Mountain River CU’s Free Checking is the account that charges no monthly service fee and requires no minimum balance. Although it’s much more difficult to find Free Checking after the financial crisis, MRCU does provide this product plus a range of benefits, only with an initial opening deposit of $25. The benefits include Free Online Banking, Free E-Statements, VISA debit card, Zero businesses fee, Federal Insurance of NCUA, No check writing limits, Overdraft protection, and Courtesy Pay program which is ran recently.
Interest checking accounts, working like a combination of checking accounts and savings accounts, are able to help you earn dividends on the balance. It’s different from Free Checking because this kind of account requires $500 minimum opening balance, and will charge you for service fees once your minimum balance falls. Also, it allows you to make ACH transfers and get generous interests. Other features are exactly the same!
Mountain River Credit Union, which was established in 1970, has an asset of $10 million and members of over 1,040 today.
205 E 3rd. Street, Salida, CO 81201, 719-539-2968
516 Harrison Ave., Leadville, CO 80461, 719-486-1837
2437 Main Street, Alamosa, CO 81101, 719-589-2544