CEDAR POINT FEDERAL CREDIT UNION
Serving Southern Maryland since 1945

Truth in Savings Share Disclosure

Rate & Fee Schedule

The rates, fees, and terms applicable to your account at Cedar Point Federal Credit Union are provided in this Rate & Fee Schedule
The terms, conditions & rates disclosed in this schedule are subject to change.

*Minimum balance to earn dividends is $25.00 on Escrow accounts or $5.00 on Looney Tunes / Youth Accounts; annual yield calculated on average daily balance of $100.00

These disclosures apply to all accounts, except where stated.

1. Rate Information. The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and annual compounding frequency. For all accounts, the Dividend rate and Annual Percentage Yield may change as determined by Cedar Point Federal Credit Union's Board of Directors. For Money Market accounts, dividends are paid as follows: The Tier 1 rate will apply to average daily balances (ADB) less than $10,000, Tier 2 rates will apply only to ADB from $10,000 to $24,999.99 and Tier 3 rates will apply only to ADB of $25,000.00 and over. If the Money Market Account balance is less than $2,500.00, the account will revert to the Prime Share Account rate listed in the Rate Schedule.

2. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves. The Dividend Rates and APYs are the rates and yields that the credit union anticipates paying for a specific dividend period.

3. Dividend Compounding and Crediting. The Rate Schedule lists the compounding and crediting of dividends applicable to each account for a specific dividend period. The Dividend Period is the length of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the quarter and ends on the last calendar day of the quarter. CPFCU quarters are: Jan.1 to Mar. 31, Apr. 1 to June 30, July 1 to Sept. 30, and Oct.1 to Dec. 31.

4. Accrual of Dividends. For all accounts, dividends will begin to accrue on cash and noncash deposits on the business day the deposit is made. If an account is closed before accrued dividends are credited, accrued dividends will not be paid.

5. Balance Information. The minimum balance requirements for each account are listed in the Rate Schedule. If minimum balance requirements are not met the account may be closed. Dividends are calculated by the Average Daily Balance method which applies a periodic rate to the Average Daily Balance in the account for the period. The average daily balance for an account is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

A. The minimum opening balance for an IRA Share account is $25.00. The minimum balance to earn stated APY is $100.00. The maximum balance in this account is $500.00. After reaching the maximum, the account is transferred to an IRA Certificate.

B. The IRA Sub Share account has a minimum opening balance and minimum balance to earn stated APY of $500.00. There is no maximum balance limit on this account.

C. The over 59-1/2 IRA Share Account has a $25.00 minimum opening balance, and a $100.00 minimum balance to earn stated APY.

6. Account Limitations. For Prime Share, Sub Share, ALF Share, and IRA Share Accounts, no more than a total of six (6) preauthorized automatic, telephone, or internet transfers may be made from these accounts in any month, and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. For a Christmas Club Account, the entire balance will be transferred to the Prime Share Account on the first business day in October, and the account will remain open. If any of the account balance is withdrawn at any time during the year, the account will be closed, and the full account balance will be transferred to the Prime Share Account. This account may not be reopened until the next Christmas Club starting period. ALF Share Accounts are limited to residents of assisted living and/or nursing home facilities supported by a governmental agency. Youth Accounts are available to children age 18 and under. For all Youth Accounts no more than three (3) withdrawals per month are permitted. The account holder's sponsor must be present for withdrawal. Youth Account withdrawals can be made by children 14 and over with notarized authorization of account sponsor. Excessive withdrawal may result in account closure. If the Youth Account is closed for excessive withdrawal it cannot be reopened. No Checking Accounts are permitted on Youth Accounts. Money Market Accounts are limited to six (6) withdrawals per quarter and a minimum withdrawal amount of $250.00. IRA Share Accounts are subject to normal IRA restrictions. For Share Draft Accounts, no account limitations apply. For escrow accounts, withdrawals are permitted only for taxes and insurance.

Bonus Information. Looney Tunes accounts receive a gift incentive valued at less than $1.00 upon opening the account and with each subsequent deposit. A special gift incentive valued at less than $5.00 is given upon reaching a balance of $100.00 and again upon reaching a balance of $500.00.

Fee Schedule

Credit Union Membership Membership Share $25.00 par value Close Account within 3 mos. $5.00 Share Draft Account Fees Benefits Plus® $4.95 / month Checks Prices vary according to style  $8.57 - $62.90 Items returned unpaid $25.00 / item Paid Overdraft Fee $25.00 / overdraft Stop Payment Fee $10.00 / item VISA Check Card/ATM Fees Card Re-issue Fee $2.00 / card Nonsufficient Funds $25.00 / transaction POS w/ATM card transactions $1.00 / transaction Transaction at non-CPFCU ATM $1.00 / transaction International Assessment Fee 1% of transaction Other Service Fees Applicable to all accounts Account Research Fee $10.00 per hour (1 hour minimum)  Certified Check Fee*  $3.00 per check Deposited Item Return Fee $5.00 per item Foreign Check Fee $10.00 plus Federal Reserve Special Collection Fees if applicable Inactive Account Fee No fee is assessed if there is activity on subsidiary accounts $5.00 per month after 1 year if there is no activity on the account and the balance is under $300.00 Insufficient/Incorrect Address $1.00 / statement return Items Returned Unpaid $25.00 per item Money Market Withdrawal Fee $5.00 / withdrawal exceeding 6/quarter Paid Overdraft Fee $25.00 / overdraft Stop Payment Fee $10.00 per request PCUPay Bill Payment Fees Monthly service charge Waived** Nonsufficient funds $25.00 / item Payments returned by merchant due to member error $5.00 Check copies $10.00 Stop payment after cut-off time and prior to disbursement $10.00

Account Information Account Reconciliation $10.00 per hour (1 hour minimum) Check Copy $3.00 / Item History Printout Fee $5.00 Statement Copy Fee $5.00 per page  Payment Orders Money Order Fee $1.00 per item Travelers Check Fee $1.00 per $100.00 in checks Official/Teller Check Fee* $2.00 payable to 3rd party Foreign Currency Shipping Priority Overnight Delivery current rates Standard Overnight Delivery current rates 2nd Day Courier current rates Safe Deposit Boxes 3 x 5 $25.00 / year 3 x 10 $40.00 / year 5 x 10 $60.00 / year 10 x 10 $100.00 / year Replacement Key $40.00 Box Drilling $300.00 Services Copy Service Fee  $.10 per page Fax Service Fee $3.00 for the 1st page $2.00 each additional page Notary fee $2.00 per item exceeding 2 - $5 max Rolled Coins $.10 per roll exceeding 5 per day Wire Transfers Wire Transfer Fee (outgoing) $15.00 per transfer Wire Transfer Fee (incoming) $2.00 Western Union Wire Service Fee $1.00 plus Western Union fees

*No stop payment may be placed.
 **You must pay at least one bill every 90 days. A $4.95 fee will be charged to your share draft account on the last business day of each month when no payment has been made within 90 days.

This page was updated:
January 18, 2008 14:07