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Accounts & Services

Savings Checking • Business Accounts • Loans • Visa • Online Banking • E-Statements Draft View • 
ATM CardsDebit Cards • Routing & TransitService Centers Schedule of Fees

•SAVINGS•
 

A MSCU Share account is a convenient way to save because the funds in this account may be withdrawn at any time without penalty. A $5.00 deposit is required to start your savings account.

                                                                                              

CERTIFICATE OF DEPOSIT

A risk-free way to earn highly competitive returns. CD terms range from 30 days to 4 years.

IRA ACCOUNT

Our Individual Retirement Account is an excellent way to save for retirement. Taxes on the account earnings are deferred until the account is drawn on, usually when you are in a lower tax bracket. Your annual contribution to this account may be tax deductible. Contact your tax advisor to see if you qualify for this deduction. Roth IRA, Roth Conversions, and Educational IRA's are also available. Please call for an appointment to open or close an IRA.

CLUB & SIDE ACCOUNTS

Our club and side accounts provide an ideal way to save for any annual expense. Whether you're saving for Christmas or a vacation, your regular contribution and our competitive dividends mean your money will grow quickly.                          

Let us help you budget for

that great Christmas or

              unforgettable Vacation!                   

 

                                                                                   

 

***IMPORTANT NOTICE ABOUT YOUR SAVINGS ACCOUNTS***

We would like to provide a little more information on the Regulation D limitations in regards to SAVINGS accounts.

Reg. D is something the credit union must comply with. On a savings account, your automatic deposits do not count, only your automatic withdrawals. You are allowed 6 unsigned withdrawals per month. These include online banking transfers,  phone transfers, automatic bill payments, automatic account debits from a third party, reoccurring payments such as mortgage and system overdraft transfers to cover checks in your checking account. Once the 6 per calendar month are met, the savings transaction will be rejected and the standard NSF fee will apply. Withdrawals at a teller window or through an ATM machine do not count. A savings account is considered a non-transactional account.


 •CHECKING•


PREMIER CHECKING

Premier Checking is the first share draft account to earn interest.

  • Minimum balance of $5,000 is required
  • No monthly maintenance fee ($10.00 monthly fee if minimum balance is not maintained)
  • Check orders are free - 2 free boxes of checks in a 12 month period (one box per order)
  • Interest will be posted monthly

SHARE DRAFT CHECKING


Possibly our most popular program, our virtually fee-free checking account is one of the best. Compare ours with other programs and decide for yourself.

  • No minimum balance. Members can maintain any balance they wish without penalty or charge.
  • Overdraft line of credit. Protect yourself from non sufficient fund checks. Subject to approval.
  • Convenient. Our carbonless copy design gives you an automatic record of your checks. An easy-to-reconcile monthly statement makes keeping track of your accounts a breeze.
  • No per check fees.
  • Low monthly maintenance fee of $3.00 (waived if you have a Metro Shores Credit Union Visa or loan).
  • Senior Citizens qualify for free check orders and no monthly fee.

What do I need to open a checking?

  • In order to have a checking account with us you have to open a savings account as well. You need at least $5 in the savings.
  • When the checking account is first opened you need to maintain a $50 balance for the first 30 days and then you can take it down to $0.
  • Your drivers license
  • Social Security number
  • Must be 18 years or older (we have a special checking for teens)

 

Metro Shores uses Telecheck for checking account opening approvals. 

To report lost or stolen checks after MSCU has closed call 1-800-835-3243

•Business Accounts•

Metro Shores Credit Union offers both savings and checking accounts for businesses.

BUSINESS SAVINGS

Like our personal savings accounts, business accounts may be opened with only a minimum deposit of $5.00.

BUSINESS CHECKING

  • There are no minimum balance requirements for a business checking account.
  • Low monthly maintenance fee of $15.00 (Waived on accounts that maintain a balance of $2,000.00 or more)
  • May have more than one joint on account
  • Unlimited Transactions
  • No Per-Check Fee
  • Debit Card(s)
  • Online Banking
  • E- Statements

Metro Shores uses Telecheck for checking account opening approval.


