Savings

• All UECU deposit accounts are federally insured up to $250,000 by the National Credit Union Administration, a United States Government Agency.
• Interest (dividends) are paid monthly on all savings accounts.
• For more information on Share Insurance and to estimate your insured Share Savings, use our NCUA Share Insurance Estimator

Deposits

• Deposits to Share Savings, Checking, Special Savings and IRA accounts can be made through payroll or pension deduction at our sponsor companies.
• Deposits can also be made via the U.S. Mail or at the Credit Union office located at 11 Meridian Blvd, Reading, PA 19610.
• Deposits are accepted at the Credit Union office Monday, Tuesday, Thursday and Friday from 8 AM-5 PM, and Wednesday from 8 AM-3:30 PM.
• Payroll deduction is also available to family members’ (children, grandchildren, step-children, spouse, domestic partner, siblings, parents and step-parents) accounts.
• Review our Check Clearing Policies Disclosure.

Withdrawals

• Withdrawals can be requested using the PAL™ Voice Response System , U.S. Mail, through a telephone call or email sent to the Member Service Department, or in-person at the Credit Union office.
• Withdrawals from IRAs may be requested by completing the appropriate Withdrawal form. Withdrawals will be processed the day they are received at the Credit Union.
• For Coverdell ESA's, the responsible individual must sign the Withdrawal Form. The withdrawal check will be made payable to the Coverdell ESA beneficiary unless otherwise indicated.
• Withdrawal check requests received before 3 PM, Monday through Friday, will be processed the same day. Requests received after 3 PM will be processed the next business day (except for in-person requests).
• Electronic funds transfer withdrawals received before 1 PM, Monday through Friday, will be processed the same day. Requests received after 1 PM will be processed the next business day.
• Withdrawals are generated in the form of a check, which is mailed to you or picked up at the Credit Union office during business hours. Over-the-counter withdrawals at the Credit Union office can be processed anytime during business hours.
• Withdrawals can also be processed using e-Vantages™ by Web, our Electronic Funds Transfer service. This free service transfers money directly to your checking account on the next business day.

Statements

At a minimum, you receive a statement at the end of each quarter (March 31, June 30, September 30 and December 31). If you have a "Regulation E" transaction (such as Target Deposit or a PAL™ transaction), you receive a statement more frequently. For any month in which you have this type of transaction, a month-end statement is generated and mailed to you.

IRA Information

• Prior Year Contributions -All contributions to be allocated to a prior year (before the tax deadline only) must be designated in writing by completing a Contribution Direction Form. Payroll and pension deduction deposits will be credited as a current year contribution only.