Checking, Savings and Certificates Rates
Effective Date: January 1, 2020
| Account | Dividend Rate | APY 1 | Min. Opening Balance | Min. Avg. Daily Balance to Avoid Fee | Dividend Compounded & Credited | Dividend Period |
|---|---|---|---|---|---|---|
| Carefree Checking | NA | NA | $0.01 | NA | NA | NA |
| First Checking Plus | 0.05% | 0.05% | $0.01 | NA | Monthly | Monthly |
| Start Up Checking 2 | 0.10% | 0.10% | $0.01 | NA | Monthly | Monthly |
| Dividend Rewards Checking (Qualified Rate) 3 | ||||||
| $0.01 - $15,000.00 | 1.98% | 2.00% | $0.01 | NA | Monthly | Monthly |
| $15,000.01 + | 0.20% | 0.20% | $0.01 | NA | Monthly | Monthly |
| Dividend Rewards Checking (Non-Qualified Rate) 3 | 0.05% | 0.05% | $0.01 | NA | Monthly | Monthly |
| HSA Checking | 1.00% | 1.00% | $0.01 | NA | Monthly | Monthly |
|
Select the Checking account you want to open.
|
||||||
Effective Date: January 1, 2020
| Account | Dividend Rate | APY | Min. Opening Balance | Min. Avg. Daily Balance to Avoid Fee | Dividend Compounded & Credited | Dividend Period |
|---|---|---|---|---|---|---|
| Membership Savings | 0.05% | 0.05% | $5.00 | NA | Monthly | Monthly |
| Carefree Savings | 0.10% | 0.10% | $0.01 | NA | Monthly | Monthly |
| Start Up Savings 4 | ||||||
| $0.01 - $999.99 | 4.89% | 5.00% | $0.01 | NA | Monthly | Monthly |
| $1,000.00 + | 0.10% | 0.10% | $0.01 | NA | Monthly | Monthly |
| Instant Access Savings | ||||||
| $0.01 - $2,499.99 | 0.05% | 0.05% | $5,000.00 | NA | Monthly | Monthly |
| $2,500 - $9,999.99 | 0.50% | 0.50% | $5,000.00 | NA | Monthly | Monthly |
| $10,000 - $24,999.99 | 0.50% | 0.50% | $5,000.00 | NA | Monthly | Monthly |
| $25,000 - $99,999.99 | 0.75% | 0.75% | $5,000.00 | NA | Monthly | Monthly |
| $100,000 - $249,999.99 | 0.75% | 0.75% | $5,000.00 | NA | Monthly | Monthly |
| $250,000 - $499,999.99 | 1.00% | 1.00% | $5,000.00 | NA | Monthly | Monthly |
| $500,000 - $749,999.99 | 1.00% | 1.00% | $5,000.00 | NA | Monthly | Monthly |
| $750,000 + | 1.00% | 1.00% | $5,000.00 | NA | Monthly | Monthly |
|
Select the Savings account you want to open.
|
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Effective Date: January 1, 2020
| Term | APY 1 | Dividend Rate | Term | APY 1 | Dividend Rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Select the Share Certificates account you want to open.
|
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Effective Date: January 1, 2020
| Term | APY 1 | Dividend Rate | Term | APY 1 | Dividend Rate | ||||||||||||||||||||||||||||||||||||||||
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Select the Share Certificates account you want to open.
|
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Effective Date: January 1, 2020
| Account | Dividend Rate | APY 1 | Min. Opening Balance | Min. Avg. Daily Balance to Avoid Fee | Dividend Compounded & Credited | Dividend Period |
|---|---|---|---|---|---|---|
| Simple Business Checking | NA | NA | $100 | $1,000 | NA | NA |
| Business Dividend Checking | ||||||
| $0 - $9,999.99 | 0.05% | 0.05% | $100 | $5,000 | Monthly | Monthly |
| $10,000 - $24,999.99 | 0.05% | 0.05% | $100 | $5,000 | Monthly | Monthly |
| $25,000 - $49,999.99 | 0.05% | 0.05% | $100 | $5,000 | Monthly | Monthly |
| $50,000 - $99,999.99 | 0.10% | 0.10% | $100 | $5,000 | Monthly | Monthly |
| $100,000 + | 0.10% | 0.10% | $100 | $5,000 | Monthly | Monthly |
| Call 855.855.8805 | ||||||
Effective Date: January 1, 2020
| Account | Dividend Rate | APY 1 | Min. Opening Balance | Min. Avg. Daily Balance to Avoid Fee | Dividend Compounded & Credited | Dividend Period |
|---|---|---|---|---|---|---|
| Business Instant Access | ||||||
| $0.01 - $2,499.99 | 0.05% | 0.05% | $5,000 | $5,000 | Monthly | Monthly |
| $2,500 - $9,999.99 | 0.25% | 0.25% | $5,000 | $5,000 | Monthly | Monthly |
| $10,000 - $24,999.99 | 0.25% | 0.25% | $5,000 | $5,000 | Monthly | Monthly |
| $25,000 - $99,999.99 | 0.55% | 0.55% | $5,000 | $5,000 | Monthly | Monthly |
| $100,000 - $249,999.99 | 0.55% | 0.55% | $5,000 | $5,000 | Monthly | Monthly |
| $250,000 + | 0.80% | 0.80% | $5,000 | $5,000 | Monthly | Monthly |
| Call 855.855.8805 | ||||||
Effective Date: January 1, 2020
| Account | Dividend Rate | APY 1 | Min. Opening Balance | Min. Avg. Daily Balance to Avoid Fee | Dividend Compounded & Credited | Dividend Period |
|---|---|---|---|---|---|---|
| Business Membership Savings | 0.05% | 0.05% | $5.00 | NA | Monthly | Monthly |
| Simple Business Savings | 0.05% | 0.05% | $0.01 | NA | Monthly | Monthly |
| Call 855.855.8805 | ||||||
Effective Date: January 1, 2020
| Term | Min. Opening Balance | Dividend Rate | APY |
|---|---|---|---|
| Fixed | Fixed | ||
| 6-Month | $500.00 | 1.59% | 1.60% |
| 12-month | $500.00 | 1.88% | 1.90% |
| 13-Month Bump Up* | $500.00 | 1.83% | 1.85% |
| 24-Month | $500.00 | 2.03% | 2.05% |
| 36-Month | $500.00 | 2.13% | 2.15% |
| 60-Month | $500.00 | 2.18% | 2.20% |
| Subsequent Deposits | Not Allowed | Not Allowed | |
| Renewable | Automatic | Automatic | |
| Call 855.855.8805 | |||
1 = Annual Percentage Yield
2 = Start Up Checking accounts are available for all ages up to 17. A Parent/Guardian must be a Joint Owner on the account. The account will automatically convert to a First Checking Plus account when the owner turns 18 years old. Limit: One Start Up Checking Account per member.
