Business and Industrial offers a variety of services, including loans, share draft accounts, savings accounts, IRA accounts, and other services designed to provide convenient, fast access to your accounts.  To make banking transactions more accessible, even when you are traveling out of state or out of the country, Business and Industrial offers STAR ATM service.  Debit Cards can be used in place of your ATM Card and can be used to make purchases anywhere VISA is accepted. The funds are automatically deducted from your share draft (checking) account.

BUSINESS & INDUSTRIAL FEDERAL CREDIT UNION IS A MEMBER OF THE CREDIT UNION CO-OP ATM NETWORK  

As a member of BUSINESS & INDUSTRIAL FEDERAL CREDIT UNION, you have access to more than 28,000 surcharge-free CO-OP Network ATMs nationwide. In addition to credit union CO-OP ATMs, CO-OP Network surcharge-free ATMs are located all across the United States in 7-Eleven stores, Costco, Walgreens (Florida) and several locations near your home and work.    

Even though your existing card may not display the CO-OP Network Logo, it may be used in any ATM machines displaying the CO-OP Network logo.

There are now 4 ways to locate a CO-OP Network surcharge-free ATM.

1)     Text your location to MYCOOP (692667) and you’ll receive a text with the 5 ATMs nearest you

2)     Download the CO-OP Network ATM database into your GPS device

3)     Call 1-888-SITE-COOP

4)     Visit www.co-opnetwork.org

Just say NO to surcharges!   For more information, visit www.co-opnetwork.org

!!!NEW!!! CU Finance News and Tools - Financial Articles, Calculators and Newsletter to help you with your financial decisions.

Our Financial Articles are easy-to-understand information documents about related financial concepts and strategies that covers topics such as Estates & Trusts, Retirement, Tax Planning, Investing, Cash Management, and Risk Management. Use the articles to start learning how to manage your finances today! You can print these articles and create your own financial reference guide.

Our Financial Calculators are designed as educational tools to help you estimate answers to common financial questions. You can use these calculators to help you with Loans & Credit Cards, Estate Planning, Retirement & Inflation, Taxes & IRA's, Saving & Investing, Cash Management, and Risk Management.

Our Financial Newsletters are designed to provide timely and helpful information on a wide variety of financial topics. You can use these newsletters to help you learn more about topics such as Insurance, IRA's, Risk, Jobs, Buying & Selling, Mutual Funds, Credit, Long-Term Care, and many more topics. There are Six New newsletters every month. You can print these newsletters and create your own financial reference guide.

"BILLPAY"

Open a share draft account today, enroll online for "Perfect Teller" home banking and "BillPay" online bill payment service. This service offers unlimited payment transactions absolutely FREE for all qualified members!

Share Draft Accounts
Share draft (checking) accounts at Business and Industrial assess no additional per draft (check) charges.   Members pay for the printing of their checks and for the service of placing a "stop payment" on an already written draft.  An added convenience to the share draft account is the ability to have your paychecks automatically deposited to your account.

Keeping track of your drafts (checks) written is easy with the carbonless copies of your checks contained within your share draft book.  An exact record of every draft you write is in your book, eliminating the need to have original drafts returned to you.  Monthly statements also help maintain accurate records.  These statements list each check that has cleared your account by number and amount.

After you have opened your share draft account at Business and Industrial you will receive your checks within 6 -10 days.  No advance checks are issued to members.

Share Savings Accounts
Share accounts are your credit union savings accounts.   Deposits in these accounts are secured by the National Credit Union Administration (NCUA), which is an agency of the United States Government.  Members' first $250,000 is federally insured by the NCUA. Member's IRA accounts are separately insured up to an aggregate of $250,000.

To earn the annual percentage yield, an average daily balance of $50.00 must be maintained.

Senior Benefits Program

If you are age 50 or older and sign up for Direct Deposit of your Pension or Social Security and you open a Share Draft (Checking) Account you receive:

• Free Safety Drafts (checks) (maximum 4 orders of 150 drafts (checks) per year.)

• Free Notary Service

• Free Money Orders (maximum 5 per month)

• Free Cashiers Checks (maximum 2 per month)

• Free "Perfect Teller" Home Banking

• Free "BillPay" Online Bill Payment

• Free from Monthly Service Charges

• Free from Per Check Charges

New Baby Program

It's never too soon to start a savings account for your new baby.  Let us make the first $5.00 deposit into your child's account and get them off to a sound financial start.  This offer applies to children age one year or less.  Accounts may be opened by parents or grandparents.  Offer limited to one per child.

Individual Retirement Accounts
An Individual Retirement Account (IRA) is a savings program that lets you set aside money for retirement.  Some contributions are tax deductible and earnings on IRAs are not taxed until they are distributed to you.

Eligibility - All employees earning compensation at some time during the year are eligible to participate in an IRA, even if you are currently participating in another IRA.  Members' spouses are also eligible to open an IRA.

Contributions - Once you have established an IRA, you may contribute up to $5,000 per year plus a catch up contribution of $1,000 if 50 or older.  You may make the contributions by share draft or have it automatically deducted from your paycheck each month. 

Withdrawals - You may make withdrawals from your IRA at any time.  However, since an IRA is a long-term investment designed to help you save for retirement, penalties will be assessed for early withdrawals.  You may make withdrawals from your IRA without penalty once you reach the age of 59 1/2 or if you become permanently disabled.

Certificates & Funds Manager
A Share Certificate is a certificate that is on deposit for a required period of time.  In return for depositing your funds in a certificate, you will receive a specified rate of interest on your funds.  This rate is determined by the amount of money on deposit and the length of time the funds are kept on deposit.   If funds are withdrawn before maturity, a penalty will be assessed for early withdrawal.

A Funds Manager is a Money Market Share Account that is tied to the investment share daily rate.  To receive the annual percentage yield, a minimum average daily balance of $500.00 must be maintained.  Withdrawals from this account must be made in denominations of $500.00 and deposits may be made using automatic payroll deduction.

Automatic Deposit
Payroll deduction is a convenient way for members to save by having specified amounts of money automatically deposited to Christmas share accounts, share draft accounts and can even be applied toward loan payments.  Automatic deposits of social security payments, VA compensation, and military checks may also be arranged.  To initiate automatic deposits, members complete a payroll deduction form, giving the credit union authority to complete the requested transaction. 

SYBIL Transactions By Phone
Members of Business and Industrial are provided with 24 hour access to their accounts via the SYBIL voice response system.  This free service allows members to transfer funds from share accounts to draft accounts, make payments of a credit union Visa account or loan, request draft histories, and more.  To use SYBIL call 800.264.5600 or 812.378.5600 for local calls.

Visa Credit Cards
Members of Business and Industrial are eligible to apply for the "Visa Classic Card."  Our Visa Card has a "no gimmick" fixed rate of 13.75% APR. Once approved, you can obtain cash advances and make payments on your card at any of our office locations. You can use your card anywhere VISA is accepted.

Call for details on our new "Visa Platinum Card" that offers a 12 month introductory rate of 7.9% APR. !