205 East Hathaway Street
Girard, PA 16417

Policies, Rates and Fees

• Rates
• Rate Explanations
• Fee Schedule
• Privacy Notice Disclosure
• Funds Available

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Except as specifically described, the following disclosures apply to all of the accounts. All accounts described In this Rate and Fee Schedule are share accounts.

1. Rate Information. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compoundlng .for anannual period. For Regular Share Savmings, Christmas Share Savings, Fun/Future share Savings and IRAShare Savings .accounts, the Dividend Rate and Annual Percentage Yield may. change Seml-Annually as determined by the Credit Unions Board of Directors. The Dividend Rates and Annual Percentage Yields are the rates and yields as of the last dividend declaration date which is set forth in the Rate Schedule.

2. Nature of Dividends. Dividends are placed from current Income and available earnings after required transfers to reserves at the end of the dividend period.

3. Dividend Compounding and Crediting. The compounding and crediting of dividends and dividend period applicable to each account are set forth m the Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.

4. Accrual of Dividends. For Regular Share Savings, Christmas Share Savings, Fun/Future Share Savings and IRA Share Savings accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. For Regular Share Savings, Christmas Share Savings, Fun/Future Share Savings and IRA Share Savings accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.

5. Balance Information, The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For Regular Share Savings, Christmas Share Savings, Fun/Future Share Savings and IRA Share Savings accounts, there is a minimum daily balance required to obtain the Annual Percentage Yield for the dividend period. If the minimum daily balance is not met, ydu will not earn the stated Annual Percentage Yield. For all accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.

6. For a Christmas Savings account, the entire balance will be paid to you by check or transferred to another account of yours on or after October 1 and the account will remain open. If you withdraw any of the account balance at any time, we will close your account and pay you the full account balance. You may make transfers or withdrawals in the first seven (7) days after the account is opened without restriction. For IRA Share Savings and Share Draft accounts, no account limitations apply.

revised / approved 12/20/2004

effective 1/1/2005

FUNDS AVAILABILITY

This policy is subject to review and revision by the Board of Directors and may be altered in whole or in part by the Board of Directors following government guidelines.  The Board of Directors and office manager will be responsible for overseeing compliance with NCUA regulations.

The credit union will make funds available on the same day of deposit, with the exception of personal checks.

• The credit union will place a 3 day hold on local personal checks.
• The credit union will place a five day hold on non-local personal checks.

The credit union may also hold funds for up to 5 days under the following circumstances:

• The credit union suffers an emergency, such as a failure of communication or computer equipment, fire, or natural disaster
• The member’s share or share draft account has been overdrawn in the last six months
• The member is re-depositing a check that has previously been returned as unpaid
• The credit union has reason to question a check that the member is depositing.
• A withdrawal amount of $20,000 or greater.

The credit union may hold funds, limiting availability under the following circumstances:

• The member is signed on a delinquent loan with the credit union
• Government order
• Identity can not be verified
• OFAC match

The credit union will notify the member if there is a delay in funds availability, and will inform the member when the funds will be available.

A lobby poster will inform members of the funds availability policy.

Requests which fall outside of the policy guidelines will require Board review, and may not be done without Board approval.

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FEE SCHEDULE:

Savings Account Fees

• .Share Savings Par Value fee: $5.OOper dividend period, if account balance is below $25.00.

Share Draft Account Fees:

• Overdraft fee: .............. None
• NSF Fee: .................... $15.00per item
• Returned Item fee: ..... $15.00per item
• Stop Payment fee: .... $10.00per request
• Draft Copy fee: .......... $ 4.00

Other Service Fees (applicable to all accounts)

• Account Reconciliation fee: .........$15.00per hour.
• Account Research fee: .................$15.00perhour.
• Returned Statement
  Incorrect address fee: ..................$ 2.50.
• Late Payment fee: .........................$ 10.00
• Statement Copy fee: .....................$ 1.00per page
• Deposited Item Return fee: ..........$15.00 per item
• Items Sent
  For Collection fee: ........................ Cost
• Wire Transfer (Outgoing) fee: ......$15.00 domestic, $25.00 foreign
• Western Union Quick Cash fee: ...$15.00
• Legal Process fee: ..........................$25.00 plus any additional legal fees incurred





The rates and fees appearing in this Schedule are accurate and effective for accounts as of the Last Dividend Declaration Date indicated on this Rate and Fee Schedule. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union.


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Privacy Notice Disclosure

Lake Erie Community Federal Credit Union, your member owned financial institution, is committed to providing you with competitive products and services to meet your financial needs and help you reach your goals. We are equally committed to protecting the privacy of our members. Under federal law, we are required to give you this privacy notice. It describes our credit union's privacy policy and practices concerning the personal information we collect and disclose about our members. It also includes information about the parties who receive personal and sometimes nonpublic information from us as we conduct the business of the credit union.

If after reading this notice you have questions, please contact us at:

(814)774-4130 or write to:
• Kris Russin
• Lake Erie Community Federal Credit Union
• 205 Hathaway Street East
• Girard, PA 16417

Information We Collect About You

We collect non public personal information about you from the following sources:
• Information we receive from you on applications and other forms
• Information about your transactions with us
• Information we receive from a consumer reporting agency
• Information obtained when verifying the information you provide on an application or other forms; this may be obtained from your current or past employers, or from other institutions where you conduct financial transactions

We may disclose all of the information we collect, as described above, as permitted by law.

Parties Who Receive Information From Us

We may disclose nonpublic personal information about you to the following types of third parties:

• Financial service providers, such as insurance companies.
• Non-financial companies, such as consumer reporting agencies, data processors, check/share draft printers, and government agencies.

Disclosure of Information to Parties That Provide Services To Us

In order for us to conduct the business of the credit union, we may disclose all of the information we collect, as described above, to other financial institutions with whom we have joint marketing agreements, to other companies that perform marketing services on our behalf, or to nonaffiliated third parties for the purposes of processing and servicing transactions that you request or authorize, so that we may provide members competitive products and services.

We may also disclose nonpublic personal information about you under circumstances as permitted or required by law. These disclosures typically include information to process transactions on your behalf, conduct the operations of our credit union, follow your instructions as you authorize, or protect the security of our financial records.

To protect our members' privacy, we only work with companies that agree to maintain strong confidentiality protections and limit the use of information we provide. We do not permit these companies to sell the information we provide to other third parties.

Disclosure of Information About Former Members

If you terminate your membership with Lake Erie Community Federal Credit Union, we will not share information we have collected about you, except as may be permitted or required by law.

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How We Protect Your Information

We restrict access to nonpublic personal information about you to those employees, board members or committee members who need to know that information to provide products or services to you. We maintain physical, electronic, or procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

What Members Can Do to Help

Lake Erie Community Federal Credit Union is committed to protecting the privacy of its members. Members can help by following these simple guidelines:

• Protect your account numbers, plastic card numbers, PINs (personal identification numbers) or passwords. Never PCNoCkeep your PIN with your card, which can provide free access to your accounts if your card is lost or stolen.
• Use caution when disclosing your account numbers, social security numbers, etc. to other persons. If someone calls Dyou explaining the call is on behalf of the credit union and asks for your account number, you should beware. Official credit union staff will have access to your information and will not need to ask for it.
• Keep your information with us current. If your address or phone number changes, please let us know. It is important that we have current information on how to reach you. If we detect potentially fraudulent or unauthorized activity or use of an account, we will attempt to contact you immediately.



Let us know if you have questions. Please do not hesitate to call us we are here to serve you!

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Copyright © Scott Beam E- mail the Webmaster
Created:October 9, 2003
Revised: