Regular Share Account ( Savings )

a. A minimum deposit of $25.00 plus a $1.00 fee is required to open an account. Then any amount of money may be deducted from your paycheck for deposit. You may also deposit other funds such as cash or checks at any time either by mail or in person. Direct Deposit can be set up also.

b. Dividends are based on income derived from Loans and Investments.

 

Youth Share Accounts ( Savings Accounts for Students )

a. A minimum deposit of $25.00 is required to open an account.

b. Age requirement from birth to 18 years of age.

Totahsauraus Club Account

a. For children from birth to 12 years of age.

b. A minimum deposit of $5.00 is required to open an account.

c. 5 minimum deposits of $5.00 qualify for prizes.

 

Share Draft account Number 2 ( Checking Accountant )

a. Opening deposit of $100.00 required.

b. Unlimited check writing.

c. No monthly maintenance fee on accounts with direct deposit and safekeeping.

d. Monthly maintenance fees:

1. $6.00 on accounts without direct deposit. .

e. Can apply for ATM card.

 

Share Draft Account Number 2 ( Checking Account )

a. Opening deposit of $500.00 required.

b. Unlimited check writing.

c. Dividends ( interest ) paid monthly on balances of $500.00 or larger.

d. Monthly Maintenance fees:

1. No fee if balance stays at $500.00 or above, and Credit Union keeps checks.  

2. If balance falls below $500.00 on any given day of the month, a $10.00 fee

will be charged.

 

Share Draft Account Number 3 ( Student Checking Account )

a. Opening deposit of $100.00 required.

b. Must be a full-time student enrolled in 12 semester hours or more. Student
must provide proof of enrollment.

c. Under 18 years of age must have a parent or legal guardian sign agreement of
responsibility for account.

d. No monthly maintenance fee.

e. Per check charge of 15 cents will be charged for each check over 20
processed, per monthly statement period.

6 Month Share Certificate ( CD )

a. Opening minimum deposit of $1000.00

b. Pays interest quarterly and at maturity.

 

12 Month Share Certificate ( CD )

a. Opening minimum deposit of $1000.00

b. Pays interest quarterly and at maturity.

6 Month Jumbo Certificate ( CD )

a. Opening minimum deposit of $50,000.00

b. Pays interest quarterly and at maturity.

12 Month Jumbo Certificate ( CD )

a. Opening minimum deposit of $50,000.00

b. Pays interest quarterly and at maturity.

 

Loans:

a. Eligibility: become a member of Totah Credit Union with a minimum of $25.00
in shares.

b. Loan Applications: All loan applications should be in the credit union office by
2 pm for same day evaluation.

Types of Loans - Totah Credit Union

1. New and used Autos

2. Signature ( unsecured )

3. Share Secured loans

4. New and Used Recreational Equipment

5. New and Used Motorcycles

6. New and Used Boats

7. New and Used Motor Homes

8. New Furniture Purchases ( 80% purchase price )

9. New Computers ( 80% Hardware, 70% Software )

10. New and Used Horse Trailers

11. Mastercards

12. Line of Credit

13. Overdraft Protection

14. Other loans offered will depend on current policy and credit unions ability to
find the value of property.