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A QUARTERS WORTH
OF NEWS FROM YOUR CREDIT UNION
520 First Street * 509-235-6533 * 888-901-2338 * 888-371-0017
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2nd Quarter 2010
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Loan Rates are SIZZLING HOT this summer!
New and Used Vehicles as low as …..3.99% apr
Recreational Equipment as low as ….4.99% apr
All loans subject to credit/collateral approval. apr = Annual Percentage Rate
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ON YOUR MARK…GET SET…GO!!!
The Happy Hoofers Fun Run is Saturday, July 10th at 8:00 a.m. All proceeds go to the Children’s Miracle Network. Call for details TODAY!!
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DIVIDEND NEWS:
Your Board of Directors has declared
2nd Quarter Dividends as follows:
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Regular Share Savings
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0.50%
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0.50% apy
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Your Cheney FCU Visa Credit Card should be the
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Share Draft Checking
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0.20%
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0.20% apy
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first thing you pack when heading out on your
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Share IRA
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1.98%
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2.00% apy
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summer vacation.
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Contact a Member Service Representative for Contact the Loan Department for details about our
current rates on Super Saver Money Market low interest rate, no annual fee card.
and Share Certificate Accounts.
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Holiday Closures:
Independence Day Observed…..July 5th
Labor Day………………..September 6th
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Have you tried out our new Telephone Teller? It’s easy to get balances, transfer funds, inquire about rates, and more. Ask any Member Service Representative for details.
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Overdraft Policy update:
New regulations regarding overdrafts have recently gone in to effect. Because of this, we would like to inform all members of our overdraft policy. We will normally pay overdrafts under the following circumstances:
· Overdrafts up to $100 may be paid if the account is over 6 months old (up to $20 if less than 6 months)
· Overdrafts up to $250 may be paid if the member will have a direct deposit into the account within 3 business days
· Or if the member brings in a deposit to cover the deficient balance prior to our 10:15 cut-off time
The current fee for non-sufficient funds checks (overdrafts) is $18 per check. This fee will be charged regardless of whether the check is paid or returned.
The above criteria assumes members to be in good standing. Members who have a history of abusing their Cheney FCU accounts or who are delinquent on loans with the credit union will not receive the above privileges.
Cheney FCU does not offer a “courtesy pay” program allowing overdrafts via debit card or ATM. However, from time to time our host system may be “offline”. During those times an account may become overdrawn by debit card transaction or ATM withdrawal. We do not charge an overdraft fee in those circumstances.
In all cases overdrawn accounts must be brought to a positive balance within 45 days or the account will be closed and submitted for collection.
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Where others have their Branches…
…We have our Roots
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