Money Market Account Disclosure Supplement

Delta Community Credit Union
P.O. Box 20541
Atlanta, GA 30320-2541

Effective Date 1/1/22

This Money Market Disclosure Supplement is incorporated into and becomes part of your Member/Savings Services Disclosures and Agreements. The Disclosure Supplement discloses the account rates, current fees and terms on deposit accounts.

Money Market Account Rate Table

Tier Range Prospective Dividend Rate Prospective Annual Percentage Yield
$1,000.00 – 9,999.99 0.130 0.13
Tier Range:
$1,000.00 – 9,999.99
Prospective Dividend Rate:
0.130
Prospective Annual Percentage Yield:
0.13
$10,000.00 – 24,999.99 0.190 0.19
Tier Range:
$10,000.00 – 24,999.99
Prospective Dividend Rate:
0.190
Prospective Annual Percentage Yield:
0.19
$25,000.00 – 49,999.99 0.240 0.24
Tier Range:
$25,000.00 – 49,999.99
Prospective Dividend Rate:
0.240
Prospective Annual Percentage Yield:
0.24
$50,000.00 – 99,999.99 0.270 0.27
Tier Range:
$50,000.00 – 99,999.99
Prospective Dividend Rate:
0.270
Prospective Annual Percentage Yield:
0.27
$100,000.00 > 0.320 0.32
Tier Range:
$100,000.00 >
Prospective Dividend Rate:
0.320
Prospective Annual Percentage Yield:
0.32

Type of Rate: Variable
Minimum Opening Deposit: None
Minimum Balance to Earn Dividends: $1,000.00
Balance Method: Average Daily Balance

Money Market Fee Schedule

Fee Name Fee Amount
Foreign Card Fee
The Foreign Card Fee is assessed for any card transaction in a foreign currency or completed outside of the U.S., including internet transactions initiated in the U.S. with a merchant who processes the transaction in a foreign country.  
1% foreign transaction Foreign Card Fee: 1% foreign transaction
Foreign Check Fee 1.5% of final exchange amount, minimum $20 Foreign Check Fee: 1.5% of final exchange amount, minimum $20
Rush Delivery Fee $15.00 Weekday, $30.00 Saturday Rush Delivery Fee: $15.00 Weekday, $30.00 Saturday
Stop Payment Order $25.00
Domestic Wire transfer $20.00 per transfer out Domestic Wire transfer: $20.00 per transfer out
International Wire Transfer $40.00 per outgoing transfer International Wire Transfer: $40.00 per outgoing transfer

Non-Sufficient Funds (NSF) Fees per calendar year, includes ACHs

Note that you may be charged an NSF fee each time a check or ACH is presented to us, even if it was previously submitted and rejected.

$35.00 per presentment

Non-Sufficient Funds (NSF) Fees per calendar year, includes ACHs: $35.00 per presentment

Note that you may be charged an NSF fee each time a check or ACH is presented to us, even if it was previously submitted and rejected.

Overdraft Transfer Fee from loan or credit card $5.00 for each overdraft transfer from loans and Visa®
Overdraft Transfer Fee from share $3.00 for each overdraft transfer from a share account (including savings or checking)
Official Check Withdrawal $5.00 Official Check Withdrawal: $5.00
Return Deposited/Cashed Item: Return Deposited/Cashed Item:
Local items $15.00 per item Local items: $15.00 per item
Foreign items $20.00 U.S. and Canadian, $40.00 other currency Foreign items: $20.00 US and Canadian, $40.00 other currency
Copy of Past Statement $3.00 per statement Copy of Past Statement: $3.00 per statement
Transaction History $5.00 per request Transaction History: $5.00 per request
Copy of IRS Form $3.00 per form Copy of IRS Form: $3.00 per form
Outgoing Fax $5.00 first 3 pages; $1.00 each additional page Outgoing Fax: $5.00 first 3 pages; $1.00 each additional page
Court Order Processing Fee $50.00 per order or the maximum allowed by law Court Order Processing Fee: $50.00 per order or the maximum allowed by law
Money Order $5.00 per item Money Order: $5.00 per item

 

Account Disclosures

I. Rate Information

Dividend Rate and APY
The prospective dividend rates and annual percentage yields are stated in the Account Rate Schedule.

Variable Rate Accounts
The dividend rate and annual percentage yield may change every dividend period as established from time to time by the Credit Union’s Board of Directors.

Organizational Accounts
Organizational accounts that do not provide an EIN (Employer Identification Number) will not earn dividends.

II. Nature of Dividends

Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period.

III. Compounding and Crediting

Frequency
Dividends will be compounded and credited monthly. The dividend period is monthly; for example, the beginning of the first dividend period of the calendar year is January 1, and the ending date is January 31. All other dividend periods follow the same pattern of dates. The dividend declaration date is the ending date of the dividend period, and for the example is January 31.

IV. Balance Information

Minimum Balance Requirements
Minimum balance requirement for each account are set forth in the Account Rate and Terms Schedule.

Balance Computation Method
Dividends are calculated using the average daily balance method. Under this method, the credit union will pay the stated dividend rate that corresponds to the applicable account tier range on the average daily balance for the period. The average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

When Dividends Begin to Accrue
Dividends begin to accrue on the business day you make a deposit (whether cash or non-cash, such as checks) to your account.

V. Fees

Fees that may be assessed against your accounts are set forth in the Money Market Fee Schedule.

VI. Transaction Limitations

Money Market Account Limitations

The Credit Union reserves the right to require 60 days prior written notice is provided before any withdrawal of funds from the Share account.

Money Market Limitations

The Money Market account is restricted from the Online Bill Pay and Online Deposit products used within Online Banking. The Credit Union issues ATM cards only on Money Market accounts. ATM or Visa Check Cards issued on other deposit accounts cannot be used to access the Money Market.




Federally insured by NCUA.