Fees
| Share Value/Membership Fee | |
|---|---|
| Par value of one share | $25.00 |
| Membership fee |
|
| Share Savings Account Fees | |
|---|---|
| Withdrawal fee | $1.50/Withdrawal, after 4 withdrawals per month |
| Checks/Teller Checks made Payable to third parties | $1.50/Each |
| Low Balance (Less than $25.00) | $3.00 per month |
| Checking Account Fees | |
|---|---|
| Overdraft fee | $22.00/Item |
| NSF fee | $22.00/Item |
| Stop Payment fee | $22.00/Request |
| Check Printing fee | Prices may vary depending upon style |
| Temporary Check Printing | |
|---|---|
| First time | Free |
| Additional Temporary Check | $3.00/12 |
| Interest Checking | |
|---|---|
| Maintenance fee | $6.00 per month if the minimum balance is not maintained |
| Excess Check fee | $0.10/Item for each check processed by us in excess of forty (40) during a monthly statement cycle |
| Red Apple Checking Account Balance Below $100.00 | $6.59/Month |
| Golden Red Apple Checking Account Balance Below $100.00 | $6.59/Month |
| Money Market | |
|---|---|
| After 6 Withdrawals (per month) | $7.50 fee per withdrawal |
| Super Money Market | |
|---|---|
| After 3 Withdrawals (per month) | $7.50 fee per withdrawal |
| VISA® Debit Card | |
|---|---|
| Replacement fee | $5.00 per card |
| Monthly Card fee | $0.00 |
| Lost and Stolen (Merchant Recapture) | $50.00 |
| Cashiers/Teller Checks made payable to third parties | $1.50 each |
| VISA® Credit Card | |
|---|---|
| Replacement fee | $7.50 |
| Other Service Fees (applicable to all accounts) | |
|---|---|
| Account Reconciliation fee | $19.00 per hour (minimum ½ hour) |
| Account Research fee | $19.00 per hour (minimum ½ hour) |
| Statement Copy fee | $2.50 per copy on line $3.50 from microfilm |
| Legal Process Fee | Set by Texas Law |
| Lien/Levy/Garnishment/Writ of Garnishment Processing Fee. **Plus any legal fees incurred by the credit union. | $30.00** |
| Deposited item return fee | $15.00 per item |
| Loan payment item return fee | $22.00 Per item |
| Items Sent for Collection fee | $3.00 per item |
| Reposession Processing | $250.00 per collateral |
| Wire Transfer Domestic (incoming) fee | $0.00 per transfer |
| Wire Transfer Domestic (outgoing) fee | $15.00 per transfer |
| Wire Transfer Foreign (Incoming) fee | $0.00 per transfer |
| Wire Transfer Foreign (outgoing) fee | $15.00 plus correspondent fees per transfer |
| Money order fee | $1.50 each |
| Check Cashing Fee for Nonmember | Up to 3% of check amount |
| Travelers Check (Checks for two) fee | $0.50/ $100.00 |
| eZ Pay (Electronic Credit Card Payment via Town North Bank) | $10.00 |
| Stop Payment Corporate Credit Union Checks | $22.00 |
| Copy of Member Check fee | $3.00 |
| Payroll Deduction Change fee | $1.00 |
| Returned Mail fee | $5.00 |
| Gift Check fee | $1.25 |
| Check Hold Research fee | $5.00 |
| VINguard TM Auto Facts | $15.00 (if the vehicle is financed with ECU within sixty (60) days of the report the fee will be reimbursed) |
| Visa Preauthorized Stop Payment | $25.00 |
| ATM Surcharge fee | Varies depending on machine used |
| Check By Phone Fee | $10.00 |
Electronic Funds Transfer Fees
| e-Branch | |
|---|---|
| Monthly fee | No fee |
| Finance Works Monthly fee | No fee |
| Mobile Banking Monthly fee | No fee |
| Text Banking Monthly fee | No fee |
| External Account Funds Transfer/Popmoney fee | Per transfer |
| Incoming | No fee |
| Outgoing | $2.50 |
| Next Day (Outgoing)* | $5.00 |
| NSF | $22.00 per item |
| Popmoney Stop Payment Fee | $22.00 |
| e-Docs | |
|---|---|
| Monthly fee | No fee |
| Web Bill Payment | |
|---|---|
| Monthly fee | Free |
| Monthly fee with e-Docs | Free |
| Monthly fee with Golden Apple Checking | Free |
| NSF fee | $22.00 |
| Stop Payment fee | $22.00 |
| Online Digital Documents | |
|---|---|
| Signing fee | No fee |
| Safe Deposit Box Fees | |
|---|---|
| Annual Rental | |
| Size | Fee |
| 3 x 10 | $24.00 per year |
| 5 x 10 | $40.00 per year |