3 = Dividend Rewards Checking. The dividend rate and the corresponding annual percentage yield (APY) on your account will be determined by whether or not account qualifications have been met per monthly cycle. Qualifications per monthly cycle are 12 debit card purchases, one direct deposit or ACH withdrawal and receipt of electronic statements. Qualifying transactions must post to the account prior to the last day of the month. Debit card purchases can take up to 3 days to post and are dependent on merchant processing times. If the requirements per qualification period are not met, the dividend rate and corresponding APY earned will be the non-qualified rate. Fees charged at U.S. ATMs will be refunded if account qualifications are met for the monthly cycle the fee was charged in.
4 = Start Up Savings Accounts are available for all ages up to 17. A Parent/Guardian must be a Joint Owner on the account. The account will automatically convert to a Carefree Savings account when the owner turns 18 years old. Limit: One Start Up Savings Account per member.
BUSINESS ACCOUNT DISCLOSURE
Business Savings, Business Checking, and Business Certificate Accounts
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.
Compounding and crediting: We compound and credit your dividends monthly.
Dividend period: For these account types, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same date pattern. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.
Minimum balance requirements:
We list the minimum balance required to open an account on our rate sheets.
Daily balance computation method: We calculate dividends using the daily balance method, which applies a daily periodic rate to your daily account balance.
Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account.
Transaction limitations:
Applies only to Business Savings accounts. As required by Federal Reserve Regulation D, you may not make more than six withdrawals or transfers to your credit union account or to a third party by means of a preauthorized or automatic transfers, overdraft, Online and Mobile Banking, telephone order or instructions during any statement period.
Bylaw requirements:
You must complete payment of one share in your Membership Savings account as a condition of your membership.
Nature of dividends: We pay dividends from current income and available earnings after reserve transfers at the end of a dividend period. This disclosure further explains the dividend feature of your non-term share account(s).
BUSINESS SHARE CERTIFICATES
Minimum balance requirements:
We list the minimum balance required to open an account on our rate sheets.
Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account.
Transaction limitations:
After the account is opened, you may not make additions into the account until the maturity date stated on the account (except as noted in the “Bump-Up Option Plan” section).
Rate Information: We list the dividend rate and annual percentage yield on your certificate account receipt and our business certificate rate sheet. We’ll pay you this rate until first maturity (except as noted in the “Bump-Up Option Plan” section).
Time requirements: Your account will mature on the date listed on your certificate account receipt and your monthly statement.
Early withdrawal penalties: (a penalty may be imposed for withdrawals before maturity) -
- In accordance with Federal Reserve Regulation D, withdrawals on share certificate accounts completed within the first six days of account opening or within six days immediately following the last partial withdrawal will be subject to an early withdrawal penalty of at least seven days simple interest. The penalty will be based on the amount of withdrawal.
- If your account has an original maturity of less than 12 months, only required Regulation D penalty will apply whether or not the interest has accrued. This may reduce the principal.
- If your account has an original maturity of between 12 and 24 months, your penalty will equal 180 days dividends and will apply whether or not the interest has accrued. This may reduce the principal.
- If your account has an original maturity of more than 24 months, your penalty will equal 270 days dividends and will apply whether or not the interest has accrued. This may reduce the principal.
- At our option, we may pay the account before maturity without imposing an early withdrawal penalty when an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
- Where the account is an Individual Retirement Account (IRA) and the depositor pays any portion within (7) days after establishment; provided that the depositor forfeits an amount at least equal to the simple dividends earned on the amount withdrawn.
- Where the account is a Traditional IRA and the owner has attained the age 59 1/2, or if the owner makes the withdrawal as the IRA holder's Required Minimum Distribution as required by the IRS.
Exceptions to Early Withdrawal Penalties:
Withdrawal of dividends prior to maturity: The annual percentage yield on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account: This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, dividends will not accrue after final maturity.
Renewal term: Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account.
Grace period: You will have a grace period of ten calendar days after maturity to withdraw funds without being charged an early withdrawal penalty. You’re also able to make additional deposits to the account during the grace period.
You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
You can only withdraw dividends credited in the term before maturity of that term without penalty.
You can withdraw dividends anytime during the term after they are credited to your account.
