Fill - Free fillable Tis Disclosure Tis Disclosure PDF form

0.05%

0.15%

0.25%

4.01%

4.09%

0.20%

0.10%

0.03%

0.05%

0.25%

1.49%

0.25%

1.50%

0.25%

03/01/2021

DILAXV (D37003 TSMS03)-e

ACCOUNT DISCLOSURES

Basic service requirements met +

$500.00 in credit card purchase

transactions

$0.00 - $10,000.00

Monthly

(calendar)

$5.00

---

$ 0.00

Daily

Balance

See Section 1

$10,000.01 - $25,000.00

$ 10,000.01

$25,000.01 and greater

$ 25,000.01

Basic requirements met

$0.00 - $10,000.00

Monthly

(calendar)

$5.00

---

$ 0.00

Daily

Balance

See Section 1

$10,000.01 - $25,000.00

$ 10,000.01

$25,000.01 and greater

$ 25,000.01

Service requirements not met

(see Section 2)

$ 0.00

Student Choice Checking (SYD) / --- --- --- $5.00 --- --- ---

Account

limitations apply

IRA Savings

(IRA)

/ Monthly Monthly

Monthly

(calendar)

$10.00 --- ---

Daily

Balance

Account transfer

limitations apply

IRA Money Market

(SMI), (SMR)

Monthly

(calendar)

$5.00

---

$ 0.00

$ 25,000.00

$ 100,000.00

Daily

Balance

Account transfer

limitations apply

Except as specifically described, the following

disclosures apply to all of the accounts. All

accounts described in this Truth-in-Savings

Disclosure are share accounts.

RATE INFORMATION — The Annual Percentage

Yield (APY) is a percentage rate reflecting 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 &

Annual Percentage Yield (APY) may change daily as

determined by the Credit Union’s Board of Directors. The

Dividend Rates and APYs are the prospective rates and

yields the Credit Union anticipates paying for the

applicable dividend period. The Money Market and IRA

Money Market accounts are Tiered Rate accounts. If your

Daily Balance is $24,999.99 or below, the first Dividend

Rate and Annual Percentage Yield listed for this account in

the Rate Schedule will apply. If your Daily Balance is

from $25,000.00 to $99,999.99, the second Dividend Rate

and Annual Percentage Yield listed for this account will

apply. If your Daily Balance is from $100,000.00 or greater,

the third Dividend Rate and Annual Percentage Yield listed

for this account will apply. Once a particular range is met,

the Dividend Rate and APY for that balance range will

apply to the full balance of your account. The Rewards

Checking account is a Tiered Rate account. Please refer

to section 3 for additional details.

SMART SAVER — The Smart Saver account is a

Tiered Rate account. If you meet all of the qualifications

during the calendar month, the applicable Dividend Rate

and Annual Percentage Yield listed for this account in the

Rate Schedule will apply. The monthly qualifications

include: a) deposits totaling at least $50.00 into the

account; b) maximum aggregate deposit per month is

$1,000.00, however there is no restriction on the total

balance (can accumulate); c) ACH direct deposits or

remotely deposited checks totaling at least $500.00 into

any non-IRA checking account with the same primary

owner (membership) ; and d) must be enrolled in e-

statements. If you do not meet the monthly qualifications

you will earn the second Dividend Rate and Annual

Percentage Yield listed for this account in the Rate

Schedule. Any deposits exceeding $1,000.00 per month

will be transferred into your Membership Share Savings

account at the end of the day. Any member based

withdrawals during the month will receive the “qualifications

not met” rate for that month (auto sweeps for excess

deposits will not disqualify account from premium rate, but

will count towards the maximum allowable withdrawal

transaction restrictions for Regulation D). Only one account

of this type is allowed per membership.

REWARDS CHECKING — The Rewards Checking

account is a Tiered Rate account. If you meet all of the

basic service requirements during the calendar month, the

applicable Dividend Rates and Annual Percentage Yields

listed for this account in the Rate Schedule will apply. The

basic service requirements include:

a) you make twelve (12) debit card purchase transactions

that post to and clear your Rewards Checking account

during the calendar month; b) you receive e-Statements and

e-Documents (must have enrolled and accepted the

disclosure); and c) you have ACH direct deposits or

remotely deposited checks totaling at least $500.00 post and

clear your Reward Checking account each month.

