Products & Services

MOTION HAS SOMETHING FOR EVERYONE!

If you’re looking for “full-service” banking, no matter where you are in life’s journey, you will find it at Motion, where we’re moving dreams forward. Unlike banks, Motion offers that personal touch and an array of products and services, which gives you the power to take ownership of your financial future.

As a Motion Federal Credit Union member/owner, you have access to a complete, competitive line of financial products and services, as well as convenience. Motion offers a variety of loans and mortgage products, Visa® credit cards, free checking accounts with rewards, savings accounts, holiday and vacation clubs, access to over 71,000 surcharge-free* ATMs, Online Bill Pay service, TellerPhone 24, E-Statements, Motion Value Perks discounts, convenient easy-access branches, extended branch hours and many other conveniences. These products and services are all available to meet your financial needs and help you manage your cash flow.

Browse through this site and take a look at our wide variety of products and services. You’ll discover that Motion is your safe & reliable one-stop-shop for financial products & services. Motion could be the answer to making your financial dreams come true.

*Restrictions apply.


Motion’s Free* Checking Account

Motion offers a very unique checking account that does not compare to most banks and credit unions.

- Only one penny minimum balance
- No monthly maintenance fee
- FREE Visa® Debit Card
- Surcharge-free transactions at over 71,000 ATMs displaying the AllPoint & Co-op logos
- FREE E-Statements
- FREE Home Banking and Bill Pay
- Unlimited check-writing
- 24-hour account access by phone, online, or ATM

Stop paying fees to use your money! Visit any Motion branch to open your Free Checking account today!

*Restrictions apply.


SHARE SAVINGS ACCOUNTS with MOTION

You can become a Motion FCU member/owner by opening a Share Savings account. Because Motion account holders are member/owners, deposits in accounts are considered “shares”. You may open a share savings account with as little as $5.00. With this account you can deposit and withdraw funds at anytime ($5.00 is the minimum balance required to keep the account open).

Your funds are federally insured up to $250,000 by the National Credit Union Administration (NCUA) for added safety and peace of mind. See more information below.

Depending on your needs, other savings account options are available at variable terms and interest rates including:

Just to name a few.

Motion understands the importance of nurturing your dreams. Whether it’s a savings account to reach short term goals or an IRA to help plan for retirement, we are here for you. Get your dreams in motion.


Join “Club Motion!

Club Motion is an exclusive savings club that offers a variety of ways for member/owners to save! This club showcases great savings plans that will help shape your financial future and provide better management of your cash flow. Short-term and long-term savings goals are available:

• ME Club – Save for whatever you want
• Vacation Club – You deserve a vacation. Save for it now.
• Holiday Club – Save now for shopping during the holidays.

Any of these accounts could be the perfect savings plan to match your savings needs. All savings accounts are federally insured and earn dividends. So join “Club Motion” today by choosing an account that’s just right for you: we think you deserve something special. That’s exactly what “Club Motion” is about. Visit any Motion branch to learn more.


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!


MOTION at YOUR SERVICE

As part of our commitment to member service, Motion provides many financial
products and services at low or no fees for your benefit and convenience.


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).


Direct Deposit

Take advantage of having your paycheck automatically and safely deposited to your Motion account(s). It’s the fast, worry-free way to deposit your paycheck or other recurring deposits. Have your hard-earned money safely and quickly deposited directly into your checking or savings account(s).

You’ll benefit from direct deposit over a live check by having: quicker access to your funds, greater security and reduced risk of fraud due to loss or theft of a check.

If your employer or payment provider supports Direct Deposit, contact your HR representative to establish payroll deductions.

To set-up Direct Deposit

Provide your payroll department with Motion FCU’s routing number 221276480. For checking accounts, use the 14-digit account (MICR) number that appears at the bottom of your checks (example: 95280012345097).

For savings accounts, use your account number and share suffix (example: 12345 00).

Check with your employer, as they may have additional requirements for setting up your direct deposit.


Money Orders

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.


Financial Seminars

At Motion, part of our mission is to improve our member/owners’ financial condition – and what better way to do it than through FREE Credit Union Campus (CUC), lunch & learn financial seminars? We partner with experts in the industry to bring financial education to workplaces and at our branches, all to help you better understand your financial options. Click here to learn more.


Notary Services

Notary services are available at most of our branches, free of charge to Motion member/owners.


Wire Transfers

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.

Please contact us at: 908.862.6966 (MYMO) for detailed instructions on wire transfers.


