Share Draft Policy (Effective 7/16/98)

  1. Effective August 1998, Share Draft Accounts (checking accounts) will be available to all members of the WEE Federal Credit Union.

  2. Account holders will purchase share drafts (checks) at cost
    plus postage.
  3. There will be no required minimum balance for maintaining a share draft (checking) account).

  4. WEE Federal Credit Union reserves the right to close any account should there be fewer than four transactions in any 12-month period.

  5. An account holder may authorize the Credit Union to automatically transfer funds from share accounts (savings accounts) to cover overdrafts in his/her checking account.

  6. Deposits to share draft accounts (checking accounts) may be made in person, by mail, through payroll deduction, or by direct deposit (ACH Number 251579377).

  7. Dividends will be paid monthly on share draft accounts (checking accounts) that maintain a $100.00 balance.

  8. The following are the only charges that will apply to share draft accounts (checking accounts):

    A. Overdraft fee transfer
    $10.00 per check/transfer
    B. Stop payment fee
    $5.00 per check
    C. Photo copies of checks
    $2.00 per check
    D. Any charge by a bank other than the Credit Union for handling a member's draft (check).

  9. Account statements will be prepared and mailed to each account member monthly.

  10. If it becomes necessary for the Board of Directors to change or add to the terms, rates, conditions, and service charges applicable to share draft accounts (checking accounts) members will be notified immediately.

If you have any questions about our Share Draft policy, please contact us.