HOLIDAY CLOSINGS
Independence Day
July 5, 2010
Labor Day
September 6, 2010
Columbus Day
October 11, 2010
|
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 |
0.25% |
0.25% |
| Children's Share Account |
$ 5.00 |
$ 25.00 |
0.25% |
0.25% |
| Individual Retirement Account |
$ 25.00 |
$ 100.00 |
0.50% |
0.50% |
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 3.00% |
| Used Vehicle (titled more than 180 days and older) |
as low as 3.50% |
| Signature ($5,000 maximum) |
as low as 8.50% |
| 90-Day Note |
as low as 8.50% |
| Pay Day ($300 minimum/$500 maximum) |
18.00% |
* APR based upon individual creditworthiness and term of loan
Get an extra 0.25% off the loan rate if the loan is paid with payroll deduction
FEES
|
Fee Type
|
Amount
|
| ACH Return Fee |
$ 30.00 |
| Statement Copy Fee |
$ 5.00 |
| Stop Payment Charge |
$ 30.00 |
| Loan Application Fee |
$ 10.00 |
| Return Deposit Item Charge |
$ 30.00 |
| Early Withdrawal Fee (Christmas and Vacation Club Accounts) |
$ 25.00 |
| Excessive Withdrawal Fee (6 withdrawals allowed per calendar month, fee per excess withdrawal) |
$5.00 |
| Inactive Account Fee (per quarter for balances under $1,000 after 12 months no member-generated account activity) |
$5.00 |
| Return Mail Fee (per piece of mail received) |
$10.00 |
| Account Closed Fee (within first 90 days opened) |
$25.00 |
| Reopen Account Fee (within 6 months of closing) |
$25.00 |
| Account Research Fee (fee per hour) |
$35.00 |
| Wire Transfer Fee |
$10.00 |
| Gift Card Purchase |
$2.50 per card |
| CUMoney Card Purchase (Reloadable Prepaid Debit Card) |
$8.00 per card |
| Loan Late Charge |
5 % of loan payment after 7 days delinquent |
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