Nontransferable/Nonnegotiable: Certificate accounts are nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except with the Credit Union.
Bump-Up Share Certificate: You may make one additional deposit within each 12 months of the current term or once per term for Bump Up products with a term less than 24 months. The maximum amount you can deposit is up to the original amount of the certificate at the start of the current term.
*Bump-Up Option Plan and Rate Information (variable rate account): If your account has the bump-up rate feature, we list the dividend rate and annual percentage yield of your bump-up share certificate account on your certificate account receipt. You have the option within each 12 months of the current term or once per term for Bump Up products with a term less than 24 months to exchange this dividend rate for a new dividend rate. The new dividend rate will be the dividend rate we are then offering on term share certificates. This exchange will be at no cost to you. If you make an exchange, the maturity date will remain the same as originally scheduled.
COMMON FEATURES
Bylaw requirements:
You must complete payment of one share in your Membership Savings account as a condition of admission to membership.
Nature of dividends: Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term share account(s).)
National Credit Union Share Insurance Fund - Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund.
Rev. 07/2019
© 1993 Wolters Kluwer Financial Services, Inc. All rights reserved.
TIS-BRO-CU 12/14/93 Custom 4s 201358743-010
Fee Schedule/Sheet
Effective date: January 1, 2020
We may assess the following fees against your account.
Please review the Membership and Account Agreement, account documents, and FAQ page for additional information regarding fees, transaction limitations, and other account restrictions that may apply.
|
Transaction |
Fee |
|
|
Account activity printout |
$1.00 |
|
|
Account balancing assistance |
$25.00 per hour |
|
|
Account research |
$25.00 per hour |
|
|
American Express check dispensing machine |
1% |
|
|
ATM cash withdrawal or inquiry from non-proprietary ATMs in excess of six during a month (does not apply to Dividend Rewards Checking) |
$2.00 |
|
|
ATM deposit adjustment |
$5.00 |
|
|
Cashier’s check |
Free |
|
|
Check orders and re-orders |
(fee depends on style and quantity ordered) |
|
|
Check copy |
$2.00 |
|
|
Card PIN Rush (2-day delivery) |
$20.00 |
|
|
Card Rush (2-day delivery) |
$20.00 |
|
|
Card Rush (next day delivery) |
$35.00 |
|
|
Deposit verification |
Free |
|
|
Fed Ex Overnight |
$20.00 |
|
|
Foreign item fee |
$15.00 |
|
|
Inactivity fee |
up to $5.00 |
|
|
Inactivity Fee may be assessed monthly to membership savings accounts with no member initiated activity for at least 12 months, no other open products or relationships other than Savings and Checking accounts, less than $500 in relationship deposits, and where the account holder is 18 years of age or older. A relationship is defined as any account where the member has a primary or joint owner role. |
||
|
Legal actions, garnishments, executions or levies |
$50.00 |
|
|
Online BillPay expedited payment |
$30.00 |
|
|
Returned deposited item |
$10.00 |
|
|
Safe deposit box |
||
|
|
3 x 5 |
$23.00 |
|
3 x 10 |
$45.00 |
|
|
5 x 5 |
$46.00 |
|
|
5 x 10 |
$58.00 |
|
|
10 x 10 |
$97.00 |
|
|
Box drilling |
$200.00 |
|
|
Lock change |
$10.00 |
|
|
Key deposit |
$16.00 |
|
|
Specialized letters |
$25.00 |
|
|
Statement copy (prior to most recent) |
$3.00 |
|
|
Stop payments (each check, BillPay, ACH, cashier’s check) |
$20.00 |
|
|
Temporary check (available for new checking accounts) |
Free |
|
|
International Transaction/Currency Conversion fee (applies to debit and ATM transactions outside of the U.S.) |
1% of purchase amount |
|
|
Wire transfer (domestic outgoing) |
$15.00 |
|
|
Wire transfer (foreign outgoing) |
$40.00 |
|
|
|
||
|
Overdraft (OD) and Return Items (RI) Fees |
||
|
Overdraft/Return Item fee1,2 |
$28.00 |
|
|
OD/RI Uncollected/Held fee1,2 |
$28.00 |
|
|
OD/RI POS Recurring fee1,2 |
$28.00 |
|
|
1This fee applies to the following categories of transactions: share draft, check, ACH, or other electronic means. |
||
|
|
||
|
Business Account Fees |
||
|
Business Instant Access monthly fee (waived if average daily balance is $5,000 or more) |
$10.00 |
|
|
Business Dividend Checking (waived if average daily balance is $5,000 or greater) |
$15.00 |
|
|
Overdraft transfer fee (per transfer from a business savings account) |
$4.00 |
|
|
Simple Business Checking (waived if average daily balance is $1,000 or greater) |
$6.00 |
|
|
|
||
|
Consumer Loans Fees |
||
|
Late payment |
up to $25.00 |
|
|
Returned payment |
$28.00 |
|
BUSINESS ACCOUNT DISCLOSURE
Business Savings, Business Checking, and Business Certificate Accounts
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.
Compounding and crediting: We compound and credit your dividends monthly.
Dividend period: For these account types, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same date pattern. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.
Minimum balance requirements:
We list the minimum balance required to open an account on our rate sheets.
Daily balance computation method: We calculate dividends using the daily balance method, which applies a daily periodic rate to your daily account balance.
Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account.
Transaction limitations:
Applies only to Business Savings accounts. As required by Federal Reserve Regulation D, you may not make more than six withdrawals or transfers to your credit union account or to a third party by means of a preauthorized or automatic transfers, overdraft, Online and Mobile Banking, telephone order or instructions during any statement period.
