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Checking Accounts - Here Are The Personal And Business Checking Options Available To You. . .
 It might seem like a chore to change checking accounts, but it's just a matter of following a few steps, which we have outlined in our Switch Kit. In addition to that, we guarantee to help you every step of the way to make the Switch to a credit union checking account. Check out our Switch Kit page, and then take us up on our guarantee.
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Here's our High-Interest
Reward Checking Account...
The checking account that pays you big rewards.
Everyone who lives or works in Stearns, Benton, or Sherburne county is already eligible to be a member of St. Cloud Federal Credit Union. If you have always wondered what a credit union is, now you can find out first-hand, and enjoy the financial benefits of membership! Profit to the People, not the stockholders!
Does your checking account pay premium interest?
Does your bank or credit union automatically reimburse you for ATM fees when you use another financial institution's cash machine?
Why pay for checking when we offer a FREE checking account that pays you?
Here's how Reward Checking works at St. Cloud Federal Credit Union. . .
YOUR REWARDS How To Receive The Rewards - Use our free Debit Card at least 12 times a month.
- At least one Direct Deposit or Automatic Withdrawal must be posted on your account during the monthly cycle dates (see the monthly schedule below). As an option, one monthly payment using our free Online Bill Payer service qualifies.
- Enroll in our free e-Statement service.
- Regularly use our free Online Banking service.
- Maintain a current email address on record at the credit union.
Apply for Reward Checking online now at StCloudReward.com
If your Reward Checking account does not meet the qualifications any given month:
- Your account still functions as a free checking account earning a Base Rate.
- No monthly service charge.
- However, ATM fees will not be refunded that month.
- The interest rate and APY are subject to change at any time after the account is opened. We plan to maintain a rate that will always be higher than CD rates.
- There is a $100 minimum deposit required to open a checking account. After that, no minimum balance is required.
- Available as personal accounts only.
Here is the schedule of monthly reward cycle dates. To qualify for rewards for each month, the five points listed above in "How To Receive The Rewards" must be completed between the dates shown below.
| JANUARY | December 31 - January 30 | | FEBRUARY | January 31 - February 27 | | MARCH | February 28 - March 30 | | APRIL | March 30 - April 29 | | MAY | April 30 - May 30 | | JUNE | May 31 - June 29 | | JULY | June 30 - July 30 | | AUGUST | July 31 - August 30 | | SEPTEMBER | August 31 - September 29 | | OCTOBER | September 30 - October 30 | | NOVEMBER | October 31 - November 29 | | DECEMBER | November 30 - December 30 |
Details: The current high Premium Rate is paid on balances between one penny and $25,000, and the Minimum Rate is paid on all amounts above $25,000 each statement cycle that the minimum qualifications are met.
If you do not meet the qualifications per cycle, your account will still function as a free checking account earning a Base Rate; however, ATM fees will not be refunded for that time period.
The interest rate and APY are subject to change at any time after the account is opened. However, the Reward Checking Premium Rate is not a temporary rate or "teaser" rate. Reward Checking will always pay a high competitive rate.
There is a $100 minimum deposit required to open any checking account. After that, no minimum balance is required on Reward Checking.
Available on personal accounts only.
No monthly service charge.
ATM fee refunds up to $25 per statement cycle when qualifications are met.
All accounts qualify for full rewards during the first month they are open.
Apply for Reward Checking online now at StCloudReward.com
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Benefits On All Personal Checking Accounts
Regular Checking  - No Monthly Maintenance Fees
- No Minimum Balance
Dividend Checking - Dividend Figured Daily, Paid Monthly
- Competitive Dividend Rate
- $500 Minimum Daily Balance
- $5.00 Monthly Fee if Balance Falls Below Minimum
Prestige Club Checking - Members Age 60 or Better
- Available to members age 60 or better
 FREE Basic Checks; must have Direct Deposit - Dividend Figured Daily, Paid Monthly
- Competitive Dividend Rate paid on entire checking balance
- No annual fee
- No Monthly Maintenance Fees
- FREE - unlimited CO-OP Network and MoneyPass ATM Card Transactions, and other benefits
- To qualify: maintain a monthly average balance of $10,000 or more in any combination of credit union accounts -- deposit and/or loan services (not including credit cards or student loans), as the balances apply to one member number. During any month that the combined average balance drops below $10,000, there is a $5.00 charge.
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Business Checking Options
Benefits on all Business Checking plans:
 | Immediate credit on deposits, including Saturdays; no cut-off time. | | Free telephone transfers. | | Overdrafts can be covered from savings. |
1. Small Business Checking
- Deposit 25 or fewer checks per month
- No monthly maintenance fee
- No minimum balance requirements
- Unlimited check writing; no per-check charge
- Free Debit Card
2. Business Checking - Deposit 26 to 99 checks per month
- 10 cents per check deposit charge
- Daily dividend on balances of $3,000 or more
- No monthly maintenance fee
- No minimum balance requirements
- Unlimited check writing; no per-check writing charge
- No currency/coin order fees
- Free Debit Card
3. Commercial Checking - Deposit 100+ checks per month
- 10 cents per check deposit charge
- $20 monthly maintenance fee
- Daily dividend on balances of $3,000 or more
- No minimum balance requirements
- Unlimited check writing; no per-check writing charge
- No currency/coin order fees
- Free Debit Card
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Benefits of the Debit Card - FREE - Unlimited Usage.
- Make purchases without having to write out a check.
- Replaces the check blank, and it's less expensive than buying checks.
- The Debit Card can be used anywhere Visa cards are accepted, worldwide.
- Also functions as an ATM Cash Card, which allows you to access your checking account or primary savings account 24 hours a day.
How to Become a Member and Open Your Checking Account.
It's Quick and It's Easy
| Come by the credit union office to become a member, and to sign the Signature Card. | | Make your initial deposit of $25.00 ($15 for New Membership fee; plus, $10 must be maintained at all times to maintain active membership). |
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