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This fee schedule for all accounts set forth certain conditions, fees and charges applicable to share and share draft accounts at Electric Cooperatives Federal Credit Union as of May 18, 2017. This schedule of fees which may be assessed in connection with your accounts is incorporated as part of your account agreement with Electric Cooperatives Federal Credit Unon.
*May apply if you had checks clear before balance is sent.
| Fee Name | Cost |
|---|---|
| Stop Payment | $20.00 |
| Courtesy Pay | $25.00 |
| Insufficient Funds | $25.00 |
| Return Check/ACH Fee | $25.00 |
| Wiring of Funds | $20.00 |
| Western Union | $20.00 |
| Photocopy of Check | $2.00 |
| Photocopy of Statement(s) | $5.00 |
| Automatic transfer from Savings | $5.00 |
| Manual transfer from Savings | $10.00 |
| Research or Statement Reconcilement (hourly) | $20.00 |
| Inactivity account fee (per month) (no activity for 12 months and account is $100.00) | $5.00 |
| Excessive withdrawal Fee for Share Account (per item charged after three withdrawals per month) | $7.50 |
| Excessive withdrawal Fee for Christmas Club (first free withdrawal in November) | $7.50 |
| ATM Insufficient Funds * | $25.00 |
| Share Draft Account Fee Type 75/77 (if account falls below $100.00 anytime during the month) | $5.00 |
| Health Savings Account Monthly Fee Type 76 | $2.00 |
| Return Mail Fee | $3.00 |
| Visa Debit, HSA or Credit Card Replacement (additional card or replacement card request - not renewals) | $5.00 |
| Duplicate Title/Copy of Title | $15.00 |
| UCC - Original Filing | $16.00 |
| Bulk Loose Coins if not Presorted according to procedures | $20.00 |
WHAT DOES ELECTRIC COOPERATIVES FEDERAL CREDIT UNION DO WITH YOUR PERSONAL INFORMATION?
WHY?
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
WHAT?
The types of personal information we collect and share depend on the product or service you have with us. This information can include: Social Security number and Income, Account balances and Payment history, Credit history and Credit Scores. When you are no longer our customer, we continue to share your information as described in this notice.
HOW?
All financial companies need to share customer’s personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer’s personal information; the reasons Electric Cooperatives Federal Credit Union chooses to share; and whether you limit this sharing.
| Reasons we can share your personal information. If you have questions please call: 1 (501) 570-2396 |
Does Electric Cooperatives FCU share? | Can you limit this sharing? |
|---|---|---|
| For our everyday business purposes – Such as to process your transactions, maintain Your account(s), respond to court orders and legal Investigations, or report to credit bureaus | Yes | No |
| For our marketing purposes – To offer our products and services to you | Yes | No |
| For joint marketing with other financial companies | No | We don’t share |
| For our affiliates’ everyday business purposes – Information about your creditworthiness | No | We don’t share |
| For our affiliates to market to you | No | We don’t share |
| For non-affiliates to market to you | No | We don’t share |
Who We Are
Who is providing this notice?
Electric Cooperatives Federal Credit Union P O Box 194208, Little Rock, AR 72219
What we do
How does Electric Cooperatives Federal Credit Union protect my personal Information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
How does Electric Cooperatives Federal Credit Union collect my personal information?
We collect your personal information, for example, when you:
Open an account or Deposit money, Pay your bills or Apply for a loan, Use your debit card.
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing?
Federal law gives you the right to limit only:
Sharing for affiliates’ everyday business purposes – information about your creditworthiness, Affiliates from using your information to market to you, Sharing for non-affiliates to market to you, State laws and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and nonfinancial companies. • Electric Cooperatives Federal Credit Union has no affiliates.
Non-affiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies. • We disclose to non-affiliated companies only for our everyday business purposes, such as to process transactions, maintain accounts, respond to court orders and legal investigations, or report to credit bureaus as otherwise permitted by law.
Joint marketing
A formal agreement between non-affiliated financial companies that together market financial products or services to you. Our joint marketing partners include insurance and brokerage companies.
PATRIOT ACT'S MEMBER IDENTIFICATION POLICY
CUSTOMER IDENTIFICATION PROGRAM (CIP)
The CIP requires financial institutions to create policies and implement procedures to collect and verify enough identification information to form a "reasonable belief" that it knows the true identity of a member/customer. It also requires that financial institutions crosscheck the names of members or account signers against the government's list of known or suspected terrorists.
ACCOUNTS THAT ARE SUBJECT TO THE CIP
All deposits and loan accounts are subject to the PATRIOT ACT including but not limited to new members, existing members who apply for a loan and/or members who are added as a signatory to a new or existing deposit or loan account. This includes individuals, and anyone representing a business and/or other organizations' and all signatories on accounts, whether added at the time the account is opened or at a later time.
The following is a list of acceptable means of identification
Current drivers license with photo
Social Security Card
Employer ID (or copy of check stub)
Passport
Birth Certificate
Other government issued document that would provide evidence of nationality or residence and bears a photograph or a similar safeguard.
Children's form of identity
Social Security Card
Birth Certificate
Verification of identity by Parent (s) or Grandparent (s)
Copies of these documents must be received and kept by the Credit Union in the member's file.
If the member is not able to open an account in person:
A notarized document of the member's signature and a copy of Picture ID and Social Security card must accompany the Membership Card before a person can become a member. All signers on the card must also provide the same information.