Bylaw requirements:
You must complete payment of one share in your Membership Savings account as a condition of your membership.
Nature of dividends: We pay dividends from current income and available earnings after reserve transfers at the end of a dividend period. This disclosure further explains the dividend feature of your non-term share account(s).
BUSINESS SHARE CERTIFICATES
Minimum balance requirements:
We list the minimum balance required to open an account on our rate sheets.
Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account.
Transaction limitations:
After the account is opened, you may not make additions into the account until the maturity date stated on the account (except as noted in the “Bump-Up Option Plan” section).
Rate Information: We list the dividend rate and annual percentage yield on your certificate account receipt and our business certificate rate sheet. We’ll pay you this rate until first maturity (except as noted in the “Bump-Up Option Plan” section).
Time requirements: Your account will mature on the date listed on your certificate account receipt and your monthly statement.
Early withdrawal penalties: (a penalty may be imposed for withdrawals before maturity) -
- In accordance with Federal Reserve Regulation D, withdrawals on share certificate accounts completed within the first six days of account opening or within six days immediately following the last partial withdrawal will be subject to an early withdrawal penalty of at least seven days simple interest. The penalty will be based on the amount of withdrawal.
- If your account has an original maturity of less than 12 months, only required Regulation D penalty will apply whether or not the interest has accrued. This may reduce the principal.
- If your account has an original maturity of between 12 and 24 months, your penalty will equal 180 days dividends and will apply whether or not the interest has accrued. This may reduce the principal.
- If your account has an original maturity of more than 24 months, your penalty will equal 270 days dividends and will apply whether or not the interest has accrued. This may reduce the principal.
- At our option, we may pay the account before maturity without imposing an early withdrawal penalty when an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
- Where the account is an Individual Retirement Account (IRA) and the depositor pays any portion within (7) days after establishment; provided that the depositor forfeits an amount at least equal to the simple dividends earned on the amount withdrawn.
- Where the account is a Traditional IRA and the owner has attained the age 59 1/2, or if the owner makes the withdrawal as the IRA holder's Required Minimum Distribution as required by the IRS.
Exceptions to Early Withdrawal Penalties:
Withdrawal of dividends prior to maturity: The annual percentage yield on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account: This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, dividends will not accrue after final maturity.
Renewal term: Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account.
Grace period: You will have a grace period of ten calendar days after maturity to withdraw funds without being charged an early withdrawal penalty. You’re also able to make additional deposits to the account during the grace period.
You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
You can only withdraw dividends credited in the term before maturity of that term without penalty.
You can withdraw dividends anytime during the term after they are credited to your account.
Nontransferable/Nonnegotiable: Certificate accounts are nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except with the Credit Union.
Bump-Up Share Certificate: You may make one additional deposit within each 12 months of the current term or once per term for Bump Up products with a term less than 24 months. The maximum amount you can deposit is up to the original amount of the certificate at the start of the current term.
*Bump-Up Option Plan and Rate Information (variable rate account): If your account has the bump-up rate feature, we list the dividend rate and annual percentage yield of your bump-up share certificate account on your certificate account receipt. You have the option within each 12 months of the current term or once per term for Bump Up products with a term less than 24 months to exchange this dividend rate for a new dividend rate. The new dividend rate will be the dividend rate we are then offering on term share certificates. This exchange will be at no cost to you. If you make an exchange, the maturity date will remain the same as originally scheduled.
COMMON FEATURES
Bylaw requirements:
You must complete payment of one share in your Membership Savings account as a condition of admission to membership.
Nature of dividends: Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term share account(s).)
National Credit Union Share Insurance Fund - Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund.
Rev. 07/2019
© 1993 Wolters Kluwer Financial Services, Inc. All rights reserved.
TIS-BRO-CU 12/14/93 Custom 4s 201358743-010
Fee Schedule/Sheet
Effective date: January 1, 2020
We may assess the following fees against your account.
Please review the Membership and Account Agreement, account documents, and FAQ page for additional information regarding fees, transaction limitations, and other account restrictions that may apply.
