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-Statements
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 Account
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-Statements
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
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. $25,000+ 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-Statements
Free
Free
FI-FI Transfers
Free
Free
Note: Members can have three checks free a month from their Money Market accounts.
