Utah Community Credit Union

Main Savings

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Money Market

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Daily Savings

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Individual Retirement Account

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MoneySmart Money Market

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Youth Savers

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MoneySmart Certificates

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Regular CD's & IRA CD's (Certificates)

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Except where specifically described, the following disclosures apply to all of the accounts:
Rate Information - The dividend rates for all Savings, Checking, IRA, and Savings Certificate accounts are determined at the discretion of the board of directors. Savings, Plus Savings, Money Market Savings, Youth Savers, IRA, and Checking accounts are tiered rate accounts. The dividend rate and annual percentage yield applicable to these accounts depends on the balance ranges set forth herein. Once a balance range is met, the dividend rate and annual percentage yield for that range will apply to the full balance of your account. For Savings, Plus Savings, and Checking accounts, the dividend rate and annual percentage yield may change monthly. For Money Market Savings, IRA, and Youth Savers accounts, the dividend rate and annual percentage yield may change daily. For Savings Certificate accounts, the dividend rate and annual percentage yield are fixed and will be in effect for the term of the account. The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings. The dividend rates and annual percentage yields are accurate as of the date set forth herein.
Nature of Dividends- Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
Compounding and Crediting - Dividends will be compounded monthly and credited monthly. The dividend period is monthly. The dividend period begins on the first calendar day of each month and ends on the last calendar day of the month. The dividend declaration rate is the same as the ending date of the dividend period. If you close your account before dividends are paid, you will not receive the accrued dividends.
Dividend Computation - For Savings, l Plus Savings, l Checking, and Savings Certificate accounts, dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. For the Money Market, IRA, and Youth Savers accounts, dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day.
Accrual of Dividends on Noncash Deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) into your account.
Minimum Balance Requirements - The minimum balance requirements to open an account and to obtain the disclosed annual percentage yield are set forth herein.
Account Limitations - For Money Market and Youth Savers accounts, transaction limitations will apply. No more than six preauthorized, automatic or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three of the six transfers may be made by check, draft, debit card (if applicable), or similar order to a third party. If you exceed these limitations, your accounts may be subject to a fee or be closed. For Savings and Checking, no transaction limitations apply. Bylaw Requirements - You must complete payment of one share into your Savings account as a condition of admission to membership. The par value of a share is $5.00. If at any time your balance falls below the par value of one share and you do not increase the balance to at least the par value of one share within six months of the reduction, you may be terminated from membership.


Savings Certificate

If Certificate funds other than dividends are withdrawn prior to maturity, a PENALTY will be assessed. The forfeiture of dividends is equal to the smaller of the following two amounts: dividends since the date of issuance or renewal, OR 180 days' dividends. But if the amount withdrawn reduces the balance below the minimum balance for this type of Certificate it will be cancelled and the same forfeiture terms will apply. Add-on certificates max is $100,000.00.

The Certificates will be automatically renewed at Maturity at the then prevailing interest rate (unless presented for payment by the register owner(s) within 10 calendar days after maturity date).

In Mailing interest checks or giving any notice, Utah Community Credit Union may regard as correct the addresses shown by its records.

ATM Usage and User Precautions
  • Keep your Personal Identification Number (PIN) a secret
  • Do not lend your ATM card to anyone
  • Be aware of your surroundings and exercise caution when withdrawing funds
  • Never use an ATM with a blank screen and, if the ATM is obscured from view or poorly lit, leave immediately and find another ATM.
  • Protect the information on your card and your Person Identification Number (PIN) by standing between the ATM and anyone who is waiting to use the machine.
  • Do not display your cash; retrieve your card and receipt immediately. Verify the cash when you can safely do so.
  • Safe-keep or securely dispose of your ATM receipts.
  • If your card is retained (swallowed) by the ATM it is advisable to contact your finan cial institution immediately.
  • Immediately report a lost or stolen card.
  • Report any other problems immediately to your financial institution.


Fee Schedule





NCUA Equal Housing Lender