Fees
and Disclosures
| Share
Account Fees |
View
PDF |
| Checking
Account Fees |
View
PDF |
| Other
Service Fees |
View
PDF |
| Electronic
Funds Transfer Fees |
View
PDF |
| Credit
Union Membership |
|
| Membership
Share |
$5.00
per value |
Balance
Requirements
|
|
Regular
Savings Account |
Christmas
Club Account |
Kirby
Kangaroo Account |
IRA
Account |
Checking
Account |
| Minimum
Opening Deposit |
$5.00 |
$5.00 |
$5.00 |
$5.00 |
$25.00 |
| Minimum
Balance to Avoid a Service Fee |
$5.00 |
– |
$5.00 |
$5.00 |
– |
| Minimum
Balance to Earn the Stated APY |
$100.00 |
$100.00 |
$25.00 |
$100.00 |
$300.00 |
| Balance
Method |
Daily
Balance |
Daily
Balance |
Daily
Balance |
Daily
Balance |
Daily
Balance |
| Account
Limitations |
Account
transfer limitations apply |
Account
withdrawal limitations apply |
Account
transfer limitations apply |
Account
transfer limitations apply |
Account
transfer limitations apply |
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 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.
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 and Crediting.
The compounding and crediting of dividends and dividend period
applicable to each account are set forth 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 calender day of the period and ends on the last calender
day of the period.
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. For Regular Share, Kirby Kangaroo, IRA and Checking Accounts,
if you close your account before accrued dividends are credited,
accrued dividends will not be paid.
5. Balance
Information.
The minimum balance requirements applicable to each account are
set forth in the Rate Schedule. For Regular Share, Kirby Kangaroo
and IRA Accounts, there is a minimum daily balance required to
avoid a service fee for the dividend period. If the mimimum daily
balance is not met, there will be a service fee as set forth below.
For all accounts, there is a mimimum daily balance required to
obtain the Annual Percentage Yield for the dividend period. If
the minimum daily balance is not met, you will not earn the stated
Annual Percentage Yield. 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 Regular Share, Kirby Kangaroo, IRA and Checking 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.
| The
rates and fees appearing in this Schedule are accurate and
effective for accounts as of the Last Dividend Declaration
Date indicated above. If you have any questions or require
current rate and fee information on your accounts, please
call the Credit Union. |
