Account Service Charges
Service charge changes
CCEC’s service charges policy is to charge those members using a service, rather than having blanket charges which are the same for everyone whether or not those services are used. We also try not to discriminate against members who have less money, so we don’t waive fees for those members with higher balances.
Periodically, we review our charges by assessing the time required to provide the services and what other credit unions are charging.
The fees below are in effect as of June 1, 2012. Fees are subject to change. Please check with the credit union.
The monthly charge for business accounts is necessary because of charges our Central Credit Union has been charging the Credit Union on our business accounts. These include charges for deposits, on a per cheque basis, among others. To partially offset these charges that the Credit Union has to pay, we are instituting a $5 monthly charge on all businesses. (This monthly charge will not be charged on group accounts, which include non-profit societies, co-operatives, and other community organizations.)
| Service Charges |
Now |
New (June 1, 2012) |
| Inactive annual fee |
$25.00 |
$35.00 |
| Unencoded chq |
$ 3.00 |
$ 5.00 |
| Pre-auth on P24 |
$ 0.60 |
$ 1.25 |
| Coverdraft |
$ 1.00 |
$ 2.00 |
| NSF |
$25.00 |
$30.00 |
| Other return |
$10.00 |
$15.00 |
| Trace requests by member |
$ - |
$15.00 |
| Wire transfers-outgoing |
|
|
CAD |
$ 8.00 |
$10.00 |
USD |
$10.00 |
$15.00 |
International |
$13.00 |
$18.00 |
| Wire transfers-incoming |
|
|
CAD (no change) |
$ 3.00 |
$ 3.00 |
USD |
$ 3.00 |
$ 5.00 |
| Business Accounts |
|
|
Monthly fee |
$ - |
$ 5.00 |
(does not apply to community groups) |
The fees in the Products and Services Brochure downloadable on this page are current as of June 1, 2012. Charges may be subject to change. Please call us to confirm the fees.
We continue to offer a number of Complimentary Services – Passing along the savings
Service Fees – we make banking affordable
Click here to view our Groups and Businesses Brochure
Click here to view our Products and Services Brochure (updated June 1, 2012)