TPCCU Disclosure Information
TRUTH IN SAVINGS
The Truth in Savings Act (T-I-S) is a section of the Federal Deposit
Insurance Corporation Improvement Act of 1991. The National Credit Union
Administration is charged with enforcing the act which applies to ALL
credit unions.
The purpose of T-I-S is to promote and simplify comparisons among accounts at all financial institutions. T-I-S enables consumers to make informed choices / comparisons among competing claims of financial institutions by requiring disclosure of the interest rates payable on these accounts and the fees assessable against these accounts.
It is the intent of Tri-Pointe Community Credit Union to maintain compliance with this federal law pertaining to full disclosure regarding the terms and conditions of all savings programs.
The following disclosure information illustrates the various savings alternatives available at Tri-Pointe Community Credit Union.
The Rate and Information and Fees and Charges Schedule sets forth certain conditions, rates, fees and charges applicable to your accounts at the Tri-Pointe Community Credit Union as of May 1, 2000. That schedule is incorporated as part of this disclosure.
If you have questions regarding any of the accounts offered at Tri-Pointe Community Credit Union, please let a credit union representative assist you.
SHARE ACCOUNT
"Dividends are paid from current income and available earnings, after
required transfers to reserves at the end of a dividend period."
COMPOUNDING AND CREDITING
Dividends will be compounded quarterly and will credited quarterly.
For this type of account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is 01/01/00 and the ending date of such dividend period is 03/31/00. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date follows the ending date of a dividend period, and for the example is 04/01/00.
If you close your account before dividends are paid, you will not receive the accrued dividends.
ACCOUNT RESTRICTIONS AND FEATURES
During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account may be closed.
The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.
BALANCE COMPUTATION METHOD
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
MINIMUM BALANCE REQUIREMENTS
The minimum required to open their account is the purchase of a $5.00
par value share in the credit union.
ACCRUAL OF DIVIDENDS ON NON-CASH DEPOSITS
Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.
SHARE DRAFT/CHECKING ACCOUNT
"Dividends are paid from current income and available earnings, after
required transfers to reserves at the end of a dividend period."
COMPOUNDING AND CREDITING
Dividends will be compounded quarterly and will credited quarterly.
For this type of account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is 01/01/00 and the ending date of such dividend period is 03/31/00. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date follows the ending date of a dividend period, and for the example is 04/01/00.
If you close your account before dividends are paid, you will not receive the accrued dividends.
ACCOUNT RESTRICTIONS AND FEATURES
No transaction restrictions apply to this account.
BALANCE COMPUTATION METHOD
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
MINIMUM BALANCE REQUIREMENTS
No minimum balance requirements apply to this account.
ACCRUAL OF DIVIDENDS ON NON-CASH DEPOSITS
Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.
MONEY MARKET DAILY INVESTMENT ACCOUNT
"Dividends are paid from current income and available earnings, after
required transfers to reserves at the end of a dividend period."
COMPOUNDING AND CREDITING
Dividends will be compounded monthly and will be credited monthly.
For this type of account type, the dividend period is quarterly, for example, the beginning dates of the first dividend period of the calendar year is 01/01/00 and the ending date of such dividend period is 03/31/00. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example is 04/01/00.
If you close your account before dividends are paid, you will not receive the accrued dividends.
ACCOUNT RESTRICTIONS AND FEATURES
The minimum amount you may withdraw is $500.00.
During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account may be closed.
The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.
BALANCE COMPUTATION METHOD
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
MINIMUM BALANCE REQUIREMENTS
The minimum balance required to open this account is $2,500.00.
You must maintain a minimum daily balance of $2,500.00 in your account
each day to obtain the disclosed annual percentage yield.
ACCRUAL OF DIVIDENDS ON NON-CASH DEPOSITS
Dividends will begin to accrue on the business day you deposited 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."
IRA ACCUMULATIVE ACCOUNT
"Dividends are paid from current income and available earnings,
after required transfers to reserves at the end of a dividend period."
COMPOUNDING AND CREDITING
Dividends will be compounded quarterly and will credited quarterly.
For this type of account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is 01/01/00 and the ending date of such dividend period is 03/31/00. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date follows the ending date of a dividend period, and for the example is 04/01/00.
If you close your account before dividends are paid, you will not receive the accrued dividends.
ACCOUNT RESTRICTIONS AND FEATURES
During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account may be closed.
The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.
BALANCE COMPUTATION METHOD
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
MINIMUM BALANCE REQUIREMENTS
No minimum balance requirements apply to this account.
ACCRUAL OF DIVIDENDS ON NON-CASH DEPOSITS
Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.
VACATION CLUB ACCOUNT
"Dividends are paid from current income and available earnings, after
required transfers to reserves at the end of a dividend period."
COMPOUNDING AND CREDITING
Dividends will be compounded quarterly and will credited quarterly.
For this type of account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is 01/01/00 and the ending date of such dividend period is 03/31/00. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date follows the ending date of a dividend period, and for the example is 04/01/00.
If you close your account before dividends are paid, you will not receive the accrued dividends.
ACCOUNT RESTRICTIONS AND FEATURES
During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account may be closed.
The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.
BALANCE COMPUTATION METHOD
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
MINIMUM BALANCE REQUIREMENTS
No minimum balance requirements apply to this account.
ACCRUAL OF DIVIDENDS ON NON-CASH DEPOSITS
Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.
CHRISTMAS CLUB ACCOUNT
"Dividends are paid from current income and available earnings, after
required transfers to reserves at the end of a dividend period."
COMPOUNDING AND CREDITING
Dividends will be compounded quarterly and will credited quarterly.
For this type of account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is 01/01/00 and the ending date of such dividend period is 03/31/00. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date follows the ending date of a dividend period, and for the example is 04/01/00.
If you close your account before dividends are paid, you will not receive the accrued dividends.
ACCOUNT RESTRICTIONS AND FEATURES
During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account may be closed.
The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.
BALANCE COMPUTATION METHOD
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
MINIMUM BALANCE REQUIREMENTS
No minimum balance requirements apply to this account.
ACCRUAL OF DIVIDENDS ON NON-CASH DEPOSITS
Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.
