This Rate and Fee Schedule sets forth certain conditions, rates, fees and charges applicable to your Deposit 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 the schedule from time to time. Each Account Holder agrees to the terms set forth on this Rate and Fee Schedule and acknowledges that it is part of the Membership and account Agreement.
EFFECTIVE: April 1, 2008
ACCOUNT RATES AND TERMS
| SHARE SAVINGS | SHARE DRAFT | VACATION AND CHRISTMAS CLUBS |
IRA SHARES | |
| Dividends | 1.00% APR (1) 10.01 - 4999.99 1.25% APR (2) 5000.00 - 9999.99 1.50% APR (3) 10000 & over | None |
Same as Share Savings Rates |
2.00% APR |
| Annual Percentage Yield | 1.00% APY (1) 1.00% - 1.13% APY (2) 1.13% - 1.51% APY (3) | None |
Same as Share Savings Rates |
2.02% APY |
| Dividends Compounded | Quarterly | Monthly | Quarterly | Quarterly |
| Dividends Credited | Quarterly | Monthly | Quarterly | Quarterly |
| Balance Requirements | ||||
| Minimum Opening Deposit | $5.00 | CK Charge | $5.00 | $5.00 |
| Minimum Dividend Balance | $10.01 | $0.00 | $10.01 | $0.01 |
| Balance Method | Daily Balance | Daily Balance | Daily Balance | Daily Balance |
Except as specifically described, the following Disclosures apply to all Accounts.
1. RATE INFORMATION. The Dividend Rate and Annual Percentage Yield on your Accounts are set forth above. The Dividend Rate and Annual Percentage Yield may change as determined by the Board of Directors.
2. NATURE OF DIVIDENDS. Dividends are paid from current income and available after required transfers to reserves at the Dividend period. The Dividend Rate and Annual Percentage Yield are the prospective rates and yields that the Credit Union anticipates paying for the applicable period.
3. COMPOUNDING AND CREDITING. Dividends will be compounded and credited as set forth above. The Dividend period is quarterly, except Share Draft Account which is monthly. Beginning on the first calendar day of the quarter or month and ending on the last calendar day of the quarter or month.
4. ACCRUAL OF DIVIDENDS. Dividends will begin to accrue on non-cash deposits (E.G. Checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid.
5. BALANCE INFORMATION. The minimum balance required to open each account is set forth above. The minimum Dividend Balance required to earn a dividend is set forth above.
6. ACCOUNT LIMITATIONS. The Account Limitations for each account are set forth above.
ACCOUNT SERVICE FEES
SHARE DRAFT (CHECKING) ACCOUNT FEES
Share draft NSF
fee
$25.00
Share draft/Automatic debit stop
payment fee $10.00
Share draft copy
fee
$ 3.00
Statement copy
fee
$ 1.00 per page/current month free
Official Cashier's
draft
$ 2.00
Share draft balancing per
hour
$ 5.00
Share draft overdraft
transfer
$ 3.00
SHARE ACCOUNT FEES
Statement
copy $ 1.00 per page/current month free
Share overdraft
transfer
$ 3.00
Automatic debit
stopped
$10.00
Abandoned Dormant Account
fee*
$ 5.00 per month
OTHER SERVICE FEES
Wire Transfer
outgoing -
Domestic
$ 5.00
Wire Transfer outgoing -
International
$25.00
Travelers checks fee per
$100
$ .50
Returned check
deposited
$10.00
Non-member check
cashing
$ 5.00
CU checks after 1 per
day $ 1.00
Non-member
notary $
2.00
Account overdrawn after 5 days $ 1.00 per day
ELECTRONIC FUNDS TRANSFERS (EFT)
ATM excessive w/d fee per month after 10 w/d's
$1.00
ATM/Debit overdraft transfer
fee
$3.00
ATM/Debit overdrawn
fee
$30.00
ATM/Debit replacement
card
$5.00
ATM/Debit hold
release
$3.00
ATM/Debit reset or change
pin
$3.00
VISA
Visa card
replacement
$ 5.00
Visa card
rush $20.00
Visa temporary
increase
$10.00
Visa pin
replacement $ 3.00
*This is an account with no activity for a twelve month period and without a valid address. The fee will continue for twenty-four months. If at the end of this period there is still a balance, the remaining funds will be turned over to the State.
The rates appearing in this Rate and Fee Schedule are accurate and effective for all accounts as of the effective date indicated above. If you have any questions or require current rate information on your accounts, please call the Credit Union at (859) 252-5151 or (859) 254-5871.