Privacy Notices & Account Disclosures

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ICCU Privacy Information

Current Privacy Notice (Mailed to members once yearly)

Isabella Community Credit Union (ICCU) greatly values the privacy of its member-owners and has strict policies and procedures to protect consumer information from being disclosed to unauthorized parties.

For your protection, this web site is a secure site using encryption provided by Verisign. You can feel safe providing your personal information in a secure environment to complete financial transactions quickly and conveniently. If you are interested, more detailed information is available below.

If you choose to provide ICCU with personal information such as application information or e-mail address, ICCU will not provide or sell your personal information to any third party for independent use. We may however, share your information if any of the following applies:

  • The information is required in order to facilitate a transaction or service initiated or requested by you.
  • You make written requestor authorization for the disclosure of information.
  • Law requires the disclosure.
  • ICCU will always strive to maintain the integrity of your personal information, both on the Internet and in our offices, according to our strict security and confidentiality standards and the law.

Protecting Children's Privacy Online
The Children's Online Privacy Protection Act (COPPA) was passed by Congress in October 1998, with a requirement that the Federal Trade Commission (FTC) issue and enforce rules concerning children's online privacy. The primary goal of the Act and the Rule is to place parents in control over what information is collected from their children online. The Rule was designed to be strong, yet flexible, to protect children while recognizing the dynamic nature of the Internet. Click here to read the Frequently Asked Questions about the Children's Online Privacy Protection Rule.

What These Privacy Rules Mean to You
ICCU is committed to protecting the privacy of children (and everyone) who visits its site. You probably noticed that we don't ask you for your name, we don't ask you for your e-mail address, and we don't have a chat room where other people can ask you for personal information.

Security Information
Isabella Community Credit Union (ICCU) is constantly concerned about our member’s critical information and privacy. With this in mind, ICCU has the following security services installed on its Internet server:

  • Each server is behind a Firewall. This UNIX based hardware product blocks critical ports and IP addresses on servers from external attack and access.
  • Each server runs proprietary software that constantly monitors the servers for unauthorized use and attempts to "hack" into information. Administrators are contact when forced attacks are committed, and countermeasures can be applied to stop these instances.
  • All administrative activity requires user login and authentication. All administrative updates are logged into files that can be reviewed later.
  • All servers come with a Global Verisign Certificate (RSA) for digitally encrypted communications between the Web server and your member. Information passed in applications cannot be decrypted by third parties attempting to "pick" information being passed across the Internet backbone.
  • All servers run the latest version of Apache Web Server, considered the strongest and most secure Web server software on the market.

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Truth-in-Savings (T-I-S) Disclosure

The Truth in Savings Act (T-I-S) is a section of the Federal Deposit Insurance Corporation Improvement Act of 1991. The National Credit Union Administration is charged with enforcing the act, which applies to ALL credit unions.

The purpose of T-I-S is to promote and simplify comparisons among accounts at all financial institutions.T-I-S enables consumers to make informed choices/comparisons among competing claims of financial institutions by requiring disclosure of the interest rates payable on these accounts and the fees assessable against these accounts.

It is the intent of Isabella Community Credit Union (ICCU) to maintain compliance with this federal law pertaining to full disclosure regarding the terms and conditions of all savings programs. The following disclosure information illustrates the various savings alternatives available at Isabella Community Credit Union.

The Rate Information and Fees and Charges Schedule sets forth certain conditions, rates, fees and charges applicable to your accounts at the Isabella Community Credit Union as of January 1, 2001.That schedule is inserted as part of this disclosure.

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Inactive Account Fee

Effective July 1, 2011 -- An inactive account fee of $5 (per month) will be assessed after twelve (12) months of inactivity, regardless of the balance in the account.  Minor accounts (children under 18) will be exempt and will not be assessed an inactivity fee.  If an ICCU member has a loan, IRA, CD or other ICCU service, s/he will not be charged an inactive account fee just because the share/savings account is not being used.  

VISA Platinum

Credit Line Account Agreement and Disclosure - Updated 8/10

Annual Percentage Rate (APR) for Purchases 8.90%
Other Annual Percentage Rates (APRs) Balance Transfer APR: 8.90% non variable
Cash Advance APR: 11.50% non variable
Late Payment APR: 15.90% (1)
Grace Period for Repayment of Balances for Purchases 28 Days
Method of Computing the Balances for Purchases Average daily balance (including new purchases)
Annual Fees NONE
Late Payment Fee NONE
(1) If, for any reason, your VISA Platinum is ever 60 or more days past due, the Monthly Periodic Rate applicable to Your entire balance existing at that time and in the future will immediately increase to 1.3250% (corresponding ANNUAL PERCENTAGE RATE 15.90%).

