More Services
Travelers Checks
Guaranteed (cash) check needing a duplicate of original purchaser's signature for cashing. Can be for one or two people. Advantage over cash is that they can be replaced if lost or stolen. Member only needs to call an 800 number to report problem and receive instructions for replacement. Fee charged according to schedule.
Note: Member must purchase these with available funds in their account or cash. We do not accept personal checks written on other institutions for these products.
Wire Transfers
A service that allows a member to transfer funds from their account at Prime Financial to another financial institution. A form must be completed and signed by the member. A fee is charged for this service.
Payroll Deduction
A service where a portion of a member's paycheck is deducted from their net pay and forwarded to Prime Financial for allocation. This service has been prearranged with employers in the area. The funds can be distributed (split) as the member wishes as deposits to savings and/or payments on loans. A member can have both payroll deduction and direct deposit of their paycheck.
Money Orders
A form of check which is supported by cash. can be purchased fully completed or blank. Members cannot stop payment on items purchased in blank. Fee charged according to schedule.
Note: Member must purchase these with available funds in their account or cash. We do not accept personal checks written on other institutions for these products.
Cashiers Checks
Check issued on a Credit Union account so as to guarantee the money to the payee. Fee charged according to the schedule.
Note: Member must purchase these with available funds in their account or cash. We do not accept personal checks written on other institutions for these products.
Postage Stamps
Books of First Class stamps are available for purchase. We are not a Post Office substation, so this is only a convenience to the members.
Note: Member must purchase these with available funds in their account or cash. We do not accept personal checks written on other institutions for these products.
MRC (Mechanical Repair Coverage)
As your car ages and racks up the miles, it could also rack up some big repair bills. For just a few dollars a month, Mechanical Repair Coverage can save you hundreds or even thousands of dollars. MRC helps pay for covered repairs on your car when unexpected breakdown occurs. You also have the flexibility to choose the coverage and terms (months and miles) that match your vehicle and your driving habits. Coverage is available for any eligible vehicle up to ten years old with 100,000 miles or less. Coverage can be purchased when you buy your vehicle, when you take out a loan at PFCU to purchase your vehicle, or if you refinance your loan from another financial institution with PFCU. Contact a PFCU loan officer for additional details and benefits of MRC.
Payment Protection (A&H insurance)
This is an insurance product sold with loans.Disability coverage makes the monthly payment on the loan when the member is disabled for 14 days or more. the amount paid is then 1/30 for each day the member is disabled. Example - a member is disabled for 45 days - the payment on the loan would be for 1.5 months. This insurance is offered for Single Coverage only.
Life coverage pays off the loan if the member dies. This insurance is offered for both Single and Joint.
There are age, payment, and term limitations with these products.
AD&D Insurance
Accidental Death & Dismemberment Insurance is a product we offer to all our members. The member can sign up for only the $2000 we offer at no cost to them, or for additional coverage. The premium is very reasonable, as it is a group rate. The premium is taken out of their savings account on a quarterly basis. This is a term insurance that does not cover a death by natural causes.
GAP Waiver
GAP is low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your vehicle loan balance. Most cars depreciate as soon as they are purchased. Unfortunately, if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared as a total loss, you are still liable to pay the difference, or the “gap” between your insurer’s settlement and your loan balance. That gap will come out of your pocket. You can sign up for GAP when you apply for your vehicle loan. There’s no underwriting, no red tape, no, hassles. And for your convenience, the amount can be rolled into your monthly loan payment. Contact a PFCU loan officer for additional details and benefits of GAP.
ATM
PFCU has two automated teller machines. They are located near the office downtown, just off the elevators and near Eagan's.
© 2008 Prime Financial Credit Union