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What's New
Today's Rates as low as...
Rates subject to change w/o notice
1st Mortgage Online Apps
View Rates, Products & Apply Online!
Automobile Loan Promotion
No Payments Until April 30th!
Enhanced & Expanded Functionality!
Purchase Your Car There - Get The Loan Here!
10.90% APR, 60 Month Terms!
Platinum Credit Cards
Upgraded Classics to Platinum!
Click Here for Online Forms!
TurboTax Online
Easy Tax Solution Access!
Ask For A Credit Union Scratch Ticket
Offers More Loan Rate Discounts!
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Calendar of Events
Holidays:
Memorial Day
Mon., May 31st, 2010
Independence Day
Mon., July 5th, 2010
Branch Hours:
STONEHAM
Mon, Tue, & Fri 9:00-4:30
Wed
9:00-3:00
Thu
9:00-6:00
Sat
9:00-12:00
WILMINGTON
Mon, Tue, & Fri 8:30-11:30
12:00-3:30
Wed
8:30-11:30
12:00-2:00
Thu
8:30-11:30
12:00-5:00
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Credit Union Products
Savings, Checking and Loan Accounts
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When you join Stoneham Municipal EFCU you
initially open a Regular Share Account. As a shareholder, you become one of the owners of
the credit union. It only takes $5 to open a Share Savings account
and become a member. Dividends are compounded and credited monthly
on Regular Shares with $100 or more. |
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The Stoneham Municipal EFCU Share Draft Account is
designed for you. No minimum balance. No monthly service charge. Your money is at the tip of your pen - when and
where you need it. You'll also find many other features that make our
Personal Checking Accounts standout amongst the rest:
- Free- First box of basic checks for new accounts
- Free- First 2 boxes of basic checks per year for "Golden
Age" members
- Free- ATM/Visa Check Cards
- Free- Remote service account access (online banking, 24/7
auto teller, e-statements, etc.)
- Free- Bill Payer for the first 6 months
- Free- Direct deposit service
- Free- Online checks reorder ability
- No per transaction fee
- Dividends available with $500 balance or more
- Over Draft protection available
 Business
Checking Accounts are also available. Please ask our staff for
details. |
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An All Purpose Share account is designed to
help you save for those special purposes … vacation, taxes, education,
wedding, insurance, etc. For convenience, you may arrange for
automatic deposits from your payroll or direct deposit. Of course, you
can make cash deposits at any of our branches as well. |
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Holiday Club - Save money throughout the
year to help with your holiday expenses. You may open your Holiday
Club Account at any time throughout the year, and you may make
deposits and withdrawals at any time without penalty. The balance is
transferred to an account of your choice in October of each year.
Vacation Club - This Club account is designed to help you save for a
special purpose … vacation, taxes, education, wedding, insurance,
etc. For convenience, you may arrange for automatic deposits from
your payroll or allotment. Of course, you can make cash deposits at
any of our branches. You'll earn high dividends on this special
share account.
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Term Share Certificates are investments
featuring set dollar amounts with fixed terms and fixed rates.
It's a high-yield means of earning the maximum return on your
deposit. Stoneham Municipal EFCU offers a variety of share certificate options that
provide ease and flexibility in starting an investment program.
Please note that Share Certificates are subject to substantial
penalties for early withdrawal.
Members under age 19 can earn
"grown-up" dividends with the same great terms and rates as a
regular certificate, but requiring only a $250 minimum. The Youth
Savings Certificate helps young people yield more for their savings
sooner.
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This savings
account is for member groups and businesses. The minimum
amount required to open the account is $5.00. An example of a member group is a
D/B/A (Doing Business As) opened with the member's social security
number. Business
accounts include the following type
of organizations and must be opened with a
Tax ID number:
- Sole Proprietorships (w/
EINs)
- Partnerships
- Limited Liability Companies
- Corporations
- Government Agencies
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Not-for-profit-Organizations
Note: Loans are not offered
to Organizational account holders. |
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Don't have a retirement plan at
work? Perhaps an Individual
Retirement Account would be
beneficial in saving for the future.
An Individual Retirement Account
(IRA) is a sound way to save for
retirement. A Stoneham Municipal EFCU IRA allows
you to save a portion of your earned
income each year while earning
competitive dividend rates.
Please note that IRAs
are insured separately from
your other deposit account(s) by the
National Credit Union Administration
(NCUA). IRAs are insured in the
aggregate to $250,000 (ask us for
an Insured
Funds Brochure for more detail).
