HOLIDAY CLOSINGS
Memorial Day
May 27, 2013
Independence Day
July 4, 2013
Labor Day
September 2, 2013
|
RATE AND FEE SCHEDULE
Rates are subject to change as determined by the Credit Union's Board of Directors.
Dividends are paid quarterly.
SHARE RATES
| Account Type
|
Minimum Balance to Open Account
|
Minimum Balance to Obtain APY
|
Dividend Rate
|
Annual Percentage Yield (APY)
|
| Share Account |
$ 25.00 |
$ 100.00 |
0.15% |
0.15% |
| Children's Share Account |
$ 5.00 |
$ 25.00 |
0.15% |
0.15% |
| Individual Retirement Account |
$ 25.00 |
$ 100.00 |
0.50% |
0.50% |
SHARE AND IRA CERTIFICATE RATES **
|
Term
|
Minimum Balance to Open Account
|
Minimum Balance to Obtain APY
|
Dividend Rate
|
Annual Percentage Yield (APY)
|
| 6 month |
$ 500.00 |
$ 500.00 |
0.25% |
0.25% |
| 12 month |
$ 1,000.00 |
$ 1,000.00 |
0.50% |
0.50% |
** Early withdrawal penalties may be applied.
LOAN RATES
|
Loan Type
|
Annual Percentage Rate (APR) *
|
| Share Secured (100%) |
2.00% above share dividend rate |
| Share Secured (75%) |
4.00% above share dividend rate |
| Share Secured (50%) |
6.00% above share dividend rate |
| Partially-Secured |
3.00% above rate as determined by vehicle securing loan |
| New Vehicle (titled less than 180 days) |
as low as 1.75% |
| Used Vehicle (titled more than 180 days and older) |
as low as 1.75% |
| New Motorcycle, RV, or Boat (titled less than 180 days) |
as low as 3.75% |
| Used Motorcycle, RV, or Boat (titled more than 180 days and older) |
as low as 5.50% |
| Signature ($5,000 maximum) |
as low as 10.00% |
| 90-Day Note |
as low as 10.00% |
| Pay Day ($300 minimum/$500 maximum) |
18.00% |
* APR based upon individual creditworthiness
Get an extra 0.25% off the loan rate if the loan is paid with payroll deduction
FEES
|
Fee Type
|
Amount
|
| Account Close Fee (if closed within first ninety (90) days opening) |
$25.00 |
| Account Reopen Fee (if reopened within six (6) months of closing) |
$25.00 |
| Account Research Fee |
$35.00 (for 1st hour), $50.00 (for 2nd hour), $100.00 (for 3rd and all additional hours) |
| CUMoney Card Purchase (Reloadable Prepaid Debit Card) |
$8.00 |
| Early Withdrawal Fee (Christmas and Vacation Club Accounts) |
$ 25.00 |
| Excessive Withdrawal Fee (per withdrawal if more than six (6) per month) |
$5.00 |
| Gift Card Purchase |
$2.50 per card |
| Inactive Account Fee (per quarter after 12 months no member-generated transactions and balances under $1,000) |
$5.00 |
| Loan Application Fee |
$ 10.00 |
| Loan Late Charge |
5 % of loan payment after 7 days delinquent |
| New Member Fee |
$ 1.00 |
| Return Deposit Item Charge |
$ 30.00 |
| Return Item Fee (ACH and Share Draft) |
$ 30.00 |
| Return Mail Fee (per piece of mail received) |
$5.00 |
| Statement Copy Fee |
$ 5.00 |
| Stop Payment Charge (ACH and Share Draft) |
$ 30.00 |
| Wire Transfer Fee |
$10.00 |
|
