If you are in default on a financial obligation to Patriot Federal Credit Union, federal law gives Patriot Federal Credit Union the right to apply the balance of shares and dividends in your account(s) to satisfy that obligation. Once you are in default, Patriot Federal Credit Union may exercise this right without further notice to you.
The dividend rate and APY may change every dividend period as determined by the credit union board of directors.
Your credit union is a member-owned financial institution. It pays dividends based on earnings. Dividends are paid according to the dividend period described below. Dividends are computed on the end of the day balance and are compounded and credited quarterly.
Dividends will begin to accrue on the business day you deposit cash and/or non-cash items (e.g., checks) to your account.
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Dividends are calculated on a daily basis
Your dividends will be available to you anytime after they are paid. Dividends are paid on the last day of March, June, September and December with the exception of the required escrow account dividends, which are paid on the first day of April, July, October and December 31.
For the current dividend rate and annual percentage yield, please refer to the dividend rate page located on this site.
Other Terms and Conditions
Minimum initial deposit.....$5.00
Minimum balance required to obtain annual percentage yield.....$5.00
Must maintain a minimum balance of $5.00 everyday in statement cycle to earn APY.
Terms and Conditions
Minimum initial deposit.....$25.00
Fees for Share Draft/Checking Accounts
The dividend rate and APY may change every dividend period as determined by the credit union board of directors. Dividends are computed on the average daily balance and compounded and credited weekly. Changes in the rate could be affected by legal holidays which fall on Monday. Rates are subject to change on a weekly basis (Wednesday of each week).
Dividends will begin to accrue on the business day you deposit cash and/or noncash items (e.g., checks) to your account.
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
For the current dividend rate and annual percentage yield, please refer to the dividend rate page located on this site.
Minimum initial deposit.....$2500.00
Minimum balance required to obtain annual percentage yield.....$2500.00
Minimum deposit for second tier.....$10,000.00
Minimum balance required to obtain second tier annual percentage yield.....$10,000.00
Minimum deposit for third tier.....$25,000.00
Minimum balance required to obtain third tier annual percentage yield.....$25,000.00
Minimum deposit for fourth tier...$50,000.00
Minimum balance required to obtain fourth tier annual percentage yield....$50,000.00
Minimum deposit for fifth tier...$100,000.00
Minimum balance required to obtain fifth tier annual percentage yield...$100,000.00
Must maintain minimum balance requirement everyday in statement cycle to earn APY.
Transfers by telephone are limited to three (3) per month. Share draft (check) access is limited to three (3) checks clearing the account per month. It is the responsibility of the member to monitor the number of checks that CLEAR the account each month. All share draft checking account fees apply.
The dividend rate and APY may change every dividend period as determined by the credit union board of directors. Dividends are computed on the average daily balance and are compounded and credited quarterly. Your dividends will be available to you anytime after they are paid. Dividends are paid on the last day of March, June, September and December.
Dividends will begin to accrue on the business day you deposit cash and/or noncash items (e.g., checks) to your account.
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Withdrawal of dividend is subject to IRS penalties.
For the current dividend rate and annual percentage yield, please refer to the dividend rate page located on this site.
Other Terms and Conditions
Minimum initial deposit.....$5.00
Minimum balance required to obtain annual percentage yield.....$5.00
Dividends are computed on the average daily balance and are compounded and credited quarterly. Dividends are automatically deposited to your certificate account. Upon request, dividend checks may be issued for certificates of $5,000 or more, however, no check will be issued when dividends are less than $25. Dividend amounts less than $25 will be deposited to your regular share account. This option is not available for the IRA certificate. Your dividends will be available to you anytime after they are paid (IRAs not included). Dividends are paid on the last day of March, June, September and December. Annual percentage yield assumes dividends remain in the account until maturity. Withdrawal of dividends will reduce earnings.
For the current dividend rate and annual percentage yield, please refer to the dividend rate page located on this site.
Minimum initial deposit.....$1,000.00
Minimum balance required to obtain annual percentage yield.....$1,000.00
Must maintain minimum balance everyday in statement cycle to earn APY.
Minimum initial deposit for second tier.....................$10,000.00
Minimum balance required to obtain annual percentage yield....$10,000.00
Must maintain minimum account balance everyday in statement cycle to earn APY.
