Following are some of the benefits and financial products available to members from Atlantic City Electric Co. Employees Federal Credit Union-EFCU: How Membership with Atlantic City Electric Co. EFCU can improve your financial life:
### **1. Specialized Financial Products**
#### **Checking Accounts**
– **Free Checking**: No monthly maintenance fees, offers online banking, mobile check deposit capabilities, and ATM Access.
Interest-Bearing Checking: Interest-earning accounts, with tiered rates based on the balance in the account. Savings Accounts • Basic Savings Accounts: Regular savings accounts with more competitive interest rates that grow with your savings • High-Yield Savings Accounts: Higher interest rates available for growing your savings • Money Market Accounts: Higher interest rates; to realize the higher liquidity, some limited check-writing rights can be unlocked. Certificate of Deposit
Fixed-Term CDs: Provide higher interest rates in fixed terms. You can choose the period to lock money according to your requirement.
### **2. Loans and Credit**
#### **Personal Loans**
Unsecured Personal Loans: Availed for debt consolidation, home improvement, personal needs, and others; with competitive interest rates, flexible terms.
Secured Loans: These loans are availed against collateral that is usually in the form of savings or certificates; mostly have low interest rates.
#### **Auto Loans**
– **New and Used Auto Loans**: Loan at competitive rates for new or used vehicles at varying terms of repayment.
#### **Home Loans and Mortgages**
– **Fixed-Rate Mortgages**: Traditional mortgages where the rate of interest is fixed over the entire duration of the loan.
– **Adjustable-Rate Mortgages**: Mortgages wherein the rate of interest is periodically changed based on market fluctuation.
Lines of Credit/HELOCs Draw on equity in your home to access cash when large expenses arise or finance renovations. #### Credit Cards Rewards and Low-Interest Cards We will be making credit cards available to offer cashback, rewards points, or low interest rates, whichever fits your needs in spending. ### 3. Digital and Mobile Banking Online Banking
– **Account Management**: Pay your bills, transfer funds, and get snippets of your account balances from a safe online portal where you access and manage your accounts.
#### **Mobile Banking
– **Mobile App**: Capabilities to allow you to conduct banking on-the-go, including but not limited to mobile check deposit, account transfers, bill pay.
– **Mobile Deposit**: To deposit checks from a smartphone or tablet from any location.
4. Financial Planning and Advisory Services
#### Investment Services
Financial Planning: You have access to personal consultants that will help you build an investment portfolio, plan your retirement, and give a course of action.
Retirement Accounts: IRAs, retirement planning available.
5. Insurance and Protection
#### Insurance Products
• Auto, Home, and Life Insurance: Access to various insurance products through trusted provider partners secures your assets and loved ones.
• Identity Theft Protection: Services for protection against identity fraud/theft.
### 6. Community Involvement and Support
#### Local Engagement
• Community Events: Events in the community and charity involvement to support causes and organizations within the community.
– **Employee Support**: Activities that support the employees and their families.
### 7. Customer Support and Personalized Service
#### Dedicated Support
– **Personalized Support**: Get support from knowledgeable staff who can help analyze your needs, advise you accordingly, and offer solutions in that direction.
– **Customer Service 24/7**: The customer support team shall assist you through the phone, e-mail, and web chat services.
### 8. Safety and Security
#### High-End Security
– Vigorous Security: Fraud preventives with advanced fraud protocols and protection of personal and financial information from unauthorized access
– Sound Institution: The fact that this is a well-established credit union known for its reliability and dedication to member satisfaction.
### 9. Membership Benefits
#### Special Offers
Member Discounts: Programs and benefits exclusive to credit union members, including special loan rates and special rates on other financial products.
Financial Wellness Programs: Programs and resources that empower members to stay ahead in personal finance for their goals.
Your good-standing membership at the Atlantic City Electric Co. EFCU earns you preferred access to a number of financially related products and services designed with your needs in mind. As a matter of fact, competitive rates, personal service, and the base of activities that encompass the community enable Atlantic City Electric Co. EFCU to offer valued material with which to manage effectively one’s money for the purpose of improving his or her general financial healthiness.