Rates & Fees

The rates, fees, and terms applicable to your account at the NLRB Financial Consumer Union are provided in this Rate and Fee Schedule. The NLRB Financial Consumer Union may offer other rates for these accounts from time to time.

SAVING RATES (As Of July 9, 2014)

Type of Savings

Minimum
Amount

Term

Annual
Rate

Annual Percentage Yield

Regular Share Savings

$ 50

Quarterly 0.20% 0.21%
Holiday Club

$ 25

Up to 12 mo. 0.25% 0.26%
Share Draft Checking $ 0 - 1500 Daily 0.00% 0.00%
$ 1501 - 2500 Daily 0.05% 0.00-0.001%
$ 2500 and up Daily 0.15% 0.001-0.10%
Money Fund Account $ 2,000 Daily 0.25% 0.26%
IRA - Regular $ 50 Quarterly 0.20% 0.21%

RATE SCHEDULE

Regular Share Account

Special Share Account

Money Fund Account

Regular IRA Account

Share Draft (Checking) Account


DIVIDENDS

Dividend Rate / Annual Percentage Yield
Dividends Compounded Quarterly Quarterly Monthly Quarterly Monthly
Dividends Credited Quarterly Quarterly Monthly Quarterly Monthly
Dividend Period Calendar Quarter Calendar Quarter Calendar Month Calendar Quarter Calendar Month

BALANCE REQUIREMENTS
Minimum Opening Deposit $ 5.00 $ 5.00 $ 2,000.00 $ 5.00 ---
Minimum Balance to Avoid a Service Fee --- --- --- --- ---
Minimum Balance to Earn the Stated APY $ 50.00 $ 50.00 $ 2,000.00 $ 50.00 $ 1,501.00
Balance Method Average Daily Balance   Average Daily Balance Daily Balance Average Daily Balance Daily Balance 

ACCOUNT LIMITATIONS
See Section 6 below. --- --- --- --- ---


TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES


Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in this Rate & Fee Schedule 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 NLRB Financial Consumer Union's Board of Directors. The Share Draft (Checking) account is a Tiered Rate account.  If your account balance is $ 1,000 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 greater than $ 1,000.00, the second Dividend Rate and range of Annual Percentage Yields listed for this account in the Rate Schedule will apply.  Each Dividend Rate will apply only to that portion of the account balance within each balance range.

  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 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 non-cash deposits (e.g. checks) on the business day you make the deposit to your account.  For Regular Share, Special Share, Regular IRA and Share Draft (Checking) 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 the Rate Schedule. For Regular Share, Special Share and Regular IRA 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 Money Fund and Share Draft (Checking) accounts, there is a minimum daily balance required to obtain the Annual Percentage Yield for the dividend period.  If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield.  For Regular Share, Special Share and Regular IRA 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.  For Money Fund and Share Draft (Checking) accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.

  6. Account Limitations. For all accounts, no account limitations apply..

FEE SCHEDULE:   

Share Account Fees

Window Share Withdrawal
Up To 4 Times/Month
5th+ Times/Month

No Charge
$ 1.00 each

Share Draft Fees

Insufficient Funds

$ 25.00 each

Microfilm Copy

$ 3.00 each

Account Maintenance

No Charge

Draft Printing

At Cost

Account Reconciliation

No Charge; 2nd+ $5.00 each

Stop Payment

$ 10.00

ATM Fees

Withdrawal - NLRB Financial Consumer Union owned machine

No Charge

Withdrawal - other machines

$ 0.90 each after 3 free per month

Balance Inquiries (all machines)

$ 0.50 each

New Card

No Charge

Replacement Card

$ 12.00

Replacement PIN

$ 5.00

Replacement Card & PIN $ 15.00
Overdrawn Account $ 25.00
Other Service Fees (applicable to all accounts)

Account History/Statement Copy

$ 1.00 per page

Account Inactive For 12 Months With Balance Under $ 50.00

$ 5.00 per quarter

Closing Account Within 90 Days Of Opening *

$ 5.00

Money Orders, up to $1,000

$ 1.00 each

NLRB Financial Consumer Union Checks Payable To 3rd Party

$ 1.00 each

Returned Check (Cashed or Deposited)

$ 10.00 each

Check Cashing (Other Than NLRB Financial Consumer Union's)

$ 0.20 each

Wire Transfer, Outgoing, Domestic

$ 15.00

Wire Transfer, Outgoing, Foreign

$ 35.00

Wire Transfer, Incoming

No Charge

Retirement Accounts (IRA)

No Charge

Automobile Pricing Data

No Charge

Interest Rate Verification

No Charge

Credit Life Insurance **

No Charge

Credit Disability Insurance

$ 2.30/$1,000 per month

New Members

No Charge

Withdrawals from IRA within 6 months of Deposit/Transfer

20% of amount withdrawn

* No account may be reopened within 90 days of closing.

** Insurance coverage is the amount of the loan(s) outstanding for borrowers under 70 years of age to a maximum of $ 15,000.

NLRB Financial Consumer Union Membership

Membership Share:

$5.00 par value

 


The rates and fees appearing in this Schedule are accurate and effective for accounts as of the Effective Date indicated on this Rate and Fee Schedule. If you have any questions or require current rate and fee information on your accounts, please call the NLRB Financial Consumer Union.

Savings and Share Draft Accounts
NLRB Financial Consumer Union
1099 14th Street N.W. C-300
Washington, DC 20005
(202) 273-4300
SD13587.5    D3000 (12-94)
Copyright CUNA Service Group, Inc., 1993

Links to other services and web sites are provided for information only.
NLRB FCU is not responsible or liable for the content or availability of these sites.