Minimum initial deposit for third tier.......................$25,000.00
Minimum balance required to obtain third tier annual percentage yield....$25,000.00
Must maintain minimum account balance everyday in statement cycle to earn APY.
Minimum initial deposit for fourth tier..................$100,000.00
Minimum balance required obtain fourth tier annual percentage yield $100,000.00
Must maintain minimum account balance everyday in statement cycle to ear APY.
Minimum initial deposit for fifth tier..................$250,000.00
Minimum balance required obtain fifth tier annual percentage yield $250,000.00
Must maintain minimum account balance everyday in statement cycle to ear APY.
It is the policy of this credit union to impose a penalty for early withdrawal. Please see below for a description of these penalties.
Except in the death of the primary member, A SUBSTANTIAL PENALTY IS IMPOSED if certificate funds other than dividends are withdrawn before the maturity date. The penalty is a forfeiture of earned dividends or as stipulated below. The principal amount upon which earned dividends are forfeited is the amount withdrawn unless the amount withdrawn reduces the balance below $1000.00. In that event the account will be cancelled, and the principal amount, upon which earned dividends are forfeited is the entire amount of the certificate.
The forfeiture of dividends is equal to the smaller of the following:
Dividends since the date of issuance or renewal, (seven-day grace period) or 45 days dividends for certificates with original maturities of three months, 90 days dividends for certificates with original maturities of six months, 135 days for certificates with original maturities of nine months, 182 days dividends for certificates with original maturities of 12 months, 365 days dividends for certificates with original maturities of greater than 12 months.
IRA Certificate Account Penalty Exemptions.
Penalties do not apply if the account holder is age 59-1/2 or older and moves the IRA to another product within the credit union before maturity of the certificate, or if the account holder reaches age 70-1/2 before maturity of the certificate.
Your certificate account will automatically renew at maturity. You will have a grace period of seven calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Qualified exceptions to the 10% IRS tax penalty for early distributions are: (Note: This IRS tax penalty applies only to owners under age 59 1/2) (1). Owner is deceased ? funds are paid to the beneficiary; (2). Owner is disabled; (3). Owner is receiving substantially equal payments over his or her life expectancy (pre-59 1/2 periodic payments); (4). Owner has qualified unreimbursed medical expenses greater than 7.5% of adjusted gross income (1997); (5). Owner is paying qualified health insurance premiums while unemployed for 12 weeks or longer (1997); (6). Owner has qualified first-time home purchase expenses (1998); (7). Owner has qualified higher-education expenses (1998); (8). Owner rolled over traditional IRA funds to a Roth IRA (1998); or (9). Funds distributed to federal government in response to a federal tax levy (2000).
Minimum initial deposit.....$1000.00
Minimum balance required to obtain annual percentage yield.....$1000.00
Minimum deposit for second tier.....$10,000.00
Minimum balance required to obtain second tier annual percentage yield....$10,000.00
Minimum deposit for third tier.....$25,000.00
Minimum balance required to obtain third tier annual percentage yield.....$25,000.00
Mininum deposit for fourth tier....$100,000.00
Minimum balance required to obtain fourth tier annual percentage yield....$100,000.00
Mininum deposit for fifth tier....$250,000.00
Minimum balance required to obtain fourth tier annual percentage yield....$250,000.00
Must maintain minimum balance requirement everyday in statement cycle to earn APY.
Transaction Limitations: After the account is opened, you may make deposits into the account until the maturity date stated on the certificate. Exception: See Money Management Step-Up Roth IRA Certificate transaction limitation below.
Dividends are computed on the average daily balance and are compounded and credited quarterly. Early withdrawal will reduce earnings.
Same as IRA Certificate Account Penalty.
Renewal Policies. Automatically renew at maturity. There is no early withdrawl penalty assessed during the seven-day grace period after the maturity date. At time of renewal, deposits can be made to the IRA certificate (subject to IRS contribution limits).
Regular Contributions may be withdrawn tax-free and IRS penalty-free at any time for any reason but may be subject to certificate penalties if withdrawn prior to the maturity date of the certificate.
Must meet the five (5) year term stipulation of the account before below distributions can be made tax free and penalty free.
Distributions on Earnings must meet one of the following stipulations:
IRS maximum contribution limits $2,000 per year per child subject to income restrictions on contributions. Beginning 2003, contributions can be made for a prior year up to the tax deadline (normally April 15th).
