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As of September 1, 2011, Alliance FCU will no
longer offer Western Union Wires.
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Except as specifically described, the following
disclosures apply to all accounts with Alliance
Federal Credit Union. |
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Truth-In-Savings
Account Disclosures |
 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 monthly as determined by the Credit
Union’s Board of Directors.
Nature of Dividends: Dividends are paid
from current income and available earnings after
required transfers to reserves at the end of the
dividend period. The Dividend Rates and Annual
Percentage Yields are the prospective rates and
yields that the Credit Union anticipates paying
for the applicable period.
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 dividends credit. The Dividend
Period begins on the first calendar day of the
period and ends on the last calendar day of the
period.
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 all
accounts, if you close your account before
accrued dividends are credited, accrued
dividends will not be paid.
Balance Information: The minimum balance
requirements applicable to each account are set
forth in the Rate Schedule. For Alliance
Checking accounts, there is a minimum daily
balance required to avoid a service fee for the
dividend period. If the minimum daily balance is
not met, there will be a service fee as set
forth in the Rate Schedule. For Share, Money
Market, Alliance 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 all accounts, using a Daily Balance
method, dividends are calculated by applying a
daily periodic rate to the principal in the
account each day.
Account Limitations: For Share Accounts,
no more than six (6) preauthorized, automatic,
telephone transfers or cash withdrawals may be
made from these accounts to yourself, to another
of yours or to a third party in any month. For
Money Market Accounts, no more than three (3)
preauthorized, automatic, telephone transfers or
cash withdrawals may be made from these accounts
to yourself, to another of yours or to a third
party in any month. If you exceed these
limitations, your account may be subject to a
fee or be closed. For IRA, Alliance Checking and
Freedom Checking
accounts, no account limitations apply.
Special Rules for New Accounts: If you are a
new member, the following special rules will
apply during the first 30 days your account is
open:
•Funds from electronic direct deposits and cash
deposits will be available the day we receive
them.
•The first $5,000 from a deposit of a check
drawn on the U.S. Treasury will be available on
the first business day after the day of your
deposit. The excess over $5,000 will be
available on the ninth business day after the
day of your deposit.
•The first $5,000 from a deposit of (a) a U.S.
Postal Service money order, (b) a check drawn on
a Federal Reserve Bank or Federal Home Loan
Bank, (c) a check drawn on a state or local
government, (d) a cashier’s, certified or
teller’s check, or (e) traveler’s checks, will
be available on the first business day after the
day of your deposit. The excess over $5,000 will
be available on the ninth business day after the
day of your deposit. However, if you do not make
the deposit in person to one of our employees,
the first $5,000 will not be available until the
second business day after the day of your
deposit.
•Funds from all other check deposits will be
available within a reasonable amount of time
generally not exceeding nine business days.
•If we choose to accept a check as your agent
for collection rather than to deposit it, these
delay limits do not apply. The money will be
posted to your account when received by us.
Location of Check Endorsements: Federal
law requires all check endorsements to be in the
first 1-1/2 inches of the trailing edge on the
back of the check. The trailing edge is opposite
the left side of the face of the check, the side
of the check just behind the address of the
financial institution and the account holder.
You will be responsible for any costs incurred
by the Credit Union due to delays in returning
checks deposited into your account that don’t
comply with the endorsement standards.
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Savings Accounts |
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Excess Withdrawal Fee If more than six (6) withdrawals per
month. |
$1.00 |
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Money Market Accounts |
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Excess Withdrawal Fee If more than three
(3) withdrawals per month. |
$10.00
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Alliance Checking Accounts
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Monthly Service Charge (If $1000.00 minimum balance is not
maintained)
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$5.00 per month
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NSF Fee |
$32.00 per item
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Direct Deposit Overdraft Fee |
$28.00 per item |
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Negative Balance Fee |
$2.00 per day |
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Freedom Checking Accounts |
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NSF Fee |
$32.00 per item |
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Direct Deposit Overdraft Fee |
$28.00 per item |
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Negative Balance Fee |
$2.00 per day |
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Power Checking Accounts |
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NSF Fee |
$32.00 per item
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Direct Deposit Overdraft Fee |
$28.00 per item |
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Negative Balance Fee |
$2.00 per day |
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Pre-Existing DBA Accounts |
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Monthly Service Charge |
$10.00 |
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NSF Fee |
$32.00 per item
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Direct Deposit Overdraft Fee |
$28.00 per item |
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Negative Balance Fee |
$2.00 per day
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Other Service Fees
(Applicable to all accounts)
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Account Research Fee or
Reconciliation Fee |
$20.00 per hour |
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Card Replacement Fee |
$5.00 |
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Cashiers Check Fee |
$2.00 per item |
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Check Cashing Fee* |
1% the amount of the check |
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Check Copy Fee (first three (3)
free per month) |
$3.00 per check |
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Credit Union Check Fee |
$1.00 per check |
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Early Closing Fee for New
Accounts** |
$20.00 |
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Fax Fee |
$2.00 per fax |
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Inactive Account Fee (Inactive
for one (1) year and account
under $100) |
$3.00 per month |
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Money Order Fee |
$1.00 per item |
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Non-CU Visa Cash Advance Fee |
$1.00 |
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Nonproprietary ATM Withdrawal |
$1.00 per
transaction |
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Nonproprietary ATM Inquiry |
$1.00 per inquiry |
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Phone Inquiry Fee |
$1.00 per call |
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Single Party Personal Check NSF
Fee |
$25.00 per item |
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Statement Copy Fee |
$3.00 per copy |
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Stop Payment Fee |
$20.00 per request |
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Third Party NSF Fee |
$5.00 per item |
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VISA Gift Card Member Fee |
$3.00 |
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Wire Transfer Fee (Domestic) |
$20.00 per transfer |
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*(Special
Rules apply. Fee may be waived if members
have loans or if amount of check exceeds
certificates of deposit)
**Accounts are consider New Accounts for the
first 90 days.
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Current Certificate & Share Rates |
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Savings Accounts |
Rate |
Yield |
Minimum Balance to earn APY |
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Regular Share |
.150 |
.150 |
$50.00 |
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Money Market |
.200 |
.200 |
$1,000.00 - $4,999.99 |
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Money Market |
.300 |
.300 |
$5,000.00 - $24,999.99 |
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Money Market |
.400 |
.401 |
$25,000.00 - $49,999.99 |
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Money Market |
.500 |
.501 |
$50,000.00 and over |
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IRA |
1.500 |
1.510 |
$250.00 |
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IRA Certificates (2 yr) |
1.750 |
1.765 |
$1,000.00 |
Rates and Fees are subject to change without
notice. If you have questions please
contact us.
Account Disclosures Brochure:
PDF
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