PWC

Employees Credit Union

Fee Schedule

Share (Savings) Account Fees
Action Fee
 Membership Share  $10.00 per value
 Closed account (within one year)  $10.00
 Holiday Club Early Closing  $25.00
 Early Withdrawl of Certificate  90 Days dividend on amount withdrawn
 Inactive/Dormant Account Fee (No Activity for 12 months or more)  $5.00 per quarter
Share Draft (Checking) Account Fees
Action Fee
 Share Draft Stop Payment Fee  $25.00 per request
 Share Draft Copy  $3.00
 NSF Fee per item (Non-sufficient Funds)  $25.00
 Return Deposit Item  $10.00
 Return Deposit Item – Member acct at another financial institution  $25.00
 Collections  $20.00
 Copy of Previous Statement  $5.00
 Current Account activity printout  $1.00 per sheet
 NSF for ACH/EFT Item  $25.00
 Courtesy Pay Fee per item  $25.00
 Bill Pay NSF item (Non-sufficient Funds)  $25.00
Loan Fees
Action Fee
 First time Loan Application Setup Fee (one time)  $10.00
 Credit Bureau Report  $2.00
 Loan Extension Fee  $25.00
ATM/VISA Debit Card Fees
Action Fee
 With Payroll Direct Deposit, Four (4) ATM withdrawals per month  No Charge
 ATM Withdrawal/Transfer/Inquiry Fee, after four with Payroll Direct Deposit, or with no direct deposit  $1.00 per transaction
 Courtesy Pay  Fee per item  $25.00
 NSF Fee per item (Non-sufficient Funds)  $25.00
 ATM Card Reissue  $5.00
 Additional ATM Owner Card Issue  $5.00
 Reissue PIN  $1.50
General Fees
Action Fee
 Credit Union Check (if not payable to member)  $5.00
 Copy of Previous Statement  $5.00
 Account Reconciliation Fee  $25.00 per hour
 Account Research Fee  $25.00 per hour
 Travelers Checks  $1.00 per $100
 Travelers Checks for Two  $1.00 per $100
 Returned Mail/Bad Address  $2.00 per item
 Legal Attachment  $25.00
 Stop Payment on Credit Union check  Applicable Bank Charge

Loan Rates Effective 01/01/2021

All rates and yields stated below are accurate as of the date shown, and are subject to change without notice.

Loan Rates
Loans Loan Term APR** (Annual Percentage Rate)
Signature 12 – 60 mos 9.24% – 17.24%
Line of Credit varies 9.24% – 17.24%
VISA Classic varies 12.90%
VISA Platinum varies 9.90%
Home Equity Line of Credit, variable rate* Please contact CU*** Please contact CU***
Home Equity Fixed Rate Please contact CU*** Please contact CU***
*New/Used Vehicle 12 – 84 mos 1.99%-17.99%/2.24%-17.99%
*New or Used Motorcycle 12 – 72 mos 4.00% – 13.0%
*New or Used Boat or RV 12 – 180 mos 5.75% – 10.0%
Loan Specials Varies Please contact CU****

New rates do not apply to existing PWC ECU loans. Rates are fixed for life of loan unless otherwise noted.

* Home Equity Line of Credit is a variable rate, subject to change the first day of January, April, July and October.

** The Annual Percentage Rates (APRs) shown above reflect the current ranges of  APRs offered. The APR may be adjusted based on individual credit standing, term loan-to-value and debt-to-income ratio.

*** No pre-payment charges or penalties.  No annual fees. Closing costs range from approximately $525 – $2000 based on your loan amount. Minimum APR of 5.50%APR and maximum of 18%APR.  The Credit Union will use the WSJ Prime Rate or 5.50% as the minimum Index Rate, whichever is greater.

**** Loan Specials are run at various times throughout the year. Please contact the Loan Department to see which loans are available currently, if any.

