Charlene Faselle Email

SVP Credit Administration Officer . Windsor Federal Savings

Current Roles

Employees:
95
Revenue:
$19.9M
About
Windsor Federal Savings provides a wide range of banking services designed to provide the maximum convenience to our business clients such as: Free Online Banking - Transform your computer into a full-service banking facility with our Business Internet Banking System - a sophisticated and flexible funds management system that lets you handle transactions from any desktop. Security and privacy is always assured. Use "WinOnLine" to obtain account balances or review account transaction activity on your business checking, savings, certificate of deposit or loan accounts. Access front and back images of paid checks and even elect to access your monthly statement electronically. In addition, this System enables you to transfer funds between checking, statement savings and money market accounts or transfer funds to make a Windsor Federal Savings loan payment. Electronic Statements - Choose to access your monthly statements electronically instead of receiving a paper statement and you will have 24/7 online access to a minimum of 30 months of account statements accompanied by front and back images of all paid checks. Monthly Statements - Business account statements are generated at the end of each month and are pre-punched for easy organized storage in a three ring binder. Check images will be enclosed with your monthly statement and provided to you in numerical order, which will eliminate the need to sort checks before balancing your checkbook. In addition, the date the check was paid, the check number and the amount paid will be printed below each check image. We are also able to combine all of your account statements (checking, savings, money market and CD) and send you a single monthly statement. Overdraft Protection - Overdraft protection is available to automatically transfer funds from your statement savings or money market account to your checking account in order to pay checks that are presented for payment without sufficient funds. The total amount necessary to cover all items for the day is transferred to your checking account and a $5.00 overdraft protection service charge is applied to your statement savings or money market account. MasterMoney Debit/ATM Card - Our MasterMoney Debit/ATM Card provides you with 24 hour, instant access to the funds in your account at any ATM or retail establishment displaying the MasterCard, NYCE® or Cirrus® logo including unlimited free NYCE® point of sale transactions. In addition, because the Bank is a member of the SUM Program, you will also be entitled to surcharge fee ATM use at hundreds of locations throughout the Northeast displaying the SUM logo. The MasterMoney Debit/ATM Card also enables you to access your account to make purchases at any location where MasterCard® is accepted. The business or organization can authorize the Bank to provide cards to any authorized signer on the account as well as to other employees of the business or members of the organization and can specify the purchase limit and/or daily ATM withdrawal limit for each card. All accounts receive unlimited free withdrawals at ATMs owned by Windsor Federal Savings. Free unlimited NYCE® point of sale transactions for Commercial "Earnings Credit", Business Advantage, Business Interest, Non-Profit and "Totally Free" Business Checking Accounts. Free ATM withdrawals (4) per statement cycle at ATMs owned by others for Commercial "Earnings Credit", Business Advantage, Business Interest, Non-Profit and "Totally Free" Business Checking Accounts.2 Free 24-Hour Telephone Banking - Use our toll-free Telephone Banking System to access information on all of your business checking, savings, certificate of deposit and loan accounts. In addition, this system enables you to transfer funds between checking, statement savings and money market accounts or transfer funds to make a loan payment. Interest Bearing "Sweep" Accounts - If you regularly have substantial non-interest earning balances in a business checking account, you can benefit from our "Repo/Sweep" automatic cash management service. With our "Repo/Sweep" service, if your Commercial "Earnings Credit" Checking Account reaches an established target collected balance, the excess funds are automatically swept on a daily basis out of your checking account and into an interest bearing and collateralized "Sweep" account. The "Sweep" account is not FDIC insured but rather, the balances in these accounts are 100% collateralized by Windsor Federal Savings' assignment of securities that are the direct obligation of, or the principal and interest of which are fully guaranteed by the United States, one of its agencies or one of its government-sponsored enterprises. Funds are automatically swept back into the business checking account when needed to maintain the target balance and pay items being presented for payment. Your target balance, or non-interest balance, in the checking account is set at an amount which approximates the balance necessary to offset monthly activity charges on the checking account. Although it does not earn interest, the target balance uses an earning credit to avoid service charges. Your target balance is computed based on estimated account activity and may change from time to time due to a change in account activity or a change in the earnings credit rate. Zero Balance Accounts (ZBA) - Zero Balance Accounts help you to concentrate account balances thus enabling you to optimize the investment of your funds while at the same time, managing multiple accounts with ease and efficiency. Through a Commercial "Earnings Credit" Checking Account (master or control account), we can help you manage subsidiary accounts and concentrate deposits and fund disbursements without monitoring multiple accounts and performing multiple banking transactions. Each individual checking account (such as payroll or operating expense accounts) keeps a zero balance. All deposits made into them are transferred automatically to a single master account and all items presented for payment are paid with a free automatic transfer from the master account. Accounts of businesses or organizations with substantial incoming or outgoing coin or currency as determined by the Bank will be established or may be reclassified in the future as Commercial "Earnings Credit" Checking Accounts. Fees associated with transactions performed at ATMs owned by others may apply. Items presented against unavailable funds will incur an uncollected funds service charge. Other Business Services Business Statement Savings Accounts Business Money Market Accounts Online Business Cash Management Services User Authorizations ACH Origination Wire Origination Automated Stop Payments Remote Deposit Capture Lock Box Services Coin and Currency Services Night Deposit Access Disposable Plastic Deposit Bags Wire Transfers - Domestic and International Treasury Tax and Loan Payments Money Orders, Treasurer's Checks Certified Checks Medallion Signature Guarantee (STAMP program) Check, Deposit Ticket and Deposit Stamp Ordering Commercial Real Estate Loans Builder Construction Financing Business Term Loans and Lines of Credit Small Business Administration (SBA) Loans Letters of Credit Equal Housing Lender
Windsor Federal Savings Address
250 Broad Street
Windsor, CT
United States
Windsor Federal Savings Email

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