Be sure
to check the current rates on our interest-bearing accounts. All deposits at Mazuma
are insured up to $350,000 - the highest level
of combined federal/private share savings insurance
available. This coverage is available through the addition
of excess coverage from Excess
Share Insurance Corporation (ESI). ESI now provides
$250,000 on top of the $100,000 provided by the National
Credit Union Administration.
Regular Share Savings
Account  
- Initial minimum deposit
is $25.
- Account is your "ownership" in Mazuma Credit Union.
- Balances above $100
earn dividends on a day-in, day-out basis, paid at
month-end.
- Withdrawals are limited
to six/quarter, at no charge.
- Accounts with balances
below $100 may be charged $5/mo.*
* The low balance fee
is not charged on accounts for Members under 18 or over
65, the first 90 days an account is open, when the Member
has balances totaling at least $100 in their accounts,
when the Member has a loan balance or available credit limit on a Mazuma
Visa or other line of credit.
Special Share Savings
Account
- Account can be used
to save for any purpose - you can even choose a special
title to remind you what you're saving for, e.g.,
"Hawaii trip."
- No minimum deposit.
- Balances above $100
earn dividends on a day-in, day-out basis, paid at
month-end.
- Withdrawals are limited
to six/quarter at no charge.
Holiday Share Savings
Account
- Save for the holidays
all through the year.
- No minimum deposit.
- Deposits can be made
by check or payroll deduction.
- Balances above $100
earn dividends on a day-in, day-out basis, paid at
month-end.
- Withdrawals are limited
to six/quarter, at no charge.
Registry Savings Accounts
Matrimoney® Account
- A registry account for engaged couples. Use it in addition to other wedding registries as a respectful way to ask for monetary gifts.
- FREE Wedding Announcements and Thank-You Cards.
- No minimum deposit.
- Balances above $100 earn dividends on a day-in, day-out basis, paid at month-end.
- Withdrawals are limited to six/quarter at no charge.
New Arrival Account
- A registry account for expecting moms and dads. A great idea for baby showers to have extra cash to help pay for all those baby necessities.
- FREE Birth Announcements and Thank-You Cards.
- No minimum deposit.
- Balances above $100 earn dividends on a day-in, day-out basis, paid at month-end.
- Withdrawals are limited to six/quarter at no charge.
Gradaccount
- A registry account for graduating seniors (high school and college). Use it in addition to a graduation celebration to help the graduate get set for the future.
- FREE Graduation Announcements and Thank-You Cards.
- No minimum deposit.
- Balances above $100 earn dividends on a day-in, day-out basis, paid at month-end.
- Withdrawals are limited to six/quarter at no charge.
*In
compliance with federal regulations, Mazuma Credit
Union must limit the number of withdrawals that are not performed at the teller counter to six
per month. Also, no more than three of these
withdrawals may be by check. EXAMPLE:
You could write two checks per month and use the
remainder
of your transfers through SMARTLINE, Online Teller
or overdraft protection. IMPORTANT: Any additional
check withdrawals (over the three per month) will
be
returned "Refer to Maker" and your account will be
charged a $22.00 fee. Online Teller and SMARTLINE withdrawals
and transfers, and overdrafts in excess of the six
per
month (including the three checks) will not be processed.
Hint: You can combine any savings
or checking account with an ATM or Convenience Card and SMARTLINE.
Money Market Account
Mazuma Credit Union offers
the Money Maximizer Account. It is a smart option for anyone who wants to earn
a higher interest rate and have ready access to funds. With this tiered account, you automatically move from tier to tier depending on your balance. There are no fees if you drop below a certain balance, and we'll move your money to a tier that earns a higher rate if your balance goes up. It's all handled for you.
You also receive convenient access to your account through SMARTLINE, Online
Teller or money market checks.*
If you wish
to order money market checks, please send your account
number, phone number and how many checks you would like
(12, 24 or 36 checks), date it, and mail, fax or e-mail
it to Mazuma Credit Union.
