Fees & Disclosures
Home Equity Line of Credit
*APR = Annual Percentage Rate.
The introductory rate will be in effect for 12 months. After the introductory rate, the variable annual percentage rate can change semi-annually on the first day of February and August. The variable rate will be based on the Prime Interest Rate published in The Wall Street Journal. There is no limit on the amount by which the annual percentage rate can change during any one-year period. The maximum annual percentage rate that can apply is 18.0% or the maximum permitted by law, whichever is less. However, under no circumstances will your annual percentage rate go below 4.0% at any time during the term of the plan. Minimum loan amount is $10,000. 1- to 4-family owner-occupied properties only. This is a variable rate home equity line of credit secured by a mortgage on your home. No annual fee and no minimum balance requirement. Closing costs paid by ONE Credit Union. If you terminate the line of credit within the first 36 months from day of closing you must repay all closing costs ONE Credit Union paid on your behalf. All accounts are subject to individual approval. Property insurance naming ONE Credit Union as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply and are subject to change without notice.
Home Equity Loan
APR = Annual Percentage Rate. The actual APR may be higher based on the credit worthiness of each applicant. Various rates apply depending on the term chosen. Terms available from 36 to 180 months on second lien position loans. 1 to 4-family owner-occupied properties only. Rates may change without notice. This is a fixed rate home equity loan secured by a mortgage on your home. All loans are subject to individual approval. Closing costs paid by ONE Credit Union will vary. If you terminate the line of credit within the first 36 months from day of closing you must repay all closing costs OCU paid on your behalf. Property insurance naming ONE Credit Union as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply.
Mini Equity Loan
APR = Annual Percentage Rate. The actual APR may be higher based on the credit worthiness of each applicant. Various rates apply depending on the term chosen. Terms available up to 120 months on second or third lien position loans. 1 to 4-family owner-occupied properties only. Rates may change without notice. This is a fixed rate home equity loan secured by a mortgage on your home. All loans are subject to individual approval. Closing costs are paid by applicant. Closing costs are typically less than $600. No prepayment penalty. Property insurance naming ONE Credit Union as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply.
At ONE Credit Union, we know it’s important that you have your funds available to use as quickly as possible, so we adhere to the following policy:
In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of deposit (or, on the same day we receive your deposit). Funds may not be available until the second business day after the day of deposit. The first $225 of your deposits, however, will be made available on the first business day after the day of deposit.
Funds you deposit by check may be delayed for a longer period under the following circumstances:
- You have opened a new account
- We believe the check is uncollectible
- You deposit amounts in excess of $5,525 on a single day
- You are re-depositing a check
- The account has been repeatedly overdrawn
- Emergency situations, such as computer failure
We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of deposit. The first $225 of your deposits, however, will be made available on the first business day after the day of the deposit.
If you make deposits before 3:00 pm on a business day, your money will be considered deposited that day. Business days exclude Saturdays, Sundays and Federal Holidays. Deposits after 3:00 pm on a business day or at any time on a non-business day will be considered to be deposited on the next business day.
Foreign check deposits may be available on the eleventh business day after the day of deposit or the check will be sent as a collection item, whereas the funds will be available upon delivery of the funds. $200 of the deposit will not be available on the next business day.
We have developed these guidelines for your protection. If you have any questions about the availability of your funds, please don’t hesitate to ask one of our representatives.
NCUA share insurance up to $250,000.
As a member of ONE Credit Union, you’ll enjoy the peace of mind that comes with knowing your deposits are automatically insured by the National Credit Union Administration (NCUA) for up to $250,000.
The NCUA is the independent agency of the U.S. Government that is responsible for managing the National Credit Union Share Insurance Fund (NCUSIF). NCUSIF was established by Congress in 1970 to insure member share accounts against loss within specified legal limits.
NCUA protection up to $250,000 is automatically in effect on your shares here and applies to both new and old accounts.
| Service | Fee |
| Non-Sufficient Funds Share Draft, ACH and Debit Card, Courtesy Pay Service Fee | $30.00 |
| Returned Check Deposits | $30.00 |
| Visa® Credit Card Returned Payment | up to $25.00 |
| Stop Payment Request | $25.00 |
| Photocopy | $4.00/document |
| Visa® Credit Card Replacement | $10.00/card |
| Visa® Debit Card Replacement | $10.00/card |
| Visa® Prepaid Gift Card | $3.00 |
| Visa® Prepaid Travel Money Card | $9.00/card and $2.00/reload |
| Outgoing Domestic Wire Transfer | $20.00/transfer |
| Outgoing International Wire Transfer | $35.00/transfer |
| Cashier’s Check in excess of 2 per month | $5.00 |
| Money Orders | $1.00/item |
| Unknown Address | $4.00/month |
| Protest | $20.00/item |
| Restraining Notice or Levy | $70.00/notice |
| Information Subpoena | $70.00/notice |
| Collection Letter | $30.00/letter |
| Account Research | $15.00/hour |
| Account Interim Statement | $1.00/page |
| Escheatment Fee | $50 |
| Early Account Closure (within 6 months) | $25.00 |
| Loan Skip-a-Payment | $25.00 |
On each Visa® debit card, there is a per day limit of $510.00 ($10.00 for surcharges) used at an ATM. There is also a per day limit of $1,000 used as a debit-purchase with your PIN Number. On each account, there is a limit of $2,000 for credit-signature transactions less outstanding authorizations (purchases made but not posted to your account).
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.