Laredo Fire Department Federal Credit Union 2019 Rates and Fees
Loan Account Fees
| New Member Fee | $ 5.00 |
Minimum share balance required | $ 25.00 |
| GAP Insurance for Vehicles, Motorcycle,Boats and Other | $285.00 |
| Vehicle/Motorcycle Loan Fee | $75.00 |
Miscellaneous Fees
| Copy Fee | $1.00 |
| Fax Fee | $2.00 |
| Transfer/Edit Name Fee | $2.00 |
| Late Payment Fee | $25.00 |
| Excessive Withdrawal (Monthly 11+) | $2.00 |
| Overdraft / NSF Fee | $25.00 |
| Loan Fee | $7.00 |
| Return Check Fee | $50.00 |
| Cashiers Check | $2.00 |
| Cashiers check Non-Members | $7.00 |
| Overdraft Transfer Fee | $3.00 |
Certificate Rate CD Rates for 2019
Annual Percentage Yield Deposit Amount
1 Year | 1.00% | $ 2000.00 |
1 Year | 1.25% | $ 5000.00 |
2 Years | 1.50% | $ 5000.00 |
2 Years | 2.15% | $ 10,000.00 |
2 Years | 2.40% | $ 100,000.00 |
3 Years | 2.30% | $ 15,000.00 |
3 Years | 2.55% | $ 100,000.00 |
4 Years | 3.00% | $ 25,000.00 |
4 Years | 3.25% | $ 100,000.00 |
5 Years | 3.25% | $ 50,000.00 |
5 Years | 3.50% | $ 100,000.00 |
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Certificate rates by board of directors effective October 1st, 2019
and are subject to change without notice
WITHDRAWL OF INTEREST PRIOR TO MATURITY :
The annual percentage yield assumes interest will remain on deposit until, maturity. a withdrawl will reduce earnings.
RENEWAL POLICY:
This certificate will be automatically renewed at maturity. You have a grace period of ten calendar days after the maturity date to withdrawl funds without penalty.
COMPOUND FREQUENCY:
Interest will compound monthly.
CREDITING FREQUENCY:
Interest will be credited monthly.
MINIMUM BALANCE TO OPEN CERTIFICATE:
You must deposit minimum amount base on terms, specified on certificate of deposit form.
BALANCE COMPUTATION METHOD:
The daily balance method to calculate the interest on your certificate. This method applies a daily perodic rate to the principal in the certificate each day.
TRANSACTION LIMITATIONS:
You may not make any deposit into your certificate until the maturity date. You may make withdrawls of principal from your certificate before maturity. Early withdraw penalties will apply. You can only withdraw interest credited in the term before maturity without penalty. You can withdraw interest only on the crediting dates.
Incertain circumstances such as death of an owner of this certificate, the law permits, or in some cases requires the waiver of early withdrawl penalty.
Deposit Rates
Annual Percentage Yield Deposit Amount
Regular Shares | .15% | $100.00 to $24,999.99 |
Regular Shares | .30% | $25,000.00 to $49,999.99 |
Regular Shares | .50% | $50,000.00 to $9,999,999.99 |
Deposit rates declared by board of directors for 4th Quarter of 2019
and are subject to change without notice
Savings are Federally Insured to $250,000.00 by National Credit Union Administration, a US Federal Agency
TRANSACTION LIMITATIONS:
A member who has a savings account is only permitted to have up to six preauthorized or automatic withdrawls, telephone transfers, or transfers initiated by personal computer to another account at the same credit union or a third party during a calendar month or statement cycle defined as a period of at least four weeks).
