EFFECTIVE DATE: 11/01/2025

DISCLOSURES AND RATE AND FEES SCHEDULE

Rates are subject to change without notice.

Checking Account

ACCOUNT TYPE	DIVIDEND RATE	ANNUAL PERCENTAGE YIELD (APY)	RATE	DIVIDENDS COMPOUNDED	DIVIDENDS CREDITED	MIN. OPENING DEPOSIT	MIN. BALANCE TO AVOID A SERVICE FEE	MIN. BALANCE TO EARN THE STATED APY	DIVIDEND CALCULATION METHOD
Dividend Bearing	0.050%	0.05%	Variable	Monthly	Monthly	$25.00	$300.00	$0.01	Average Daily Balance
Service Charge Free & Restart Checking	0.00%	0.00%	Not Applicable	Not Applicable	Not Applicable	$25.00	Not Applicable	Not Applicable	Not Applicable
Student Checking	0.00%	0.00%	Not Applicable	Not Applicable	Not Applicable	$5.00	Not Applicable	Not Applicable	Not Applicable

Open a Checking Account

Regular Savings

ACCOUNT TYPE	DIVIDEND RATE	ANNUAL PERCENTAGE YIELD (APY)	RATE	DIVIDENDS COMPOUNDED	DIVIDENDS CREDITED	MIN. OPENING DEPOSIT	MIN. BALANCE TO AVOID A SERVICE FEE	MIN. BALANCE TO EARN THE STATED APY	DIVIDEND CALCULATION METHOD
Regular Savings	0.100%	0.10%	Variable	Quarterly	Quarterly	$5.00	$0.00	$5.00	Average Daily Balance

Open a Savings Account

Miscellaneous Shares

ACCOUNT TYPE	DIVIDEND RATE	ANNUAL PERCENTAGE YIELD (APY)	RATE	DIVIDENDS COMPOUNDED	DIVIDENDS CREDITED	MIN. OPENING DEPOSIT	MIN. BALANCE TO AVOID A SERVICE FEE	MIN. BALANCE TO EARN THE STATED APY	DIVIDEND CALCULATION METHOD
TUTMA	0.100%	0.10%	Variable	Quarterly	Quarterly	$5.00	Not Applicable	Not Applicable	Average Daily Balance
Revocable & Irrevocable Trusts	0.100%	0.10%	Variable	Quarterly	Quarterly	$0.00	Not Applicable	Not Applicable	Average Daily Balance
Second Savings	0.100%	0.10%	Variable	Quarterly	Quarterly	$0.00	$0.00	$5.00	Average Daily Balance
Christmas Club	0.198%	0.20%	Fixed	At Maturity	At Maturity	$0.00	$0.00	$0.01	Average Daily Balance
Traditional IRA	0.400%	0.40%	Variable	Quarterly	Quarterly	$100.00	Not Applicable	$0.01	Average Daily Balance
Roth IRA	0.400%	0.40%	Variable	Quarterly	Quarterly	$100.00	Not Applicable	$0.01	Average Daily Balance

Open a Savings Account

Money Market Accounts

ACCOUNT TYPE	DIVIDEND RATE	ANNUAL PERCENTAGE YIELD (APY)	RATE	DIVIDENDS COMPOUNDED	DIVIDENDS CREDITED	MIN. OPENING DEPOSIT	MIN. BALANCE TO AVOID A SERVICE FEE	MIN. BALANCE TO EARN THE STATED APY	DIVIDEND CALCULATION METHOD
$0 – $2,499.99	0.00%	0.00%	Variable	Monthly	Monthly	$2,500.00	$2,500.00	$2,500.00	Average Daily Balance
$2,500 – $49,999.99	1.20%	1.20%	Variable	Monthly	Monthly	$2,500.00	$2,500.00	$2,500.00	Average Daily Balance
$50,000 – $99,999.99	1.25%	1.25%	Variable	Monthly	Monthly	$2,500.00	$2,500.00	$2,500.00	Average Daily Balance
$100,000 – $249,999.99	1.30%	1.30%	Variable	Monthly	Monthly	$2,500.00	$2,500.00	$2,500.00	Average Daily Balance
$250,000 & Above	1.35%	1.35%	Variable	Monthly	Monthly	$2,500.00	$2,500.00	$2,500.00	Average Daily Balance

