| Mission
Statement
The purpose of the
Federal Credit Union shall be to provide
its members quality financial services consistent with cooperative
principles, applicable legislation and prudent management.
The Credit Union shall serve its members by striving to:
- Facilitate
the accumulation of member savings.
- Be
a source of credit at competitive rates of interest.
- Provide
diverse financial services.
The Credit
Union pays dividends on all accounts with the exception of
share drafts and share certificates based on the average daily
balance method with a minimum of $100 in the Share, club accounts
and special savings. There will be no dividends paid on share
draft accounts. All term share accounts will be credited with
dividends quarterly with dividends available at maturity.
The Board of Directors will determine the quarterly dividend
rate. All dividends are paid solely on the availability of
current income and Undivided Earnings after any all transfers
are made to Reserve accounts at the quarter end.
Dividend earnings begin to accrue on deposits as they are
made. The average daily balance method calculates your dividend
using the beginning balance of each day for its dividend.
Transaction
Limits
The maximum
amount of cash withdrawals at either of our offices is $500.00
per day. Exceptions may be made depending of the availability
of excess funds and management's approval.
FEE
SCHEDULE FOR OUR CREDIT CARD
Finance
charges - as low as 8.9% ANNUAL
Overlimit
charges - $10 will be assessed to the account for any
overlimit transaction of $1 or more.
Minimum
payment - The minimum payment required is the New Balance
shown on the statement if the amount is equal to less than
$20. If the New Balance exceeds $20 the minimum payment is
3% of that portion of the New Balance which does not exceed
the individual credit limit or $20 whichever is greater, plus
any amount past due.
Late
charges - If the minimum required payment is not received
within 5 days after the Closing date subsequent to the payment
due date, a late charge of $10 is imposed for any amount over
$1.
FEE
SCHEDULE FOR OUR DEBIT CARD
$1.00 fee per ATM transaction deducted monthly from your checking
account
$5.00 fee for a second request reissue or after for Lost/Stolen
card
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