Regular Savings Account | Life Savings
Account | Special Savings Account
Christmas Club Savings Account |
Money Market Account
Interest
(Share Draft) Checking Account | Value (Share Draft)
Checking Account
Individual Retirement Account
(IRA) | Common Features |
Privacy Statement
Regular Savings Account
Rate Information:
The dividend rate and annual percentage yield may change at any time, as
determined by the credit union board of directors.
Compounding and Crediting - Dividends will be compounded every month.
Dividends will be credited to your account every month.
Dividend Period - For this account type, the dividend period
is monthly, for example, the beginning date of the first dividend period
of the calendar year is January 1, and the ending date of such dividend period
is January 31. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of the dividend period, and
for the example above is January 31.
If you close your account before dividends are paid, you will not receive
the accrued dividends.
Minimum balance requirements:
The minimum balance required to open this account is $25.00
You must maintain a minimum average daily balance of $100.00 in your account
to obtain the disclosed annual percentage yield.
Average Daily Balance Computation Method - Dividends are calculated
by the average daily balance method, which applies a periodic rate to the
average daily balance in the account for the period. The average daily balance
is calculated by adding the balance in the account for each day of the period
and dividing that figure by the number of days in the period. The period
we use is the monthly statement cycle.
Accrual of Dividends on Noncash Deposits - Dividends will begin to
accrue on the business day you place noncash items (for example, checks)
to your account.
Transaction limitations:
During any month, you may not make more than six withdrawals or transfers
to another credit union account of yours or to a third party by means of
a preauthorized or automatic transfer or telephonic order or instruction.
No more than three of the six transfers may be made by check or similar order
to a third party. If you exceed the transfer limitations set forth above,
your account will be subject to closure by the credit union.
Par Value of a Share - The par value of a share in this account is
$25.00
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Life Savings Account
Rate information:
The dividend rate and annual percentage yield may change at any time, as
determined by the credit union board of directors.
Compounding and Crediting - Dividends will be compounded every month.
Dividends will be credited to your account every month.
Dividend Period - For this account type, the dividend period is monthly,
for example, the beginning date of the first dividend period of the calendar
year is January 1, and the ending date of such dividend period is January
31. All other dividend periods follow this same pattern of dates. The dividend
declaration date is the last day of the dividend period, and for the example
above is January 31.
If you close your account before dividends are paid, you will not receive
the accrued dividends.
Minimum balance requirements:
The minimum balance required to open this account is $25.00
You must maintain a minimum average daily balance of $100.00 in your account
to obtain the disclosed annual percentage yield.
Average Daily Balance Computation Method - Dividends are calculated
by the average daily balance method which applies a periodic rate to the
average daily balance in the account for the period. The average daily balance
is calculated by adding the balance in the account for each day of the period
and dividing that figure by the number of days in the period. The period
we use is the monthly statement cycle.
Accrual of Dividends on Noncash Deposits - Dividends will begin to
accrue on the business day you place noncash items (for example, checks)
to your account.
Transaction limitations:
During any month, you may not make more than six withdrawals or transfers
to another credit union account of yours or to a third party by means of
a preauthorized or automatic transfer or telephonic order or instruction.
No more than three of the six transfers may be made by check or similar order
to a third party. If you exceed the transfer limitations set forth above,
your account will be subject to closure by the credit union.
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Special Savings Account
Rate Information:
The dividend rate and annual percentage yield may change at any time, as
determined by the credit union board of directors.
Compounding and Crediting - Dividends will be compounded every month.
Dividends will be credited to your account every month.
Dividend Period - For this account type, the dividend period is monthly,
for example, the beginning date of the first dividend period of the calendar
year is January 1, and the ending date of such dividend period is January
31. All other dividend periods follow this same pattern of dates. The dividend
declaration date is the last day of the dividend period, and for the example
above is January 31.
If you close your account before dividends are paid, you will not receive
the accrued dividends.