Open a Money Market Account

Rate Information. The Annual Percentage Yield (APY) reflects the total amount of interest to be paid on an account based on the dividend rate and Balance Computation Method for an annual period. The dividend rate and APY may change as determined by our Board of Directors. You must provide and maintain minimum opening deposits and/or minimum daily balances in order to earn the APYs listed above.
Compounding and Crediting. The frequency with which dividends will be compounded /credited is set forth above. The “month” begins on the first calendar day of the month and ends on the last calendar day of the month.
Minimum Balance Requirements. The minimum balance requirements for each account are set forth above. Minimum balance requirements may include a minimum opening deposit, the minimum balance you must maintain in the account to avoid service fees, and the minimum balance that you must maintain each day to earn the stated Annual Percentage Yield for that account. Checking accounts opened off-site may be opened with a zero balance. Accounts opened off-site with a zero balance must have a deposit within 30 days of opening the account or it will be closed.
Balance Computation Method. The Average Daily Balance Method 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.
Accrual of Interest. For dividend-bearing accounts, dividends will begin to accrue on the business day that you deposit funds into your account. Any fees incurred will reduce earnings.
Account Limitations. For Christmas Club Accounts, the available balance will be transferred to your savings account on or after November first of each year. Withdrawals prior to maturity will incur a loss of dividends and account closure for the duration of the club year. No partial withdrawals are allowed. For Money Market Accounts, three free withdrawals are allowed per month. There is a $2.00 fee per withdrawal after three withdrawals per month. There is a $5.00 service charge if the balance goes below $2,500.00. Any Christmas Club Account and Second Savings Account will automatically close after 12 months of a zero balance. For TUTMA Accounts, IRS Form W9 may be required. For Revocable and Irrevocable Trusts, proof of trust is required. Exceeding the transfer regulations set forth above in any statement period may cause your account to be subjected to a fee or closed.
Rate Information. For the regular Share Account and Individual Retirement Account, the Rate and Yield may change quarterly. For the Checking and Money Market Accounts, the Rate and Yield may change monthly. Rate and Yield changes are approved by the Board of Directors. You may call 281-391-2149 for current rates, or check our website at www.bvscu.org.
Courtesy Pay. Courtesy Pay. Courtesy Pay may allow members who are in good standing to overdraw their account. To qualify for Courtesy Pay the account must be in “good standing” and open for 60 days. To be in “good standing”, you must (1) not be in default on any loan or other obligation to BVSCU; (2) not subject to any legal or administrative order or levy; (3) bringing your account to a positive balance (for a 24 hour period) within every thirty day period. You will be assessed a Courtesy Pay fee of $25 for items presented over $10, not to exceed 5 Courtesy Pay fees charged per day. Courtesy Pay is a non-contractual privilege and BVSCU may withdraw it at any time. Payment of overdrafts will be at the discretion of BVSCU. Courtesy Pay limits on accounts (excluding Money Market accounts) will be from $300 – $700. Courtesy Pay on Money Market accounts is $1,000. The total of the Courtesy Pay, including any and all fees and charges, and all non-sufficient fees will be included as part of this maximum amount. Courtesy Pay fee applies to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. See Fee Schedule for specific fees on page 4.
NSF Fees: You will be assessed an NSF fee of $25 for items presented over $10, not to exceed 5 fees charged per day.
Mandatory Distribution. Mandatory withdrawal at age 72 without penalty for Traditional IRA Savings Account. Does not apply to Roth IRA Term Share Certificate.
Student Checking. Available to students 12 to 18 years old.

