Money In Motion
Your $250,000 is Covered!
Your shares in Motion Federal Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an arm of NCUA. Established by Congress in 1970 to insure member share accounts at federally insured credit unions. The Fund is managed by NCUA under the direction of the three-person NCUA Board. Share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC).
The basic insured amount for a credit union member/owner under current law is $250,000. Share accounts maintained in different rights or capacities, or forms of ownership, may each be separately insured up to $250,000. Thus, a member may hold or have an interest in more than one separately insured share account in the same insured credit union.
All types of member share accounts and deposits received by the credit union in its usual course of business, including regular shares, money market accounts, share certificates, and share draft accounts may be insured.
If a member has an Individual Retirement Account in the credit union, this account is separately insured up to $250,000 by NCUA. It’s YOUR RIGHT to have your money protected. We have you covered at Motion!
Visa® CU TravelMoney
Visa CU TravelMoney® Reloadable Card. Wherever you go and whatever you need, your prepaid Visa CU TravelMoney® card is here for you. Motion offers the convenience of Visa CU TravelMoney® Reloadable Cards to members. It’s the perfect travel companion, because it’s convenient, secure and easy to manage online.
• Purchase it at your nearest branch.
• Reload it with amounts from $100 to $5,000.
• Use your card wherever debit cards are accepted worldwide.
• Manage your account with 24/7 online account management.
• Enjoy protection and security, with Zero Liability Protection, 90-day purchase protection, travel and emergency assistance and lost luggage reimbursement.
You can relax because it’s not tied to your checking or savings account, so if it’s lost or stolen, you won’t have any risk. So, before you travel be sure to pack your Visa CU TravelMoney® Card. Discover added convenience, security and peace of mind while you travel.
Visit any of our branches or call for more information: 908.862.6966 (MYMO)
Foreign Currency Exchange Service – AVAILABLE NOW!
Today the typical corporate and leisure traveler prefers to pre-purchase their foreign currency, not only because of security and safety, but also because of convenience and price.
Motion offers a simple, efficient, & productive method for you to exchange currency without paying the exorbitant fees found in airports, hotels and currency exchange outlets throughout the world.
Visit any Motion branch or call 908-862-6966 for member service
For your convenience you can purchase Money Orders at any Motion branch for only $1.50 per money order, up to $1,500.
A Money Order is convenient when you want to guarantee funds for a payment. It is useful in instances when a merchant may not accept a check. A Money Order guarantees that the funds are available as they will be received from Motion and not the member’s checking account.
To purchase a money order visit any of our branches and we will be happy to serve you.
Wiring money or transferring money from one bank account to another is one of the fastest and most secure ways to send or receive money. Motion member/owners can conveniently wire funds nationally.
Note: See our Applications and Forms page for the appropriate wire transfer forms and agreements. Please contact us at: 908.862.6966 for detailed instructions on wire transfers.