| Share
Account Fees |
| Share
Account Excessive Withdrawal Fee |
$5.00
per withdrawal after two (2) per month |
| Share
Statement Copy Fee |
$2.50
per quarter |
| Share
Dormant Fee |
$5.00
per month if no monetary activity for sixty (60)
months |
| Share
Reopening Fee |
$15.00
per account to reopen within six (6) months of closing |
| Holiday
Club |
$25.00
if withdrawn before November 1st and after December
31st of the calendar year |
| Early
Withdrawal Fee |
$25.00
if more than two (2) withdrawals between June of
one year until June of the following year or any
withdrawal before withdrawal period |
| Savasaurus
Account |
$25.00
per withdrawal after (1) withdrawal per month |
| Checking
Account Fees |
| Deposited
Item Returned Fee |
$30.00
per item |
| NSF
(non-sufficient funds) Fee |
$30.00
per item |
| Returned
Item Fee |
$30.00
per item |
| Stop
Payment Fee |
$30.00
per item |
| Share
Draft Monthly Fee (no direct deposit) |
$7.00
per month |
| Share
Draft Copy Fee |
$2.50
per draft |
| Statement
Copy Fee |
$2.50
per month |
| Debit
Card Annual Fee |
$5.00
per month |
| Debit
Card Replacement Fee |
$5.00
per card |
| Other
Service Fees (applicable to all accounts) |
| Account
Reconciliation Fee |
$10.00
per hour |
| Account
Research Fee |
$10.00
per hour |
| Statement
Copy Fee |
$2.50
per month |
| ACH
or Electronic Transmittal NSF Fee |
$30.00
per item |
| Wire
– USA Only (outgoing) Fee |
$25.00
per transfer |
| Travelers
Check Fee |
$1.25
per $25 |
| Inactive
Account Fee |
$20.00
for accounts below par value |
| Overdraft
Fee from Share/Loan |
$4.00
per item |
| ATM
Card Replacement Fee |
$5.00
per card |
| Return
Mail Fee |
$5.00
monthly |
| ATM Withdrawal Fee |
$1.00 per transaction after 6 free per month |
| Dormant Account Fee |
$5.00
per month - $60 maximum fee |
Check
Cashing Services |
If
you do not have a share draft account with the
Credit Union and your savings balance is less
than $100, the following fees apply:
$0.00
to $1,000.00 – $5.00 fee
$1,000.00 and over – $10.00 fee
|
| Loan
Services |
| Loan
Processing Fee |
$15.00
per application |
| Appraisal
Fee (mortgage loans) |
$350.00
per application (average cost) |
IMPORTANT
INFORMATION ABOUT PROCEDURES FOR OPENING A NEW
ACCOUNT
To
help the government fight the funding of terrorism
and money-laundering activities, Federal law requires
all financial institutions to obtain, verify and
record information that identifies each person
who opens an account.
What
this means for you: When you open an account,
we will ask you for your name, address, date of
birth, and other information that will allow us
to identify you. We may also ask to see your driver's
license or other identifying documents. |
1.
Rate Information. The Annual Percentage Yield
is a percentage rate that reflects the total amount
of dividends to be paid on an account based on the
dividend rate and frequency of compounding for an
annual period. For all accounts, the Dividend Rate
and Annual Percentage Yield may change monthly as
determined by the Credit Union's Board of Directors.
The Dividend Rates and Annual Percentage Yields are
the prospective rates and yields that the Credit Union
anticipates paying for the applicable dividend period.
2.
Nature of Dividends. Dividends are paid from
current income and available earnings after required
transfers to reserves at the end of the dividend period.
3.
Dividend Compounding and Crediting. The compounding
and crediting of dividends and dividend period applicable
to each account are set forth in the Rate Schedule.
The Dividend Period is the period of time at the end
of which an account earns dividend credit. The Dividend
Period begins on the first calendar day of the period
and ends on the last calendar day of the period.
4.
Accrual of Dividends. For all accounts, dividends
will begin to accrue on noncash deposits (e.g. checks)
on the business day you make the deposit to your account.
Shares to the other account, i.e. Holiday Club, Vacation Club, IRA Money Market and Sharedraft
Checking accounts, if you close your account before
accrued dividends are credited, accrued dividends
will not be paid.
5.
Balance Information. The minimum balance
requirements applicable to each account are set forth
in the Rate Schedule. For all accounts, there is a
minimum average daily balance required to obtain the
Annual Percentage Yield for the dividend period. If
the minimum average daily balance is not met, you
will not earn the stated Annual Percentage Yield.
For all accounts using an Average Daily Balance method,
dividends are calculated by applying a periodic rate
to the average daily balance in the account for the
period. The average daily balance is determined by
adding the full amount of the principal in the account
for each day of the period and dividing that figure
by the number of days in the period.
6.
Account Limitations. For a Christmas Club
account, you may withdraw one time from November 1
through December 31 without a fee. Each withdrawal
made before November 1 and after December 31 will
be charged a fee of $25. For Share accounts, after
2 withdrawals per month a $5.00 fee will be imposed.
For Vacation Club accounts, after 2 withdrawals per
year a fee will be imposed. For IRA and Sharedraft
Checking accounts, no account limitations apply.
