Rates and Service Charges

“Our Rates & Service Charges” explains current terms, rates and service charges applicable to the savings, checking and certificate accounts we offer. We may offer other rates and require other service charges or amend the rates and service charges, as explained in this disclosure, from time to time. Each owner on an account agrees to the terms described in this disclosure and acknowledges that it is a part of the Member Service Agreement (MSA).

Rates for Savings, Checking and Certificate Accounts

All accounts include:

  • Dividends Compounded & Credited Monthly
  • Monthly Dividend Period

Effective Date:
5/19/2021

Dividend Rate

Annual Percentage Yield

Minimum Opening Balance

Minimum Balance to Earn APY

Regular Share Account

0.10%

0.10%

$25.00

$60.00

IRA Share Account

0.25%

0.25%

 

$60.00

Share Draft/Checking Account

0.10%

0.10%

 

$300.00

Christmas Club Share Account

0.10%

0.10%

$0.00

$60.00

Share Certificate:

6 months

1 Year

2 Year

3 Year

4 Year

5 Year

 

0.20%

0.40%

0.55%

0.70%

N/A

N/A

 

0.20%

0.40%

0.55%

0.70%

N/A

N/A

 $500.00  $500.00

Young Adult Account

      $300.00

Explanation of Rates & Service Charges

As explained in the MSA, Our Rates & Service Charges disclosure applies to all the accounts we offer. Except as specifically described, the following terms apply to all of the accounts you have with us.

  1. Rate Information
    The Dividend Rate and Annual Percentage Yield on the accounts you have with us are identified above. The Dividend Rates and Annual Percentage Yields are the prospective rates as of the effective date shown above. For all accounts except certificates, the Dividend Rate and Annual Percentage Yield may change at any time as determined by the Board of Directors. For Certificate Accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. For Certificate Accounts, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.
  2. Nature of Dividends
    Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The Dividend Rate and Annual Percentage Yield identified above are the rates and yields for the last dividend period, as shown above.
  3. Compounding and Crediting
    Dividends will be compounded and credited as identified above. For dividend bearing accounts, the Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.
  4. Accrual of Dividends
    Dividends will begin to accrue on noncash deposits (e.g., checks) on the business day you make the deposit to an account you have with us. If you terminate the account before accrued dividends are credited, accrued dividends will not be paid.
  5. Balance Information
    The minimum balance required to start each account and earn the stated Annual Percentage Yield is identified above. If you do not maintain the minimum balance, you will not earn the stated Annual Percentage Yield. For all accounts except certificate accounts, dividends are calculated using the Average Daily Balance method, in which dividends are calculated by applying a periodic rate to the Average Daily Balance in the account for the dividend 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. For all Certificate Accounts, dividends are calculated by using the Daily Balance method, which applies a daily periodic rate to the balance in the account each day.
  6. Account Limitations
    For all accounts except checking accounts, no more than six (6) preauthorized, automatic or telephone transfers may be made per month from these accounts to another account you have with us or to a third party. If you exceed these limitations, the account may be subject to a service charge or be terminated. For a Christmas Club account, the entire balance will be paid to you by check or transferred to another account of yours on or after October 1 and the account will remain open. If any withdrawal is made from this account before the end of the club term, then the account will be terminated and pay you the full balance. You may make transfers or withdrawals in the first seven (7) days the account is open without restriction.
  7. Certificate Account Features
    1. Account Limitations
      After you start the account, you may not make additional deposits to a Certificate Account.
    2. Maturity
      The Certificate Account you have with us will mature on the maturity date identified on your Account Receipt or Renewal Notice.
    3. Early Withdrawal Penalty
      We may impose a penalty if you withdraw any of the principal of the Certificate Account before the maturity date.
      1) Amount of Penalty. The penalty will equal 90 days of dividends on the amount withdrawn.
      2) How the Penalty Works. The penalty is calculated based on dividends that have been or would be earned on the amount withdrawn. If the account has not earned sufficient dividends, or if dividends have been previously withdrawn, the penalty may be deducted from principal.
      3)Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: when an owner on an account dies or is determined legally incompetent by a court or other body of competent jurisdiction. Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment or where the account is an IRA and the owner attains age 59½ or becomes disabled and begins making periodic withdrawals.
    4. Renewal Policy
      Certificate Accounts are not automatically renewable. If you do not renew the account, the funds will be transferred to another dividend-bearing account.
    5. Non-transferable/Non-negotiable
      The account(s) you have with us is/are non-transferable and non-negotiable. This means that an account and the funds in the account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.