PWC ECU will begin to charge interest on VISA Credit Card purchases on the transaction date.  Cash Advance Fee $5.00 or 2.00% of the amount of each cash advance,whichever is greater. Foreign transaction fee is 2.00% of each transaction in U.S. dollars.  Penalty fees: Late VISA payment fee is up to $25.00. Returned VISA Payment fee is up to $25.00.

*New is defined as not previously titled.  Please contact credit union for additional information.


Payment Examples

Payment Examples are to show estimated payment terms. APR = Annual Percentage Rate. Your actual APR will be determined at the
time of disbursement of the loan, and will be based on your application and credit information. Not all applicants will qualify for the rates
in these examples.

Payment Examples
Loan Type      Amount      APR       Term  Approximate Payment/Month
Signature $10,000.00 9.24% 60 months $208.75
Line of Credit $10,000.00 9.24% 39 months $300.00
VISA Platinum $10,000.00 9.90% 65 months $200.00
New Auto $25,000.00 3.34% 72 months $383.67
Used Auto $17,000.00 3.60% 60 months $310.03
New or Used Motorcycle $10,000.00 5.35% 60 months $189.86
New or Used Boat/RV $30,000.00 6.75% 84 months $449.15
Holiday Loan $ 1,200.00 12.00% 12 months $112.00

TIS/Rates Declared and Paid 12/31/2020

*All rates and yields stated below are accurate as of January 1, 2021. The last dividend declaration and paid date 12/31/2020.

Always contact the credit union for current rates, as they are subject to change without notice!

Savings
Savings/TIS (Truth in Savings) disclosure as of 1/1/2021   Minimum Balance   Dividend Interest Rate  APR (Annual Percentage Rate)
Regular Share ($10 deposit required to open account) $10 0.00% 0.00%
Regular Share ($10 deposit required to open account) $100 + 0.05% 0.05%
Child’s Share ($10 deposit required to open account) $10  + 0.05% 0.05%
Share Draft $0 0.00% 0.00%
Christmas Open 0.00% 0.00%
Club Open 0.00% 0.00%

Fees could reduce the earnings on accounts.


Share Certificates
Share Certificates/TIS (Truth in Savings) disclosure as of  1/1/2021  Minimum Balance   Dividend Interest Rate  APR (Annual Percentage Rate)
6 months term Certificate $500 0.25% 0.25%
12 months term Certificate $500 0.50% 0.50%
18 months term Certificate $500 0.55% 0.55%
24 months term Certificate $500 0.55% 0.55%
36 months term Certificate $500 0.60% 0.60%

A penalty may be imposed for early withdrawal, thereby reducing earnings on the account.


 

IRA Shares and Certificates
IRA Shares and Certificates/TIS (Truth in Savings) disclosure as of 1/1/2021   Minimum Balance   Dividend Interest Rate  APR (Annual Percentage Rate)
IRA Share Open 0.05% 0.05%
6 months term Certificate $500 0.25% 0.25%
12 months term Certificate $500 0.50% 0.50%
18 months term Certificate $500 0.55% 0.55%
24 months term Certificate $500 0.55% 0.55%
36 months term Certificate $500 0.60% 0.60%

A penalty may be imposed for early withdrawal, thereby reducing earnings on the account.

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Upcoming Events

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Annual Meeting Update - Volunteers Needed!

Due to COVID-19 gathering restrictions, our 50th Annual Meeting by necessity must be held remotely. The virtual meeting will still be held Friday, April 16th at 6:00 pm.

We are asking for 10 members to commit to attend so we have a quorum to conduct the business required and elect the Board of Directors.  If you are willing to commit to attending, please email Becky Brown, bbrown@pwcecu.org, with your name, member number, email address and best telephone number.

We are sorry it has come to this as we were looking forward to having a great 50th anniversary celebration. It is, however, the only way to keep the meeting and voting process manageable while keeping everyone safe.

Sincerely,

Robin Bodie, CEO