7/22/2016

Account Application and Opening Disclosure ­ New England Federal Credit Union

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Account Application
and Opening Disclosure
Account Application and Opening Disclosure

Interest Rates and Interest Charges

Rates as of  July 01, 2016

Annual Percentage

5.40% to 15.40% based on your creditworthiness. 

Rate (APR) for

After that, your account APR will vary with the market based on

Purchases

the Prime Rate plus margin.

APR for Balance

Transfers

Same as for Purchases. 

Your account APR will vary with the market based on the Prime

Rate plus margin.

Same as for Purchases. 

APR for Cash Advances

Interest will start to accrue immediately on cash advances.

Your account APR will vary with the market based on the Prime

Rate plus margin.

Penalty APR

NEFCU does not engage in penalty pricing.

How to Avoid  

Paying Interest

Your due date is the 21st of each month and is at least 25 days

after the close of each billing cycle. You have 25 days interest

free on all purchases regardless of the previous month’s

balance. If you pay all purchases in full within 25 days of the

close of each billing cycle you will not pay interest. We will

begin charging interest on cash advances on the transaction

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Account Application and Opening Disclosure ­ New England Federal Credit Union

date.

For Credit Card Tips

from the Consumer

Financial Protection

Bureau

To learn more about factors to consider when applying for or

using a credit card, visit the website of the Consumer Financial

Protection Bureau.

Fees

Annual Fee

None

Transaction Fees

Balance Transfer

No fee.

Cash Advance

No fee. Interest will start to accrue immediately.

Foreign Transaction

No fee from NEFCU. VISA USA does charge a currency

conversion charge of approximately 1%. See your account

agreement for more details.

Penalty Fees

Late Payment

$20 or the Minimum Payment Amount, whichever is

Over the Credit Limit

less.

Returned Payment

No fee.

No fee.

Other Fees

Statement Copy

$5

Visa eStatement

Available. No fee.

How We Will Calculate Your Balance: We will use a method called "average
daily balance (excluding new purchases)." 

Billing Rights: Information on your rights to dispute transactions and how to

exercise those rights is provided in your account agreement.

VISA RATE DISCLOSURE

Rates as of July 01, 2016

Rates are determined by an evaluation of your credit. 

We offer several Prime Rate based programs as follows:

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Account Application and Opening Disclosure ­ New England Federal Credit Union

Annual Percentage

Monthly Periodic Rate (MPR)

Index*

Margin**

Rate (APR)***

3.25%

1.90%

3.25%

3.90%

3.25%

5.90%

Platinum

5.40%

7.40%

9.40%

3.25%

7.90%

11.40%

3.25%

9.90%

13.40%

Platinum Rewards

3.25%

3.90%

3.25%

5.90%

7.40%

9.40%

3.25%

7.90%

11.40%

3.25%

9.90%

13.40%

3.25%

11.90%

15.40%

.45%

.6167%

.7833%

.95%

1.1167%

.6167%

.7833%

.95%

1.1167%

1.2833%

Index + Margin = Annual Percentage Rate (APR) 

Annual Percentage Rate (APR) ¸ 12 = Monthly Periodic Rate (MPR)

* The index is the Wall Street Journal Prime Rate published on the last Wednesday of the

month. 

** The margin is based upon your credit score. 

*** The maximum annual percentage rate that will be charged is 18.00%.

Copyright 2001-2016 ©NEFCU. All rights
reserved.

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NEFCU (New England Federal Credit
Union) Williston, Vermont 
call us: 800-400-8790

routing number: 211691127

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Account Application and Opening Disclosure ­ New England Federal Credit Union

Your savings federally insured to at least $250,000 by

the National Credit Union Administration, a U.S.

Government Agency 

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Account

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