|
Transaction |
Fee |
|
|
Account activity printout |
$1.00 |
|
|
Account balancing assistance |
$25.00 per hour |
|
|
Account research |
$25.00 per hour |
|
|
American Express check dispensing machine |
1% |
|
|
ATM cash withdrawal or inquiry from non-proprietary ATMs in excess of six during a month (does not apply to Dividend Rewards Checking) |
$2.00 |
|
|
ATM deposit adjustment |
$5.00 |
|
|
Cashier’s check |
Free |
|
|
Check orders and re-orders |
(fee depends on style and quantity ordered) |
|
|
Check copy |
$2.00 |
|
|
Card PIN Rush (2-day delivery) |
$20.00 |
|
|
Card Rush (2-day delivery) |
$20.00 |
|
|
Card Rush (next day delivery) |
$35.00 |
|
|
Deposit verification |
Free |
|
|
Fed Ex Overnight |
$20.00 |
|
|
Foreign item fee |
$15.00 |
|
|
Inactivity fee |
up to $5.00 |
|
|
Inactivity Fee may be assessed monthly to membership savings accounts with no member initiated activity for at least 12 months, no other open products or relationships other than Savings and Checking accounts, less than $500 in relationship deposits, and where the account holder is 18 years of age or older. A relationship is defined as any account where the member has a primary or joint owner role. |
||
|
Legal actions, garnishments, executions or levies |
$50.00 |
|
|
Online BillPay expedited payment |
$30.00 |
|
|
Returned deposited item |
$10.00 |
|
|
Safe deposit box |
||
|
|
3 x 5 |
$23.00 |
|
3 x 10 |
$45.00 |
|
|
5 x 5 |
$46.00 |
|
|
5 x 10 |
$58.00 |
|
|
10 x 10 |
$97.00 |
|
|
Box drilling |
$200.00 |
|
|
Lock change |
$10.00 |
|
|
Key deposit |
$16.00 |
|
|
Specialized letters |
$25.00 |
|
|
Statement copy (prior to most recent) |
$3.00 |
|
|
Stop payments (each check, BillPay, ACH, cashier’s check) |
$20.00 |
|
|
Temporary check (available for new checking accounts) |
Free |
|
|
International Transaction/Currency Conversion fee (applies to debit and ATM transactions outside of the U.S.) |
1% of purchase amount |
|
|
Wire transfer (domestic outgoing) |
$15.00 |
|
|
Wire transfer (foreign outgoing) |
$40.00 |
|
|
|
||
|
Overdraft (OD) and Return Items (RI) Fees |
||
|
Overdraft/Return Item fee1,2 |
$28.00 |
|
|
OD/RI Uncollected/Held fee1,2 |
$28.00 |
|
|
OD/RI POS Recurring fee1,2 |
$28.00 |
|
|
1This fee applies to the following categories of transactions: share draft, check, ACH, or other electronic means. |
||
|
|
||
|
Business Account Fees |
||
|
Business Instant Access monthly fee (waived if average daily balance is $5,000 or more) |
$10.00 |
|
|
Business Dividend Checking (waived if average daily balance is $5,000 or greater) |
$15.00 |
|
|
Overdraft transfer fee (per transfer from a business savings account) |
$4.00 |
|
|
Simple Business Checking (waived if average daily balance is $1,000 or greater) |
$6.00 |
|
|
|
||
|
Consumer Loans Fees |
||
|
Late payment |
up to $25.00 |
|
|
Returned payment |
$28.00 |
|
BUSINESS ACCOUNT DISCLOSURE
Business Savings, Business Checking, and Business Certificate Accounts
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.
Compounding and crediting: We compound and credit your dividends monthly.
Dividend period: For these account types, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same date pattern. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.
Minimum balance requirements:
We list the minimum balance required to open an account on our rate sheets.
Daily balance computation method: We calculate dividends using the daily balance method, which applies a daily periodic rate to your daily account balance.
Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account.
Transaction limitations:
Applies only to Business Savings accounts. As required by Federal Reserve Regulation D, you may not make more than six withdrawals or transfers to your credit union account or to a third party by means of a preauthorized or automatic transfers, overdraft, Online and Mobile Banking, telephone order or instructions during any statement period.
Bylaw requirements:
You must complete payment of one share in your Membership Savings account as a condition of your membership.
Nature of dividends: We pay dividends from current income and available earnings after reserve transfers at the end of a dividend period. This disclosure further explains the dividend feature of your non-term share account(s).
BUSINESS SHARE CERTIFICATES
Minimum balance requirements:
We list the minimum balance required to open an account on our rate sheets.
Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account.
Transaction limitations:
After the account is opened, you may not make additions into the account until the maturity date stated on the account (except as noted in the “Bump-Up Option Plan” section).
Rate Information: We list the dividend rate and annual percentage yield on your certificate account receipt and our business certificate rate sheet. We’ll pay you this rate until first maturity (except as noted in the “Bump-Up Option Plan” section).
Time requirements: Your account will mature on the date listed on your certificate account receipt and your monthly statement.
Early withdrawal penalties: (a penalty may be imposed for withdrawals before maturity) -
- In accordance with Federal Reserve Regulation D, withdrawals on share certificate accounts completed within the first six days of account opening or within six days immediately following the last partial withdrawal will be subject to an early withdrawal penalty of at least seven days simple interest. The penalty will be based on the amount of withdrawal.
- If your account has an original maturity of less than 12 months, only required Regulation D penalty will apply whether or not the interest has accrued. This may reduce the principal.
- If your account has an original maturity of between 12 and 24 months, your penalty will equal 180 days dividends and will apply whether or not the interest has accrued. This may reduce the principal.
- If your account has an original maturity of more than 24 months, your penalty will equal 270 days dividends and will apply whether or not the interest has accrued. This may reduce the principal.
- At our option, we may pay the account before maturity without imposing an early withdrawal penalty when an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
- Where the account is an Individual Retirement Account (IRA) and the depositor pays any portion within (7) days after establishment; provided that the depositor forfeits an amount at least equal to the simple dividends earned on the amount withdrawn.
- Where the account is a Traditional IRA and the owner has attained the age 59 1/2, or if the owner makes the withdrawal as the IRA holder's Required Minimum Distribution as required by the IRS.
Exceptions to Early Withdrawal Penalties:
Withdrawal of dividends prior to maturity: The annual percentage yield on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account: This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, dividends will not accrue after final maturity.
Renewal term: Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account.
Grace period: You will have a grace period of ten calendar days after maturity to withdraw funds without being charged an early withdrawal penalty. You’re also able to make additional deposits to the account during the grace period.
You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
You can only withdraw dividends credited in the term before maturity of that term without penalty.
You can withdraw dividends anytime during the term after they are credited to your account.
Nontransferable/Nonnegotiable: Certificate accounts are nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except with the Credit Union.
Bump-Up Share Certificate: You may make one additional deposit within each 12 months of the current term or once per term for Bump Up products with a term less than 24 months. The maximum amount you can deposit is up to the original amount of the certificate at the start of the current term.
