A free Share Checking Account at Financial Assurance Federal Credit Union is simply a "checking" account which earns dividends. Use it as your primary or even a secondary Checking Account.

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Eligibility Requirements
The Checking Account holder must be a member of Financial Assurance Federal Credit Union and at least 18 years of age.

Deposits/Withdrawals
Deposits into a Share Checking Account may be made by payroll deduction, by mail or by transfer, using the Access By Call, voice response system. Withdrawals may be made by requesting a check (by phone, email, or the secure message box on Virtual Branch), by using the Access By Call system or with your ATM card or VISA Debit card.

Dividends
Amounts deposited may or may not receive dividends, as determined by the Board of Directors, from the day of deposit to the day of withdrawal.

Line of Credit
Application may be made for a maximum $1000 Line of Credit (in increments of $100). To be eligible to apply for a Line of Credit, sponsor group employees must have 1 year of service. Applicants for the Line of Credit must also have a payroll deduction at least equal to $4 per $100 of the Line of Credit (e.g., if you elect a $300 Line of Credit, you must have a bi-weekly payroll deduction of $12 or more).

New Statutory Lien Regulation
If you are in default on a financial obligation to us, federal law gives us the right to apply the balance of shares and dividends in your account(s) at the time of default to satisfy that obligation. Once you are in default, we may exercise this right without further notice to you.