One (1) Year IRA:
Minimum deposit.....$1,000.00
Five (5) Year IRA:
Minimum deposit.....$1,000.00 Must maintain a minimum of $1,000 everyday in statement cycle to earn APY
Minimum deposit for second tier.....$10,000.00
Minimum balance required to obtain second tier annual percentage yield....$10,000.00
Minimum deposit for third tier.....$25,000.00
Minimum balance required to obtain third tier annual percentage yield.....$25,000.00
Mininum deposit for fourth tier....$100,000.00
Minimum balance required to obtain fourth tier annual percentage yield....$100,000.00
Mininum deposit for fifth tier....$250,000.00
Minimum balance required to obtain fourth tier annual percentage yield....$250,000.00
After the account is opened, you may not make deposits into the account until the maturity date stated on the certificate. Funds must be withdrawn before the beneficiary reaches age 30 with exceptions for students with "special needs." Contributions may be made up to the time that the beneficiary reaches age 18, at which time no more deposits may be made. There are exceptions for beneficiaries with special needs. Deposits to the five (5) year IRA certificate are not allowed before the certificate matures.
Dividends are computed on the average daily balance and are compounded and credited quarterly. Stated annual yield assumes funds remain on deposit until maturity. Early withdrawal will reduce earnings.
Except in the death of the primary member, A SUBSTANTIAL PENALTY IS IMPOSED if certificate funds other than dividends are withdrawn before the maturity date. The penalty is the forfeiture of earned dividends or as stipulated below. The principal amount upon which earned dividends are forfeited is the amount withdrawn unless the amount withdrawn reduces the balance below $25.00. In that event the account will be cancelled and the principal amount upon which earned dividends are forfeited is the entire amount of the certificate.
The forfeiture of dividends is equal to the smaller for the following:
Dividends since the date of issuance or renewal, (seven-day grace period) or 90-days dividends for certificates with original maturities of six months, 182-days dividends for certificates with original maturities of 12 months, 365-days dividends for certificates with original maturities of greater than 12 months.
Automatically renew at maturity. Grace period of seven calendar days after the maturity date for withdrawals without the early withdrawal penalty being assessed.
It is intended exclusively to provide funds for the pre-college and college expenses of the child. Earnings may be withdrawn tax-free if used to pay for tuition, the cost of books, supplies and equipment for the child named on the account.
This is a term share account.
Dividends are computed on the average daily balance and are compounded and credited quarterly. Your dividends will be available only at maturity. Stated annual yield assumes funds remain on deposit until maturity. Early withdrawal will reduce earnings.
For the current dividend rate and annual percentage yield, please refer to the dividend rate page located on this site.
Other Terms and Conditions
Minimum initial deposit $25.00
Minimum balance required to obtain annual percentage yield $25.00
Must maintain a minimum balance of $25.00 everyday in statement cycle to earn APY.
Minimum initial deposit for second tier.....$10,000.00
Minimum balance required to obtain second tier annual percentage yield.....$10,000.00
Must maintain minimum balance requirement everyday in statement cycle to earn APY.
Minimum initial deposit for third tier.....$25,000.00
Minimum balance required to obtain third tier annual percentage yield.....$25,000.00
Must maintain minimum balance requirement everyday in statement cycle to earn APY.
Minimum initial deposit for fourth tier.....$100,000.00
Minimum balance required to obtain fourth tier annual percentage yield.....$100,000.00
Minimum initial deposit for fifth tier.....$250,000.00
Minimum balance required to obtain fifth tier annual percentage yield.....$250,000.00
Must maintain minimum balance requirement everyday in statement cycle to earn APY.
Dividends will begin to accrue on the business day you deposit cash and/or noncash items (e.g., checks) to your account. Stated annual yield assumes funds remain on deposit until maturity. Early withdrawal will reduce earnings.
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
You can make a minimum $10.00 deposit to your certificate at any time.
Special Information About Continuous Saver Certificates
It is the policy of this credit union to impose a penalty for early withdrawal. Please see below for a description of these penalties.
