Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund for up to $100,000.00. The APR’s and APY’s may change every month as determined by the Credit Union Board of Directors.
SHARES
| Balance |
APR |
APY |
| $.00 - $99.99 |
0.00% |
0.00% |
| $100 - $4,999.99 |
.75% |
.75% |
| $5,000 - $9,999.99 |
.90% |
.90% |
| $10,000 - $19,999.99 |
1.10% |
1.10% |
| $20,000 - $49,999.99 |
1.30% |
1.31% |
| $50,000 & over |
2.85% |
2.89% |
Nature of Dividends
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
Compounding & Crediting
Dividends will be compounded and credited to your account every month. If you close your account before dividends are credited, you will not receive accrued dividends.
Dividend Period
The dividend period is monthly; dividends are credited to the member’s account on the first day of the following month.
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 Non-Cash Deposits
Dividends will begin to accrue the business day you place non-cash items in your account.
Par Value of a Share
The par value of a share in this account if five dollars ($5).
Minimum Balance Requirements
The minimum balance to open this account is $5. You must maintain a balance of $100 in your account each day to obtain the disclosed annual percentage yield.
Withdrawals
We reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted, which is for less than the minimum withdrawal requirement ($5.00), or which exceeds any frequency limitation. We reserve the right to require you to notify us of your intention to withdraw shares from this account as explained in our bylaws. See our notice of penalties for early withdrawal.
Transaction Limitations
During any month, you may not make more than two (2) withdrawals from your share account. If you exceed the limitation, your account will be charged one dollar ($1) for each withdrawal, and your account will be subject to closure by the Credit Union.
Fees & Charges
An excessive withdrawal fee of $1 will be charged for each withdrawal in excess of two (2) per month. A low balance fee of five dollars ($5) will be charged on accounts with a balance of less than one hundred ($100). The fee will be charged per transaction if the withdrawal causes the balance to fall below $100. Other fees are listed in our
disclosure.
