Disclosures
Electrical Workers 558
Federal Credit Union
Federal Credit Union
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| Disclosures Note: The following is a condensed summary of our disclosures. Contact us for the complete text. To Receive Disclosures by mail call (256) 383-6551 |
Share Certificates
Loans
Regular Share Account
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify, and record information that identifies each person
who opens an account.
What this means for you: When you open an account, we will ask your name, address, date of birth,
and other information that will allow us to identify you. We may also ask to see your driver's license
or other identifying objects.
Privacy Notice
We collect nonpublic personal information about you from the following sources:
without their permission, to anyone, except as permitted by law.
We restrict access to nonpublic personal information about you to those employees who need to
know that information to provide products or services to you.
We maintain physical, electronic, and procedural safeguards that comply with federal regulations to
guard your nonpublic personal information.
All visitors to our web site are treated as anonymous, we do not collect any individual data.
Email sent to us is not secure and may be intercepted by others, you may not want to send
personal or sensitive information by email.
For questions or concerns about our privacy policy call (256) 383-6551 or email: info@ew558fcu.
com
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify, and record information that identifies each person
who opens an account.
What this means for you: When you open an account, we will ask your name, address, date of birth,
and other information that will allow us to identify you. We may also ask to see your driver’s license
or other identifying objects.
- The stated APY (Annual Percentage Yield) assumes that dividends will be credited to the
Certificate monthly. - A withdrawal will reduce earnings.
- Minimum balance is $500
- Substantial penalty for early withdrawal.
- After the certificate is opened you may NOT make deposits until the maturity date.
- The Certificate will not renew automatically and will not earn dividends after the maturity
date. (Unless the certificate is used to secure a loan.) - If you redeem your certificate before maturity you will not earn any accrued dividends.
- All advertised rates are subject to change without notice!
- To the extent you owe the Credit Union as a borrower the credit union has a lien on all funds
in any account in which you have a ownership interest. - Savings are federally insured to least $250,000 by the National Credit Union Administration,
a U.S. Government Agency - Contact Credit Union Personnel for additional information (256)383-6551
Loans
- (APR) Annual Percentage Rate is subject to change without notice.
- All loans are with approved credit. Click here for a Loan Application.
- Contact Credit Union Personnel for additional information (256)383-6551
- "We may report information about your account to credit bureaus. Late payments, missed
payments, or other defaults on your account may be reflected in your credit report."
Regular Share Account
- The par value of a regular share in this credit union is $25
- The dividend rate shown on the Savings Rate web page is the rate paid for the last quarter.
*The rate for this quarter has not yet been determined. - Dividends are paid from current earnings after required transfers to the Credit Union's
regular reserve account. - If you close your account you will not earn any accrued dividends.
- Contact Credit Union Personnel for additional information (256)383-6551
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify, and record information that identifies each person
who opens an account.
What this means for you: When you open an account, we will ask your name, address, date of birth,
and other information that will allow us to identify you. We may also ask to see your driver's license
or other identifying objects.
Privacy Notice
We collect nonpublic personal information about you from the following sources:
- Information we receive from you on applications or other forms;
- Information about your transactions with us, our affiliates, or others.
- Information we receive from a consumer reporting agency.
without their permission, to anyone, except as permitted by law.
We restrict access to nonpublic personal information about you to those employees who need to
know that information to provide products or services to you.
We maintain physical, electronic, and procedural safeguards that comply with federal regulations to
guard your nonpublic personal information.
All visitors to our web site are treated as anonymous, we do not collect any individual data.
Email sent to us is not secure and may be intercepted by others, you may not want to send
personal or sensitive information by email.
For questions or concerns about our privacy policy call (256) 383-6551 or email: info@ew558fcu.
com
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify, and record information that identifies each person
who opens an account.
What this means for you: When you open an account, we will ask your name, address, date of birth,
and other information that will allow us to identify you. We may also ask to see your driver’s license
or other identifying objects.
