Other Services
Overdraft Protection
Accidents happen! When unexpected expenses arise, overdraft protection can save you from financial trouble at a low cost. It comes in three forms:
Personal Access Line (PAL)
For members with fair to good credit, we offer Personal Access Lines (PALs) as overdraft protection on your Central One checking accounts.
Automatic Transfer
The Automatic Transfer program transfers the needed funds to your checking account from one of your Central One savings accounts. 2
Safe Deposit Boxes
All Central One full-service branches except Saint Vincent Hospital Branch offer safe deposit box rentals for members.
See branch locations for hours
To inquire about renting a safe deposit box, please contact a branch for sizes and availability.
Member Protect
Central One Federal Credit Union borrowers can purchase Loss of Life, Disability, and involuntary unemployment security protection on their Central One loan accounts.
Notary Public
Central One Federal Credit Union offers notary services free of charge for our members. Notaries act as impartial third-parties to verify the identity and willingness of a document signer.
Please call the branch ahead of time to ensure a notary will be available.
Important: Notarizing a document is not a Medallion Stamp or Signature Guarantee.
Visa
Gift Cards
Find a branch
Looking for a safe and versatile gift? A pre-paid Visa gift card is a great choice! It offers many of the same protections as a traditional Visa card. Stop by your local branch to get yours today!
Medallion Stamp Signature Guarantee
Find a branchNeed a signature guarantee for transferring securities? Our authorized branch associates can help! This service is available by appointment for established members. Call your local branch for details and to book your appointment.
Foreign Currency Exchange
Order foreign currency*Are you traveling soon and need foreign currency? Although Central One does not currently offer foreign currency exchange services, we can refer you to Currency Exchange International (CXI), one of North America’s leading foreign exchange providers, to purchase foreign currency exchange and mail it to your home.
We offer many products and services designed to fit your unique needs
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1 Based on creditworthiness.
2 This is not a line of credit but simply a method of electronically transferring funds from your Savings Accounts to cover any overdraft checks. If there are not sufficient funds in the savings account the checks will not clear and will be declared as non-sufficient funds in the account.
3 Member Qualifications: Must be at least 18 years of age, be a member in good standing with an account open for at least 180 days and have no more than two 30-day late loan payments or one 60-day late payment in the last 24 months. Central One reserves the right to deny payment.
* This link is a referral only, allowing you to order directly from CXI. Please note that Central One FCU is not involved in the ordering or exchanging of foreign currency. Before placing an order on their website, we encourage you to carefully read all information about CXI and their services. If you have any questions or concerns, please get in touch with CXI as indicated on their website.
Personal Access Line (PAL)
For members with fair to good credit, we offer Personal Access Lines (PALs) as overdraft protection on your Central One checking accounts. PALs are a variable line of credit and can be as high as $5,000. 1
When an accidental overdraft happens, funds are automatically borrowed from your PAL to fund the overdraft. There is no fee associated with the transfer and you only pay interest on the funds you borrow.
Benefits of a Personal Access Line
- No fees associated with using your PAL, only pay interest on the funds borrowed
- Once you are approved for a PAL, funds can be borrowed for any reason at any time
- Saves you the cost of a high non-sufficient funds (NSF) fee
- Can ensure your eBills go through when scheduled
- Prevents checks from bouncing, saving you from high merchant fees
- Saves you the embarrassment of denied debit card transaction
1 Based on creditworthiness
Automatic Transfer (Overdraft Transfer from Savings)
The Automatic Transfer program transfers the needed funds to your checking account from one of your Central One savings accounts.2
There is a $5 fee per transaction which is usually less than the cost of a missed bill or returned check.
Benefits of Auto Transfer
- Saves you the cost of a high non-sufficient funds (NSF) fee
- Can ensure your eBills go through as scheduled
Prevents checks from bouncing, saving you from high merchant fees - Avoids the embarrassment of denied or returned transaction
2 This is not a line of credit but simply a method of electronically transferring funds from your Savings Accounts to cover any overdraft checks. If there are not sufficient funds in the savings account the checks will not clear and will be declared as non-sufficient funds in the account.
Courtesy Pay
Courtesy Pay is the last line of defense against accidental overdrafts. It has a higher fee associated with it than auto transfers or personal access line usage, and access to Courtesy Pay is at the discretion of the credit union. 3
Checks and ACH transfers for qualified members may be automatically covered by the Courtesy Pay program. For ATM and debit transactions, you must opt in to receive this protection.
Courtesy Pay fees are tiered. See the Our Rates & Service Charges to see the current fees.
If you are enrolled in other overdraft protections, such as a PAL or Auto Transfer, we will continue to use those methods before we use Courtesy Pay.
3 Member Qualifications: Must be at least 18 years of age, be a member in good standing with an account open for at least 180 days and have no more than two 30-day late loan payments or one 60-day late payment in the last 24 months. Central One reserves the right to deny payment.
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Open Account
Ice Cream Day Dates
All Ice Cream Day events are from 4:00 – 6:00 pm.
June 12th- Auburn Branch, 63 Southbridge Street
July 24th- Westborough Branch, 40 South Street
July 31st- Milford Branch, 82 Prospect Street
August 7th- Northborough Branch, 148 Main Street
August 28th- Shrewsbury Branch, 714 Main Street
August 15th- Worcester (Saint Vincent Hospital) Branch – We’ll be serving Goody’s Kettle Corn at the branch all day!
Food Truck Dates
All Food Truck Events are from 11:00 am – 1:00 pm.
July 12th- Westborough Branch, 40 South Street: Tacoborough Food Truck
August 9th- Shrewsbury Branch, 714 Main Street: Savage Wraps Food Truck
August 14th- Worcester (Saint Vincent Hospital) Branch – Garden Fresh sandwiches in-branch
August 23rd- Auburn Branch, 63 Southbridge Street: Bird’s Nest Panini Food Truck
September 6th- Northborough Branch, 148 Main Street: Tacoborough Food Truck
Milford – Off the Hook
Adjustable Rate Mortgages
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The 15/5 Adjustable Rate Mortgage offers a fixed APR of
for the first 15 years then adjusts to a new rate every 5 years. Term: Available for terms up to 40 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 15/5 Adjustable Rate Mortgage offers a fixed APR of
for the first 15 years then adjusts to a new rate every 5 years. Term: Available for terms up to 40 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 10/5 Adjustable Rate Mortgage offers a fixed APR of
for the first 10 years then adjusts to a new rate every 5 years. Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
-
The 10/5 Adjustable Rate Mortgage offers a fixed APR of
for the first 10 years then adjusts to a new rate every 5 years. Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 5/1 Adjustable Rate Mortgage offers a fixed APR of
for the first 5 years then adjusts to a new rate every 1 year. Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
-
The 5/1 Adjustable Rate Mortgage offers a fixed APR of
for the first 5 years then adjusts to a new rate every 1 year. Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 3/3 Adjustable Rate Mortgage offers a fixed APR of
for the first 3 years then adjusts to a new rate every 3 years. Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
-
The 3/3 Adjustable Rate Mortgage offers a fixed APR of
for the first 3 years then adjusts to a new rate every 3 years. Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 1/1 Adjustable Rate Mortgage offers a fixed APR of
for the first 1 year then adjusts to a new rate every 1 year. Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
-
The 1/1 Adjustable Rate Mortgage offers a fixed APR of
for the first 1 year then adjusts to a new rate every 1 year. Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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