About Sharon Credit Union
We’ve made it easy to join Sharon Credit Union. You can complete our secure online membership application here.
To apply for Sharon Credit Union membership, you will need the following forms of identification:
Valid U.S. government issued ID (e.g. Driver’s License, Passport, or State ID) along with your Social Security Number (SSN) or Individual Tax Identification Number (ITIN)
If applicable, documentation verifying your home address, such as a utility bill or lease agreement (Not required for minors 17 and under).
Sharon Credit Union has branches located in Sharon, East Walpole, Mansfield, North Attleboro, and Foxboro with our Corporate Offices located at 30 Pond Street, Sharon, MA 02067. The hours for all branches are as follows:
Monday-Wednesday: 8:30 AM – 4:30 PM
Thursday, Friday: 8:30 AM – 7:00 PM
Saturday: 8:30 AM – 1:00 PM
Hours for our Corporate Offices are Monday-Friday: 8:30 AM – 4:30 PM.
Membership in Sharon Credit Union is open to people residing or employed in the counties of Norfolk, Suffolk, Middlesex, Plymouth, Barnstable or Bristol of the Commonwealth of Massachusetts and Providence, Bristol and Newport counties of the State of Rhode Island. Additionally, family members of eligible persons may apply for membership regardless of location. A family member shall include a spouse, son, daughter, mother, father, sister, brother, aunt, uncle, cousin, grandparent, or grandchild.
Members may change their address by updating this information within Online Teller or by visiting one of our branch locations. Alternatively, a member may put this request in writing or send us an email from their email address currently on file, requesting that this information be updated so long as the request is signed by the member.
If your employer offers direct deposit, give the payroll department our credit union’s routing number, 211385556 and your MICR account number.
Transactions made at any Sharon Credit Union ATM are free. Transactions made at an ATM other than a Sharon Credit Union ATM are charged a $1.00 fee. This is waived for MyGreen Checking accounts. When you use an ATM not owned by Sharon Credit Union, you may be charged a fee by the ATM owner or any network used. The ATM owner or network fees are not imposed when you are using a participating SUM ATM machine.
When you use an ATM not owned by Sharon Credit Union, you will be charged a $1.00 fee (waived for MyGreen Checking accounts) and may be charged a fee by the ATM owner or any network used. The ATM owner or network fees are not imposed when you are using a participating SUM ATM machine.
Deposits are held for one business day. If you make a deposit at an ATM before 3:00 P.M. on a business day that we are open, we will consider that day to be the day of your deposit. Therefore, your funds will be available the next business day. However, if you make a deposit at an ATM after 3:00 P.M. or on a day we are not open, we will consider that the deposit was made on the next business day we are open, and then your funds will be available the following business day.
The fee for a replacement card if lost or stolen is $25.00. The fee for a replacement card if damaged is $10.00.
Certificates of Deposit Questions
Interest rates on Certificates of Deposit vary and are based on the term of the certificate and on the opening balance of the certificate. Our current rates are listed here.
A Certificate of Deposit (CD) is a savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued with minimum balance of $500. When you open a CD, your money is on deposit for a specific time period. For agreeing to keep it on deposit for a specified time period, you earn more than you would in a regular savings account. If you cash it in before its maturity date, you pay a penalty.
Sharon Credit Union offers three forms of overdraft protection with Overdraft Protection (Line of Credit), Overdraft Transfer and Overdraft Privilege Service (OPS).
Overdraft Protection (Line of Credit) is a line of credit loan that is advanced any time your account would otherwise be overdrawn. Interest accrues on the outstanding balance. Approval is subject to your credit worthiness.
Overdraft Transfer is a link between your savings account and checking account. Anytime your checking account would be overdrawn, we will transfer available funds from your savings to your checking to cover the overdraft. Two transfers per month are permitted free of charge. For additional transfers in a given month, a service charge applies. Refer to our Schedule of Charges: https://www.sharoncu.com/rates/schedule-of-fees/
Overdraft Privilege Service (OPS) is a discretionary program under which Sharon Credit Union will consider paying items drawn on your checking account for which the account has insufficient or unavailable funds, instead of automatically returning those items unpaid.
