Fee Schedule

Effective May 1, 2007

The following fees may be assessed against your account and the following transaction limitations, if any, applied to your account.

Replace ATM card
$5.00
ATM Cash Withdrawal
from checking or share savings account(s), per withdrawal in excess of four per calendar month at ATMs we do not own or operate
$ .95
Automatic Overdraft Transfer of Funds From a Share Account to a Checking Account
per transfer. This fee will be applied against your checking account(s).
$3.00
Excess Share Savings Withdrawal Fee
per share in excess of six per quarter
$1.00
Check Printing
Free "Pride of Membership" checks if you are over the age of 55 or a full-time student.
Fee depends on style of check ordered
Cashier's Checks
This fee will be waived (for four checks per day) if you have a checking account with us.
$1.00
Money Orders
This fee will be waived (for four money orders per day) if you have a checking account with us.
$1.00
Traveler's Checks
This fee will be waived if you have a checking account with us.
1% of purchase amount
Dormant Account
An account is considered dormant if for one year no withdrawals or deposits, other than credited dividends, have been made to the account, we have received no communications from you about any of your accounts, and your account statements have been returned for an incorrect address.
$60.00
Overdraft
(each debit or check paid)
$22.00
Nonsufficient funds item (each)
$22.00
Account Research
If credit union error, this fee will be waived.
$12.00 per hour ($10.00 minimum)
Copy of Statement
$5.00
Stop Payments
$20.00 per occurrence
Stop Payment Through Audio Teller
$10.00 per item
Wire Transfer – Outgoing
$15.00
International Wire
$30.00
Account Closed Within 90 Days of Opening
You may not reopen your account within 90 days of closing.
$5.00
Copy of Check
$5.00
Collection Item – Incoming
$20.00
Collection Item – Outgoing
$20.00
Garnishment/Levy
$15.00
Minimum Balance Fee
This fee will be charged each time the balance in your share savings account falls below $25.00 and each time the balance in your money market savings account falls below $1,000.00 The share savings account fee will be waived during the first six months your account is open and for minor accounts (under age 18).
$3.00
Check Plus Service Fee
This fee will be charged once per month if the average daily balance for that month falls below the minimum of $500.00
$6.00 per month

IV TRUTH IN SAVINGS

I. Share Savings Account and Share Draft Accounts

Except as specifically described, the following disclosures apply to all the account. All accounts described in this disclosure are share accounts.

  1. Rate information: The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Regular Share, Escrow Share, Christmas Club Share, Vacation Club Share, Special Share Savings and IRA Regular Share accounts, the Dividend Rate and Annual Percentage Yield may change quarterly as determined by the Credit Union’s Board of Directors. For Regular Share Draft and Money Market accounts, the Dividend Rand and Annual Percentage Yield may change monthly as determined by the Credit Union’s Board of Directors. The Dividend Rates and Annual Yield are the rates and yield as of the last dividend declaration date which is set forth in the Rate Schedule. The Regular Share Draft account is a Tiered Rate account. If you Average Daily Balance is form $250.00 to $2,499.00, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Average Daily Balance is $2,500.00 or greater, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. Once a particular range is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account. The Money Market account is a Tiered Rate Account. If your Average Daily Balance is from $2,500.00 to $14,999.99, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Average Daily Balance is form $15,000.00 to $24,999.99, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. If your Average Daily Balance is form $25,000.00 to $49,999.99, the third Dividend Rate and Annual Percentage Yield listed for this account will apply. If your Average Daily Balance is $50,000.00 or greater, the fourth Dividend Rate and Annual Percentage Yield listed for this account will apply. Once a particular range is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account. The IRA Regular Share Account is a Tiered Rate account. If your Average Daily Balance is form $100.00 to $5,000.00, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Average Daily Balance is form $5,001.00 to $10,000.00, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. If your average Daily Balance is from $10,000.01 to $50,000.00, the third Dividend Rate and Annual Percentage Yield listed for this account will apply. If your Average Daily Balance is $50,000.01 or greater, the fourth Dividend Rate and Annual Percentage Yield listed for this account will apply to the full balance of your account.
  2. Nature of Dividends: Dividends are paid form current income and available earnings after required transfers to reserves at the end of the dividend period.
  3. Dividend Compounding and Crediting: The compounding and crediting frequency of dividends and dividend period applicable to each account are stated in the Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. 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: For all account, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, you will not receive the accrued dividends. However, for Christmas Club Share and Vacation Club Share accounts, any accrued dividends will be paid if you close the account within seven (7) days of the date you open it.
  5. Balance Information: To open any account you must deposit or already have on deposit at least par value of one full share in a Regular Share account. The par value amount is stated in the Fee Schedule. Some accounts may have additional minimum opening deposit requirements. The minimum balance requirements applicable to each account are stated in the Rate Schedule. For all accounts, there is a minimum Average Daily Balance required to earn the Annual Percentage Yield disclosed for the dividend period. If the minimum average daily balance is not met, you will no earn the Annual Percentage Yield stated in the Rate Schedule. For accounts using the Average Daily Balance method as stated on the Rate Schedule, 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 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.
  6. Account Limitations: For Regular Share, Escrow Share, Christmas Club Share, Vacation Club Share, Special Share Savings, Money Market and IRA Regular Share accounts, no more that six (6) preauthorized automatic, or telephone transfers may be made from each account to another account or to a third part in any month and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If you exceed these limitations, your account my be subject to a fee or be closed. For Christmas Club Share accounts, if you withdraw from you account, you will be charged a fee as disclosed in the Fee Schedule. However, no fee will be charged if the withdrawal occurs within the seven (7) days of the date the account is opened. For Vacation Club Share accounts, the entire balance will be transferred to another account of yours on or after June 15th and the account will remain open. For Vacation Club Share accounts, if you withdraw from your account, you will be charged a fee as disclosed in the Fee Schedule. However no fee will be charged if the withdrawal occurs within sever (7) days of the date the account is opened. For Regular Share Draft accounts, no account limitations apply.