Rate Information. The Annual Percentage Yield (APY) reflects the total amount of interest to be paid on an account based on the dividend rate and Balance Computation Method for an annual period. The dividend rate and APY may change as determined by our Board of Directors. You must provide and maintain minimum opening deposits and/or minimum daily balances in order to earn the APYs listed above.
Compounding and Crediting. The frequency with which dividends will be compounded /credited is set forth above. The “month” begins on the first calendar day of the month and ends on the last calendar day of the month.
Minimum Balance Requirements. The minimum balance requirements for each account are set forth above. Minimum balance requirements may include a minimum opening deposit, the minimum balance you must maintain in the account to avoid service fees, and the minimum balance that you must maintain each day to earn the stated Annual Percentage Yield for that account. Checking accounts opened off-site may be opened with a zero balance. Accounts opened off-site with a zero balance must have a deposit within 30 days of opening the account or it will be closed.
Balance Computation Method. The Average Daily Balance Method 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.
Accrual of Interest. For dividend-bearing accounts, dividends will begin to accrue on the business day that you deposit funds into your account. Any fees incurred will reduce earnings.
Account Limitations. For Christmas Club Accounts, the available balance will be transferred to your savings account on or after November first of each year. Withdrawals prior to maturity will incur a loss of dividends and account closure for the duration of the club year. No partial withdrawals are allowed. For Money Market Accounts, three free withdrawals are allowed per month. There is a $2.00 fee per withdrawal after three withdrawals per month. There is a $5.00 service charge if the balance goes below $2,500.00. Any Christmas Club Account and Second Savings Account will automatically close after 12 months of a zero balance. For TUTMA Accounts, IRS Form W9 may be required. For Revocable and Irrevocable Trusts, proof of trust is required. Exceeding the transfer regulations set forth above in any statement period may cause your account to be subjected to a fee or closed.
Rate Information. For the regular Share Account and Individual Retirement Account, the Rate and Yield may change quarterly. For the Checking and Money Market Accounts, the Rate and Yield may change monthly. Rate and Yield changes are approved by the Board of Directors. You may call 281-391-2149 for current rates, or check our website at www.bvscu.org.
Courtesy Pay. Courtesy Pay. Courtesy Pay may allow members who are in good standing to overdraw their account. To qualify for Courtesy Pay the account must be in “good standing” and open for 60 days. To be in “good standing”, you must (1) not be in default on any loan or other obligation to BVSCU; (2) not subject to any legal or administrative order or levy; (3) bringing your account to a positive balance (for a 24 hour period) within every thirty day period. You will be assessed a Courtesy Pay fee of $25 for items presented over $10, not to exceed 5 Courtesy Pay fees charged per day. Courtesy Pay is a non-contractual privilege and BVSCU may withdraw it at any time. Payment of overdrafts will be at the discretion of BVSCU. Courtesy Pay limits on accounts (excluding Money Market accounts) will be from $300 – $700. Courtesy Pay on Money Market accounts is $1,000. The total of the Courtesy Pay, including any and all fees and charges, and all non-sufficient fees will be included as part of this maximum amount. Courtesy Pay fee applies to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. See Fee Schedule for specific fees on page 4.
NSF Fees: You will be assessed an NSF fee of $25 for items presented over $10, not to exceed 5 fees charged per day.
Mandatory Distribution. Mandatory withdrawal at age 72 without penalty for Traditional IRA Savings Account. Does not apply to Roth IRA Term Share Certificate.
Student Checking. Available to students 12 to 18 years old.

Certificate Account

ACCOUNT TYPE	DIVIDEND RATE	ANNUAL PERCENTAGE YIELD (APY)	RATE	DIVIDENDS COMPOUNDED	DIVIDENDS CREDITED	MIN. OPENING DEPOSIT	ADDITIONAL DEPOSITS	EARLY WITHDRAWAL PENALTY	RENEWALS
3 Months	1.24%	1.25%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
6 Months	3.45%	3.50%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
12 Months	3.80%	3.85%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
24 Months	3.50%	3.55%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.
36 Months	3.50%	3.55%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.
48 Months	3.21%	3.25%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.

Jumbo Certificate Account

ACCOUNT TYPE	DIVIDEND RATE	ANNUAL PERCENTAGE YIELD (APY)	RATE	DIVIDENDS COMPOUNDED	DIVIDENDS CREDITED	MIN. OPENING DEPOSIT	ADDITIONAL DEPOSITS	EARLY WITHDRAWAL PENALTY	RENEWALS
3 Months	1.24%	1.25%	Fixed	Monthly	Monthly	$95,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
6 Months	3.45%	3.50%	Fixed	Monthly	Monthly	$95,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
12 Months	3.78%	3.85%	Fixed	Monthly	Monthly	$95,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
24 Months	3.49%	3.55%	Fixed	Monthly	Monthly	$95,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.
36 Months	3.49%	3.55%	Fixed	Monthly	Monthly	$95,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.
48 Months	3.20%	3.25%	Fixed	Monthly	Monthly	$95,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.