Read the full OPS Terms and Conditions: https://www.sharoncu.com/assets/OVERDRAFT-PRIVILEGE-SERVICE.pdf
MyFree Checking - Free
MyGreen Checking – There is a $1.00 fee per check written on the account.
MyInterest Checking Service Charge - $5.00/month if the balance falls below $500.00.
MyBusiness Plus Checking Monthly Service Charge - $15.00/month if balance falls below $5,000.
MyBasic Business Checking Excess Transaction Fee - $0.50 per transaction over 200. Bill Payer Fee - $5.00/month. VIP Deposit Fee - $5.00/month.
Check image return with statement - $5.00/month
Overdraft Privilege Service (OPS) Paid Item* - $35.00
Non-Sufficient Funds (NSF) Returned Item - $35.00
Stop Payment - $30.00
Preauthorized Overdraft Transfers from Savings – Two free per month and then $5.00 each. (Monthly transfer limits apply – see Truth in Savings Disclosure)
Returned Deposited Item - $7.00
Business ACH Payments - $0.30 per ACH
*Fee applies to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable.
If your checks are lost or stolen call Member Service at 877-661-3300.
Debit Card Questions
Yes. You can use your debit card outside of the United States, but we ask that you contact Sharon Credit Union prior to traveling so that we may inform you of any debit card restrictions in your area of travel at the time of your visit.
Every time you use your card at a chip-activated terminal, the embedded chip generates a one-time use code. This code is virtually impossible to counterfeit and helps reduce in-store fraud.
There is no charge for making a purchase with your Debit MasterCard®.
There is a $25.00 charge for a replacement card if lost or stolen and a $10.00 charge for a replacement card if damaged.
There is a daily ATM withdrawal limit of $500 and a limit of $2,500 for purchases (POS – Point of Sale), assuming the funds are available.
The terms “debit card” and “check card” mean the same thing. A debit card withdraws money from your checking account as a check does; therefore, it debits your account. It can also withdraw money from your savings account, if you have it set up that way when you ask for a card. It can be used to make purchases at any retail establishment that displays the VISA logo.
To report your Debit MasterCard® or ATM Card lost or stolen, please call 781-784-7725 or 1-877-661-3300 during business hours. After business hours please call 1-800-264-5578.
To report your Sharon Credit Union VISA® Credit Card lost or stolen call 1-877-875-8078.
Financial Literacy Questions
To establish good credit, you need a steady work record and continued residence at the same address. If you do not have a checking account, open one and be careful not to bounce checks. Read more about establishing good credit here.
As a member of Sharon Credit Union you have free access to GreenPath’s financial experts to guide you through life’s financial challenges. GreenPath is a non-profit company that equips people with knowledge and tools to lead financially healthy lives. They will take a look at your financial picture to understand your financial situation and goals, and they will develop a personalized budget for you.
Cosigners lend their names and good credit histories to the maker. Should the maker die, lose a job, or otherwise fail to make payments, all responsibility for meeting the terms of the loan transfers to the cosigner. An often-overlooked aspect of cosigning a loan is the fact that the loan appears on both the maker's and cosigner's credit reports.
It might be tempting to view your 401(k) as a source of emergency funds, but before you dip into your retirement account for cash, explore alternatives. Our partner, Greenpath Financial Wellness, would be a great place to start if you are facing financial challenges and are in need of guidance from financial experts.
General Product and Service Questions
Yes. Please see all of our Financial Planning services here: https://www.sharoncu.com/financial-services/financial-product-page/#investing
Yes. No matter where you are you may bank on the go with SCU Mobile Banking. Our mobile banking solutions include our Mobile Apps for Apple, Android and Kindle Fire products, as well as mobile text banking, mobile web banking and mobile check deposit. With the SCU Mobile App you can view account balances, pay bills, transfer funds, deposit checks and locate an ATM or branch.
Yes*. With our free Bill Payer service you can pay an unlimited number of bills each month for free quickly and easily through the Online Banking platform. Electronic payments reach payees in 3 business days. Expedited bill payment is available for a fee of $5.00 for electronic payments and $25.00 for check payments. There is a $25.00 fee for stop payment of a bill payer check and a $5.00 fee for a copy of a bill payer check.
*(There is a $5.00 monthly fee for MyBasic Business Checking.)
