Dividend Rates & Fees

Below is a a detailed list of all our fees and account details.

Savings, Checking and Certificate Rates

Super Rate Saving Accounts
Account Type Balance Requirements  Rates and Yields 
Minimum Opening Deposit Minimum Balance to Earn Stated APY Dividend Rate/Annual Percentage Yield (APY)
Super Rate Account 1 $5.00 $25.00
$2,000.00
$20,000.00
0.20% / 0.20%
0.25% / 0.25%
0.30% / 0.30%

1 Account Transfer Limitations Apply
Dividends Compounded, Credited and Period = MONTHLY
Dividend Balance Method = DAILY BALANCE
Rates current as of 3-17-2018.  Rates subject to change without notice.

Christmas Saving Accounts
Account Type Balance Requirements  Rates and Yields 
Minimum Opening Deposit Minimum Balance to Earn Stated APY Dividend Rate/Annual Percentage Yield (APY)
Christmas Club Account 1,2 $5.00 $25.00 0.20% / 0.20%

1 Account Transfer Limitations Apply 2 Withdrawal Limitations Apply
Dividends Compounded, Credited and Period = MONTHLY
Dividend Balance Method = DAILY BALANCE
Rates current as of 3-17-2018.  Rates subject to change without notice.

Classic Saving Accounts
Classic Account – Money Market Account1,2
Minimum balance to earn stated APY Dividend Rate / Annual Percentage Yield (APY)
$5,000.00 – $24,999.99
0.20% / 0.20%
$25,000.00 – $49,999.99
0.40% / 0.401%
$50,000.00 + 0.45% / 0.451%

1 Account Transfer Limitations Apply 2 Withdrawal Limitations Apply
Dividends Compounded, Credited and Period = MONTHLY
Dividend Balance Method = DAILY BALANCE
Rates current as of 3-17-2018.  Rates subject to change without notice.

Health Saving Accounts
Health Savings Account  
Balance Requirements  Rates and Yields 
Minimum Opening Deposit Minimum Balance to Earn Stated APY Dividend Rate/Annual Percentage Yield (APY)
$50.00 $50.00 – $4,999.99
$5,000.00 – $24,999.99
$25,000.00 – $49,999.99
$50,000.00 +
0.20% / 0.20%
0.40% / 0.401%
0.50% / 0.501%
0.65% / 0.652%

Dividends Compounded, Credited and Period = MONTHLY
Dividend Balance Method = DAILY BALANCE
Rates current as of 3-17-2018.  Rates subject to change without notice.

Individual Retirement Accounts

IRA Share Account 1

Minimum balance to earn stated APY Dividend Rate Annual Percentage Yield (APY)
$100.00 – $4,999.99 0.20% 0.20%
$5,000.00 – $24,999.99 0.40% 0.401%
$25,000.00 – $49,999.99 0.50% 0.501%
$50,000+ 0.65% 0.652%
Dividends Compounded, Credited and Period = MONTHLY
1 Account Transfer Limitations Apply
Dividend Balance Method = DAILY BALANCE

Rates current as of 3-17-2018.  subject to change without notice.

IRA Share Certificate*(Automatic renewal)

Account
Type
Dividend Rate &
APY (%)
Min. Opening
Deposit
Dividends Compounded
& Credited
18 Months 0.95% / 0.953% $1,000.00 Quarterly
24 Months 1.00% / 1.004% $1,000.00 Quarterly
36 Months 1.15% / 1.155% $1,000.00 Quarterly
48 Months 1.95% / 1.964% $5,000.00 Quarterly
60 Months 1.85% / 1.863% $10,000.00 Quarterly

Rates current as of 3-17-2018.

IRA Step-up Share Certificate* (Non-renewable)

Account
Type
Dividend Rate &
APY (%)
Min. Opening
Deposit
Dividends Compounded
& Credited
24 Months 0.85% / 0.853% $2,500 Quarterly
36 Months 1.00% / 1.004% $2,500 Quarterly

Rates current as of 3-17-18.

*All Terms are Fixed – Dividend Period = Account’s Term
Additional Deposits are Not Allowed, except for Step Rate Certificates
Withdrawals are allowed. A penalty may apply – See Transaction Limitations Section

IRA Certificate Specials

Account
Type
Dividend Rate &
APY (%)
Min. Opening
Deposit
Dividends Compounded
& Credited
not offered at this time  –  –
not offered at this time  –  –
Funeral Trust Accounts

Funeral Trust Share Account

Minimum balance to earn stated APY Dividend Rate Annual Percentage Yield (APY)
$100 1.50% 1.511%
Dividends Compounded, Credited and Period = MONTHLY
Dividend Balance Method = DAILY BALANCE
Rates current as of 3-17-2018.  Rates subject to change without notice.

