| Effective
December 2004
The following fees may be
assessed against your account and the following transaction
limitations, if any, applied to your account.
| Share
Account Fees |
| Share
Savings Account Excessive Withdrawal Fee |
$3.00
per check withdrawal, after 3 per month |
| Christmas
Club Early Withdrawal Fee |
$15.00
|
| Closed
Account Fee |
$15.00
(if account is closed within 6 months of opening)
|
| IRA
Early Withdrawal Fee |
$25.00
(if account is closed within 1 year of opening) |
| Below
Minimum Balance Service Charge |
$3.00
|
|
| Share
Draft Account Fees |
| Overdraft
Fee |
$5.00
per item |
| NSF
Fee |
$25.00
per item |
| Returned
Item Fee |
$10.00
per item |
| Stop
Payment fee |
$15.00
per request |
| Share
Draft Printing Fee |
Prices
may vary depending on style |
| Copy
of Share Draft |
$4.00
per copy |
|
| Other
Service Fees (applicable to all accounts) |
| Account
Reconciliation Fee |
$10.00
per hour (1 hour minimum) |
| Account
Research Fee |
$10.00
per hour (1 hour minimum) |
| Statement
Copy Fee |
$1.00
per page, max $3.00 |
| Deposited
Item Return Fee |
$25.00
|
| Account
Transfer Fee |
$5.00
per transfer |
| Inactive
Account Fee |
$5.00
per month after 1 year
and
account balance under $50.00
|
| Third
Party Returned Item Fee |
$10.00
|
| Wire
Out Fee (Domestic) |
$15.00
per transfer |
| Wire
Out Fee (Foreign) |
Cost
Incurred |
|
| Electronic
Funds Transfer Fees |
| Replacement
Card Fee |
$10.00 |
| Overdrawn
ATM Fee |
$25.00
per item |
| Overdraft
Transfer Fee |
$5.00
per transfer |
|
| Share
Value |
| Par
Value of One Share |
$25.00
|
|
IV
TRUTH IN SAVINGS
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 of ran annual period. For all accounts, the
Dividend Tare and Annual Percentage Yield may change at any
quarterly as determined by the Credit Union's Board of Directors.
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.
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. For
all accounts, if you close your account before accrued dividends
are credited, accrued dividends will not be paid.
5.
Balance Information. To open any account, you must
deposit or already have on deposit at least the par value
of one full share in any account. The par value amount is
stated in the Fee Schedule. Some accounts may have additional
minimum balance requirements applicable to each account are
set fourth in the Rate Schedule. For Share Savings, Christmas
club and Sub 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 a Daily Balance method, dividends are calculated
by applying a periodic rate to the principal in the account
each day.
6.
Account Limitations. For Share Savings and Sub accounts
three (3) withdrawals per month are allowed, after which a
fee will be imposed. For Christmas club accounts, the entire
balance will be paid to you by check or transferred to another
account of yours on the first Monday in November an the account
will remain open. If you withdraw any of the account balance
at any time, you will be charged a withdrawal fee of $15.00;
and the account will be closed. You may make transfers or
withdrawals in the first seven (7) days after the account
is opened without restriction. For Sub and Share Draft accounts,
no account limitations apply. |
