Share Draft (Checking) Accounts

Put your money to work for you! A share draft account may earn interest while also allowing you to withdraw your money with a draft (check).  There is no monthly service charge and we offer unlimited check writing - No per check charge or transaction charge. A monthly statement is furnished. It will include the sharedraft numbers, the amounts and the dates they cleared your account. Please retain your statements and duplicate drafts for tax purposes.

Balances and Interest Information

There is no minimum balance required, however, the account will earn interest each day a balance of $800 or more is maintained. Dividends are paid monthly. Check with the office for the current dividend rate.

Dividends are:

A.      Computed on the actual dollar amount.

B.       Paid at the close of the dividend period

C.       Computed on the average daily balance in the dividend period when an $800.00

minimum daily balance was maintained.

D.      Dividends are declared at the close of the dividend period.

E.       Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Overdraft Protection

Overdraft protection is automatically provided from a Savings acccount. In addtion, an Overdraft Line of Protecton is also available. This line of credit must be applied for and approved. 
If an item is presented for payment and  funds are available to be transferred, a transfer fee will be charged and the item will be paid. If funds are not available, the check will be returned and a non-sufficient fee charged.

If you have questions about your share draft account or problems balancing to your monthly statement, let us help! 

Account Access & Services

Call Touch Tone Teller locally at 920-734-9201 or Toll Free  at 866-734-9201 from any touch-tone phone for instant account access. Find out balances, see what checks have cleared or transfer funds between accounts. 

Direct Deposit or Payroll Deduction services can also be arranged, for most accounts. Direct Deposit allows you to have your employer deposit your check directly into your Share Draft account.  No more waiting in teller lines on payday - your money is ready for you! Payroll Deduction allows you to designate a set distribution of your payroll to specified accounts at the credit union every pay period from your direct deposit.  This is a convenient way to pay a loan while saving time and money. Contact us for more information on how to start these services. 

Debit Card access is available for automatic teller machines (ATMs) and point of sale transactions. Use your Debit Card like a credit card at merchants near and far that display the VISA symbol.  The transaction is processed  like a credit charge, but the amount is automatically deducted from your Share Draft account.  All transactions show up on your monthly statements. Non sufficient and overdraft fees also apply to debit transactions. 

NFCU is a member of ALLIANCE ONE, a multi state alliance of credit unions in the mid west who mutually agree not to charge members of other credit unions a fee for using their ATMs.

How Do I Get More Checks?

Only duplicate checks, ordered thru Liberty or Checks 4 Less will be offered. There is a huge liability you assume if ordered from another manufacturer. Your security may be compromised. The quality of the checks may be not be up to standards. If your checks are ordered from Liberty or Checks 4 Less and are found to have caused a breakdown in equipment on the federal or private level you can be held responsible. Cancelled checks will not be returned, but if you need a copy it can be ordered. You can also view processed checks on the home banking system. 

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