SAVINGS PRODUCTS RATES

1 APY = Annual Percentage Yield

Product Dividend Rate APY1
REGULAR SHARE (Savings) 0.05% 0.0500%
SHARE DRAFT (Checking) 0.01% 0.0100%
CLUB MOTION (Holiday, Vacation, ME) 0.10% 0.1001%
IRA 0.10% 0.1001%
MONEY MARKET (Tier II; $2,501 – $50,000) 0.10% 0.1001%
MONEY MARKET (Tier III; $50,001+) 0.20% 0.2002%
3-5 MONTH SHARE CERTIFICATE 0.07% 0.0700%
6-11 MONTH SHARE CERTIFICATE 0.09% 0.0900%
12-17 MONTH SHARE CERTIFICATE 0.12% 0.1201%
18-23 MONTH SHARE CERTIFICATE 0.15% 0.1501%
24-35 MONTH SHARE CERTIFICATE 0.20% 0.2002%
36-47 MONTH SHARE CERTIFICATE 0.25% 0.2503%
48-59 MONTH SHARE CERTIFICATE 0.35% 0.3506%
60 MONTH SHARE CERTIFICATE 0.50% 0.5012%
IRA 6-11 MONTH SHARE CERTIFICATE 0.14% 0.1401%
IRA 12-17 MONTH SHARE CERTIFICATE 0.17% 0.1701%
IRA 18-23 MONTH SHARE CERTIFICATE 0.20% 0.2002%
IRA 24-35 MONTH SHARE CERTIFICATE 0.25% 0.2503%
IRA 36-47 MONTH SHARE CERTIFICATE 0.30% 0.3004%
IRA 48-59 MONTH SHARE CERTIFICATE 0.40% 0.4007%
IRA 60 MONTH SHARE CERTIFICATE 0.55% 0.5514%

Rates subject to change at any time.

CREDIT CARD RATES

1 Rates are determined by your personal credit history and payment method, so your rate may differ.
APR = Annual Percentage Rate.
Rates subject to change at any time. Other restrictions & details may apply.

Product Payroll Deduct APR1 Coupon Book APR1 Terms
Platinum VISA® 8.45% 8.45% Max $25,000
Platinum VISA® with Rewards 10.95% 10.95% Max $25,000

These rates are advertised as low as.

VEHICLE LOAN RATES

1 Rates are determined by your personal credit history and payment method, so your rate may differ.
APR = Annual Percentage Rate.
Rates subject to change at any time. Other restrictions & details may apply.

2 Auto Price CANNOT exceed NADA Value. Auto Loans NOW INCLUDE tax, registration, or other fees.

3 Used Cars maximum term is 6 years. Other restrictions may apply.

Product Years Payroll Deduct APR1 Coupon Book APR1 Terms2
New Auto Up to 2 1.45% 1.70% 100% Purchase Price
New Auto Up to 3 1.95% 2.20% 100% Purchase Price
New Auto Up to 4 2.45% 2.70% 100% Purchase Price
New Auto Up to 5 2.45% 2.70% 100% Purchase Price
New Auto Up to 6 3.45% 3.70% 100% Purchase Price
New Auto Up to 7 3.95% 4.20% 100% Purchase Price
Used Auto Up to 2 1.45% 1.70% 100% Purchase Price
Used Auto Up to 3 2.45% 2.70% 100% Purchase Price
Used Auto Up to 4 2.95% 3.20% 100% Purchase Price
Used Auto Up to 5 3.95% 4.20% 100% Purchase Price
Used Auto Up to 63 4.95% 5.20% 100% Purchase Price
Boat / RV / Airplane Up to 20 As low as 4.75% Flexible terms
Motorcycle Up to 7 As low as 4.45% Flexible terms

These rates are advertised as low as.

PERSONAL LOAN RATES

1 Rates are determined by your personal credit history and payment method, so your rate may differ.
APR = Annual Percentage Rate.
Rates subject to change at any time. Other restrictions & details may apply.

Product Years Payroll Deduction APR1 Coupon Book APR1 Terms
Personal Loan Up to 2 5.95% 6.45% Max $20,000
Personal Loan Up to 3 6.95% 7.45% Max $20,000
Personal Loan Up to 4 7.95% 8.45% Max $20,000
Personal Loan Up to 5 8.95% 9.45% Max $20,000

These rates are advertised as low as.

OTHER LOAN RATES

1 Rates are determined by your personal credit history and payment method, so your rate may differ.
APR = Annual Percentage Rate.
Rates subject to change at any time. Other restrictions & details may apply.

Product Years Rate APR1 Terms
CREDIT CRUNCHER (Debt Consolidation) Up to 4 8.60% Max $20,000

These rates are advertised as low as.

SHARE / STOCK SECURED RATES

1 Rates are determined by your personal credit history and payment method, so your rate may differ.
APR = Annual Percentage Rate.
Rates subject to change at any time. Other restrictions & details may apply.

Product Years Payroll Deduct APR1 Coupon Book APR1 Terms
Share Secured Up to 2 1.45% 1.95% 100% Savings
Share Secured Up to 3 1.95% 2.45% 100% Savings
Share Secured Up to 4 2.95% 3.45% 100% Savings
Share Secured Up to 5 3.95% 4.45% 100% Savings
Share Secured Up to 6 N/A N/A 100% Savings
Share Secured Up to 7 N/A N/A 100% Savings
Stock Secured 4 4.45% 4.95% 50% Stock Value

Rates subject to change at any time.

EDUCATION LOAN RATES

1 Rates are determined by your personal credit history and payment method, so your rate may differ.
APR = Annual Percentage Rate.
Rates subject to change at any time. Other restrictions & details may apply.

Maximum Amount Rate (APR1) Type Repayment Term Notes
$20,000 Prime + 1/2% 1 Year Variable 5 Years Payable to school only