 •LOANS•           
                                                                                       

The Credit Union makes funds available to credit worthy members through thoughtful consideration of each application. Approval takes into consideration the individual's credit experience, length of employment, the purpose of the loan, and the ability to repay. We offer many competitive and convenient programs.

  • New and Used Auto Loans
  • Home Improvement Loans
  • Boat and RV Loans
  • Motorcycle and Power Sport Vehicle Loans
  • Vacation Loans
  • Home Equity Loans - Closed End & Line of Credit (variable)
  • Signature Loans
  • Share Secured Loans
  • 1st Mortgage Program                                                                                                                                                                                                                  

There is no fee for applying for a loan with us! Our friendly, professional loan officers will process your loan application quickly and efficiently. We can often let you know the result of your application the very same day you apply. There are never any pre-payment penalties, so you can pay off your loan as early as you like!

View Our Current Rates OR Apply for a Loan Online!


•VISA•

Our VISA card is accepted worldwide at thousands of locations as a means of purchase. Why pay high interest rates on other credit cards? Our VISA rate is much lower than those offered by national card issuers, and has these great features:

  • A low 8.88% fixed rate of interest on the Visa Preferred Platinum.
  • A low 11.88% fixed rate of interest on the Visa Classic. Many others charge as much as 18% to 21%.
  • Take up to 25 days after billing to pay your full balance before incurring any interest on purchases.
  • No annual fee. Many others have annual fees as much as $60.00.
  • Cash Advances. Get cash at any financial institution and pay no more than your current interest rate! 
  • 24 hour access through an ATM.
  • Payments can be made at the credit union.

      ACCEPTED WORLDWIDE

You may contact Visa at anytime if your card has been lost or stolen: 1-800-299-9842 

•ONLINE BANKING•

Online Banking can be accessed 24 hours a day, 7 days a week!

Use Online Banking for the following services when you cannot make it into Metro Shores, or find it more convenient to bank from home:

  • Transfers
  • Withdrawals
  • Account History
  • Account Balances
  • Loan Applications
  • Stop Payment on Checks
  • Create Scheduled Transfers
  • View Messages from Metro Shores Credit Union

ONLINE BANKING SECURITY


Metro Shores Credit Union takes your online security seriously. Therefore, we are adding an extra level of security, called Multi-Factor Authentication (MFA), to our online banking site starting February 21, 2007.

WHAT IS MFA?

MFA (Multi-Factor Authentication) is a new security feature that provides an extra layer of security that works 24/7 to protect your online banking account, even when you are not banking online. MFA helps you guard against fraudulent online activities like phishing scams (malicious requests for your personal information) and identity theft.

HOW DOES MFA WORK?

Once you enroll into MFA, the new security system recognizes your computer. If questionable logon attempts are detected, the system will require additional identity verification before allowing access to your online banking account.

During registration, members select a personalized image from an image pool that will be added to online banking. This image becomes a "shared secret" between the member and the credit union that is displayed on online banking before the member logs in. A fraudulent web site would not display the pre-selected image.

In addition to this security feature, a set of secret questions will be asked for the member's to answer. This will allow the member to view their account on another computer, besides their own. Logging into the account on another computer will put up a red flag that this may not be the correct person logging in. The security question will be given and if answered correctly, the member will gain access to their account.

If you have anymore questions or concerns, please feel free to contact the credit union or view the links below for more information:

Quick Reference Guide (PDF)

Frequently Asked Questions (PDF)
 


•E-STATEMENTS•

The convenience is at your finger tips! E-Statements allow you to receive your statements much quicker by being sent electronically to your online banking account. No more waiting for them to come in the mail! Log into Online Banking to sign up today! 

