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Schedule of Fees

Effective January 1, 2018

 

 

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MEMBERSHIP
Membership Fee $2.00
Minimum Balance Required (Regular Share Savings Account) $50.00
ACCOUNT RESEARCH
Per hour charge $25.00
Minimum charge $5.00
BILL PAYMENT
Service, per month No Charge
Stop Payment, per item $25.00
Return item $25.00
FOREIGN COLLECTION ITEMS (CHECKS)
$65.00 plus courier charges of $15.00*
COPY OF ACCOUNT STATEMENT
Within last 6 months No Charge
Over 6 months - per statement $5.00
DEPOSITED CHECKS RETURNED
Other Party Check Not Issued by Depositor $10.00
Own check $25.00
LEVY/GARNISHMENT $35.00**
ESCHEAT ACCOUNT RECOVERY CHARGE $25.00***

MasterMoney™ DEBIT CARD (Refer to Debit-Card disclosure for more details)

First 10 ATM transactions, per month No Charge
Each additional transaction, per month $1.00
Card Replacement $5.00
Rush Order $30.00
Receipt Copy Request (per item) $5.00
International Transaction Fee 1.10%
COPY OF CHECK
First 3 copies - per year No Charge
Over 3 copies - per year, per copy $2.50
NOTARY SERVICES
Member, per document No Charge
Non-Member, per document $2.00
ONLINE ACCOUNT ACCESS No Charge
PURCHASE OF OFFICIAL CHECK No Charge
SHARE DRAFT (CHECKING) ACCOUNTS
Each insufficient funds item $25.00
Each day overdrawn $15.00
STOP PAYMENT
Stop Payment Request $25.00
REAL ESTATE LOAN FEES
Loan Application Fee $200.00**
Loan Processing Fee $300.00**
Loan Underwriting Fee $250.00**
Interest Rate “Lock-in” Fee 0.125% of Loan Amount
Lock-in Extension Fee $250.00
Subordination Agreement $150.00
Home Equity Application Fee $100.00
LOAN COMMITMENT FEE
Loan Amount  Commitment Fee
$10,000 - $417,000 $500.00
$417,001 - $625,500 $650.00
$625,501 - $1,000,000 $800.00
$1,000,001 - $1,250,000 $1,000.00
$1,250,001 - $2,000,000 $1,500.00
VISA CREDIT CARD (Refer to Credit-Card Agreement for more details)
Annual Fee Classic $12.00
Annual Fee Platinum $19.00
Late Payment $25.00
Returned Check $25.00
Minimum Payment 3.00% or $20.00****
Currency Conversion 1.00%
Cash Advance Fee No Charge
Minimum Cash Advance $25.00
Minimum Finance Charge None
Card Replacement No Charge
Domestic Rush Fee $45.00
International Rush Fee $90.00
WIRE TRANSFER & ELECTRONIC TRANSFERS
Incoming Wire No Charge
Domestic Outgoing Wire $25.00
International Outgoing Wire (US$ or foreign exchange) $35.00
Domestic Wire Recall or Correction $25.00
International Wire Recall or Correction (Charge from Correspondent) $40.00
Domestic e-Transfer (Standard Delivery) No Charge
Domestic e-Transfer (Next day Delivery) $10.00
Domestic e-Transfer ACH Return $20.00
Domestic e-Transfer Stop Payment $25.00
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All fees subject to change without notice. 

Footnotes:
(*)
Foreign checks payable in foreign currency or U.S. Dollars without a U.S. ABA# in MICR line are handled as a collection item by the Domestic or International Collections Dept.  

Foreign checks that are not eligible for provisional credit are handled as Foreign Check Collections. Credit is not provided until we receive the payment from the foreign bank. The Credit Union will mail an acknowledgement notice confirming your deposit has been received.

  • A foreign check collection will take 4-6 weeks on average to complete (varies by country).
  • A minimum check value of 150.00US is required to process a check collection item. This is to avoid processing fees from exceeding the value of the check and resulting in a debit to the depositor.
  • Foreign bank fees vary by country and bank. The higher the check value, the higher the fees could be.
  • If the country and currency of a check do not match (exception noted above), the check must be processed as a collection.

Payment of a collection, less all processing fees will be credited to the depositors account when final payment for the collection item is received.  The depositor will receive a credit notice detailing the exchange rate, fees and total to be credited to their account.   

All fees for foreign items will be deducted from the proceeds of the item, except for our correspondent bank collection fee of $65.00 and courier charges of $15 upon presentation of the check.

(**) This fee is Non-Refundable
(***) This fee is non-refundable and it is charged to recover a member’s account when an account is considered to be abandoned for a period of 3 years and the funds have been sent to the DC Government.
(****) The higher of the two.

 

 
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