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Disclosures

Membership

Account Agreement and Disclosures

The rates, fees, and terms applicable to all PrimeWay Federal Credit Union accounts and services.

  • Savings
  • Checking
  • Certificates & IRAs
  • Home Loans
  • Vehicle Loans
  • Personal Loans
  • Fees
  • Primary Savings
  • Freedom Fighters Savings
  • Student Savings
  • Holiday Savings
  • Money Market
  • Non-Interest Savings
Account Type

Primary Savings

Balances Dividend Rate Annual Percentage Yield (APY) Minimum Opening Balance Minimum Balance to Earn APY Minimum Balance to Avoid Service Fee Dividends Compounded and Credited Dividend Period
$100 and over 0.05% 0.05% $5.00 $100.00 $5.00 Monthly Monthly
Account Type

Freedom Fighters Savings

Balances Dividend Rate Annual Percentage Yield (APY) Minimum Opening Balance Minimum Balance to Earn APY Minimum Balance to Avoid Service Fee Dividends Compounded and Credited Dividend Period
$100 and over 0.05% 0.05% $5.00 $100.00 $5.00 Monthly Monthly
Account Type

Student Savings

Balances Dividend Rate Annual Percentage Yield (APY) Minimum Opening Balance Minimum Balance to Earn APY Minimum Balance to Avoid Service Fee Dividends Compounded and Credited Dividend Period
$100 and over 0.05% 0.05% $5.00 $100.00 $5.00 Monthly Monthly
Account Type

Holiday Savings

Balances Dividend Rate Annual Percentage Yield (APY) Minimum Opening Balance Minimum Balance to Earn APY Minimum Balance to Avoid Service Fee Dividends Compounded and Credited Dividend Period
$100 and over 0.05% 0.05% $5.00 $100.00 $5.00 Monthly Monthly
Account Type

Money Market

Balances Dividend Rate Annual Percentage Yield (APY) Minimum Opening Balance Minimum Balance to Earn APY Minimum Balance to Avoid Service Fee Dividends Compounded and Credited Dividend Period
$2,500 to $24,999.99 0.20% 0.20% $2,500.00 $2,500.00 $2,500.00 Monthly Monthly
$25,000 to $74,999.99 0.25% 0.25% $2,500.00 $2,500.00 $2,500.00 Monthly Monthly
$75,000+ 0.35% 0.35% $2,500.00 $2,500.00 $2,500.00 Monthly Monthly
Account Type

Non-Interest Savings

Balances Dividend Rate Annual Percentage Yield (APY) Minimum Opening Balance Minimum Balance to Earn APY Minimum Balance to Avoid Service Fee Dividends Compounded and Credited Dividend Period
N/A 0.00% 0.00% $5.00 None N/A Monthly Monthly
  • Premier Checking
  • Elite Checking
  • eChecking
  • Student Checking
Account Type

Premier Checking

Balances Dividend Rate Annual Percentage Yield (APY) Minimum Opening Balance Minimum Balance to Earn APY Minimum Balance to Avoid Service Fee Dividends Compounded and Credited Dividend Period
N/A 0.05% 0.05% $25.00 None $1,000.00 Monthly Monthly
Account Type

Elite Checking

Balances Dividend Rate Annual Percentage Yield (APY) Minimum Opening Balance Minimum Balance to Earn APY Minimum Balance to Avoid Service Fee Dividends Compounded and Credited Dividend Period
N/A 0.05% 0.05% N/A None N/A Monthly Monthly
Account Type

eChecking

Balances Dividend Rate Annual Percentage Yield (APY) Minimum Opening Balance Minimum Balance to Earn APY Minimum Balance to Avoid Service Fee Dividends Compounded and Credited Dividend Period
N/A 0.00% 0.00% $25.00 N/A N/A N/A N/A
Account Type

Student Checking

Balances Dividend Rate Annual Percentage Yield (APY) Minimum Opening Balance Minimum Balance to Earn APY Minimum Balance to Avoid Service Fee Dividends Compounded and Credited Dividend Period
N/A 0.00% 0.00% $25.00 N/A N/A N/A N/A
  • Certificate of Deposit
  • IRA Certificate of Deposit
  • IRA Savings
Account Type

