Rates on Shares




Not for Profit ... Not for Charity ... But for Service


At Falls Catholic Credit Union, we offer our members a variety of investment options to help them meet their short- and long-term financial goals. Stop in and see what we can do for you.

Last Dividend Declaration Date: December 31, 2017. Dividends will be declared again June 30, 2018.


Account Type

Minimum Balance to Earn the Stated APY

Dividend Rate


Regular Shares




Money Market Accounts














Share Certificates

Regular (Certificates with balances of $50,000 or higher earn an extra 0.100%)
(Effective 11/25/2015)





3 Month



0.350 %

6 Month




12 Month




24 Month




36 Month




48 Month





1. Rate Information. The APY reflects the dividends paid on an account based on the dividend rate and frequency of compounding for a given period. For Share Accounts (i.e. Regular Share Accounts, Christmas Club Accounts, Vacation Accounts, and other Special Share Accounts) , the Dividend Rate and APY may change semi-annually as determined by Falls Catholic Credit Union's Board of Directors. For Money Market Accounts, the Dividend Rate and APY may change at any time as determined by the Catholic Credit Union. Fees could reduce earnings on the account.

2. Nature of Dividends. Dividends on moneys invested at Falls Catholic Credit Union are paid from current period earnings after required transfers to reserves at the end of the dividend period.

3. Dividend Payment. The Dividends on Share Accounts are paid Semi-Annually June 30 and December 31. Dividends on Share Certificates and IRA's are paid at maturity.

4. Dividend Accrual. For all accounts, dividends will begin to accrue on the business day that funds are deposited. Accrued Dividends will not be paid on Share Accounts that are closed before dividends are paid. There is a 90 day Dividend Penalty on Share Certificates and IRA's that are closed prior to maturity.

5. Balance Information. For Regular Share Accounts, there is a minimum opening balance is $25 that must be maintained to avoid a service fee for the dividend period. The service fee is $6 (six dollars) per quarter. For Share Accounts, there is a minimum average daily balance that must be maintained to obtain the APY for the dividend period. If the minimum balance is not met, you will not earn the stated APY. Dividends on Share Accounts are calculated by applying the Dividend Rate to the Average Daily Balance in the account for the Dividend Period. The Average Daily Balance is determined by dividing the sum of the days' balances in the Dividend Period by the number of days in the Dividend Period.

6. Account Limitations. For a Christmas Club Account, the available balance will be paid to you by check or transfer to another account of yours after November 1 and the account will remain open. If you withdraw any of the account at any time, we reserve the right to close it and pay you your full balance. For Share Accounts, three (3) withdrawals per month are allowed, after which a fee will be imposed -- $1 (One Dollar) per withdrawal for Regular Share Accounts and $5 (Five Dollars) per withdrawal for Money Market Accounts. For Share Draft Accounts, no account limitations apply.


Share Account Fees

Share Account Minimum Balance Fee

$5.00 per month if the minimum balance is not maintained

Share Account Excessive Withdrawal Fee

$2.00 per teller withdrawal after three (3) per month on balances under $1,000.00. Minors (<18) and Seniors (=/> 65) are excluded from this fee.

Dormant account fee after 24 months

$5.00 per month

Account Closure Fee

$10.00 if closed within 1 year


Share Draft Account Fees


NSF/Overdraft Fee

$29.50 per item (1st one free every calendar year)

Negative account over 10 days fee

$2.00 per day

Deposited Item Returned Fee

$15.00 per item

Stop Payment Fee

$20.00 per request

Share Draft Printing Fee

Prices may vary depending on style

Draft Copy Fee

$2.00 per copy

Overdraft protection loan annual fee

$25.00 per PCL (No longer available)

Inactive Checking Account

$5.00 per month (an account is inactive when there is not member generated activity for 90 days and the account balance is below $1,000.00)

Overdrawn Account Charge Off Fee


Share Draft Account Closure Fee

$20 if closed within 90 days.


Other Service Fees (applicable to all accounts)


NSF Overdraft fee for savings accounts

$29.50 per item

Account Reconciliation Fee

$25.00 per hour. One (1) hour minimum

Account Research Fee

$25.00 per hour. One (1) hour minimum

Wire Transfer (incoming) Fee

$20.00 per transfer

Wire Transfer (outgoing) Fee

$20.00 per transfer

Wire Transfer (foreign) Fee

$40.00 per transfer

Official Check Fee

$3.00 per check

Money Order Fee

$3.00 per money order

Telephone Transfer Fee

$2.00 per transaction.

Telephone credit or debit card transfer for loan payment

$5.00 per transaction.

Statement Copy Fee

$2.00 per month

Stop Payment on Money Order or Official Check

$25.00 per check

Legal Processing Fee (attachments, garnishments, tax levies, etc...)

$50.00 per item

Returned mail item fee

$5.00 per item

Redeposit return item fee

$5.00 per item

Remittance of Child Support Check


MyPic Debit Card


Skip-A-Pay Fee


Check Cashing Fee

Non-Members can only cash “On-Us” checks. Check Cashing fee 1% of the amount of the check or $6.00 whichever is higher. The fee for checks under $100.00 will be 6% of the check amount.

1% of the amount of the check or $5.00 – whichever is higher – unless the member:
1) has a $500.00 or more relationship with the Credit Union
2) is a minor (<18) or a senior citizen (=> 65) they are excluded from this fee.
3) Total checks $50.00 or less are excluded


Electronic Funds Transfer Fees


Manual Balance Update in the ATM System Fee


Debit Card Joint Owner or Replacement card fee

$5.00 per card


Credit Union Membership


Par Value of One Share

$5.00 par value

Membership Fee


Money Market Account Fees

Monthly service fee if minimum balance not maintained


Early closing fee (within 90 days)


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