| 10 x 10 | $72.00 per year |
| Change of Lock fee | $75.00, plus any locksmith charges |
| Drilling of Box fee | $75.00, plus locksmith charges for drilling |
| Replacement Key fee (per pair) | $25.00 |
| Externl Account Funds Transfer/Popmoney (per transfer) Continued | |||
|---|---|---|---|
| Send Money- Pay From | Fee (Free to receive) | Limit per day | Limit per (rolling) 30 days |
| Debit Card* | $2.50 | $500 | $1,000 |
| Bank Account | $2.50 | $2,000 | $5,000 |
| Next Day Service | $5.00 | $2,000 | $5,000 |
| *Debit card can only be used to send money thru Popmoney | |||
| Request Money | Fee | Limit per day | Limit per 30 days |
| Send a Request | $2.50 | $1,000 | $2,500 |
| Pay a Request | Free | $2,500 | $4,000 |
Effective as of January 4, 2016 which are subject to change without notice.
Disclosures
Savings and Checking Accounts Disclosure
The rates, fees, and terms applicable to your account at the Credit Union are provided in this Truth-in-Savings Disclosure. The Credit Union may offer other rates for these accounts from time to time.
| DEPOSIT ACCOUNT | SUMMER PAY ACCOUNT | |
|---|---|---|
| INTEREST Interest Rate/Annual Percentage Yield |
Rate Schedule | Rate Schedule |
| Interest Compounded | Daily | Daily |
| Interest Credited | Monthly | Quarterly |
| Balance Requirements | ||
| Minimum Opening Deposit | $25.00 | $25.00 |
| Minimum Balance to Avoid a Service Fee | — | — |
| Minimum Balance to Earn the Stated APY | $100.00 | $100.00 |
| Balance Method | Daily Balance | Daily Balance |
| Account Limitations (See Section 5 below) | Account transfer limitations apply |
Account transfer limitations apply |
| IRA ACCOUNT | EDUCATION SAVINGS ACCOUNT | |
|---|---|---|
| INTEREST Interest Rate/Annual Percentage Yield |
Rate Schedule | Rate Schedule |
| Interest Compounded | Monthly | Monthly |
| Interest Credited | Monthly | Monthly |
| Balance Requirements | ||
| Minimum Opening Deposit | $50.00 | $50.00 |
| Minimum Balance to Avoid a Service Fee | — | — |
| Minimum Balance to Earn the Stated APY | $25.00 | $25.00 |
| Balance Method | Daily Balance | Daily Balance |
| Account Limitations (See Section 5 below) | Account transfer limitations apply |
Account transfer limitations apply |
| HEALTH SAVINGS ACCOUNT | NO SERVICE CHARGE CHECKING ACCOUNT |
|
|---|---|---|
| INTEREST Interest Rate/Annual Percentage Yield |
Rate Schedule | Rate Schedule |
| Interest Compounded | Monthly | — |
| Interest Credited | Monthly | — |
| Balance Requirements | ||
| Minimum Opening Deposit | $50.00 | $25.00 |
| Minimum Balance to Avoid a Service Fee | — | — |
| Minimum Balance to Earn the Stated APY | — | — |
| Balance Method | Daily Balance | Daily Balance |
| Account Limitations | see HSA Page | |
| INTEREST CHECKING ACCOUNT | RED APPLE CHECKING ACCOUNT | |
|---|---|---|
| INTEREST Interest Rate/Annual Percentage Yield |
Rate Schedule | Rate Schedule |
| Interest Compounded | Monthly | — |
| Interest Credited | Monthly | — |
| Balance Requirements | ||
| Minimum Opening Deposit | $25.00 | $25.00 |
| Minimum Balance to Avoid monthly Service Fee of $6.00 | $900.00 | $100 |
| Minimum Balance to Earn the Stated APY | $900.00 | $900.00 |
| Balance Method | Daily Balance | Daily Balance |
| Account Limitations | — | — |
| GOLDEN APPLE CHECKING ACCOUNT | GOLDEN RED APPLE CHECKING ACCOUNT | |
|---|---|---|
| INTEREST Interest Rate/Annual Percentage Yield |
Rate Schedule | Rate Schedule |
| Interest Compounded | Monthly | Monthly |
| Interest Credited | Monthly | Monthly |
| Balance Requirements | ||
| Minimum Opening Deposit | $25.00 | $25.00 |
| Minimum Balance to Avoid Monthly Service Fee of $6.59-Golden Red Apple Only | — | $100.00 |
| Minimum Balance to Earn the Stated APY | $900.00 | $900.00 |
| Balance Method | Daily Balance | Daily Balance |
| Account Limitations | — | — |
TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES
Except as specifically described, the following disclosures apply to all of the accounts.