You will earn the ‘Tier A’ Dividend Rate and Annual

Percentage Yield if you meet the basic service requirements

and have $1,000.00 in credit card purchase transactions during

the monthly qualification period. Credit Card transactions must

post and settle to your CCU Visa account, and be

transmitted to Consumers Credit Union by two days prior to

the end of the calendar month to allow for processing. Any

0.10%

0.20%

0.10%

0.01%

2.07%

2.09%

0.20%

3.04%

3.09%

0.25%

0.05%

0.15%

0.25%

DILAXV (D37003 TSMS03)-e

transactions not posted by the end of month cutoff will be

counted towards the following month’s Rewards criteria.

Transactions may take two or more business days from

the date of the purchase transaction to post to your credit

card account. Transactions must be coded as a purchase.

Cash advances and balance transfers will not be

considered for qualification. The balance ranges and

corresponding dividend rates and annual percentage

yields applicable to each tier are disclosed in the Rate

Schedule. Each dividend rate will apply only to that portion

of the account balance within each balance range.

You will earn the ‘Tier B’ Dividend Rate and Annual

Percentage Yield if you meet the basic service

requirements and have $500.00 in credit card purchase

transactions during the monthly qualification period. Credit

Card transactions must post and settle to your CCU Visa

account, and be transmitted to Consumers Credit Union

by two days prior to the end of the calendar month to

allow for processing. Any transactions not posted by the end

of month cutoff will be counted towards the following

month’s Rewards criteria. Transactions may take two or

more business days from the date of the purchase

transaction to post to your credit card account.

Transactions must be coded as a purchase. Cash

advances and balance transfers will not be considered for

qualification. The balance ranges and corresponding

dividend rates and annual percentage yields applicable to

each tier are disclosed in the Rate Schedule. Each

dividend rate will apply only to that portion of the account

balance within each balance range.

You will earn the ‘Tier C’ Dividend Rate and Annual

Percentage Yield if you meet the basic service

requirements, but do not meet either of the credit card

purchase transaction criteria required to earn a higher

rate. The balance ranges and corresponding dividend

rates and annual percentage yields applicable to each tier

are disclosed in the Rate Schedule. Each dividend rate

will apply only to that portion of the account balance

within each balance range.

When you meet all of the basic service requirement for the

calendar month, ATM fees incurred during the month will be

refunded to you. If you fail to meet any of the basic

service requirements during a calendar month, the

applicable Dividend Rate and Annual Percentage Yield

listed for this account will apply to the entire balance in the

account and your ATM fees will NOT be refunded. One

Rewards Checking account is allowed per member.

Business accounts are not eligible for Rewards.

Qualifying credit card purchase transactions must be made

using a Consumers Credit Union issued card. Credit card

purchases that are returned will not count towards the

credit card purchase transaction requirements. The value

of the credit card purchases will be reduced by the dollar

value of any returned item(s) during the qualification period

in which the return was made.

NATURE OF DIVIDENDS — Dividends are paid from

current income and available earnings after required

transfers to reserves at the end of the dividend period.

DIVIDEND COMPOUNDING AND CREDITING — The

compounding and crediting frequency of dividends and

dividend period applicable to each account are stated in

the Rate Schedule. The Dividend Period is the period of

time at the end of which an account earns dividend 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 earnings

accounts, dividends will begin to accrue on non-cash

deposits (e.g. checks) on the business day you make the

deposit to your account. If you close your account before

accrued dividends are credited, you will not receive the

accrued dividends.

BALANCE INFORMATION — To open any account,

you must deposit or already have on deposit the minimum

required share(s) in a Membership Share Savings account.

Some accounts may have additional minimum opening

deposit requirements. The minimum balance requirements

applicable to each account are set forth in the Rate

Schedule. For Money Market, Rewards Checking and IRA

Money Market accounts, there is a minimum Daily Balance

required to earn the APY disclosed for the dividend period.

If the minimum daily balance is not met each day of the

dividend period, you will not earn the stated APY.

For accounts using the Daily Balance method as stated

on the Rate Schedule, dividends are calculated by

applying a daily periodic rate to the balance in the account

each day.