- FAX: Attn:
Receptionist, Fax # 816-361-0922
- MAIL: Attn:
Receptionist, Mazuma Credit Union, 9300 Troost Ave.,
Kansas City, MO 64131-3000
- E-MAIL
Money Maximizer Account minimum
initial deposit $1,000
- No fees.
- Variable interest
paid monthly — Current
Rate
- All balances above $1000 earn interest, paid at month-end.
- Withdrawals and transfers are limited to six per month, three of which may be by check.
*In
compliance with federal regulations, Mazuma Credit
Union must limit the number of withdrawals that are not performed at the teller counter to six
per month. Also, no more than three of these
withdrawals may be by check. EXAMPLE:
You could write two checks per month and use the
remainder
of your transfers through SMARTLINE, Online Teller
or overdraft protection. IMPORTANT: Any additional
check withdrawals (over the three per month) will
be
returned "Refer to Maker" and your account will be
charged a $24.00 fee. Online Teller and SMARTLINE withdrawals
and transfers, and overdrafts in excess of the six
per
month (including the three checks) will not be processed.
Hint: You can combine any savings
or checking account with an ATM or Convenience Card and SMARTLINE.
Checking Accounts
- Unlimited check writing.
- No per-check fees.
- Detailed account statements.
- Convenient records
provided by check carbon copies.
- Free check
images for the past 90 days are available
within Online
Teller 's checking account history.
Classic Checking
- FREE - no monthly service charges.
- No minimum balance
required.
- Balances do not earn
interest.
Signature Checking
- All balances earn interest on a day-in, day-out basis, paid at month-end.
- Average daily balances
over $1,000 eliminates a $5 monthly service charge.
Premier Checking
- All balances earn interest on a day-in, day-out basis, paid at month-end.
- Average daily balances
over $5,000 eliminates a $10 monthly service charge.
PLUS - Premier Checking Members receive...
- Free exclusive checks ($13.29/box value)
- Free bill payment service through Online Teller ($5.95
value)
- Free stop pays ($15/item value)
- Free check copies (limit 5/visit — $10 value per
visit)
- Free photocopies (limit 5/visit — $5 value per visit)
Hint: Online
Teller is the perfect partner for our Classic,
Signature and Premier Checking accounts. Online Teller
is FREE with unlimited access to your accounts.
View and print account transactions, transfer funds
between accounts, obtain check withdrawals and so much
more.
Also, save money and time
with the Online
Teller Bill Payment option with the highest
security on the Internet today. No more
time spent licking stamps, addressing envelopes and
writing checks. Bill Payment allows you to pay anyone
or any company, schedule payments in advance of their
due dates, set up recurring bills and know they’ll
be paid automatically and easily print reports. And,
best of all, Bill Payment is FREE. Also, check
out our FREE e-statements. You can save yourself time
and money in so many ways as a Member of Mazuma. Mazuma
membership doesn't cost...it pays!
Certificates of
Deposit
- Interest compounds
monthly.
Classic CD
- Minimum initial deposit
is $500.
- Higher interest
rate than savings.
- Terms of 3 or 6 months,
and 1, 2, 3, 4 or 5 years, allowing you to choose
the CD maturity that coincides with your goals.
- Interest rate guaranteed
for term of CD.
Signature CD
- Minimum initial deposit
is $10,000.
- Higher interest
rate than our Classic CD.
- Terms of 1, 2, 3,
4 or 5 years, allowing you to choose the CD maturity
that coincides with your goals.
- Interest rate guaranteed
for term of CD.
- Qualifies you for
Mazuma's Performance
Savers Package.
Premier CD
- Minimum initial deposit
is $25,000.
- Highest CD interest
rate available.
- Terms of 1, 2, 3,
4 or 5 years, allowing you to choose the CD maturity
that coincides with your goals.
- Interest rate guaranteed
for term of CD.
- Qualifies you for
Mazuma's Performance
Savers Package.
