The rates and fees contained within this Schedule are accurate as of November 10, 1998. For current information call the Credit Union at (817) 884-1470. This Rate and Fee Schedule for all accounts sets forth certain conditions, rates, fees and charges applicable to your accounts at Tarrant County Employees Credit Union, and is incorporated as part of your Account Agreement with us.

Truth-In-Savings Rate Schedule

Account Dividend Rate Interest Rate Annual Percentage Yield (APY) Minimum Balance Requirements
Primary Share 3.00%   3.04% $25.00 to open
$25.00 to avoid account closure
$300.00 average daily balance to obtain disclosed APY
Secondary Savings 3.00%   3.04% No open fee or minimum balance
$300.00 average daily balance to obtain disclosed APY
Money Market Access 3.05%   3.09% $1,000.00 to open
$1,000.00 to avoid account closure
Christmas Club 2.97%   3.00% $5.00 to open
$100.00 to obtain disclosed APY
Preferred IRA 3.75%   3.82% $100.00 to open
$100.00 to obtain disclosed APY
Checking Account* 2.00%   2.02% $25.00 to open
*$500.00 each day to avoid service charge
*$500.00 average daily balance to obtain disclosed APY
Certificates of Deposit and IRA Certificates of Deposit
3 months   4.07% 4.15% $1,000 to open
$1,000 to avoid account closure
6 months   4.07% 4.15% $1,000 to open
$1,000 to avoid account closure
12 months   4.17% 4.25% $1,000 to open
$1,000 to avoid account closure
18 months   Not Available Not Available $1,000 to open
$1,000 to avoid account closure
24 months   Not Available Not Available $1,000 to open
$1,000 to avoid account closure


*If, during any month your account balance falls below the required minimum daily balance, your account will be subject to a service charge set forth in your Truth-In-Savings Fee Schedule for that month. Service charges on checking account are waived for Diamond Club (ages 55 or older) members.

Loan Rates

Type Term Rate
Signature To 48 months 14.00% *See Specials
Line of Credit Revolving 12.90%
MasterCard or Visa Revolving 12.90%
Savings Secured To 180 months 3.00% above rate of account being pledged as collateral
New Cars To 72 months 8.00% subject to discounts
*See Specials
Used Cars To 48 months 9.00% subject to discounts
*See Specials
Overdraft Protection Revolving 15.00%
Home Improvement To 10 years 9.00%
Real Estate 15 yr Fixed <$150,000

15 yr Fixed Jumbo >$150,000

30yr ARM
2% above 1 yr Treasury		 7.00%

7.50%


6.125%
Home Equity Up to 10 yrs
($10,000 minimum)		 8.50%
New R.V.'s
Used R.V.'s		 Up to 7 yrs
Up to 7 yrs		 8.50%
10.00%
New Mobile Homes Up to 10 yrs
Up to 15 yrs		 9.00%
10.00%
Used Mobile Homes Up to 10 years
Up to 15 years		 9.00%
10.00%
New Boats
Used Boats		 Up to 5 yrs
Up to 5 yrs		 8.50%
10.00%
Equipment Up to 5 yrs 10.00%



Specials


Specials
*Loan Specials: You're in the Driver's Seat with a New and Used Car Loan at 7.5% APR. Offer good September 1,1998 through November 30,1998. (Discount Loan Program Not Available with this special program). 		*Holiday Special: Slide into the New Year with a Holiday Loan for $2500 at 10% APR with 12 months to repay.



