Not For Profit, But For Service

Wyochem Federal Credit Union is one of the few remaining credit unions that has a closed field of membership. This means not just anyone can join, it is like an exclusive club. Below is a list of employers that have signed up to join our field of membership. If you or a family member work for any of the companies listed, you may qualify for membership. Anyone under the age of 18 years old is eligible for membership. If you have a family member under the age of 18 years old you can open an account for them and then one for yourself. Call today for more information. Click here for a list of eligible employers

With 38 years of service to our members, we are experienced providers of financial products and services. We understand that you have worked hard for your money and deserve the best financial services available. Your savings are secure at Wyochem Federal Credit Union because your total or aggregate savings are insured up to $250,000 by the National Credit Union Administration, an agency of the Federal Government. Over 38 years ago, Wyochem was founded by what was then “Allied Chemical” (now “Tata Chemical Soda Ash Partner”). As a result of their initiative, any current and future employee and family members are eligible for membership.
It is easy to become a member. Just drop by any office and fill out a membership application and with an opening deposit of $31 you’re good to go. Your membership is good for a lifetime, regardless of changes in employment. Most people related to you are also eligible for Wyochem Federal Credit Union membership. Once you have joined, let your family members know all the benefits they can receive as a Wyochem Federal Credit Union member.
Schedule of Fees and Charges
The following fees and charges for special services are effective as of February 1, 2016 and are subject to change without notification.

Share Draft Accounts

  • No dividends paid at this time
  • No monthly service charges
  • No minimum balance required
  • Free withdrawals from share and savings accounts
*Three free automatic transfers per month; after three automatic transfers $3.00 per transfer; All phoned in transfers are free.
Stop payment $15.00 each
NSF Fee $30.00 each
(Insufficient funds on closed account) Automatic Return
Micro­film copy of drafts $2.75 each
Internal Overdraft Transfer Fee $3.00
(Three free each month) $1 afterwards unless overdraft
Member request transfer fee Free
Overdraft Fee $30.00 each
Share Draft Printing Fee (Prices may vary depending upon style)
NSF Checks deposited to Member $5.00
Accounts Overdraft Protection Loan 16% APR

Regular Share and Secondary Savings Accounts

Three free withdrawals per month, additional withdrawals assessed excessive withdrawal fee.

Excessive withdrawal fee* $1.00 each
New membership fee $1.00
Minimum required on deposit** $25.00

*Excessive withdrawal fee waived for share draft account holders.
**Children between the ages of 0 to 18 when opening a new account are allowed six months to bring their account up to the required minimum balance of $25.
No annual fee
Replacement Debit/Card Cards – are available, some fees may apply
Fee $1.00 per hundred check cashing fee if the only service you have is savings and are using Wyochem as a check cashing service.

Club Accounts

Christmas Clubs:
● Paid annually on October 31
● Funds available after November 1
● Penalty for early withdrawal ­ loss of dividends

Certificates

Certificates of Deposit – $500.00 MINIMUM

One year or less Maturity – Dividends compound quarterly and pay at maturity. Early withdrawal penalty of 30 days dividends.

Over one year Maturity – Dividends compound quarterly and pay at maturity. Early withdrawal penalty of 90 days dividends.

IRA Accounts

Dividends compound and pay quarterly.

$15 Annual Service Fee

Wires and Transfers

Outgoing Wire Transfers

Incoming Wire Transfers

$25.00

$15.00

Overseas Wires $35.00
FAX* $1.00 per page
Money Orders $2.00 per MO
Inactive Account Fee $5.00 per month after 3 yrs
*Anywhere within the Continental USA.

Wyochem Federal Credit Union in agreement with the Green River Family Recreational Facility can provide to you, as a member, the following discounted or convenient use of the recreational facility.

Simply drop by either credit union office and ask to sign up for the Rec. Center Program. The office will instruct you on how to go about getting your identification cards from the Recreational Facility.
Recreational Charges will be deducted from your Share Account each month according to your use of the facilities. These charges will appear on your Quarterly Statement. It is the member’s responsibility to keep sufficient funds in their account to cover these charges. NO Individual bills will be mailed.

Truth-In-Savings Information

You may have noticed that your Credit Union does not advertise a specific rate for the next dividend period, even though area banks advertise the rates they offer. Our rates are very attractive, and the Credit Union makes every effort to ensure that you, the member, receive the best possible return on your savings. However, federal law prevents us from guaranteeing a rate for a specific period of time, until the federal credit union provides for reserves for that period. The legal requirement helps ensure the financial strength of each Credit Union. It is a good rule and one that helps to maintain Credit Unions among the safest financial institutions in the nation.

While we cannot advertise a future rate, we are happy to provide a list of our most recent rates and, of course, discuss our dividend rates and policies with members at any time.

Rates Disclosures are available on request.