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A. Transaction Limitations
(1) The minimum withdrawal amount is $25.00.
(2) During any month, you may not make more than six
withdrawals or transfers to another credit union account
of yours or to a third party by means of telephonic order
or instruction. No more than three of the six transfers
may be made by check, draft or debit card. If you exceed
the transfer limitations set forth, your account may be
subject to closure by the credit union.
(3) No more than three drafts per month from
the Money Market Savings Account with a minimum of
$500.00 per transaction.
(4) 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 60 days notice
before such withdrawal.
B. Rate Information
The prospective dividend rate and annual percentage yield
are as shown. The annual percentage yield is a percentage
figure based on the dividend rate and compounding for the
periods shown over a one year period. The dividend rate
may change monthly for the Money Market Savings Account
and the Share Draft Account. It may change quarterly for
the Escrow and Share Savings accounts, as determined by
the Board of Directors.
C. Nature of Dividends
Dividends for other than Term Share Accounts are paid
from current income and available earnings, after required
transfers to reserves at the end of a dividend period.
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D. Compounding and Crediting
(1) Dividends are compounded and credited as shown.
Dividend periods always begin on the first calendar day
and end on the last calendar day of the periods as shown.
(2) Accrued dividends will not be paid if an account is
closed prior to the crediting of such dividends.
E. Balance Information
(1) Minimum required balances are shown above.
(2) Dividends begin to accrue for both cash and non-cash
items, such as checks, on the day of deposit in the
account.
F. National Credit Union Share Insurance Fund
Member accounts in this Credit Union are federally insured
by the National Credit Union Share Insurance Fund.
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Return Items Written to GEFCU |
$22.00 per Item |
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Outgoing Wire (within the United States) |
$15.00 per Wire |
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Incoming Wire |
$ 3.00 per Wire |
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Account Reconciliation Fee (1 Hour Min.) |
$15.00 per Hour |
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Items Sent for Collection |
$10.00 per Item |
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Account Research (1 Hour Min.) |
$15.00 per Hour |
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Third Party Return Items |
$ 3.00 per Item |
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Statement Copy |
$ 1.00 per Statement |
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History Transaction |
$ 1.00 per Page |
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On-line Check under $1,000 |
$ 2.00 per Check |
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Money Orders |
$ .69 each |
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Travelers Checks (Unless over 62 or have SWIS account) |
1/2 percent of total purchase amount |
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Check Cashing Fee (Unless You Have One of the Following:) |
1% of Check Amount |
A. Matching funds in your share account.
B. An active GEFCU
checking account with checks clearing or checks ordered.
C. A current loan or one within the last two years with
GEFCU.
D. A SWIS (Money Market) account with
GEFCU.
E. A term share (CD) account with
GEFCU.
F. Direct Deposit of your net paycheck.
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Verification of Deposit Forms Prepared |
$ 5.00 each |
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Account Levy Fee |
$20.00 each |
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Returned Statement Fee (Incorrect Address on GEFCU system) |
$1.00 per month |
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Share Savings Account Fees |
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Reopen Account Closed Less than 6 Months |
$10.00 each Time Opened |
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Membership Fee |
$ 1.00 each Time Opened |
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Share Draft Account Fees |
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NSF Fee |
$22.00 per Overdraft |
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Courtesy Pay Fee |
$22.00 per Paid Overdraft |
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Stop Payment Fee |
$15.00 per Item |
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Overdraft Transfer Fee |
$5.00 per Transfer |
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Monthly Service Charge (If balance falls below $300 anytime
during the month) |
$5.00 per Month |
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Copy of Draft |
$3.00 per Copy |
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Check Printing Fee |
Varies by style ordered, starting at $10.50 per box |
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Checking Unlimited |
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NSF Fee |
$22.00 per Overdraft |
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Courtesy Pay Fee |
$22.00 per Overdraft |
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Stop Payment Fee |
$15.00 per Item |
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Overdraft Transfer Fee |
$5.00 per Transfer |
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Copy of Draft |
$3.00 per Copy |
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Check Printing Fee |
Varies by style ordered, starting at $10.50 per Box |
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Debit Card Fees |
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NSF Fee |
$22.00 per Occurrence |
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Replacement Card |
$10.00 per Card |
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Withdrawal other than GEFCU
location* |
$ .75 per Withdrawal |
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Inquiry or Transfer other than GEFCU
location* |
$ .75 per Transaction |
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Point of Sale - PIN |
Free |
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Point of Sale - Signature |
Free |
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Foreign Currency Conversion |
1 % of Transaction Amount
(beg 6-1-05) |
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*Free ATM service available for members using their GEFCU
Visa DebitTM Card at GEFCU
locations with ATM service. |
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