Dormant Account Fee - Capstone Federal Credit Union

qtr
2 2011
Capstone federal credit union quarterly membership newsletter & guide to financial services
Dormant Account Fee
Maintain your share account
at Capstone FCU
At Capstone FCU, your money is safe and available
for use as cash or collateral for a loan, so remember
to make regular deposits and maintain your
personal information to keep your share account active. Effective May 31, 2011, dormant accounts with
no activity will now be charged a monthly $10.00
dormant account fee. And remember, accounts with
no activity for three years are classified by the State
of California as “abandoned property,” and credit
unions are obligated to turn these funds over to
the State.
Spring Clean Your Financial
House
Spring is a great time to get your finances in order.
A few simple changes can put more dollars in your
pocket. Create a budget for your household to give yourself some spending guidelines as you continue the year,
planning for summer trips and the return to school in
the fall. Start an automatic savings plan, so you don’t
end the year having spent everything you made.
Consider refinancing your auto loans; CFCU has great
rates that will free up more of your take-home pay and
give you more money to spend on yourself and save
for the future. Read the fine print on your credit cards,
and make sure you’re not carrying too much debt at too
high an interest rate. Review your insurance policies and
needs. Adjust your investment and retirement portfolio;
this may be the time to change some investments to a
lower risk category or free up some cash. Consider
seeking out a financial professional.
President’s Message
I mentioned in our last newsletter that 2011 would not be a stroll in the park. As I reviewed our
recently released 2010 Annual Report, I found myself shaking my head in amazement at how
difficult 2010 was and realizing that 2011 is going to be just as much of a beast.
However, because we finished 2010 in excellent financial health, we will be able to plunge ahead
and meet the challenges waiting for us. Your Board of Directors, Committee Members, and the
Capstone staff are working diligently to make and implement the right decisions to make us
successful in the long term.
Our members are our greatest assets. You have kept us going for 57 years, and I look forward to
many more. Your financial well-being is our highest priority.
Armando Vega, President
We have plenty of money to lend and the best rates around. Look to your credit union if you are buying a new or used car or
if you simply want to refinance to a lower rate. We appreciate your faith in us, and in return, we offer you first-rate customer
service, great rates, and exciting new financial opportunities.
Capstone will always be a secure place for your savings. We are with you all the way. After all, we are truly “built from a strong foundation.”
LOCATION
New Fee Schedule
Capstone FCU has a new fee schedule that will take effect May 31, 2011;
see the table below for more details.
Capstone Federal Credit Union Fee Schedule
ACH
Debits reversed/returned due to insufficient funds
Debit (MasterMoney) Card
Replacement Card (each)
PIN Re-order
Overdraft Charge
Lost Card Processing Fee
Express Card Fee
Credit Cards
Annual Fee
(1% of amount advanced; minimum of $1)
Late Fee
Lost Card Processing Fee
Express Card Fee
Replacement Card (each)
Over-the-limit Fee
Skip Payment Fee
Share Account
Regular:
Membership Fee (each primary account)
Returned mail with no return address
IRS, EDD, etc. Garnishments, Levies, Liens
Checking Account
Transfer from other share account(s) to cover overdraft Copy of share draft (check)
Temporary Checks (pack of 10)
Stop payment order of share draft (check)
Share draft (check) returned
Share draft (check) returned and paid
Share draft (checking) account balancing (per hour)
Account Research (per hour)
Collection Item
Collection Item-Foreign Item
Deposit charge back per item
Other Services/Fees
Direct Pay-Bill Payment Monthly Fee Dormant Account/Inactivity Fee (monthly fee)
Wire Transfer-Domestic
Wire Transfer-International
Wire Transfer-Incoming
Next Day Delivery (FedEx)
Collection Item Fee - Merchant
Verification of Deposit (VODs) letters from other institutions
Beneficiary Demand
Beneficiary Demand Update
Loan Modification Fee (no advance requirement)
Lien Satisfied
Notary
CFCU Document (per signature)
CFCU Member (per signature per item)
Record Retrieval
Microfiche copy of statement (per statement)
Money Orders
$0.01 to $1,000.00 maximum each
Cashiers Checks
For cash or from funds on deposit with CFCU
Travelers Cheques
Fee based on amount purchased
Gift Cheques (each)
Three Polaris Way, Suite 31B
Aliso Viejo, CA 92698
WEB ADDRESS
www.capstonefcu.coop
30.00
10.00
5.00
30.00
20.00
25.00
N/C
10.00
25.00
20.00
25.00
10.00
25.00
30.00
5.00
10.00
35.00
5.00
5.00
5.00
25.00
30.00
30.00
50.00
50.00
30.00
30.00
25.00
N/C
10.00
25.00
45.00
5.00
25.00
30.00
10.00
35.00
25.00
35.00
5.00
N/C
10.00
5.00
5.00
10.00
PHONE NUMBERS
Local:
(949) 716-5746
Toll-Free: (800) 854-7125
Fax:
(949) 349-2990
ONLINE 24
(800) 854-7125, option 1
LOAN CENTER
(800) 854-7125, option 2
MORTGAGE CENTER
(800) 854-7125, option 7
THE CO-OP
(888) SITECOOP
(888) 748-3266
THE CO-OP WEBSITE
www.co-opnetwork.org
OFFICE HOURS
M, T, Th, F
8 a.m. - 4 p.m.
W
9 a.m. - 4 p.m.
For Current Rates, visit us online
at: www.capstonefcu.coop
To report a lost or stolen Visa
credit card, call: (800) 543-5073
To report a lost or stolen
MasterMoney Debit Card, call:
(800) 453-4270
In the event of a disaster, call
(800) 854-7125 for information
regarding your CFCU account
1%
3.00
MARK YOUR CALENDAR
Our offices will be closed in observation of the following holidays:
Monday, May 30, 2011—Memorial Day
Monday, July 4, 2011—Independence Day
Serving Our Members Since 1953