How PFFCU determines deposit rates

Please print PFFCU's current rates and Truth-In-Savings Disclosure and retain for your records.
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Certificate rates are effective as of April 17, 2014, and are subject to change.
Annual Percentage Yields (APYs).

Certificate Yields
$500 Minimum Dividend Rate APY
3 month 0.20% 0.20%
6 month 0.25% 0.25%
9 month 0.30% 0.30%
1 Year 0.40% 0.40%
15 month 0.50% 0.50%
18 month 0.75% 0.75%
2 Year 1.00% 1.00%
30 month 1.25% 1.25%
3 Year 1.49% 1.50%
4 year 1.74% 1.75%
5 Year 1.99% 2.00%
IRA Certificate Yields
$500 Minimum Dividend Rate APY
3 month 0.20% 0.20%
6 month 0.25% 0.25%
9 month 0.30% 0.30%
1 Year 0.40% 0.40%
15 month 0.50% 0.50%
18 month 0.75% 0.75%
2 Year 1.00% 1.00%
30 month 1.25% 1.25%
3 Year 1.49% 1.50%
4 year 1.74% 1.75%
5 Year 1.99% 2.00%

 

TRUTH-IN-SAVINGS DISCLOSURE

SAVINGS ACCOUNTS (INCLUDING VACATION, HOLIDAY AND SECURED VISA)
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

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

Dividend period - For this account type, the dividend period is monthly, 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 January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

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.

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 monthly statement cycle.

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

Transaction limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section.

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

CHECKING ACCOUNT (SHARE DRAFT)
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every day. We will not credit dividends to this account. We will pay dividends to your Savings account every month.

Dividend period - For this account type, the dividend period is monthly, 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 January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

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 monthly statement cycle.

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

Transaction limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section.

MONEY MARKET PLUS ACCOUNT
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

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

Dividend period - For this account type, the dividend period is monthly, 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 January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31. 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 monthly statement cycle.

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

Transaction limitations: 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 telephonic order or instruction, or by check, draft, 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.

IRA ACCOUNTS (INCLUDING EDUCATION SAVINGS ACCOUNT)
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

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

Dividend period - For this account type, the dividend period is monthly, 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 January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

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 monthly statement cycle.

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

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

PREMIUM YIELD ACCOUNT
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

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

Dividend period - For this account type, the dividend period is monthly, 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 January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

Minimum balance requirements: There is a minimum balance requirement of $2,500.00. Balances under $2,500.00 will not accrue dividends.

Daily balance computation method - Dividends are calculated by the daily balance method, which applies a periodic rate to the entire principal balance in the account every day.

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

Transaction limitations: During any month, you are permitted two withdrawals (including transfers) from the account. Any additional withdrawals or transfers will be subject to a fee.

SHARE CERTIFICATES (INCLUDING IRA CERTIFICATES)
Rate Information
The dividend rate on your certificate account is ________% with an annual percentage yield of ________%.

You will be paid this rate until first maturity.

Compounding frequency - Unless otherwise paid, dividends will be compounded every month.

Crediting frequency - Dividends will be credited to your account every month. Alternatively, you may choose to have dividends paid to you or to another account every month rather than credited to this account.

Dividend period - For this account type, the dividend period is monthly.

Minimum balance requirements:
The minimum balance required to open this account is $500.00.
The minimum balance required to open the Jumbo Certificate is $50,000.00.

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 month.

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:
After the account is opened, you may not make additions into the account until the maturity date stated on the account.

Time requirements - Your account will mature__________________________________________________.

Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity)
• If your account has an original maturity of six months or less:
  The penalty we may impose will be the greater of:
    • seven days dividends on the amount withdrawn, or
    • all dividends that have been earned not to exceed 90 days.

• If your account has an original maturity of 9 to 24 months:
   The penalty we may impose will be the greater of:
    • seven days dividends on the amount withdrawn, or
    • all dividends that have been earned not to exceed 180 days.

• If your account has an original maturity of 30 months to 5 years:
   The penalty we may impose will be the greater of:
    • seven days dividends on the amount withdrawn, or
    • all dividends that have been earned not to exceed 360 days.

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.

Withdrawal of dividends prior to maturity - The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.

Automatically renewable account - This account will automatically renew at maturity. You may prevent renewal if you call us at (215) 931-0300 or 800-228-8801, we receive written notice from you before maturity of your intention not to renew or you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any). We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, dividends will not accrue after final maturity.

For Share Certificates, excluding IRA Certificates - You may make partial or full withdrawals of principal from your account before maturity providing the principal balance does not fall below $500.00.

You may withdraw dividends only after they have been credited to your account.

Early withdrawal penalties will be charged and calculated on the amount(s) withdrawn before maturity.

Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account.

There is no grace period following the maturity of this account during which you may withdraw the funds without being charged an early withdrawal penalty.

COMMON FEATURES
Bylaw Requirements:
You must complete payment of one share in your Savings account as a condition of admission to membership.

For ATM deposits, a business day ends at 2:00 P.M. For deposits made at a branch office, a business day ends at 3:00 P.M.

Transaction limitation - We reserve the right to at any time require not less than thirty days notice in writing before each withdrawal from a dividend-bearing account other than a time deposit, or from any other savings account as defined by Regulation D.