Fee Schedule

Primary Share Account Fees

Withdrawals in excess of 4 per month $2.00

Checking Account Fees

•   ATM Balance Inquiries $0.50
ATM Card Replacement 5.00
•   ATM Withdrawals 1.00
MasterMoney™ Monthly Cardholder Fee 1.00
MasterMoney™ Card Replacement Fee 5.00
•  * Cleared Check Inquiries 2.00
Copy of Paid Check (after 1st two) 1.50
     Faxed copy of Paid Check 4.00/page
•   Monthly Service Charge (if balance falls below $500 minimum) 5.00
Transfer to cover Overdraft 2.00
Money Market Access Account Fees
Withdrawals in excess of 4 per month 2.00
Cleared Checks in excess of 3 per month 10.00
Copy of paid check after 1st two 1.50
     Faxed copy of Paid Check 4.00/page
Transfer to Cover Overdraft 2.00
Miscellaneous Fees
•  * Balance Inquiries 1.00
Chargeback fee per returned deposit item 5.00
•   Checks payable to Third Party 2.00
Money Orders .50
Insufficient Funds 18.00
Re-open Christmas Club Account 5.00
Research/Reconciliation 20.00/hour
Statement Copies 2.00/page
Stop Payment Orders 15.00
     Two or more 25.00
•  * Transfers Between Accounts 1.00
Travelers Cheques for Two 1% of purchase
Western Union Wires 14.00
Wire Transfers 5.00


•  No charge for Diamond Club Members
*  No charge if done through Access24
Access24 is an audio response service which is available free of charge. The telephone number for Access24 is (817) 870-9741. A PIN (Personal Identification Number) is required to use this service.

Truth-In-Savings Disclosure
Certificates of Deposit

  1. Definitions.
    1. Annual Percentage Yield (APY). The Annual Percentage Yield is a percentage rate reflecting the total amount of interest paid on an Account, based on the interest rate and the frequency of compounding for a 365 day period.
    2. Interest Rate. The interest rate is the rate paid on an Account, which does not reflect compounding.
  2. Rate Information. The interest rate and annual percentage yield (APY) on these Accounts are set forth on your Truth-In-Savings Rate Schedule on the other side of this disclosure, and are accurate as of the date set forth on the Rate Schedule. Please call the Credit Union at the telephone number set forth on the Rate Schedule to obtain current rate information. When you purchase a Certificate of Deposit, the interest rate is fixed until the first maturity date. The interest rate, annual percentage yield, and maturity date are set forth on your Certificate of Deposit Receipt.
  3. Interest Paid on Certificates.
    1. Compounding and Crediting. Interest will be compounded monthly and will be credited monthly.
    2. Withdrawal of Interest Prior to Maturity. Interest may be withdrawn monthly. The Annual Percentage Yield set forth in the Truth-In-Savings Rate Schedule for your Certificate of Deposit is based on an assumption that interest will remain in the Account until maturity. A withdrawal will reduce earnings.
    3. Balance Computation Method. Interest on your Certificate of Deposit is calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day.
    4. Accrual of Interest. Interest on your Certificate of Deposit will begin to accrue on the business day you deposit cash and non-cash items (such as checks) to your Account.
  4. Additional Disclosures.
    1. Penalties for Early Withdrawal of Principal. We will impose a penalty if you withdraw any of the principal in your Account before the maturity date. The penalty will equal thirty days interest on the amount withdrawn. In addition, the disclosed interest rate will be reduced to a rate 1% below the dividend rate paid on your Primary Share Account at the time your Certificate Account was opened or renewed. This reduced rate will be applied to the amount withdrawn from the date of issuance or renewal to the time of the early withdrawal. If a withdrawal reduces the balance of your Certificate Account below the minimum balance set forth in the Truth-In-Savings Rate Schedule, the penalty set forth above will be assessed and the balance of your Certificate will be transferred to an Account that you designate.
    2. Transaction Limitations. After your Certificate Account is opened, you may not make deposits into the account until the maturity date stated on the Certificate. Certificates of Deposit are non-transferable and non-negotiable except for use as collateral on a loan which you obtain from us.
    3. Renewal Policies. If the term of your Certificate of Deposit Account on those accounts that require a minimum balance of $1,000 is 12 months or less, your Certificate of Deposit will automatically renew at maturity. You will have a grace period of five (5) calendar days after the maturity date to withdraw the funds in the Account without being charged an early withdrawal penalty. If the term of your Certificate of Deposit is greater than 12 months, or your Account requires a minimum balance greater than $1,000, the Account will not renew automatically at maturity. If you do not renew the Certificate of Deposit, funds in the Account will be deposited into an Account that you designate with us upon maturity of the Certificate.
    4. National Credit Union Share Insurance Fund. Member Accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.
  5. In the event that these disclosures vary from the terms and conditions set forth in your Account Agreement, these disclosures will control.