| Main Share Account |
|
Minimum Deposit
|
$25.00 ($5.00 if age 17 or less) per member on account
|
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Minimum Balance to Earn Dividend
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$50.00 ($5.00 if age 17 or less)
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Returned Third Party Deposit
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$3.00 per check returned
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Share Stop Payment
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$15.00 per stopped payment
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Share Check Copy
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$5.00 per check copy
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Share Withdrawal
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None (excluding third party checks)
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| Holiday and Vacation Club Account |
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Minimum Deposit
|
None
|
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Minimum Balance to Earn Dividend
|
None
|
|
Closeout/Early Withdrawal
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$10.00 per transaction
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| |
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| Share Certificate Regular |
|
Minimum Deposit
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$1,000.00
|
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Renewability of Account
|
Automatic
|
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Early Withdrawal Penalties
|
Equal to three months dividends on accounts with maturities of up to one year and equal to six months dividends on accounts with maturities of one year or greater
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| |
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| Share Certificate Premium |
|
Minimum Deposit
|
$50,000.00
|
|
Renewability of Account
|
Automatic
|
|
Early Withdrawal Penalties
|
Equal to three months dividends on accounts with maturities of up to one year and equal to six months dividends on accounts with maturities of one year or greater
|
| |
|
| Individual Retirement Account |
|
Minimum Deposit
|
None
|
|
Minimum Balance to Earn Dividend
|
None
|
| |
|
| Individual Retirement Share Certificate Account Regular |
|
Minimum Deposit
|
$1,000.00
|
|
Renewability of Account
|
Automatic
|
|
Early Withdrawal Penalties
|
Equal to three months dividends on accounts with maturities of up to one year and equal to six months dividends on accounts with maturities of one year or greater
|
| |
|
| Individual Retirement Share Certificate Account Premium |
|
Minimum Deposit
|
$50,000.00
|
|
Renewability of Account
|
Automatic
|
|
Early Withdrawal Penalties
|
Equal to three months dividends on accounts with maturities of up to one year and equal to six months dividends on accounts with maturities of one year or greater
|
| |
|
| Checking Accounts |
|
Minimum Deposit
|
None
|
|
Monthly Fee -- Basic Checking
|
None
|
|
Monthly Fee -- Dividend Checking
|
$5.00 per month
|
|
Checking Transfer Fee
|
$10.00 per transaction
|
|
Returned Check
|
$20.00 per check returned
|
|
Returned Third Party Check
|
$3.00 per check returned
|
|
Check Exception
|
$10.00 per check exception
|
|
Stop Payment
|
$15.00 per stopped payment
|
|
Check Orders
|
Prices will vary
|
|
Check Copies
|
Checks having cleared within prior three months of request:
If member has direct deposit of net pay or retirement benefits: 6 free per month, $1.00 each additional copy thereafter
All other members: $1.00 per copy
Checks having cleared prior to three months of request:
$5.00 per copy plus $25 per hour research fee
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| |
|
| Automatic Teller Machines |
| Free transactions per month |
Credit Union-owned ATMs:
Unlimited
Non-RTN FCU ATMs:
5 free, per month, from checking if enrolled in the Performance Package
All transactions free if enrolled in the Infinity Club
|
|
Additional transactions
|
Non-RTN FCU ATMs:
$1.00 each from:
» Main Share account
» transactions over the 5 free allowed per month from checking if enrolled in the Performance Package
|
| Deposit Fee |
None -- Unlimited
|
| Maximum Withdrawal |
$505.00 per day
|
| Replacement Card |
$10.00 after 1st replacement card
|
| ATM Overdraft |
$10.00 per overdraft
|
| Point of Sale Item Fee |
Free
|
| |
|
| Miscellaneous |
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Bill Payer
|
Free if enrolled in the Performance Package or the Infinity Club.
Otherwise, free for first 90 days, $3.00 per month thereafter
|
|
3rd Party Checks
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$2.00 per check
|
|
Foreign Check Collection (See Exchange Rate footnote)
|
$30.00 per check.
Canadian Checks: 1% fee (US) Min $10/Max $30
|
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Traveler's Checks
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Free / $.50 per $100 "Checks for Two"
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|
American Express Gift Checks
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$2.50 per check
|
|
Certified Checks
|
$5.00 per check
|
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Money Orders
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$1.25 per check
|
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Wire Transfers (See Exchange Rate footnote)
|
Incoming
None
Outgoing
Domestic (US) - $20.00 per transfer
Foreign - varies
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|
Research
|
$25.00 per hour
|
|
Statement Copies
|
$2.00 per statement
|
|
Online Printout
|
$2.00 per printout
|
|
Abandoned Property
|
$50.00 per account
|
The fees and charges are accurate as of the date published above, subject to change and replace all previously quoted fees and charges. Please call a Member Services Representative at 1-800-338-0221 to obtain current fee information. |
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Exchange Rate footnotes
Foreign Check Deposits
The Credit Union uses a third party to convert foreign checks into U.S. dollars for deposit into members’ accounts and/or for members’ loan payments. Due to the limited quantity of these items we receive, we are subject to current market forces and exchange rates for low-dollar amount transactions. The exchange rate quoted in major publications and online financial sites are usually for multi-million dollar transactions and can vary significantly from the exchange rate that we are able to obtain on behalf of our members.
The Credit Union passes through to members dollar-for-dollar what it receives when converting foreign checks into U.S. currency. The only Credit Union charges imposed are those clearly stated on our fee schedule.
What can members do to have better control over the exchange rate on non-U.S.-based checks and wire transfers?
If possible, we recommend members consider exchanging non-U.S. currency checks and/or wire transfers into U.S. dollars at the point of origin prior to making a deposit or loan payment. In so doing, members know up front exactly what the exchange rate — and fees, if applicable — will be prior to conducting a transaction. The Credit Union will then be receiving U.S. funds and will process the deposit/loan payment to the members’ account.
Outgoing foreign wire transfers
If a member is interested in sending funds to a foreign country, we recommend members convert U.S. dollars into the receiving country’s currency PRIOR to sending the wire. By so doing, the member knows — and agrees — at the point of origin what the exchange rate will be and also knows the proper amount in the foreign currency that will be transferred to the receiving party. The Credit Union provides this service to members.
A note regarding exchange rate risk
Regardless of how a member structures these types of transactions, it is the member who ultimately assumes any inherent risk associated with fluctuating exchange rates. The Credit Union passes through to members dollar-for-dollar what it receives when converting foreign items into U.S. currency.
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