CHECKING ACCOUNT DISCLOSURES
FREE CHECKING ACCOUNT
Minimum balance requirements:
There is no minimum balance requirement for this account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise stated in the Common Features section.
INTEREST CHECKING ACCOUNT
Rate Information:
The dividend rate and annual percentage yield may change every quarter. We may change the dividend rate for your account as determined by the credit union board of directors.
Compounding and crediting - Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.
Dividend period - For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31 All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is March 31.
Minimum balance requirements:
You must maintain a minimum daily balance of $1000.00 in your account to avoid a service charge fee. If, during any monthly statement cycle, your account balance falls below the required minimum daily balance, your account will be subject to a service charge fee of $5.00 for that monthly statement cycle.
The monthly service charge will be waived during any month when a $2,000.00 minimum daily balance is maintained in one or in any combination of checking, savings, certificate or IRA accounts under the same member number.
You must maintain a minimum daily balance of $1000.00 in your account each day to obtain the disclosed annual percentage yield.
Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise stated in the Common Features section.
MONEY MARKET CHECKING ACCOUNT
For individuals maintaining larger balances. Earns daily dividends compounded monthly.
Rate Information:
The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the credit union board of directors.
Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.
Dividend period - For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.
Minimum balance requirements:
You must maintain a minimum daily balance of $2,000.00 in your account to avoid a service charge fee. If, during any monthly statement cycle, your account balance falls below the required minimum daily balance, your account will be subject to a service charge fee of $6.00 for that monthly statement cycle.
You must maintain a minimum daily balance of $2,000.00 in your account each day to obtain the disclosed annual percentage yield.
Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise stated in the Common Features section.
Fees and charges:
There is an early account closing fee of $10.00 if this account is closed within 90 days of opening.
ORGANIZATION CHECKING ACCOUNT
This account is not a consumer account to which Truth in Savings applies.
For community organizations and groups such as Girl Scout troops, bowling leagues, class reunions, etc. that are not-for-profit. Organizations or groups that have employees or are incorporated are not eligible for this account. No monthly service charges.
Rate Information:
The dividend rate and annual percentage yield may change every quarter. We may change the dividend rate for your account as determined by the credit union board of directors.
Compounding and crediting - Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.
Dividend period - For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is March 31.
Minimum balance requirements:
You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage rate.
Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise stated.
PRIVACY POLICY
You can be confident that your financial privacy is a top priority of our credit union. This privacy notice will explain how we collect, use and safeguard your personal financial information.
To help you meet your financial goals, we may enter into agreements with companies that provide services to the credit union or financial products for our members to consider, such as insurance or investment providers with whom we have a joint marketing agreement. We do not permit these companies to sell the information we provide to them with other parties.
INFORMATION WE COLLECT AND MAY DISCLOSE ABOUT YOU
We collect and may disclose nonpublic personal information about you from the following sources:
Information we receive from you on applications and other forms such as name, address, social security number and income;
Information about your transactions with us or others such as account balances, payment history, parties to transactions and credit card usage:
Information we receive from a consumer reporting agency relating to your credit history or creditworthiness; and
Information obtained when verifying the information you provide on an application or other form such as from your current or past employers or from other institutions where you conduct financial transactions.
We may also disclose nonpublic personal information we collect about you under other circumstances as permitted or required by law. These disclosures typically include information to complete transactions you initiate, to conduct the operations of the credit union or to protect the security of our financial records.
If you terminate your membership with Cloverbelt Credit Union, we will not share information we have collected about you, except as permitted by law.
If you prefer that we not disclose information about you to our marketing partners, you may elect to 'opt out' by calling our Membership Services department ay (715) 842-5693 or writing us at PO Box 659, Wausau WI 54402-0659. You will continue to receive disclosures that are required by law and certain credit union mailings but all other offers for existing, improved or new services and products from the credit union and our marketing partners will be discontinued.
HOW WE PROTECT YOUR INFORMATION
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. Our employees are trained in the importance of maintaining confidentiality and member privacy. We maintain safeguards that comply with federal regulations and leading industry practices to safeguard your nonpublic personal information.
Your financial privacy is a top priority for your credit union. Please contact us at (715) 842-5693 if you have any questions regarding our privacy policy.
| FEE SCHEDULE |
| Item Returned Unpaid |
$10.00 |
Document Copy
(statement copy, account history, check copy, etc.) |
$2.00 each |
| Telephone Transfer (if amount is under $50) |
$1.00 each |
|
Early Account Closing Fee
Closing a savings or checking account within 30 days of opening date
|
$5.00 |
Account Reopening Fee
Reopening a savings or checking account within 90 days of being closed |
$5.00 |
Returned Mail Fee
Mail returned to CCU without a forwarding address |
$5.00 per month |
| Closed Account Monitoring |
$5.00 per item |
| Returned Bill Pay |
$5.00 per item |
| Certified Check |
$3.00 each |
| Dormant Account |
$5.00 per quarter |
Account Assistance
(research, balance, reconcile, etc) |
$25.00 per hour
($10 minimum) |
| Teller Check |
$3.00 each |
Check Cashing Fee
Check amount $500.00 or less
Check amount $500.01 or more |
$5.00
$8.00 |
| Garnishment/Levy |
$20.00 each |
| Non-Sufficient Funds |
$20.00 per item |
| Stop Payment |
$20.00 each |
| Collection Item |
$5.00 each |
| Balance Inquiry - telephone |
$1.00 each |
| Account Closed for NSF |
$30.00 per account |
| Money Order |
$2.00 each |
| Travelers Cheques |
1% of face value |
| Visa Travel Money Card |
$9.95 |
Wire Transfer - incoming
Outgoing - domestic
Western Union
Outgoing - foreign |
$10.00 each
$15.00 each
Varies
$50.00 each |
Coin Handling
(incoming and outgoing) |
1% of face value |
Fax service - incoming
Outgoing - domestic
Outgoing - foreign |
$1.00 per page
$3.00 per page
Varies |
| Regulation J Return |
$5.00 each |
Deposit Bag - Lock
Zipper |
$20.00 each
$ 5.00 each |
| Notary Public |
$.50 each |
| Endorsement Stamp |
Varies |
| Foreign Item Processing |
$3.00 each |
