CHECKING / SHARE DRAFT ACCOUNTS
When is a checking account not a checking account?
When it’s called a Share Draft Account! It looks, writes
and is accepted just like a checking account. Discover the benefits
of opening a share draft account with South Hills Healthcare Federal
- With our Share Draft Account, there are no minimum balance requirements
and no monthly service charge.
- Unlimited check writing with no per check fees.
- No hassles with cancelled checks because you generate a carbonless
copy with every check you write.
- Overdraft Protection is provided from your Regular Share Account.
- Direct Deposit available
- Electronic Bill Payment
- Master Money Debit Cards are available to make purchases instead
of writing a check. Debit Cards can also be used at any ATM with
the PLUS System logos.
- Re-order Checks online
Credit Union members have access to their accounts through the ATM
network. They offer 24 hour service, 7 days a week, for transactions
including: deposits, withdrawals, transfers, and account inquiries.
You are eligible for a Debit card if you are a member in good standing.
Credit Union members may acquire a Master Money Debit Card by applying
at the Credit Union or by requesting an application form. The Debit
Card works like a check. Purchases are directly debited from your
Share Draft Account. There is NO FEE if the card is used as a debit
The Master Money Debit Card can also be used as an ATM card.
The Credit Union will not charge for transactions made at any PNC
Bank ATM machine. There will be a $1.00 fee for each transaction
at any other ATM machine. The owner of the ATM may impose a surcharge
Please note: There may be a delay before ATM or Debit Card
transactions are posted to your account.
Regular Share Savings Accounts
This is the initial account you open to become a member, which qualifies
you for all of the Credit Union services. By maintaining a $5.00
balance in this share account, you become a shareholder as well
as a member. These shares represent your ownership of the Credit
Union. There is a minimum balance of $5.00 required to earn dividends.
Dividends are compounded daily and paid quarterly.
Share Club Accounts
In addition to regular share accounts, South Hills Healthcare Federal
Credit Union also has special accounts called Vacation Club Share
Accounts and Christmas Club Share Accounts. Vacation clubs start
the first pay in April of each year and mature at the end of March
of the following year. Christmas clubs start the first pay in October
of each year and mature at the end of September of the following
year. At the end of each term, the balance in your Vacation club
will automatically transfer into your regular share savings account
and the balance in your Christmas club will be mailed to your home
address. You may then access these funds by ATM's, in person, or
by mail. You may also make deposits in this same manner as well
as through payroll deductions. Dividends are compounded daily and
paid at the end of the term. There is a $5.00 fee for early withdrawals.
Share Certificates (Certificates of
This investment option allows you to lock in a terrific rate of
return over a fixed period of time, and is a great place to deposit
funds that you will not need for a period of time.
We offer short term certificates for 6, 12, and 18 months. The
Dividend Rate and Annual Percentage Yield are fixed and will be
in effect for the term of the certificate. Dividends are credited
quarterly, and early withdrawals are allowed with a minimal penalty.
There is a minimum deposit of $500.00 to open a short-term certificate.
Long term certificates of 24, 48 and 36 months are also being offered
at a higher Annual Percentage Rate and Yield. Rates are fixed and
will be in effect for the term of the certificate. Dividends are
credited quarterly, and early withdrawals are allowed with a minimal
penalty. There is a minimum deposit of $2,500.00 to open a long-term
Traditional and Roth IRA’s
There is no minimum balance to open this account. There is no administrative
fee. Dividends are paid quarterly to the certificate.
Each account is insured by The National Credit Union Association
(NCUA) up to $100,000.00. NCUA maintains one of the largest and
strongest levels of financial reserves in America.