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Effective: May 1, 2003 |
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LIMITED DISCLOSURE STATEMENT FOR CHANGE IN TERMS AND SCHEDULE
OF FEES AND CHARGES TO CREDIT UNION SAVINGS AND LOAN ACCOUNTS |
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This limited disclosure is given as an addendum to the terms of our UFCU “TRUTH IN SAVINGS DISCLOSURE” and is applicable to all Savings and Loan accounts. It is given in compliance with California Law. This is not a complete truth- in-savings disclosure, but is limited to the change in terms of the credit union’s Savings accounts. The Board of Directors of this credit union reserves the right to make changes in this agreement at any time and without notice, and you agree that your account becomes subject to these changes on the date the changes take effect. Unless the change must be made immediately to comply with law or regulation, you will receive such notice as might be required by law. We may send your statement and notices to any authorized person on an account by mailing or delivering the documents to the last address on file for the account. Notice to any account holder or agent shall be considered notice to all authorized persons. |
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| Membership Services |
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Membership entrance fee (non-refundable) |
$10.00 |
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Excessive share withdrawal fee (Reg Shares-in excess of 4 per qtr) |
$5.00 |
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Check cashing fee: |
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Reg/Term Share bal of $250 or more, or UFCU checking act-per sig. |
NO CHARGE |
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Reg/Term Share bal of less than $250, or no UFCU checking act-per item |
$5.00 |
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Close Reg Shares act within 90 days after opening |
$10.00 |
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Low Share bal fee monthly on avg. daily bal under $100 - Reg Shares |
$3.00 |
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Payroll deduction received on Closed act: |
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1st instance of act close |
$5.00 |
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2nd instance of act close & each instance thereafter |
$10.00 |
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Notary Public Service: |
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Reg/Term Share bal of $250 or more, or checking act-per sig. |
NO CHARGE |
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Reg/Term Share bal of less than $250, or no checking act-per sig. |
$10.00 |
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Non-members-per sig. |
$10.00 |
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Verification of Deposit (Normal Handling) |
$10.00 |
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Verification of Deposit (Same-Day Rush) |
$15.00 |
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Photocopy of statement or printout of account activity-per page |
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less than 6 mos. |
$3.00 |
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greater than 6 mos. |
$6.00 |
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Photocopy of corporate credit union check |
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less than 6 mos. |
$5.00 |
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greater than 6 mos. - less than 1yr. |
$10.00 |
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greater than 1 yr. |
$15.00 |
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FAX transmission fee-to send-to receive (Cover Sheet not included) |
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1st page |
$3.00 |
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for each page thereafter |
$1.00 |
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Checks or drafts deposited and returned unpaid (NSF-per item) |
$25.00 |
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NSF ACH/ATM Debit (Reg Share or Checking-per item) |
$25.00 |
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Advance Paid-NSF Draft/ACH Debit
(Reg Share or Checking-per item/max 3 days) |
$30.00 |
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Overdraft Balance Fee-Reg Share or Checking
(NSF Paid by drawing acct negative) |
$10.00 |
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Collection items (incoming/outgoing-per draft or uncollected item) |
$25.00 |
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Stop payment of corporate C.U. check-member initiated-per item |
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Before 5 USPS 1st Class delivery days-6 mos. Single stop payment |
$20.00 |
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After 5 USPS 1st Class delivery days w/correct address |
NO CHARGE |
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Special item stops (loans checks, etc....) |
$25.00 |
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Incoming/Outgoing wires-within same bank
(Bank of the West./Corporate C.U.) |
$20.00 |
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Incoming/Outgoing wires-to another bank - Domestic |
$35.00 |
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Incoming/Outgoing wires-Foreign/International |
$40.00 |
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Wire Transfer - Trace on Domestic or Foreign |
$20.00 |
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Processing levies, garnishments, or other legal process |
$25.00 |
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Subpoena of Records-legal maximum |
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per hour-minimum one hour |
$25.00 |
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per copy-microfiche or other-as specified |
LEGAL MAX |
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other legal process-billed at cost or as specified on documents |
LEGAL MAX |
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Research assistance/statement reconciliation or dispute resolution
(Min. charge one hour) |
$25.00 |
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Annual locator fee (process & research return mail-not imposed more than once in any 12 month period) |
$5.00 |
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Non-member initiated change of address to computer system |
$5.00 |
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Annual Dormant Administration fee of dormant account notice / escheatment of unclaimed funds (per notice-on bal of $25 or greater) |
$2.00 |
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Mail sent to members: |
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Certified |
AT COST |
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Overnight/Express-at cost plus handling fee |
AT COST
+ $3.00 |
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| Individual Retirement Account - I.R.A. |
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Open I.R.A. |
$5.00 |
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I.R.A. act closure before age 70 1/2 years of age |
$15.00 |
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Transfer fee-from UFCU to another trustee |
$15.00 |
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Excess contribution correction fee |
$10.00 |
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Annual Administrative/Trustee processing fee-yearly at April 15th
Acts opened by prior year end December 31st |
$15.00 |
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| Checking Account Services |
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PREMIER THRIFT Checking account-Non-Dividend earning-Monthly fee |
NO CHARGE |