II. Share Certificate Accounts

Except as specifically described, the following disclosures apply to all of the accounts.

  1. Rate Information: The Annual Percentage Yield is the percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings. For all Certificate accounts, dividends may be paid directly to you or transferred to another account.
  2. Dividend Period: For each account, the dividend period is the account’s term. The dividend period begins on the first day of the term and ends on the maturity date.
  3. Dividend Compounding and Crediting: The compounding and crediting frequency of dividends are stated in the Rate Schedule.
  4. Balance Information: The minimum balance requirements applicable to each account are set forth in the Rate Schedule. To open any account, you must deposit or already have on deposit at least par value of one full share in a Regular Share account. The par value amount is stated in the Fee Schedule. Some accounts may have additional minimum opening deposit requirements. For all accounts, dividends are calculated by the Daily Balance method, which applies a periodic rate to the balance in the account each day.
  5. Accrual of Dividends: For all accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.
  6. Transaction Limitations: For all accounts, after your account is opened you may make withdrawals subject to the early withdrawal penalties stated below.
  7. Maturity: Your account will mature as stated on this Rate and Fee Schedule or on your Account Receipt or Renewal Notice.

Early Withdrawal Penalty:
We may impose a penalty if you withdraw from you account before the maturity date. Dividends may be withdrawn at any time without penalty.

Amount of Penalty: For Regular Share Certificate, Regular Monthly Dividend Withdrawal Certificate, Ira Share Certificate and IRA Monthly Dividend Withdrawal Certificate accounts, the amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows:

Terms of one year or less 90 days dividends

Terms of more than one year 180 days dividends

How the Penalty Works: the penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted for them principal.

Exceptions to Early Withdrawal Penalties: At our option, we may pay the account before maturity without imposing and early withdrawal penalty under the following circumstances:

 

(I) When an account owner dies or id determined legally incompetent by a court or other body of competent jurisdiction.

(II) Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after the establishment or where the account is a Keogh Plan (Keogh) provided that the depositor fortieths an amount of at least equal to the simple dividends earned in the amount withdrawn or where the account is an IRS of Keogh and the owner attains age 59 ½ or becomes disabled.

Renewal Policy: The renewal policy for your accounts is stated in the rate schedule. For all accounts, your account will automatically renew for another term upon maturity. You have a grace period of 7 days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty.

Non-transferable/Non-Negotiable. Your account is non-transferable and non-negotiable.