Deposit Account Rates

Savings Account Rates1

Effective Date: September 1st, 2018 Interest Rate Annual Percentage Yield Minimum Opening Balance Minimum Daily Balance To Earn Interest Interest Compounded & Credited
Youth Membership/Kid Kash (Age: < 19)
$ .01 and Greater .05% .05% $5 $5 Quarterly
Membership Account (Age: > 19)
$ .00 - $4,999.99 .05% .05% $5 $10 Quarterly
Extra Savings Account
$5,000.00 and Greater .05% .05% $25 $100 Quarterly
Effective Date: September 1st, 2018 Interest Rate Annual Percentage Yield Minimum Opening Balance Minimum Daily Balance To Earn Interest Interest Compounded & Credited
Money Market Plus $0 $.01 Monthly
$ .01 - $1,000.00 2.96% 3.00%      
$1,000.01 - $5,000.00 1.00% 1.00%      
$5,000.01 - $10,000.00 .50% .50%      
$10,000.01 - $50,000.00 .30% .30%      
$50.000.01 - $100,000.00 .20% .20%      
$100,000.01 - $250,000.00 .15% .15%      
$250,000.01+ .10% .10%      
Effective Date: September 1st, 2018 Interest Rate Annual Percentage Yield Minimum Opening Balance Minimum Daily Balance To Earn Interest Interest Compounded & Credited
IRA Deposit     $100 $100 Quarterly
$ .00 - $9,999.99 .15% .15%      
$10,000.00 and greater .20% .20%      
Perfect Plan (Club Account) .05% .05% $25 $25 Monthly

Certificate Accounts2

Effective Date: September 1st, 2018 Interest Rate
$500 – $24,999.99
Annual Percentage Yield
$500 – $24,999.99
Interest Rate
$25,000 – $99,999.99
Annual Percentage Yield
$25,000 – $99,999.99

Interest Rate ≥ $100,000

Annual Percentage Yield ≥ $100,000 Interest Compounded & Credited
Certificates
6 Months .45% .45% .45% .45% .45% .45% Monthly
1 Year .75% .75% .75% .75% .75% .75% Monthly
18 Months 1.09% 1.10% 1.09% 1.10% 1.09% 1.10% Monthly
2 Years 1.24% 1.25% 1.24% 1.25% 1.24% 1.25% Monthly
3 Years 1.49% 1.50% 1.49% 1.50% 1.49% 1.50% Monthly
4 Years 1.54% 1.55% 1.54% 1.55% 1.54% 1.55% Monthly
5 Years 1.98% 2.00% 1.98% 2.00% 1.98% 2.00% Monthly
Effective Date: September 1st, 2018 Interest Rate
$500 – $24,999.99
Annual Percentage Yield
$500 – $24,999.99
Interest Rate
$25,000 – $99,999.99
Annual Percentage Yield
$25,000 – $99,999.99
Interest Rate ≥ $100,000 Annual Percentage Yield ≥ $100,000 Interest Compounded & Credited
IRA Certificates
6 Months .45% .45% .45% .45% .45% .45% Monthly
1 Year .75% .75% .75% .75% .75% .75% Monthly
18 Months 1.09% 1.10% 1.09% 1.10% 1.09% 1.10% Monthly
2 Years 1.24% 1.25% 1.24% 1.25% 1.24% 1.25% Monthly
3 Years 1.49% 1.50% 1.49% 1.50% 1.49% 1.50% Monthly
4 Years 1.54% 1.55% 1.54% 1.55% 1.54% 1.55% Monthly
5 Years 1.98% 2.00% 1.98% 2.00% 1.98% 2.00% Monthly

 

Membership Account  
Inactive Membership Fee (single service account, balance <$100, inactive 12 months) $10.00/month
Money Market Plus Account  
Excessive Check Fee $10.00/per check/per month over account limitations
Individual Retirement Accounts   
1099 OR 5498 Copies $2.00 per copy
Early Closure Fee (if deposit account is closed within 180 days of opening) $50.00
Miscellaneous Fees  
Account Research $25.00/per hour
Address Locator Fee $5.00
Black Zipper Bags $10.00/each
Official CU Check $5.00
Collection Fee $15.00 per item + other bank’s fee
Garnishment/Tax Levy Fee $50.00/per item
Non-Credit Union Check, Debit, or Credit Card payment by phone $10.00
Returned Check Fee  
  Written by Member $30.00/check
  Written to Member $15.00/check
Foreign check when written to a member $25.00
Plastic Card Replacement Fee $5.00/card
Card Rush Fee $40.00
Statement Copy Fee  
  Page $2.00
  Full Statement $5.00
Stop Payment: Credit Union Check $25.00/per check
VISA Credit/Debit Draft Copy $12.00/per draft
Visa Debit/ATM International Transaction Fee 1% on any transaction originated in a foreign country
Wire Transfer:  
Incoming $15.00/transfer
Outgoing $25.00/each
Non-Sufficient Funds Fee $30.00/item
Returned Payment Fee ACH/Checks $25.00/each
Payment/Deposit by Phone $10.00/each
Subpoena Fee $25.00 per hour (minimum one hour charge)
Automated Teller Machines  
ATM Usage Fee  
At Central Willamette or CO-OP Network ATMs Free
Withdrawals at non-Central Willamette or non-CO-OP Network ATMs $1.50/each
Safe Deposit Box Fees  
Annual Rental  
3” x 5” $35.00
5” x 5” $45.00
3” x 10” $50.00
5” x 10” $65.00
Drilling Box Actual cost plus $20.00
Key Replacement $25.00

