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Rates & Fees
The rates appearing below are accurate as of the last dividend declaration date. If you have any questions or require current rate information on your accounts, please call the Credit Union at 864-833-3097.
Par Value of Membership Shares: The Par Value of a Membership Share is $25.00.
| Share Account | Share Savings |
IRA Savings |
Christmas Club Savings |
Checking |
|---|---|---|---|---|
| Dividend Rate | .15% | 0.30% | .15% | .05% |
| Annual Percentage Yield | .15% | 0.30% | .15% | .05% |
| Dividends Compounded | Quarterly | Quarterly | Quarterly | Monthly |
| Dividend Period | Quarterly | Quarterly | Quarterly | Monthly |
| Minimum Opening Deposit | $25.00 | N/A | N/A | N/A |
| Minimum balance to avoid service charge and to earn APY set forth in this schedule | $300.00 | N/A | $300.00 to earn APY |
$500 to earn APY |
Rates effective March 31st, 2015
| Term Share Certificate Accounts | Fixed Rate Share Certificate Account | ||
|---|---|---|---|
| Minimum opening deposit – minimum balance to earn APY | $1,000.00 | ||
| Dividends compounded | Quarterly | ||
| Dividends credited | Quarterly | ||
| Dividend period | Quarterly | ||
| Term |
|
||
| 6 Month | Call for current rates | ||
| 12 Month | Call for current rates | ||
| 18 Month | Call for current rates |
| Credit to Accounts for Member Deposits and Business Day Disclosure | |
|---|---|
| The Credit Union's daily cut-off time: | All deposits or transactions received after the time we close for business on a day we are open or received on a day on which we are closed for business, will be treated as if received on the next business day that we are open. |
Club Accounts
| Account | Account Requirements | Distribution Methods |
|---|---|---|
| Christmas Club | Plan period 11/01 thru 10/31 | Deposit to primary share account or mail check |
| Fees and Service Charges for All Accounts and Services | |
|---|---|
| Membership fee | $2.00 |
| Excessive share savings withdrawal fee (after 1 per current month) | $5.00 |
| Closing account within 6 months of opening | $10.00 |
| Returned item fee (per item) | $30.00 |
| Account reconciliation fee (per hour 1 hour minimum) | $25.00 |
| Checking account reopen fee | $35.00 |
| Check copy (per item) | $3.00 |
| Member check cashing fee (non-checking account) | $4.00 |
| Statement copy fee (per statement / printout) | $5.00 |
| Merchant check recovery fee | $10.00 |
| Gift card fee | $2.50 |
| Check printing / checking accounts | Varies per style |
| Wire transfer (USA) fee (per transfer ) – outgoing | Actual cost |
| Wire transfer (international) fee (per transfer) | Actual cost |
| Internet Bill Pay password reset | $5.00 |
| Stop payment request fee (per request) | $15.00 |
| Inactivity / dormancy fee (per month after 12 months without activity) | $2.50 |
| Insufficient funds draft fee | $30.00 |
| ATM transaction fee (per transaction over 8 per month) | $1.00 |
| "No Check" checking account fee (per month) | $5.00 |
| Regular checking account fee (if balance drops below $200.00 during month) | $3.00 |
| ATM card and PIN replacement | $5.00 each |
| Primary account closing within 6 months of opening | $10.00 |
| Internet bill payment – first 15 transactions each month | $5.00 per month |
| Internet bill payment – each additional transaction over 15 in one month | $0.45 |
