Disclosure Info

Interest Bearing Account / CHOICE Complete Account / Rainbow Account / Student Account

  • Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • Interest is computed daily and credited on the last day of each statement period. If you close your account before interest is credited, you will receive the accrued interest.
  • The bank uses the average daily balance method of computing interest, which applies a periodic rate to the average daily balance for the period. The average daily balance of principal in the account for each day of the period and dividing that figure by the number of days in the period.

Freedom Checking Account

  • Unlimited free checking that has no service charge on average monthly balances of $300.00 or more
  • Canceled checks are stored by the bank.

Regular Checking Account

  • Unlimited free checking that has no service charge on average balances of $400.00 or more.
  • Canceled checks are returned with your monthly statement.

Convenience Checking Account

  • Unlimited free checking that has no balance requirement.
  • Canceled checks are returned with your monthly statement.

Saving Accounts

  • The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • Interest is computed daily and credited on the last day of each calendar quarter. If you close your account before interest is credited, you will receive the accrued interest.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

CHOICE Savings

  • Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily.
  • You may make six (6) transfers from your account, but only three (3) may be payments by check to third parties.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • Interest is computed daily and credited on the last day of each statement period. If you close your account before interest is credited, you will receive the accrued interest.
  • The bank uses the average daily balance method of computing interest, which applies a periodic rate to the average daily balance for the period. The average daily balance of principal in the account for each day of the period and dividing that figure by the number of days in the period.

Money Market Fun(d)

  • Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily.
  • You may make six (6) transfers from your account, but only three (3) may be payments by check to third parties.
  • Interest begins to accrue on the business day you deposit noncash item (for example, checks).
  • Interest is computed daily and credited on the last day of each statement period. If you close your account before interest is credited, you will receive the accrued interest.
  • The bank uses the average daily balance method of computing interest, which applies a periodic rate to the average daily balance for the period. The average daily balance of principal in the account for each day of the period and dividing that figure by the number of days in the period.
  • Monthly average balances of less than $5,000 earn no interest.

Certificates of Deposit

  • The interest rate for your account will be paid until the maturity date of your certificate.
  • Interest is computed daily and will be credited to your account monthly.
  • Interest begins to accrue on the business day you deposit noncash items (for example, checks).
  • This account will automatically renew at maturity. You will have ten (10) calendar days from the maturity date to withdraw your funds without being charged a penalty.
  • After the account is opened, you may not make deposits into or withdrawals from this account until the maturity date.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • If any of the deposit is withdrawn before the maturity date, a penalty of 1/2 the interest that would have been earned if held to maturity will be imposed and taken from the accrued interest and the principal, if necessary.

Credit Card Disclosure

 

Annual Percentage Rate (APR) for Purchases

10.25%    The APR will vary with the market based on the Prime Rate

APR for Balance Transfers

10.25%    The APR will vary with the market based on the Prime Rate

APR for Cash Advances

10.25%    The APR will vary with the market based on the Prime Rate

Penalty APR

14.25%  This APR will vary with the market based on the Prime Rate.

When Penalty APR Applies

This APR will vary with the market based on the Prime Rate. This APR may be applied to you if:
1) Make a late payment – 60 days late

How long will the penalty APR apply?
If your APRs are increased for this reason, the penalty APR will apply until  you make six consecutive minimum payments when due.

How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing cycle.

We will not charge you interest on purchases if you pay your entire balance by the due date (Grace Period) each month. We begin charging interest on cash advances and balance transfers on the transaction date.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $1.50

For Credit Card Tips form the Consumer Financial Protection Bureau

To learn more about factors to consider when applying for or using a credit card, visit the web site of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore

 

Annual Fee

None

Transaction Fees

Balance Transfer
Cash Advances
Foreign Transaction

 

None
None
None

Penalty Fees

Late Payment
Over-the-Credit-Limit
Returned Payment

 

Up to 5% of payment (Minimum $5; Maximum $35)
None
None

Other Fees

Pay by Phone

 

 

 1) No Charge for automated payments
 2) No Charge if assisted by a live representative

How we will calculate your balance: We use a method called “average daily balance” (including new purchase). * An explanation of this method is provided in your account agreement.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

If you have lost your ATM card or VISA Check Card and are unable to reach us during regular hours, please call 1-800-472-3272.