SAFE DEPOSIT BOX

The following is a list of the Safe Deposit Box sizes available at our One Shell Square Plaza Level Office. The annual rental fees pertain to each size and additional safe deposit box information. Please take note that safe deposit boxes must be opened in person at the credit union. We are not permitted to open boxes by telephone or by mail.

		Regular fees		25% discount for Mature Advantage/Member Select**
3 x 5		$30.00		$22.50
3 x 10		$40.00		$30.00
5 x 10		$55.00		$41.25
10 x 10		$100.00		$75.00
Key Deposit		$ 15.00		$15.00
Lost Key		Forfeit Key Deposit		Forfeit Key Deposit
Drill Box Fee		$100.00		$100.00
Set Up Fee		None		None

*Fees are subject to change

**Contact Member Services at (504) 728-4853 for more information on our Mature Advantage and Member Select programs.

Key Deposit
There is an initial key deposit required of $15.00. Key deposits are refunded if both keys are returned upon the closing of your safe deposit box.

Automatic Debit
The credit union will automatically debit your designated Shell New Orleans Federal Credit Union account for the annual rental fee on your safe deposit box. This convenience will save you both time and money by alleviating postage expenses and the preparation of checks.

Delinquent Boxes
There will be no fee or charge for your delinquent box fees, but please be advised that your box will be closed. We will attempt to notify you by mail. If there is no response, the credit union must take the prescribed action in accordance with Louisiana law and the due clause in your safe deposit contract.

The National Credit Union Administration (NCUA) Does Not Cover Safe Deposit Contents. Refer to our "Safe Deposit Questions" brochure and your contract for more details on how to insure your contents.

DIRECT DEPOSIT

Now you can have the convenience of having your paycheck, social security check, retirement check, etc. electronically deposited to your savings or checking account on a timely basis. You no longer have to worry about your check getting lost or stolen in the mail or having to come into the office to make your deposit.

Check with your employer to see if they offer direct deposit. Once activated, deposits and loan payment allocations will begin and continue with the credit union until you request a change.

You can easily verify your direct deposit amount with CU Anytime (online account access) or via "SHELLY" our 24-hour member telephone service.

PAYROLL DEDUCTION

Many employers offer payroll deduction as well as direct deposit. You can arrange to have certain amounts of money deducted from your paycheck each pay period and deposited to your regular share or checking account.

Payroll deduction can be allocated to any other share accounts or it can be automatically transferred to pay your loan.

Payroll deduction is also an ideal method for you to save for the holidays by establishing a Christmas Club account with the Credit Union and letting your payroll deduction automatically allocate each month. You can even use payroll deduction to invest in your Individual Retirement Account (IRA).

OVERDRAFT PROTECTION

Do you ever worry that a check will clear before you're able to make a deposit -- or before your paycheck is direct deposited? Here's a way to end worrying and protect your checking account from non-sufficient fund (NSF) fees: Establish an overdraft Line-of-Credit. Funds will be automatically transferred to your checking account, if needed, to cover any negative balances you may have.

Also, you can have overdraft protection from your regular share account (Regulation D withdrawal limitations apply). If you choose this service, funds will be transferred, if needed, from your share account to cover any negative balances in your checking account at no cost to you.

NIGHT DEPOSITORY