A share account is similar to a savings account. To be a member of SODES Federal Credit Union, a share account must be opened and a balance of $5.00 maintained.
SODES Federal Credit Union checking accounts do not have a minimum balance requirement and there are no monthly check fees. Overdraft protection is available from your share account or an overdraft protection loan. Contact the Credit Union to set-up your overdraft protection.
There are three categories of loans at SODES Federal Credit Union.
- SECURED – A loan that has some form of collateral given is a secured loan. Examples are: vehicle, camper, motorcycle, boat, computer, etc.
- SHARE SECURED – These loans use your share (savings) account as collateral. Your shares continue to earn dividends while pledged as collateral.
- LINE OF CREDIT – This type of loan requires no collateral and can be used for a wide variety of reasons such as consolidating bills, home improvement projects, etc.
|ATM/Debit Cards||Credit Life & Disability Insurance|
|Online Banking||Direct Deposit|
|Wire Transfer||Young Savers’ Club|
|Loadable Gift Cards*||Money Orders/Cashiers Checks|
|GAP Insurance||NADA Guides|
|Payroll Deduction||Fax Service|
|Consumer Reports Magazine||Postage/Stamps|
|* Only during the holiday season|