Schedule of Fees and Charges
Membership
| Type of Charge | Amount |
|---|---|
| Par Value
A par value is required to establish and maintain membership at the credit union. | $5.00 |
Overdraft Services
| Type of Charge | Amount |
|---|---|
| Overdraft Transfer Fee (per each presentment)
Maximum overdraft transfer will be equal to the available shares at the time of the transfer. | $3.00 |
| Overdraft Payment Fee (per each presentment)
Created by checks, electronic transactions, or in-person withdrawals on the available balance. | $28.00 |
Check and Electronic Debit Services
| Type of Charge | Amount |
|---|---|
| Non-Sufficient Funds Fee (per item)
BillPay (online funds transfers) | $25.00 |
| Same Day Payment Fee (per item)
BillPay (online funds transfers) | $9.95 |
| Overnight Payment Fee (per item)
BillPay (online funds transfers) | $14.95 |
| Check Copy Fee (per check)
Applies to paid checks drawn off member’s checking and money market account(s). | $2.00 |
| Check Order Fee
Varies depending on style and customization. Harland Clarke, a Vericast business, is the Credit Union’s Approved Check Printer. Quantities of 150 are available for checking accounts and 40 are available for money market account. | Varies |
| Foreign/Collection Item Deposit Fee*
Applies when a member deposits a foreign/collection item. | $30.00 |
| Transaction Fee (per transaction)
MessagePay | $4.99 |
| ACH Return Fee (per each presentment)
MessagePay | $25.00 |
| Chargeback Fee (per each POS transaction that cannot be completed)
MessagePay | $25.00 |
| Non-Member Check Cashing Fee
Applies when a non-member of ECU visits an ECU branch location to cash an ECU check (share draft or cashier’s check) | $10.00 |
| Non-Sufficient Funds Fee (per each presentment)
Applies when checks drawn off ECU accounts and electronic debits are returned for non-sufficient funds. Not applicable on Pace Checking. | $28.00 |
| Returned Member Check Fee (per item)
Applies when a member deposits a check drawn on the member’s account at another financial institution and it is returned for non-sufficient funds. | $28.00 |
| Stop Payment Order (per item)
Applies to member checks and electronic payment orders. | $28.00 |
| Next Day Outbound Transfer Fee (per item)
TransferNow (online funds transfers) | $3.00 |
Monetary Instruments and Wire Transfers
| Type of Charge | Amount |
|---|---|
| Cashier’s Check Fee (per check)
Minimum purchase amount of $1,000.00. | $5.00 |
| Copy of Paid Cashier’s/Corporate Check Fee (per check copy) | $2.00 |
| Domestic Wire Transfer Fee
Applies to outgoing wire transfers located in the United States. | $30.00 |
| International Wire Transfer Fee
Applies to outgoing wire transfers outside of the United States. ECU does not process incoming international wire transfers. | $50.00 |
| Money Order Purchase Fee
For purchase amounts between $1 and $1000.00. | $3.00 |
| Stop Payment Order Fee** (per item)
Applies to cashier’s and corporate checks. | $28.00 |
| VISA Gift Card Fee | $3.00 |
| VISA Travel Card Fee | $5.00 |
Specific Account-Related Fees
| Type of Charge | Amount |
|---|---|
| Early Account Closure Fee
Applies if savings or money market accounts are closed within 90 days of opening. | $20.00 |
| Money Market: Minimum Balance Fee (per month)
Applies when balance falls below $1500.00. | $12.00 |
ATM Cards and Debit Cards
| Type of Charge | Amount |
|---|---|
| Debit Card Replacement Fee (per debit card) | $10.00 |
| Debit Card International Service Assessment Fee
Applies to international transactions made in person and online/internet through a foreign merchant. The fee applies to merchant location, not member location. | 1% of transaction total |
| Non-ECU ATM Transaction Fee
Transaction fee charged to members using non-Earthmover Credit Union owned ATM's. Fee is waived on the first eight transactions per month for Velocity Members. | $1.00 |
Miscellaneous
| Type of Charge | Amount |
|---|---|
| Account Balancing and Research Fee (per hour)
This fee applies when assisting with balancing an account and/or researching items on account. | $30.00 |
| Bad Address Fee (per month)
Applies when correspondence (monthly/quarterly statements, notices, etc.) are mailed to address on account and returned as undeliverable or bad address. | $10.00 |
| Coin Machine Use Fee
Applies to members that process more than $500.00 per transaction (the 3% is charged on the amount over the $500.00).
Applies to non-members on the total amount processed. | 3% of total amount
10% of total amount |
| Current Month Transaction History Fee
Request for account history before next statement is issued. | $10.00 |
| Escheat/Unclaimed Property Fee
Applies to dormant accounts and stale dated cashier's and corporate checks at 36 months. | $50.00 |
| Certified/Expedited Mailing Fee | $10.00 |
| Non-ECU Card ATM Surcharge Fee (per withdrawal)
Surcharge applies to non-Earthmover Credit Union cards using Earthmover Credit Union-owned ATMs. | $3.00 |
| Inactive/Dormant Account Fee (per month)
Applies if no transactions for 18 months from last transaction, unless balance is more than $200 or the account type is a Minor Account. | $10.00 |
| Payoff Request Fee
Applies to third-party creditors and title companies requesting a loan payoff. | $15.00 |
| Secretary of State Sticker Fee ECU Member | $3.00 |
| Secretary of State Sticker Fee ECU Non-Member | $9.00 |
| Statement Copy Fee (per month/quarter)
Statements are free when released at the beginning of each month/quarter for the preceding month/quarter. Fee applies when requesting additional copies of statements previously provided. | $5.00 |
Paper Statement Fee (per month) Applies to accounts with Pace Checking Accounts that choose to receive paper statements instead of e-statements. Fee applies monthly. Fee is waived for Senior Citizens***. | $2.00 |
| Subpoena/Search Warrant Processing Fee (per hour)
Charged to the law enforcement/government agency requesting the documents and information. | $20.00 |
| Tax Levy/Garnishment Processing Fee (per occurrence)
Charged to the agency requesting the documents and information. | $50.00 |
*The member’s account will be credited for the estimated dollar value of the foreign/collection item at the time of deposit. A hold will be placed on the account for the estimated dollar value of the item until the foreign/collection item clears.
At that time the member’s account will be adjusted to reflect the actual clearing value.
**Stop payment orders for cashier’s and corporate checks are not processed until the 91st calendar day after the issuance date of the cashier’s
or corporate check.
***Senior citizens are defined as 62 years or older.