Certificate of Deposit

Term Dividend Rate Annual Percentage Yield (APY) Minimum Opening Deposit Dividends Compounded and Credited Dividend Period
6 Months 0.25% 0.25% $1,000.00 Monthly Monthly
6 Months (Jumbo) 0.30% 0.30% $250,000.00 Monthly Monthly
12 Months 0.50% 0.50% $1,000.00 Monthly Monthly
12 Months (Jumbo) 0.55% 0.55% $250,000.00 Monthly Monthly
18 Months 0.55% 0.55% $1,000.00 Monthly Monthly
18 Months (Jumbo) 0.60% 0.60% $250,000.00 Monthly Monthly
24 Months 0.65% 0.65% $1,000.00 Monthly Monthly
24 Months (Jumbo) 0.70% 0.70% $250,000.00 Monthly Monthly
36 Months 0.70% 0.70% $1,000.00 Monthly Monthly
36 Months (Jumbo) 0.75% 0.75% $250,000.00 Monthly Monthly
48 Months 0.75% 0.75% $1,000.00 Monthly Monthly
48 Months (Jumbo) 0.80% 0.80% $250,000.00 Monthly Monthly
60 Months 0.75% 0.75% $1,000.00 Monthly Monthly
60 Months (Jumbo) 0.80% 0.80% $250,000.00 Monthly Monthly
12 Months Youth Club Certificate 0.50% 0.50% $250.00 Monthly Monthly
12 Months Wealth Builder Certificate 0.20% 0.20% $250.00 Monthly Monthly
Account Type

IRA Certificate of Deposit

Term Dividend Rate Annual Percentage Yield (APY) Minimum Opening Deposit Dividends Compounded and Credited Dividend Period
6 Months 0.25% 0.25% $1,000.00 Monthly Monthly
6 Months (Jumbo) 0.30% 0.30% $250,000.00 Monthly Monthly
12 Months 0.50% 0.50% $1,000.00 Monthly Monthly
12 Months (Jumbo) 0.55% 0.55% $250,000.00 Monthly Monthly
18 Months 0.55% 0.55% $1,000.00 Monthly Monthly
18 Months (Jumbo) 0.60% 0.60% $250,000.00 Monthly Monthly
24 Months 0.65% 0.65% $1,000.00 Monthly Monthly
24 Months (Jumbo) 0.70% 0.70% $250,000.00 Monthly Monthly
36 Months 0.70% 0.70% $1,000.00 Monthly Monthly
36 Months (Jumbo) 0.75% 0.75% $250,000.00 Monthly Monthly
48 Months 0.75% 0.75% $1,000.00 Monthly Monthly
48 Months (Jumbo) 0.80% 0.80% $250,000.00 Monthly Monthly
60 Months 0.75% 0.75% $1,000.00 Monthly Monthly
60 Months (Jumbo) 0.80% 0.80% $250,000.00 Monthly Monthly
Account Type

IRA Savings

Term Dividend Rate Annual Percentage Yield (APY) Minimum Opening Deposit Dividends Compounded and Credited Dividend Period
0.15% 0.15% $5.00 Monthly Monthly
  • Fixed Rate Home Equity Loan - 1st Lien
  • Fixed Rate Home Equity Loan - 2nd Lien
  • Fixed Rate Mortgage
  • Fixed Rate Mortgage Jumbo
  • Home Equity Line of Credit (HELOC) - 1st Lien
  • Home Improvement Loans - 2nd Lien
Loan Type

Fixed Rate Home Equity Loan - 1st Lien

Term Annual Percentage Rate (APR)
Up to 120 Months as low as 3.03%
Up to 180 Months as low as 3.15%
Up to 240 Months as low as 3.45%
Up to 360 Months as low as 3.55%
Loan Type

Fixed Rate Home Equity Loan - 2nd Lien

Term Annual Percentage Rate (APR)
Up to 120 Months as low as 3.78%
Up to 180 Months as low as 3.90%
Up to 240 Months as low as 4.20%
Up to 360 Months as low as 4.30%
Loan Type

Fixed Rate Mortgage

Term Annual Percentage Rate (APR)
Up to 120 Months as low as 2.75%
Up to 180 Months as low as 2.75%
Up to 240 Months as low as 3.00%
Up to 360 Months as low as 3.125%
Loan Type

Fixed Rate Mortgage Jumbo

Term Annual Percentage Rate (APR)
Up to 180 Months as low as 3.40%
Up to 240 Months as low as 3.40%
Up to 360 Months as low as 3.40%
Loan Type

