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Disclosures
Note: The following is a condensed summary of
our disclosures.
Contact us for the complete text.
Share Certificates
 | 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 $100,000 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 |
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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. |
Electrical Workers 558 Federal Credit Union
1705 E. 17th Street - P.O. Box 806
Sheffield, AL 35660
(256) 383-6551 Fax: 383-6556
info@ew558fcu.com
1995-2008