Rates & Fees
NOTICE OF CHANGES
IN TEMPORARY
NCUA INSURANCE COVERAGE FOR
TRANSACTION ACCOUNTS
ALL FUNDS IN A "NON-INTEREST BEARING TRANSACTION ACCOUNT" ARE INSURED IN
FULL BY THE NATIONAL CREDIT UNION ADMINISTRATION THROUGH DECEMBER
31, 2012. THIS TEMPORARY UNLIMITED COVERAGE IS IN ADDITION TO, AND SEPARATE
FROM, THE COVERAGE OF AT LEAST $250,000 AVAILABLE TO MEMBERS UNDER THE
NCUA'S GENERAL SHARE INSURANCE RULES.
FOR MORE INFORMATION ON DEPOSIT INSURANCE, GO TO WWW.NCUA.GOV
Rates as of 1 November 2011
| DIVIDEND RATES* | APR** | APY*** |
|---|---|---|
| Regular Shares $10.01 - $4,999.99 | 0.50% | 0.50% |
| Regular Shares $5000.00 and above | 0.75% | 0.75% |
| Christmas Club | 0.75% | 0.75% |
| Vacation Club | 0.75% | 0.75% |
| CUB Cub Club | 0.75% | 0.75% |
| IRA Savings | 1.99% | 2.00% |
| CD - 6 months | 1.00% | 1.00% |
| CD - 12 months [Eligible for One-Time Bump-Up] | 1.24% | 1.25% |
| CD - 18 months [Eligible for One-Time Bump-Up] | 1.24% | 1.25% |
| CD - 24 months [Eligible for One-Time Bump-Up] | 1.49% | 1.50% |
| CD - 36 months [Eligible for One-Time Bump-Up] | 1.74% | 1.75% |
*Dividends will be paid on balances over $100.00 Share Certificates must be a minimum deposit of $500.00. One time Bump Up option (12-36 mo) during dividend period.
*All Shares Account dividends are paid quarterly on the average daily balance. All Accounts must be open at the end of the dividend calculation period in order to earn a dividend. Rates are subject to change.
**APR=Annual Percentage Rate ***APY=Annual Percentage Yield
| LOAN RATES* | APR as low as | ||
|---|---|---|---|
| Personal Loans | |||
| Includes Education, Consolidation and Computer loans Maximum amount of $6,000.00 per member up to 60 months. Up to $10,000.00--must qualify, and some restrictions may apply. (Risk Based Lending applies.) |
36 months | 9.99% | |
| 48 months | 10.50% | ||
| 60 months | 11.50% | ||
| Home Equity Loans | |||
| 1st or 2nd lien (Minimum $10,000.00 - Maximum $50,000.00) Must be no more than 80% of appraised or assessed value. (Total of all liens.) This may include value with planned improvements. Member pays closing costs. |
60 months (5 Yrs) | 4.49% | |
| 120 months (10 Yrs) | 5.75% | ||
| 180 months (15 Yrs) | 6.00% | ||
| New Auto Loans | |||
| 2011 and 2012-Current model year (untitled) (72 months or longer must be > $20,000.00) GAP Plus Insurance is available. |
36 months | 2.99% | |
| 48 months | 2.99% | ||
| 60 months | 2.99% | ||
| 72 months | 3.99% | ||
| 84 months* | 4.49% | ||
| Used Auto Loans | |||
| 2007-2011 Used Vehicles GAP Plus Insurance is available. |
36 months | 3.99% | |
| 48 months | 3.99% | ||
| 60 months | 3.99% | ||
| 72 months | 4.49% | ||
| 2006 and older Used Vehicles GAP Plus Insurance is available. |
36 months | 4.95% | |
| 48 months | 4.95% | ||
| 60 months | 5.49% | ||
| Other Loans | |||
| New & Used Motorcycles, RVs, Boats | up to 60 months | 5.50% | |
| 4-Wheelers, Motorcycles, etc w/o title | up to 36 months | 6.50% | |
| Share Secured Loans | up to 60 months | 6.00% | |
| Certificate Secured Loans | up to 60 months | 6.00% | |
| VISA Classic Credit Card (no annual fee) | 9.99% | ||
*Risk Based Lending applies. Some restrictions may apply. All loan applicants must meet approval.
Fees are assessed to offset expenses, and are established and reviewed by your Credit Union Board of Directors.
Fees effective 1 November 2011
| FEES | |
|---|---|
|
NSF Check fee per item |
$25.00 |
|
NSF Debit Card fee per item |
$25.00 |
|
NSF ACH fee per item |
$25.00 |
| Transfer fee This refers to any transfers the Credit Union must initiate to prevent a Non-Sufficient Fund fee. The transfer may be within a member's account, or between distinct accounts that the member has access to. (This fee does not apply to member-initiated transfers in person or by phone) |
$5.00
|
| Share Draft Copy | $5.00 |
| Share Draft Statement Copy Each member will be granted 1 free printout per month in addition to the monthly statement. For each additional printout, a fee will be imposed. |
$1.00 |
|
Share Draft Stop Payment fee |
$10.00 |
|
Official / Cashiers Credit Union Check fee |
$1.00 |
|
Official / Cashiers Check Stop Payment fee |
$25.00 |
| Share Certificate Withdrawal - refer to certificate disclosure | |
| AllPay Plus Online Bill Payer Service First month free, thereafter $5.00 per month. |
$5.00 |
|
VISA Debit Card Replacement fee |
$5.00 |
|
VISA Debit Card PIN Replacement fee |
$5.00 |
|
VISA Credit Card Replacement fee |
$5.00 |
|
VISA Credit Card Late Payment fee |
$20.00 |
|
VISA Credit Card Over Limit fee |
$25.00 |
| Wire Transfer fee | $30.00 |
| Wire Transfer fee - credit union to credit union | $10.00 |
| Dormant Account fee An account is considered dormant if there has been no activity for 2 years. Member will be contacted by mail prior to imposing fee. |
$5.00 |
| Garnishment fee | $25.00 |
| Photo Copies each (Other than Credit Union business) |
$0.15 |
| Extensive Account Reconcilement per hour (requiring more than 15 minutes of reconciling) |
$10.00 |
| Notary Service - free to members |
N/C |