Minimum balance requirements:
You must maintain a minimum average daily balance of $100.00 in your account
to obtain the disclosed annual percentage yield.
Average Daily Balance Computation Method - Dividends are calculated
by the average daily balance method which applies a periodic rate to the
average daily balance in the account for the period. The average daily balance
is calculated by adding the balance in the account for each day of the period
and dividing that figure by the number of days in the period. The period
we use is the monthly statement cycle.
Accrual of Dividends on Noncash Deposits - Dividends will begin to
accrue on the business day you place noncash items (for example, checks)
to your account.
Transaction limitations:
During any month, you may not make more than six withdrawals or transfers
to another credit union account of yours or to a third party by means of
a preauthorized or automatic transfer or telephonic order or instruction.
No more than three of the six transfers may be made by check or similar order
to a third party. If you exceed the transfer limitations set forth above,
your account will be subject to closure by the credit union.
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Christmas Club Savings Account
Rate information:
The dividend rate and annual percentage yield may change at any time,
as determined by the credit union board of directors.
Compounding Frequency - Dividends will not be compounded.
Crediting Frequency - Dividends will be credited to your account annually.
Dividend Period - For this account type, the dividend period is annual.
Effect of Closing an Account - If you close your account before dividends
are paid, you will not receive the accrued dividends.
Minimum balance requirements:
You must maintain a minimum average daily balance of $50.00 in your account
to obtain the disclosed annual percentage yield.
Average Daily Balance Computation Method - Dividends are calculated
by the average daily balance method which applies a periodic rate to the
average daily balance in the account for the period. The average daily balance
is calculated by adding the balance in the account for each day of the period
and dividing that figure by the number of days in the period. The period
we use is annual.
Accrual of Dividends on Noncash Deposits- Dividends will begin to
accrue on the business day you place noncash items (for example, checks)
to your account.
Transaction limitations:
You may make unlimited additions into your account.
There are no limitations on the frequency or timing of additions, except
that no additions can be made in the last seven days before maturity.
If any withdrawal is made from this account before ending of the club term,
then this account may be closed.
You may make withdrawals of principal from your account before maturity.
Principal withdrawn before maturity is included in the amount subject to
early withdrawal penalty.
You can only withdraw dividends credited in the term before maturity of that
term. You can withdraw dividends anytime during the term of crediting after
they are credited to your account.
Time Requirements - Your account will mature on a date to be determined
and disclosed to the membership annually.
Early Withdrawal Penalties (a penalty may be imposed for
withdrawals before maturity) - The penalty we may impose will equal
$3.00
In certain circumstances such as the death or incompetence of an owner of
this account, the law permits, or in some cases requires, the waiver of the
early withdrawal penalty. See your plan disclosure if this account is part
of an IRA or other tax qualified plan.
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Money Market Account
Rate Information:
The dividend rate and annual percentage yield may change at any time, as
determined by the credit union board of directors.
Compounding and Crediting - Dividends will be compounded every month.
Dividends will be credited to your account every month.
Dividend Period - For this account type, the dividend period is monthly,
for example, the beginning date of the first dividend period of the calendar
year is January 1, and the ending date of such dividend period is January
31. All other dividends periods follow this same pattern of dates. The dividend
declaration date is the last day of the dividend period, and for the example
above is January 31.
If you close your account before dividends are paid, you will not receive
the accrued dividends.
Minimum balance requirements:
The minimum balance required to open this account is $2,500.00.
You must maintain a minimum daily balance of $2,500.00 in your account each
day to obtain the disclosed annual percentage yield.
Daily Balance Computation Method - Dividends are calculated by the
daily balance method, which applies a daily periodic rate to the balance
in the account each day.
Accrual of Dividends on Noncash Deposits - Dividends will begin to
accrue on the business day you place noncash items (for example, checks)
to your account.
Transaction limitations:
During any month, you may not make more than six withdrawals or transfers
to another credit union account of yours or to a third party by means of
a preauthorized or automatic transfer or telephonic order or instruction.
