SOLUTIONS FEDERAL CREDIT UNION FEE SCHEDULE
Volume 31
Number 10
December 2012
Standard Credit Union services are generally provided at little or no cost to the members. However, to offset the costs of
certain specialized services, a fee is charged in the following instances.
Minimum balance to open an account is $25.00 if a member is 18 or older. Minimum balance to open an account is $5.00 if
a member is under 18 years of age.
ACCOUNT SERVICES
SHARE DRAFT ACCOUNTS
Copy of a Statement ...................................$5.00 per page
Computer History........................................$2.00 per page
Money Order.............................................................. $1.00
Travelers Checks.....................................$1.00 per $100.00
Travelers Checks Dual............................$1.00 per $100.00
Copy of a Credit Union Check.................................. $5.00
Credit Union Check under $1,000.00....................... $2.00
Stop payment of a draft...................................$20.00 per draft
Copy of a draft................................................................ $2.00
Copy of a draft faxed....................................................... $5.00
Overdraft Non Sufficient Funds.....................$30.00 per draft
ACH Non Sufficient funds ............................ $30.00 per item
Account Reconciliation..................................$30.00 per hour
(free if it is for taxes or made out to the member)
Replace VISA Check Card (unless stolen).............. $10.00
Stop Payment of a Credit Union Check.................. $20.00
Return Mail – up to 12 months...............$2.00 per return
*over 12 months .....................................$5.00 per return
Incoming Wire Transfer............................................... Free
Outgoing Wire Transfer........................................... $25.00
International wire ................................................... $40.00
Letter of Protest....................................................... $30.00
To pull multiple statements....... $10.00 min. $250.00 max.
over 2 years old
Low balance fee (under minimum bal.) ....... $10.00/month
Inactivity fee (no activity 12 months).......... $15.00/quarter
Negative balance due to VISA transaction............ $10.00/
recurring transaction occurrence.
Notary fee ........................................................$2.00 /oath
SHARE ACCOUNTS
Only accounts with balances of $100.00 or more will earn
interest
(This excludes youth accounts under 18 years of age.)
Acct closure fee
.................. $10.00 if closed within 180 days of opening
Acct reopening fee
.................. $10.00 if opened within 180 days of closing
IRA withdrawals
.................. $10.00 after the 12th withdrawal in a year
Providing Financial Solutions
EVERYDAY!
907 BROADWAY, ELMIRA, NEW YORK 14904 • (607) 734-7144
(First time is free)
Manual Transfers (savings acct first 3)...$2.00. transfers 4, 5,
and 6 would be $5.00.
Manual Transfer (different acct or suffix other than savings)...... $5.00
Starter checks, initial page (4) free after that..$2.00/page (4)
Annual Meeting Date
March 19th, 2013
LOANS
Late Fee Consumer Loans over 14 days...................... $15.00
Late Fee Home Equity Loans...................................... $30.00
Skip a payment fee...................................................... $30.00
HAPPY NEW YEAR
Things to Look for
in the Near Future
• New Website •
• New Bill pay with more features •
• New member benefits •
We are partnering with National Income Life Insurance
Company to add additional benefits for you our members.
As of right now each member has an additional $4,000.00
AD&D benefit coverage in place with no additional
costs to you. A notice will be sent soon with additional
details explaining other benefits offered by National Life
Insurance Co.
at the Solutions Federal Credit
Union located at
907 Broadway Elmira, NY
meeting will start at 4:45 p.m.
Look forward to seeing you there!
Hours & Days Closed
Martin Luther Kings Jr. Day – Jan. 21st
Presidents Day – Feb. 18th
website: solutionscu.org
email: [email protected]
audio response line: 735-9716
hours: Monday 8:30 am - 5:00 pm
Tuesday & Wednesday 8:30 am - 4:30 pm
Thursday & Friday 8:30 am - 5:30 pm
Nominations
The nominating committee is recommending
the following directors be reelected to the board
to service an additional three year term.
Nominees are:
Steven Barnstead
Marty Mason
Jim Maher
Any additional nominees need to send their
request and resume to the Solutions Federal
Credit Union, 907 Broadway. Elmira, NY
14904. Attn: Nominating Committee.
To be eligible you must be 18 years old or
older and be a member in good standing. All
these additional nominees need to be received
by the nominating committee no later than
close of business on February 15th, 2013. No
nominations will be accepted after that date.