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Rate Information.
The Annual Percentage Yield is a percentage rate that reflects the total amount of interest to be paid on an account based on the interest rate and frequency of compounding for an annual period. For Deposit, Summer Pay, IRA, Education Savings, Interest Checking, Red Apple Checking, Golden Red Apple Checking and Golden Apple Checking accounts, the Interest Rate and Annual Percentage Yield may change at any time as determined by the Credit Union’s Board of Directors.
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Interest Compounding and Crediting.
The compounding and crediting of interest applicable to each account are set forth in the Rate Schedule. The Interest Period begins on the first calendar day of the period and ends on the last calendar day of the period.
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Accrual of Interest.
For Deposit, Summer Pay, IRA, Education Savings, Interest Checking, Red Apple Checking, Golden Red Apple Checking, and Golden Apple Checking accounts, interest will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. For Deposit, Summer Pay, IRA, Education Savings, Interest Checking, Red Apple Checking, Golden Red Apple Checking, and Golden Apple Checking accounts, if you close your account before accrued interest is credited, accrued interest will not be paid.
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Balance Information.
The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For Interest Checking, Red Apple Checking and Golden Red Apple Checking, there is a minimum daily balance required to avoid a service fee for the interest period. If the minimum daily balance is not met, there will be a service fee as set forth on the Fee Schedule. For Deposit, Summer Pay, IRA, Education Savings, Interest Checking, Red Apple Checking, Golden Red Apple Checking and Golden Apple Checking accounts, there is a minimum daily balance required to obtain the Annual Percentage Yield for the interest period. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. For all accounts using a Daily Balance method, interest is calculated by applying a daily periodic rate to the principal in the account each day.
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Account Limitations.
For Deposit and Summer Pay accounts, no more than six (6) preauthorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be by check, draft, or debit card to a third party. If you exceed these limitations, the transfer will not be made or your account may be subject to a fee or be closed. For IRA accounts and Education Savings accounts, you may not make any preauthorized, automatic or telephone transfers from you account at any time. For Interest Checking, No Service Charge Checking, Red Apple Checking, Golden Red Apple Checking and Golden Apple Checking, no account limitations apply.
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Monthly Maintenance Fee.
For Red Apple Checking and Golden Red Apple Checking, if balance falls below $100, the maintenance fee is $6.59. For Interest Checking, if balance falls below $900.00, the maintenance fee is $6.00.
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Fees for Overdrawing Accounts.
Fees for overdrawing your account may be imposed on each check, draft, item, ATM transaction and one-time debit transaction (if member has consented to overdraft protection plan for ATM and one-time debit card transactions), preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft or item. You may consult the Funds Availability Policy Disclosure for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit. Please refer to the Fee Schedule for current fee information.For ATM and one-time debit transactions, you must consent to the Credit Union’s overdraft protection plan in order for the transaction amount to be covered under the plan. Without your consent, the Credit Union may not authorize and pay an overdraft resulting from these types of transactions. Services and fees for overdrafts are shown in the document the Credit Union uses to capture the member’s opt-in choice for overdraft protection and the Schedule of Fees and Charges
Share Savings, Money Markey and Super Money Market Accounts Disclosure
The rates, fees, and terms applicable to your account at the Credit Union are provided in this Truth-in-Savings Disclosure. The Credit Union may offer other rates for these accounts from time to time.
