds to/from your accounts.
- District Representative- ODOT employees can access their funds by check request delivery on the district driver between Central and the District office.
Overdraft Protection2
- Overdraft from other deposit accounts - We can set up an automatic transfer between accounts to cover overdraft situations. There is no set up fee, no monthly service fee, and the first three transfers from each account are free.
- Overdraft from Loans - A loan to cover overdraft situations is available as an added layer of protection.
- Courtesy Advance (Negative Over-Drafting) - Courtesy Advance provides you with a cushion that will permit an account to be withdrawn up to $500 after current overdraft protection arrangements have been utilized (ex: transfers from savings). Checking accounts opened for more than 90 days may automatically be eligible for this program. Courtesy Advance is a non-contractual agreement and the coverage is extended as long as an account remains in good standing. Most transactions such as checks, cash withdrawal, debit card purchases, on-line bill pay payments, etc. are covered up to the $500.00 limit. We will apply insufficient funds fee of $25.00 for each transaction that we honor and will notify you each time your Courtesy Advance service is activated.
With these extra layers of protection, you can have peace of mind reducing the likelihood of embarrassing moments from returned or denied items.
Payroll Deduction
If you are a state employee, you can set up a payroll deduction and automatically have a part of your pay deposited to STE, while the remaining goes to another financial institution. This deduction can be split many different ways into multiple accounts. An automatic savings plan is the easiest way to build a savings account. Payroll deduction also makes a convenient loan repayment method.
1Time deposit accounts with fixed maturity dates cannot be accessed prior to maturity without risk of penalty. Full terms and disclosures are provided upon account opening. Not all accounts can be accessed with every method stated above.
2Full disclosures and terms and conditions provided upon activation of each service. Contact our office for details.
