Remington Federal Credit Union
39 Central Plaza
Ilion NY, 13357
Local Phone 315-894-9924
Fax 315-894-9926
SERVICES
Credit Union Profile
ELECTRONIC HOME BANKING
SHARE ACCOUNTS (SAVINGS)
SHARE DRAFT ACCOUNTS (CHECKING)
CHRISTMAS CLUB ACCOUNTS
VACATION CLUB ACCOUNTS
PAYROLL DEDUCTION
CERTIFICATES OF DEPOSIT
24-HR VOICE RESPONSE UNIT
FEDERAL INSURANCE UP TO $100,000.00 (BY THE NCUA)
TRAVELERS CHEQUES
MONEY ORDERS
NOTARY SERVICE (FREE)
DEPOSIT SLOT IN ILION AND LITTLE FALLS OFFICE.
FAMILY MEMBERS MAY JOIN
DIRECT DEPOSIT
MONEY MARKET SAVINGS
VISA DEBIT CARD
SHARENET ACCESS
CO-OP NETWORK ATM ACCESS
VISA GIFT CARDS
SAVINGS BONDS
AUTOMOBILE LOANS
PERSONAL LOANS
HOME EQUITY LINE OF CREDIT
LOANS
Remington Federal Credit Union has many types of loans to meet our members’ needs.
Applying for a loan is easy you can print the loan application using adobe acrobat, click here. Once you have filled it out you can send it to the credit union by fax or mail. On receipt we will immediately process your application.
Remington Federal Credit Union
PO Box 388
Ilion, NY 13357
315-894-9926 fax machine
New and Used Auto Loans
We offer financing for new and used automobiles at very competitive rates. We offer financing up to 72 months based on the year of the vehicle. The rates are based on the year of the vehicle, the term of the loan, and your credit score.
Personal Loans
We offer personal loans to our members in amounts up to $10,000 with a maximum term of 60 months based on the amount of the loan. These loans are based on the member’s credit and the loans are unsecured. The rate on these loans is determined by the term and the credit score of the member.
Boats and Motor Homes
We offer financing for boats and motor homes at competitive rates. We offer financing up to 120 months based on the year of the vehicle. The rates are based on the year of the vehicle, the term of the loan, and your credit score.
Miscellaneous Secured
We offer financing for snowmobiles, motorcycles, lawn tractors, and other items on a secured basis. We offer financing up to 60 months based on the amount of the loan. The rates are based on the year of the vehicle, the term of the loan, and your credit score.
Share Secured
A member can pledged a share account to receive a lower rate on the loan. The credit union will place a hold on the share account in the amount of the loan. This is a great way to get a better rate on a loan and not touch your savings.
Certificate Secured
A member can pledged a certificate to receive a lower rate on the loan. The credit union will place a hold on the certificate in the amount of the loan. The term of the certificate must be the same as the term of the loan. The rate will be 1.25% over the certificate rate.
Home Equity Line of Credit
Members can use the equity in their home to obtain a line of credit with the Remington FCU. We will finance up to 80% of the equity in the member’s home. We offer both fixed and variable rate loans. The variable rate loan is priced at prime minus .50%. The fixed rate loan is based on prime and priced based on the term of the note.
Credit Cards
We offer a full line of MasterCard products to meet the needs of our members. Please stop in to see what Remington FCU has to offer to replace your high rate credit card accounts.
SAVINGS
Share Accounts
Share accounts are a traditional savings account. Remington FCU pays a competitive rate on this account. This account allows you quick access to your cash. You can make as many deposits, withdrawals and transfers form the account as you like. Interest is paid monthly and is paid on all accounts with balances over $100.00. Deposits can be made to this account in person, via mail, or via payroll deduction. You can withdraw from this account and have a check sent to your home through our home banking system.
Share Draft (Checking) Accounts
Our share draft account is a basic free checking account. There are no monthly fees for the account. You do not need to maintain a minimum balance to avoid charges. The credit union accepts direct deposits to the share draft account. You can access the funds in this account by using checks, Visa debit card, or coming into the office. Remington FCU has recently started a fee on-line bill payment program for the share draft account.
Club Accounts
Club accounts are the same as savings accounts. These accounts are designed to separate the funds form your savings if you are saving for a vacation, Christmas, taxes, or any other reason. We pay a competitive rate on these accounts on any balance over $100.00.
Money Market Accounts
Money Market accounts are similar to the savings account except your access to funds is limited. You can not make more than three electronic transfers in a month. We pay a higher rate of interest on these accounts. If you have money that you do not need to have frequent access, a money market will provide greater interest with no additional risk.
IRA (Individual Retirement Account)
IRA accounts help you save for retirement on a tax deferred basis. If you qualify you can put aside money each year and deduct the deposit form your taxes. This allows you to save for your retirement and reduces your taxes now. You will need to pay taxes on the deferred amount plus interest when you withdraw the money from the account. If you withdraw from this account early you will be subject to IRs penalties.
Certificates of Deposit
A certificate of deposit pays the most interest of any of our deposit accounts but if you need to access the funds early you will be responsible for a fee of 180 days worth of interest. However, if you know you will not need access to the funds during the period of time the certificate runs you can earn a higher rate of interest.
NCUASIF (National Credit Union Share Insurance Fund)
The NCUASIF is an independent agency of the Us Government and guarantees your deposit up to $250,000. This promise is backed full the full faith and credit of the United States Government, Current Rates
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