Share Rates
For Current Rates, if locally call (915) 772-5247 or if out of town call (888) 772-WTCU (9828) . APY is Annual Percentage Yield paid on deposit accounts. APY assumes dividends remain in the account until maturity. Withdrawals reduce earnings. All accounts must remain open through the end of the dividend period or the maturity date to be paid the accrued dividends. The above rates were paid for their respective dividend periods. Dividends are paid at the end of the period from the current income and the available earnings after required transfers to reserves. These rates are not guaranteed for the current dividend period. | Dividend Rate/Annual Percentage Yield | Dividends Compounded | Dividends Credited | Dividend Period | Minimum Opening Deposit | Minimum Balance to Avoid a Service Fee | Minimum Balance to Earn the Stated APY | Balance Method | Account Limitations |
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| Regular Share Account |
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| 1.00%/1.004% | Quarterly | Quarterly | Calendar Quarter | $15.00 | $15.00 | $200.00 | Average Daily Balance | Account transfer and withdrawal limitations apply. | | Auxilliary Account |
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| 1.00%/1.004% | Quarterly | Quarterly | Calendar Quarter | -- | -- | $200.00 | Average Daily Balance | Account transfer and withdrawal limitations apply. | | Christmas Club Account |
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| 1.00%/1.004% | Quarterly | Quarterly | Calendar Quarter | -- | -- | $200.00 | Average Daily Balance | Account transfer and withdrawal limitations apply. | | IRA Account |
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| 2.75%/ 2.7780% | Quarterly | Quarterly | Calendar Quarter | $25.00 | -- | $100.00 | Average Daily Balance | -- | | Mortgage Payment Account |
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| --/-- | -- | -- | -- | -- | -- | -- | -- | Account transfer and withdrawal limitations apply. | | Money Market Account |
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- 1.00% / 1.004%
- 2.00% / 2.018%
- 2.50% / 2.529%
- 3.00% / 3.042%
| Monthly | Monthly | Monthly (Calendar) | $2,500.00 | $2,500.00 | $200.00 | Average Daily Balance | Account transfer and withdrawal limitations apply. | | Share Draft Account |
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| .50% / .501% | Monthly | Monthly | Calendar Month | $25.00 | -- | $1000.00 | Average Daily Balance | -- | | Business Share Draft Account |
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| --/-- | -- | -- | -- | $25.00 | -- | -- | -- | -- |
Share Certificate Rates| Term | APR* | APY** |
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| 6 Month | 2.85% | 2.870% |
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| 1 Year | 3.50% | 3.50% |
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| 2 Year | 3.75% | 3.75% |
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| 3 Year | 4.00% | 4.00% |
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| 4 Year | 4.10% | 4.10% |
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| 5 Year | 4.25% | 4.25% |
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- *APR is Annual Percentage Rate. **APY is Annual Percentage Yield. Minimum deposit of $1,000 required to open. Penalty for early withdrawal. Rates subject to change without notice.
Except as specifically described, the following disclosures apply to all of the accounts. All accounts described above are share accounts. - 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 Regular Share, Auxiliary, Christmas Club, IRA, Money Market, Share Draft and Silver Share Draft accounts, the Dividend Rate and Annual Percentage Yield may change at any time as determined by the Credit Union?s Board of Directors. The Money Market account is a Tiered Rate account. If your Average Daily Balance is from $200.00 to $2,499.99, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Average Daily Balance is from $2,500.00 to $9,999.99, the second Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Average Daily Balance is from $10,000.00 to $24,999.99, the third Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Average Daily Balance is $25,000.00 and above, 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 range will apply to the full balance of your account. 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.
- Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
- Dividend Compounding and Crediting. The compounding and crediting of dividends and dividend period applicable to each account are set forth 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.
- Accrual of Dividends. For Regular Share, Auxiliary, Christmas Club, IRA, Money Market, Share Draft and Silver Share Draft accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. For Regular Share, Auxiliary, Christmas Club, IRA, Money Market, Share Draft and Silver Share Draft accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.
- Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For Regular Share accounts, there is a minimum average daily balance required to avoid a service fee for the dividend period. If the minimum average daily balance is not met, there will be a service fee as set forth on the reverse side. For Money Market accounts, there is a minimum daily balance required to avoid a service fee for the dividend period. If the minimum daily balance is not met, there will be a service fee as set forth on the reverse side. For Regular Share, Auxiliary, Christmas Club, IRA, Money Market, Share Draft and Silver Share Draft 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, Auxiliary, Christmas Club, IRA, Money Market, Share Draft and Silver Share Draft 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.
- Account Limitations. For Regular Share, Auxiliary, Christmas Club, Mortgage Payment, and Money Market 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 made by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed. For a Christmas Club account, the entire balance will be paid to you by check or transferred to another account of yours from November 1 to December 31 and the account will remain open. You may be charged a withdrawal fee of $1.00 after three (3) withdrawals per month for each withdrawal from the account. You may make transfers or withdrawals in the first seven (7) days after the account is opened without restriction. For Regular Share, Auxiliary and Mortgage Payment accounts, three (3) withdrawals per month allowed, after which a fee will be imposed. For Money Market accounts, a total of six (6) withdrawals and transfers per month are allowed whether pre-authorized, automatic, telephone transfer, internet based, over the counter or by check. If this limitation is exceeded, a fee will be imposed. For IRA, Share Draft, Business Share Draft and Silver Share Draft accounts, no account limitations apply.
Fee ScheduleShare Draft Account Fees| Share Draft Service Fee | $2.00 per month |
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| Business Share Draft Service Fee | $2.00 per month |
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| Returned Draft Fee | $25.00 per item |
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| Stop Payment Fee | $25.00 per request |
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| Check Order Fee | Prices may vary depending upon style. |
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| Negative Balance Fee | $25.00 per item |
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| Temporary Checks Fee | $2.00 per eight (8) checks. |
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| Draft Copy Fee | $3.00 per item |
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| Overdraft Transfer Fee | $.50 per transfer |
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| Return ACH Fee | $25.00 per item |
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| ATM fee assessed for each transaction at any ATM not part of CuAnytime or Co-Op Network Fee | $1.00 per transaction |
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| ATM/Debit/Credit Card Replacement Fee | $5.00 per card |
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Other Service Fees Applicable to all accounts| Account Reconciliation Fee | $15.00 per hour |
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| Account Research Fee | $15.00 per hour |
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| Statement Copy Fee | $1.00 per period |
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| Deposited Item Return Fee | $5.00 per item |
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| Items Sent for Collection Fee | Actual cost plus $5.00 |
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| Wire Transfer (outgoing) Fee | $10.00 per transfer |
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| Wire Transfer (incoming) Fee | $2.50 per transfer |
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| International Wire Transfer Fee | $25.00 per transfer |
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| Western Union Wire Transfer Fee | $15.00 per transfer |
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| Money Order Fee | $1.00 per money order |
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| Travelers Check Fee | 1% of total purchase |
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| Travelers Checks for Two Fee | 1% of total purchase |
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| Gift Check Fee | $2.50 per check |
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| Credit Union Check Fee | $3.00 per check |
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| Telephone Transfer Fee | $1.00 per transfer |
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| Balance Inquiry Fee | $1.00 per inquiry |
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| Print Out of Account Fee | $1.00 per period |
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| Verification of Deposit for Mortgage | $5.00 per request |
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| Returned Mail Fee | $2.50 per statement |
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| Copy of Credit Union Check Fee | $3.00 per copy |
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| Check Cashing Fee | 1% of check amount per check |
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| Stop Payment of Credit Union Check Fee | $10.00 per request |
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| Dormant Account Fee | $5.00 per quarter, after one year, with less than a $100.00 balance. |
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| Coin Processing Fee | 5% of coin handled |
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Overdraft ProtectionThe Credit Union will withdraw by increments of $50.00 from share/deposit account(s) and credit the Share Draft account such withdrawals in any sum necessary to any and all drafts presented for payment up to the available balance on deposit in such share/deposit account(s). (Subject to account limitations as per Section 6). Account ClosureA share draft account may be closed and privilege of using drafts to be charged to such accounts terminated by action of the Credit Union if member abuses the privilege offered by the overdrafts or non-sufficient funds or if found that account is used for illegal purposes. Credit Union Membership- Membership Share: $15.00 par value
- Membership Fee: $5.00
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