Frequently Asked Questions

If the member wishes to have a joint account with some other person, a Joint Share Account Agreement must be signed by the persons who are to be the joint owners with right of survivorship. Persons not within the field of membership may become joint owners but may not become members of the Credit Union. Such persons have no vote and cannot borrow. If the joint owner is within the field of membership, such persons may become a member by filling out an Application for Membership and by signing a membership card at the office.

When a joint account has been established, any one of the joint owners may make payments into the account, withdraw funds from the account, or pledge the shares as security for a loan, without the signature of the other joint owner(s).

The Joint Share Account is used to create a joint ownership of a member’s share account and to provide that upon the death of any joint owner, the surviving joint owner(s) retains ownership of the amounts represented by the account.

A joint owner who is not within the field of membership may not continue the share account in the Credit Union after the member dies. Such an account may be retained, at the option of the owner, in the Credit Union until the close of the current dividend period, at which time the account must be closed.

Yes, you can remain a member. Once a member always a member.

The field of membership is limited to those having the following common bond:
Employees of the BP Oil Co. (Ind.) and its wholly owned subsidiaries who work in Whiting, Hammond, East Chicago, or Merrillville, Indiana; all annuitants from the above employment; employees of the Credit Union; former credit union members; and persons related by blood or marriage to the above.

Stop in at the branch during normal business hours. Bring in current identification, fill out a membership application and sign a membership card. Open your savings account with at least one share ($5.00).

Deposits to your accounts may be made by U.S. Mail, over the counter, direct deposit, mobile app, visit a Shared Branching location, and external transfer.

Stop by the credit union, phone in a withdrawal to be mailed, request a check to be mailed from the Home Banking platform, or visit a Shared Branching location.

Dividends are paid on a quarterly basis and earn interest from the date of deposit to the date of withdrawal. Dividends are paid: 3/31, 6/30, 9/30, 12/31. Note: On your income tax forms, credit union dividends are reported as “income from interest” and not as corporate (stockholders) dividends.

The following can withdraw your savings by presenting death certificate and/or administrator papers.
For SINGLE ACCOUNTS — your executor, if you leave a will; your administrator, if you leave no will.
For JOINT ACCOUNTS — the survivor

After membership is established, come into the office and complete an application. Or use our on-line loan application. All loans are subject to review by the Loan Officers for approval or denial. Verification of income is required and must be submitted with each loan application.

Yes, you can refinance an existing loan (without penalty) before it is paid in full, if you need extra funds. It is also possible to obtain a second type loan before a previous loan is paid off.

With rare exceptions, the Credit Union offers the most favorable rate you can get. No extra charges — no minimum charges — no carrying charges. Your interest is figured only on the unpaid balance, not on the entire amount of the loan.

— go right along with low interest rates. The lower the charges, the lower the monthly payments. We work out financing to fit your needs and income.

There are no “hidden charges” on the Credit Union plan, and we give you a clear statement of the true annual interest, dollar cost of the loan, and the terms.

To see what types of loans and the current rates are, please visit our page on Loans.

EStatements is an electronic form of your monthly or quarterly statement.

EStatements is a more secure way of receiving your statement. EStatements are more cost effective and it is delivered right to your home banking. You will be notified via email when the statement is available for viewing or printing. And there is no need to wait for it to come in the mail.

You need a home banking login to sign up. On your home banking home page you select Online Services at the top of the page and from the drop down menu that appears you click on EStatements. You opt in from there. It’s that easy.

If you don’t have a home banking login, contact the credit union to receive one.