Funeral Trust Share Certificate* (Automatic renewal)

Account
Type
Dividend Rate &
APY (%)
Min. Opening
Deposit
Dividends Compounded
& Credited
18 Months 0.50% / 0.501% $1,000.00 Quarterly
24 Months 0.55% / 0.551% $1,000.00 Quarterly
36 Months 0.65% / 0.652% $1,000.00 Quarterly
Rates current as of 3-17-2018.

*All Terms are Fixed – Dividend Period = Account’s Term
Additional Deposits are Not Allowed, except for Step Rate Certificates
Withdrawals are allowed. A penalty may apply – See Transaction Limitations Section

Checking Accounts

Account Type Minimum Balance
Requirements
Minimum Balance
to Earn Stated APY
Dividend Rate /AnnualPercentage Yield (APY)            
ICU Free Checking
Basic Checking Account 3 $100.00 $500.00  0.05% / 0.05%
Senior Checking Account $1,000.00  0.05% / 0.05%
Student Checking Account  —
Direct Deposit Checking Account $500.00 0.05% / 0.05%
Non-Profit Organization Account $500.00 0.05% / 0.05%

3 $100 minimum opening deposit
Dividends Compounded, Credited and Period = MONTHLY
Dividend Balance Method = DAILY BALANCE

Rates current as of 3-17-2018. Rates subject to change without notice.
Share Certificates

  Share Certificate* (Automatic renewal)

Account Type
Dividend Rate & APY (%)
Min. Opening Deposit
Dividends Compounded & Credited
180 Days 0.55% / 0.551% $1,000.00 At Maturity
12 Months 0.75% / 0.752% $1,000.00 Quarterly
18 Months 0.95% / 0.953% $1,000.00 Quarterly
24 Months 1.00% /1.004% $1,000.00 Quarterly
36 Months 1.15% / 1.155% $1,000.00 Quarterly
48 Months 1.95% / 1.964% $5,000.00 Quarterly
60 Months 1.85% / 1.863% $10,000.00 Quarterly

Rates current as of 3-17-2018.

STEP Rate Certificate* (Non-renewable)

Account Type
Dividend Rate & APY (%)
Min. Opening Deposit
Dividends Compounded & Credited
24 Months 0.85% / 0.853% $2,500.00 Quarterly
36 Months 1.00% /1.004% $2,500.00 Quarterly

Rates current as of 3-17-2018.

*All Terms are Fixed – Dividend Period = Account’s Term
Additional Deposits are Not Allowed, except for Step Rate Certificates
Withdrawals are allowed. A penalty may apply – See Transaction Limitations Section

Share Certificate Specials

Account
Type
Dividend Rate &
APY (%)
Min. Opening
Deposit
Dividends Compounded
& Credited
not offered at this time  –  –
not offered at this time  –  –

Loan Rates

Consumer Loan Rates

Auto, Truck, Motorcycle, Travel Trailer, Motor Home

For Purchase or Refinancing APR with 100% Financing

  Model Years 2012 and Newer
Loan Term
Annual Percentage Rate (APR)**
Monthly Payment*
36 Month
2.73%
$28.97
48 Month
2.73%
$22.02
60 Month
3.23%
$18.07
72 Month ($10,000 min.)
3.23%
$15.30
84 Month ($20,000 min.)
4.23%
$13.78

 

 Model Years 2007 – 2011
Loan Term
Annual Percentage Rate (APR)**
 Monthly Payment*
36 Month
3.73%
$29.41
48 Month
3.73%
$22.46
60 Month
4.23%
$18.52
72 Month ($10,000 min.)
4.23%
$15.75

 

 Model Years 2006 and Older
          Loan Term         
Annual Percentage Rate (APR)**
 Monthly Payment*
24 Month
4.73%
$43.75
36 Month
5.23%
$30.08
48 Month
5.23%
$23.14
60 Month
5.73%
$19.21

*Monthly Payment is based on payment per $1,000 for annual percentage rate and term.
Rates current as o 1-01-17. Last changed on 10-12-15.