Home Equity Line of Credit (HELOC) - 1st Lien

Term Annual Percentage Rate (APR)
240 Months:
-60 Month Draw Period
-180 Month Repayment Period
1.99% Introductory Rate for first 6 months.
After the Introductory Period, the rate is
variable – as low as Prime +0.500% – with
a floor rate of 4% [1]
Loan Type

Home Improvement Loans - 2nd Lien

Term Annual Percentage Rate (APR)
Up to 60 Months as low as 5.34%
Up to 120 Months as low as 5.62%
Up to 240 Months as low as 6.03%
  • Auto Loans (New & Used)
  • Boat and Personal Watercraft
  • Motorcycle Loans
  • Recreational Vehicle Loans
Loan Type

Auto Loans (New & Used)

Model Years: 2014-2020
Term Annual Percentage Rate (APR) Term Model Years Loan Amount
Up to 36 Months as low as 2.74% 2014-2020 -
Up to 48 Months as low as 2.74% 2015-2020 -
Up to 60 Months as low as 2.8% 2016-2020 Minimum $10,000
Up to 72 Months as low as 2.5% 2017-2020 Minimum $15,000
Up to 84 Months as low as 4.76% 2019-2020 Minimum $35,000
Loan Type

Boat and Personal Watercraft

Term Annual Percentage Rate (APR) Loan Amount
Up to 36 Months as low as 4.07% -
Up to 60 Months as low as 4.22% Minimum $10,000
Up to 84 Months as low as 4.37% Minimum $15,000
Up to 120 Months as low as 4.52% Minimum $25,000
Up to 144 Months as low as 4.67% Minimum $50,000
Loan Type

Motorcycle Loans

Term Annual Percentage Rate (APR) Loan Amount
Up to 36 Months as low as 4.12% -
Up to 60 Months as low as 4.27% Minimum $10,000
Up to 72 Months as low as 4.42% Minimum $15,000
Loan Type

Recreational Vehicle Loans

Term Annual Percentage Rate (APR) Loan Amount
Up to 36 Months as low as 4.07% -
Up to 60 Months as low as 4.22% Minimum $10,000
Up to 84 Months as low as 4.37% Minimum $15,000
Up to 120 Months as low as 4.52% Minimum $25,000
Up to 144 Months as low as 4.67% Minimum $50,000
  • CD Secured Loan
  • Debt Consolidation Loans
  • Personal Loans
  • Savings Secured Loan
  • Technology Loans
Loan Type

CD Secured Loan

Term Annual Percentage Rate (APR) Loan Amount
- 3.00% + Current CD Rate [2] $500 to $10,000
Loan Type

Debt Consolidation Loans

Term Annual Percentage Rate (APR) Loan Amount
Up to 60 Months as low as 7.25% [3] Up to $50,000
Loan Type

Personal Loans

Term Annual Percentage Rate (APR) Loan Amount
Up to 72 Months as low as 7.8% Minimum $15,000 for 72 Months
Loan Type

Savings Secured Loan

Term Annual Percentage Rate (APR) Loan Amount
- 3.00% + Current CD Rate [2] $500 to $10,000
Loan Type

Technology Loans

Term Annual Percentage Rate (APR) Loan Amount
Up to 36 Months as low as 8.00% Up to $5,000
  • Business Account Fees
  • Electronic Service Fees
  • Other Service Fees
  • Par Value
  • Safe Deposit Box Fees
  • Savings and Checking Accounts Fees
  • Wire Transfers, Negotiable Items, and Payment Services
Fee Type

Business Account Fees

Fee Description Fee Amount
Business Analysis Account Fee $20.00/month
Business Analysis Checking - Debits $0.18/debit transaction
Business Analysis Checking - Credits $0.75/credit transaction
Returned Item Fee $32.00/item
NSF Fee $32.00/item
Occasional Overdraft Privilege Service (OOPS) Fee $32.00/item
Stop Payment Fee $32.00/item
Domestic Wire Transfer Fee (Outgoing) $22.00/wire
Foreign Wire Transfer Fee (Outgoing) $40.00/wire
Incoming Wire Transfer Fee $10.00/wire
Charge-Back Fee $20.00/item
Western Union Transfer Fee $20.00/transfer
Monthly Merchant Capture Fee $35.00/month
Coin & Change Order Fee The greater of $5.00 or 3%
Account Research Fee $30.00/hour ($15.00 minimum charge)
Cashier's Check $10.00/check
NSF Letter Mailed $20.00 per occurrence after o/d for at least 10 days
Paper Statement Fee $10.00/month
Same Day ACH Origination $15 per transaction
Standard ACH Origination $0
Fee Type

