Member Services
You become a member of Central Credit Union of Florida when you purchase five shares ($5.00 par value each) in the credit union. These shares must remain on deposit in your Regular Shares (Savings) to maintain your membership. Our motto “Once a member, always a member” means you can keep your membership in the credit union regardless of where you work or live. Once your membership has been established, you become eligible to use all other services offered by Central Credit Union of Florida.
Eligibility
CCUFL’s field of membership includes anyone living, working, or attending school in Escambia, Okaloosa, Santa Rosa, Bay and Duval counties in Florida. Please contact us to determine your eligibility for membership with Central Credit Union, where You Belong.
How to Join
Only $25.00 is needed to open a savings account and begin your membership with Central Credit Union. Once you establish your savings account you are then eligible to enjoy other products and services with Central.
Stop by any of our branch locations and complete a membership application today. Please bring in your Driver’s License or picture ID, proof of your social security number, and the $25.00 to deposit in your savings account to establish your membership.
Regular Share Account (Savings)
To be a member of Central Credit Union of Florida, you must maintain a $25.00 balance in your Regular Share Account at all times. Once you have established the required minimum in your Regular Share Account you may apply for any of Central’s other services. Identity Verification Notice
Money Market Account (Savings)
The Money Market Savings Account is a way to earn more dividends than your regular savings account without locking up your funds for a specified term. Dividends are credited monthly and a $2,500.00 minimum balance must be maintained in the account. Receive a .25 basis point increase on select Term Share Certificates and a .25 APR (Annual Percentage Rate) discount on select loans. Checks are available upon request.
Vacation, Christmas, “You Name It” Account (Savings)
Central’s specialized savings accounts allow you to save money at your convenience and at your own pace. You can save by making daily, weekly, biweekly, or monthly deposits. You can also save by allotting a certain amount of money to your savings account through payroll deduction.
IRA Accumulator (Savings)
Start saving for your retirement by opening an IRA Accumulator Savings Account. The minimum deposit is $40.00. You may make deposits at any time, even direct deposit funds through payroll deduction into this account. Dividends are compounded daily and paid monthly. Once you reach $250.00 you may choose to invest your dollars into an IRA Term Share Certificate of Deposit.
Term Share Certificates of Deposit
If you are looking for a secure investment that pays a higher competitive rate, then a Term Share Certificate of Deposit is the product for you! Term Share Certificates allows you to save and earn more money by locking into a higher interest rate. Pick the maturity date that best suits your needs, and watch your savings grow. The minimum balance required is $1,000.00. The minimum balance for the IRA Term Share Certificate of Deposit is $250.00. Dividends are paid and credited monthly. Early withdrawals are subject to penalties.
Individual Retirement Accounts (IRA)
Take control of your financial future with an Individual Retirement Account.
Traditional IRA
The Traditional IRA allows you to defer the taxes on your earnings until they are withdrawn from the account. In addition, your contributions may be tax deductible in the tax year for which they are made.
Roth IRA
The Roth IRA features tax-free withdrawals for certain qualified reasons once a five year holding period has been met. Roth contributions are not tax deductible. If you expect to be in a higher tax bracket when you retire, you may benefit from the Roth IRA.
Coverdell Education Savings Account (ESA)
The Coverdell Education Savings Account (ESA) allows a person to contribute up to $2,000.00 per year for each child under the age of 18. The contributions to the account are not tax deductible; however, the earnings are not taxable provided the funds are used for the child’s qualified education expenses.
With Central saving is easy! If you are 17 years of age or younger, open a savings account with Central with only $5.00. Then, within 3 months bring the account balance to the $25.00 required minimum. Have money saved in a piggy bank? There is no need to roll your loose change. Simply bring in your loose change and let Coinstar do the counting for you. Start your membership today and become a part of our family!
