| Effective September 21, 2006
Member Information
- Dividends will be paid quarterly on this account; March 31st, June 30th, September 30th and December 31st.
- The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.
- There are minimum balances to earn dividends on this account. The range on the minimum balances are:
| $ 1.00 to $ 2,499.99 |
| $ 2,500.00 to $ 4,999.99 |
| $ 5,000.00 to $ 9,999.99 |
| $ 10,000.00 to $ 24,999.99 |
| $ 25,000.00 to $ 74,999.99 |
| $ 75,000.00 and over |
- If you close your share account before dividends are paid, you will not receive the accrued dividends.
- During the month you can make as many withdrawals as you wish in person. If not in person, this account is limited to six (6) withdrawals by other means. (For example, telephone transfers or similar order to a third party vendor).
- You must maintain a minimum daily balance of $2,500.00 in your account to avoid a maintenance service fee of $10.00.
- A maintenance fee of $10.00 will be charged for each time your balance falls under $2,500.00.
This account will be a personal account and will include trust accounts. This will NOT be available for businesses, organizations, clubs, etc.
- There will be no checks issued on this account (like money markets or share drafts). Corporate check withdrawal will be allowed. No $1.00 fee. However, if account falls under $2,500.00, a fee of $1.00 per check will apply.
- Early closure of new account fee – if new account is closed before 90 days, a $20.00 fee will be assessed.
Please check with our Member Service Representative for the current rates. |
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