| Be sure
to check the current rates
on our interest-bearing accounts. All deposits at Mazuma
are insured up to $350,000 - the highest level
of combined federal/private share savings insurance
available. This coverage is available through the addition
of excess coverage from Excess
Share Insurance Corporation (ESI). ESI now provides
$250,000 on top of the $100,000 provided by the National
Credit Union Administration.
Regular Share Savings
Account  
- Initial minimum deposit
is $25.
- Account is your "ownership"
in Mazuma Credit Union.
- Balances above $100
earn dividends on a day-in, day-out basis, paid at
month-end.
- Withdrawals are limited
to six/quarter, at no charge.
- Accounts with balances
below $100 may be charged $2/mo.*
* The low balance fee
is not charged on accounts for Members under 18 or over
65, the first 90 days an account is open, when the Member
has balances totaling at least $100 in their accounts,
when the Member has a loan
balance or available credit limit on a Mazuma
Visa or other line of credit.
Special Share Savings
Account
- Account can be used
to save for any purpose - you can even choose a special
title to remind you what you're saving for, e.g.,
"Hawaii trip."
- No minimum deposit.
- Balances above $100
earn dividends on a day-in, day-out basis, paid at
month-end.
- Withdrawals are limited
to six/quarter at no charge.
Holiday Share Savings
Account
- Save for the holidays
all through the year.
- No minimum deposit.
- Deposits can be made
by check or payroll deduction.
- Balances above $100
earn dividends on a day-in, day-out basis, paid at
month-end.
- Withdrawals are limited
to six/quarter, at no charge.
Money Market Accounts
Mazuma Credit Union now offers
three different money market accounts. A money market
account is a smart option for anyone who wants to earn
a higher interest rate and have ready access to funds.
All money market accounts offer convenient access through
SMARTLINE, Online
Teller or money market checks.*
If you wish
to order money market checks, please send your account
number, phone number and how many checks you would like
(12, 24 or 36 checks), date it, and mail, fax or e-mail
it to Mazuma Credit Union.
- FAX: Attn:
Receptionist, Fax # 816-361-0922
- MAIL: Attn:
Receptionist, Mazuma Credit Union, 9300 Troost Ave.,
Kansas City, MO 64131-3000
- E-MAIL
- All balances earn interest,
paid at month-end.
- Withdrawals and transfers
are limited to six per month, three of which may be
by check.*
Classic
Money Market minimum
initial deposit $1,000
- Variable interest
paid monthly — Current
Rate
- Average daily balance
of $1,000 avoids a $5 monthly service charge.
Signature Money
Market minimum
initial deposit $10,000
- Pays more interest
than a Classic Money Market — Current
Rate
- Average daily balance
of $10,000 avoids a $10 monthly service charge.
Premier Money
Market minimum
initial deposit $25,000
- Pays highest Mazuma
Money Market rate available — Current
Rate
- Average daily balance
of $25,000 avoids a $15 monthly service charge.
*In
compliance with federal regulations, Mazuma Credit
Union must limit the number of withdrawals that are
not performed at the teller counter to six
per month. Also, no more than three of these
withdrawals may be by check. EXAMPLE: You
could write two checks per month and use the remainder
of your transfers through SMARTLINE, Online Teller or
overdraft protection. IMPORTANT: Any additional
check withdrawals (over the three per month) will be
returned "Refer to Maker" and your account will be charged
a $15.00 fee. Online Teller and SMARTLINE withdrawals
and transfers, and overdrafts in excess of the six per
month (including the three checks) will not be processed.
Hint:
You can combine any savings
or checking account with an ATM
or Convenience Card
and SMARTLINE.
Checking Accounts
- Unlimited check writing.
- No per-check fees.
- Detailed account statements.
- Convenient records
provided by check carbon copies.
- Free check
images for the past 90 days are available
within Online
Teller 's checking account history.
Classic Checking
- FREE
- no monthly service charges.
- No minimum balance
required.
- Balances do not earn
interest.
Signature Checking
- All balances earn
interest
on a day-in, day-out basis, paid at month-end.
- Average daily balances
over $1,000 eliminates a $5 monthly service charge.
Premier Checking
- All balances earn
interest
on a day-in, day-out basis, paid at month-end.
- Average daily balances
over $5,000 eliminates a $10 monthly service charge.
PLUS
- Premier Checking Members receive...
- Free
exclusive checks ($13.29/box value)
- Free
bill payment service through Online Teller ($5.95
value)
- Free
stop pays ($15/item value)
- Free
check copies (limit 5/visit — $10 value per
visit)
- Free
photocopies (limit 5/visit — $5 value per visit)
Hint:
Online
Teller is the perfect partner for our Classic,
Signature and Premier Checking accounts. Online Teller
is FREE with unlimited access to your accounts.
View and print account transactions, transfer funds
between accounts, obtain check withdrawals and so much
more.
Also, save money and time
with the Online
Teller Bill Payment option with the highest
security on the Internet today. No more
time spent licking stamps, addressing envelopes and
writing checks. Bill Payment allows you to pay anyone
or any company, schedule payments in advance of their
due dates, set up recurring bills and know they’ll
be paid automatically and easily print reports. And,
best of all, Bill Payment is FREE. Also, check
out our FREE e-statements. You can save yourself time
and money in so many ways as a Member of Mazuma. Mazuma
membership doesn't cost...it pays!