Except in the death of the primary member, A SUBSTANTIAL PENALTY IS IMPOSED if certificate funds other than dividends are withdrawn before the maturity date. The penalty is a forfeiture of earned dividends or as stipulated below. The principal amount upon which earned dividends are forfeited is the amount withdrawn unless the amount withdrawn reduces the balance below $25.00. In that event the account will be cancelled, and the principle amount, upon which earned dividends are forfeited is the entire amount of the certificate.
The forfeiture of dividends is equal to the smaller for the following:
Dividends since the date of issuance or renewal, (seven-day grace period) or 90-days dividends for certificates with original maturities of six months, 182-days dividends for certificates with original maturities of 12 months, 365-days dividends for certificates with original maturities of greater than 12 months.
Penalties do not apply if the account holder is age 59-1/2 or older and moves the IRA to another product within the credit union before maturity of the certificate, or if the account holder reaches age 70-1/2 before maturity of the certificate.
Your certificate account will automatically renew at maturity. You will have a grace period of seven calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Qualified exceptions to the 10% IRS tax penalty for early distributions are (Note: This IRS tax penalty applies only to owners under age 59 1/2.) (1). Owner is deceased ? funds are paid to the beneficiary; (2). Owner is disabled; (3). Owner is receiving substantially equal payments over his or her life expectancy (pre-59 1/2 periodic payments); (4). Owner has qualified un-reimbursed medical expenses greater than 7.5% of adjusted gross income (1997); (5). Owner is paying qualified health insurance premiums while unemployed for 12 weeks or longer (1997); (6). Owner has qualified first-time home purchase expenses (1998); (7). Owner has qualified higher-education expenses (1998); (8). Owner rolled over traditional IRA funds to Roth IRA (1998); (9). Funds distributed to federal government in response to federal tax levy (2000).
This is a 48-month term share account.
Dividends are computed on the average daily balance and are compounded and credited quarterly. Dividends are automatically deposited to your certificate account. Upon special request, a dividend check may be issued for certificates of $5000 or more, however, no check will be issued when dividends are less than $25. Dividend amounts less than $25 will be deposited to your regular share account. This option is not available for the Money Management IRA Certificate.
Your dividends will be available to you anytime after they are paid. Dividends are paid on the last day of March, June, September and December.
For the current dividend rate and annual percentage yield, please refer to the dividend rate page located on this site.
Minimum initial deposit $1000.00
Minimum balance required to obtain annual percentage yield $1000.00
Must maintain a minimum balance of $1000.00 everyday in statement cycle to earn APY.
Dividends will begin to accrue on the business day you deposit cash and/or noncash items (e.g., checks) to your account.
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Stated annual yield assumes funds remain on deposit until maturity. Early withdrawal will reduce earnings.
Additional deposits of $1,000 or more are permitted at anytime. Deposits can be made to the IRA certificate (subject to IRS contribution limits).
The 48 Month Step Up Option is a feature of the Money Management Certificate Account and Money Management IRA Certificate. You may direct us in writing to increase the interest rate one time during the term of this certificate. You may select the prevailing rate at the time of your request and keep the same maturity date as originally issued. You may request the rate increase in person or by mail. A written authorization must be signed and the new interest rate will be effective upon receipt by PFCU.
It is the policy of this credit union to impose a penalty for early withdrawal. Please see below for a description of these penalties.
Except in the death of the primary member, A SUBSTANTIAL PENALTY IS IMPOSED if certificate funds other than dividends are withdrawn before the maturity date. The penalty is a forfeiture of earned dividends or as stipulated below. The principal amount upon which earned dividends are forfeited is the amount withdrawn unless the amount withdrawn reduces the balance below $1000.00. In that event the account will be cancelled, and the principal amount, upon which earned dividends are forfeited is the entire amount of the certificate.
Dividends since the date of issuance or renewal, (seven-day grace period) or 90-days dividends for certificates with original maturities of six months, 182-days dividends for certificates with original maturities of 12 months, 365-days dividends for certificates with original maturities of greater than 12 months.