Service Charge Schedule

Operational charges:

Membership

NO FEE

Close Account within 90 days Fee

$25.00

Rejoining Fee within 90 days

$25.00

Monthly Service Charge

NO FEE

Statement Copy Fee

$5.00/page

Research Fee (per hour)

$25.00

Account History Copy Fee

$5.00/page

Cashier's Check Fee

$10.00

Corporate Check payable to 3rd party Fee

$10.00

Inactive Account Fee

(Account balance below $100, no activity 1 year)

$10.00/month

Unlocatable Account Fee

(return mail for 3 mths and unable to locate by other means)

Entire Balance

Outgoing Wire Fee

$30.00

Incoming Wire Fee

$25.00

Western Union Fee (outgoing only)

$30.00

Return Mail/Address Correction Fee

$5.00

Excessive Withdrawal Fee (after 3/months)

$5.00 each

Christmas Club Withdrawal Fee

$10.00

Garnishment Processing Fee

$50.00

Escheated Account Fee

$100.00

Merchant Check Collection Fee

$10.00

Returned Deposited Item Fee

-overdraws account
-loan payment

$15.00

$30.00

$30.00

NSF ACH Debit Fee

$30.00

Draft Collection Fee

$15.00

NSF Item Fee

includes share and share draft

$30.00

Share Overdraft Transfer after 3

$15.00

Stop Payment Draft/ACH Fee

includes share and share draft

$30.00

Stop Payment: Credit Union Check

- Cost

Telephone Transfer Fee(waive 65 and over)

$2.00

Notary Service

NO FEE

Mortgage Verification of Deposit

NO FEE

Gift Card Fee

$4.00

Share Draft/Checking Account:

Monthly Service Charge

NO FEE

Manual Processing Fee

$3.00

Stop Payment Fee

$30.00

NSF Paid Overdraft

$30.00/check

Force Paid Check Fee

Uncollected Funds

$30.00

Share Draft Copy Fee

$5.00

Account Reconciled/Research

$25.00/hour

Share Draft/Check Printing

Varies

Per Share Draft/Check

NO FEE

ATM/DEBIT CARD Charges:

Eagle Express ATM/DEBIT CARD

NO FEE

NSF Visa Debit Card Fee

$30.00

Visa Debit Card Abuse Fee

$20.00

Replacement Card Fee

$20.00

Visa Debit Card Rush Fee

$50.00

ATM Withdrawal or Transfer:

CU24 Network Transactions

Other Network Transactions

NO FEE

$2.00

PIN Reissue/replacement Fee

$1.00

Inquiry Transactions(over 3/month)

.50/each

Denied Withdrawal for Non Sufficient Account Balance

$1.00

Eagle Express - Audio Response:

Personal Identification Number

NO FEE

Replacement/Reissue

$1.00

Verify Account Balance

NO FEE

Account History

 

Verify Cleared Items

 

Transfer Funds

 

Withdrawal by Check

 
Eagle Express - WEB

Eagle Express Web

NO FEE

PopMoney

Minimal (based on transaction)

Bill Payment

-Stop Payment

NO FEE

$30.00

Eagle Express Mobile

NO FEE

CardValet

NO FEE

eStatement

NO FEE

eNotices

NO FEE

Alerts

NO FEE

IRA(Individual Retirement Account)

Account Setup

$5.00

Annual Maintenance

$10.00

Safe Deposit Box Fee

3X5

$25.00

10x5

$50.00

Lost key/drilling fee

$20.00 plus cost

Loan Fees:

UCC Filing Fee

$10.00

Vehicle Title Filing Fee

$10.00

CarFax

$15.99

Visa Credit Card
Annual Fee NO FEE
Balance Transfer NO FEE
Cash Advance NO FEE
NSF Payment $30.00
Late Payment $20.00
Overlimit NO FEE
Replace lost/stolen card $20.00
Replace lost/stolen (RUSH) $50.00
Statement copy $5.00/page

 

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