Term Share Certificate
Extended Member Eligibility
Christmas Club Account
Escrow Account
Fees Charged For Services
Share Draft
Schedule Of Fees
Traveler's Cheques
Money Orders
MasterCard
Return Statements
Loans
PC Carbook Service
Individual Retirement Account
Duplicate Statement Copies
Parking
Privacy Notice

Shares/Savings Account

All Share and Loan Accounts have the benefit of payroll deduction and Direct Deposit. This eliminates the hassle of writing checks and cost of mailing when loan payment is due, plus the benefit of saving before receiving your payroll check.

Minimum Balance

$5.00 to open an account and remain a member of the Credit Union. The Minimum balance can be changed at the discretion of the Board of Directors.

Dividends Paid on the Regular Share Account are declared by the Board of Directors and paid monthly. Minimum to earn dividends is $50.00.

Term Share Certificate

The Credit Union offers Term Share Certificate accounts with a minimum of $500.00.

"Check With Your Credit Union For A Quote on Dividend Rates"

"We Take Pride In Offering Competitive Rates"

The Term Share Certificate rates and types are evaluated each Wednesday after surveying the rates at other financial institutions.

Extended Member Eligibility

Immediate family members of a Credit Union member are eligible for membership of the Credit Union. Immediate family members is defined as a spouse, child, sibling, parent, grandparent, or grandchild. This includes stepparents, stepchildren, stepsiblings, and adoptive relationships.

Christmas Club Account

Can be opened anytime during the calendar year. Christmas Club funds are transferred to your regular Share Account the first week of October each calendar year. The account will remain open and ready to receive payroll deduction beginning on the next payroll after funds are transferred unless member request that the account be closed. If the members withdraws from his/her account there is a charge of $10.00.

Escrow Account

An Escrow Account was established for members with marginal credit or a high debt ratio. The Escrow Account is a protection for the credit union to use for payment on loans should the member get in arrears on his/her loan payments.  (No withdrawals are to be made from the Escrow Account unless it is determined by the Loan Committee to be an emergency). The member is required at the time the loan is approved to place a certain dollar amount per pay day period in a special savings (Escrow) account to be frozen until the loan is paid out.

Fees Charged for Services

A member is charged an excessive withdrawal fee of $2.00 starting with the fifth withdrawal each quarter. The reason for this charge is the "Share/Savings Account" was established as a savings instrument and never intended to be used as a checking account.

Our no charge 24 hour audio response to obtain balances, checks cleared, teller transfers, and rate information, call 389-8989.

Share Draft (Checking Account)

Schedule of Fees

Share Drafts and ATM's

No Monthly Service Charge
Unlimited Check Writing
S.T.A.R.     

Overdraft Protection

• Automatic Transfer to cover overdraft charges per check 
• (a)  From Line of Credit: $5.00
• (b)  From Share Account: $5.00
• NSF Fees: $18.00
• Stop Payment Fees: $10.00
• Photocopy of Check: $1.50

Check Order

Amount of Check Order or Cost of Checks order whichever is greater

Minimum Balance to Open

$25.00 or amount of check order or cost of check order, whichever is greater.

Copy of Share Draft Statements Current History Printout or previous months$5.00

ATM FEE

Application Fee per card issued: $5.00

Monthly Service Charge: None

Overdraft Fee: $18.00

Replacement Fee: $5.00

MasterMoney™ Check Card

Application Fee per card: None

Monthly Service Charge: None

Overdraft Fee:$18.00

Replacement Fee: $5.00

Traveler's Cheques

If any member has $500.00 or more on deposit in his/her Share account at the time of purchasing the Travelers Cheques, there is no charge. Members with less than $500.00 on deposit in savings there is a charge of $.35 (thirty-five cents) per hundred. Traveler's Cheques for two are $1.00 per hundred for all members.

Money Orders

If a member has $500.00 or more on deposit in his/her Share Account at the time of purchasing the Money Order, there is no charge. Members with less than $500.00 on deposit in savings there is a charge of $1.00 (one dollar) per money order.

MasterCard

This MasterCard is owned and approved by Baton Rouge City-Parish Employees' Federal Credit Union. Call Kristi Datz at (225) 389-3059 ext. 208 for more details on our low interest rate, no annual fee credit card.

Return Statements

Any member not reporting an address change and the account is dormant, there is a $10.00 quarterly Administrative Fee.

Loans

The Credit Union has all types of loans - ranging from a Share Secured Loan that is charged 2% (two percent) more than he/she is earning on their Share Account to 18% (eighteen percent) maximum rate charged on high risk loans.

"Check With Loan Department For A Quote on Loan Rates"

PC Carbook Service

This is a service we offer our members as an instrument to negotiate a price when purchasing a new automobile. It gives members the Dealer's Cost and the Manufactures Suggested Retail Price (MSRP). See your loan officer for details.

Individual Retirement Accounts (IRA's)

A member can either purchase an IRA Term Share Certificate with a minimum of $500.00 or deposit into an IRA Share Account. IRA'S are separately insured up to $250,000.00

Duplicate Statement Copies

There is a $5.00 (five dollar) charge for current history printouts or microfiche statements for previous months.

Parking

No charge parking directly across the street from the Credit Union.

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; and

Information we receive from a consumer-reporting agency.

We may disclose all of the information that we collect, as described above.

We may also disclose nonpublic personal information about you to nonaffiliated third parties as permitted by law.

We may disclose all of the information we collect, as described above, to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements.

If you decide to terminate your membership with us or become a inactive member, we will not share information we have collected about you, except as permitted or required by law.

If you prefer that we not disclose nonpublic personal information about you to nonaffiliated third parties, you may opt out of those disclosures, that is, you may direct us not to make those disclosures (other than disclosures permitted by law). If you wish to opt out of disclosures to nonaffiliated third parties, you may:

Call us at (225) 389-3059.

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.

For a more complete list of services, terms, and conditions, please ask for our "Important Account Information For Our Members Brochure."