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PREMIER ADVANTAGE Checking account-Dividend earning-Monthly fee
(Waived with DIRECT DEPOSIT-NET CHECK, or $1,000 average daily
Checking balance or greater, or $2,500 Regular Shares balance) |
$6.50 |
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PREMIER AFFILIATE Checking account-Dividend earning-Monthly fee |
$15.00 |
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Voluntary account closure fee |
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within 90 days after opening |
$15.00 |
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after 90 days from opening |
$10.00 |
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Photocopy of cancelled check-per copy-2 FREE PER MONTH, then |
$4.00 |
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Advance Paid-NSF Draft/ACH Debit
(Reg Share or Checking-Per item/max 3 days) |
$30.00 |
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Overdraft Balance Fee-Reg Share or Checking
(NSF Paid by drawing acct negative) |
$10.00 |
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Automatic overdraft transfer fee-FROM SAVINGS-$50 minimum/ multiples |
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PREMIER THRIFT Checking-each |
$2.00 |
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PREMIER ADVANTAGE Checking-each |
NO CHARGE |
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Telephone transfer fee-FROM SAVINGS TO CHECKING-no minimum |
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PREMIER THRIFT Checking-each |
$2.00 |
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PREMIER ADVANTAGE Checking-each |
NO CHARGE |
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Teller assisted call - Checks Cleared / Balance Inquiry / Misc. other |
$2.00 |
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VISA Credit Card overdraft transfer-$250 minimum/$50 multiples |
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PREMIER THRIFT Checking-cash advance-per advance |
2% |
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PREMIER ADVANTAGE Checking-cash advance-per advance |
NO CHARGE |
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Deposited item returned to us NSF/unpaid per item |
$25.00 |
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Returned item/checks on closed account-per item |
$25.00 |
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Stop payment-share draft-per item-6 months |
$15.00 |
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Stop payment-share draft-Range of Checks |
$25.00 |
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Check Printing charge-varies depending on check style ordered |
VARIES |
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SENIORS-PREMIER THRIFT - 1 Wallet size TRADITIONAL STYLE order per yr. |
NO CHARGE |
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SENIORS-PREMIER ADVANTAGE - Wallet size TRADITIONAL STYLE orders |
NO CHARGE |
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Per check charge-Unlimited Check Writing |
NO CHARGE |
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Teller transaction fee made in credit union lobby |
NO CHARGE |
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Check safekeeping |
NO CHARGE |
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Combined Checking/Savings statement |
NO CHARGE |
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Direct Deposit services |
NO CHARGE |
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Check cashing fee |
NO CHARGE |
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Audio Response transactions - Checks Cleared / Balance Inquiry / Misc. other |
NO CHARGE |
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Notary service fee |
NO CHARGE |
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| ATM/Debit Card Services |
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Deposits-at deposit-taking ATM machines displaying THE CO-OP logo and Bank of the West - per trxn |
NO CHARGE |
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Incorrect deposit adjustment |
AT COST
+ $5.00 |
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ATM Cash withdrawal-at ATM machines displaying THE CO-OP
(NO SURCHARGE) logo per trxn |
NO CHARGE |
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ATM Cash withdrawal-at Other/Foreign Institutions' ATMs-per trxn |
$1.50 |
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ATM Point of Sale-POS withdrawal-from checking acts only permitted-per trxn |
NO CHARGE |
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(Individual merchants may assess a fee for POS transactions) |
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Mastercard Debit Card payment trxns: |
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Signature-based / Credit |
NO CHARGE |
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Pin-based / Debit |
NO CHARGE |
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Document Copies (Sales Draft/other) - per copy - per member request |
$10.00 |
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Chargeback-per item - per member request |
AT COST |
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ATM/Debit card picture - Dispute verification - per item - per member request |
$20.00 |
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Research assistance/statement reconciliation or dispute resolution (Min. charge one hour) |
$25.00 |
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New ATM/Debit card/renewal ATM card at expiration date |
NO CHARGE |
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Replacement ATM/Debit Card - lost / stolen / damaged /
blocked-Hot Card |
$10.00 |
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Rush ATM/Debit Card order-24 hours |
AT COST + $10.00 |
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Reactivate blocked ATM/Debit Card |
$10.00 |
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ATM/Debit Card closure-block card if not surrendered |
$10.00 |
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ATM/Debit Card PIN-PERSONAL IDENTIFICATION NUMBER - revision -member originated |
$5.00 |
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ATM/Debit Transaction surcharges-displayed at ATM/Merchant |
VARIES |
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(Transaction surcharges may be assessed at some terminals. These fees are determined by the ATM machine owner / merchant and are subject to change without notice. Surcharges are in addition to any transaction fees charged by the credit union and will be displayed at the ATM / Merchant) |
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| VISA |
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VISA annual fee |
$12.00 |
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VISA high balance fee |
$10.00 |
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Replacement of lost/stolen/damaged VISA card |
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1st card |
$15.00 |
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for each card thereafter |
$15.00 |
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Rush VISA card order - 24 hours |
AT COST + $5.00 |
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VISA Cash advance fee-per advance |
2% |
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VISA minimum monthly payment- % of balance |
2.50% |
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VISA late payment fee-% of total dollar amt of all payments due for the delinquent period |
3.00% |
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GRACE /Free-ride period |
25 days |
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Monthly statement copy requested |
$10.00 |
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Document Copies (Sales Draft/Other) - per copy - per member request |
$10.00 |
