Truth-In-Savings Account Disclosures

Except as specifically described, the following disclosures apply to all accounts.

Rate Information:

The Annual Percentage Yield reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency on compounding for an annual period. For all accounts, the Dividend Rate and APY may change monthly as determined by E1CU’s Board of Directors.

Nature of Dividends:

Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Dividend Rages and APY are the protective rates and yields that the credit union anticipates paying for the applicable period.

Dividend Compounding and Crediting:

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

Accrual of Dividends:

Dividends will begin to accrue on non cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid.

Balance Information:

The minimum balance requirements are set forth in the Rate Schedule. For share, auxiliary savings accounts, and premier checking accounts, there is a minimum daily balance required to obtain the APY. Dividends are calculated by applying a daily periodic rate to the principle in the account for each day.

Account Limitations:

For share and super saver accounts, no more than 6 pre-authorized, automatic, or telephone transfers may be made from these accounts to another of yours or to a third party in a month, and no more than 3 of these 6 transfers may be made by check, draft, or debit card to a third party. There is no fee for exceeding these limitations. For regular checking, no account limitations apply.


Overdrawn or Returned Item
Stop Payment
Checksafe Clearing Fee
New Account Closure within 180 days
Account Research per hour
Bad Address Fee per mail piece
Cancelled Check Copy
Dormant Account Quarterly Fee
Returned Deposit Item
Overdraft Transfers from savings
Lost/Stolen Visa Card Replacement
Lost/Stolen Visa PIN Replacement
Negative Daily Charge-Regular Checking
Negative Daily Charge-Business Checking
Outgoing Wire Fee


Please call (801) 392-4877 to check current rates on:

  • Savings Accounts
  • Premier Checking Accounts
  • CD's
  • IRA's
  • Loans
  • Mortgages
  • Visa Gold Cards

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