Liberty Bay's Routing Number: 211081216

What's a credit union?
Like Liberty Bay Credit Union, all credit unions are cooperative, not-for-profit financial institutions organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit. Discover the Credit Union Difference at www.findacu.org.
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Who owns a credit union?
Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn't operate in that manner. Rather, each credit union member owns one "share" of the organization. The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.
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How did credit unions start?
The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire. There, the St. Mary's Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.
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What is the purpose of a credit union?
The primary purpose in furthering their goal of service is to encourage members to save money. Another purpose is to offer loans to members. In fact, credit unions have traditionally made loans to people of ordinary means. Credit unions can charge lower rates for loans (as well as pay higher dividends on shares) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.
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Who can join a credit union?
A credit union exists to serve a specific group of people, such as a group of employees or the members of a professional or religious group. This is called a "field of membership." The field of membership may include where they live, where they work, or their membership in a social or economic group.
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I'm moving to another state; do I have to close my Liberty Bay accounts?
No! If you transfer to another job, move out of the state, or retire, you may retain your membership at Liberty Bay Credit Union and continue to enjoy all the benefits as long as you are a member in good standing. Our "once a member, always a member" policy applies to everyone who joins the credit union.
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Are share deposits insured?
Yes. All share accounts are insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. In addition to federal insurance, members' deposits in excess of $250,000 are insured in full by the Massachusetts Share Insurance Corporation (MSIC).
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What is the difference between my Liberty Bay credit card and my Debit MasterCard?
Purchases made with your Liberty Bay Credit Union Debit MasterCard are deducted automatically from your share draft account. It works just like a check, only faster and without the hassle. Better yet, since your Debit MasterCard is not a credit card, there are no finance charges or high interest rates.
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What is an ATM surcharge?
In the past when you used an ATM not belonging to your bank, you may have been charged a fee by your bank. Today, a new trend has some larger banks charging visiting members for use of their ATM machines. This charge is normally from $1 to $3 and appears as part of your withdrawal (i.e., a $20 withdrawal appears as $21 on your receipt). You have a right to terminate such transactions and avoid these charges.
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What is Direct Deposit?
Direct deposit allows you to have your net pay or pension deposited directly into a Liberty Bay Credit Union Share or Share Draft Account. Plus, it gives you the added bonus of share draft without service charges and no minimum balance. It's fast, safe, and reliable.

If you sign up for direct deposit, all network ATM transactions are free of Liberty Bay Credit Union fees. For members who do not direct deposit into a Liberty Bay Credit Union checking account, the first five (5) transactions at network ATM locations each month are free of Liberty Bay CU fees.
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What does ACH mean?
ACH stands for Automatic Clearing House. This code means your payment was electronically transferred to the party requested and has cleared your account.
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Why does it say ADJUST in my checking/savings account?
An ADJUST is an amount of money being withdrawn/deposited to your account. If you see ADJUST in your account history, it could be caused by either an incorrect number or a format issue. To correct this problem, all you need to do when setting up an automatic debit/credit is to give the Liberty Bay Credit Union Routing/ABA/Transit number and your FIVE DIGIT account number. To locate the routing number and your five digit account number, see the bottom of your checks 74111(12345)235, or contact a member services representative to help you with the correct information. If you have a NOW account (2), you may need to have the format of your checking account fixed.
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How do I get a pin access code for Liberty Bay Credit Union's Home Banking and Bill Payment?
Your pin access code is your MONEYLINE access code. If you do not currently have a MONEYLINE access code, please contact us at 617-439-6500 and we would be happy to assist you in getting one.
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How do I apply for Bill Payment?
After accessing your account on Home Banking, select Billpay from the menu bar and click on account set up. You must read our Online Disclosure Document. If you accept the disclosure you must then fill out the Online Bill Payment application and submit it to us. We will reply to the e-mail address that you supplied on the application.
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Have a question we can answer?
Do you have a good question for our FAQ page? Or, just have a good question? We would be happy to help! Please use our Inquiry Form to send us a message, or call 617-439-6500.
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