Georgia Power Valdosta FCU

Fee Schedule

Effective April 1, 2016

The following fees may be assessed against your account and the following transaction limitations, if any, applied to your account.

Checking Account Fees (Applicable to All Accounts)
Non-Sufficient Funds (NSF) $30.00/item
Courtesy Pay (NSF) $30.00/item
Deposited Item Return $30.00/item
Stop Payments (ACH) $10.00
Stop Payment (Share Draft) $30.00
Share Overdraft Transfer $5.00
Counter Checks 4 for $4.00
Check Copy $3.00
ATM Use Fee $2.00
EFT Fees
Debit Card Replacement $10.00
Other Service Fees
Levy/Garnishment $25.00
Outgoing Wire Fee $20.00
International Wire Fee $30.00
Account reopen within 1 year $20.00
Joint Owner Change
in excess of 1 every 12 months
$20.00
Closed Account within 13 months of opening $20.00
VISA PrePaid Debit Card Purchase Fee
$5.95
VISA PrePaid Debit Card Reload Fee
$1.00
VISA Gift Card Purchase Fee
$3.00
Check Cashing Fee¹
$3.00
Cashier's Check
1 free every 6 months
$5.00
Statement Copies
current - 12 months $3.00 per month
13 months - older $6.00 per month
Copy/Fax $0.25 per page
Returned Mail
$5.00
Loan Extension Fee $30.00
Loan Processing Fee
Fee assessed per Credit Union policy
$20.00
Loan Funds Wire Out Fee
$10.00
Real Estate Loan Fee
Minimum fee $300...maximum fee $800
1.00% of principal amount
Verification of Deposit by Fax
$3.00
Membership Fee
$5.00
Dormant Account Fee
$50.00
Loan Funds Wire Out $10.00
Real Estate Loan Fee 1.00% of principal amount
(minimum fee $300...maximum fee $800)

¹ Fee only apply when there is less than $100.00 in savings, open loan, or a checking account is present.

IV TRUTH IN SAVINGS

Share Account

Rate Information:

The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Dividend Period - For this account type, 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 follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period and for the example above.

If you close your share account before dividends are paid, you will not receive the accrued dividends.

Minimum Balance Requirements:

The minimum required to open this account is the purchase of a share in the credit union. Please see the bylaw requirements in the Common Features section for additional information.

You must maintain a minimum average daily balance of $100.00 in your account to obtain the disclosed annual percentage yield.

Average Daily Balance Computation Method: Dividends are 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 calculated by adding the balance in the account for each day the period and dividing that figure by the number of days in the period. The period we use is the calendar quarter.

Accrual of Dividends on Noncash Deposits: Dividends will begin to accrue on the business day you place noncash items (for example, checks) to you account.

Transaction Limitations:

During any month, you may not make more than six withdrawals or transfer to another credit union account of your or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. No more than three of the six transfers may be made by check or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.

Par Value of a Share:

The par value of a share in this account is $5.00.

Share Money Market Account

Minimum balance requirements: $2,500.00

Rate Information:

The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and Crediting - Dividends will be compounded every quarter, 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 follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period and for the example above is April 1.

If you close your account before dividends are paid, you will not receive the accrued dividends.

Average Daily Balance Computation Method: Dividends are 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 calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the calendar quarter.

Accruals of Dividends on Noncash Deposits: Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transactions Limitations:

The minimum amount allowed per withdrawal on this account is $500.00. The account is a savings deposit account and must comply with Regulation D rules of the Federal Reserve System. During any month, 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 or similar order to a third part. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.

Par Value of a Share:

The par value of a share in this account is $5.00.

IRA Passbook Account

Rate Information:

The dividend rates and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and Crediting - Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Dividend Period - For this account type, 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 follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period and for the example above is April 1.

If you close your share account before dividends are paid, you will not receive the accrued dividends.

Minimum Balance Requirements:

No minimum balance requirements apply to this account.

Average Daily Balance Computation Method - Dividends are 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 calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the calendar quarter.

Accrual of Dividends on Noncash Deposits: - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction Limitations:

You may not make any withdrawals or transfers to another credit union account of ours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party.

Par Value of a Share:

The par value of a share in this account is $5.00.

Christmas Club Account

Rate Information:

The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for you account as determined by the credit union board of directors.

Compounding and Crediting - Dividends will be compounded every quarter. Dividends will be credited your account every quarter.

Dividend Period - For this account type, 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 follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.

If you close your shave account before dividends are paid, you will not receive the accrued dividends.

Minimum Balance Requirements:

No minimum balance requirements apply to this account.

Average Daily Balance Computation Method - Dividends are calculated by the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the calendar quarter.

Accrual of dividends on Noncash Deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transactions Limitations:

You may not make any withdrawals or transfers to another credit union account of yours or to a third party my means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party.

Par Value of a Share:

The par value of a share in this account is $5.00.

Share Draft Account

Minimum Balance Requirements:

No minimum balance requirements apply to this account.

Transaction Limitation: - We reserve the right to at any time require not less than a seven-day notice in writing before each withdrawal form an interest-bearing account other than a time deposit, or form any other savings account as defined by Regulation D.

Nature of Dividends - Dividends are paid form current income and available earnings, after required transfers to reserves at the end of a dividend period.

National Credit union Share Insurance Fund - Member accounts in this credit union is federally insured by the National Credit Union Share Insurance Fund.