Stoneham Municipal EFCU offers several
investment options for IRAs
with no fees or maintenance charges:
- Traditional Share & Share
Certificate IRAs
- Roth IRAs
- Coverdell Educational IRAs
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Your IRA Share Account
may be used for periodic
contributions (including automatic
deposits and transfers) throughout
the year. Our high interest earning
Traditional Share Certificate IRAs may
be purchased with a minimum of $10,000
for a term of either 36 or 60 months.
Consult your tax advisor for
clarification on tax implications
(eligibility, contribution limits,
deposit deadlines, etc.) and to help
you make decisions regarding
retirement and education investment
options.
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We offer a variety of personal loans at
competitive low annual percentage rates to
use for any purpose such as purchasing a new
computer, paying off high interest credit
cards, taking a family vacation and much
more!
Personal & Co-signer Loan - Your good credit and a
signature is all you need. Offering generous loan amounts for
qualified members with terms up to 60 months.
Personal Line of Credit - It can replace the need
for one or several signature loans. Once a line of credit has been
approved you may borrow a minimum of $500 up to your credit limit. A
definite advantage for this type of loan is the speed with which you
will receive your money after the credit line has been established.
Consolidation Loan - Need to consolidate? Maybe high
interest credit cards are becoming a real nuisance. Whatever the
reason, if you need up to $10K we can arrange it quickly.
Share Secured Loan - Your credit status or debt ratio
is of no concern with this loan. Simply use your savings account
as collateral for the equal amount and your loan is approved
immediately. As the balance owed on the loan
decreases, an equivalent amount becomes available in your savings. You'll
also pay a much lower interest rate while continuing to earn dividends
on the savings.
Over Draft Line of Credit - This credit line works in
conjunction with your Share Draft Account.
It advances up to $1,500 to your
checking account in the event checks are presented against
insufficient funds, thereby saving you the cost and embarrassment of
returned checks. |
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You can get better performance out of your
budget and more miles out of your money when
you finance a new or used vehicle loan at Stoneham Municipal EFCU. Members can
finance a new vehicle with no money
down (100%) and used autos are financed up to 85%
of their value.
Unhappy with your
current vehicle loan elsewhere?
Stoneham Municipal EFCU will gladly offer
you our "Auto Transfer Loan" and transfer
your
existing balance and payments to us at our
low rates.
- Finance cars, trucks, vans and
motorcycles
- Pre-approvals are available
- Extended terms up to 72 months on
new autos
- Terms up to 60 months on used autos
- Refinancing available — contact us
to compare interest rates
Recreational Vehicles - we also offer
loans for motor homes, boats, jet skis and
snowmobiles.
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With a Stoneham Municipal EFCU Platinum VISA®, you'll have affordable credit
at your fingertips whenever you need it
most. No matter where your adventures take
you, your low interest and no annual fee
Platinum VISA®
Credit Card is packed with everything
you need for convenient purchasing power.
- Low Rate
- No Annual Fee
- Limits up to $15K
New to the world of credit or wish
to rebuild your credit history?
Our secured card could be the perfect
choice. A Secured VISA Credit Card looks and
functions just like a standard credit card
but requires a share deposit equal to your
credit limit.
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Enhanced Home Equity Loans at Stoneham
Municipal EFCU will help you
feel more secure about your borrowing
decisions and your future. As a homeowner, you can use your home's
equity to finance virtually anything,
including home improvement projects, debt
consolidation, family vacations, college
tuition and much more!
- Low closing costs in which the
credit union will pay the first $300 for
you
- Make balance inquiries, obtain
payment information or transfer loan
payments through Stoneham Municipal EFCU's FREE Online
Banking program
- Interest may be tax deductible
(consult with your tax advisor)
Home Equity
Line-of-Credit Loans
- Variable rate line-of-credit
- Rate set at prime rate (4.0% Min.)
- Generous credit limits for qualified
members
up $75K
- Access your funds as often as you
wish for up to 10 years
- Borrow up to 75% of your home's
equity
- Purchase items or obtain cash
advancements through
Stoneham Municipal EFCU's FREE check
book system
Home Equity Fixed-Term Loans
- Low, fixed rates with terms for 5,
7, 10 and 12 years
- Generous loan amounts up to $125K for qualified
members
- Borrow up to 75% of your home's
equity
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In search of the
perfect home or is it simply time to refinance for that special
purpose? Let us help you finance it. In partnership with
Allanach Mortgage Group, we offer low-cost, fixed rate
1st mortgages from 10 to 30 years plus many other home loan
options; click here for Mortgage Rates. To
learn more, contact one of our credit union staff at 781-438-3959 or
978-658-5394.
Applying Is Easy! ... click on
our
online "Pre-Qualifying App"
link below and submit the completed form. We will be
glad to evaluate your
status and help determine the best product to fit your needs.
Our goal is to respond to your application within 24 Hours!
Mortgage Pre-Qualifying Application. |
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