It is the intent of your board of directors to provide as many financial services as possible fee-free or at minimal cost. Over the years District of Columbia Teachers’ Federal Credit Union has done just that — providing many services free to the entire membership when banks and other profit-oriented financial institutions institutions were assessing charges.
In order to use your credit union to your best advantage, you should be aware of those services that do require additional fees. As you will note, most fees are for unusual use or misuse of accounts, where maintenance costs are excessive. Use your credit union for all your financial needs and you’ll find it a money-saving and rewarding money-making experience!
Effective December 1, 2022| Service | Fee |
|---|---|
| Dormant Share Account (12 months) | $5.00 monthly |
| Regular Share Account less than Par Value ($50) | $2.00 monthly |
| Excessive Withdrawal from Share Savings (over 2 per month) | $5.00 each |
| Account Closing within 6 months of Opening | $10.00 each |
| Reinstatement of Closed Share/Share Draft Account | $10.00 each |
| Deposited Checks Returned | $33.00 each |
| Statement Reconciliation/Account Research Fee (assistance per hour) | $25.00 per hour |
| Undeliverable/Returned Mail | $5.00 monthly |
| Member Privilege | $33.00 per item |
| Transfer of Funds Request Automatic (Regular Shares) Manual | $1.00 $3.00 |
| Duplicate Auto Title /Lien Release | $10.00 |
| Duplicate Title Release (Home Equity) | $25.00 |
| Subordination Agreement (Home Equity) | $75.00 |
| Loan/Mortgage Verification 2 Days Within 24 Hours | $10.00 each $20.00 each |
| Skip A Payment Fee | $25.00 each |
| Line of Credit Annual Fee | $15.00 |
| Home Equity Line of Credit Annual Fee | $25.00 |
| Home Equity Loan/Line of Credit Payoff to Other Institution | $20.00 each |
| Loan Late Fee | $30.00 after 15 days |
| Home Equity Loan Late Fee | $60.00 after 15 days |
| Home Equity Application Fee | $75.00 |
| Garnishments, Levies, Liens Processing | $75.00 per item |
| Copies of Credit Union Checks | $3.00 |
| Copies of Share Drafts | $2.00 |
| Cashier’s Checks | $5.00 |
| Christmas Club Closing Balance (if less than $100.00 at maturity) | $5.00 |
| Christmas Club Withdrawals (prior to maturity) | $5.00 |
| Premature Withdrawals from IRA Accounts (prior to age 59 1/2) | $10.00 each |
| Cut off Statements (Copies per month of coverage) | $2.00 |
| Mailed Paper Statements | $2.00 |
| Undeliverable/Returned Mail | $5.00 per month |
| Check Holds | See Reg. CC Schedule for check hold policies |
| Stop Payments/Member Checks | $20.00 each |
| Stop Payment on Credit Union Checks | $25.00 each |
| Checks Presented for Special Collection | $25.00 each |
| Withdrawal From Share Draft Accounts by Credit Union Check | $2.00 |
| Money Market Withdrawal (over 2 per month) | $10.00 |
| Online Banking Bill Payer | $6.00/month |
| ATM Replacement Card | $10.00 |
| ATM Card Replacement PIN | $5.00 each |
| ATM Reactivation Fee | $5.00 each |
| ATM Transactions (Foreign) | $1.00 per transaction |
| ATM Foreign Balance Inquires | $.75 per transaction |
| ACH (Returns/Share Draft Returns) | $33.00 |
| Wire Transfers Domestic Foreign | $20.00 $50.00 |
| Notary Services Member Non-Member | $5.00 each $5.00 each |
| Escheatable Accounts | $50.00 each |
| Express Mail | Carrier fee plus $3.00 |
| Establish Back-up Withholding | $10.00 |
| Signature Guarantee (Medallion Stamp) | $3.00 |