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McLennan County Employees Federal Credit Union offers a wide range of services including:

Share (Savings) Accounts

The minimum deposit to open a share account is $25.00. A $5.00 membership fee is also collected at the time of joining the Credit Union. A balance of at least $25.00 must be maintained in this account. Dividends are computed using the average daily balance method. The minimum balance of $25.00 must be maintained to earn a dividend.

Dividends are compounded quarterly and paid on the last business day of each quarter. Rates and annual percentage yields are set quarterly by the Board of Directors. More information is available in the Rate and Fee Schedule.

After opening the share account with at least $25.00 and paying the $5.00 membership fee, the member is eligible to use the other services of the Credit Union.

Share Certificates

Share Certificates are offered in terms of 6 months, 1 year, 2 years, 3 years, and 4 years. The minimum balance to open a share certificate is $1,000.00. Dividends are compounded quarterly and paid on the last business day of the calendar quarter. There is a penalty for early withdrawal of a certificate. Current rates and annual percentage yields will be furnished upon request. More information about share certificates is available in the Rate and Fee Schedule.

IRA Accounts

IRA accounts are offered in terms of 1 year. There is no administration fee charged on the IRA accounts. The IRA accounts cannot be pledged or assigned.

Share Draft (Checking) Accounts

A minimum balance of $25.00 is required to open a share draft (checking) account unless the member has direct deposit. Dividends are computed monthly using the average daily balance and are paid on the last business day of the month. An account will not receive a dividend if the average daily balance for the month is below $500.00. Customized checks are ordered through the Credit Union check supplier at cost. Checks are not returned in the member’s monthly statement; however, the member has a carbon copy.


Members are eligible to apply for a loan after they have been a member of the Credit Union for 60 days. Loan applications are available in the Credit Union office. Applications are processed daily. The major loan categories are new & used automobiles, new and used boats, share secured, and signature loans. The loan rates are very competitive and McLennan County employees may use payroll deduct to make payments. Information sheets containing rates and terms on the various loan categories are available at the Credit Union.


The Credit Union offers a MasterCard with no annual fee. The current interest rate on the MasterCard is 8.50%. There is a 25 day grace period within which the new balance may be paid without incurring a finance charge.

Fill out a Credit Card application online!

Other Services

American Express Travelers Checks are available in denominations of $20, $50, and $100. Travelers Checks for two are also available. The fee is $1.00 per $100.00 of travelers checks purchased with a maximum fee of $5.00.

Postage stamps are sold to members.

Fee Schedule

Membership Fee $5.00
Travelers Checks $1.00 per $100.00
(Maximum fee of $5.00)

Share Draft Fees

NSF Check Fee $15.00
Stop Payment Fee $15.00
Pre-Authorized Overdraft
Transfer From Shares $5.00
Account Research Fee Per Hour $15.00
Account Reconcilement Fee Per Hour $15.00
Statement History Printout Fee $1.00
Copy of Check $2.00


Copyright ® 2016 McLennan County Employees Federal Credit Union