Links:
$10K cap starting May 1st
MFCU Home Page
MFCU Membership Eligibility Page
MFCU Membership Application
Surcharge-free ATM Locator
Fee Schedule Effective November 1, 2007
FW Discussion: Automatic $1.00 Monthly Donations To Qualify For Reward Offers
Additional information from phone call with CSR and other sources:
• Bankrate.com Star Rating: 3 - Performing
• Membership application must be printed, completed, and mailed to MFCU. Include copies of two forms of ID (e.g. drivers license and utility bill), and a check (minimum $30 if you want to join by contributing $5 to MADD, minimum $25 if you join by meeting some other eligibility requirement) to fund your savings account. Indicate on the application in the section that mentions the free checking account that you want the *Rewards Checking* account, and also include a check to fund the checking account. See below for another way to become a member of MFCU.
• You can also join Tewksbury Historical Society. Individual membership fee on on-line application form is $15, but the form has a 2005 date on it, so the fee might not be accurate. If you use this method to join the credit union, you'll need to include proof of your membership with THS with the application for MFCU membership.
• If you order checks on your membeship application, they're duplicate-style checks. The cost is $15.70 for a box of 150 checks. There are other check options, but you'd have to call MFCU in order to discuss them.
• You can also order checks from a third party. The format is standard: routing number, account number, check number.
• If you use an ACH transaction to satisfy 1 ACH or 1 "Bill Payer" (on-line bill pay) transaction per month, must be ACH debit.
• Bill Payer is free if you make at least 1 bill pay transaction every 3 months.
• No incoming wire transfer fee; outgoing wire transfer fee: $18 ($20 effective 11/1). Must make physical appearance at CU in order to initiate outgoing wire transfer.
• No capability to initiate ACH transfers. ACH transfers initiated from other institutions are fine, and there is no charge or limit by MFCU for pulling/pushing funds from/to MFCU. Alternatively, you can use MCFU's Bill Payer to move money from MFCU to other accounts, including bank accounts.
• Routing number for MFCU is 211381592.
• Cashiers checks (free now) will have a $2 fee effective 11/1.
• No hard credit inquiry when opening savings or checking account. Uses ChexSystems.
• No ATM surcharge rebates, but they apparently use the CO-OP Network. From the ATM locator website:
If the back of your ATM card carries the CO-OP Network logo, your credit union is a member of the largest credit union-only ATM network in the country. CO-OP Network membership provides surcharge-free access at 25,000 ATMs, which includes 6,000 deposit-taking and 5,500 7-Eleven locations throughout the U.S. and Canada.
First bank to catch up on "micro deposits" and "micro debit-transactions."
