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Community Trust Credit Union
847-662-2050
©2005 Community Trust Credit Union.
All Rights Reserved.

Cashiers Checks & Money Orders


Cashiers Checks

Similar to a Money Order, a Cashiers Check is a check-like instrument, used to make purchases or pay for services when payment requires a higher level of reliability and security than a personal check or cash. Cash funds are collected by the Credit Union and a cashiers check, backed by the credit union is issued. Payee and amount are pre-filled, and check is signed by the credit union president.

There is no additional cost to members issuing a cashiers check for an amount over $1000. There is a $3.00 fee for checks under $1000. Cashiers Checks must be purchased with collected funds or cash only. We require payee's name and address to process your check. If you need a check payment for less than $1,000, you might consider a Money Order.


Money Orders

Similar to a cashiers check, a money order is a check-like instrument, paid for by collected funds and used to make purchases or pay for services when payment requires a higher level of reliability and security than a personal check or cash. Money Orders have a carbon copy for your records and provide a safe, reliable payment method to any payee.

Money Orders are issued in amounts up to $1,000. There is an additional $2.00 fee per check, however, this fee is waived for members with a Choice Checking Account. Money Orders must be purchased with collected funds or cash only. For a reliable check payment in an amount over $1,000, you might consider a cashiers check.

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Community Trust Credit Union
847-662-2050 -- Branch Locations -- webmail@ctcu.org

NCUA and ESI Insured, Equal Housing Lender
Deposits Federally insured up to $100,000 by NCUA.
Additional $250,000 insured by ESI
.

*APR = Annual Percentage Rate. APY = Annual Percentage Yield.
 
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