Open a Certificate Account

Rate Information. The Annual Percentage Yield (APY) reflects the total amount of interest to be paid on an account based on the dividend rate and Balance Computation Method for an annual period. The dividend rate and APY may change as determined by our Board of Directors. You must provide and maintain minimum opening deposits and/or minimum daily balances in order to earn the APYs listed above. The rates for renewal shall be those rates in effect at the time of renewal. The APY stated is based on the assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.
Compounding and Crediting. The frequency with which dividends will be compounded /credited is set forth above. The “quarter” begins on the first calendar day of the quarter and ends on the last calendar day of the quarter. During the 10 day grace period, if elected not to renew the term certificate, dividends will be paid when the term share certificate is redeemed.
Minimum Opening Deposit. The minimum balance requirements are set forth above. Minimum balance requirements may include a minimum opening deposit and the minimum balance you must maintain each day to earn the stated Annual Percentage Yield (APY) for that account.
Balance Computation Method. The Average Daily Balance Method 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 Average Daily Balance Method is used to calculate interest on all certificate accounts.
Accrual of Interest. For certificates, dividends will begin to accrue on the business day that you deposit funds into your account. Any fees incurred will reduce earnings.
Maturity. Your account will mature according to the term indicated above, and as indicated on your account summary or statement.
Early Withdrawal Penalties. We will impose a penalty if you withdraw any of the principal in your account before the maturity date. The amount of penalty is disclosed above. The penalty is calculated as a forfeiture of part of the interest that has been or would have been earned on the account, and applies whether or not the interest has been earned. The penalty may be deducted from the principal amount of the deposit. The Annual Percentage Yield for your account is based on an assumption that interest will remain in the account until maturity, and a withdrawal will affect earnings
Renewals. Unless you otherwise instruct us, your certificate account will renew automatically at maturity. You will have a grace period as indicated above after the maturity date to withdraw the funds in the account without being assessed an early withdrawal penalty.
Security for Loans. The certificates above may be pledged against a loan for a reduced rate at BVSCU.

Rate Information. The Annual Percentage Yield (APY) reflects the total amount of interest to be paid on an account based on the dividend rate and Balance Computation Method for an annual period. The dividend rate and APY may change as determined by our Board of Directors. You must provide and maintain minimum opening deposits and/or minimum daily balances in order to earn the APYs listed above. The rates for renewal shall be those rates in effect at the time of renewal. The APY stated is based on the assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.
Compounding and Crediting. The frequency with which dividends will be compounded /credited is set forth above. The “quarter” begins on the first calendar day of the quarter and ends on the last calendar day of the quarter. During the 10 day grace period, if elected not to renew the term certificate, dividends will be paid when the term share certificate is redeemed.
Minimum Opening Deposit. The minimum balance requirements are set forth above. Minimum balance requirements may include a minimum opening deposit and the minimum balance you must maintain each day to earn the stated Annual Percentage Yield (APY) for that account.
Balance Computation Method. The Average Daily Balance Method 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 Average Daily Balance Method is used to calculate interest on all certificate accounts.
Accrual of Interest. For certificates, dividends will begin to accrue on the business day that you deposit funds into your account. Any fees incurred will reduce earnings.
Maturity. Your account will mature according to the term indicated above, and as indicated on your account summary or statement.
Early Withdrawal Penalties. We will impose a penalty if you withdraw any of the principal in your account before the maturity date. The amount of penalty is disclosed above. The penalty is calculated as a forfeiture of part of the interest that has been or would have been earned on the account, and applies whether or not the interest has been earned. The penalty may be deducted from the principal amount of the deposit. The Annual Percentage Yield for your account is based on an assumption that interest will remain in the account until maturity, and a withdrawal will affect earnings
Renewals. Unless you otherwise instruct us, your certificate account will renew automatically at maturity. You will have a grace period as indicated above after the maturity date to withdraw the funds in the account without being assessed an early withdrawal penalty.
Security for Loans. The certificates above may be pledged against a loan for a reduced rate at BVSCU.

IRA Term Certificate (Available as both Traditional and Roth)

ACCOUNT TYPE	DIVIDEND RATE	ANNUAL PERCENTAGE YIELD (APY)	RATE	DIVIDENDS COMPOUNDED	DIVIDENDS CREDITED	MIN. OPENING DEPOSIT	ADDITIONAL DEPOSITS	EARLY WITHDRAWAL PENALTY	RENEWALS
3 Months	1.24%	1.25%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
6 Months	3.45%	3.50%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
12 Months	3.80%	3.85%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
24 Months	3.50%	3.55%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.
36 Months	3.50%	3.55%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.
48 Months	3.21%	3.25%	Fixed	Quarterly	Quarterly	$1,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.

