CHECKING RATE & FEE SCHEDULE /
TRUTH-IN-SAVINGS DISCLOSURE
The rates, fees and terms applicable to your account at GNC
Community FCU are provided in the Rate and fee Schedule. The
credit union may offer other rates for this account from time
to time.
| FEE
SCHEDULE |
| NSF Fee |
$25.00 per item |
| Stop Payment Fee |
$20.00 per item |
| Account Early Closure Fee
|
$10.00, if closed within ninety (90)
days of opening |
| Excessive Check Fee |
$ .50 per item, for every check after
the first six (6) checks requested by member per month |
| ACH NSF Fee |
$25.00 per item |
| SHARE
DRAFT ACCOUNT FEES |
| Overdraft Fee |
$25.00 |
| Stop Payment Fee |
$20.00 |
| Photocopy Fee |
$ 5.00 |
| ELECTRONIC
TRANSFER FEE |
| Excessive ATM Transaction
Fee |
$ .75 After (8) Transactions |
| ATM-NSF Fee |
$25.00 |
| Replacement Card Fee |
$ 5.00 |
| Re-Issuance Of Cancelled ATM
Card |
$ 5.00 |
| CREDIT
UNION MEMBERSHIP |
Membership Share
*Includes withdrawals, deposits, inquiries,
transfers or point of sale. |
$ 5.00 par value |
TRUTH-IN-SAVINGS DISCLOSURE
The following disclosures apply to all credit union accounts
unless stated otherwise.
1. Interest 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 all accounts, the Dividend Rate and Annual Percentage
Yield may change quarterly as determined by the Credit Union's
Board of Directors.
2. Source of Dividends. Dividends are paid
from current income and available earnings after all required
transfers to reserves at the end of the dividend period.
3. 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 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.
4. Accrual of Dividends. For all accounts,
dividends will begin to accrue on noncash deposits (e.g. checks)
on the business day you make the deposit to your account.
For all accounts, if you close your account before accrued
dividends are credited, accrued dividends will not be paid.
5. Balance Information. The minimum balance
requirements applicable to each account are set forth in he
Rate Schedule. For SAFE Share and 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 all 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. 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 determine the Average
daily balance.
6. Account Limitations. For all accounts,
no account limitations apply. |