*Bump-Up Option Plan and Rate Information (variable rate account): If your account has the bump-up rate feature, we list the dividend rate and annual percentage yield of your bump-up share certificate account on your certificate account receipt. You have the option within each 12 months of the current term or once per term for Bump Up products with a term less than 24 months to exchange this dividend rate for a new dividend rate. The new dividend rate will be the dividend rate we are then offering on term share certificates. This exchange will be at no cost to you. If you make an exchange, the maturity date will remain the same as originally scheduled.
COMMON FEATURES
Bylaw requirements:
You must complete payment of one share in your Membership Savings account as a condition of admission to membership.
Nature of dividends: Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term share account(s).)
National Credit Union Share Insurance Fund - Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund.
Rev. 07/2019
© 1993 Wolters Kluwer Financial Services, Inc. All rights reserved.
TIS-BRO-CU 12/14/93 Custom 4s 201358743-010
Fee Schedule/Sheet
Effective date: January 1, 2020
We may assess the following fees against your account.
Please review the Membership and Account Agreement, account documents, and FAQ page for additional information regarding fees, transaction limitations, and other account restrictions that may apply.
|
Transaction |
Fee |
|
|
Account activity printout |
$1.00 |
|
|
Account balancing assistance |
$25.00 per hour |
|
|
Account research |
$25.00 per hour |
|
|
American Express check dispensing machine |
1% |
|
|
ATM cash withdrawal or inquiry from non-proprietary ATMs in excess of six during a month (does not apply to Dividend Rewards Checking) |
$2.00 |
|
|
ATM deposit adjustment |
$5.00 |
|
|
Cashier’s check |
Free |
|
|
Check orders and re-orders |
(fee depends on style and quantity ordered) |
|
|
Check copy |
$2.00 |
|
|
Card PIN Rush (2-day delivery) |
$20.00 |
|
|
Card Rush (2-day delivery) |
$20.00 |
|
|
Card Rush (next day delivery) |
$35.00 |
|
|
Deposit verification |
Free |
|
|
Fed Ex Overnight |
$20.00 |
|
|
Foreign item fee |
$15.00 |
|
|
Inactivity fee |
up to $5.00 |
|
|
Inactivity Fee may be assessed monthly to membership savings accounts with no member initiated activity for at least 12 months, no other open products or relationships other than Savings and Checking accounts, less than $500 in relationship deposits, and where the account holder is 18 years of age or older. A relationship is defined as any account where the member has a primary or joint owner role. |
||
|
Legal actions, garnishments, executions or levies |
$50.00 |
|
|
Online BillPay expedited payment |
$30.00 |
|
|
Returned deposited item |
$10.00 |
|
|
Safe deposit box |
||
|
|
3 x 5 |
$23.00 |
|
3 x 10 |
$45.00 |
|
|
5 x 5 |
$46.00 |
|
|
5 x 10 |
$58.00 |
|
|
10 x 10 |
$97.00 |
|
|
Box drilling |
$200.00 |
|
|
Lock change |
$10.00 |
|
|
Key deposit |
$16.00 |
|
|
Specialized letters |
$25.00 |
|
|
Statement copy (prior to most recent) |
$3.00 |
|
|
Stop payments (each check, BillPay, ACH, cashier’s check) |
$20.00 |
|
|
Temporary check (available for new checking accounts) |
Free |
|
|
International Transaction/Currency Conversion fee (applies to debit and ATM transactions outside of the U.S.) |
1% of purchase amount |
|
|
Wire transfer (domestic outgoing) |
$15.00 |
|
|
Wire transfer (foreign outgoing) |
$40.00 |
|
|
|
||
|
Overdraft (OD) and Return Items (RI) Fees |
||
|
Overdraft/Return Item fee1,2 |
$28.00 |
|
|
OD/RI Uncollected/Held fee1,2 |
$28.00 |
|
|
OD/RI POS Recurring fee1,2 |
$28.00 |
|
|
1This fee applies to the following categories of transactions: share draft, check, ACH, or other electronic means. |
||
|
|
||
|
Business Account Fees |
||
|
Business Instant Access monthly fee (waived if average daily balance is $5,000 or more) |
$10.00 |
|
|
Business Dividend Checking (waived if average daily balance is $5,000 or greater) |
$15.00 |
|
|
Overdraft transfer fee (per transfer from a business savings account) |
$4.00 |
|
|
Simple Business Checking (waived if average daily balance is $1,000 or greater) |
$6.00 |
|
|
|
||
|
Consumer Loans Fees |
||
|
Late payment |
up to $25.00 |
|
|
Returned payment |
$28.00 |
|
BUSINESS ACCOUNT DISCLOSURE
Business Savings, Business Checking, and Business Certificate Accounts
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.
Compounding and crediting: We compound and credit your dividends monthly.
Dividend period: For these account types, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same date pattern. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.
Minimum balance requirements:
We list the minimum balance required to open an account on our rate sheets.
Daily balance computation method: We calculate dividends using the daily balance method, which applies a daily periodic rate to your daily account balance.
Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account.
Transaction limitations:
Applies only to Business Savings accounts. As required by Federal Reserve Regulation D, you may not make more than six withdrawals or transfers to your credit union account or to a third party by means of a preauthorized or automatic transfers, overdraft, Online and Mobile Banking, telephone order or instructions during any statement period.
Bylaw requirements:
You must complete payment of one share in your Membership Savings account as a condition of your membership.