Open a Certificate Account

IRA Jumbo Term Certificates (Available as both Traditional and Roth)

ACCOUNT TYPE	DIVIDEND RATE	ANNUAL PERCENTAGE YIELD (APY)	RATE	DIVIDENDS COMPOUNDED	DIVIDENDS CREDITED	MIN. OPENING DEPOSIT	ADDITIONAL DEPOSITS	EARLY WITHDRAWAL PENALTY	RENEWALS
3 Months	1.24%	1.25%	Fixed	Quarterly	Quarterly	$95,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
6 Months	3.45%	3.50%	Fixed	Quarterly	Quarterly	$95,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
12 Months	3.80%	3.85%	Fixed	Quarterly	Quarterly	$95,000.00	At Maturity	Up to 90 days dividends	Automatic with 10 day grace period.
24 Months	3.50%	3.55%	Fixed	Quarterly	Quarterly	$95,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.
36 Months	3.50%	3.55%	Fixed	Quarterly	Quarterly	$95,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.
48 Months	3.21%	3.25%	Fixed	Quarterly	Quarterly	$95,000.00	At Maturity	Up to 180 days dividends	Automatic with 10 day grace period.

Open a Certificate Account

Rate Information. The Annual Percentage Yield (APY) reflects the total amount of interest to be paid on an account based on the dividend rate and Balance Computation Method for an annual period. The dividend rate and APY may change as determined by our Board of Directors. You must provide and maintain minimum opening deposits and/or minimum daily balances in order to earn the APYs listed above. The rates for renewal shall be those rates in effect at the time of renewal. The APY stated is based on the assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.
Compounding and Crediting. The frequency with which dividends will be compounded/credited is set forth above. The “quarter” begins on the first calendar day of the quarter and ends on the last calendar day of the quarter. During the 10 day grace period, if elected not to renew the term share certificate, dividends will be paid when the term share certificate is redeemed.
Minimum Opening Deposits. The minimum balance requirements are set forth above. Minimum balance requirements may include a minimum opening deposit and the minimum balance you must maintain each day to earn the stated Annual Percentage Yield (APY) for that account.
Balance Computation Method. The Average Daily Balance Method 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 Average Daily Balance Method is used to calculate interest on all IRA certificates.
Accrual of Interest. For IRA certificates, dividends will begin to accrue on the business day that you deposit funds into your account. The Average Daily Balance Method is used to calculate interest on all IRA certificates. Any fees incurred will reduce earnings.
Maturity. Your account will mature according to the term indicated above, and as indicated on your account summary or statement.
Early Withdrawal Penalties. We will impose a penalty if you withdraw any of the principal in your account before the maturity date. The amount of penalty is disclosed above. The penalty is calculated as a forfeiture of part of the interest that has been or would have been earned on the account, and applies whether or not the interest has been earned. The penalty may be deducted from the principal amount of the deposit. The Annual Percentage Yield for your account is based on an assumption that interest will remain in the account until maturity, and a withdrawal will affect earnings. Tax penalties may be assessed by the IRS for early withdrawals of IRA certificates. See your tax advisor for details.
Renewals. Unless you otherwise instruct us, your certificate account will renew automatically at maturity. You will have a grace period as indicated above after the maturity date to withdraw the funds in the account without being assessed an early withdrawal penalty.
Security for Loans. The IRA term certificates above may not be pledged against a loan for a reduced rate at BVSCU.
Mandatory Distribution. Mandatory withdrawal at age 72 without penalty for Traditional IRA Term Share Certificate. Does not apply to Roth IRA Term Share Certificate.

Rate Information. The Annual Percentage Yield (APY) reflects the total amount of interest to be paid on an account based on the dividend rate and Balance Computation Method for an annual period. The dividend rate and APY may change as determined by our Board of Directors. You must provide and maintain minimum opening deposits and/or minimum daily balances in order to earn the APYs listed above. The rates for renewal shall be those rates in effect at the time of renewal. The APY stated is based on the assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.
Compounding and Crediting. The frequency with which dividends will be compounded/credited is set forth above. The “quarter” begins on the first calendar day of the quarter and ends on the last calendar day of the quarter. During the 10 day grace period, if elected not to renew the term share certificate, dividends will be paid when the term share certificate is redeemed.
Minimum Opening Deposits. The minimum balance requirements are set forth above. Minimum balance requirements may include a minimum opening deposit and the minimum balance you must maintain each day to earn the stated Annual Percentage Yield (APY) for that account.
Balance Computation Method. The Average Daily Balance Method 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 Average Daily Balance Method is used to calculate interest on all IRA certificates.
Accrual of Interest. For IRA certificates, dividends will begin to accrue on the business day that you deposit funds into your account. The Average Daily Balance Method is used to calculate interest on all IRA certificates. Any fees incurred will reduce earnings.
Maturity. Your account will mature according to the term indicated above, and as indicated on your account summary or statement.
Early Withdrawal Penalties. We will impose a penalty if you withdraw any of the principal in your account before the maturity date. The amount of penalty is disclosed above. The penalty is calculated as a forfeiture of part of the interest that has been or would have been earned on the account, and applies whether or not the interest has been earned. The penalty may be deducted from the principal amount of the deposit. The Annual Percentage Yield for your account is based on an assumption that interest will remain in the account until maturity, and a withdrawal will affect earnings. Tax penalties may be assessed by the IRS for early withdrawals of IRA certificates. See your tax advisor for details.
Renewals. Unless you otherwise instruct us, your certificate account will renew automatically at maturity. You will have a grace period as indicated above after the maturity date to withdraw the funds in the account without being assessed an early withdrawal penalty.
Security for Loans. The IRA term certificates above may not be pledged against a loan for a reduced rate at BVSCU.
Mandatory Distribution. Mandatory withdrawal at age 72 without penalty for Traditional IRA Term Share Certificate. Does not apply to Roth IRA Term Share Certificate.

