The El Reno RIL (Rock Island) Credit Union was founded in 1934 by employees of the CRI&P Railroad in El Reno, Oklahoma. In addition to the various employees' groups added to our field of membership, the credit union is a community credit union serving individuals who reside, attend school, work or worship within Canadian County, Oklahoma.
You will find that membership with us entitles you to many free and lower cost benefits. Because you are a shareholder, we are able to return our earnings to you in the form of higher interest rates on savings and lower rates on loans. The Rock Island Credit Union provides many members services and continues to add innovative services each year.
You will find that membership with us entitles you to many free and lower cost benefits. Because you are a shareholder, we are able to return our earnings to you in the form of higher interest rates on savings and lower rates on loans. The Rock Island Credit Union provides many members services and continues to add innovative services each year.
Services
Our regular share (savings) account is the basic savings account you open to begin your membership in the credit union. The minimum balance required is $5.00. This $5.00 must remain in your account at all times in order to continue your membership. In order to earn interest, you must have a minimum savings balance of $100.00.
Our money market account is an alternative to a regular savings or share draft account. If you have over $2,500.00 to invest, but need availability to your funds, the money market is the account for you. The money market account offers more flexibility than certificates by allowing access to your funds, no penalty for early withdrawals and up to three withdrawals per month and three share drafts per month for a total of 6 transactions.
A share certificate always earns you more than a regular savings account because you deposit a specified amount for an established period of time. Interest earned is paid monthly. Certificate maturities vary from 3 months to 60 months. A minimum of $500.00 is required and there is a penalty for early withdrawal.
A convenient way to access your checking account. Use it to purchase goods and services anywhere Visa is accepted - at more than 16 million locations worldwide. It works for every day purchases that you might usually pay for with a check or cash. The amount of your purchase is deducted from your checking account, just as if you had written a paper check.
A personal signature loan is a non-collateralized loan (unsecured). Personal signature loans may be granted for any purpose, subject to the member's ability to quality for loan based on current credit information. Share Secured loan is a loan pledged against share savings or a term share certificate on deposit at the credit union.
