Serving Avery Dennison employees
LOGGING ON TO MONARCH FCU’S ON-LINE BANKING:
Click on the login button in the upper right corner of the screen.
Your username is your base account number, without any suffixes, such as 1234 or 34567. The first time you log in to the system, your temporary password will be emailed to you.
You will be prompted to change your password. The password must be at least eight characters, including at least one each of the following:
An uppercase letter, a lowercase letter, a number, and a special character such as *,$,# .
Ten security questions will be presented upon logging in the first time. Five of the ten questions will need to be answered. After the initial login, you will be asked one of the questions when logging in each time.
Due to the economic realities of the past few years, the credit union has found it necessary to institute new fees effective January 31, 2014. The decision to institute these fees was not made lightly and was only approved after examining all our costs and cutting expenses wherever possible. The new fees can be avoided by using the services offered by Monarch Federal Credit Union.
The first fee is related to the statements provided by the credit union. For members who receive their statements electronically, there is no fee. For members that receive their statements through the mail, i.e. paper statements, there will be a $1.00 fee per statement. This fee can be avoided by signing up for electronic delivery of your statement. You can click on the Statement Tab on our website and opt-in or call or stop in the credit union office. We will code your account and you will receive an email when your statement is available. You can then go to our website, log in to on-line banking and retrieve your statement. You will have access to the last 12 statements generated after you enroll that you can review and print out if necessary.
The second fee is related to the use of the credit union services. The monthly account maintenance fee of $2.00 will be charged for any account with a total combined balance of savings and the original loan amount of any active loan(s) less than $5,000.00 at the end of the statement period.
Members under the age of 18 and over the age of 65 will be exempt from these fees.
Your Board of Directors has instituted these fees reluctantly, as we have tried to avoid them by increasing our loans outstanding. Unfortunately, our loans outstanding have not increased significantly enough to generate the revenue needed to avoid these fees. We are continuing to act to increase our loans outstanding and perhaps be able to reduce or eliminate these fees in the future.
Monarch FCU now offers mortgage loans and refinances through our mortgage partner MMS Mortgage.