|
The following dividend rates have been approved by the Credit Union Board of Director for the First Quarter, 2008
APY = ANNUAL PERCENTAGE YIELD
Rates Effective March 19, 2008
|
SHARE (Suffix A)
|
Jan.
|
|
Feb.
|
|
Mar.
|
|
|
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
|
$.01 - 149.99
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
$150.00 -2,499.00
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
|
$2500.00 -9,999 .99
|
1.00%
|
1.01%
|
1.00%
|
1.01%
|
1.00%
|
1.01%
|
|
$10.000.00 -24,999.99
|
1.50%
|
1.51%
|
1.50%
|
1.51%
|
1.50%
|
1.51%
|
|
$25,000.00 +
|
2.00%
|
2.02%
|
2.00%
|
2.02%
|
2.00%
|
2.02%
|
|
SHARE (Suffix A):
As of Mar. 31, 2008, if your daily balance was more than $149.99 and less than $2,500.00, the dividend rate paid on the entire balance in your account was 0.50% with an annual percentage yield (APY) of 0.50% for this dividend period.
If your daily balance was more than $2499.99 and less than $10,000.00, the dividend rate paid on the entire balance in your account was 1.00% with an annual percentage yield (APY) of 1.01% for this dividend period.
If your daily balance was more than $10,000.00 and less than $25,0000.00, the dividend rate paid on the entire balance in your account was 1.50% with an annual percentage yield (APY) of 1.51% for this dividend period. If your daily balance was $25,000.00 or more, the dividend rate paid on the entire balance in your account was 2.00% with an annual percentage yield (APY) of 2.02% for this dividend period.
You will be paid the above rate for the quarter ending Mar. 31, 2008. Rates and yields are annualized. Rates apply on those days that balances fall within the listed levels. Dividends are credited and compounded quarterly.
A minimum deposit of $100 is required to open a Share Account. Share Account balances below $100 are subject to a monthly maintenance fee of $5. Maintenance and other fees could reduce your account dividend earnings.
|
|
SHARE (Suffix O)
CHECKING
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
|
$.01 - 2,499.00
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
$2,500.00 +
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
SHARE CHECKING (Suffix O):
As of Mar. 31, 2008, if your daily balance was $2,500.00 or more, the dividend rate paid on the entire balance in your account was 0.00% with an annual percentage yield (APY) of 0.00% for this dividend period.
You will be paid the above rate for the quarter ending Mar. 31, 2008. Rates and yields are annualized. Rates apply on those days that balances fall within the listed levels. Dividends are credited and compounded quarterly.
A minimum deposit of $25 is required to open a Share Checking Account if you wish to order checks. Share Checking Accounts are NOT subject to a Monthly Maintenance Fee.
|
|
SHARE (Suffix V, H)
CLUB
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
|
$.01 - 2,499.00
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
|
$2,500.00 +
|
1.00%
|
1.01%
|
1.00%
|
1.01%
|
1.00%
|
1.01%
|
|
SHARE CLUB (Suffix V,H):
As of Mar. 31, 2008, if your daily balance was more than $.01 and less than $2,500.00, the dividend rate paid on the entire balance in your account was 0.50% with an annual percentage yield (APY) of 0.51% for this dividend period.
If your daily balance was $2,500.00 or more, the dividend rate paid on the entire balance in your account was 1.00% with an annual percentage yield (APY) of 1.01% for this dividend period.
You will be paid the above rate for the quarter ending Mar. 31, 2008. Rates and yields are annualized. Rates apply on those days that balances fall within the listed levels. Dividends are credited and compounded quarterly.
Maintenance and other fees could reduce your account dividend earnings.
|
Anticipated Dividend Rates - Second Quarter 2008
|
SHARE (Suffix A)
|
Apr.
|
|
May
|
|
June
|
|
|
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
|
$.01 - 149.99
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
$150.00 - 2,499.00
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
|
$2,500.00 - 9,999.99
|
0.75%
|
0.75%
|
0.75%
|
0.75%
|
0.75%
|
0.75%
|
|
$10,000 - 24,999.99
|
1.25%
|
1.26%
|
1.25%
|
1.26%
|
1.25%
|
1.26%
|
|
$25,000.00 +
|
1.75%
|
1.76%
|
1.75%
|
1.76%
|
1.75%
|
1.76%
|
|
|
|
|
SHARE (Suffix O)
CHECKING
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
|
$.01 - 2,499.00
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
$2,500.00 +
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
|
|
SHARE (Suffix V, H)
CLUB
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
|
$.01 - 2,499.00
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
|
$2,500.00 +
|
1.00%
|
1.01%
|
1.00%
|
1.01%
|
1.00%
|
1.01%
|
Anticipated Rates: Dividends are anticipated monthly. Anticipated Rates are subject to change and are not guaranteed until approved by the Board of Directors at a regularly scheduled Board meeting in the last month of each dividend period (quarter) for which the anticipated rates are listed. Call for current anticipated rates (212) 314-6500.
Share Certificate Rates Effective March 19
|
Minimum Bal. Req.
|
$500
|
|
$2,000
|
|
$5,000
|
|
|
TERMS
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
Dividend Rate
|
APY
|
|
Six Months
|
2.10 %
|
2.12%
|
2.25%
|
2.27%
|
2.50%
|
2.53
|
|
One Year
|
2.25%
|
2.27%
|
2.50%
|
2.53%
|
2.75%
|
2.78%
|
|
Two Years
|
2.00%
|
2.02%
|
2.25%
|
2.27%
|
2.25%
|
2.27 %
|
|
|
Share Certificate Rates are subject to change daily. Call for current rates. A substantial penalty is applied to withdrawals of principal prior to maturity. Additional deposits may be made only at renewal. The minimum opening deposit amount is $500. The annual percentage yield assumes that dividends remain on deposit for one year. Dividends are credited every 3 months and at maturity, and compounded every 3 months from the opening date. Call us at (212) 314-6476 for rates on deposits over $80,000.
|
Send us Your Questions/Comments About Dividends
|
|
