Effective
May 1, 2003
The following fees may be
assessed against your account and the following transaction
limitations, if any, applied to your account.
| Share
Account Fees |
| Excessive
Withdrawal Fee: |
|
| $3.00
per quarter after three (3) withdrawals per quarter |
|
| Share
Draft Account Fees |
| NSF
Fee: |
| Returned
Item Fee: |
| Stop
Payment Fee: |
| Share
Draft Printing Fee: |
| Overdraft
Transfer Fee: |
|
| $26.00
per item |
| $5.00
per item |
| $20.00
per request |
| Prices
may vary depending upon style |
| $1.00
each time funds are transferred from Loan to Savings
to cover overdrafts |
|
| Other
Service Fees (applicable to all accounts) |
| Statement
Copy Fee: |
| Deposited
Item Return Fee: |
| Wire
Transfer (outgoing) Fee: |
| Money
Order Fee: |
| Travelers
Checks for Two Fee: |
| Gift
Checks Fee: |
| Debit
Card Replacement Fee: |
| Dormant
Account Fee: |
|
| $5.00
per copy |
| $5.00
per item |
| $7.00
per transfer |
| $0.75
per money order |
| $1.00
per $100.00 purchased |
| $2.50
per item |
| $5.00
per card after 2nd replacement within 2 years |
| $5.00
per month after 3 years |
|
| Electronic
Funds Transfer Fees |
| Nonproprietary
ATM Withdrawal/Transfer Fee: |
|
| $0.50
per withdrawal/transfer |
|
TRUTH-IN-SAVINGS
ACCOUNT DISCLOSURES Except
as specifically described, the following disclosures apply
to all of the accounts. All accounts described in this Rate
& Fee Schedule are share accounts.
- Rate
Information. The Annual Percentage Yield is a percentage
rate that reflects the total amount of the 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 at
any time 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.
- 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
Period begins on the first calendar day of the period and
ends on the last calendar day of the period.
-
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.
- Balance
Information. The minimum balance requirements applicable
to each account are set forth in the Rate Schedule. For
Share IRA accounts, there is a minimum daily balance required
to obtain the Annual Percentage Yield for the dividend period.
If the minimum 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 daily periodic rate to the principal in the account each
day.
- Account
Limitations. For a Share Christmas Club account,
the entire balance will be paid to you by check or transferred
to another account of yours on or after November 1 and the
account will remain open. If you withdraw any of the account
balance at any time, we will close your account and pay
you the full account balance. You may make transfers or
withdrawals in the first seven (7) days after the account
is opened without restriction. For Main Share accounts,
three (3) withdrawals per quarter are allowed after which
a fee will be imposed. For Share Money Market, Share IRA,
and Share Draft accounts, no account limitations apply.
|
