A $5.00 share (deposit) in an account at Co-op Credit Union is necessary to maintain membership.

General Account Disclosure*   Member accounts in this credit union are federally-insured by the National Credit Union Share Insurance Fund.

Nature of Dividends.  Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period.

Dividend Calculation Method.  Dividends are calculated by the daily balance method which applies a daily periodic rate to the principal in your account each day.

Rate Information. See the RATES page for current earnings on all accounts listed.  Rates are subject to change at the discretion of Co-op Credit Union on a calendar quarterly basis on Share Savings, Special Savings, and Dividend Share Draft Checking accounts; on a calendar monthly basis on Super Share Savings and Share IRA accounts, and on a daily basis on Money Fund Checking accounts.  Certificate rates are subject to change.

Annual Percentage Yield.  The APY expresses the total annual return on an account, assuming dividends are left in the account and compounded throughout the year.  A withdrawal or transfer will reduce earnings

Accrual of Dividends.  Dividends will begin to accrue on the business day you deposit cash or non-cash items.

Charges/Penalties/Conditions.  A $5.00 Return Check (or draft) fee applies to all accounts.  Other fees and charges listed under FEES may affect these accounts.  There may be tax penalties for improper withdrawals from IRA accounts.

*Dividend and minimum balance information does not apply to FREE checking, which is a non-dividend-earning account, and does not require a minimum balance, except for the $5.00 share in an account to maintain membership.

Dividend Checking, Free Checking, Money Fund Checking Disclosure

Dividend Compounding and Crediting
Dividend Checking.  Dividends will be compounded and paid to the account quarterly.  The beginning date of the first dividend period of the year is December 31 and the ending date of such dividend period is March 30.  The dividends are paid after close of business the following day.  In this example, March 31.  All other dividend periods follow this same pattern of dates.

FREE Checking.  This is not a dividend earning account.

Money Fund Checking.  Dividends will be compounded and paid to the account monthly.  The beginning date of the first dividend period of the year is December 31 and the ending date of such dividend period is January 30.  The dividends are paid after close of business the following day.  In this example, January 31.   All other dividend periods follow this same pattern of dates.

Minimum Balance Requirements
Dividend Checking - $20.00 daily minimum balance to earn dividends.

FREE Checking - No minimum balance requirement.

Money Fund Checking - $2,500.00 minimum to open, and $2,500.00 minimum balance to earn the disclosed APY and dividend rate.  If the account falls below $2,500.00, the current Share Savings APY and dividend rate will be paid.

Check Printing Prices
Dividend Checking and FREE Checking - Prices vary depending on style.   First 50 checks (drafts) are free for new accounts.

Money Fund Checking - Free of charge.  Check style at CCU's discretion.

Share Savings, Special Savings, Super Share Savings, Share IRA

Dividend Compounding and Crediting
Share Savings and Special Savings - Dividends will be compounded and paid to the account quarterly.  The beginning date of the first dividend period is December 31 and the ending date of such dividend period is March 30.  The dividends are paid after close of business the following day.  In this example, March 31.   All other dividend periods follow this same pattern of dates.

Super Share and Share IRA - Dividends will be compounded and paid to the account monthly.  The beginning date of the first dividend period of the year is December 31 and the ending date of such dividend period is January 30.  The dividends are paid after close of business the following day.  In this example, January 31.   All other dividend periods follow this same pattern of dates.

Minimum Balance Requirements. 
The minimum daily balance to earn dividends is $20.00.  The minimum balance to open a Super Share Savings account is $1,000.  The Super Share Savings account pays different annual percentage yields for different balance levels.  If the Super Share balance falls below $1,000, the current Share Savings rate will be paid.  See RATES page.

Transaction Limitations.
During any month, you may not make more than six (6) withdrawals or transfers to another credit union account of yours or to a third party by means of a pre-authorized or automatic transfer or telephonic order or instruction.  No more than three (3) of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party.  All IRA accounts may be subject to withdrawal penalties according to IRA rules.

Share Certificates,
IRA Certificates,
Youth Saver Certificates

Dividend Compounding and Crediting
For six-month certificates, dividends will be compounded and credited to the account semi-annually.  The beginning date of the first dividend period is on the date the account was opened, and the ending date is on the stated maturity date, unless renewed.   For all other certificate maturities, dividends will be compounded and paid to the account quarterly and at maturity.  The beginning date of the first dividend period of the year is December 31 and the ending date of such dividend period is March 30.   The dividends are paid by crediting to the account on the following day.  In this example, March 31.  All other quarterly dividend periods follow this same pattern of dates.

Minimum Balance Requirements
The minimum balance required to open a certificate is $1,000.00.  The Youth Saver Certificate, available only to members under the age of 18, requires a $500.00 minimum balance.

Renewal Policy
A certificate carries a ten-day grace period following its maturity date, in which you may do what you wish with the balance.  If we do not hear from you during this period, your certificate will automatically renew for the same term at the dividend rate on the date of maturity.

Transaction Limitations
After the account is opened, you may not make deposits into the account until the maturity date listed on the certificate.

Early Withdrawal Penalties
The penalty for withdrawing any of the funds in a six or twelve month certificate before the maturity date is loss of 90 days' interest at the certificate rate.  Early withdrawal from all other certificates results in 180 days' interest penalty at the certificate rate.  (Early withdrawal of funds from an IRA certificate may also be subject to tax penalties.)

Member Service Fees

Member Service Fees as of August 10, 2010.
* NSF and transfer fees imposed for overdrafts created by checks, in-person withdrawals, ATM withdrawals, or by other electronic means.