Nature of dividends: We pay dividends from current income and available earnings after reserve transfers at the end of a dividend period. This disclosure further explains the dividend feature of your non-term share account(s).
BUSINESS SHARE CERTIFICATES
Minimum balance requirements:
We list the minimum balance required to open an account on our rate sheets.
Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account.
Transaction limitations:
After the account is opened, you may not make additions into the account until the maturity date stated on the account (except as noted in the “Bump-Up Option Plan” section).
Rate Information: We list the dividend rate and annual percentage yield on your certificate account receipt and our business certificate rate sheet. We’ll pay you this rate until first maturity (except as noted in the “Bump-Up Option Plan” section).
Time requirements: Your account will mature on the date listed on your certificate account receipt and your monthly statement.
Early withdrawal penalties: (a penalty may be imposed for withdrawals before maturity) -
- In accordance with Federal Reserve Regulation D, withdrawals on share certificate accounts completed within the first six days of account opening or within six days immediately following the last partial withdrawal will be subject to an early withdrawal penalty of at least seven days simple interest. The penalty will be based on the amount of withdrawal.
- If your account has an original maturity of less than 12 months, only required Regulation D penalty will apply whether or not the interest has accrued. This may reduce the principal.
- If your account has an original maturity of between 12 and 24 months, your penalty will equal 180 days dividends and will apply whether or not the interest has accrued. This may reduce the principal.
- If your account has an original maturity of more than 24 months, your penalty will equal 270 days dividends and will apply whether or not the interest has accrued. This may reduce the principal.
- At our option, we may pay the account before maturity without imposing an early withdrawal penalty when an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
- Where the account is an Individual Retirement Account (IRA) and the depositor pays any portion within (7) days after establishment; provided that the depositor forfeits an amount at least equal to the simple dividends earned on the amount withdrawn.
- Where the account is a Traditional IRA and the owner has attained the age 59 1/2, or if the owner makes the withdrawal as the IRA holder's Required Minimum Distribution as required by the IRS.
Exceptions to Early Withdrawal Penalties:
Withdrawal of dividends prior to maturity: The annual percentage yield on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account: This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, dividends will not accrue after final maturity.
Renewal term: Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account.
Grace period: You will have a grace period of ten calendar days after maturity to withdraw funds without being charged an early withdrawal penalty. You’re also able to make additional deposits to the account during the grace period.
You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
You can only withdraw dividends credited in the term before maturity of that term without penalty.
You can withdraw dividends anytime during the term after they are credited to your account.
Nontransferable/Nonnegotiable: Certificate accounts are nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except with the Credit Union.
Bump-Up Share Certificate: You may make one additional deposit within each 12 months of the current term or once per term for Bump Up products with a term less than 24 months. The maximum amount you can deposit is up to the original amount of the certificate at the start of the current term.
*Bump-Up Option Plan and Rate Information (variable rate account): If your account has the bump-up rate feature, we list the dividend rate and annual percentage yield of your bump-up share certificate account on your certificate account receipt. You have the option within each 12 months of the current term or once per term for Bump Up products with a term less than 24 months to exchange this dividend rate for a new dividend rate. The new dividend rate will be the dividend rate we are then offering on term share certificates. This exchange will be at no cost to you. If you make an exchange, the maturity date will remain the same as originally scheduled.
COMMON FEATURES
Bylaw requirements:
You must complete payment of one share in your Membership Savings account as a condition of admission to membership.
Nature of dividends: Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term share account(s).)
National Credit Union Share Insurance Fund - Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund.
Rev. 07/2019
© 1993 Wolters Kluwer Financial Services, Inc. All rights reserved.
TIS-BRO-CU 12/14/93 Custom 4s 201358743-010
Fee Schedule/Sheet
Effective date: January 1, 2020
We may assess the following fees against your account.
Please review the Membership and Account Agreement, account documents, and FAQ page for additional information regarding fees, transaction limitations, and other account restrictions that may apply.