New products
I-pay
Solutions FCU announces a new, improved online bill pay
program.
With the new upgrade to iPay from Solutions FCU you’ll
experience greater time savings and ease of use, starting
February 11, 2013.
What to expect with the upgrade:
• Your current payment history will not be available within
your upgraded bill payer account, so make note of the
records that are important to you.
• All of your payees and any scheduled payments will not
carry over to the new system.
• More details and a demo will be provided as we near
February, so watch for information.
Contact us at 607-734-7144 with any questions about the
new and improved online bill pay upgrade.
ABA #221381456
FOR YOUR TAX REFUND INFO
LOAN RATES FOR THE MONTH OF JANUARY 2013
(PARTIAL LIST) for full list go to our website
(.25% OFF ALL DIRECT DEPOSIT ACH PAID LOANS) REVERTS BACK IF STOPPED.
(.25% OFF WITH ACTIVE SAVING & CHECKING ACCTS. MIN. 3 TRANS MONTHLY ON EACH)
New Vehicle
(Sticker Price including
Warranty, registration, taxes)
Used Vehicle
(2008-2004) 100% of NADA Book
Term
Loan Rate Term
Loan Rate
(2013 – 2009)
2.75 % to 9.25% 36 to 66 months 3.75% - 10.25%
36 to 60 mos.
(66 mos. If over $10,000.00)
(72 mos. If over $15,000.00) 2008 newer
(84 mos. If over $20,000.00) **84 mos. Rate is 5.50% to 6.75%
**This term for A & B paper only
PERSONAL LOANS
Unsecured Loans $10,000.00 maximum. Secured Loans up to $15,000.00
(Line of Credit or Term)
Loan Rate
Term
7.25% - 13.75%
12 to 48 mos.
Loan Rate
Term
6.25% - 12.75% 12 to 60 mos.
Consolidation Loan
11.25% - 17.75% up to 48 months
Share Secured Loan 2.50% Fixed Rate for 72 months.
Home Equity Loans
Member pays the following Appraisal fee, Mortgage Tax, Recording Fees,
Title Search, and Flood Certification.
Home Equity Loans fixed (Short Term)
Loan Rate
Term
(finance 80% of appraised value)
(finance 60% appraised duplex)
4.25% (fixed)
72 mos.
($85,000.00 maximum loan amount)
4.75% (fixed)
144 mos.
($10,000.00 minimum loan amount)
Rental Property Loan Product
$49,500.00 Maximum Limit, 84 mos., 50% appraised value, 9.75% Member
pays all closing costs.
****RATES SUBJECT TO CHANGE WITHOUT NOTICE****
***THE RATE OFFERED IS DETERMINED BY YOUR CREDIT HISTORY***
President’s Message
Here we are at the start of another year. Yes
another year of hope and heartache, highs and
lows, uncertainty abounds and life seems to
be changing constantly. Never the less let us
remember that Jesus said “In this world you will
have trouble but I have overcome the world”.
John 16:33. I tend to try and look at the glass
half full not half empty. We continue to beat
the odds as the number of small credit unions
continues to dwindle away. Our commitment
to serve has never been stronger and we look
forward to as many years as the lord allows us
to be here for you. May God richly bless you in
2013.
“Is life so dear, or peace so sweet, as to be
purchased at the price of chains and slavery?
Forbid it, Almighty God! I know not what course
others may take but as for me; give me liberty or
give me death.” Patrick Henry
Staff Members
Manager.......................................................................................Tom Wood
Operations Manager............................................................. William Bailey
Member Rep..........................................................................Barbara Harris
Member Rep./Loan Processor..................................................Lori Stickler
Finance Officer......................................................................Jennifer Antes
Member Rep........................................................................... Carol Schroth
Member Rep..............................................................................Sue Stanton
Board Members
President................................................................................ Martin Mason
Treasurer......................................................................................Tom Wood
Secretary..........................................................................Steven Barnstead
Director.....................................................................................John Polcyn
Director..................................................................... Anthony DeGuglielmo
Director....................................................................................... Jim Maher
Director............................................................................... Delores Morgan
Supervisory Committee
Chairman.............................................................................Rodney Strange
Member................................................................................John Eastwood
Member................................................................................... Dennis Wolfe