Electronic Service Fees

Fee Description Fee Amount
Debit Card Replacement Fee $6.00 per card
Rush Card Fee $30.00 per order
Research on Pending Debit Card or ACH Transaction $5.00 per transaction
Charge-Back Fee $15.00 per item
Copy of Sales Receipt $13.00 per transaction
Out-of-Network ATM Services $3.00 per transaction
Non-Member ATM Services on PrimeWay ATMs $3.50 per transaction
MasterCard Gift Cards $3.50 per card
Phone & Online Payment Processing Fee $10.00 per transaction
Check-By-Phone Fee $10.00 per transaction
Fee Type

Other Service Fees

Fee Description Fee Amount
Returned Deposit Item Fee $30.00 per item returned
Returned Loan Payment Fee $30.00 per item returned
Printed Statement Mailing Fee $3.00 per month
Account Research/Reconciliation/Archive Fee $30.00 per hour ($15.00 minimum charge)
Statement Copy Fee $5.00 per page
Inactive Account Fee $10.00 per month after 9 months of inactivity
Verification of Deposit Requests $5.00 per request
Cross-Account Telephone Transfers $2.00 per transfer
Excessive Loan Denial Fee $20.00 charged on the 3rd denial in a 12 month period
Loan Skip-a-Pay Extensions $25.00 per completed extension
Lost Title Replacement Fee $12.00 per title
Expedited Lost Title Replacement Fee $20.00 per title
Legal Process Fee $100.00 per legal order for freeze, attachment, garnishment, or levy
Teller Check Fee $2.00 per check
Fee Type

Par Value

Fee Description Fee Amount
Par Value of One Share is $5.00
Fee Type

Safe Deposit Box Fees

Fee Description Fee Amount
3 x 5 $25.00 per year
3 x 10 $35.00 per year
5 x 10 $65.00 per year
10 x 10 $110.00 per year
2 x 5 $25.00 per year
5 x 5 $35.00 per year
2 x 10 $30.00 per year
6 x 10 $50.00 per year
9 x 10 $70.00 per year
Box Drilling Third-party service provider fees apply, minimum $100.00 per box
Lost Key Fee $25.00 per key
Key Deposit (refundable, if both keys are returned when box is surrendered) $25.00 per box
Fee Type

Savings and Checking Accounts Fees

Fee Description Fee Amount
Premier Checking Service Fee $6.00 per month, if minimum daily balance is not met
Overdraft Transfer (from savings or line of credit loan) $6.00 per transfer
NSF Fee $30.00 per item returned unpaid
Occasional Overdraft Privilege Service (OOPS) Fee $30.00 per item paid
Stop Payment Fee $30.00 per request
Negative Account Letter Mailed $10.00 per occurrence after the account has been overdrawn for at least 10 days
Cleared Check Inquiry/Copy Fee $5.00 per item
Check Printing Varies by style
Holiday Account Early Withdrawal Fee $5.00 per withdrawal
Money Market Excess Withdrawal Fee $10.00 per withdrawal after 6 withdrawals per month
IRA Plan Early Termination Fee $10.00 if IRA Plan is closed before the owner reaches age 70.5
Items Sent for Domestic or International Collection $20.00 per item
Fee Type

Wire Transfers, Negotiable Items, and Payment Services

Fee Description Fee Amount
Outgoing Domestic Wire Transfer Fee $22.00 per transfer
Outgoing International Wire Transfer Fee $61.00 per transfer
Undetermined International Account Fee $20.00 per correspondent transfer
Incoming Wire Transfer Fee $10.00 per transaction
Same Day ACH Origination $15.00 per transaction
Online Funds Transfer: Next Business Day $10.00 per transfer
POP Money (person to person transfer) $5.00 per transfer
Western Union Transfer Fee $20.00 per transfer
Cashier’s Check Fee $4.00 per check
Money Orders $2.00 per money order
Corporate Check Mail Processing Fee $2.00 per check
Members Check Cashing 1% of the total amount of the check(s) presented with a $5.00 minimum, unless the aggregate balance in all accounts is $2,500 or more, or the member has a checking account, or the member has any active loan product
Non-Member On-Us Check Cashing 1% of the total amount of the check(s) presented with a $5.00 minimum
Shared Branch Transactions $5.00 per transaction

