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Dormant Account Policy

A members’ account shall be considered dormant if no activity has taken place on the account for one year.

A dormant account notification will be included in the Credit Union newsletter annually. Members will be reminded to keep their account active by making a deposit, withdrawal, or transfer to their account.  If they do not activate their account, they may incur a monthly dormant account fee. Any account that is dormant after three years, the balance in the account will automatically be escheated to the State of Pennsylvania Treasury.

Fees on all dormant accounts shall be assessed at $1.00 per month after 12 months of inactivity. The fee shall continue monthly until the balance in the account is zero and the account is closed, or the account has been reactivated. If after three years there is still a balance, the monies remaining will be escheated to the state.

Exceptions are if the member has other accounts with the credit union i.e. IRA’s, Certificates of Deposit, Loans, Visa Account, First Mortgage Loan etc.; or if the member is under 18 years of age.

The Credit Union will make the necessary attempts to contact members with dormant accounts before any funds are escheated to the state. This makes it essential that addresses on all accounts be current and up to date.

Please call either Credit Union office should you have any questions.

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WE UPGRADED To Better Serve You!
We upgraded our core processing system on August 2 to make your membership experience with Mercer County Community Federal Credit Union even better. This is an exciting time for our credit union, as we enhance many of the services that you have always enjoyed, as well as add a few new ones. Please Click For Important Information
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