Your certificate account will automatically renew at maturity. You will have a grace period of seven calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.
| Sure Pay Fee (Applies to overdrafts created by check, in-person withdrawal, ATM withdrawal, or by other electronic means) | $35.00 |
| Returned Draft (Check) | $35.00 |
| NSF (Non-sufficient Funds) Items | $35.00 |
| Returned POS/ATM Items | $35.00 |
| Second Party Check | $5.00 |
| Returned Electronic Withdrawl | $35.00 |
| Stop Payment (No charge for e-branch or SMARTline) | $20.00 |
| Share Draft/Check Copy | $2.00 |
| Starter Drafts (Checks) (Available forShare Draft Checking Accounts only) | Free |
| Research/Reconcilement | $25.00/hr. ($25.00 minimum) |
| Overdraft Protection (Transfers in excess of 3 per/month) | $5.00/each |
| Histories/Printed Account Status | $3.00/page**Free when generated with e-Branch |
| Account Reinstatement (Within One Year) | $25.00 |
| Loose Coin Counting | 5% of dollar amount ($2.00 minimum) |
| Microfiche Copy of Statement | $3.00/page**No charge through e-BRANCH |
| Photocopies | FREE |
| Faxes | FREE |
| Money Order | $2.00 |
| Traveler's Checks (Regular) | FREE |
| Traveler's Checks for Two | $.50/per $100 |
| Outgoing Wire Transfer (Domestic) | $15.00 |
| Outgoing Wire Transfer (International) | $45.00 |
| Returned Mail Fee | $10.00 |
| Dormant Accounts | $3.00 per month (Prime share balance of $100 or less after one year of inactivity) |
| Money Market Account Minimum Balance Fee | $7.50 per month (If balance falls below $2500.00 at any time during the month) |
| STAR Additional/Replacement Card | $5.00 |
| ATM Fee (Cash withdrawals in excess of 6 per/month at an ATM machine) | $1.00 each after first 6 |
| ATM Overdraft | $35.00 |
| ATM Misuse Fee | $25.00 (Plus possible forfeiture of ATM privileges) |
| ATM/Check Card Charge Back Fee | $20.00 |
| ATM surcharge (non PFCU cardholders) | $2.00 |
| Cashier's Check
|
$3.00 |
| Skip-A-Month (Fee applied to closed-end loans only) | $15.00 |
Tax Filing
Originating Withdrawals(ACH)
There is no charge for this service.
Safe Deposit Box
| 3 x 5 | $15.00 |
| 3 x 10 | $25.00 |
| 5 x 10 | $30.00 |
| 10 x 10 | $55.00 |
| Key Replacement | $10.00 |
| Lock Replacement | $100.00 |
VISA Gift Cards.............................................................$3.95
| Replacement Card.............................................$10.00 |
| Domestic ATM Withdrawal Fee..............................$2.00 |
| International ATM Withdrawal Fee..........................$5.00 |
| Domestic Balance Inquiry Fee................................$1.00 |
| International Balance Inquiry Fee............................$2.00 |
| Monthly maintenance fee (waived 1st 6 months)...$3.00/month |
VISA Debit Cards ..........................................................Exchange Rate
The exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date, plus a 1% International Service Assessment Fee.
VISA Debit Cards...........................................................Special Delivery
4 Day Rush Delivery......................................................$26
3 Day Rush Delivery .....................................................$51 Saturday Delivery .........................................................$66
Check Usage Fee (in excess 30/month)
$.10 per check after first 30
PLEASE NOTE: PFCU will determine the Check Usage Fee based upon the number of checks that clear the member's account NOT the number of checks written each month.
Non-Member Check Cashing Services
$5.00 per item
Charge to non-members presenting Patriot Federal Credit Union share draft check(s) for payment.
Member Check Cashing Privileges
PFCU will no longer provide check-cashing services, of any kind, for those members not in good standing with PFCU. A member not in good standing is a member who has caused a financial loss to the credit union such as loan default, bankruptcy discharge, forgery, fraud, or check kiting. Members involved in physical abuse, harassment or verbal abuse toward employees or other members may also be denied this service.
Dormant Accounts
$3.00 per month (Applied after one year of inactivity to balances of $100 or less in prime share)
Escheat Fee
$25.00 (Applied to dormant accounts - IE in MD after no activity for 3 years - all other states 5 years)
Attachment/Garnishment/Levy Fee
$100.00 (Applied at time attachment/garnishment/levy fee is placed and includes FIDM [Domestic Relations] notices)
Share Draft Reinstatement Fee
$25.00 (Applied to share drafts closed voluntarily or involuntarily and reopened within a 1-year period)
Money Market AccountMinimum Balance Fee
$7.50 per month (If balance falls below $2500.00 at any time during the month)
Rev 05/06/08