| MONEY MARKET ACCOUNT | SUPER MONEY MARKET ACCOUNT | SHARE SAVINGS ACCOUNT | |
|---|---|---|---|
| Dividend Rate/Annual Percentage Yield | Rate Schedule | Rate Schedule | Rate Schedule |
| DIVIDENDS | |||
| Dividends Compounded | Monthly | Monthly | Monthly |
| Dividends Credited | Monthly | Monthly | Monthly |
| Dividend Period | Monthly (calendar) | Monthly (calendar) | Monthly (calendar) |
| BALANCE REQUIREMENTS | |||
| Minimum Opening Deposit | $15,000.00 | $25,000.00 | $25.00 |
| Minimum Balance to Avoid a Service Fee | — | — | — |
| Minimum Balance to Earn the Stated APY | $ 2,500.00 | $ 2,500.00 | $100.00 |
| Balance Method | Daily Balance | Daily Balance | Daily Balance |
| ACCOUNT LIMITATIONS (See Section 6 below) | Account Transfer limitations apply |
Account Transfer limitations apply |
Account Transfer limitations apply |
TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES
Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in this Truth-In-Savings Disclosure are share accounts.
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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. For Share Savings accounts, the Dividend Rate and Annual Percentage Yield may change at any time as determined by the Credit Union’s Board of Directors. For Money Market Savings accounts, 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 rates and yield as of the last dividend declaration date, which is set forth in the Rate Schedule. The Share Savings account is a Tiered Rate account. If your Daily Balance is $100.00 to $4,999.99, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Daily Balance is from $5,000.00 to $24,999.99, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. If your Daily Balance is from $25,000.00 to $49,999.99, the third Dividend Rate and Annual Percentage Yield listed for this account will apply. If your Daily Balance is from $50,000.00 or greater, the fourth Dividend Rate and Annual Percentage Yield listed for this account will apply. Once a particular range is met, the Dividend Rate and Annual Percentage Yield for that balance will apply to the full balance of your account. The Money Market Savings account is a Tiered Rate account. If your Daily Balance is from $2,500.00 to $24,999.99, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Daily Balance is from $25,000.00 to $49,999.99, the second Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Daily Balance is from $50,000.00 to $99,999.99, the third Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Daily Balance is from $100,000.00 or greater, the fourth Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. Once a particular range is met, the Dividend Rate and Annual Percentage Yield for that balance will apply to the full balance of your account. The Super Money Market Savings account is a Tiered Rate account. lf your Daily Balance is from $2,500.00 to $24,999.99, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. lf your Daily Balance is from $25,000.00 to $49,999.99, the second Divided Rate and Annual percentage Yield listed for this account in the Rate Schedule will apply. If your Daily Balance is from $50,000.00 to $99,999.99, the third Dividend Rate and Annual Percentage Yield listed for this account in the Rate schedule will apply. lf your Daily Balance is from $100,000.00 to $149,999.99, the fourth Divided Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Daily Balance is from $150,000.00 to $159,999.99, the fifth Dividend Rate and Annual percentage yield listed for this account in the Rate Schedule will apply. lf your Daily Balance is from $160,000.00 or greater, the sixth Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. Once a particular range is met, the Dividend Rate and Annual Percentage Yield for that balance will apply to the full balance of your account.
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Nature of Dividends.
Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
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Dividend Compounding and Crediting.
The compounding and crediting frequency of dividends and dividend period applicable to each account are stated 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.
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Accrual of Dividends.
For all accounts, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, you will not receive the accrued dividends.
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Balance Information.
To open any account you must deposit or already have on deposit at least the par value of one full share in a Share account. The par value amount is stated in the Fee Schedule. Some accounts may have additional minimum opening deposit requirements. The minimum balance requirements applicable to each account are stated in the Rate Schedule. For all accounts, there is a minimum Daily Balance required to earn the Annual Percentage Yield disclosed for the dividend period. If the minimum daily balance is not met each day of the dividend period, you will not earn the stated Annual Percentage Yield. For accounts using the Daily Balance method as stated on the Rate Schedule, dividends are calculated by applying a daily periodic rate to the balance in the account each day.
