VECU...Serving the
Valdosta State University
Community Since 1972

Share Draft Accounts

About Us
•Welcome
•Membership
•
Organization

Member Services
Online Banking
•Share Accounts
•Share Draft Accounts
•Share Certificates
•Check Cards
•Money Market Accounts
•Mortgage Loans
•Personal Loans
•Consumer Loans
•Convenience Services

Location
308 E. Ann Street Valdosta, GA 31601

Hours
Monday:  9-2
Tuesday:  10-2
Wednesday:  9-2
Thursday:  9-2
Friday:  9-4
Saturday:  9-12
(drive thru only)


Contact
229.333.5751
229.259.5027 (fax)
Email



This credit union is federally insured by the National Credit Union Administration.


Purpose
Provide an additional service to VECU members by allowing them check writing privileges through the creation of a share draft account which a member may deposit and withdrawal from through printed checks or check card.
 

Eligibility
A member or association of members with an open share account in good standing is eligible to open a share draft account.
 

Application Process and Approval
A completed application for share draft account with all signatures, identification, and taxpayer identification number are required.  Additionally, all applications for share draft accounts will require an acceptable credit report and a passing score through CHEXSystems.

Types of Accounts
A.        Single owner
B.        Joint owner
C.        Retired members (age 65+) receive free share draft accounts (single or joint accounts) (no monthly fee) and free share drafts (Alliance Series).

Fees
Fees will be assessed using the VECU Share Draft Account Fee Disclosure structure.
 

Balance and Transaction
There is no minimum balance required.  There are no transaction limitations which apply to this type of account.
 

Dividends
An account must have a minimum average daily balance of $100.00 to earn dividends.  Dividends will be paid quarterly, calculated on the actual balance on a “day of deposit to day of withdrawal” basis.  If an account is in a negative or closed status before dividends are declared, no dividends will be paid on the account. 
 

Statements
Transactions will appear on the member’s monthly share draft account statement.  E-statements are available at no charge to members through the Online Banking system.  If the member requests a statement at another interval, a fee may be charged according to the VECU Fee Schedule. 

 

 

Information
•Rate Board
•Holiday Schedule
•Annual Meeting
•Privacy Policy
•Fee Disclosure
•Professional Membership