Share Account Disclosure

Effective May 1, 2012, the dividend rate for member share accounts will be tiered from 0.10% - 0.35%.

Compounding

Dividends are compounded daily and credited monthly.

When dividends begin to accrue

Dividends begin to accrue on the business day you make your deposit

How dividends are calculated

Dividends are calculated using the Average Daily Balance Calculation. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

Opening a Merchant Account

To open a merchant account you will need one of our business checking accounts along with ID and voided check. See our merchant services provider for more information.

Nature of dividends

Dividends are paid from current income and available earnings, after required transfer to reserve.

Fees

The Credit Union charges $32.00 when we have to Stop Payment on a check.  The $32.00 is debited from your account.
Loan Application fee - $25.00
Loan late payment fee - $30.00 for loans delinquent after 30 days.

 

Disclaimer

Any information that you find, see or download from this website is made available for the general public and as service to BNA Federal Credit Union members. BNA FCU ensures that all information in the website is current, accurate, and useable, however, this information should be interpreted only as a guideline, and is subject to change without notice.

Furthermore, all links to external website or mention of other companies is solely for informational purposes and should not be construed as an endorsement or relationship other than what is plainly stated where such a connection is made.