How to Qualify for Free Money and Lower Rate.

Open a Checking Account and Recieve $100!*

The Details

TERMS AND CONDITIONS FOR PROMOTIONAL CHECKING ACCOUNT BONUS

The County Federal Credit union is pleased to offer a bonus of $100 to members who open a new share draft/checking account and establish direct deposit within 60 days of opening the account.  The checking account must remain open, active, and in good standing through the qualifying period to receive the bonus.

To receive the bonus, members must:

    1. Open a new personal share draft/checking account with The County Federal Credit Union with a minimum deposit of $200.00;
    2. Establish a recurring electronic direct deposit of a paycheck, pension, or government benefit (such as social security) from member’s employer or the government within 60 days of opening the personal share draft/checking account. Deposits received in connection with goods sold, person-to-person transfers between your County Federal Credit Union accounts or accounts at other financial institutions or brokerages do not qualify; and
    3. Maintain membership in good standing for 90 days. Membership in good standing requires that all account balances associated with the account holder’s Social Security Number must remain at or above the required minimum balance (see Rate & Fee Schedule for minimum balance requirements); and any loan associated with an account owner’s Social Security Number must not be past due (no more than 29 days past the Payment Due Date).

Once the above criteria has been met, the bonus will be directly deposited into the eligible checking account by electronic deposit within the next statement cycle.

Not available on business purpose accounts.  One bonus payment per person (based on Social Security Number).  This offer is subject to change without notice. Print version

Sign up for Automatic Loan Payments and Receive a Discount on your interest rate up to a .50%!*

Here’s How– When you set up an automatic payment of your loan we will give you a discount on your interest rate of that loan of .10% when the payment comes from another financial institution. When your automatic payment comes from a checking account with direct deposit here at The County Federal Credit Union, YOU WILL SAVE .50% ON YOUR INTEREST RATE.*

The Details

The County Federal Credit Union is pleased to offer an automatic loan payment discount plan to simplify the repayment of your loan(s). With automatic payments, we deduct your loan payments from a designated share draft/checking or share/savings account on or before the due date. As an additional benefit, you may be eligible for an interest rate reduction depending on the loan type. Please review the details below for information about available discounts, terms and requirements. *Restrictions apply, see disclosure on the form below.

TERMS AND CONDITIONS FOR RATE REDUCTION

If the loan is eligible, interest rate reduction will reduce the amount of interest paid over the life of the loan. This does not reduce the current payment amount, but it may reduce the number of payments or reduce the amount of the final payment.

This accommodation is solely at the discretion of the credit union and does not alter the terms of your legal obligation, which is set forth in the note. Therefore, the credit union may discontinue the discount and charge the interest rate otherwise in effect under the terms of your loan if the requirements below are not met.

    1. Eligible loan types will receive a 0.10% discount when the borrower(s) establish an automatic payment from a share/savings account at the credit union subject to the following:

a. Original loan interest rate will be discounted by 0.10% for each month an automatic payment is timely made.

b. Timely automatic payments shall be applied to accrued interest first and the balance to principal.

c. Discount may be canceled if one or more of the following occurs:

          1. Member fails to implement automatic payments on the loan within 60 days of the original loan date;
          2. There are insufficient funds in the account to make the full payment on the loan timely;
          3. Member cancels automatic payments on the loan at any time after repayment begins;
          4. Any loan at The County Federal Credit Union for which the borrower(s) is/are obligated becomes past due (greater than 30 days past the Payment Due Date)
    1. Eligible loan types will receive a 0.50% discount when the borrower(s) establish an automatic payment from a personal share draft/checking account at the credit union and into which Direct Deposits[1]are made subject to the following:

a. Original loan interest rate will be discounted by 0.50% for each month an automatic payment is timely made.

b. Timely automatic payments shall be applied to accrued interest first and the balance to principal.

c. Discount may be canceled if one or more of the following occurs:

          1. Member fails to implement automatic payments on the loan within 60 days of the original loan date;
          2. There are insufficient funds in the account to make full payment on the loan timely;
          3. Member cancels automatic payments on the loan at any time after repayment begins;
          4. Any loan at The County Federal Credit Union for which the borrower(s) is/are obligated becomes past due (30 days or more past the Payment Due Date)

If the automatic payment withdrawal attempt is returned or rejected because of insufficient funds, it will not be resubmitted.  The loan(s) will need to be brought current using another payment method in order to resume automatic payments.

If you have questions about how the interest rate reduction will impact an individual loan(s) you can contact us at 1-877-318-3838, Monday through Friday, 8:30 a.m. to 4:30 p.m. Eastern Time.

[1]Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits (such as Social Security) from your employer or the state or federal government. Payments received for goods sold, person-to-person, transfers between your County Federal Credit Union accounts or accounts at other financial institutions or brokerages do not qualify. Print version with a sign-up form.