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Account Limitations.
For all accounts, no more than six (6) pre-authorized, automatic, or telephone transfers may be made from each account to another account or a third party in any month. If you exceed these limitations, your account may be subject to a fee or be closed. For Super Money Market you are allowed no more than 3 pre authorized or telephone transfers. If you exceed these limitations, your account may be subject to a fee or closed.
- Fees for Overdrawing Accounts. Fees for overdrawing your account may be imposed on each check, draft, item, ATM transaction and one-time debit transaction (if member has consented to overdraft protection plan for ATM and one-time debit card transactions), preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft or item. You may consult the Funds Availability Policy Disclosure for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit. Please refer to the Fee Schedule for current fee information.For ATM and one-time debit transactions, you must consent to the Credit Union’s overdraft protection plan in order for the transaction amount to be covered under the plan. Without your consent, the Credit Union may not authorize and pay an overdraft resulting from these types of transactions. Services and fees for overdrafts are shown in the document the Credit Union uses to capture the member’s opt-in choice for overdraft protection and the Schedule of Fees and Charges
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BONUS.
Scottie Savers Club account holders earn one (1) Scottie Buck for each $5.00 deposited. Scottie Bucks may be redeemed for Scottie items on display at the Credit Union.
Certificate of Deposit Account Disclosure
The rates and fees appearing in these Schedules are accurate and effective for accounts as of the Effective Date indicated in these Rate and Fee Schedules. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union.
The Credit Union may offer other rates for these accounts from time to time.
Effective Date: Certificate of Deposit Date
Maturity Date: Certificate of Deposit Date
TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES
Except as specifically described, the following disclosures apply to all of the accounts.
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Rate Information.
The Annual Percentage Yield is a percentage rate that reflects the total amount of interest to be paid on an account based on the interest rate and frequency of compounding for an annual period. For Certificate of Deposit accounts, the Interest Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. The Annual Percentage Yield is based on an assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.
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Interest Compounding and Crediting.
The compounding and crediting of interest applicable to each account is set forth in the Savings Rate Schedule. *If crediting dividends Monthly or Quarterly, dividends will be transferred to another account or check mailed. If crediting dividends at Maturity, dividends can be added to CD, transferred to another account or check mailed.
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Balance Information.
The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For Certificate of Deposit accounts, interest is calculated by the Daily Balance method which applies a daily periodic rate to the principal in the account each day.
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Accrual of Interest.
For Certificate of Deposit accounts, interest will begin to accrue on noncash deposit (e.g. checks) on the business day you make the deposit to your account.
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Transaction Limitations.
After the account is opened, you may make deposits into the account until the maturity date stated on the account. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
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Maturity.
Your account will mature as indicated on your Certificate of Deposit
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Early Withdrawal Penalty.
We may impose a penalty if you withdrawal before the maturity date. If your account has an original maturity of 182 days or less: The penalty we impose will equal three (3) months of interest on the amount withdrawn subject to penalty. If your account has an original maturity of 12 months or greater: The penalty we impose will equal half the term of interest on the amount withdrawn subject to penalty. There are certain circumstances, such as the death or incompetence of an owner where we may waive or reduce this penalty. See your plan disclosure if this account is part of an IRA or other tax quantified plan.
How the Penalty Works.
The penalty is calculated as a forfeiture of part of the interest that has been or would be earned on the account. It applies whether or not the interest has been earned. In other words, if the account has not yet earned enough interest or if interest has already been paid, the penalty will be deducted from the principal.
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Renewal Policy.
Your Certificate of Deposit will either be automatically renewable or non-automatically renewable as indicated on your Certificate of Deposit. Automatically renewable account is defined as the Certificate of Deposit will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity or we receive written notice from you within the ten day grace period after the maturity date of this certificate. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity. Non-automatically renewable account is defined as the Certificate of Deposit will not automatically renew at maturity. If you do not renew the account, interest will not accrue after maturity.
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Each renewal term
will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new certificates of deposit accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original certificate of deposit account.
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Nontransferable/Nonnegotiable.
Your account is nontransferable, nonnegotiable, and non assignable except as collateral at the option of the credit union.