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Savings Accounts
Rates & Fees
The rates and fees applicable to your account at Maine Media Federal Credit Union
are provided below. Maine Media Federal Credit Union may offer other rates
for these accounts from time to time.

Account Rates & Terms
Updated May 4, 2010

Dividends Share Certificate TERM
Paid monthly .75% 6 month
Paid monthly 1.00% 1 Year
Paid monthly 1.40% 2 Year
Share Certificate Terms: $1000 minimum, penalty for early withdrawal
 
Dividends SAVINGS CLUB CHECKING
Dividend Rate .25% .25% n/a
Annual Percentage Yield .25% .25% n/a
Dividends Compounded Quarterly Quarterly n/a
Dividends Created Quarterly Quarterly n/a
Dividend Period Quarterly Quarterly n/a

Balance Requirements
Minimum Opening Balance n/a n/a n/a
Minimum Required Balance $25 n/a n/a
Balance Method Average Daily Balance Average Daily Balance n/a

Account Limitations
See section 6 below Minimum balance required to obtain the Annual Percentage Yield for the dividend period. Maximum of 6 automatic transfers to cover overdrafts per month.
TRUTH-IN-SAVINGS DISCLOSURE
Except as specifically described, the following disclosures apply to all of the above accounts.
1. RATE INFORMATION The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compunding for a 365 day period. The Dividend Rate and Annual Percentage Yield may change quarterly as determined by the Credit Union's Board of Directors.
2. NATURE OF DIVIDENDS
Dividends are paid from current income and available earnings after providing for the required reserves. The Dividend Rate and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
3. COMPOUNDING AND CREDITING Dividends will be compounded and credited as set forth above. The Dividend Period for each account is set forth above. The Dividend Period begins on the first calendar day of the Dividend Period and ends on the last calendar day of the Dividend Period.
4. ACCRUAL OF DIVIDENDS Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid.
5. BALANCE INFORMATION The minimum balance required to open each account is set forth above. Dividends are calculated by the Average Daily Balance Method which applies a periodic rate to the average daily balance in the account 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.
6. ACCOUNT LIMITATIONS The account limitations for each account are set forth above.
Fee Schedule
(Effective June 2004)
Checking Electronic Funds Transfer Other Fees
Overdraft $22
Stop Payment $20
Check Copy $2.50
Basic Monthly Service
waived w/$300 minimum balance
$3
Share to Draft
Auto Transfer
6 maximum per month
$4
Statement History
$5/pg.

ATM Withdrawals, Inquiries, Transfers or Denials
4 free/month at SURF network terminal
$1
ATM/Visa Check Card
initial issue
$0
ATM/Visa Check Card
reissue
$10
ATM/Visa Check Card Overdraft $22
Reconciliation
First hour
Each additional hour

$10
$5
Domestic Wire $10
Foreign Wire $25
ACH NSF $22
ACH Transfer $4
Premature Account Closure
within 90 days of opening
$10
Stop Payment of Official Credit Union Check $5

 

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Maine Media Federal Credit Union
295 Gannett Dr. ~ So. Portland, ME 04106
mmfcu@mainemedia.com   207.774.4307
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