IBEW Local 56 Federal Credit Union was chartered in 1961 - Once A Member ... Always A Member

Fee Schedule

Effective January 1, 2016

SHARE ACCOUNT FEES  
Membership Fee $.25
Share Annual Maintenance Fee
(If minimum $25 balance is not maintained)
$5.00 per year
Share Annual Locating Fee
(If statements returned due to bad address)
$5.00 per year
IRA Share Annual Maintenance Fee $8.00 per year
IRA Share Transfer Fee (to another financial institution) $15.00 per occurrence
Christmas Club Withdrawal Fee
(1 free regular plus 1 free emergency withdrawal permitted per year: Oct 1 - Sept 30)
$2.00 per occurrence
Close New Account Within 90 Days of Opening $5.00
   
SHARE DRAFT ACCOUNT FEES  
Monthly Service Charge
(If minimum balance of $25 not maintained and the average monthly balance is less than $100)
$2.00 per month
Draft Returned for Non-sufficient Funds
(Maximum of 3 per Posting - $60.00)
$20.00 per item
Re-enter Returned Item Fee $5.00 per item
Overdraft Protection Transfer Fee $3.00 per posting
Stop Payment Fee $15.00 per request
Photo Copy of Paid Drafts
(6 at no charge per year)
$3.00 per copy

Photo Copy of Deposit Slips
(3 at no charge per year)

$3.00 per copy

 Non-Member Draft Cashing Fee

 $2.00 per draft
   
ACH FEES  
ACH Returned Item Fee
(Maximum of 3 per Posting - $60.00)
$20.00 per item
Re-enter Returned Item Fee $5.00 per item
Overdraft Protection Transfer Fee $3.00 per posting
   
DEBIT CARD FEES  
Overdraft Fee $20.00 per item
Card Replacement Fee $5.00 per card
ATM Withdrawal Fee
(No charge for first 4 ATM withdrawals per month)
(Please note that you may be charged a surcharge by the ATM owner)
$1.50 per withdrawal
   
OTHER SERVICE FEES  
Account Reconciliation Fee $15.00 per hour
Account Research Fee $15.00 per hour
Photo Copies of Previous Monthly/Quarterly Statements
(No charge for copy of most recent period)
$3.00 per copy
Deposited Item Returned Fee $15.00 per item
Postal Notification of Address Change $3.00 per occurrence
Escheat Fee
(by law, if an account has no activity for three years it is turned over to the state)
$75.00 per account
Incoming Wire Fee $11.00 per wire
Outgoing Domestic Wire Fee $17.00 per wire
Outgoing Foreign Wire Fee $40.00 per wire
Western Union Fee (USA) $20.00 per wire
Money Order Fee $1.00 per item
Money Order Stop Payment Fee $10.00 per item
Purchase CU Money VISA Gift Card $2.50 per card
Purchase CU Money VISA Travel Card $9.95 per card

 

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