Future Leader Checking
Are you 16 or 17 years old and need a checking account? Central offers a Future Leader Checking account that includes a Visa Debit card. Other benefits include:
- First order of checks free
- No monthly service fee
- Visa Debit Card
- Overdraft Protection from your savings account
- Unlimited Check Writing
- Free MTS (Magical Telephone System)
- Free E-Branch Banking
- Free Bill Payer
(Parent, Grandparent, or Guardian must be joint on Future Leader Checking account.)
Visa Credit Builder Program
If you are 17 years old or older and want to start building your credit, we are here to help. Central offers a Visa Credit Card to individuals who are 17 years or older, and are employed or enrolled as a student in a public or private school. The Visa Credit Card is a great way to get students started in learning the responsibilities of credit. Starting a credit history is essential and Central is here to help in this process. There is no annual fee on your Visa Credit Card. Apply online today thru E-Branch Banking, or visit any branch location.
As a member of Central Credit Union you will have access to more than 25 ATM machines in the Pensacola area and as a member of the Exchange NO SUR! and Exchange Deposit Here networks, we offer access to thousands more surcharge-free and deposit taking ATMs nationwide. To access a complete listing of ATM machines visit www.accelexchange.com..
The below Logos will help you to identify surcharge-free and deposit taking machines:
The below Logos are other ATM Networks that can be used:
Use Direct Deposit to receive your paycheck or federal benefits electronically.
Benefits include:
- Safety – eliminates the possibility of theft from your mailbox.
- Convenience – eliminates the need to come in to the office and stand in line to make your deposit.
- Privacy – no one else will know when you receive your deposit.
- Sensible – saves you time and could mean more interest paid to your deposit when posted to an interest bearing account.
Regular Share Draft Account (Checking)
- No monthly service fee
- No per check charge
- No minimum balance required
- Unlimited check writing
- VISA Debit Card
- Free MTS (Magical Telephone System)
- Free E-Branch Banking access
- Free Bill Payer
- Overdraft Privilege
- Overdraft Protection
Pioneer Club Account
The Pioneer Club Account is a special dividend-bearing checking account. Dividends are paid monthly to the account and members must maintain a $1,000.00 minimum balance. When you open your new Pioneer Club Account your first order of checks is free. Pioneer Club members enjoy a .25 basis points increase on our select Term Share Certificates and a .25 APR (Annual Percentage Rate) discount on select loans.
Future Leader Checking
Are you 16 or 17 years old and need a checking account? Central offers a Future Leader Checking account that includes a Visa Debit card. This account allows overdraft protection from savings, free E-Branch Banking, free MTS (Magical Telephone System), and free Bill Payer.
Grand Central Club
Exclusively for members age 55+.
Benefits include:
- Free checks
- Free money orders
- No monthly service fee
- No minimum balance required
- Unlimited check writing
- Visa Debit Card
- Free MTS (Magical Telephone System)
- Free E-Branch Banking access
- Free Bill Payer
- Overdraft Privilege
- Overdraft Protection
Fresh Start Checking
Rebuilding an account relationship after getting off track can be difficult. The Fresh Start Checking account does just that. It allows individuals with prior unsatisfactory account handling a means of getting back on track and starting over.
Business Account
Central is prepared to meet your small business needs. Business account members must maintain an active, personal Regular Share Account with Central.
Benefits include:
- Unlimited check writing
- Acceptance of TT & L deposits
- Visa Debit Card
- Free MTS (Magical Telephone System)
- Free E-Branch Banking access
- Overdraft protection
- Low monthly fee of $5.00
- Merchant services available
- On-site credit union services for employees.
Why should your company join a credit union?
Becoming a Select Employee Group of Central Credit Union will give your company a unique and powerful recruiting tool to add to your benefits package. Credit unions are not-for-profit institutions that are run by a volunteer board comprised of credit union members. We are here to serve our members’ needs at a fair price in order to return profits to them in the form of lower fees, better rates, and more services.