Frequently Asked Questions (PDF)

E-Statement Account Balancing Sheet
 
This form is provided to assist you in balancing your draft account. 
Click HERE to view and print this form. 


•DRAFT VIEW•


This useful feature allows you to view and print your cancelled checks right online! Each image request will automatically include both front and back. 

By accepting this agreement, you consent and agree that Metro Shores Credit Union may provide copies of your cleared drafts to you electronically.

In order to access draft images via draft view, you must have:

  • Online banking access
  • Adobe Acrobat Reader Version 5.0 or higher
  • Access to your draft images via Draft View for up to 90 days

To save a copy of your draft image on your personal computer:

  1. Open the image in Online Banking.
  2. Click on the "Save a Copy" option or the icon that resembles a diskette in the upper left corner of your screen.
  3. Select the location that you would like to save it in for access at a future date.
  4. Click "Save."

To request a paper copy of a draft image, simply write, call, or email us. Visit our Contact page for contact information.


•ATM CARDS•

Get an ATM card at no charge to you! A small fee will apply to replace an existing ATM card before the renewal date.

Look for the logos listed below on Automated Teller Machines throughout the nation conveniently located in financial institutions, grocery stores, malls and shopping centers. A Metro Shores ATM card gives you access to your money 24 hours a day, everyday!

To locate an ATM near you, please click here.

 
                                                                     p12.jpg (1885 bytes)  
 

 ***IMPORTANT NOTICE***

Effective April 7, 2006, the fees that are charged for transactions made outside the United States, where the cardholder’s country code differs from the merchant’s country code, are changing. On the effective date, agreements governing ATM, debit and credit cards bearing the MasterCard®, Maestro® or Cirrus® logo and agreements governing transactions that are processed through the MasterCard® Global Clearing Management System or the MasterCard® Debt Switch are amended to include the following provisions.

Purchases, cash advances and cash withdrawals made in foreign currencies will be debited from your account in U.S. dollars. The exchange rate used to convert foreign currency transactions to U.S. dollars is either a government-mandated exchange rate or a wholesale exchange rate and is selected by MasterCard. The rate MasterCard uses for a particular transaction is the rate MasterCard selects for the applicable currency on the day the transaction is processed. This rate may differ from the rate applicable on the date the transaction occurred or was posted to your account.

A fee of up to 1% will be charged on all transactions completed outside of the United States where the cardholder’s country code differs from the merchant’s country code. In addition, a fee of up to 1% will be charged on all transactions completed in a foreign currency. All fees are calculated based on the transaction amount after it is converted to U.S. dollars. These fees are charged except where excluded.This Amendment replaces existing provisions in agreement concerning transactions made in foreign countries or in foreign currencies and supplements agreements that do not currently contain such provisions. Please feel free to contact the credit union with any questions you may have concerning this change.


•DEBIT CARDS•

Click here to apply for a Debit Card

 Metro Shores is proud of the MasterMoney Debit Card Program. If you have a checking account with the credit union you can apply for a debit card. The new cards carry the MasterCard logo and can be used to make purchases from your checking account anywhere MasterCard is accepted. No more check writing when you're out and about. You can also use your card to do transactions at ATM machines. Debit cards do require approval so please request your application today.

To report a Debit Card lost or stolen after MSCU has closed call 1-888-241-2510
If you are out of the country please call 1-909-941-1398 for assistance

Metro Shores Credit Union Routing and Transit Number: 272485495


•SERVICE CENTERS•

Our members can take advantage of the many Credit Union Family Service Centers. You can use the Service Centers to conduct most of your credit union business. To find the Service Center closest to you click on CU Service Centers below.

Due to the increase in processing costs, effective November 1, 2010, we will be charging a $2.00 per transaction fee for all account transactions completed at a Family Service Center location.  Please note: Loan payments are exempt from this service fee. 


