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Account Disclosures & Fees

Account Disclosures

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 all accounts, the Dividend Rate and Annual Percentage yield may change quarterly as determined by the Credit Union's Board of Directors. The Base With Life Insurance account is a Tiered Rate account. If your account balance is $2,000.00 or below the first Dividend Rate and Annual Percentage Yield Listed for this account in the Rate Schedule will apply. If your account balance is greater than $2,000.00, the second Dividend Rate and range of Annual Percentage Yields listed for this account will apply. Each Dividend Rate will apply only to that portion of the account balance within each balance range.

2. Nature Of Dividends
Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.

3. Dividend Compounding & Crediting
The compounding and crediting of dividends and dividend period applicable to each account are set forth in the Rate Schedule. The Dividend Rage Period is the period of time at the end of which an earns dividend credit. The Dividend Rates and Annual Percentage Yields are the rates and yields as of the last dividend declaration date which is set forth in the Rate Schedule.

4. 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.

5. Balance Information
The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For all accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.

6. Account Limitations
For Base Without Life Insurance, Base With Life Insurance, and IRA accounts, no more than six (6) preauthorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party 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 may be subject to a fee or be closed. For Christmas Club, Scottie Kids Club, and Share Draft accounts, no account limitations apply.

Share Draft Account Fees

  • Overdraft Fee: $20.00 per item.
  • Returned Item Fee: $15.00 per item.
  • Stop Payment Fee: $10.00 per request.
  • Share Draft Printing Fee: Prices may vary depending upon style.
  • Toner Checks: $1.00 per page

Other Service Fees (applicable to all accounts)

  • Wire Transfer (outgoing) Fee: $15.00 per transfer.
  • Money Order Fee: $1.00 per item.
  • Returned Mail: $2.00 per return item
  • Remote Deposit: .50 per item

In the event you overdraw your account we may pay the draft and charge a fee or we may return and charge a fee.

The rates and fees appearing in this Schedule are accurate and effective for the accounts as of the Last Dividend Declaration Date indicated on the Rate and Fee Schedule. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union.


All funds in a ‘‘noninterest-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. The term ‘‘noninterest-bearing transaction account’’ includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal (‘‘NOW’’) account, moneymarket deposit account, and Interest on Lawyers Trust Account (‘‘IOLTA’’), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit
This credit union is federally insured by the National Credit Union Administration.
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