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Disclosures
Truth-In-Savings • Fee Schedule • Funds Availability Reg GG Notice: UNLAWFUL INTERNET GAMBLING NOTICE -- June 1, 2010
Share/Savings Account
Rate Information The dividend rate and annual percentage yield (APY) may change every quarter as determined by the credit union board of directors. Compounding and Crediting - Dividends will be compounded quarterly and will be credited quarterly. For this account type, the dividend period is quarterly (frequency), for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st.All other dividend periods follow this same pattern of dates.The dividend declaration date follows the ending date of a dividend period, and for the example is April 1st. If you close your account before the dividends are paid, you will not receive the accrued dividends. Account Restrictions and Features - The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal. 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. Minimum Balance Requirements - The minimum required to open this account is the purchase of a $5.00 par value share in the credit union. Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account. Par Value of a Share - The par value of a share is $5.00 Share Draft/Checking Account & Benefits Plus Checking Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
Rate Information - As of the last dividend declaration date, the dividend rate was ____% with an annual percentage yield (APY) of ____% on your account.You will be paid this rate quarterly. Compounding and Crediting - Dividends will be compounded quarterly and will be credited quarterly. For this account type, the dividend period is quarterly (frequency), for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st.All other dividend periods follow this same pattern of dates.The dividend declaration date follows the ending date of a dividend period, and for the example is April 1st. If you close your account before dividends are paid, you will not receive the accrued dividends. Account Restrictions and Features - The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal. 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. Minimum Balance Requirements - You must maintain a minimum daily balance of $1,000.00 in your account each day to obtain the disclosed annual percentage yield. Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account. Club Accounts (Christmas, Vacation, Youth Treasure Hunt, etc.) Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
Rate Information - As of the last dividend declaration date, the dividend rate was ____% with an annual percentage yield (APY) of ____% on your account.You will be paid this rate quarterly. Compounding and Crediting - Dividends will be compounded quarterly and will be credited quarterly. For this account type, the dividend period is quarterly (frequency), for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st.All other dividend periods follow this same pattern of dates.The dividend declaration date follows the ending date of a dividend period, and for the example is April 1st. If you close your account before the dividends are paid, you will not receive the accrued dividends. Account Restrictions and Features - The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal. 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. Minimum Balance Requirements - No minimum balance requirements apply to this account.
Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account. Insured Money Market Account Rate Information $2,000.00 to $9,999.99 As of__________ , based on a balance of $______________, the interest rate for your account is ______% with an annual percentage yield of ______%. Compounding and Crediting - Interest will be compounded every month and is credited to your account every month.If you close your account before interest is paid, you will not receive the accrued interest. Balance Computation Method - Interest is calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Account Restrictions and Features - Transaction limitations apply.Transfers from the NEW Insured Money Market Savings account to another account or to third parties by preauthorized, automatic, telephone (including audio response), or internet banking transfer are limited to six (6) per statement cycle, with no more than three (3) by check, draft, or similar order to third parties.Transactions made in person (over-the-counter) and at Automated Teller Machines (ATMs) are unlimited.Telephone or written requests for withdrawal, which result in a check payable to and mailed directly to the member, are unlimited.The minimum transaction amount is $100.00 for any over-the-counter transaction on this account.If you exceed the withdrawal or transfer limitations set forth above, your account will be subject to penalty (see Fee Schedule) and closure by the credit union.The credit union reserves the right to require a seven-day notice before withdrawal or transfer Minimum Balance Requirements - The minimum balance required to open this account is $2,000.00.You must maintain a minimum daily balance of $2,000.00 in your account to obtain the disclosed annual percentage yield. Accrual of Interest on Non-Cash Deposits - Interest will begin to accrue on the business day you deposit non-cash items (e.g. checks) to your account. Premium Share Account
Rate Information - As of the last dividend declaration date, the dividend rate was ____% with an annual percentage yield (APY) of ____% on your account.You will be paid this rate quarterly.
Compounding and Crediting - Dividends will be compounded quarterly and will be credited quarterly. For this account type, the dividend period is quarterly (frequency), for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st.All other dividend periods follow this same pattern of dates.The dividend declaration date follows the ending date of a dividend period, and for the example is April 1st. If you close your account before the dividends are paid, you will not receive the accrued dividends. Account Restrictions and Features - The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal. 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. Minimum Balance Requirements - The minimum balance required to open this account is $1,000.00. You must maintain a minimum daily balance of $1,000.00 in your account each day to obtain the disclosed annual percentage yield.
Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account. Individual Retirement Account (IRA) Account
Rate Information - As of the last dividend declaration date, the dividend rate was ____% with an annual percentage yield (APY) of ____% on your account.You will be paid this rate quarterly.
Compounding and Crediting - Dividends will be compounded quarterly and will be credited quarterly. For this account type, the dividend period is quarterly (frequency), for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st.All other dividend periods follow this same pattern of dates.The dividend declaration date follows the ending date of a dividend period, and for the example is April 1st. If you close your account before the dividends are paid, you will not receive the accrued dividends. Account Restrictions and Features - The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal. 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. Minimum Balance Requirements - No minimum balance requirements apply to this account.
Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account. Rate Information - The interest rate on your deposit account is ____% with an annual percentage yield (APY) of ____%.For purposes of this disclosure, this is a rate and APY that were offered within the most recent seven calendar days and were accurate as of __/__/__.Please call (989) 773-5927 to obtain current rate information.You will be paid this rate until the initial maturity date of this account. Compounding and Crediting - Interest will be compounded monthly and will be credited monthly. Account Restrictions and Features - Additional deposits to this account, prior to maturity, are not allowed. Balance Computation Method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Minimum Balance Requirements - The minimum balance required to open this account is $500.00. Accrual of Interest on Non-cash Deposits - Interest will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account. Time Requirements - Your account will mature after 3, 6, 12, 18, 24, 36, 48 or 60 months. Term requested_________. Early Withdrawal Provisions - You may withdraw funds from your account, prior to maturity, only if you make a complete withdrawal and close the account. We will impose a penalty if you withdraw any of the funds in your account before the maturity date.The penalty will equal up to 90 or 180 days of interest on your account. The early withdrawal penalties do not apply to withdrawals after the death of any owner of the account. Renewal Policies - Your account will automatically renew at maturity.You will have a grace period of 7 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.
Rate Information - The interest rate on your deposit account is ____% with an annual percentage yield (APY) of ____%.For purposes of this disclosure, this is a rate and APY that were offered within the most recent seven calendar days and were accurate as of __/__/__.Please call (989) 773-5927 to obtain current rate information.You will be paid this rate until the initial maturity date of this account. Compounding and Crediting - Interest will be compounded monthly and will be credited monthly. Account Restrictions and Features - Additional deposits to this account, prior to maturity, are not allowed. Balance Computation Method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Minimum Balance Requirements - The minimum balance required to open this account is $500.00. Accrual of Interest on Non-cash Deposits - Interest will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account. Time Requirements - Your account will mature after 12, 24, 36, 48 or 60 months. Early Withdrawal Provisions - You may withdraw funds from your account, prior to maturity, only if you make a complete withdrawal and close the account. We will impose a penalty if you withdraw any of the funds in your account before the maturity date.The penalty will equal up to 90 or 180 days of interest on your account. The early withdrawal penalties do not apply to withdrawals after the death of any owner of the account. Renewal Policies - Your account will automatically renew at maturity.You will have a grace period of 7 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.
ICCU Fee Schedule There are many options to help you avoid most of the fees listed below. Please contact the Member Service Department for assistance at 989-773-5927.
ICCU VISA Platinum ($5,000-$20,000)
ICCU VISA Classic ($300-$5,000)
The credit score is a computer generated summary calculated at the time of the request and based on information the credit bureau has on file.The scores are based on data about your credit history and payment patterns.Credit scores are important because they are used to assist the Credit Union in determining whether you will obtain a loan.Your credit score will also be used to determine the interest rate on your loan.Credit scores can change over time, depending on your conduct, how your credit history and payment patterns change, and how credit scoring technologies change. Because the score is based on information in your credit history, it is very important that you review your credit report to make sure it is accurate.Credit records may vary from one company to another.You may obtain a FREE copy of your credit report annually at www.annualcreditreport.com. If you have questions about your credit score that is furnished to you, contact the credit bureau at the address and telephone number provided with this notice.The credit bureau plays no part in the decision to take any action on the loan application and is unable to provide you with specific reasons for the decision on the loan application. If you have any questions concerning the terms of the loan, contact the Credit Union. Your credit score was provided by and/or derived from information obtained in a report from the consumer reporting agency listed below: Trans Union
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