Loose Coin

Loose coins are accepted for exchange at our Trenton and Flat Rock locations


•Schedule of Fees•

 CHECKING ACCOUNT/SHARE DRAFT FEES    
 NON-SUFFICIENT FUNDS (NSF)   $35.00
 COURTESY PAY OVERDRAFT   $35.00
 NON-SUFFICIENT FUNDS TRANSFER   $5.00
 REPROCESSING FEE   $30.00 
MONTHLY MAINTENANCE (FEE WAIVED IF THE ACCOUNT HOLDER HAS AN OPEN LOAN OR A VISA UNDER THAT ACCOUNT)   $3.00
MONTHLY MAINTENANCE PREMIER CHECKING (IF MINIMUM BALANCE IS NOT MAINTAINED)   $10.00
 MANUAL CHECK CLEARING   $20.00
 STOP PAYMENT   $35.00
 CHECK/DRAFT COPY (MAIL OR FAX)   $5.00
 CHECK/DRAFT COPY (ONLINE)   $0.00
 BALANCE CHECKING ACCOUNT (PER HOUR)   $10.00
 ACCOUNT CARD PREP (IF CLOSED WITHIN 30 DAYS)   $15.00
 BUSINESS MONTHLY MAINTENANCE (FEE WAIVED IF $2,000 BALANCE MAINTAINED)   $15.00
 SAVINGS ACCOUNT FEES    
 QUARTERLY MAINTENANCE (WAIVED WITH $100 BALANCE, LOAN OR VISA)   $5.00 
 DORMANT ACCOUNT   $20.00
 ACCOUNT RE-OPENING   $30.00 
 ACH FEES    
 ACH RETURNS, PER ITEM (NSF, STOP PAYMENTS, ACCOUNT CLOSED)   $35.00
 ACH STOP PAYMENT   $35.00
 ACH NOTIFICATION OF CHANGE (CHANGE OR CORRECT ACCOUNT #)   $25.00
 MANUAL ACH CLEARING   $20.00
 STATEMENT COPY (PER PAGE)   $1.50
 ACCOUNT HISTORY PRINTOUT (PER PAGE)   $1.50
 RETURN MAIL (PER PIECE)    $5.00
 NON-SUFFICIENT FUNDS CHECK PRESENTED   $35.00
 RESEARCH ITEM   $10.00
 WIRE TRANSFER- OUTGOING   $30.00
 WIRE TRANSFER- INCOMING   $25.00
 WIRE TRANSFER- OUTGOING FOREIGN   $40.00
 CASHIERS CHECKS   $3.00 
 MONEY ORDERS   $2.00
 TRAVEL CARD (PER $100)   $2.00
 VISA GIFT CARD   $5.95 
 GARNISHMENT/LEVY PROCESSING   $50.00
 CHECK CASHING (PER CHECK)   $5.00
 FAMILY SERVICE CENTER (PER TRANSACTION)   $2.00 
 DEBIT/ATM CARD FEES    
 NON-SUFFICIENT FUNDS (NSF)   $35.00 
 COURTESY PAY OVERDRAFT   $35.00
 NON-SUFFICIENT FUNDS TRANSFER   $5.00 
 REPLACEMENT CARD   $5.00 
 REPLACEMENT PIN   $3.00 
 VISA FEES    
 LATE PAYMENT   $25.00 
 RETURNED CHECK   $30.00
 PHONE PAYMENT   $10.00 
 REPLACEMENT VISA CAR   $10.00 
 UNAUTHORIZED USE LIABILITY   $50.00 
 LOAN FEES    
 LATE PAYMENT (AFTER 10 DAY GRACE PERIOD)   $25.00 

 HOME EQUITY LOAN APPLICATION

  $50.00 
 IRA FEES    
ANNUAL FEE   $10.00
PREMATURE CLOSURE   $25.00 

Effective August 1, 2014

 


Metro Shores Credit Union
2360 West Jefferson
Trenton, Michigan 48183
(734) 676-8666
Fax: (734) 676-5759
info@metroshores.org