Second Chance Checking
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Introducing Second Chance Checking
Second Chance Checking from 1st University Credit Union has been designed for individuals who have had challenges with their banking history in the past and are seeking an opportunity to rebuild their financial standing and reestablish access to essential banking services.
You can open your Second Chance Checking account with $0 after you have secured $250 in an interest-bearing savings account⁶. And you can say goodbye to a monthly service fee with regular use of your debit card¹.
Open your account today and experience banking that puts YOU first.
Check out these great features of second chance Checking.
No monthly fees when you use your debit card more than twenty times in that month¹: Use your debit card anywhere Mastercard is accepted. To make paying secure and convenient, load your card into Apple Pay, Google Pay, or Samsung Pay.
Zero opening balance: Start rebuilding your banking relationship hassle-free with no minimum deposit in your checking account⁶.
Cash back rewards of $10 per month: Earn up to $120 a year extra cash by simply using your You First Checking debit card regularly².
Free services: Each month we will waive the fee so you can enjoy a variety of services at no charge³.
Free digital wallet: Use your debit card with the wallet of your choice: Apple Pay, Google Pay, Samsung Pay⁴.
Early payday: Receive your direct deposit up to two days in advance⁵.
Free ATM access: Access your funds anytime, anywhere through our extensive network of ATMs without any fees.
Free online banking and mobile app: Take control of your finances on-the-go with our intuitive online banking platform and user-friendly app at no additional cost.
1. The monthly service fee is waived after 20 debit POS purchases finalize in a statement cycle. Purchases in a pending status at the close of the cycle will rollover to the following month. Some months the statement cycle will be different than the calendar month.
2. The monthly reward is earned after 30 debit POS purchases finalize in a statement cycle. Purchases in a pending status at the close of the cycle will rollover to the following month. Some months the statement cycle will be different than the calendar month.
3. The first eligible fee that is incurred each statement cycle will be forgiven/waived. Eligible fees include foreign ATM fee, cashier’s check, money order, and ODP transfer. A "foreign" ATM is any ATM that is not owned by 1st UCU or CO-OP.
4. Charges made with your digital wallet apply to your monthly POS purchases.
5. Direct deposit and early payment of funds are subject to timing of originator funding.
6. Before opening your Second Chance Checking account, a deposit of $250 into a secondary savings account is necessary. We will "freeze" this amount, meaning it won't be available for withdrawal but will stay in your account, accruing dividends as long as the checking account remains in good standing. The credit union reserves the right, at its discretion, to utilize these funds to offset any negative balance in the checking account, resulting in the closure of the member's account.
Additional notes:
Overdraft and check-writing privileges are not allowed for this account. Any infringement of these terms will result in the account no longer being considered in good standing and may lead to its closure at the sole discretion of the credit union. 1st University Credit Union maintains the right not to open this account if applicant does not meet our underwriting requirements.
Free eStatements: Receive and store your monthly statements in your secure online banking account.
Free mobile deposit: Deposit checks conveniently using your mobile device without stepping foot in a branch or paying any fees.
Secured Shares: Upon opening your Second Chance Checking account, a deposit of $250 into a secondary savings account is necessary. We will "freeze" this amount, meaning it won't be available for withdrawal but will stay in your account, accruing dividends as long as the checking account remains in good standing⁶.
Insured by NCUA: Rest assured knowing that your Second Chance Checking account is federally insured by the National Credit Union Administration (NCUA) for up to $250,000 per depositor, providing an extra layer of security for your hard-earned money.
Take note: Overdraft and check-writing privileges are not allowed for this account. Any infringement of these terms will result in the account no longer being considered in good standing and may lead to its closure at the sole discretion of the credit union.
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Mastercard Debit Card
Our Mastercard chip-enabled debit card is the ultimate convenience for all checking account holders. With this card, you have the power to customize your PIN, ensuring security and peace of mind with every transaction. Whether you're making purchases in-store or withdrawing cash from ATMs, our debit card provides seamless usability wherever you go.
As a member of the CO-OP ATM network, you can access over 30,000 ATMs worldwide without incurring any fees, making it easier than ever to manage your finances on the go. Plus, our debit card seamlessly integrates with popular mobile wallets like Apple Pay, Google Pay, and Samsung Pay, adding an extra layer of convenience and security to your digital transactions.
Mastercard, Apple Pay, Google Pay, and Samsung Pay are trademarks of their respective owners.