 

VISA Classic

Credit Line Account Agreement and Disclosure - Updated 8/10

Annual Percentage Rate (APR) for Purchases 11.5% non variable
Other Annual Percentage Rates (APRs) Balance Transfer APR: 11.50% non variable
Cash Advance APR: 11.50% non variable
Late Payment APR: 15.90% (1)
Grace Period for Repayment of Balances for Purchases 28 Days
Method of Computing the Balances for Purchases Average Daily Balance (including new purchases)
Annual Fees NONE
Late Payment Fee NONE
(1) If, for any reason, your VISA Platinum is ever 60 or more days past due, the Monthly Periodic Rate applicable to Your entire balance existing at that time and in the future will immediately increase to 1.3250% (corresponsing ANNUAL PERCENTAGE RATE 15.90%).

 

Risk Based Pricing

In connection with your application for a consumer loan, the Credit Union is disclosing to you the score that the credit bureau distributed to us and the Credit Union used in connection with your consumer loan.

The credit score is a computer generated summary calculated at the time of the request and based on information the credit bureau has on file.The scores are based on data about your credit history and payment patterns.Credit scores are important because they are used to assist the Credit Union in determining whether you will obtain a loan.Your credit score will also be used to determine the interest rate on your loan.Credit scores can change over time, depending on your conduct, how your credit history and payment patterns change, and how credit scoring technologies change.

Because the score is based on information in your credit history, it is very important that you review your credit report to make sure it is accurate.Credit records may vary from one company to another.You may obtain a FREE copy of your credit report annually at www.annualcreditreport.com.

If you have questions about your credit score that is furnished to you, contact the credit bureau at the address and telephone number provided with this notice.The credit bureau plays no part in the decision to take any action on the loan application and is unable to provide you with specific reasons for the decision on the loan application.

If you have any questions concerning the terms of the loan, contact the Credit Union.

Your credit score was provided by and/or derived from information obtained in a report from the consumer reporting agency listed below:

Trans Union
P.O. Box 1000
Chester, PA 19022
(800) 888-4213

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Savings Disclosure

Share/Savings Account
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Rate Information
As of the last dividend declaration date, if your Daily Balance was $100.00 or more, the dividend rate paid on the entire balance in your account was ____% with an annual percentage yield (APY) of ____%. If your Daily Balance was less than $100.00, the dividend rate paid on the entire balance was 0% with an annual percentage yield (APY) of 0%.

The dividend rate and annual percentage yield (APY) may change every quarter as determined by the credit union board of directors.

Compounding and Crediting - Dividends will be compounded quarterly and will be credited quarterly. For this account type, the dividend period is quarterly (frequency), for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st. All other dividend periods follow this same pattern of dates.The dividend declaration date follows the ending date of a dividend period, and for the example is April 1st.

If you close your account before the dividends are paid, you will not receive the accrued dividends.

Account Restrictions and Features - The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.

Balance Computation Method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Minimum Balance Requirements - The minimum required to open this account is the purchase of a $5.00 par value share in the credit union.

Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.

Par Value of a Share - The par value of a share is $5.00

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Checking Disclosure

Share Draft/Checking Account & Benefits Plus Checking

Rate Information - As of the last dividend declaration date, the dividend rate was ____% with an annual percentage yield (APY) of ____% on your account.You will be paid this rate quarterly.

Compounding and Crediting - Dividends will be compounded quarterly and will be credited quarterly.

For this account type, the dividend period is quarterly (frequency), for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st. All other dividend periods follow this same pattern of dates.The dividend declaration date follows the ending date of a dividend period, and for the example is April 1st.

Account Restrictions and Features - The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.

Balance Computation Method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Minimum Balance Requirements - You must maintain a minimum daily balance of $1,000.00 in your account each day to obtain the disclosed annual percentage yield.

Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.

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Club Accounts (Christmas, Vacation, Youth Treasure Hunt, etc.)

Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Rate Information - As of the last dividend declaration date, the dividend rate was ____% with an annual percentage yield (APY) of ____% on your account.You will be paid this rate quarterly.

Compounding and Crediting - Dividends will be compounded quarterly and will be credited quarterly.

For this account type, the dividend period is quarterly (frequency), for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st. All other dividend periods follow this same pattern of dates.The dividend declaration date follows the ending date of a dividend period, and for the example is April 1st.

If you close your account before the dividends are paid, you will not receive the accrued dividends.

Account Restrictions and Features - The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.

Balance Computation Method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Minimum Balance Requirements - No minimum balance requirements apply to this account.

Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.

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Insured Money Market Account

Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Rate Information - Your interest rate and annual percentage yield may change monthly. Credit Union management will determine the rate on your account no later than the first business day of each month, based on the following tiers:

$2,000.00 to $9,999.99
$10,000.00 to $24,999.99
$25,000.00 to $49,999.99
$50,000.00 and up

As of__________ , based on a balance of $______________, the interest rate for your account is ______% with an annual percentage yield of ______%.

Compounding and Crediting - Interest will be compounded every month and is credited to your account every month.If you close your account before interest is paid, you will not receive the accrued interest.

Balance Computation Method - Interest is calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day.