 

1TRUTH-IN-SAVINGS DISCLOSURES
Except as specifically described, the following disclosures apply to all of the accounts:

  1. Rate Information. The Interest Rate and Annual Percentage Yield on your accounts are set forth above. The Interest Rate and Annual Percentage Yield may change periodically as set forth above for each account, as determined by Management and/or Board of Directors. The Interest Rates and Annual Percentage Yields applicable to each account depends on the balance ranges set forth above. Once a balance range is met, the highest Interest Rate and Annual Percentage Yield for that range will apply to the entire balance in your account.

  2. Compounding and Crediting. Interest will be compounded and credited as set forth above.
  3. Accrual of Interest. Interest begins to accrue on cash deposits on the business day you make the deposit to your account. Interest will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.
  4. Balance Information. The minimum balance required to open each account is set forth above. For all saving, the minimum balance required to obtain the stated Annual Percentage Yield is set forth above. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. For all accounts, interest is 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 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.

  5. Account Limitations. The account limitations for each account are set forth above. For Money Market Accounts, transaction limitations will apply. No more than six (6) preauthorized, automatic, telephone transfers or transfer by check may be made from this account to another account of yours or to a third party in any month. If you exceed these limitations, your accounts may be subject to an excessive transaction fee. For additional information please see the Member Information Brochure.

  6. Membership Account. Your Membership Account is a share account and earns dividends rather than interest. With respect to the Membership Account, all references in this Rate and Fee Schedule to "interest" or "interest rate" shall mean "dividends" or "dividend rate". Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Dividend Rate and Annual Percentage Yield set forth above for your Membership Account are the prospective rates the Board anticipates paying for the applicable dividend period
  7. Money Market Account. Limit one account per tax-id number. Dividends are paid at the stated dividend rate for each tier on the portion of the balance within the specified tier. Total dividends paid are based on the amount calculated in each tier..

The rates appearing in this Schedule are accurate and effective for Savings Accounts as of the Effective Date indicated above. If you have any questions or require current rate information on your accounts, please call the Credit Union at 541-928-4536 or at 1-800-950-4536.

This Rate Schedule sets forth current conditions and rates applicable to your Certificate Accounts at Central Willamette Community Credit Union at this time. Early withdrawal penalties may apply. The Credit Union may offer other rates or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate Schedule and acknowledges that it is a part of the Membership and Account Agreement.

2 TRUTH-IN-SAVINGS DISCLOSURES
Except as specifically described, the following disclosures apply to all of the accounts:

  1. Rate Information. The Interest Rates and Annual Percentage Yields on your accounts are set forth above. The Annual Percentage Yield is a percentage rate that reflects the total amount of interest to be paid on an account based on the Interest Rate and frequency of compounding for an annual period. The Interest Rate and Annual Percentage Yield are fixed and will be in effect for the term of the Account. The Annual Percentage Yield is based on an assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.
  2. Compounding and Crediting. Interest will be compounded and credited as set forth above.
  3. Balance Information. The minimum balances required to open each account is $500.00. For all accounts, interest is 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 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.
  4. Accrual of Interest. Interest begins to accrue on cash deposits on the business day you make the deposit to your account. Interest will begin to accrue on the business day you deposit noncash items (e.g. checks) to your account
  5. Transaction Limitations. After your account is opened, you may not make additional deposits to your account.
  6. Maturity. Your account will mature within the term set forth above or maturity date set forth on your Account Receipt or Renewal Notice.
  7. Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal before the maturity date.
    1. Amount of Penalty. The amount of the early withdrawal penalty is a forfeiture of interest equal to one half of the original term of the accounts interest.
    2. How the Penalty Works. The penalty is calculated as a forfeiture of part of the Interest that has been or would be earned on the account. It applies whether or not the interest has been earned. In other words, if the account has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal.
    3. Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:
      1. When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
      2. Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment; or where the account is a Keogh Plan (Keogh) provided that the depositor forfeits an amount of at least equal to the simple interest earned in the amount withdrawn; or where the account is an IRA or Keogh and the owner attains age 59½ or becomes disabled.
  8. Renewal Policy. Your accounts are automatically renewable accounts. Your account will automatically renew for another term upon maturity, and you have a grace period of ten (10) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty. The rate that is in effect on the renewal date of an automatically renewed certificate will be paid on that certificate if the certificate is closed within the 10 day grace period.
  9. Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union. The rates appearing in this Schedule are accurate and effective for Certificate Accounts as of the Effective Date indicated above. If you have any questions or require current rate information on your accounts, please call the Credit Union at the 541-928-4536 or at 1-800-950-4536.