Fees in Effect

Fees in Effect

Regular Shares:

Excessive Withdrawals:

If your share balance is below $200, you get 3 free withdrawals per quarter. The 4th and each additional withdrawal is $3.

Withdrawal by Mail:

The fee for a check sent by mail will be $2 if the withdrawal is less than $500. A maximum of 2 checks per month over $500 will be mailed free.

Third-Party Check Withdrawal Fee:

A fee of $3 is charged for check withdrawals under $1,000 made payable to another party.

Dormant Service Charge:

If your share balance is under $200 with no activity for 12 months, there will be a service charge of $5 per month.

CU-At-Home Fee:

Internet account access is free if you have a share draft account. If you do not, the fee is $20 for a year’s worth of service.

Statement Copy Fee: $2

Christmas Shares:

Early Withdrawals:

Members are allowed one withdrawal without penalty in addition to the annual payout. If a second withdrawal is required, a fee of 5% of the shares withdrawn (up to a maximum of $10) is charged, and the Christmas Club must close for that year.

Shares Drafts (Checking)/Transaction Accounts:

Monthly Fee:

A monthly fee of $5 is charged if your regular share (S-10) account is below $200 any day of the month.

Dormant Service Charge:

$2 per month is charged to draft accounts with less than 5 transactions.

Overdraft Transfer Fee:

There is no fee for the first two days per month of automatic overdraft transfers. The 3rd and 4th days are $5 each. The 5th and any additional days are $10 each.

NSF Return Fee:

Items #1 and #2 in the same month are $15 each, #3 and #4 are $20 each, and #5 is $25. The share draft account must close after the 5th NSF return in 90 days.

Stop Payment Fee: $5

Certified Draft Fee: $5

Draft Copy Fee: $2

Debit Cards:

ATM Withdrawal Fee: 50 cents

Lost Card Replacement Fee: $10 for the first instance, $50 for the second instance. If a card is lost more than twice, debit card privileges are revoked.

Fees are, sadly, a necessary evil to prevent loss of revenue on member account activity that costs the Credit Union money. We would like our members to avoid fees as much as possible. The best way to avoid fees is to ensure that your regular share (S-10) account always has a balance of $200 or more—this is the cutoff for free checking and unlimited withdrawals. Also, if you have checking (share drafts), use the account actively!

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