Nature of dividends - Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term share account(s).)

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

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

ATM cash withdrawal from Savings and Checking account(s) including ATM transactions on PLUS Network and Co-op: $1.00 for each withdrawal over twelve in a month at ATMs we do not own or operate.

This fee will be applied against your Savings account(s).

Dollar limit: $505.00 per 24 hour period

ATM/PFFCU Check Card replacement card fee: $3.00

Premium Yield Withdrawal/Transfer: $10.00 for each withdrawal/transfer out, over two per month

Check printing: (fee depends on style of check ordered)

Non-sufficient funds (check and ACH withdrawal):  $19.00

The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: check, in-person withdrawal, ATM withdrawal, or other electronic means.

Courtesy Overdraft Fee - Check, ACH, Bill payer (per item): $19.00

Courtesy Overdraft Fee - POS (per item): $5.00

Return check (for loan payment): $10.00

Return check (for deposits): $10.00

For consumer accounts, the first return check deposit, per month, is free.

The annual fee for a dormant account is $20.00.

For purpose of the dormant account fee, all IRA accounts shall constitute separate accounts and may be subject to a separate dormant account fee.

An account is considered dormant if it has been inactive for three years; no transactions, no loans, no certificate purchases or renewals, less than $100.00 in the account, and the account holder is 18 years of age or older. The dormant account fee will be imposed once a year, after the third, fourth and fifth years the account is inactive.

IRA Servicing Fee on dormant accounts - If a PFFCU account is considered dormant, and the balance in the IRA (S6)/ESA account is less than $100.00, an annual fee of $20.00 will be charged to the IRA (S6)/ESA account.

A $75.00 fee, plus any additional processing fees charged by the foreign bank, will be charged for the collection of all checks over $200.00 drawn on financial institutions outside of the United States, its territories and possessions. The fee will be deducted from the proceeds of the check at the time the funds are deposited into your Credit Union account.

Statement / Documentation Copy Fee: $3.00 per statement or document copy if otherwise available through PFFCU's imaging system. If the statement or document is contained in PFFCU archives, an additional retrieval fee of $30.00 for the first archived box of records, and $5.00 for each additional box of archived records, will be charged.

An estimated cost will be provided for all requests and must be paid to the credit union before any documentation will be produced or copied.

Stop payments (all items, including renewals): $10.00

Domestic wire transfer Outgoing: $20.00

Foreign wire transfer Outgoing: $40.00

Please refer to our separate fee schedule for additional information about charges.


YOUR ACCOUNT

These are the accounts you have opened or inquired about. Further details about these accounts are inside this brochure. If the figures are not filled in, please see the insert that is with this disclosure or your periodic statement.

[ ] SAVINGS ACCOUNTS (INCLUDING VACATION, HOLIDAY AND SECURED VISA)
Last declared dividend rate:
As of the last dividend declaration date, the dividend rate was ________% with an annual percentage yield of ________% on your account.

[ ] CHECKING ACCOUNT (SHARE DRAFT)
Last declared dividend rate:
As of the last dividend declaration date, the dividend rate was ________% with an annual percentage yield of ________% on your account.

[ ] MONEY MARKETPLUS ACCOUNT
Last declared dividend rate:
Tier 1 - As of the last dividend declaration date, if your average daily balance was $50,000.00 or more, the dividend rate paid on the entire balance in your account was ________%, with an
annual percentage yield of ________%.

Tier 2 - As of the last dividend declaration date, if your daily balance was $49,999.99 or less, the dividend rate paid on the entire balance in your account was ________%, with an annual percentage yield of ________%.

[ ] IRA ACCOUNTS (INCLUDING EDUCATION SAVINGS ACCOUNT)
Last declared dividend rate:
Tier 1 - As of the last dividend declaration date, if your average daily balance was $50,000.00 or more, the dividend rate paid on the entire balance in your account was ________%, with an
annual percentage yield of ________%.

Tier 2 - As of the last dividend declaration date, if your average daily balance was $49,999.99 or less, the dividend rate paid on the entire balance in your account was ________%, with an annual percentage yield of ________%.

[ ] PREMIUM YIELD ACCOUNT
Last declared dividend rate:
Tier 1 - As of the last dividend declaration date, if your daily balance was $50,000.00 or more, the dividend rate paid on the entire balance in your account was ________%, with an
annual percentage yield of ________%.

Tier 2 - As of the last dividend declaration date, if your daily balance was more than $2,499.99, but less than $50,000.00, the dividend rate paid on the entire balance in your account was ________%, with an annual percentage yield of ________%.

[ ] SHARE CERTIFICATES (INCLUDING IRA CERTIFICATES)
Maturity notice - Your ________________________________ account will mature on ________________________________ , and it will automatically renew unless you prevent it. The new maturity date will be ________________________________.

The dividend rate and annual percentage yield that will apply to your ________________________________ account if it is renewed have not yet been determined. That information will be available on ________________________________. After that date, you may call the credit union during regular business hours at (215) 931-0300 or 800-228-8801 to find out the dividend rate and annual percentage yield that will apply to your account if it is renewed.