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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.
First Quarter – 04/01/2008 thru 06/30/2008 – Dividend
rates were paid as follows:
The Dividends to be paid on June 30, 2008 were determined by the Board of Directors during their monthly meeting in March.
| Share Accounts: |
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$0.00 - $25,000 |
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APR - 0.65% |
APY - 0.65% |
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$25,001 & Beyond |
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APR - 0.90% |
APY - 0.91% |
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| I.R.A. Accounts: |
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$0.00 - $25,000 |
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APR - 2.36% |
APY - 2.39% |
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$25,001 & Beyond |
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APR - 2.56% |
APY - 2.90% |
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| EFFECTIVE 03/21/2008 |
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Annual % Rate |
Annual % Yield |
| Share Certificates |
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3 Month |
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APR - 2.36% |
APY - 2.39% |
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6 Month |
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APR - 2.56% |
APY - 2.60% |
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12 Month |
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APR - 2.76% |
APY - 2.80% |
| Special Share Certificate |
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6,9,12 Month $30,000 Min. |
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APR - 2.96% |
APY - 3.00% |
| Method Used To Calculate Dividends: |
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- 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
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| Minimum Opening Balances and On-going
Account Balances: |
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- Share Accounts - $5.00
- Share Certificates - $500.00
- I.R.A. Accounts - No Minimum
- X-Club Accounts - No Minimum
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| Additional Fees: |
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- Share Accounts - $15.00 service charge for insufficient
fund checks
- I.R.A. Accounts - None
- X-Club Accounts - None
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| Early Withdrawal Penalties: |
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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. |
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SAVINGS ARE MATCHED WITH LIFE INSURANCE UP TO $3,000.00
DEPENDENT ON THE MEMBERS AGE AT TIME OF DEPOSIT
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*****CREDIT UNION
HOURS*****
09:00 A.M. TO 2:00
P.M.
Monday thru Friday
Closed Holidays
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Board of Directors
June 25, 2008
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9 AM to 2 PM M-F 