8. ACCOUNT LIMITATIONS — For Membership Share,

Special Share Savings, Smart Saver Savings, and

Money Market accounts, you may make no more than

six (6) transfers and withdrawals from your account to

another account of yours or to a third party in any month by

means of a preauthorized, automatic or internet transfer,

by telephonic order or instruction, or by check, draft, debit

card or similar order. If you exceed these limitations, your

account may be subject to a fee or be closed. For IRA

Savings and IRA Money Market accounts, you may not

make any preauthorized, automatic or telephone transfers

from your account at any time. For Special Savings

accounts, you may not open any other accounts. In

addition, services are limited to deposits into and

withdrawals from your Special Savings account. ACH

withdrawals will not be permitted. Deposits of all checks

(personal or business) will be held for at least nine (9)

business days. For Holiday Savings accounts, the entire

balance will be transferred to another account of yours on

or after November 1st and the account will remain open.

You may not make withdrawals from your Holiday Savings

accounts at any other time. If you wish to access the funds

in your Holiday Savings accounts you may close it. For

Money Market accounts, the minimum amount per draft

withdrawal is $250.00. For Student Choice Checking

accounts the following parameters are required: 1) available

to members age 13 - 17 years old; 2) parent or legal guardian

must be a joint account holder; 3) adult joint account

holder will be responsible and liable for all activity on your

account; 4) monthly ATM surcharge refunds, up to $25.00,

until the month after your 18th birthday; 5) Visa debit card may

be issued to you with a daily limit of $310.00; 5) requirement

to convert the youth checking to a regular checking product

prior to your19th birthday and; 6) subject to a $10 monthly

fee after your 19th birthday. New accounts not funded within

30 days will automatically be closed. Open share saving or

checking accounts with no transaction activity for 12 months,

and a zero balance, will automatically be closed.

Memberships with no transaction activity on any deposit

account for a period of at least 2 years, and that have no

open Share Certificates or loans, will be charged an Inactive

Account Fee as disclosed in the Fee Schedule. For Free

Checking accounts, no account limitations apply.

9. FEES FOR OVERDRAWING ACCOUNTS — Fees for

overdrawing your account may be imposed on each

presentment of check, draft, ATM transaction and one-time

debit card transaction (if member has consented to Courtesy

Pay overdraft protection plan for ATM and one-time debit

card transactions), preauthorized automatic debit, telephone

initiated withdrawal or any other electronic withdrawal or

transfer transaction that is drawn on an insufficient available

account balance. The entire balance in your account may

not be available for withdrawal, transfer or paying a check,

draft or item. You may consult the Funds Availability Policy

Disclosure for information regarding the availability of

funds in your account. Fees for overdrawing your account

may be imposed for each overdraft, regardless of whether

we pay or return the draft, item or transaction. If we have

approved an overdraft protection limit for your account, such

fees may reduce your approved limit. Please refer to the

Schedule of Fees and Charges for current fee information.

For ATM and one-time debit card transactions, you must

consent to the Credit Union’s Courtesy Pay overdraft

protection plan in order for the transaction amount to be

covered under the plan. Without your consent, the Credit

Union may not authorize and pay an overdraft resulting

from these types of transactions. Services and fees for

overdrafts are shown in the document the Credit Union uses

to capture the member’s opt-in choice for Courtesy Pay

overdraft protection and the Schedule of Fees and Charges.

10. MEMBERSHIP — As a condition of membership, you

must purchase and maintain the minimum required

share(s) as set forth below.

Par Value of One Share $5.00

Number of Shares Required 1

DILAXV (D37003 TSMS03)-e

11. RATES — The rates appearing with this Schedule

are accurate as of the last dividend declaration date

indicated on this Truth-in-Savings Disclosure. If you

have any questions or require current rate information on

your accounts, please call the Credit Union.

12. FEES — See separate Schedule of Fees and

Charges for a listing of fees and charges applicable to

your account(s).

DILAXV (D37003 TSMS03)-e

SCHEDULE OF

FEES AND CHARGES

Effective:

Share Savings, Checking and Money Market

Account Fees

• For Stop Payment of Check (Draft) Preauthorized Payments

(including bill payments and cashier’s checks)... $

• For each time a check, ACH, debit transfer request, Bill Payment

Item, or other payable item is presented, or payment is otherwise

requested, and returned due to an overdraft (non-sufficient, or

uncollected, or unavailable funds), a fee will be

assessed .......................................................... $

• For each automatic transfer of funds from a linked account, using

Our Overdraft Transfer Service………………… $

• For each time a check, debit transfer request, Bill Payment

Item, or other payable item is presented, or payment is

Otherwise requested, and is paid using Courtesy Pay

Overdraft Services, a fee will be assessed ........ $

• For each copy of a cleared check AFTER the

third check copy ................................................ $

• For a 3-month history printout............................ $

Charge for each additional month ...................... $

• Per hour for assistance with statement

reconciliation – with a minimum charge

of $20.00 ........................................................... $

• Expedited Bill Payment via ACH........................ $

• Expedited Bill Payment via a Check .................. $

• There is a limit of four (4) overdraft fees that we will charge you

in one day for ACH, Check and Debit Card transactions that

overdraft the account.