The fastest and easiest way to reorder checks is online. Click here to reorder.
Checks can also be reordered through Online Teller, by phone at 877-661-3300, or by visiting one of our branch locations.
To cancel a payment, locate the payment you want to cancel in the “Scheduled payments” section on the right hand side of the main payments page and click its corresponding “Delete” or “Cancel” icon.
You will be prompted to confirm your request to cancel the payment.
Click the “Yes, Cancel Payment” button.
Note: If the payment you are canceling is part of a recurring payment rule, you will be asked if you would like to cancel just the single payment, or the entire recurring payment rule.
To add a new payee type the name of the person or company in the “Need to pay someone new?” field at the top of the main bill pay page and click Add.
Fill out the form, click the Add payee button and you are ready to make a payment.
Note: If you don't have any payees set up, or just a few, we will suggest some common payees at the bottom of the page. If you see your payee there, click their name to begin the add payee process.
You can sign up for eStatements by calling us at 877-661-3300 or by visiting one of our branch locations.
After depositing a check remotely we recommend retaining the check for a minimum of three (3) business days after the deposit is credited to your account and it appears in your transaction register in Online Teller. Then, destroy the original check by shredding.
You will receive an email indicating your deposit has been accepted, held for review or rejected. To avoid duplicates, please do not resubmit a deposit unless you receive an email indicating further action is necessary.
If your check has been held for review then we have successfully received your check and it will be deposited once your check has been reviewed. Please save the check until the funds have been deposited successfully into your account. All deposited checks are subject to review.
Remote Deposit Capture is a fast, secure and best of all, free*, way to deposit checks 24/7 wherever you are. With the SCU Mobile App, simply snap a photo of the front and back of your endorsed check, and it will be deposited into your personal or business checking account at Sharon Credit Union.
*(There is a $5.00 monthly fee for MyBasic Business Checking.)
Sharon Credit Union Mobile Check Deposit can process checks payable in U.S. dollars and drawn on any U.S. bank.
Online Teller, Mobile Banking including our SCU Mobile Apps for Apple, Android and Kindle Fire devices, Mobile Web Banking, eStatements, eNotices, Bill Payer, Debit Purchase Rewards, and Remote Deposit Capture.
Share Savings, SCU Direct Savings Account, Holiday Club Savings, Money Market Savings Account, IRA Certificates & IRA Savings Accounts, Certificate of Deposit, Smart Saver Kids Club, Next Generation Program and Business Savings.
Checks not drawn on U.S. banks and/or not U.S. funds. In this case, please visit one of our branch locations.
In most cases, funds from approved deposits are available immediately. If your deposit is held for review and you submitted it before 2 p.m. EST on a business day, the check will be processed that same day. All deposits are subject to the Sharon Credit Union Funds Availability Policy. Deposits are subject to verification.
The full balance of your holiday club funds will be transferred to your share account at the beginning of November, just in time for the expenses of the holiday season.
There are laws determined by the Federal Reserve’s Board of Governors, called Reserve Requirements, which govern how much cash a financial institution must hold in reserve against the accounts at that institution. The portion of federal regulations that contain these rules is called Regulation D. Under Regulation D, the rules vary for transaction and non-transaction accounts. With non-transaction accounts, the account holder is limited to making no more than six “convenient” transfers or withdrawals per month. These “convenient” transfers include preauthorized automatic transfers, transfers and withdrawals requested by phone, fax or made online, checks written to third parties and debit card transactions. If a depositor tries to exceed the six-per-month transaction limit, the financial institution is required to refuse transfer privileges or convert the account into a transaction account. Less convenient transactions, however, are unlimited. This includes transactions made in person, by mail or at an ATM, and phone withdrawals requesting a check mailed to the account holder. For more information: https://www.sharoncu.com/scup/regulation-d-how-does-it-affect-me/.
Home Banking Questions
You can log in to Online Banking from our website, sharoncu.com or the SCU mobile app. You will need your user ID and password to log in.
Call us at 781-784-7725 or toll free at 877-661-3300 or visit one of our branch locations.
Call us at 781-784-7725 or toll free at 877-661-3300, email us at firstname.lastname@example.org, or visit one of our branch locations for assistance.
