Benefits of Business Accounts

Chicago Municipal Employees Credit Union offers a full range of business deposit products designed to meet your growing business needs. Open your business accounts at Chicago Municipal Employees Credit Union and avoid costly financial service fees today.

Savings Accounts

Service Standard Accounts Non-Profit Accounts
Minimum Balance $100.00 $100.00
Earns Interest Yes Yes
Compounding & Crediting Dividends compounded and credited every quarter Dividends compounded and credited every quarter
Minimum Balance for Yield Must maintain a minimum balance of: $1000 + to obtain the disclosed APY Must maintain a minimum balance of: $1000 + to obtain the disclosed APY
Monthly Maintenance Fee $0 $0
Courtesy Pay/Overdraft Protection $600.00 $600.00
Online Banking Free Free
Phone Banking Free Free
e-Statement Free Free
Online Bill Pay Free Free
FI-FI transfers Free Free
Wires Incoming $5.00 Free
Wires Outgoing $20.00 $10.00

Checking Accounts

Service Standard Accounts Non-Profit Accounts
Minimum Balance Open Open
Earns Interest Yes Yes
Compounding & Crediting Quarterly Quarterly
Minimum Balance for Yield Average daily balance $3,000 Average daily balance $2,000
Monthly Maintenance Fee $10.00 $0
Courtesy Pay/Overdraft Protection $600.00 $600.00
Online Banking Free Free
Phone Banking Free Free
e-Statement Free Free
Online Bill Pay Free Free
FI-FI transfers Free Free
VISA Debit/ATM card $5.00 per year $5.00 per year

Money Market and Certificates of Deposit

Service Money Market Certificates of Deposit
Minimum Balance $10,000.00 $1,000.00
Earns Interest Yes Yes
Compounding & Crediting Dividends compounded and credited every quarter Dividends compounded and credited every quarter
Tiers for Yield Must maintain a minimum balance of : $10,000 + to obtain the disclosed APY Minimum balance of:
$1,000-9,999 for 6, 12, 24, and 36 months $10,000-24,999 for 6, 12, 24 and 36 months and
25,000 plus for 6, 12, 24 and 36 months to obtain the disclosed APY
Monthly Maintenance Fee $0 $0
Overdraft Protection (over 60 days) N/A N/A
Online Banking Free Free
Phone Banking Free Free
e-Statement Free Free
FI-FI transfers Free Free

Note: Members can have three checks free a month from their Money Market accounts