|
Transaction |
Fee |
|
|
Account activity printout |
$1.00 |
|
|
Account balancing assistance |
$25.00 per hour |
|
|
Account research |
$25.00 per hour |
|
|
American Express check dispensing machine |
1% |
|
|
ATM cash withdrawal or inquiry from non-proprietary ATMs in excess of six during a month (does not apply to Dividend Rewards Checking) |
$2.00 |
|
|
ATM deposit adjustment |
$5.00 |
|
|
Cashier’s check |
Free |
|
|
Check orders and re-orders |
(fee depends on style and quantity ordered) |
|
|
Check copy |
$2.00 |
|
|
Card PIN Rush (2-day delivery) |
$20.00 |
|
|
Card Rush (2-day delivery) |
$20.00 |
|
|
Card Rush (next day delivery) |
$35.00 |
|
|
Deposit verification |
Free |
|
|
Fed Ex Overnight |
$20.00 |
|
|
Foreign item fee |
$15.00 |
|
|
Inactivity fee |
up to $5.00 |
|
|
Inactivity Fee may be assessed monthly to membership savings accounts with no member initiated activity for at least 12 months, no other open products or relationships other than Savings and Checking accounts, less than $500 in relationship deposits, and where the account holder is 18 years of age or older. A relationship is defined as any account where the member has a primary or joint owner role. |
||
|
Legal actions, garnishments, executions or levies |
$50.00 |
|
|
Online BillPay expedited payment |
$30.00 |
|
|
Returned deposited item |
$10.00 |
|
|
Safe deposit box |
||
|
|
3 x 5 |
$23.00 |
|
3 x 10 |
$45.00 |
|
|
5 x 5 |
$46.00 |
|
|
5 x 10 |
$58.00 |
|
|
10 x 10 |
$97.00 |
|
|
Box drilling |
$200.00 |
|
|
Lock change |
$10.00 |
|
|
Key deposit |
$16.00 |
|
|
Specialized letters |
$25.00 |
|
|
Statement copy (prior to most recent) |
$3.00 |
|
|
Stop payments (each check, BillPay, ACH, cashier’s check) |
$20.00 |
|
|
Temporary check (available for new checking accounts) |
Free |
|
|
International Transaction/Currency Conversion fee (applies to debit and ATM transactions outside of the U.S.) |
1% of purchase amount |
|
|
Wire transfer (domestic outgoing) |
$15.00 |
|
|
Wire transfer (foreign outgoing) |
$40.00 |
|
|
|
||
|
Overdraft (OD) and Return Items (RI) Fees |
||
|
Overdraft/Return Item fee1,2 |
$28.00 |
|
|
OD/RI Uncollected/Held fee1,2 |
$28.00 |
|
|
OD/RI POS Recurring fee1,2 |
$28.00 |
|
|
1This fee applies to the following categories of transactions: share draft, check, ACH, or other electronic means. |
||
|
|
||
|
Business Account Fees |
||
|
Business Instant Access monthly fee (waived if average daily balance is $5,000 or more) |
$10.00 |
|
|
Business Dividend Checking (waived if average daily balance is $5,000 or greater) |
$15.00 |
|
|
Overdraft transfer fee (per transfer from a business savings account) |
$4.00 |
|
|
Simple Business Checking (waived if average daily balance is $1,000 or greater) |
$6.00 |
|
|
|
||
|
Consumer Loans Fees |
||
|
Late payment |
up to $25.00 |
|
|
Returned payment |
$28.00 |
|
Fee Schedule/Sheet
Effective date: January 1, 2020
We may assess the following fees against your account.
Please review the Membership and Account Agreement, account documents, and FAQ page for additional information regarding fees, transaction limitations, and other account restrictions that may apply.
|
Transaction |
Fee |
|
|
Account activity printout |
$1.00 |
|
|
Account balancing assistance |
$25.00 per hour |
|
|
Account research |
$25.00 per hour |
|
|
American Express check dispensing machine |
1% |
|
|
ATM cash withdrawal or inquiry from non-proprietary ATMs in excess of six during a month (does not apply to Dividend Rewards Checking) |
$2.00 |
|
|
ATM deposit adjustment |
$5.00 |
|
|
Cashier’s check |
Free |
|
|
Check orders and re-orders |
(fee depends on style and quantity ordered) |
|
|
Check copy |
$2.00 |
|
|
Card PIN Rush (2-day delivery) |
$20.00 |
|
|
Card Rush (2-day delivery) |
$20.00 |
|
|
Card Rush (next day delivery) |
$35.00 |
|
|
Deposit verification |
Free |
|
|
Fed Ex Overnight |
$20.00 |
|
|
Foreign item fee |
$15.00 |
|
|
Inactivity fee |
up to $5.00 |
|
|
Inactivity Fee may be assessed monthly to membership savings accounts with no member initiated activity for at least 12 months, no other open products or relationships other than Savings and Checking accounts, less than $500 in relationship deposits, and where the account holder is 18 years of age or older. A relationship is defined as any account where the member has a primary or joint owner role. |
||
|
Legal actions, garnishments, executions or levies |
$50.00 |
|
|
Online BillPay expedited payment |
$30.00 |
|
|
Returned deposited item |
$10.00 |
|
|
Safe deposit box |
||
|
|
3 x 5 |
$23.00 |
|
3 x 10 |
$45.00 |
|
|
5 x 5 |
$46.00 |
|
|
5 x 10 |
$58.00 |
|
|
10 x 10 |
$97.00 |
|
|
Box drilling |
$200.00 |
|
|
Lock change |
$10.00 |
|
|
Key deposit |
$16.00 |
|
|
Specialized letters |
$25.00 |
|
|
Statement copy (prior to most recent) |
$3.00 |
|
|
Stop payments (each check, BillPay, ACH, cashier’s check) |
$20.00 |
|
|
Temporary check (available for new checking accounts) |
Free |
|
|
International Transaction/Currency Conversion fee (applies to debit and ATM transactions outside of the U.S.) |
1% of purchase amount |
|
|
Wire transfer (domestic outgoing) |
$15.00 |
|
|
Wire transfer (foreign outgoing) |
$40.00 |
|
|
|
||
|
Overdraft (OD) and Return Items (RI) Fees |
||
|
Overdraft/Return Item fee1,2 |
$28.00 |
|
|
OD/RI Uncollected/Held fee1,2 |
$28.00 |
|
|
OD/RI POS Recurring fee1,2 |
$28.00 |
|
|
1This fee applies to the following categories of transactions: share draft, check, ACH, or other electronic means. |
||
|
|
||
|
Business Account Fees |
||
|
Business Instant Access monthly fee (waived if average daily balance is $5,000 or more) |
$10.00 |
|
|
Business Dividend Checking (waived if average daily balance is $5,000 or greater) |
$15.00 |
|
|
Overdraft transfer fee (per transfer from a business savings account) |
$4.00 |
|
|
Simple Business Checking (waived if average daily balance is $1,000 or greater) |
$6.00 |
|
|
|
||
|
Consumer Loans Fees |
||
|
Late payment |
up to $25.00 |
|
|
Returned payment |
$28.00 |
|