Northern Kentucky Educators' Federal Credit Union
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Northern Kentucky Educatos' Federal Credit Union

Privacy Policy

Notice of Privacy Practices for Credit Union Members

To assure the continued privacy and confidentiality of your personal financial information, your credit union oversves these practices and procedures:

Infromation We collect:

We collect non-public infomration about you from some or all of the following sources:

1. Information we receive from you on applications or other forms such as your name, address, social security number, assets and income.

2. Information aobut your transaction with us, balance, payment history, parties to transactions and credit usage; and

3. Information we receive from a consumer-reporting agency, such as credit-worthiness and credit history; and

4. Information you have provided us with.

Information We Disclose:

We may disclose all of the information we collect about our members and former members as described above to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements.  We may also disclose information about you under other circumstances as permitted by law.

Our Security Measures:

Northern Kentucky Educators' federal Credit Union (the Credit Union) restrict access to non-public information about you those employees and volunteers who need to know that infomration to provide products or services or perform required duties under Federal and State regulation to you.  We maintain physical, electronic and procedural safeguards that comply with Federal Regulations to guard your non-public personal information.

The Credit Union will not be responsible for pricacy practice or content at any web site that is linked to our web site.

Under no circumstances will the Credit Union authorize any firm to charge our members account without our members consent; this does not include actual or appointed member ACH transactions that the Credit Union does not have the ability to verify authorization.

Under no circumstances will the Credit Union sell any member information to any telemarketing firm.  Creidt Union Members and the public may receive copies of this notice at 2805 Alexandria Pike, Highland Heights, KY 41076 or by calling the Credit Union at (859) 441-3405.

This notice meets the notification requirements of the National Credit Union Administration Regulation on Privacy of Consumer Information, Part 716.


Northern Kentucky Educators' Federal Credit Union

Truth In Savings Disclosure

For Share Accounts

As of August 15, 2012 the Dividend Rate and Annual Percentage Yield (APY) for the following accounts is:

Share Account Regular Shares Shares Drafts IRA Accounts Christmas Club Vacation Club
Dividend Rate 0.05% 0.00% 0.25% 0.05% 0.05%
Annual % Yield 0.05% 0.00% 0.25% 0.05% 0.05%
Dividends Compounded Quarterly Quarterly Quarterly Quarterly Quarterly
Dividends Credited Quarterly Quarterly Quarterly Quarterly Quarterly
Minimum Opening Balance $5.00 None None None None
Balance Comp. Method Avg. Daily Balance Avg. Daily Balance Avg. Daily Balance Avg. Daily Balance Avg. Daily Balance
Minimum Balance Required to Earn Dividends $5.00 None None None None
Account LImitations 1. Account Transfer Limitations None None 2. Account Transfer Limitation None
Bonus None Applies None None None

1. Rate Information:  The Dividend Rate and Annual Percentage Yield for each account are set forth above.  Dividend Rate and APY for all accounts my change quarterly, as determinded by the Board of Directors.

2. Compounding and Crediting:  Dividends will be compounded and credited as set forth above.  For all Accounts the dividend period is quarterly, for example, the beginning date of the first dividend period of the year is January 1 and the ending date of such dividend period is March 31.

All Dividiend periods follow these patterns of dates.  The dividend declaration date follow the ending date of a dividend period and this, for example is April 1.

3. Minimum Balance Requirements:  The minimum balance required to open each account is set forth above.

4. Balance Computation Method:  Dividends are calculated by the Average Daily Balance Method.  This method applies a daily periodic rate to the average daily balance in the account for the period.  The average daily balance is calulated by adding the principal in the account for each day and dividing that figure by the number of days in the period.

5. Accrual of Dividends:  Dividends begin to accure on the business day you deposit non-cash (checks) to your account.

6. Transaction Limitationsa. The account limitations for each account are set forth above.  For those accounts that it is indicated that transaction limitations apply, no more than six (6) pre-authorized, automatic, 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 made by check, draft or debit card to a third party.  If you exceed these limitations, your accounts may be subject to a fee or be closed.  b. For Christmas Club accounts, other than the annual club withdrawal and except for the first 7 days after the account is open, any withdrawal may cause account to be closed.

7. Nature of Dividends:  Dividends are paid from current income and available earnings after required transfers to reserves at the end of a divident period.

8. Fees and Charges:  The following fees and charges may be assessed against your account:

NSF Return Fee $30.00 per item
Courtesy Pay $30.00 per item
Stop Pay $30.00 per item
Copy of Share Draft $3.00 per draft
Fee for ATM Transaction $1.00 per item over 2 withdrawals per month
Account Reasearch $15.00 per hour
Loan Origination Fee $25.00
Late Fee for Loans $25.00
Late Fee for VISA Credit Cards $25.00
Excessive Share Withdrawal $1.00 per item over 3 withdrawals per month
Check Cashing Fee 1% of total check, if balance in account is under $100
ATM/Debit Card Replacement Fee 1 free per year, then $10 per card replaced
Wire Transfer Fee $15.00 per wire
IRS Levy Processing Fee $25.00
Statement Copies $1.00 per page
Dormant Account Fee $20.00 per year
Fee for Share Draft Printing  Varies by style and quantity

9. Bonuses:  On Share Draft Checking accounts the first 50 share drafts are given at no cost to the member.  Also, if you are age 50 or older, you get all your checks free from the credit union.

10. Par Value of Shares:  The par value of regular shars in this credit union is $5.00.  The dividend period of the credit union is identified in Section 2 "Compounding and Crediting."

Member account is this credit union are federally insured by the National Credit Union Share Insurance Fund.

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