Effective
April 1, 2010
The following fees may be
assessed against your account and the following transaction
limitations, if any, applied to your account.
| Share Account Fees |
Regular Share Account Excessive Withdrawal Fee
per withdrawal
in excess of two per month |
$ 2.00 per withdrawal |
| Share Draft Account Fees |
NSF Fee
|
$27.00 per item |
| Returned Item Fee (Third Party) |
$8.00 per
item |
| Returned Item Fee (First Party) |
$30.00 per
item |
Stop Payment Fee
|
$25.00 per request |
Check Printing Fee
|
Prices may vary depending upon style |
NSF-Transfer Fee
|
$5.00 per transfer from Savings account |
Overdraft Protection Fee
|
$5.00 per item |
Classic Checking
|
FREE |
Basic Checking
|
$10.00/Month |
| Other Service Fees (applicable to all accounts) |
Statement Printout
Statement Reproduction (On Statement Paper)
|
$5.00 per copy
$8.00 per copy
|
| Deposited Item Return Fee (Third Party) |
$8.00 per item |
| Deposited Item Return Fee (First Party) |
$30.00 per item |
Wire Transfer (Outgoing) Fee
Wire Transfer (Incoming) Fee
|
$20.00 per transfer
$5.00 per transfer
|
| Travelers Check Fee |
$1.15 per
$100.00 |
| Inactive Account Fee |
$5.00 per month after 1 year |
| Cashier's Check Fee |
$3.00 for members with Checking. |
| Cashier's Check Fee |
$5.00 for members with Basic Checking or no checking |
| Photo Copy of Check |
$2.00 per copy |
| Research |
$10.00 per hour with 1 hour minimum plus .10 per copy. |
| Sales Draft Copy Fee |
$8.00 |
| Christmas Club Early Withdrawal Fee |
$5.00 per withdrawal |
| Printed History Fee |
$1.00 per page |
| Negligence Usage |
$25.00 |
| Home Banking Password Reset |
$25.00 |
Replacement Debit Card/PIN
Replacement Debit Card/PIN - RUSH Deliver
|
$10.00/$5.00
$30.00 |
| POS Insufficient Funds |
$27.00 |
| Account Reopen Fee (Within 6 months of closing) |
$10.00 |
| ACH Debits to savings account |
$5.00 per item |
| Annual ATM card (not Debit card) |
$24.00 |
| Annual Debit card |
$15.00 applies to "Basic Checking" only |
| Basic Checking |
$10.00 per month |
| Bill Pay |
FREE |
| Bill Pay (No activity for 60 days) |
Deactivation of Bill Pay account. $10.00 to reactivate |
| Check Cashing* |
$3.00 per check |
| Check Printing |
Prices vary depending on style and quantity |
| Coin/Coin Counting |
3% of total. Minimum $1.00 |
| Coin/Coin Counting - DBA accounts |
5% of total. Minimum $3.00 |
| Collection fee (loans or charge off items) |
$35.00 |
| DBA High Cash Usage |
1.5% of cash withdrawal amounts greater than $7,500 per month |
| Early account closure (within 180 days) |
$25.00 |
| Foreign (Outside US borders) Item Collection |
$40.00 plus exchange rate |
| Home Banking Password/Authentication Reset |
First reset - FREE. After 1st, $25.00 per reset. |
| Late Returns/Charge Back Items |
$10.00 |
| Legal Processing |
$50.00 (Tax Levy's, Garnishment's, Subpoena's, etc.) |
| Loan Application Fee |
$30.00 |
| Maintenance Returned Mail |
$5.00 per month |
| Manual ACH Posting |
$25.00 |
| Membership Fee (to join) |
FREE |
| Money Market |
$10.00 |
| Notary Service |
FREE to EVFCU members/$5.00 non-members |
| Official Check (Check Replacement) |
$15.00 |
| Repossession Fee |
$100.00 |
| Tax Refund Check Cashing |
1% of check amount or $10 minimum |
| Third Party Payee Checks |
$3.00 |
| Title Processing |
$38.00 |
| Verification of Deposit |
$10.00 |
*Does not apply to accounts with an active financial relationship. If any of the following are met, a fee will not be charged:
1. The member has a loan with the credit union with a current balance that is in good standing (excludes Quick Cash)
2. The member has an active checking account, CD, Money Market or IRS account with the credit union.
3. The member has an aggregate of $500 in accounts at the credit union.
IV
TRUTH IN SAVINGS
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.
1. 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 for frequency of compounding for an annual period. For Regular Share and IRA Share accounts, the Dividend Rate and Annual Percentage Yield may change at any time as determined by the Credit Union's Board of Directors. The Dividend Rates and Annual Percentage Yields are the rates and yields as of the last dividend declaration date which is set forth in the Rate Schedule.
2. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
3. Dividend Compounding and Crediting. The compounding and crediting of dividends and dividend and dividend period applicable to each account are set forth in the Rate Schedule. The Dividend Period begins on the first calendar day of the period and ends on the last calendar of the period.
4. Accrual of Dividends. For Regular Share and IRA Share accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit your account. For Regular Share and IRA Share accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.
5. Balance Information. To open any account, you must deposit or already have on deposit at least the par value of one full share in any 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 set forth in the Rate Schedule. For Regular Share and IRA 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 Regular Share and IRA Share accounts using an 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.
6. Account Limitations. For a Christmas Club account, the entire balance will be paid to you by check or transferred to another account of yours on or after November 1 and the account will remain open. If you withdraw any of the account balance at any time, we will close your account and pay you the full account balance. For Regular Share, IRA Share, Insurance and Share Draft accounts, no account limitations apply.
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