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Direct Deposit
KEMBA is the PRIMARY financial institution that Kroger uses for DIRECT DEPOSIT. Why worry about getting your paycheck each week? With KEMBA you can be sure it will be in your account
every
Thursday, except when holiday closings delay deposits until Friday.
Dividends
Dividends, or earnings on your shares, are paid quarterly and are automatically added to your share account(s) balance. Dividends are set by the Board of Directors and are based on net earnings and market conditions. Statements are mailed quarterly around the 15th of the month.
Types of Accounts:
Share Drafts - same as a regular Checking Account, but it has many superior features with more flexibility for the user. Plus, there is NO SERVICE CHARGE for normal use and you receive daily interest on your unused balances. Your first order of share drafts is free. Subsequent orders are
at "our cost" and vary in cost depending on the type of drafts you select. You can have automatic deposits or drafts on this account.
Share Account - same as regular Savings Account. Share deposits can be made through convenient automatic payroll deduction. Good Interest Rate. Only need $500 to draw interest and can make 6 withdrawals per Qtr.
Share Certificate (CD) - This account is for 6-month, 12-month, or 18-month certificates. You are notified prior to maturity date. You make the decision to receive the proceeds from your certificate or reinvest in another certificate at the quoted interest rate in effect at the time. This account requires a
$500.00 minimum deposit with $100.00 increments and pays a higher earning rate than a regular share account.
IRA's (Individual Retirement Account) - Regular IRA's and the New Roth IRA. We offer full service on these accounts including reports you need to file your income tax with NO SERVICE FEE. Deposits can be made by mail, in person, or by Convenient payroll deduction.
Christmas Club - We offer a Christmas Club Account that enables our members to save and to avoid the "Holiday Expense Crunch." Each year, the first week of November, the
Christmas Club funds are processed and transferred to your savings account.
Vacation Club - This account is designed to help our members put aside money for vacations. Withdrawals can be made to coincide with your vacations.
Loans:
Savings secured, signature, comaker, and collateral loans are available. All loans must be approved by a loan officer and/or credit manager. Loan applicants must meet loan guidelines and be of legal age.
See our Loans Page
 LOAN REQUEST
Auto - Mechanical Insurance
Vehicle repair costs are soaring. It is wise to have protection. One trip to a repair shop can more than pay the cost of the policy. We offer one of the finest, and least expensive, policies available for new or previously owned vehicles. This policy provides protection after a manufacturer's warranty expires.
Credit Disability Insurance
We offer credit disability insurance to continue your loan payments in case of extended illness. This insurance continues your loan payments after 14 days of illness for a maximum of $500 per month.
We offer single or joint life loan protection insurance. Rates will be quoted at the time of your loan.
Account Insurance
Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. The credit union pays the cost of insurance known as life savings. In case of death, your savings, up to a maximum of $2000, are matched by our insurance carrier. Lesser percentages are insured on deposits from members between the ages of 55 and 70.
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