**The above rates are subject to change at any time without notice.  Other rates and terms are also available.  Rates subject to credit approval.  Down payment requirements may apply.
Rates posted are the lowest base rate.  Rates may vary depending on past credit history, down payment, and term.  Ask for the ways the base rate may be lowered.

 

 

ATV, Snowmobile & Boat

 

Model Years 2012 and Newer
 Loan Term
 Annual Percentage Rate (APR)**
Monthly Payment* 
36 Month
3.98%
$29.52
48 Month
3.98%
$22.57
60 Month
4.48%
$18.64
72 Month ($10,000 min.)
4.48%
$15.87
84 Month ($20,000 min.)
5.48%
$14.37

 

 Model Years 2007 – 2011
           Loan Term         
Annual Percentage Rate (APR)**
Monthly Payment* 
24 Month
4.48%
$43.65
36 Month
4.98%
$29.97
48 Month
4.98%
$23.03
60 Month
5.48%
$19.10

Call the Credit Union for rates on ATV’s, Snowmobiles, and Boats older than 2007.

*Monthly Payment is based on payment per $1,000 for annual percentage rate and term.
Rates current as of 1-01-17. Last changed on 10-12-2015.

**The above rates are subject to change at any time without notice.  Other rates and terms are also available.  Rates subject to credit approval.  Down payment requirements may apply.
Rates posted are the lowest base rate.  Rates may vary depending on past credit history, down payment, and term.  Ask for the ways the base rate may be lowered.

Home Equity Loans

REAP Loans

Account Term Annual Percentage Rate Monthly Payment per $1000
for APR and Term
Up to 10,000
48 Months max. term
3.125%  $22.20
10,000 to 24,999
120 Months max. term
3.125%  $9.72
25,000+
180 Months max. term
3.125%  $6.97

* Annual Percentage Rate may vary and a maximum interest rate of 18% may be imposed with the variable rate plan.

Rates current as of  3-01-2015.  Last changed on 01-01-14.
Real Estate Loans
Call the credit union at 715-635-8273(Spooner) or 715-463-5515(Grantsburg) to obtain the latest Annual Percentage Rate for a real estate loan to purchase or refinance your primary residence, second home or vacant land.
Signature Loans
Loans Annual Percentage Rate (APR)** Monthly Payment*
Line of Credit Loan Express Line of Credit 11.00%  $3.00 per hundred; minimum $30
Line of Credit Loan Checking Reserve 18.00%  $3.00 per hundred; minimum $30
 Signature Loan Unsecured 24 Months 7.48% $44.96
 Signature Loan Unsecured 36 Months 8.48% $31.58

*Monthly Payment is based on payment per $1,000 for annual percentage rate and term.
Rates current as of 1-1-2017.  Last changed  3-05-2015.

**The above rates are subject to change at any time without notice.  Other rates and terms are also available.  Rates subject to credit approval.  Down payment requirements may apply.  Rates posted are the lowest base rate.  Rates may vary depending on past credit history, down payment, and term.  Ask for the ways the base rate may be lowered.

Service Charges

Fee Schedule
FEE SCHEDULE
Account Fees
Overdraft Fee $25.00/Item with a maximum of 5 per day
NSF Fee $25.00/Item with a maximum of 5 per day
Returned Item Fee $5.00/Item
Stop Payment Fee $15.00/Request
Check Printing Fee $11.00 – $25.00 per 150 checks – prices may vary depending on style

$3.00 per 12 Temporary Checks – no charge for new accounts or changed account numbers due to lost or stolen checks

Checking Account Rejected Item Charge Checks ordered through suppliers other than an Indianhead Credit Union approved vendor will be subject to a $25.00/year charge if those checks require manual posting
Photo Copy of Check $1.50/Check
Other Service Fees
Account Reconciliation $10.00/Hour , minimum $5.00
Account Research $15.00/Hour , minimum $7.50
Returned Item Fee $5.00/Item for deposited or cashed checks returned to ICU
Wire Transfer Fees(Incoming) · $10.00/incoming wire transfer

· $15.00/outgoing wire transfer

Telephone Transfers No Fee
Certified Check $3.00/Check
Money Order $2.00/Money Order
Duplicate Tax Reporting Forms Fee $2.00 per form if member has E-Statements and wants to have hard copy tax forms mailed, or if member requests duplicates because of lost forms
Legal Process Fee Credit Union costs
Dormant Account Fee $1.75/Month – After 1 year and account under $100.00
History of Account Printout $2.00 per printout from ICU offices
Share Value
Par Value of One Share $5.00

The rates appearing in this Schedule are accurate as of the Effective Date indicated on this Rate and Fee Schedule. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union, at the number listed below.

