Consumers Credit Union
PO Box 486
Denison, Iowa 51442
(712) 263-8674 FAX
Toll Free (877) 715-2578
8:30 am to 5:00 pm
Monday thru Friday
Locate an ATM Near you
Privileged Status List
Regular Share (Savings), Special Accounts, and Share Draft
Rate Information - The anticipated dividend rate with
an anticipated annual percentage yield is on a rate sheet
available at the Credit Union. Your dividend rate and
annual percentage yield may change at anytime. The
dividend is determined at the discretion of the Board of
Directors on a quarterly basis. These variable rate
accounts have no rate change limitations.
COMPOUNDING AND CREDITING -
Dividends are calculated daily and credited quarterly. For
these accounts, the dividend period is quarterly. For
example, the beginning date of the first dividend period of the
calendar year is January 1 and the ending date of such dividend
period is March 31. All other dividend periods will follow
the same pattern dates. The dividend declaration date
follows the ending date of a dividend period (e.g., April 1). If you close your account before
dividends are credited, you will not receive accrued dividends.
MINIMUM BALANCE REQUIREMENTS - The par value of a share
in this credit union is $25.00. To open any account you
must purchase a $25.00 share in the credit union.
REGULAR SHARE and SPECIAL ACCOUNTS (VACATION AND BILL PAYING)
- You must maintain a minimum daily balance of $100.00 to
obtain the disclosed annual percentage yield.
CHECK CASHING - Members who maintain a
$250.00 combined balance in all their accounts (including loans)
may cash checks without charge. Members who do not
maintain a $250.00 combined balance in all their accounts will
be charged a $1.00 per $100.00 check cashing fee. Students
and persons age 55 and older will not have to pay this fee.
Manager may make exceptions on a case by case basis depending on
special knowledge/arrangements on a given account.
SHARE DRAFT (CHECKING) - This is a
dividend bearing account. You must maintain $500.00 in the
account at all times to earn the dividend. This account
will be subject to a service charge of $4.00 per month.
BALANCE COMPUTATION METHOD - We use
the daily balance method to calculate dividends on all the
accounts. This method applies the periodic rate to the
daily balance in the account for the period.
ACCRUAL of DIVIDENDS - Dividends will
begin to accrue on the business day you deposit noncash items
(for example, checks) to your account.
TRANSACTION LIMITATIONS - There are no
limitations on the number or dollar amounts of deposits to, or
withdrawals from the account.
NATURE OF DIVIDENDS - Dividends are
paid from current income and available earnings, after required
transfer to reserves at the end of the dividend period.
NATIONAL CREDIT UNION SHARE INSURANCE FUND
(NCUA) - Member accounts in this credit union are federally
insured by the National Credit Union Share Insurance Fund.
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Holiday Club Account
Rate Information - The interest rate and annual
percentage yield may change every year. We may change the
interest rate for your account as determined by the credit union
Board of Directors.
CREDITING - Dividend will compound and credit annually.
It will be credited upon time of disbursement of funds.
CLOSING AN ACCOUNT - If you close your account before
interest is paid, you will not receive the accrued interest.
COMPUTATION - We use the daily balance method to calculate
the dividends on this account. This method applies to a
daily periodic rate to the balance in the account each day.
DIVIDENDS ON NONCASH DEPOSITS - Dividends will accrue on
cash and noncash deposits (e.g., checks) on the business day
you make the deposit to your account.
LIMITATIONS - No withdrawals may be made from this account
without closing the account. The balance of this account
will be disbursed in early fall.
DIVIDENDS - Dividends are paid from current income and
available earnings, after required transfer to reserves at the
end of the dividend period. Dividend rate and annual
percentage yield are as of the last dividend date.
UNION SHARE INSURANCE FUND (NCUA) - Member accounts in this
credit union are federally insured by the National Credit Union
Share Insurance Fund.
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We do business in Accordance with the Federal Fair
Housing Law and the Equal Housing Opportunity Act.