Deposit Rates

1st Community Federal Credit Union offers – Savings/Share, Checking, Money Markets, Clubs, IRAs, and Term Share Certificates with great rates and a variety of terms. This credit union is federally insured by NCUA (National Credit Union Administration). Additional insurance coverage through ESI (Excess Share Insurance Corporation), a private insurance company.

Deposit Rates

1st Community Federal Credit Union – Truth-In-Savings Account Disclosures and Rate Schedule 3505 Wildewood Drive, San Angelo, Texas 76904 Also in – Ballinger, Eldorado, Fort Stockton, Midland & Crane

For all dividend-bearing Accounts except Term Share Certificates and IRA Term Share Certificates, the divided rate and APY disclosed reflect the prospective dividend rate and APY which the Credit Union anticipates will be paid for the current dividend period. For Term Share Certificates and IRA Term Share Certificates, rates are accurate as of 06/20/18. For current information call the Credit Union at (325)653-1465 or (800)749-1465. This rate schedule sets forth certain rates, terms, and conditions applicable to your Accounts at 1st Community Federal Credit Union and is incorporated into the Membership and Account Agreement and any Term Share Certificate opened with us.

Truth-In-Savings Rate Schedule

Account TypeDividend RateAnnual Percentage Yield (APY)Minimum Opening Balance / Minimum Balance to Avoid FeeDividends CompoundedDividends CreditedTransaction Limitations
Savings (Share)0.10%0.10%$25 1QuarterlyQuarterly
ePLUS Checking

(meeting requirements)

0.75%50.75%5-0-Monthly Pays on $0.01 - $25,000Monthly

See Footnote 5 for dividend requirements and limitations, and how to avoid the Monthly Maintenance Fee

1st Checking

(for members birth thru 20)

non-dividend bearing accountnon-dividend bearing account-0-n/an/aNo
Seniors Checkingnon-dividend bearing accountnon-dividend bearing account-0-n/an/aNo
Business Checkingnon-dividend bearing accountnon-dividend bearing account-0-6n/an/aNo
Non-Profit Checkingnon-dividend bearing accountnon-dividend bearing account-0-n/an/aNo
Fiduciary Checkingnon-dividend bearing accountnon-dividend bearing account-0-6n/an/aNo
Club Accounts 40.10%0.10%-0-QuarterlyQuarterlyNo
Christmas Club Account0.10%0.10%-0-MonthlyMonthly

If funds are withdrawn prior to November acct will be closed

Money Market0.30%0.30%$2,500 2MonthlyMonthlyYes3
Mega Money Market0.40%0.40%$25,000 2MonthlyMonthlyYes3

1 You must maintain the disclosed minimum balance in your Account to maintain your membership and utilize other 1CFCU services

2 You must maintain the disclosed minimum balance in your Account each day to avoid a Monthly Service Charge being charged the next month. 3A fee as set forth in the Fee Schedule will be assessed for each withdrawal in excess of six (6) per month. 4Not including Christmas Club Accounts 5To earn dividends on balances of up to $25,000, you must be enrolled in eStatements and have a minimum of 15 debit card transactions post and clear during the calendar month. This Account features a $7.95 Monthly Maintenance Fee. If you are enrolled in eStatements for the entire calendar month, the Monthly Maintenance Fee is reduced by $4.00 for that month. If you additionally have 15 1CFCU debit card transactions post and clear during the calendar month, the Monthly Maintenance Fee is reduced by and additional $3.95 for that month, which results in a $0 Monthly Maintenance Fee. 6This Account has a Monthly Service Change, as set forth in the Fee Schedule, regardless of the Account balance.
Term Share Certificates For compounding certificates, dividends will be compounded and credited monthly on the last calendar day of the month. Dividends will not be compounded if you have chosen to have the dividends paid directly to you or to another account. Dividends not paid directly to you or to another account at the time of crediting become part of the principal and are subject to the early withdrawal penalty. Except for Non-Member and Jumbo Term Share Certificates, Term Share Certificates renew automatically on the same terms and at the then-current rate for Term Share Certificates for the same term or a similar term if the same term is no longer offered if you so elect at the time of Account opening. The Credit Union may change the terms of the certificate for a renewal term or decline to renew the certificate by notifying you before renewal. All Term Share Certificates have a ten (10) day grace period from the maturity date for you to make withdrawals or changes without penalty. A new certificate will not be issued upon automatic renewal if the renewal term is the same as the previous term. The member’s signature will not be required upon automatic renewal. Refer to the General Account Disclosures section below for early withdrawal penalty disclosures. 7You may not make deposits into the Account, other than dividends earned and credited, until the maturity date stated on the Certificate and within the grace period. Refer to your Term Share Certificate for any additional transaction limitations. During a term, withdrawals of principal may not be made from a Term Share Certificate without closing the Certificate.
Term Dividend RateAnnual Percentage Yield (APY)Minimum Opening BalanceDividends CompoundedDividends CreditedTransaction Limitations
6 month
compounding
0.35%0.35%$1,000MonthlyMonthlyYes7
1 year
compounding
0.55%0.55%$1,000MonthlyMonthlyYes7
2 year
compounding
0.75%0.75%$1,000MonthlyMonthlyYes7
3 year
compounding
0.80%0.80%$1,000MonthlyMonthlyYes7
6 months
non-compounding
0.35%0.35%$1,000n/aMonthlyYes7
1 year
non-compounding
0.55%0.55%$1,000n/aMonthlyYes7
2 year
non-compounding
0.75%0.75%$1,000n/aMonthlyYes7
3 year
non-compounding
0.80%0.80%$1,000n/aMonthlyYes7

