Bylaw Requirements. The shareholdings of a member who fails to complete payment of one share within 6 months of his/her admission to membership, or of a member who reduces his/her share balance below $5.00 and does not increase the balance to at least $5.00 within 6 months of the reduction may be terminated from membership. Shares may be transferred only from one member to another, by written instrument in such form as the Credit Union may prescribe. The Credit Union reserves the right, at any time, to require members to give, in writing, not more than 60 days’ notice of intention to withdraw the whole or any part of the amounts so paid in by them. No member may withdraw shareholdings that are pledged as required for security on loans without the written approval of a loan officer, except to the extent that such shares exceed the member’s total primary and contingent liability to the Credit Union. No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the Credit Union if he/she is delinquent as a borrower, or if borrowers for whom he/she is comaker, endorser, or guarantor are delinquent, without the written approval of a loan officer. The maximum amount of shares which may be held by any one member shall be established from time to time by the Credit Union Board of Directors.
Bylaw Requirements. An applicant eligible for membership may be admitted to membership in First Community Credit Union upon payment of a membership fee, if any, as set by the Board of Directors and by establishing the minimum deposit balance established by the Board of Directors. A member whose obligations are defaulted and charged off as a loss automatically forfeits membership when that member’s shares are applied toward the balance of that obligation. Shares may be transferred only from one member to another by written instrument or in such form as the Credit Union may prescribe. A reasonable fee for each transfer may be required by the Board, as set forth in the Fee Schedule accompanying this Agreement.
Bylaw Requirements. You must complete payment of $5.00 in your Regular Share account as a condition of admission to membership.
Bylaw Requirements. You must complete payment of a membership share in order to maintain accounts at the Credit Union. The par value of a regular share in the Xxxxxxxx-Xxxxxx Federal Credit Union is $1. A member who fails to complete payment of one share within one month of his admission to membership, or within one month from the increase in the par value of shares, or a member who reduces his share balance below the par value of one share and does not increase the balance to at least the par value of one share within one month of the reduction may be terminated from membership. Note: There is a $1 minimum balance requirement in your primary savings accounts to be maintained as long as the account remains open. National Credit Union Share Insurance Fund Member accounts in the Xxxxxxxx-Xxxxxx Federal Credit Union are federally insured by the National Credit Union Share Insurance Fund. Truth in Savings Fee Schedule An important benefit of membership is most fees and charges are lower than other financial institutions. Compare us and you will find many RBFCU services are free! The following fees may be assessed in connection with your accounts without advance notice to you. All fees are assessed at the time of service or deducted from your account. If the Available Balance is insufficient, you will be notified to pay the required fee. We may charge any of your accounts for any fee due. Any fees or charges assessed to us for extra service or special handling of your account will be passed on to you. This Fee Schedule is subject to change at any time. Members will be notified as required by law of any changes in charges that may be imposed on an account. Membership FREE Membership at Xxxxxxxx-Xxxxxx is FREE; just maintain the required minimum balance of $1 in your primary savings account. Savings Accounts Savings FREE RBFCU Classic Money Market FREE RBFCU Choice Money Market FREE Checking Accounts Really Free Checking FREE General Services Account Reconciliation Research $15 per hour Bill Pay Service FREE Optional expedited same-day bill payment service is available for a fee of $12 charged by CheckFree. Calls to our Member Service Center FREE Cashier’s Check $3 each Coin Processing Fee (Member) 5% of value Coin Processing Fee (Non- member) 8% of value Copies Checks $1 per copy (in excess of two copies per month) Statement $1.50 per copy Courtesy Pay Fee $24 per item For information on Courtesy Pay, please refer to the “Overdrafts and Overdraft Protection” section within your Me...
Bylaw Requirements. The shareholdings of a Member who fails to complete payment of one share within 6 months of his admission to membership, or within 6 months from the increase in the par value in shares, or a Member who reduces his share balance below the par value of one share and does not increase the balance to at least the par value of one share within 6 months of the reduction, may be absorbed by a late charge upon authorization of the Board. The Credit Union reserves the right, at any time, to require Members to give, in writing, not more than 60 days notice of intention to withdraw the whole or any part of the amounts so paid in by them except for those amounts paid into checking accounts. Shares paid in under an accumulated payroll deduction plan may not be withdrawn until credit to a Member’s account. No Member may withdraw shareholdings that are pledged as required security on loans without written approval of the Credit Committee or a loan officer, except to the extent that such shares exceed the Member’s total primary and contingent liability to the Credit Union. No Member may withdraw any shareholdings except for those amounts paid into checking accounts below the amount of his/her primary or contingent liability to the Credit Union if he/she is delinquent as a borrower, or if borrowers for whom he/she is co-maker, endorser, or guarantor are delinquent, without the written approval of the Credit Committee or loan officer.
