- Allows basic membership with $5.00 initial deposit, and must be maintained to keep membership status
- Dividends paid quarterly at competitive rates
- Free unlimited withdrawals at any CES Credit Union ATM location
- Four free ATM cash withdrawals per month at ATM locations other than CES Credit Union ($1 charge/use after 4 withdrawals)
Minimum Balance: A deposit of $5.00 is required. This amount is equal to one share
Dividends: Dividends (more commonly known as "Interest") will begin to accrue on the date of deposit. Dividends are calculated using the daily balance method which applies a periodic rate to your daily balance for the dividend period. If you close your account before dividends are credited, you will not receive accrued dividends.
Minimum Balance to Receive Dividends: Dividends will be paid on your entire balance for any day you maintain a minimum balance of $100 or more. With the exception of members under age 18, who will receive dividends on their actual daily balance regardless of the amount.
Payment of Dividends: Dividends are declared and credited on the last day of each calendar quarter. Until a new rate is declared by the credit union Board of Directors the rate last paid will be the current anticipated rate. Dividends are paid from current income and available earnings.
Fees: There are some fees that may affect your credit union accounts. The credit union does not impose fees except where extra processing or handling of the accounts is needed.
Among the fees are...
Share Draft Overdraft Privilege Fee (Courtesy Pay) per item of $25.00 | Overdraft Fee per item $25.00| Funds Transfer Request by phone $1 | Stop Payment of one check $15 or series of 2 or more $25 (This is free on ACCESS Online)
Transaction Limitations: You may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a pre-authorized or automatic transfer or telephone order or instruction, during any calendar month. Not more than three of the six transfers may be made by check, draft, debit card or similar order to a third party. If you exceed these limitations your account will be subject to an "Excess Transfer Fee" and possible closure by the credit union.
The Money Market Account from CES Credit Union offers a highly competitive savings alternative without locking up funds for a long term. There is no minimum time committment for Money Market Accounts (beyond any holds placed for checks to clear.)
Money Market Account holders will receive a book of withdrawals that work like checks, so you can write a draft from your Money Market to a third party, and the draft will post to the savings just like a check, and you will receive a monthly statement of your earnings.
You can now earn a Money Market rate of interest and have the flexibility of adding to or moving your funds with ease and without penalty. Please check with the credit union for the current market rates and levels, or click this link for current rates and levels.
The Money Market Account is also a safe choice, since in addition to being a well-run organization, CES Credit Union accounts are federally insured up to $250,000 by the National Credit Union Administration.
The minimum balance requirement is $2500. (Accounts with balances below the minimum will receive the regular share savings rates). There are presently four levels beginning at $2500 and each carries a rate that increases with the balance level. Some restrictions apply.
See us now so we can get your money working harder for you.
Incoming Wire Instructions
Wire Funds to:
Corporate One Federal Credit Union
Routing Number: 2440 8426 4
(The funds must go to Corporate One Federal Credit Union first)
For Further Credit:
CES Credit Union, Inc
1215 Yauger Road
Mount Vernon, OH 43050
Routing Number: 244180537
Must reference both the Name and Account Number
For any questions, please contact us at (740) 397-1136.
Internet Gambling Notification
Important Account Notice Regarding an Update to the Federal Reserve Regulation GG - Unlawful Internet Gambling Enforcement Act of 2006
Unlawful Internet Gambling Enforcement Act (UIGEA) Requirements:
The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 prohibits any person engaged in the business of betting or wagering, as defined in the Act, from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. The Department of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act.
As defined in Regulation GG, unlawful Internet gambling means to "…place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law or tribal lands in which the bet or wager is initiated, received or otherwise made".
Please be advised that as a member (accountholder) of CES Credit Union, unlawful internet gambling transactions are prohibited from being processed through your account or banking relationship with us.
CES Credit Union will not open accounts for customers engaged in any Internet Gambling Business, including legal internet gambling businesses. In the event CES Credit Union receives actual knowledge that the credit union’s commercial customer is engaged in an Internet Gambling Business, credit union management will close the commercial member’s account.