Loan and Credit Questions
An unsecured personal loan is a loan without material collateral such as a car or home. The maximum amount you can borrow is $10,000 and the minimum is $300. You can use this loan for just about any purpose. Click here to apply online for an unsecured personal loan.
The easiest way to pay your loan at Sharon Credit Union is through Online Teller. A transfer of funds can be made directly from your checking or savings to your loan. You can also pay your loan in person at one of our branch locations, by calling us at 781-784-7725 or toll free at 877-661-3300, or by mailing to:
Sharon Credit Union
30 Pond Street
Sharon, MA 02067
No. The credit bureau does not allow us to give out copies of the report. You can request a free copy of your credit report by visiting AnnualCreditReport.com.
You do not have to be a member at the time of application, but you will have to become a member to sign for the loan you applied for, if approved.
Yes. Sharon Credit Union offers Fixed Rate and Adjustable Rate First Mortgages for Purchases and Refinances. Learn about our mortgage products here.
Sharon Credit Union offers Commercial Real Estate Loans, Secured Commercial Term Loans, Secured Lines of Credit and Commercial Vehicle Loans. For more information on all our Commercial Lending Solution, contact:
Chief Lending Officer
No. At this time Sharon Credit Union does not offer private student loans. We may be able to assist you with other lending options. For more information, please speak with one of our experienced loan offers by calling 877-661-3300 during our regular business hours.
You can apply for a loan at any time here. You can also apply by visiting any one of our branch locations or by calling 781-784-7725.
The federal government requires that each of the three national credit-reporting agencies—Experian, Equifax, and TransUnion—gives you a free credit report every year. You can request a free copy of your credit report by visiting annualcreditreport.com. According to the Federal Trade Commission, the only authorized online source is at annualcreditreport.com. Consumers should be aware that there are many sites out there that claim to offer “free” credit reports but often charge you for another product if you accept the report.
To request your credit report by phone, call (877) 322–8228. To request your credit report by mail, write to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. Do not contact the individual credit-reporting agencies.
The federal government requires that each of the three national credit-reporting agencies, Experian, Equifax, and TransUnion, give you a free credit report every year. Therefore, you should consider staggering the receipt of each of your credit reports. That way, you'll get a continuous picture of how your credit picture looks, because the three bureaus feed each other the latest information. You’ll also be able to clean up errors as you find them (because errors can drag down a credit score) and you’ll also keep an eye on identity theft.
Fixed Rate Mortgages allow you to lock in a rate and payment for the term of your mortgage. If you plan to stay in your home for 10 years or more and/or prefer to have fixed, consistent payments then a Fixed Rate Mortgage may be beneficial to you.
Adjustable Rate Mortgages offer a lower initial rate subject to adjustment after the fixed term. This type of mortgage would be beneficial to you if you only plan to stay in your home for a few years. This would also be a better option for you if you prefer to get a low monthly rate at the beginning of your loan.
You will meet with a Closing Attorney assigned by Sharon Credit Union. If a purchase, the seller, and his/her attorney may also be present. You may have also hired your own attorney to represent and guide you with the purchase process. The Seller will sign certain documents transferring property ownership. For a purchase and refinance, you will sign all legal documents relating to the loan transaction. The Closing Attorney will also make sure all fees and escrows are paid to the appropriate parties. You may be required to bring certified bank funds to the closing for closing costs or in certain refinance transactions, receive funds post-closing after the required waiting period. Copies of all documents signed by you will be provided by the Closing Attorney.
When applying for a mortgage you will need:
- Copies of most recent pay stubs for each applicant, reflecting a minimum of 30 days of income.
- Names/addresses of current employer(s) for most recent two years.
- W-2s for most recent two years.
- Two years of most recent tax returns, if required (for example: rental income or property is second home)
- Bank statements for last two months
- If self-employed, signed year-to-date profit and loss statement and signed returns for last two years
- Social Security and Disability award letter, if applicable
- Child support or alimony receipts (12 month history)
- Separation or Divorce Agreement (if applicable)
- Information on debts you owe such as auto loans, student loans and credit cards, private loans
- For a Purchase - Copy of Offer to Purchase and/or copy of the fully executed Purchase and Sales Agreement
- For a Refinance - Copy of mortgage bill from current lender
Copy of first and subordinate lien bill(s) from current lender(s)
Copy of your Homeowner’s Insurance Declaration Page and Flood insurance (if applicable)
Condo- Condo Master Deed, Condominium documents (Trust) Completed Condo Questionnaire (provided by Sharon Credit Union.