Deposit CD
- Minimum deposit is
$5,000
- Terms of 2 or 3 years,
allowing you to select the CD maturity and interest
rate that coincides with your goals.
- Two additional deposits
are accepted during certificate term. Each may be
up to 50% of current balance.
Keep your options open with
Mazuma’s Deposit CD. You have two opportunities to
deposit more money during the certificate term. If CD
rates go down, you can deposit more money into your CD
and earn your existing, higher rate.
Jump-Up CD
- Minimum deposit is
$5,000.
- Terms of 2 or 3 years,
allowing you to choose the CD maturity and interest
rate that coincides with your goals.
- Two opportunities
to "Jump-Up" to a higher interest rate during the
certificate term.
Give yourself a raise with
our Jump-Up CD. It allows you two opportunities to “jump-up”
to a higher interest rate during the CD term if interest
rates go up. Maximum increase in rate is 1.00% per jump
(or to current rate).
Wealth Builder
CD
- Rate equal to 6-month
Classic CD.
- Minimum initial deposit
as low as $100.
- Great
Interest Rate.
- Term of 1 year ONLY.
- Requires regular
monthly deposits of at least $25 to avoid a $25
fee at the end of the contract.
The Wealth Builder CD is
a systematic savings plan that can put you on the road
to building your wealth today. You can make a contract
with yourself and Mazuma to deposit at least $25
a month into your Wealth Builder CD. And when you reach
$500 or more, you can transfer the balance to open our Classic
CD without penalty.* It's the
easy way to save and turn dreams into reality.
*Note: The minimum contract
must have been met and the money withdrawn put into a
Classic CD with Mazuma.
Young Investor's
CD
- Open to investors
ages 17 and under.
- Initial minimum deposit
is $100; maximum balance is $5,000.
- Available as a three-year
term ONLY.
- Great
Interest Rate.
- Unlimited deposits
of $25 or more at any time.
Membership for those age 17
and younger requires a $5 minimum deposit into a share
account.
Individual Retirement
Accounts Complete an
Application
- Interest compounds
monthly.
IRA
Share Account Complete
an Application
- Turn a regular share
savings account into an IRA tax-deferred share account.
- No minimum or maximum
deposits.
- No term limits.
- Great
Interest Rate.
- Contributions may
be tax deductible.
- Withdrawals limited
by IRS regulations.
Retirement
Access IRA CD Complete
an Application
- For Members who want
the higher interest rate of an IRA certificate without
an early withdrawal penalty.
- Minimum balance $500.
- Minimum withdrawal
$500.
- Term 1 year ONLY.
- Great
Interest Rate. The Retirement Access IRA CD
is only associated with Classic CD rate (one-year
term).
- For Members ages
59 1/2 and over.
- Withdrawals limited
by IRS regulations.
- Traditional IRA only.
Note: Member may
transfer from any other IRA CDs one time into this CD
without penalty if original CD was opened prior to 1/01/01.
Classic IRA
(Certificate
of Deposit) Complete
an Application
- Choose from a Traditional,
Roth or Education IRA.
- Minimum deposit is
$500.
- Terms of 3 or 6 months,
and 1, 2, 3, 4 or 5 years.
- Interest
rate varies by term.
- Contributions on
a Traditional IRA may be tax deductible.
- Withdrawals limited
by IRS regulations.
Signature IRA
(Certificate
of Deposit) Complete
an Application
- Choose from a Traditional,
Roth or Education IRA.
- Minimum deposit is
$10,000.
- Terms of 1, 2, 3,
4 or 5 years.
- Higher interest
rate.
- Contributions on
a Traditional IRA may be tax deductible.
- Withdrawals limited
by IRS regulations.
Premier IRA
(Certificate
of Deposit) Complete an
Application
- Choose from a Traditional,
Roth or Education IRA.
- Minimum deposit is
$25,000.
- Terms of 1, 2, 3,
4 or 5 years.
- Highest interest
rate.
- Contributions on
a Traditional IRA may be tax deductible.
- Withdrawals limited
by IRS regulations.
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