Help your employees save time and money through:
- Payroll Deduction or Direct Deposit
- No Fee Checking Accounts
- Christmas Club Accounts
- Low cost loans
- Payment Protection Insurance for Loans
- No Annual Fee Visa Credit Cards
- Free E-Branch Banking (Internet Access to Account)
- Free Bill Payer Service
- Investment Accounts
- Many other services, accounts, and loans
Reward your employees for their loyalty and hard work. Contact the Marketing Department now to sign your company up as one of Central’s Select Employee Groups. We will visit your place of employment and talk to your employees in a group setting or one on one to present the benefits of credit union membership.
Do you need to restock your supply of brochures or membership applications? Would you like a credit union representative to visit you? Contact our Marketing Department and let us know.
It’s Fast, Safe, Convenient and Accepted at Millions of Visa Debit Locations Worldwide.
Cardholders can get through the checkout line quicker with their Visa Debit Card. You do not have to worry anymore about carrying cash or writing a check at the checkout counter. You can get in, get out and get on with your life.
Visa Debit Card Advantages
The Central Visa Debit card may look like a credit card, but acts like a check because the purchase amount is deducted from the cardholder’s checking account.
Cardholders can make purchases at millions of Visa debit locations worldwide. Because Visa Debit Card purchases are automatically deducted from your checking account, there is no interest to pay.
The Visa Debit Card can be used at locations such as supermarkets, retail stores, restaurants, gas stations and internet sites.
The Visa Debit Card is quicker than going to the ATM, more convenient than writing checks and safer than carrying cash.
The Visa Debit Card offers cardholders zero liability in cases of card fraud, theft or unauthorized card purchases when used in signature-based transactions.
Use your Debit Card to access cash in ATM machines that use these networks: Exchange No Sur., Exchange Deposit Here, Accel/Exchange, Plus, Cirrus, Visa, MasterCard. Use your card everywhere that Visa Debit Cards are accepted.
Simplify your record keeping. Cardholders don’t need to get check copies. Your monthly Central Credit Union statement provides you with a detailed record of all of your transactions.
For security when making purchases online, sign up for Verified by Visa today!
Visa Gift Cards
When it comes to figuring out the perfect gift, Visa Gift Cards are excellent.
Visa Gift Cards are incredible time savers, no shopping, packaging or mailing. Eliminate the hassles of wondering what to buy or returning unwanted gifts. Visa Gift Cards can be used anywhere Visa Debit Cards are accepted. Stop by any branch today and purchase your Visa Gift Card.
Safe Deposit Boxes
Central now offers Safe Deposit Boxes at our Downtown Branch. Using a safe deposit box is a sure way to safeguard your valuables and important documents. Contact a member service representative at 474-0970 ext. 3211 or 3212 for more details.
| Safe Deposit Box Sizes | Cost Per Year |
|---|---|
| 3 × 5 | $20.00 |
| 3 × 10 | $30.00 |
| 5 × 10 | $40.00 |
| 10 × 10 | $75.00 |
(Rental fees due in May of each year. Prorated fees will apply to new rentals.)
In addition to many account and loan services available at Central, we offer the following additional services:
U.S. Savings Bonds
Savings Bonds can be purchased or cashed at any Central branch location.
Series EE Bonds
Save enough today to reach your goals tomorrow. Series EE bonds are a simple and effective way to save for a child’s education, a down payment
on a home, or even retirement. Enroll in the bond-a-month program to purchase your bonds conveniently and on a regular basis.
Series I Bonds
Protect your savings and enjoy peace of mind knowing your investments will guarantee returns above the rate of inflation for up to 30 years.
For more information on U.S. Savings bonds log on to www.savingsbond.gov
Wire Transfers
Do you need to send funds in a hurry? Wire transfer may be the solution. Wire transfers are available at all locations, contact a member services representative for more details: 850-474-0970 option 4.
Western Union Transfers
Need to send funds to a family member when a financial institution is not available? Western Union may be the solution. Western Union transfers can be sent anywhere in the U.S. contact a member services representative for more details: 850-474-0970 option 4 (Central is not a pick up point).