Bylaw Requirements. Please refer to the Share Account (Savings), Truth in Savings Disclosure section, No. 9, found in the Share Account section of this Agreement.
Bylaw Requirements. Each application for membership must be made in writing, with all applications approved becoming a part of the permanent records of the credit union. An applicant shall become a member upon establishing the minimum share and/or deposit balance established by Board policy and meeting eligibility requirements. The Board of Directors shall have the right at any time: to require members and other depositors to give not more than sixty (60) days notice of intention to withdraw the whole or any part of the amounts so paid in by them; prescribe rules regarding withdrawals of share holdings or deposits below the amount of a member’s total indebtedness, either direct or indirect, to the Credit Union; prescribe rules regarding remote withdrawal of shares and/or deposits, in accordance with rules promulgated by the Credit Union; prescribe a fee for each withdrawal above three a month as prescribed by the Board of Directors in written policy; or to prescribe a reasonable minimum amount for each withdrawal.
Bylaw Requirements. A member may not withdraw shareholdings that are pledged as required security on loans without the written approval of the credit committee or a loan officer, except to the extent that such shares exceed the member’s total primary and contingent liability to the Credit Union. A member may not withdraw any shareholdings below the amount of his/her primary or contingent liability to the Credit Union if he/she is delinquent as a borrower, or if borrowers for whom he/she is a comaker, endorser, or guarantor are delinquent, without the written approval of the credit committee or a loan officer.
Bylaw Requirements. You must complete payment of a membership share in order to maintain accounts at the Credit Union. The par value of a regular share in the Xxxxxxxx-Xxxxxx Federal Credit Union is $1. A member who fails to complete payment of one share within one month of his admission to membership, or within one month from the increase in the par value of shares, or a member who reduces his share balance below the par value of one share and does not increase the balance to at least the par value of one share within one month of the reduction may be terminated from membership. Note: There is a $1 minimum balance requirement in your primary savings accounts to be maintained as long as the account remains open. National Credit Union Share Insurance Fund Member accounts in the Xxxxxxxx-Xxxxxx Federal Credit Union are federally insured by the National Credit Union Share Insurance Fund. Truth in Savings Rate Schedule The rates contained on our website (xxx.xxxxx.xxx) are accurate as of today’s date or call the Member Service Center toll-free at 1-800-580- 3300. Account Dividend Rate1 Dividend Rate Annual Percentage Yield (APY)1 Minimum Balance Requirements Savings Account 0.00% 0.00% $1 to open2 Checking Account (Including Really Free Checking and Business Checking) 0.00% 0.00% None RBFCU Classic Money Market Account $2,500 to $24,999.99 $25,000 to $74,999.99 $75,000 to $149,999.99 $150,000 and greater 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% $2,500 to open and earn the APY3 Tiered-rate account4 RBFCU Choice Money Market Account $2,500 to open and earn the APY3 $2,500 to $10,000 0.00% 0.00% Blended tiered-rate account5 $10,000.01 to $25,000 0.00% 0.00% Limit one account per primary owner6 $25,000.01 and greater 0.00% 0.00% $2,500 minimum balance requirement7 IRA Savings $5 to $24,999.99 $25,000 to $74,999.99 $75,000 to $149,999.99 $150,000 and greater 0.00% 0.00% $1 to open and earn the APY Tiered-rate account4 Certificates and IRA Certificates (Including Traditional and Xxxx XXX Certificates) 6 to 11 months $1,000 to $4,999.99 0.00% 0.00% $5,000 to $19,999.99 0.00% 0.00% $20,000 to $74,999.99 0.00% 0.00% $75,000 and greater 0.00% 0.00% 12 to 23 months $1,000 to $4,999.99 0.00% 0.00% $5,000 to $19,999.99 0.00% 0.00% $20,000 to $74,999.99 0.00% 0.00% $75,000 and greater 0.00% 0.00% 24 to 35 months $1,000 to $4,999.99 0.00% 0.00% $5,000 to $19,999.99 0.00% 0.00% $20,000 to $74,999.99 0.00% 0.00% $75,000 and greater 0.00% 0.00% 36 to 47 months $1,000 to $4,999.99 $5,000 to ...
Bylaw Requirements. A member who fails to complete payment of one share within six months of his admission to membership, or within six months from the increase in the par value in shares, or a member who reduces his share balance below the par value of one share and has not increased the balance to at least the par value of one share within six months of the reduction may be terminated from membership at the end of a dividend period. The Credit Union reserves the right, at any time, to require members to give, in writing, not more than 60 days’ notice of intention to withdraw the whole or any part of the amounts so paid in by them.
