Products & Services

At Med Park Credit Union share draft checking account is just like an ordinary checking account - only better! You can earn dividends on your checking account if you maintain a daily balance of $500.00. Each month you receive an easy-to-read statement.

• No monthly fees - free checking
• Overdraft protection is also available - inquire at the credit union

Direct Deposit
Direct deposit is available for members receiving Social Security and other government checks, as well as persons whose employer administers the direct deposit program.

Direct deposit is quick, safe, convenient way to have access to your money without ever coming to the credit union to deposit your check.

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Preauthorized Payments
Preauthorized payments are also available. They will automatically make your mortgage payment, insurance premiums, plus more if the other organization can originate an automatic check. Contact them for more information.

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Automatic Transfers
The computer will transfer your shares to your share draft account when needed. There will be a $2.00 telephone transfer fee.

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Voice Response
You can call our toll free "Voice Response" at 1-877-474-5948 and do all your telephone transactions 24 hours a day - seven days a week at no charge.

Voice Response Main Menu >>>

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Med Park Stars - 55 years and older

• Checking accounts for members 55 years and over.
• Free checking and Med Park will also buy your checks for you.

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ATM/Debit Cards
Stop in and apply for an ATM or Instant Cash and Check Card. With Instant Cash and Check Card every purchase is as simple as using a credit card. No need to worry about cashing your checks when you are out of town. Instant Cash and Check is accepted everywhere VISA is.
Learn more >>>

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Overdraft Protection
This loan is unsecured and attached to the checking account. Standard limit is $500 - with repayment being made from the checking account the 1st of each month. Interest rate is at the unsecured rate.

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Checking Account Maintenance
The importance of successful checking account management
Knowing how to successfully manage your checking account is important. Successful checking account management will give you better control over your day-to-day finances and can lead to your having more control over the rest of your personal finances.

The key to successful checking account management is organization.

With a balanced checking account, you'll be less susceptible to NSF (non-sufficient funds) occurrences because you will have a clear indication of what your balance is at all times. If you've ever had a check returned NSF, you know how expensive, inconvenient and embarrassing it can be. Furthermore, excessive NSF occurrences can lead to loss of checking account privileges.

To successfully balance your checking account you should be familiar with the three elements involved in checking account balancing: the checkbook register, the checking account statement and the duplicate check. When used correctly, each of these elements work together to give you a fast and accurate method of checking account balancing.

The Checkbook Register
The checkbook register is the place where you record all of the debit and credit transactions that affect your account. A debit is any transaction that subtracts (-) funds from your account and a credit is any transaction that adds (+) funds to your account. Below is a sample page from a checkbook register:

The Duplicate Check
The duplicate check is the carbonless form located directly under each check you write. All the information written on a check is copied instantly onto the duplicate check. The duplicate check conveniently provides you with a quick record of all the checks you write. This is important in those times when you're in a hurry.

The Checking Account Statement
The purpose of your checking account statement is two-fold. First, it provides you with your credit union's official record of your checking account activity, and second, it aids in checking account balancing. The special work sheet located on the reverse side of most credit union statements is specifically meant for this purpose.

Your statement shows all the debits (check clearings, ATM withdrawals, ACH payments, etc.) and credits (deposits, ATM deposits, interest dividends, etc.) that occur during the statement period.

Share draft/checking account basics

Before you can cash or deposit any share draft/check, you have to endorse it. That means you must sign or stamp the back of it. Most share drafts/checks have a line for a signature or stamp. Otherwise, endorsements should be made within 1 and 1/2" from the left edge on the back of the share draft/check.

Tips on endorsing share drafts/checks.

• When you endorse a share draft/check, sign your name exactly as it appears on the front.
  
• If your name is spelled wrong on the front of the share draft/check, endorse it on the back the same way it appears on the front. Below that, sign your name correctly.
  
• If you give someone a share draft/check made out to you, be sure to write on the back "pay to the order of" and the person's name. Sign your name below that.
  
• REMEMBER: YOU ARE RESPONSIBLE FOR PAYMENT ON ANY SHARE DRAFT/CHECK YOU ENDORSE.

Types of endorsements

1. Blank Endorsement is the signature of the person to whom the share draft/check is written. Anyone can then cash it. (To be safe, endorse you share drafts/checks only when you're ready to cash them.)

2. Restrictive Endorsement states that the share draft/check is only to be deposited. You write "For Deposit Only" and sign your name under it. This is the endorsement to use when mailing a deposit to the credit union.

3. Special Endorsement makes a share draft/check payable to a third party and prevents anyone else from cashing it.

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