Individual Retirement Account (IRA) Term Share Certificate

8IRA Certificate Accounts are subject to IRS contribution limits. Credit Union and IRS penalties may apply for withdrawal of any principal or dividends before age 59 ½. At age 59 ½, the Credit Union does not impose a penalty for early withdrawal of principal or dividends. Refer to the General Account Disclosures below and your IRA plan document for more information about Credit Union and IRS early withdrawal penalties. Dividends for Traditional / SEP (SEP available for one-year term only) / Roth Accounts will be compounded and credited monthly on the last calendar day of the month. Credited dividends become part of the principal and are subject to the early withdrawal penalty. Unless you notify us in writing before the end of the grace period of the current term that you do not wish to renew, IRA Term Share Certificates renew automatically on the same terms and at the then-current rate for IRA Term Share Certificates for the same term or a similar term if the same term is no longer offered. There is a ten (10) day grace period at the time of maturity for you to make changes to the Account without penalty. The Credit Union may change the terms of the certificate for a renewal term or decline to renew the certificate by notifying you before renewal. A new certificate will not be issued upon automatic renewal if the renewal term is the same as the previous term. The member’s signature will not be required upon automatic renewal.

Individual Retirement Account (IRA) Term Share Certificates – Traditional / Conduit / SEP (available for 1 year only) / Roth

Deposit ProductDividend Rate
"APR"
Annual Percentage Yield "APY"Minimum Opening BalanceDividends CompoundedDividends CreditedTransaction Limitations
1 year0.55%0.55%$25MonthlyMonthlyYes8
2 year0.75%0.75%$25MonthlyMonthlyYes8
3 year0.80%0.80%$25MonthlyMonthlyYes8
5 year Roth Conversion1.19%1.20%$25MonthlyMonthlyYes8
5 year Roth Contributory1.19%1.20%$25MonthlyMonthlyYes8
General Account Disclosures for All Accounts
Rate Information – The dividend rate and APY on your Savings (Share), Club, Christmas Club, ePLUS Checking, Money Market and Mega Money Market Accounts may change at any time as determined by the Credit Union Board of Directors. The dividend rate and APY on Term Share Certificates and IRA Term Share Certificates are fixed and will be paid until the maturity date on the Certificate. The disclosed APY for Term Share Certificate Accounts and IRA Term Share Certificate Accounts assumes that dividends will remain in the Account until maturity. A withdrawal will reduce earnings. The dividend rate and APY for Term Share Certificates and IRA Term Share Certificates are those that were offered within the most recent seven calendar days. Balance Computation Method – Dividends for all dividend-bearing Accounts, except for the ePLUS Checking Account, are calculated by the daily balance method, which applies a daily periodic rate to the end-of-day balance in your Account each day. Dividends for the ePLUS Checking Account are calculated by the Average Daily Balance Method, which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. Accrual of Dividends – Dividends, for all dividend-bearing Accounts, will begin to accrue on the business day you deposit cash and non-cash items (such as checks) to your Account. Compounding and Crediting – Dividends will be compounded and credited as shown above. For ePLUS Checking, Money Market, Mega Money Market, and Christmas Club Accounts, the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is January 31. For Savings (Share) and Club Accounts, the dividend period is quarterly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period and is February 1 for the monthly example above and April 1 for the quarterly example above. Effect of Closing – If you close your Savings (Share), Club, ePLUS Checking, Money Market or Mega Market Account before dividends are paid, you will not receive the accrued dividends. Term Share Certificate and IRA Term Share Certificate Early Withdrawal Penalties – We may impose a penalty for early withdrawals of principal or dividends before the maturity date. The penalty is based on the term of the Certificate Account and is calculated as a forfeiture of part of the dividends earned at the dividend rate on the Account. The penalty will be imposed regardless of whether dividends equal to the amount of the penalty have been earned at the time of withdrawal. To the extent that dividends in the Account at the time of withdrawal are insufficient to pay the entire penalty assessed, the penalty will be assessed against principal. We may waive the early withdrawal penalty in certain circumstances such as the death or incompetency of an Account owner. We do not charge an early withdrawal penalty on withdrawals of dividends from Term Share Certificate Accounts if you have elected at Account opening or during any grace period to have the dividends paid directly to you instead of credited to the Term Share Certificate Account. Early withdrawals of dividends or principal from IRA Term Share Certificate Accounts are subject to Credit Union early withdrawal penalties unless the owner is 59 ½ or older. IRA Term Share Certificate Accounts are additionally subject to IRS penalties for early withdrawals of dividends or principal before the owner reaches the age of 59 ½. Refer to your IRA plan document for more information.
Certificate TermPenalty (Days Dividends)Certificate TermPenalty (Days Dividends)
6 Months90 Days3 Years365 Days
1 Year180 Days5 Years730 Days
2 Years270 Days
Nature of Dividends – For all dividend-bearing accounts except Term Share Certificate and IRA Term Share Certificate Accounts, dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. Par Value of Shares – The par value of a regular share in the 1st Community Federal Credit Union is $25. You must complete payment of one share to become a member and maintain Accounts at the Credit Union. SEE 1ST COMMUNITY FEES CHART FOR ANY ADDITIONAL FEES THAT MAY APPLY TO THE ABOVE ACCOUNTS