Notary Service
If you are a Central member and need something notarized feel free to stop by any one of our branch locations. We notarize free of charge for our members.
Postage Stamps
We sell postage stamps at all of our branch locations.
Coinstar
There is no need to roll loose change anymore before you make your deposit. If you are a Central member, bring in your loose coin and let Coinstar count it for you. Encourage your children to save by bringing in those piggy banks and let Coinstar do the counting. It’s fast, easy, and convenient.
| Checking Accounts | Regular Checking | Pioneer Checking | Fresh Start Checking | Future Leader Checking | Grand Central Checking | Business Checking |
|---|---|---|---|---|---|---|
| Minimum Deposit to Open | None | $1,000 | $25 | None | None | None |
| Minimum Balance to Earn Dividends | N/A | $1,000 | N/A | N/A | N/A | N/A |
| Monthly Service Fee | None | None | $10 monthly service fee | None | None | $5 monthly service fee |
| Overdraft Protection | Yes | Yes | Yes | Yes | Yes | Yes |
| MTS and E-Branch Access | FREE | FREE | FREE | FREE | FREE | FREE |
| Bill Payer Access | Available | Available | Available | Available | Available | Available |
| Direct Deposit Availability | Yes | Yes | Yes | Yes | Yes | Yes |
| ATM Card Availability | Yes | Yes | Only after receipt of Direct Deposit | Yes | Yes | Yes |
| Visa Debit Card Availability | Yes | Yes | No | Yes | Yes | Yes |
| Overdraft Privilege | Yes, after 90 days and approval | No | No | No | Yes, after 90 days and approval | Yes, after 90 days and approval |
Future Leader Checking (Parent, Grandparent, or Guardian must be joint on Future Leader Checking Account.)
Your savings in Central Credit Union are insured up to $500,000. This exceptional level of coverage is attained through a combination of federal insurance provided by the National Credit Union Administration (NCUA) up to $250,000 and private insurance by the Excess Share Insurance (ESI) Corporation up to $250,000. In addition, your IRA funds are insured separately for a total of $500,000 ($250,000 by NCUA and $250,000 by ESI). Additional information regarding your deposit insurance can be obtained by contacting Member Services.
Enjoy banking from the convenience of your own home with Central’s
E-Branch Banking. With no monthly fee, this service will allow you to check your account balances and account history as well as transfer funds and make loan payments.
E-Statements
Benefits of Central’s E-Statements include:
Convenient – Beginning January 2008 E-Statements are archived for up to 4 years! You can access your E-Statement anywhere and at anytime. No more filing papers and storing records, we do it for you!
Quicker – E-Statements are available online sooner than paper statements you receive in the mail.
Protected – Access your E-Statements using a secure log in. You do not have to worry with the possibility of your statements getting lost in the mail or getting into the wrong hands.
Free – E-Statements is a service Central Credit Union provides members without any charge.
E-Statements are an electronic version of your statement. With Central’s E-Statements you have access to your account and account history 24/7. You can view, search, save, and print copies of your statement anytime, day or night. Enrolling is fast and easy. You must be enrolled in Central’s E-Branch Banking service to access E-Statements online. Log onto Central’s E-Branch Banking. Select the E-Statement option under the History Menu and accept the E-Statement Consent Agreement prompted to you, that’s it!
Make bill paying easier by eliminating stamps and envelopes with our FREE Bill Payer Service. You may pay an unlimited number of bills from your PC 24/7 with no fees or service charges. This service is free to members that have a Central Checking Account. Log onto E-Branch banking and click on Bill Payment, or contact member services to set up Bill Payer today!
As an added security feature you will be asked to establish a new Security Key (letters, numbers, words, etc.). Security Keys are completely confidential. Upon logging on, a transparent box that fades quickly in and out acknowledges your identity and provides the time and date of your last session. If you are not presented with a security key upon login, then you have been phished to a bogus site. Should this happen, exit immediately and contact the credit union’s Bill Payer department or the proper authorities.
