Fee Schedule
SHARE ACCOUNT FEES
Share Account Overdraft Transfer Fee |
$2.00 per transfer |
Share Account Copy of Receipt Mailed |
$1.00 per receipt |
Share Account Reopened |
$10.00 |
Phone Transfer from Savings to Checking |
$2.00 same account |
SHARE DRAFT ACCOUNT FEES
Overdraft Privilege (including Debit Card Transactions) |
$25.00 per item |
NSF’s |
$25.00 per item |
Stop Payment Fee |
$20.00 per item |
Stop Payment Series
(Member must sign request for stop payment) |
$25.00 |
Share Draft Printing |
Prices Vary By Style |
Share Draft Copy |
$5.00 per copy in office |
OTHER SERVICE FEES
Bill Pay Service Fee* |
$3.00 |
Check Cashing Fee** |
$3.00 |
Account Reconciliation Fee * |
$10.00 per hour |
Account Research Fee * |
$10.00 per hour |
Statement Copy |
$1.00 per page |
Deposit Item Returned |
$20.00 per item |
Money Order Fee |
$ .75 each |
Cashier Check |
$1.00 (first check free) |
Stop Payment Cashier Check
(Member must sign affidavit) |
$30.00 per check |
Address Locator Fee |
$2.00 |
Negative Balance Fee |
$2.00 per day |
ATM Reissue Fee |
$10.00 |
ATM Transaction Fee |
$2.00 |
ATM Inquiry Fee |
$4.00 |
Overdraft Privilege ACH |
$25.00 per item |
ACH NSF Fee |
$25.00 per item |
ACH Stop Payment Fee
(Member must sign affidavit)
|
$20.00 per item |
Travelers Checks |
$ .15 per $100.00 |
Visa Cash Advance |
N/A |
Wire Transfer (National/International) |
$20.00 & $30.00 |
* Minimum fee $5.00
** Members making use of other services or under 18 years of age will not be charged.
Rate Schedule
Effective Date: November 2005
The rates, fees and terms applicable to your account at the Canton Police & Firemen’s Credit Union are provided in this Rate and Fee Schedule. The Canton Police & Firemen’s Credit Union may offer other rates for these accounts from time to time.
ACCOUNT TYPE |
SHARE(A) & ALL SUB ACCOUNTS |
CHRISTMAS CLUB |
SHARE DRAFT ACCOUNT |
|
|
|
|
DIVIDENDS Rate/APY |
.50% - .50% |
.75% - .75% |
N/A |
Dividends Compounded |
Daily |
Daily |
N/A |
Dividends Credited |
Quarterly |
Quarterly |
N/A |
Dividend Period |
Calendar Quarter |
Calendar Quarter |
N/A |
Minimum Opening Deposit |
$5.00 |
$0.00 |
Covering Check Cost |
Minimum Balance to Earn Dividends |
$250.00 |
$5.00 |
N/A |
Service Fee |
N/A |
N/A |
N/A |
Balance Method |
Average Daily |
Average Daily |
|
ACCOUNT LIMITATIONS |
N/A |
N/A |
N/A |
TRUTH IN SAVINGS ACCOUNT DISCLOSURES
Except as specifically described, the following disclosures apply to all accounts. All accounts described in this Rate and Fee Schedule are share accounts.
- 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. The Dividend Rate and Annual Percentage yield may change monthly as determined by the Credit Union’s Board of Directors.. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
- Nature of Dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
- 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 calendar day of the period and ends on the last calendar day of the period.
- Accrual of Dividends: Will begin to accrue on non cash deposits (e.g. checks) on the business day you make the deposit to your account.
- Balance Information: The minimum balance requirements applicable to each account are set forth in the Rate and Fee Schedule. For Share (A) accounts, and Sub Share Accounts there is a minimum average daily balance required to obtain the Annual Percentage Yield for the dividend period. If the minimum average daily balance is not met, you will not earn the stated Annual Percentage Yield for the dividend period. For share (A) and Christmas Club accounts, using a average daily balance method, dividends are calculated by applying a periodic rate to the average daily balance in the account for the period. The average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.
- Account Limitations: For a Christmas Club account the entire balance will be transferred to another account of yours on or after October 1st and the account will remain open. For all accounts, no account limitations apply.
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