Cherokee County Federal Credit Union - PO BOX 589 - RUSK TEXAS 75785
                                        Phone (903)683-2527  Fax (903)683-3409

RATES & FEES

(RATES Effective 03/22/10 -present)

Credit Union Membership – Membership Share $25.00 (minimum of $100 to earn dividends) Rates Declared Quarterly Based on Credit Union Earnings.  

Term Share Accounts- IRA Term Share Accounts - Minimum opening deposit $1,000.00

Dividend Compounded Quarterly - Early Withdrawal Penalty may apply to CD accounts

Length	RATE	APY
6 Month	1.00%	1.01%
12 Month	1.00%	1.01%
18 Month	1.10%	1.11%
24 Month	1.50%	1.51%
30 Month	1.50%	1.51%

Share and IRA Savings dividends are declared quarterly based on Credit Union Earnings. Balance Method (Average daily balance). Limited to six (6) withdrawals a month.

(RATES Effective 03/31/10 -present )

Account Type	Balance/Tier	RATE	APY
Rates Declared Quarterly Based On Credit Union Earnings	1st Quarter Ending 3/31/2010
Share Savings/IRA Savings	$100.00-$2,500.00	.25%	.25%
"   "	$2,500.01-$5,000.00	.40%	.40%
"   "	$5,000.01-$10,000.00	.50%	.50%
"   "	$10,000.01-$25,000.00	.70%	.70%
"   "	$25,000.01 and Up	1.00%	1.01%
Escrow Savings		0.00%	0.00%

Checking (Share Draft) Account rates are declared monthly.  Minimum opening deposit reflected below for each checking account type.  $300.00 minimum balance on all checking accounts to avoid monthly service fee of $3.00.  Dividends compound and are credited monthly.

*Update: 1/1/10 Below Minimum Balance Fee has been lowered from $7.00 a month to $3.00

Account Type	RATE	APY	REQUIREMENTS
Cherokee Checking	.35%	.35%	$300.00 minimum (below minimum fee $3.00)
Cherokee Checking Plus	.50%	.50%	$2,500.00 minimum
Cherokee Checking Bonus	.70%	.70%	$2,500.00 minimum (No more than 6 Withdrawals a month)

Account Limitations – For Share Savings, IRA Savings, Escrow, and Cherokee Checking Bonus accounts, no more than six (6) preauthorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, no more than three (3) of these six (6) transfer may be made by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed.  For Cherokee Checking and Cherokee Plus accounts, these limitations do not apply.

Accrual of Dividends – For all accounts, dividends will begin to accrue on the noncash deposits (such as a check) on the day you make the deposit to your account. If you close your accounts before the accrued dividends are credited, the accrued dividends will not be paid.

Dividend Period – Is the period of time at the end of which an account earns dividend credit. The dividend period begins on the first calendar day of the quarter and ends on the last calendar day of the period.

Loan Rates

Based Upon Beacon Score

(RATES Effective 3/22/2010 -Present)