Rate and Fee Schedule

• Truth-in-Savings Account Disclosures
  • Rate Information
  • Nature of Dividends
  • Compounding and Crediting
  • Accrual of Dividends
  • Balance Information
  • Account Limitations
  • Bylaw Requirements
• Account Fees Disclosures
  • Share Draft Fees
  • Other Service Fees
• Funds Availability Disclosures
  • Policy
  • Longer Delays May Apply
  • Special Rules for a New Account

This Rate and Fee Schedule sets forth certain conditions, rates, fees and charges applicable to your share accounts at the Credit  Union at this time. The Credit Union may offer other rates and fees or amend the rates and fees contained in this schedule from time to time.

Current share rates are available here.

Truth-in-Savings Account Disclosures:

• Rate Information - The Divided Rate and Annual Percentage Yield (APY) on your accounts are stated in the Rate and Fee Schedule. The APY 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. The Dividend Rate and APY may change monthly as determined by the Board of Directors. <back to top>
• Nature of Dividends - Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Dividend Rate and APY are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. <back to top>
• Compounding and Crediting - Dividends will be compounded and credited as stated in the Rate and Fee Schedule. The Dividend Period for all accounts is monthly beginning on the first calendar day of the month and ending on the last calendar day of the month. <back to top>
• Accrual of Dividends - Dividends will begin to accrue on cash and non-cash deposits (e.g. checks) on the business day you make the deposit to your account. <back to top>
• Balance Information - The minimum balance required to open each account is stated in the Rate and Fee Schedule. For accounts using the 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. If the minimum average balance is not met, you will not ear the stated APY. <back to top>
• Account Limitations - For Christmas Club accounts, the entire balance will be paid to you by transfer to another account of yours during October of each year and the account will remain open. For share accounts, no more than six (6) pre-authorized automatic, or telephone transfers may be made from your share account to another account of yours or to a third party in any month, and no more than (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 will be subject to a fee of $1.00 per transfer for each transfer that exceeds three (3) in one month. <back to top>
• Bylaw Requirements - The par value of each share is $5.00 and this amount is the minimum balance in Regular Shares to maintain membership. <back to top>

Account Fees Disclosure:

Share Draft Fees <back to top>
Share Draft Printing	Prices vary depending on style
NSF Fee	$35.00
Overdraft Transfer Fee (per excess transfer)	$1.00
Overdraft ACH Debit Fee	$35.00
MasterCard Overdraft Fee (per advance)	$2.00
Stop Payment Fee	$25.00
Micro-fiche Copy Fee	$2.00
Account Reconciliation Fee (per hour)	$20.00
Other Service Fees <back to top>
Wire Transfer Fee (outgoing Domestic)	$20.00
Wire Transfer Fee (outgoing International)	$30.00
Statement Copy Fee	$2.00
Money Order Fee	$1.00
Travelers Check Fee (per $100.00)	$1.00
Certified Check Fee (per check)	$2.00
Deposited Item Return Fee	$35.00
Mail Returned for Bad Address Fee	$1.00
Post Office Address Correction Fee	$1.00
Legal Processing Fee	$50.00

Funds Availability Disclosure:

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we   will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit. <back to top>

• Special Rules for a New Account - If you are a new member, the following special rules will apply during the first 30 days your account is open.
  

  Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers and the first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's and federal, state and local government checks will be available on the next business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the ninth business day after the day of your deposit. <back to top>

• Deposits at ATMS - Funds from any deposits (cash or checks) made at automated teller machines (ATMs) will not be available until one (1) business day after the date of your deposit.
• Foreign Checks - Checks drawn on financial institutions located outside the U.S. (foreign checks) cannot be processed the same as checks drawn on U.S. financial institutions.  Foreign checks are exempt from the policies outlined in this disclosure. Generally, the availability of funds for deposits of foreign will delayed for the time it takes us to collect the funds from the financial institutions upon withs it is drawn. 

Share, Share Draft, Club and IRA Accounts Rate and Fee Schedule as of 05/16/11