Nortwest Community Credit Union

Checking Accounts Rate Schedule and Disclosures

This Rate Schedule sets forth current conditions, and rates, applicable to your Checking Accounts at Northwest Community Credit Union at this time. The Credit Union may offer other rates or amend the rates contained in this Schedule from time to time.  Each account holder agrees to the terms set forth on this Rate Schedule and acknowledges that it is a part of the Membership and Account Agreement.

Current rates for , (Effective Since: 5/1/2009)

ACCOUNT INTEREST RATE ANNUAL PERCENTAGE YIELD
Great Northwest Checking
$0.01 to $999.99
$1,000 to $1,999.99
$2,000 to $4,999.99
$5,000 to $19,999.99
$20,000 to $49,999.99
$50,000 to $99,999.99
$100,000 + 		 
0.000%
0.100%
0.349%
0.827%
1.025%
1.223%
1.421% 		 
0.00%
0.10%
0.35%
0.83%
1.03%
1.23%
1.43%
Northwest Free Checking
$0 to $999.99
$1,000 + 		 
0.000%
0.100% 		 
0.00%
0.10%
Northwest Passage Checking 0.00% 0.00%
Northwest VIP Checking
$0.01 +
 
0.250%
 
0.25%
Northwest First Checking
$0-$999.99
$1000+ 		 
0.000%
0.100% 		 
0.00%
0.10%
Small Business Checking
$0.01 to $999.99
$1,000 to $9,999.99
$10,000 +
0.000%
0.100%
0.250%
0.00%
0.10%
0.25%
Regular Business Checking
$0.01 to $999.99
$1,000 to $1,999.99
$2,000 to $4,999.99
$5,000 to $19,999.99
$20,000 to $49,999.99
$50,000 to $99,999.99
$100,000 + 		 
0.000%
0.100%
0.349%
0.827%
1.025%
1.223%
1.421% 		 
0.00%
0.10%
0.35%
0.83%
1.03%
1.23%
1.43%

Truth-In-Savings Disclosures

Except as specifically described, the following disclosures apply to all of the accounts:

  1. Rate Information.  The Interest Rate and Annual Percentage Yield on your Checking accounts are set forth above.  The Interest Rate and Annual Percentage Yield may change monthly at the discretion of the credit union.  All accounts except Northwest Passage accounts are tiered rate accounts.  The Interest Rate for a particular tier will apply to the entire account balance if the account balance is within the balance range of that tier.  The Interest Rates and Annual Percentage Yields are those in effect as of the date set forth in the Rate Schedule above.
  2. Compounding and Crediting.  For interest-bearing accounts, interest will be compounded and credited monthly.
  3. Accrual of Interest.  Interest will begin to accrue on cash deposits and non-cash deposits (e.g. checks) on the business day you make the deposit to your account.  You will not be paid accrued interest if you close your account.
  4. Balance Information.  The minimum opening balance required for each account is shown in the Schedule of Fees and Charges. The minimum balance required to earn the stated Annual Percentage Yield is shown in the table above.  For interest-bearing accounts, interest is calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day.

The rates appearing in this Schedule are accurate and effective for Checking Accounts as of the Effective Date indicated above.  If you have any questions or require current rate information on your accounts, please call the Credit Union at 800-452-9515.
 
 

Nortwest Community Credit Union

Addendum to Membership and Account Agreement Page 7
Effective 8/25/2008

This is an addendum to the Membership and Account Agreement effective 8/25/2008.

The following are service limitations on ATMs:

Section III Electronic Funds Transfers, paragraph 2 Service Limitations, subparagraph a. Automated Teller Machines (ATMs), subparagraph (1) Withdrawals.

  1. Withdrawals. The maximum amount that you may withdraw from ATMs or American Express Travelers Cheque Dispensers in any one day is $300 with an ATM card or $500 with a Visa debit card or $200 with a Visa Debit card accessing a Northwest First Checking account (if there are sufficient funds in your account) unless we inform you of other limits. Weekends and holidays will be treated as one day. If you enter your PIN number more than three (3) times in one day your card will not be accepted by the ATM on the fourth attempt. You may be charged a fee as set forth on the Fee Schedule. Funds deposited at ATMs will be available for withdrawal immediately in the amount of the deposit or $100 whichever is less. Funds exceeding $100 will be available for withdrawal after one business day from date of deposit, subject to our funds availability policy, the terms of which may change from time to time.

The following are service limitations on Debit card/POS Purchases:

Section III Electronic Funds Transfers, paragraph 2 Service Limitations, subparagraph c. Debit Card/POS Purchases

You may make debit purchases at participating merchants and POS terminals up to the maximum amount set by any participating merchant and below the maximum set by the credit union (if there are sufficient funds in your account).