Further Information

Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in the Rate and Fee Schedule are share accounts.

1. Rate Information. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period; based on a calendar year. For Super Rate, Christmas Card, Health Savings Account, IRA Share Account, Funeral Trust, Basic Checking, Senior Checking, Direct Deposit Checking, and Non Profit Organization Checking accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union’s Board of Directors.

In addition the fees and features for all accounts may change at any time. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. The Super Rate account is a Tiered Rate account. If your Daily Balance is from $25.00 to $1,999.99, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Daily Balance is from $2,000.00 to $19,999.99, the second Dividend Rate and Annual Percentage Yield listed for this account will apply.

If your Daily Balance is $20,000.00 or greater, the third Dividend Rate and Annual Percentage Yield listed for this account will apply. Once a particular tier level is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account.

The IRA Share account and Health Savings Share account are  Tiered Rate accounts. If your Daily Balance is from $100.00 to $4,999.99, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Daily Balance is $5,000.00 to $24,999.99, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. If your Daily Balance is $25,000.00 to $49,999.99, the third Dividend Rate and Annual Percentage Yield listed for this account will apply.  If your Daily Balance is $50,000.00 or more, the fourth Dividend Rate and Annual Percentage Yield listed for this account will apply. Once a particular range is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account.

2. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.

3. Dividend Compounding and Crediting. The compounding and crediting frequency of dividends and the dividend period applicable to each account are stated in the Rate Schedule. The Dividend Period is the period of time at the end of which dividends are paid to an account. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.

4. Accrual of Dividends. For all accounts, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, you will receive the accrued dividends.

5. Balance Information. To open any account, you must deposit or already have on deposit at least the par value of one full share in any account. The par value of a share is stated in the Fee Schedule. Some accounts may have additional minimum opening deposit requirements. The minimum balance requirements applicable to each account are stated in the Rate Schedule. For Basic Checking accounts, there is a minimum Daily Balance required to avoid a service fee for the dividend period. If the minimum daily balance is not met during each day of the dividend period, there will be a service fee as stated in the Rate Schedule.

For Super Rate, Christmas Club, Health Savings Account, IRA Share, Funeral Trust, Basic Checking, Senior Checking, Direct Deposit Checking, and Non Profit Organization Checking accounts, there is a minimum Daily Balance required to earn the Annual Percentage Yield disclosed for the dividend period. If the minimum daily balance is not met each day of the dividend period, you will not earn the stated Annual Percentage Yield. For accounts using the Daily Balance method as stated on the Rate Schedule, dividends are calculated by applying a daily periodic rate to the balance in the account each day.

6. Account Limitations. For Super Rate, Christmas Club, Health Savings Account, IRA Share Account, Funeral Trust, no more than six (6) preauthorized, automatic, or telephone transfers may be made from each account to another account or to third party in any month, and no more than three (3) of these six (6) transfers may be made by check or debit card to a third party.

If you exceed these limitations, your account may be subject to a fee or be closed. IRA Share Accounts are a special purpose account. An Agreement between the member and the Credit Union must be signed before the account is opened. Transactions are governed by IRS Regulations and the IRA Account Agreement. Health Savings Account (HSA) is a special purpose account, an agreement between the member and the Credit Union must be signed before the account is opened. Transactions are governed by IRS Regulations and the HSA Account Agreement. Health Savings Accounts have a stipulation to open an account one must have a health plan with a deductible of at least $1,250.00 for individual coverage and $2,500.00 for family coverage.

For Christmas Club accounts, if you withdraw from your account, you will be charged a fee as disclosed in the Fee Schedule. For Funeral Trust accounts, withdrawals may be made to cover funeral expenses only. You may refer to the Funeral Trust Agreement for additional terms and conditions. For Student Checking accounts, you must be a high school or college student at least 18 years old. For Direct Deposit Checking accounts, you must have direct deposit of payroll check, social security check, pension check or AFDC check. For Non Profit Organization Checking accounts, the account holder must be a nonprofit organization. For ICU Free Checking, Basic Checking, and Senior Checking accounts, no account limitations apply.