Woodmen Tower
1700 Farnam Street
Suite 1180
Omaha, NE  68102
Phone: 402.271.7285

 

Truth-in-Savings 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.

rate schedule

 

  Savings
     Account

  IRA Savings
     Account

  Checking
     Account

DIVIDENDS
Dividend Rate/Annual Percentage Yield
     
Dividends Compounded Quarterly Quarterly Monthly
Dividends Credited Quarterly Quarterly Monthly
Dividend Period Calendar Quarter Calendar Quarter Calendar Month
BALANCE REQUIREMENTS      
Minimum Opening Deposit $ 5.00 $ 5.00 - - - - -
Minimum Balance to Avoid a Service Fee - - - - - - - - - - - - - - -
Minimum Balance to Earn the Stated APY   - - - - - - - - - -
Balance Method Average Daily Balance Average Daily Balance Average Daily Balance
ACCOUNT LIMITATIONS
See section 6 below.
Account transfer limitations apply. - - - - - - - - - -

Truth-in-Savings account Disclosure

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 frequency of compounding for an annual period. For all 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 prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. The Savings account is a Tiered Rate account. If your account balance is $9,999.99 or below, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is $10,000.00 or more, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. Once a particular balance range is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account.

  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 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.

  4. Accrual of Dividends. For a 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, 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 all 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 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. 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 Savings 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. This credit union will allow electronic check transactions to post to your share draft account. For IRA Savings and Checking accounts, no account limitations apply.

  7. Fees for Overdrawing Accounts.  Fees may be imposed on each check, draft, item, ATM card withdrawal, debit card point of purchase, 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 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.

FEE SCHEDULE
CHECKING SERVICE FEES
June  1, 2012

Checking Service Account Fees

Basic Checking Account

$

 FREE

Online BillPay

$

2.50

per month

Checking Plus Account

$

7.50

per month if applicable
     

includes Online Billpay

VISA® Check Card

$

1.00

per month (currently waived)

Check printing  

prices may vary
depending upon style

Check Photocopy

$

3.00

per copy

Stop Payment

$

25.00

per request

Overdraft Protection

$

3.00

per transfer

NSF

$

30.00

per item

Returned Item

$

30.00

per item
         
Other Service Fees (applicable to all accounts)

Cashier's Check

$

3.00

per check

Money Order

$

3.00

per check

Visa TravelMoney Card $

8.00

Card ($5 to reload card)

Wire Transfer      
 

Incoming

$

10.00

per transfer
 

Outgoing

$

20.00

per transfer

Deposited Item Return

$

30.00

per item

Activity Printout

$

1.00

per printout

Account Reconciliation

$

15.00

per hour

Inactive Account

$

20.00

per year if
     

account under $100.00

Share Value

Par Value of one share

$

5.00

 

The rates and fees appearing in this Schedule are accurate and affective for accounts as of the Effective Date indicated on this Truth-in-Savings Disclosure.  If you have any questions or require current rate and fee information on your accounts, please call the Credit Union.

National Credit Union Administration  Your savings federally insured to at least $100,000, and backed by the full faith and credit of the United States Government.  National Credit Union Administration, a U.S. Government Agency.  Equal Housing Lender: We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

Your savings federally insured to at least $250,000, and backed by the full faith and credit of the
United States Government.  National Credit Union Administration, a U.S. Government Agency.

The credit union is not liable for the content or availability of linked sites.

Disclosures:  Electronic Services Disclosure | Funds Availability Disclosure | Visa Check Card Disclosure
 Visa Credit Card Agreement | Woodmen FCU Privacy Disclosure

© CUNA Mutual Group, 1993, 2000

SD22508.3  12/29/04  D3000-FK1

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