• If your account is overdrawn for any reason for six (6) or more

consecutive calendar days, your account will be charged an

additional……………………………………………..$

This fee will be assessed one time for each occurrence of

continuous overdraft.

ATM/Debit Card Fees

• To replace a lost/stolen debit card .................... $

• For a copy of a debit card charge ...................... $

• International Transactions:

Multiple Currency ....................... 1% of purchase amount

Single Currency..........................0.80% of purchase amount

Other

• For each time an item is deposited to your CCU account drawn

on another financial institution and returned unpaid on either

individual or corporate accounts. Items may be re-presented

for payment multiple times. A fee will be charged each time the

item is returned unpaid................................. $

• For each bad address ........................................ $

• For paid over third party personal checks ......... $

• For a copy of a cashier’s check.......................... $

• For microfilm look-up and reproduction .............. $

• For re-opening an account within 180 days of

closing it ............................................................ $

• Charge for foreign and domestic checks sent for collection.

(Does not include fees charged by originating financial

institution):

Item(s) $100.00 or less .............. $

Item(s) $100.01 to $300.00 ........ $

Item(s) $300.01 or more............. $

• For processing post judgment legal actions ....... $

• For Photocopies................................................. $

• For Money Orders.............................................. $

• Cashier Checks Purchases................................ $

• Charge for VISA Gift Card.................................. $

• For Non-member Check Cashing....................... $

• For Non-member paid over payroll Check

Cashing ............................................................. $

• Vericheck Phone Payment................................. $

• An inactivity fee of $ per month will be charged

on each account for any Member who has had no transaction

activity for a period of at least 2 years

For Share Savings and Money Market accounts $

for each

transaction/withdrawal exceeding six preauthorized, automatic or

internet transfers per month limit.

Account fees may be charged to any account with available

funds, including certificate and IRA accounts.

Wire Transfers

• Domestic Bank Wire Transfer

Incoming Wire...............................................$

Outgoing Wire...............................................$

Share Value

• Par Value of One Share .....................................$

This credit union is federally insured by the National Credit

Union Administration

Consumers Cooperative Credit Union

Administrative Office

1075 Tri-State Pkwy, Suite 850,

Gurnee, IL 60031

Phone Number: 847.623.3636

Fax Number: 847.623.9542

Web Address: www.myconsumers.org

Toll Free: 877.ASK.CCCU {877.275.2228}

03/01/2021

30.00

10.00

30.00

2.00

5.00

20.00

9.95

14.95

30.00

5.00

10.00

15.00

10.00

5.00

3.00

60.00

FREE

15.00

20.00

100.00

0.25

5.00

10.00

3.50

3.95 each

5.00

10.00

25.00

5.00

25.00

0.35

0.40

0.45

0.50

0.65

0.35

0.40

0.55

0.60

0.75

0.10

0.55

0.10

0.80

0.10

0.65

0.10

0.90

0.10

March 1, 2021

0.45

0.55

0.45

0.55

0.45

0.50

0.55

0.60

0.65

0.75

0.10

0.55

0.10

0.80

0.10

0.65

0.10

0.90

0.10

91 Day

6 Months

18 Months

30 Months

1 Year

2 Year

4 Year

5 Year

2 Year

3 Year

4 Year

5 Year

0.60

0.70

0.55

0.65

0.70

0.85

0.80

0.75

0.65

0.70

0.85

0.80

0.75

0.65

0.10

0.75

0.10

1.00

0.10

0.75

0.10

1.00

0.10

18 Months

0.70

0.80

0.90

0.70

0.80

0.90

Fill Online, Printable, Fillable, Blank Tis Disclosure Tis Disclosure Form

Related forms

Fillable Tis Disclosure Tis Disclosure

Fill Online, Printable, Fillable, Blank Tis Disclosure Tis Disclosure Form

Related forms

First 20 documents completely FREE!