4/19/2016

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 April 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

Purchases

based on 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

Interest will start to accrue immediately on cash advances.

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.

http://www.nefcu.com/account­application­and­opening­disclosure.html

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Your due date is the 21st of each month and is at least 25

4/19/2016

Account Application and Opening Disclosure ­ New England Federal Credit Union

How to Avoid  

Paying Interest

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 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

Over the Credit

Limit

Returned Payment

is less.

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

http://www.nefcu.com/account­application­and­opening­disclosure.html

exercise those rights is provided in your account agreement.

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4/19/2016

Account Application and Opening Disclosure ­ New England Federal Credit Union

exercise those rights is provided in your account agreement.

VISA RATE DISCLOSURE

Rates as of April 01, 2016

Rates are determined by an evaluation of your credit. 

We offer several Prime Rate based programs as follows:

Index* Margin**

Percentage Rate

Annual

Monthly Periodic Rate (MPR)

(APR)***

Platinum

3.25%

1.90%

5.40%

3.25%

3.90%

7.40%

3.25%

5.90%

9.40%

3.25%

7.90%

11.40%

3.25%

9.90%

13.40%

Platinum Rewards

3.25%

3.90%

7.40%

3.25%

5.90%

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%.

http://www.nefcu.com/account­application­and­opening­disclosure.html

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4/19/2016

Account Application and Opening Disclosure ­ New England Federal Credit Union

Copyright 2001-2016 ©NEFCU. All
rights reserved.

NEFCU (New England Federal Credit
Union) Williston, Vermont 
call us: 800-400-8790

Subscribe to News@NEFCU

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routing number: 211691127

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