Topeka Police Department Credit Union

star 9 AM to 2 PM M-F star 320 South Kansas, Suite 100, Topeka, KS 66603-3619 star (785) 368-9436 star FAX (785) 368-9008 seperator

Topeka Police Credit Union Truth-In-Savings Disclosure Policy

The Topeka Police Credit Union is a member owned financial cooperative that pays interest to members based upon earnings. Interest will be declared by the Board of Directors at the end of the quarter in which interest is to be paid.

Third Quarter – 1/01/2016 thru 3/31/2016 – Dividend rates were paid as follows:

The Dividends to be paid on March 31st, 2016 were determined by the Board of Directors during their monthly meeting in March.

Effective 4/08/2016
    Annual % Rate Annual % Yield
Share/Vacation/ X-Club Accounts:   APR - 0.40% APY - 0.40%
Share Drafts (Checking):   APR - 0.40% APY - 0.40%
I.R.A. Accounts:    APR - 0.70% APY - 0.70%
Effective 4/01/2016
    Annual % Rate Annual % Yield
Share Certificates 3 Month APR - 0.35%  APY - 0.35%
  6 Month APR - 0.45% APY - 0.45%
  12 Month APR - 0.70% APY - 0.70%
Special Share Certificate 6 & 12 Month
$50,000 - $99,999
APR - 1.00% APY - 1.00%
  6 & 12 Month
$100,000+
APR - 1.10%  APY - 1.10%

               

Method Used To Calculate Dividends:  
     
 
  • Share - Day-In-Day out - Compounded Quarterly
  • Share Certificates - Day-in-Day Out - Compounded Quarterly
  • I.R.A. - Day-in-Day Out - Compounded Quarterly
  • X-Club - Paid once a year for period of 11/01 thru 10/31 of the calendar year
 
     
Minimum Opening Balances and On-going Account Balances:  
     
 
  • Share Accounts - $5.00
  • Share Drafts (checking) - $25.00
  • Share Certificates - $500.00
  • Kids Share Certificates (under 18) - $100.00
  • I.R.A. Accounts - No Minimum
  • X-Club Accounts - No Minimum
 
     
Additional Fees:  
     
 
  • Share Accounts - $15.00 service charge for insufficient fund checks
  • I.R.A. Accounts - None
  • X-Club Accounts - None
 
     
Early Withdrawal Penalties:  
 
  • Share Accounts - None
  • Share Certificates – The amount of the early withdrawal penalty for your accounts is ninety (90) days dividends, or if withdrawal is less than ninety (90) days from term starting date, the amount of dividends accrued at that time.
  • I.R.A. Accounts – Only those that are set by Federal Law
  • X-Club Accounts – No interest will be paid if drawn out prior to 11/01 of calendar year.
 
     

 
     

*****CREDIT UNION HOURS*****

09:00 A.M. TO 2:00 P.M.
Monday thru Friday
Closed Holidays

 
     

Board of Directors
March 2016

National Credit Union Administration

Topeka Police Department Credit Union

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