We may ask for more information as your application is reviewed.
PMI is Private Mortgage Insurance. If your down payment is less than 20%, private mortgage insurance, or PMI is required. The policy protects the lender from losing money if you end up in foreclosure. PMI also is required if you refinance the mortgage with less than 20% equity.
We offer a variety of loans at Sharon Credit Union including, Mortgages, Home Equity, Vehicle Loans, Refinance Auto Loans, Mass Save HEAT Loan, Solar Loan, MassHousing Septic Repair Loans and Credit Cards. Learn about all of the loans we offer here.
The U.S. Treasury announced: As of January 1, 2012, paper bonds will no longer be sold at financial institutions. This supports the Treasury’s goal to increase the number of electronic transactions with citizens and businesses.
To find out more about U.S. Savings Bonds check out their website for the latest information, rates, bond value charts, and complete details on how to save for college with U.S. Savings Bonds.
Sharon Credit Union does not cash savings bonds.
Sharon Credit Union has partnered with eZforex.com, the nation’s leading broker for foreign currency exchange. Members can now purchase currency for any one of 125 foreign countries, at the best exchange rates available, either on-line through our web site or in any one of our convenient branch offices. Use the link below to order on-line.
Sharon Credit Union offers safe deposit boxes and safety storage lockers in our Sharon, Walpole and North Attleboro branches for the storage of our members’ valuables.
Yes. We offer a selection of Business Checking and Business Savings products. Learn about our business accounts here.
Yes. Notary Public is another service that Sharon Credit Union offers FREE to our members. Certified staff can witness the signing of important documents. Ask any member service representative.
Yes. The Credit Union offers official checks and moneys orders. One of either Free per day, then $3.00 for each after.
Any current openings at Sharon Credit Union can be found here.
Sharon Credit Union does not offer travelers checks.
Yes. When wiring funds to your account at Sharon Credit Union provide sending institution information as follows:
Receiver: EasCorp, Burlington MA ABA# 211391773
Beneficiary: Sharon Credit Union ABA # 211385556
Provide sending institution your Sharon Credit Union Member Name and Account
The outgoing domestic wire fee is $25.00. The outgoing international wire fee is $50.00. The incoming wire fee is $10.00.
Members may change their address by updating this information within Online Teller or by visiting one of our branch locations. Alternatively, a member may put this request in writing or send us an email from their email address currently on file with us, requesting that this information be updated so long as the request is signed by the member.
Credit unions are non-profit and exist to help people, not to make a profit. As such, all earnings are returned to their members in the form of high-interest savings and low rate loans. A volunteer board of directors, elected by the members, governs a credit union. With their vote, each member has a direct impact on the direction of the credit union. Also, "people helping people" is the credit union philosophy. A credit union's goal is to serve all of their members equally and provide charitable contributions to their community. Credit unions are owned by their members. Each member gets one vote and an equal say in how the credit union is run.
You can stop payment on a check by calling us at 877-661-3300 or by visiting us at one of our branch locations. You will need the check number, the date the check was written, the amount of the check, and the name of the payee. There is a $25.00 fee for stop payment on a check. The stop payment may be placed as long as the check has not cleared the account.
A member under the age of 18 is not eligible to sign for a loan and would also not be eligible for Overdraft Privilege Service. However, a member under the age of 18 can use Overdraft Transfer and can have a Debit MasterCard as long as the parent is joint on the account. A member under the age of 18 is not eligible to open their own credit card, however, they may be an authorized signer on a parent/guardian's credit card.
Your money is insured by the National Credit Union Administration (NCUA), an independent agency of the United States Government. Your savings is federally insured up to $250,000 and backed by the full faith and credit of the United States Government.
The shares and deposits of the credit union in excess of NCUA limits are fully insured by the Massachusetts Credit Union Share Insurance Corporation (MSIC).
Roth IRA Questions
Yes, you can maintain both types of IRAs at the same time. You can even make contributions to both types of IRAs in the same year. But your contributions to both Roth and traditional IRAs cannot exceed the maximum contribution limit for all IRAs.
