Erie General Electric Federal Credit Union is still pushing for their best interest rate reward checking account called HD Checking. This money in the bank deal lets you earn an interest rate of 4.07% APY. You need to meet the following requirements for you to earn this best checking account:

• use debit card for at least 12 times at the point of sale
• set up at least one direct deposit or incoming ACH transaction
• enroll in electronic bank statement, online banking and bill payer
• maintain an average daily balance of $500 and must not exceed $25,000

You are also required to deposit a minimum of $500 to open an account. Please be reminded that once account is opened the interest rate may change, so make sure to always check the current interest rate with the credit union.

Individuals who want to be a member of Erie General Electric Federal Credit Union must work, worship, attends school, or lives in the county of Erie or Crawford in the state of Pennsylvania. You are also required to deposit a minimum of $25 to open and become a member. It seems that you need to visit the branch near you to apply. You may also want to contact the credit union’s customer service for questions or concerns thru 814-456-6231.

Erie General Electric Federal Credit Union was established in 1936. Currently, the credit union has six branches located in the cities of East Lake Road, East 38th Street, Buffalo Road, West 26th Street, North East, and Grove City. The credit union also has over 30,072 members with over $239.7 million in declared assets. The are also a member of the National Credit Union Association with charter number 1117.