Prescott Federal Credit Union
Accounts
Small Business Checking
A convenient checking account designed for small businesses to easily manage day-to-day finances.
- Minimum Opening Deposit: $10 for savings (pledged) and $100 for checking.
- Monthly Fee: None
- Cash Deposit Limits & Fees: Up to $5,000 per month
- $0.30 fee per $100 cash deposited over $5,000.
- Transaction Limits & Fees: No fee up to 50 transactions per month
- $0.10 fee per transaction over 50 per month
- Minimum Account Balance: $500 daily
- $10 fee for accounts under the minimum balance
Non-profit/Community Business Checking
Helps your organization stay focused on what matters most — creating positive change in your local communities.
- Minimum Opening Deposit: $10 for savings (pledged) and $100 for checking.
- Monthly Fee: None
- Cash deposit Limits & Fees: Up to $5,000 per month
- $0.30 fee per $100 cash deposited over $5,000.
- Transaction Limits & Fees: No fee up to 50 transactions per month
- $0.10 fee per transaction over 50 per month
- Minimum account balance: No Minimum balance requirement
Free Checks for non-profit or community business accounts
Overdraft Protections Programs
Overdraft Protection Line of Credit
This line of credit is connected directly to your checking account and allows you to write your own loan whenever you need it. Save on overdraft charges and have the convenience of a small loan when you are temporarily out of cash. You can apply for this line of credit at any time. There are no fees, and you only pay interest on the amount that you use. Must meet credit requirements.
Courtesy Pay Coverage
We offer this service on most checking accounts; new accounts are eligible after 60 days. This is an optional coverage; you can opt in or out at any time. Courtesy Pay is used to pay overdrafts when you don’t have enough savings or an approved line of credit. This includes Checks, ATM withdrawals, ACH’s and Debit Card Purchases. The Courtesy pay limit is $400, including fees. The Fee is $28 per transaction, max 4 fees per transaction day. You must bring your account current within 30 days, or your courtesy pay privilege will be revoked. If revoked, you can inquire about our second chance program.
Linked Savings Account
A free option we offer is setting up an automatic overdraft protection transfer when your checking account needs to be covered, this would transfer the funds needed to cover the checking account from your savings account. If there are no funds in the savings account then the standard returned item fee of $28 would be charged to the checking account for any items returned.
Other Programs We Offer
Financial Growth Program
We offer a financial growth program that would be tailored to your unique needs, as everyone’s situation is different. Have you had a checking/savings account sent to collections, can’t qualify for an account at another institution? We are here to help. All members must still meet our eligibility criteria, as well as our high-risk requirements. The way the program works is that we will open a savings account and after the individual’s requirements are met and the account has been in good standing for the agreed upon time, we will then reassess for a checking account. Worried that having just a savings account will limit you because you don’t get a debit card for everyday purchases? Well, we have a solution for that, we offer reloadable cards.
Reloadable Cards
Achieve your goals with the Visa Everyday Spend Prepaid Card. Load, reload and relax with money management tools that help you stay within your budget.
- The Everyday Spend Prepaid card works just like a traditional debit card, but with more convenience and security.
- Safer than cash
- Accepted everywhere you see the Visa logo
- Multiple card designs to express your personality
- Convenient CUMONEY® mobile app to access & manage your card from anywhere, 24/7
