Organizational Chequing Account

Branch discretion required to assess the organization as non-profit.

Definition:

Societies and organizations: “unincorporated societies, clubs, lodges and organizations exist legally through their individual members.

• Organizations, which qualify for preferred service charges will be in accordance to the following no fee features*
• Non-qualifying organizations have the same no fee features as a personal/regular Chequing account

Account Features – No Fee

• Deposits
  • in branch
  • ATM
• Cash Withdrawals – in branch
• Debit transactions
• No minimum balance required
• Manitoba Credit Union ATM withdrawals
• Membership card new or renewal
• Bill Payments through:
  • CUbyPhone 1-888-748-2907
  • CU@Home
  • in branch
• Access to:
  • CU@Home
  • CUbyPhone 1-888-748-2907
• Transfers
  • P.A.T. (pre-authorized transfers)
  • Auto-Transfer to cover overdraft
  • Telephone transfer between same member’s accounts
• Commission to purchase travelers cheques
• Night Deposit locked bag
• Commissioner of Oaths
• Monthly Statements with cheque images - statements are held in branch for pick-up and mailed once 3 months are in the member file

Additional - No Fee Features – Unlimited Transactions

• Unlimited cheque clearing

Interest

• Non interest bearing account

Pricing

• No monthly maintenance Fee

Benefits to Member

• Convenience of a low fee account for a non-profit organization
• Security and peace of mind that funds are fully guaranteed by Credit Union Central Deposit Guarantee Corporation

* Qualifying organizations include, Community churches serving a local congregation possessing a Federal Donation Tax number. Community Service Organizations which operate for the benefit and betterment of a community. As well as Community youth organizations which operate from a service perspective. Any other organization not qualifying for exemption as above may request consideration. Any such exemptions will require authorization of the branch manager.