What Are My Checking Account Options at CWCU?

Couple Checking Their Central Willamette Credit Union Account on Mobile Phone

Having a checking account is a terrific way to both spend and receive money without having to carry cash around with you all the time. It’s also a great way to keep a paper trail of how much you’re spending and where you’re spending it. And if you live in Oregon, there are many checking account options to suit your specific needs.

At Central Willamette Credit Union, there are over half a dozen checking accounts for you to choose from. Some accounts are general and open to anyone looking for somewhere to store their money, while others are for specific age ranges and other qualifications. Whether you own a business or are just trying to put your money in a place where you’ll have convenient access to it, a checking account can be a great banking option for you.

Many of the checking account options offered at Central Willamette Credit Union have free features, such as mobile banking and chances to win cool prizes. They also allow you to have a debit card that you can use anywhere that accepts them. Put your money somewhere safe and access it and your balance 24/7 with a checking account that’s right for you. Here are a few personal and business account options to choose from when you bank with Central Willamette Credit Union.


Simply Free Checking

Is there anything better than free? With this checking account option, customers can skip the hassle of added fees or minimum requirements. With your convenience in mind, Central Willamette Credit Union created the Simply Free Checking account, a money-saving option that will work for everyone.

Included in this checking account are free features, such as no monthly service charges, a debit card, and more. Use your debit card anywhere that accepts them and have all of your money in one convenient place. If you’re new to banking, this is a good first checking account to have.

Direct Interest Checking

The Direct Interest Checking account is a great option if you have a Central Willamette Credit Union loan. With this type of checking account, your monthly loan payment can be automatically withdrawn, so you won’t have to worry about missed deadlines or forgotten payments. You can be at ease knowing that you’re on top of your payments as long as you have money in this account. Earn 0.05%* interest while also having no minimum balance or monthly service charge with a Direct Interest Checking account.

Premier Interest Checking

If you’re interested in earning more for having a larger balance in your checking account, then a Premier Interest Checking account is a good personal account option for you. Start earning more with a balance of $1,500 or higher. Keep your balance at that, and your monthly service charge will be waived. With this account, you’re also offered free services like bill pay, online banking, and more.

50+ Checking

Are you 50 years of age or older? Then Central Willamette Credit Union has an account that was created just for you, and it includes a competitive interest rate of 0.05%*. This exclusive option comes with free features like a free first box of checks, buyback of debit cards and unused checks from your current institution, no monthly service charge, and more. All you need is a $25 minimum opening balance to start your 50+ Checking account.


Do you have a teen who’s ready to learn money management skills? A great introductory checking account for high school-aged children is a MyChecking Account. With this account, your teenager will have access to unlimited check writing, no monthly service charge, no minimum balance, and other fun perks. Your teen can learn to keep track of their own funds, while also learning how to handle money.


Simply Business Checking

The Simply Business Checking account is a great, simple option for every business’s needs. This option has no added fees or the hassle of monthly requirements to worry about. A Simply Business Checking account will give you access to a monthly transaction allowance of $1,000, as well as access to bill pay, which will make it even easier for you to organize your company’s bills and pay them on time.

Premier Interest Business Checking

This business checking option allows you to earn a higher interest rate if your balance is $2,500 or more. If your balance falls below $2,500, you’ll still earn a competitive interest rate but will be charged an $8 monthly fee that you won’t be charged if it stays above $2,500. Other benefits of this account are mobile banking and mobile deposits, making it easier for you to receive and cash checks on demand.

Commercial Business Checking

If your business has more complex banking needs, a commercial business checking account may be a good option. This account comes with a $15-per-month service charge, but the activity fees may be offset by your earning credit allowance on deposit balances. There’s also no minimum balance with this account. You’ll receive helpful free features such as statements with online check images so that you can keep a visual account of the checks you’ve written, and other features like a debit card, bill pay, and mobile deposit.

With so many great checking account options, it’s easy to find the one that works best for you and your money. And when you’re ready to take that next step, you should do it with the Forbes Magazine #2-ranked credit union in Oregon. Central Willamette Credit Union has six convenient locations throughout Oregon that you can visit to set up your new checking account. We also have nearly 30,000 ATMs that offer direct, surcharge-free access to your money. So sign up for a checking account today. And If you can’t make it into one of our physical locations, we can be contacted by phone with questions and assistance with a checking account.

*The Interest Rate and Annual Percentage Yield on your accounts are set forth above. The Interest Rate and Annual Percentage Yield may change periodically as set forth above for each account, as determined by Management and/or Board of Directors. The Interest Rates and Annual Percentage Yields applicable to each account depends on the balance ranges set forth above. Once a balance range is met, the highest Interest Rate and Annual Percentage Yield for that range will apply to the entire balance in your account.