Account Restrictions and Features - Transaction limitations apply.Transfers from the NEW Insured Money Market Savings account to another account or to third parties by preauthorized, automatic, telephone (including audio response), or internet banking transfer are limited to six (6) per statement cycle, with no more than three (3) by check, draft, or similar order to third parties.Transactions made in person (over-the-counter) and at Automated Teller Machines (ATMs) are unlimited.Telephone or written requests for withdrawal, which result in a check payable to and mailed directly to the member, are unlimited.The minimum transaction amount is $100.00 for any over-the-counter transaction on this account.If you exceed the withdrawal or transfer limitations set forth above, your account will be subject to penalty (see Fee Schedule) and closure by the credit union.The credit union reserves the right to require a seven-day notice before withdrawal or transfer

Minimum Balance Requirements - The minimum balance required to open this account is $2,000.00.You must maintain a minimum daily balance of $2,000.00 in your account to obtain the disclosed annual percentage yield.

Accrual of Interest on Non-Cash Deposits - Interest will begin to accrue on the business day you deposit non-cash items (e.g. checks) to your account.

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Premium Share Account

Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period

Rate Information - As of the last dividend declaration date, the dividend rate was ____% with an annual percentage yield (APY) of ____% on your account.You will be paid this rate quarterly.

Compounding and Crediting - Dividends will be compounded quarterly and will be credited quarterly. For this account type, the dividend period is quarterly (frequency), for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st. All other dividend periods follow this same pattern of dates.The dividend declaration date follows the ending date of a dividend period, and for the example is April 1st.

If you close your account before the dividends are paid, you will not receive the accrued dividends.

Account Restrictions and Features - The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.

Balance Computation Method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Minimum Balance Requirements - The minimum balance required to open this account is $1,000.00.

You must maintain a minimum daily balance of $1,000.00 in your account each day to obtain the disclosed annual percentage yield.

Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.

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Individual Retirement Account (IRA) Account

Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Rate Information - As of the last dividend declaration date, the dividend rate was ____% with an annual percentage yield (APY) of ____% on your account.You will be paid this rate quarterly.

Compounding and Crediting - Dividends will be compounded quarterly and will be credited quarterly.

For this account type, the dividend period is quarterly (frequency), for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is March 31st. All other dividend periods follow this same pattern of dates.The dividend declaration date follows the ending date of a dividend period, and for the example is April 1st. If you close your account before the dividends are paid, you will not receive the accrued dividends.

Account Restrictions and Features - The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft account) to give written notice of such intent not less than seven days and up to 60 days before such withdrawal.

Balance Computation Method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Minimum Balance Requirements - No minimum balance requirements apply to this account.

Accrual of Dividends on Non-cash Deposits - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.

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Certificate of Deposit (CD)

Rate Information - The interest rate on your deposit account is ____% with an annual percentage yield (APY) of ____%. For purposes of this disclosure, this is a rate and APY that were offered within the most recent seven calendar days and were accurate as of __/__/__. Please call (989) 773-5927 to obtain current rate information. You will be paid this rate until the initial maturity date of this account.

Compounding and Crediting - Interest will be compounded monthly and will be credited monthly.

Account Restrictions and Features - Additional deposits to this account, prior to maturity, are not allowed.

Balance Computation Method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Minimum Balance Requirements - The minimum balance required to open this account is $500.00.

Accrual of Interest on Non-cash Deposits - Interest will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.

Time Requirements - Your account will mature after 3, 6, 12, 18, 24, 36, 48 or 60 months. Term requested_________.

Early Withdrawal Provisions - You may withdraw funds from your account, prior to maturity, only if you make a complete withdrawal and close the account. We will impose a penalty if you withdraw any of the funds in your account before the maturity date.The penalty will equal up to 90 or 180 days of interest on your account. The early withdrawal penalties do not apply to withdrawals after the death of any owner of the account.

Renewal Policies - Your account will automatically renew at maturity.You will have a grace period of 7 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

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IRA Certificate of Deposit

Rate Information - The interest rate on your deposit account is ____% with an annual percentage yield (APY) of ____%.For purposes of this disclosure, this is a rate and APY that were offered within the most recent seven calendar days and were accurate as of __/__/__.Please call (989) 773-5927 begin_of_the_skype_highlighting (989) 773-5927 end_of_the_skype_highlighting to obtain current rate information.You will be paid this rate until the initial maturity date of this account.

Compounding and Crediting - Interest will be compounded monthly and will be credited monthly.

Account Restrictions and Features - Additional deposits to this account, prior to maturity, are not allowed.

Balance Computation Method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Minimum Balance Requirements - The minimum balance required to open this account is $500.00.

Accrual of Interest on Non-cash Deposits - Interest will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account.

Time Requirements - Your account will mature after 12, 24, 36, 48 or 60 months.

Early Withdrawal Provisions - You may withdraw funds from your account, prior to maturity, only if you make a complete withdrawal and close the account. We will impose a penalty if you withdraw any of the funds in your account before the maturity date.The penalty will equal up to 90 or 180 days of interest on your account. The early withdrawal penalties do not apply to withdrawals after the death of any owner of the account.

Renewal Policies - Your account will automatically renew at maturity.You will have a grace period of 7 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

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Building lifetime member relationships as a trusted financial partner
Equal Housing LenderNational Credit Union Administration
NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act