There are limits on the amount of income one can make during a given year—and the limits change from year to year. Please visit the IRS website for details.
Yes, you can rollover your 401(k) plan into a Traditional IRA. Contact Member Service for assistance in processing a Direct Rollover. A statement of your 401(k) plan should be provided.
A Roth IRA is an individual retirement account created by the Taxpayer Relief Act of 1997. Roth IRA accounts are traditionally used as retirement savings accounts. They allow limited contributions to be made throughout the tax year and can be withdrawn within 5 years after establishing the account provided you are aged 59 1/2 or older.
Those who work for a living can contribute to a Roth IRA account. The income must be derived from actual work efforts and compensation in the form of wages, tips, salaries, bonuses and professional fees.
Yes, you will earn interest on the funds that are on deposit at the credit union in your Roth IRA. Click here to view Roth IRA rates.
No. The amount you contribute to your 401(k) or other employer-sponsored plans will not be affected by your Roth IRA.
Vishing is the telephone equivalent of phishing. Vishing is the act of using the telephone in an attempt to scam the user into surrendering private information that will be used for identity theft. The scammer usually pretends to be a legitimate business, and fools the victim into thinking he or she will profit. “Phishing” is a popular form of fraud that uses deception to get personal information from targeted individuals. Information that is “phished” includes:
- Credit or debit card information, including account numbers and expiration dates
- Social Security numbers
- Deposit account numbers
- User names and passwords
Phishing scams can be difficult to detect because the fraudsters present themselves as agents of a financial institution. Please keep in mind that neither Sharon Credit Union, nor any other legitimate financial institution, will ever ask you to divulge this information over the phone or through an email.
Here are some tips to avoid phishing scams:
- Do not reply to emails or internet pop-up messages that ask for personal or financial information
- Do not click any links contained within an email that you believe to be suspicious
- If you receive a suspicious email or phone call, check the validity of the message by contacting the business using a phone number you know is real
- Do not send personal or financial information in an email or email attachment
Be wary of any email or phone call that:
- Tells you there is a problem with your account
- Asks you to provide sensitive information
- Does not include a phone number that you recognize to be genuine
Smishing is like phishing except the request for information comes as a text (SMS+phishing=smishing). Beware of phony account alerts on your cell phone. One example might be: “Your bank account has been accessed. Click here to validate transaction.” Clicking the link sends personal information to the malefactor. If a phone number is provided for you to call, don’t assume you are calling your bank. Verify the number before calling.
- Don’t reply, respond, or click on links in suspect text messages
- Call a verified phone number related to your account
- Delete suspicious text messages
- Never share your cell phone number on social media
If you think you have been a victim of identity theft, contact Sharon Credit Union immediately at 781-784-7725 to alert us to a potential fraud. If you have released your information to a suspicious source, you should also contact the three major credit bureaus to request a fraud alert be placed on your credit report.
Equifax: 1-800-685-1111 Experian: 1-888-397-3742 TransUnion: 1-800-888-4213
To place a fraud alert with the Federal Trade Commission (FTC), please call their toll free number: 1-877-ID-THEFT (1-877-438-4338).
For helpful resources regarding various identity theft topics visit the FTC’s Identity Theft page.
If you have any questions about phishing or any other financial security topics, feel free to call Sharon Credit Union Member Service at 781-784-7725.
If your wallet has been lost or stolen, take the following actions:
- Call the three major credit reporting agencies (Equifax: 1-800-685-1111, Experian: 1-888-397-3742 and Trans Union: 1-800-888-4213) and ask them to immediately place a Fraud Alert on your name and Social Security number. The alert means any company that checks your credit knows your information was stolen and they have to contact you by phone to authorize new credit.
- Notify the SSN national fraud hotline at 1-800-269-0271.
- To report your Debit MasterCard® or ATM Card lost or stolen, please call us at 781-784-7725 or (toll free) 1-877-661-3300 during business hours. After business hours please call 1-800-264-5578.
- To report your Sharon Credit Union VISA® Credit Card lost or stolen call 1-877-875-8078.
- File a police report the same day, if at all possible, in the jurisdiction where your wallet was stolen.