Membership Agreement

PrimeWay Federal Credit Union’s Membership Agreement contains member and account agreement, funds transfer availability policy and electronic funds transfer agreement. Membership Agreement (PDF)


Privacy Notice

PrimeWay Federal Credit Union respects our members' expectation of privacy. Privacy Notice (PDF)


Children’s Privacy

PrimeWay Federal Credit Union is dedicated to the privacy and safety of all our members, but we place special importance on protecting our younger members. Personal information is confidential. We do not collect personal information or share it in any circumstance, other than a request for service or a contest entry. In those instances, the information is treated as highly confidential and follows detailed procedures designed to protect our youth. Children's Privacy Policy (PDF)


NCUA Insurance

PrimeWay Federal Credit Union is federally insured by the National Credit Union Administration (NCUA), a U.S. Government Agency. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.


Fees

Fee schedule (PDF). Fees subject to change.


Business Services Fees

Business Services Fee Schedule (PDF) Fees subject to change.


ATMs

Transactions performed at other ATMs may be subject to the ATM owner’s surcharge fee. Please see the online ATM Locator at allpointnetwork.com/atm-locators or our mobile banking app for a list of ATMs that accept deposits or are surcharge-free. Not all ATMs accept deposits.


Social Media Disclosures

PrimeWay Federal Credit Union sponsors select pages on social media outlets that include, but are not limited to, Facebook, Twitter, Instagram, YouTube and LinkedIn. We participate as a way to interact with a community of people interested in discussing topics pertinent to PrimeWay Federal Credit Union's products, services and members. Please understand that non-PrimeWay Federal Credit Union postings to PrimeWay Federal Credit Union sponsored pages are not representative of the opinions of PrimeWay Federal Credit Union Credit Union. Nor does PrimeWay Federal Credit Union confirm the accuracy of content posted by other users.

Do not include personal or account information in posts or private messages. PrimeWay Federal Credit Union will never ask for your Social Security number, account information, passwords or PINs via social outlets or email. PrimeWay Federal Credit Union Credit Union posts are identified with the three circle logo. We may also direct you to complete an online form or call a Member Service Representative to provide further assistance and the best member service.

PrimeWay Federal Credit Union is not affiliated, nor responsible, for the security, privacy or any other operations of the social media outlet or service or third party applications and advertising that may be connected to or linked to by them. We discourage clicking on links posted by other users, as these links may pose risk to your computer or take you to inappropriate sites. We do not compensate for suggestions or ideas posted on PrimeWay Federal Credit Union sponsored pages and we reserve the right to remove postings that are:

  • Abusive, defamatory, or obscene
  • Fraudulent, deceptive or misleading
  • In violation of any intellectual property right of another
  • In violation of any law or regulation
  • Promoting or advertising a business, service or entity unrelated to PrimeWay Federal Credit Union
  • Otherwise inappropriate

Refer to the specific social media site outlet regarding their privacy and security policies. PrimeWay Federal Credit Union's Privacy Policy.


Website Accessibility

PrimeWay Federal Credit Union is committed to bring a pleasant browsing experience to all of our members.

ADA Website Accessibility Statement

If you are experiencing difficulty accessing content on this site, please do not hesitate to contact us over the phone, via chat, at a retail center or submit a contact request form. We will work with you to ensure that you have access to the publicly available content on the site.


USA Patriot Act

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account at PrimeWay Federal Credit Union, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.


Third Party Site Disclaimer

PrimeWay Federal Credit Union does not endorse or guarantee third party links. The products and services offered on third-party sites are not PrimeWay Federal Credit Union products. PrimeWay Federal Credit Union cannot attest to the accuracy of information provided by the linked sites. Linking to a website does not constitute endorsement by PrimeWay Federal Credit Union or any of its employees of the sponsors of the site or the products presented on the site. Other websites which you may link to from the PrimeWay Federal Credit Union’s site are not bound by the PrimeWay Federal Credit Union Website Privacy Policy.

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