FEE SCHEDULE

ACCOUNT FEES

ACCOUNT PRINTOUT FEES

FREE

ACCOUNT RESEARCH / RECONCILIATION FEE

FREE

First hour is free.
$20 per hour after the first hour.
Billable in 30 minute increments

ACCOUNT TRANSFERS

FREE

ATM TRANSACTIONS

FREE

No fee assessed for using non-BVSCU ATMs.
Owner of non-BVSCU ATMs may charge a fee.

AUTOMATIC OVERDRAFT TRANSFER

FREE

CASHIER’S CHECKS

CHECK CASHING

FREE

COLLECTION ITEM

FREE

COPY OF CHECK

FREE

DEBIT CARD*

FREE

DEBIT CARD REPLACEMENT

DIVIDEND BEARING CHECKING

If monthly balance falls below $300

INCOMING WIRE TRANSFER

FREE

*INTERNATIONAL TRANSACTIONS BY DEBIT CARD

UP TO 1.00%

A FEE OF UP TO 1.00% WILL BE CHARGED ON ALL
TRANSACTIONS COMPLETED OUTSIDE OF THE UNITED
STATES, WHERE THE CARDHOLDER’S COUNTRY CODE
DIFFERS FROM THE MERCHANT COUNTRY CODE. ALL
FEES ARE CALCULATED BASED ON TRANSACTION
AMOUNT AFTER IT IS CONVERTED TO U.S. DOLLARS.
THESE FEES ARE CHARGED EXCEPT WHERE EXCLUDED.

IRA CLOSURE

FREE

BVSCU CREDIT CARD AUTOMATIC PAYMENT

FREE

MONEY MARKET CHECKING

If monthly balance falls below $2,500	$5
Withdrawals in excess of 3 per month	$2

MONEY ORDERS

$1.50

NSF/COURTESY PAY (PER PRESENTATION)

$25

Fee applies to items over $10.00, not to exceed 5 fees charged per day, for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means.

RESTART CHECKING (monthly)

$10

RETURNED MAIL

OUTGOING INTERNATIONAL WIRE TRANSFER

$51

OUTGOING WIRE TRANSFER

$20

PER CHECK CHARGES

Per month, the first 3 Money Market Account withdrawals are free. All subsequent withdrawals for the month will incur a $2 per item fee.

STATEMENT COPY

FREE

STOP PAYMENT

$25

TELEPHONE INQUIRIES

FREE

TEMPORARY CHECKS

$1 PER SHEET

THE PAR VALUE OF A SHARE IN THIS CREDIT UNION IS $5.00.

GIFT CARDS

GIFT CARDS (PER CARD)

$2.50

ELECTRONIC FEES

AUDIO RESPONSE UNIT

FREE

e-STATEMENTS

FREE

PAPER STATEMENTS

Members who are 65 and older, or 17 years and younger, will continue receiving FREE paper statements.

ONLINE ACCESS

FREE

ONLINE BILL PAY

FREE

SAFE DEPOSIT BOXES*

Costs are per year.

10 x 10 BOX

$85

5 x 10 BOX

$55

3 x 10 BOX

$35

3 x 5 BOX

$20

DRILLING FEE

$150

RE-KEYING FEE

$30

* NCUA does not insure Safe Deposit contents.

LOAN FEES*

SKIP A PAY

$25 per loan

*Other restrictions apply. See Loan Officer for details.

OTHER FEES

PAYMENT OR TRANSFER CONVENIENCE FEE (DEBIT CARD OR ACH METHOD)

Up to $4.95 per transaction using Orbipay