Term Share Certificate |
Extended Member Eligibility
Christmas Club Account | Escrow Account
Fees Charged For Services | Share Draft | Schedule Of Fees
Traveler's Cheques | Money Orders | Visa Check Card
Return Statements | Loans | Individual Retirement Account
Duplicate Statement Copies | Parking |
All Share and Loan Accounts have the benefit of payroll deduction and Direct Deposit. This eliminates the hassle of writing checks and cost of mailing when loan payment is due, plus the benefit of saving before receiving your payroll check.
$5. to open an account and remain a member of the Credit Union. The Minimum balance can be changed at the discretion of the Board of Directors.
Dividends Paid on the Regular Share Account are declared by the Board of Directors and paid monthly. Minimum to earn dividends is $50.
Term Share Certificate
The Credit Union offers Term Share Certificate accounts with a minimum of $500.
"Check With Your Credit Union For A Quote on Dividend Rates"
"We Take Pride In Offering Competitive Rates"
The Term Share Certificate rates and types are evaluated each Wednesday after surveying the rates at other financial institutions.
Extended Member Eligibility
Immediate family members of a Credit Union member are eligible for membership of the Credit Union. Immediate family members is
defined as a spouse, child, sibling, parent, grandparent, or grandchild.
This includes stepparents, stepchildren, stepsiblings, and adoptive relationships.
Christmas Club Account
Can be opened anytime during the calendar year. Christmas Club funds are transferred to your regular Share Account the first week of
October each calendar year. The account will remain open and ready to receive payroll deduction beginning on the next payroll after funds are transferred unless member request
that the account be closed. If the members withdraws from his/her account there is a charge of $10. (ten dollars).
An Escrow Account was established for members with marginal credit or a high debt ratio. The Escrow Account is a protection
for the credit union to use for payment on loans should the member get in arrears on his/her loan payments. (No withdrawals are to be made from the Escrow Account unless
it is determined by the Loan Committee to be an emergency). The member is required at the time the loan is approved to place a certain dollar amount per pay day period in a special
savings (Escrow) account to be frozen until the loan is paid out.
Fees Charged for Services
A member is charged an excessive withdrawal fee of $2. (two dollars) starting with the fifth withdrawal each quarter. The reason for
this charge is the "Share/Savings Account" was established, as a savings instrument and never intended to be used as a checking account.
Our no charge 24 hour audio response to obtain balances, checks cleared, teller transfers, and rate information, call 389-8989.
Share Draft (Checking Account)
- Schedule of Fees
- Share Drafts and ATM's
No Monthly Service Charge
Unlimited Check Writing
- Overdraft Protection
- Automatic Transfer to cover overdraft charges per check
NSF Fees: $29.
Stop Payment Fees: $10.
Photocopy of Check: $1.50
From Line of Credit: $5.
From Share Account: $5.
Amount of Check Order or Cost of Checks order whichever is greater.
Minimum Balance to Open
- $25. or amount of check order or cost of check order, whichever is greater,
- Copy of Share Draft Statements
- Current History Printout or previous months $5.
Visa Check Card
- Application Fee per card: None
- Monthly Service Charge: None
- Replacement Fee: $5.
If any member has $500. or more on deposit in his/her Share account at the time of purchasing the Travelers Cheques, there is no charge. Members with less than $500. on deposit in savings there is a charge of $.35
(thirty-five cents) per hundred. Traveler's Cheques for two are $1. per hundred for all members.
If a member has $500. or more on deposit in his/her Share Account at the time of purchasing the Money Order, there is no charge. Members with less than $500. on deposit in savings there is a charge of $1. (one dollar) per money order.
This MasterCard is owned and approved by Baton Rouge City-Parish Employees' Federal Credit Union. Call Kristi at (225) 389-3059 ext. 208 for more details on our low interest rate, no annual fee credit card.
Any member not reporting an address change and the account is dormant, there is a $10. quarterly Administrative Fee.
The Credit Union has all types of loans - ranging from a Share Secured Loan that is charged 2% (two percent) more than
he/she is earning on their Share Account to 18% (eighteen percent) maximum rate charged on high risk loans.
"Check with Loan Department for a quote on Loan Rates.
Individual Retirement Accounts (IRA's)
A member can either purchase an IRA Term Share Certificate with a minimum of $500. or deposit into an IRA Share Account. IRA'S are separately insured up to $250,000.
Duplicate Statement Copies
There is a $5. (five dollar) charge for current history printouts or microfiche statements for previous months.
No charge parking directly across the street from the Credit Union.
For a more complete list of services, terms, and conditions, please ask for our "Important Account Information for Our Members Brochure."