New Features
Bill Pay-e Plus is a step above your current Classic BillPay, with additional features you have been requesting!
GiftPay-e Checks
“One Stop Shopping” for the person who has everything. Send a gift check by the click of your mouse.
Sign up today for Bill Payer through E-Branch banking.
When you can’t get to a computer to use E-Branch Banking, use MTS to check your balance, reconcile your checkbook, transfer funds, request check withdrawals, access your flexible loan and make payments on your Central loans 24 hours a day, seven days a week, free of charge.
MTS (Magical Telephone System) not as user friendly as you expected? You may find the Expert Mode is easier to access your account. Call us today if you need help in setting up your MTS to the Expert Mode option.
- Pensacola (850) 479-4295
- Toll Free (800) 375-2235
Changes to IRAs give you great savings opportunities!
Traditional IRA
The Traditional IRA allows you to accumulate earnings, tax deferred, until you withdraw from the account. Your contributions could be tax deductible if you meet certain eligibility requirements. You must begin withdrawing from your Traditional IRA when you reach age 70 ½.
For tax year 2009 and 2010, you can contribute up to $5,000 ($6,000 if age 50 or older) subject to certain income limitations.
Roth IRA
The Roth IRA features tax-free withdrawals if certain requirements are met. Roth contributions are not tax deductible. The Roth IRA offers more flexible withdrawal requirements and you aren’t required to begin withdrawing from the Roth at any certain age.
The Coverdell Savings Account
The Coverdell Savings Account allows contributions of up to $2,000 for each child under the age of 18. The contributions aren’t tax deductible; however, the earnings accumulate tax deferred until withdrawn for the payment of the child’s elementary, secondary or higher education expenses.
Consult your tax advisor to determine which IRA is right for you, then contact Member Services for help in establishing your IRA with Central Credit Union.
Central IRA Accounts
IRA Savings Accumulator Account
Start saving for your retirement by opening an IRA Savings Accumulator Account. The minimum deposit is $40.00. You may make deposits at any time and even direct deposit funds through payroll deduction into the account. Dividends are compounded monthly and paid monthly.
IRA Term Share Certificate of Deposit
If you are looking for a secure IRA investment that pays a higher competitive rate, then an IRA Term Share Certificate of Deposit may be what you are looking for. The minimum balance for the IRA Term Share Certificate is $250.00. Dividends are compounded and credited monthly. Early withdrawals are subject to penalties.
Call Member Services today and find out how you can start a new IRA account. We also accept direct rollovers and direct transfers to your Central IRA account!
At home or on the road…. we have joined CU Service Centers, a shared branching network of credit unions. That means you can now conduct most of your Central Credit Union transactions at more than 3,800 locations across the nation, just as if you were at your own credit union branch.
Whether you are traveling out of town or relocating to another state, chances are there will be a Shared Service Center near you. Log on to www.creditunion.net for offices throughout the country.
GPS downloads are now available! You can connect your navigational device to your computer and transfer a list of Shared Branching Locations across the nation to your personal GPS. You can also download a printable list of the Shared Branching Locations to your computer. Experience the convenience and take advantage of the Credit Union Service Locations near you.
Click Here for Additional Shared Branching Location Downloads
To find a Shared Branching Location by phone: 1-800-919-2872
Look for this logo to find a Shared Service Center near you.
You must be a signer on the account to request a change of address or phone number change. Please print, complete, and sign form. Drop off at any Central Credit Union branch location or mail to:
Central Credit Union of Florida
P.O. Box 17048
Pensacola, FL 32522
Call Us: (850) 474-0970 or 1 (800) 375-2235
6200 North W Street
Pensacola, FL 32505
4964 Bayou Blvd.
Pensacola, FL 32503
9470 Fox Run Road
Pensacola, FL 32514
308 North Spring Street
Pensacola, FL 32501
637 Highway 231,
Mariner Plaza
Panama City, FL 32405
Copyright © 2002 - 2010 Central Credit Union of Florida. All Rights Reserved.