No more than three of the six transfers may be made by check or similar order
to a third party. If you exceed the transfer limitations set forth above,
your account will be subject to closure by the credit union.
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Interest (Share Draft) Checking Account
Rate Information:
The dividend rate and annual percentage yield may change at any time, as
determined by the credit union board of directors.
Compounding and Crediting - Dividends will be compounded every month.
Dividends will be credited to your account every month.
Dividend Period- For this account type, the dividend period is monthly,
for example, the beginning date of the first dividend period of the calendar
year is January 1, and the ending date of such dividend period is January
31. All other dividends periods follow this same pattern of dates. The dividend
declaration date is the last day of the dividend period, and for the example
above is January 31.
If you close your account before dividends are paid, you will not receive
the accrued dividends.
Minimum balance requirements:
You must maintain a minimum average daily balance of $250.00 in your account
obtain the disclosed annual percentage yield.
Average Daily Balance Domputation Method - Dividends are calculated
by the average daily balance method, which applies a periodic rate to the
average daily balance in the account for the period. The average daily balance
is calculated by adding the balance in the account for each day of the period
and dividing that figure by the umber of days in the period. The period we
use is the monthly statement cycle.
Accrual of Dividends on Noncash Deposits - Dividends will begin to
accrue on the business day you place noncash items (for example, checks)
to your account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise stated
in the Common Features section.
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Value (Share Draft) Checking Account
Minimum balance requirements:
You must maintain a minimum average daily balance of $250.00 in your account
obtain the disclosed annual percentage yield.
Transaction limitations:
No transaction limitations apply to this account unless otherwise stated
in the Common Features section.
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Individual Retirement Account (IRA)
Rate information:
The dividend rate and annual percentage yield may change at any time, as
determined by the credit union board of directors.
Compounding and Crediting - Dividends will be compounded every quarter.
Dividends will be credited to your account every quarter.
Dividend Period - For this account type, the dividend period is quarterly,
for example, the beginning date of the first dividend period of the calendar
year is January 1, and the ending date of such dividend period is March 31.
All other dividends periods follow this same patterned of dates. The dividends
declarations date is the last day of the dividend period, and for the example
above is March 31.
If you close your account before dividends are paid, you will not receive
the accrued dividends.
Minimum balance requirements:
No minimum balance requirements apply to this account.
Average Daily Balance Computation Method - Dividends are calculated
by the average daily balance method which applies a periodic rate to the
average daily balance in the account for the period. The average daily balance
is calculated by adding the balance in the account for each day of the period
and dividing that figure by the umber of days in the period. The period we
use is the monthly statement cycle.
Accrual of Dividends on Noncash Deposits - Dividends will begin to
accrue on the business day you place noncash items (for example, checks)
to your account.
Transaction limitations:
During any month, you may not make more than six withdrawals or transfers
to another credit union account of yours or to a third party by means of
a preauthorized or automatic transfer or telephonic order or instruction.
No more than three of the six transfers may be made by check or similar order
to a third party. If you exceed the transfer limitations set forth above,
your account will be subject to closure by the credit union.
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Common Features
Bylaw requirements:
You must complete payment of one share in your Regular Savings account as
a condition of admission to membership. If the balance in your Regular Savings
account falls below $25.00, you may be terminated from membership immediately.
Transaction Limitation - We reserve the right to at any time require
not less than seven days notice in writing before each withdrawal from an
interest-bearing account other than a time deposit, or form any other savings
account as defined by Regulation D.
Nature of Dividends - Dividends are paid from current income and available
earnings, after required transfers to reserves at the end of a dividend period.
(This disclosure further explains the dividend feature of your non-term share
account(s).)
National Credit Union Share Insurance Fund - Member accounts in this
credit union are federally insured by the National Credit Union Share Insurance
Fund.
The following fees may be assessed against your account and the following
transaction limitations, if any, apply to your account.
Check printing………………….(fee depends on
style of check ordered) Please refer to our separate fee schedule for additional
information about charges.
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