Effective
July 2007
The following fees may be assessed against your account and the
following transaction limitations, if any, applied to your account.
| Share
Savings |
Early Christmas Club WIthdrawal fee:
|
$10 per withdrawal |
Excessive Withdrawal fee from Savings:
|
$5 per withdrawal after 4 in a quarter |
Excessive Withdrawal fee from Money Market:
|
$10 per withdrawal after 4 in a quarter |
| Share Draft Checking |
Monthly
service charge fee:
|
$5 for all members under the age of 50
(No fee on accounts with direct deposit) |
Microfilm copy of check fee: |
$3.50 per check |
Check printing fee: |
Pricing depends upon style |
NSF fee: |
$35 per item |
Stop Payment fee: |
$30 per request |
Overdraft fee: |
$2.00 |
| Other Services |
Account Reconciliation fee:
|
$10 per hour |
Account Research fee:
|
$10 per hour |
Deposited Item Return fee:
|
$35 per item |
| Membership |
Membership fee: |
$5 one time fee |
Membership Share: |
$25 per value |
| Loans |
Credit Bureau fee for Individuals: |
$10 per loan application |
Credit Bureau fee for Joint Applicants: |
$15 per loan application |
| Debit Card |
Replacement Card fee: |
$10.00 |
| PIN Replacement Fee: |
$10.00 |
Withdrawal fee: |
$1 per use |
TRUTH-IN-SAVINGS
ACCOUNT DISCLOSURES
Except as specifically
described, the following disclosures apply to all of the accounts.
- 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 the frequency of compounding for an annual
period. For all accounts, the Dividend Rate and Annual Percentage
Yield may change at any time as determined by the Credit Union’s
Board of Directors.
- Nature of
Dividends. Dividends are paid from current income and available
earnings after required transfers to reserves at the end of the
dividend period.
- 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
Rates and Annual Percentage Yields are the rates and yields as
of the last dividend declaration date which is set forth in the
Rate Schedule.
- 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. For all accounts, if you close your
account before accrued dividends are credited, accrued dividends
will not be paid.
- Balance
Information. The minimum balance requirement applicable to each
account are set forth in the Rate Schedule. For Share Savings
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 principal in the account for each day of the
period and dividing that figure by the number of days in the period.
- Account
limitations. For Share Savings accounts, no more than six (6) preauthorized,
automatic, or telephone transfers may be made from these accounts
to another account of yours or to a third party in any month,
and no more than three (3) of these six (6) transfers may be made
by check, draft. or debit card to a third party. If you exceed
these limitations, your account may be subject to a fee or be
closed. For Share Draft, Share-IRA, and Christmas Club accounts,
no account limitations apply.
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