Login:

Truth-in-Savings

Effective February 1, 2017.

REGULAR SAVINGS

Rate Information
See Deposit Rates. Your dividend rate and annual percentage yield may change at any time determined by our Board of Directors. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
Minimum Balance requirements
You must deposit $5 to open this account. A minimum daily balance of $50.00 is required in order to earn the stated APY for the dividend period. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield.
Balance Computation Method
We use the daily balance method to calculate dividends on your account. This method applies a daily periodic rate to the collected principal in the account each day.
Compounding and Crediting
The Dividend Period is the period of time at the end of which an account earns dividend credit. Dividends on your account will be compounded monthly and credited to your account monthly. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. If you close your share account before dividends are credited, you will not receive accrued dividends
Accrual of Dividends on Deposits Other than Cash
Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
Transaction Limitations
This account is limited to no more than six (6) preauthorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed.

MONEY MARKET SAVINGS

Rate Information & Minimum Balance Requirements
See Deposit Rates. You must deposit $2000.00 to open this account. If the balance falls below $2000.00 your dividend rate will be the same as our Regular Share Account. See separate Deposit Rate Sheet. A minimum daily balance of $50.00 is required in order to earn the stated APY for the dividend period. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. Your dividend rate and annual percentage yield may change at any time determined by our Board of Directors. The dividends and Annual Percentage yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable divided period. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
Balance Computation Method
We use the daily balance method to calculate dividends on your account. This method applies a daily periodic rate to the collected principal in the account each day.
Compounding and Crediting
The Dividend Period is the period of time at the end of which an account earns dividend credit. Dividends on your account will be compounded monthly and credited to your account monthly. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. If you close your money market account before dividends are credited, you will not receive accrued dividends.
Accrual of Dividends on Deposits Other than Cash
Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
Transaction Limitations
This account is limited to no more than six (6) preauthorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed.

CERTIFICATES

Rate Information
See Deposit Rates. The annual percentage yield assumes dividends remains on deposit until maturity. Any payment of dividends to you prior to maturity will reduce your earnings. Dividends for your account will be compounded monthly. Dividends will be paid/credited monthly. Dividends begin to accrue on the calendar day your deposit noncash item (for example checks).
Minimum Balance Requirements
You must deposit $1000.00 to open this account. You must maintain a minimum balance of $1000.00 in your account every day to obtain the annual percentage yield.
Balance Computation Method
We use the daily balance method to calculate the dividend on your account. This method applies a daily periodic rate to the principal in the account each day.
Transaction Limitations
After the account is opened, you may not make deposits or withdraws from the account until the maturity date.
Early Withdrawal Penalty
If you withdraw any principal before the maturity date, your account will be assessed a penalty that is equal to all dividends that could have been earned during a period equal to one half of the term. If the penalty to be applied exceeds the amount of dividends earned at the time of withdrawal, then the portion of the penalty in excess of the dividend earned shall be deducted from the principal amount in determining the redemption value.
Renewal Policy
The account will automatically renew for the amount then on deposit and for the same term and at the Cincinnati Police Federal Credit Union’s prevailing dividend rate for such type of deposit and term. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty. If you choose to withdraw the funds during the original or any subsequent grace period, no dividend will be paid during the respective grace period.

Y12 CERTIFICATES

Rate Information
See Deposit Rates. Dividends for your account will be compounded monthly. Dividends will be paid/credited monthly to the Primary Savings Account. Dividends begin to accrue on the calendar day your deposit noncash item (for example checks).
Minimum Balance Requirements
You must deposit $250.00 to open this account. You must maintain a minimum balance of $250.00 in your account every day to obtain the annual percentage yield. One account per member with a maximum of $1,000.00. Member must be under the age of 15 years old to qualify.|
Balance Computation Method
We use the daily balance method to calculate the dividend on your account. This method applies a daily periodic rate to the principal in the account each day.
Transaction Limitations
After the account is opened, you may not make deposits or withdraws from the account until the maturity date.
Early Withdrawal Penalty
If you withdraw any principal before the maturity date, your account will be assessed a penalty that is equal to all dividends that could have been earned during a period equal to one half of the term. If the penalty to be applied exceeds the amount of dividends earned at the time of withdrawal, then the portion of the penalty in excess of the dividend earned shall be deducted from the principal amount in determining the redemption value.
Renewal Policy
At Maturity the balance of the account will automatically transfer to the primary share account.

CHECKING

SECURE CHECKING
Rate Information
This is a non-dividend bearing account.
Minimum Balance Requirements
No minimum balance requirements apply to this account. See fee schedule for monthly service charge

FREEDOM CHECKING
Rate Information
This is a non-dividend bearing account.
Minimum Balance Requirements
No minimum balance requirements apply to this account.

BASIC CHECKING
Rate Information
This is a non-dividend bearing account.
Minimum Balance Requirements
No minimum balance requirements apply to this account. See fee schedule for monthly service charge.

HSA CHECKING

Rate Information & Minimum Balance Requirements
See Deposit Rates. The Annual Percentage Yield is a percentage that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. A minimum daily balance of $50.00 is required in order to earn the stated APY for the dividend period. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. Your dividend rate and annual percentage yield may change at any time determined by our Board of Directors. The dividends and Annual Percentage yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable divided period. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
Balance Computation Method
We use the daily balance method to calculate dividends on your account. This method applies a daily periodic rate to the collected principal in the account each day.
Compounding and Crediting
The Dividend Period is the period of time at the end of which an account earns dividend credit. Dividends on your account will be compounded monthly and credited to your account monthly. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. If you close your HSA Checking account before dividends are credited, you will not receive accrued dividends.
Accrual of Dividends on Deposits Other than Cash
Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. .

IRA SHARES

Rate Information
See Deposit Rates. The Annual Percentage Yield is a percentage that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. Your dividend rate and annual percentage yield may change at any time determined by our Board of Directors. The dividends and Annual Percentage yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable divided period. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
Balance Computation Method
We use the daily balance method to calculate dividends on your account. This method applies a periodic rate to the average daily balance in the account for the period.
Compounding and Crediting
The Dividend Period is the period of time at the end of which an account earns dividend credit. Dividends on your account will be compounded monthly and credited to your account monthly. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. If you close your share account before dividends are credited, you will not receive accrued dividends
Accrual of Dividends on Deposits Other than Cash
Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
Transaction Limitations
This account is limited to no more than six (6) preauthorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed.

This information is current as of February 1, 2017 and is subject to change without notice.