Certificates of
Deposit
- Interest compounds
monthly.
Classic
CD
- Minimum initial deposit
is $500.
- Higher interest
rate than savings.
- Terms of 3 or 6 months,
and 1, 2, 3, 4 or 5 years, allowing you to choose
the CD maturity that coincides with your goals.
- Interest rate guaranteed
for term of CD.
Signature CD
- Minimum initial deposit
is $10,000.
- Higher interest
rate than our Classic CD.
- Terms of 1, 2, 3,
4 or 5 years, allowing you to choose the CD maturity
that coincides with your goals.
- Interest rate guaranteed
for term of CD.
- Qualifies you for
Mazuma's Performance
Savers Package.
Premier CD
- Minimum initial deposit
is $25,000.
- Highest CD interest
rate available.
- Terms of 1, 2, 3,
4 or 5 years, allowing you to choose the CD maturity
that coincides with your goals.
- Interest rate guaranteed
for term of CD.
- Qualifies you for
Mazuma's Performance
Savers Package.
Deposit CD
- Minimum deposit is
$5,000
- Terms of 2 or 3 years,
allowing you to select the CD maturity and interest
rate that coincides with your goals.
- Two additional deposits
are accepted during certificate term. Each may be
up to 50% of current balance.
Keep your options open with
Mazuma’s Deposit CD. You have two opportunities to
deposit more money during the certificate term. If CD
rates go down, you can deposit more money into your CD
and earn your existing, higher rate.
Jump-Up CD
- Minimum deposit is
$5,000.
- Terms of 2 or 3 years,
allowing you to choose the CD maturity and interest
rate that coincides with your goals.
- Two opportunities
to "Jump-Up" to a higher interest rate during the
certificate term.
Give yourself a raise with
our Jump-Up CD. It allows you two opportunities to “jump-up”
to a higher interest rate during the CD term if interest
rates go up. Maximum increase in rate is 1.00% per jump
(or to current rate).
Wealth Builder
CD -
- Rate equal to 6-month
Classic CD.
- Minimum initial deposit
as low as $100.
- Great
Interest Rate.
- Term of 1 year ONLY.
- Requires regular
monthly deposits of at least $25 to avoid a $25
fee at the end of the contract.
The Wealth Builder CD is
a systematic savings plan that can put you on the road
to building your wealth today. You can make a contract
with yourself and Mazuma to deposit at least $25
a month into your Wealth Builder CD. And when you reach
$500 or more, you can transfer the balance to our Classic
CD without penalty and earn the higher rate!* It's the
easy way to save and turn dreams into reality.
*Note: The minimum contract
must have been met and the money withdrawn put into a
Classic CD with Mazuma.
Young Investor's
CD
- Open to investors
ages 17 and under.
- Initial minimum deposit
is $100; maximum balance is $5,000.
- Available as a three-year
term ONLY.
- Great
Interest Rate.
- Unlimited deposits
of $25 or more at any time.
Membership for those age 17
and younger requires a $5 minimum deposit into a share
account.
Individual Retirement
Accounts Request
an Application
- Interest compounds
monthly.
IRA
Share Account Request
an Application
- Turn a regular share
savings account into an IRA tax-deferred share account.
- No minimum or maximum
deposits.
- No term limits.
- Great
Interest Rate.
- Contributions may
be tax deductible.
- Withdrawals limited
by IRS regulations.
Retirement Access
IRA CD Request
an Application
- For Members who want
the higher interest rate of an IRA certificate without
an early withdrawal penalty.
- Minimum balance $500.
- Minimum withdrawal
$500.
- Term 1 year ONLY.
- Great
Interest Rate. The Retirement Access IRA CD
is only associated with Classic CD rate (one-year
term).
- For Members ages
59 1/2 and over.
- Withdrawals limited
by IRS regulations.
- Traditional IRA only.
Note: Member may
transfer from any other IRA CDs one time into this CD
without penalty if original CD was opened prior to 1/01/01.
Classic IRA
(Certificate
of Deposit) Request
an Application
- Choose from a Traditional,
Roth or Education IRA.
- Minimum deposit is
$500.
- Terms of 3 or 6 months,
and 1, 2, 3, 4 or 5 years.
- Interest
rate varies by term.
- Contributions on
a Traditional IRA may be tax deductible.
- Withdrawals limited
by IRS regulations.
Signature IRA
(Certificate
of Deposit) Request
an Application
- Choose from a Traditional,
Roth or Education IRA.
- Minimum deposit is
$10,000.
- Terms of 1, 2, 3,
4 or 5 years.
- Higher interest
rate.
- Contributions on
a Traditional IRA may be tax deductible.
- Withdrawals limited
by IRS regulations.
Premier IRA
(Certificate
of Deposit) Request
an Application
- Choose from a Traditional,
Roth or Education IRA.
- Minimum deposit is
$25,000.
- Terms of 1, 2, 3,
4 or 5 years.
- Highest interest
rate.
- Contributions on
a Traditional IRA may be tax deductible.
- Withdrawals limited
by IRS regulations.
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