Pittsburgh Federal Credit Union
317 Brownsville Road
Pittsburgh, PA 15210
Phone: (412) 381-6363
Fax: (412) 381-6440
Pittsburgh
Federal
Credit Union offers a variety of savings accounts as well as additional
services designed to help
meet the needs of our members.
Regular Share Account
Your credit union savings are called "shares" since members are owners of the credit union - not merely depositors. Regular Share Accounts require a minimum opening deposit of $25. Dividends are paid on average daily balances over $100. The dividend rate and annual percentage yield are subject to change every dividend period as determined by the credit union board of directors.
Truth-In-Savings Disclosure Information
|
Tier
|
Annual
Percentage Yield as of Last Dividend Declaration Date
|
$0.00-$99.99 |
0.00% APY |
$100.00-$19,999.99 |
0.20% APY |
$20,000.00 and over |
0.30% APY |
|
Dividends Compounded |
Quarterly |
|
Dividends Credited |
Quarterly |
|
Dividend Period |
Calendar Quarter |
|
Minimum Opening Deposit |
$25.00 |
|
Minimum Balance to Avoid Service Charge |
None |
|
Balance Method |
Average Daily Balance |
Christmas and Vacation Club Accounts
To help members save for a specific purpose, the credit union offers Christmas Club and Vacation Club accounts. You'll find that a small payroll deduction each payday will quickly add up to pay for whatever your needs are. Christmas Club accounts are revolving accounts: there is no need to re-open each year.
Truth-In-Savings Disclosure Information
|
Tier |
Annual Percentage Yield as of Last Dividend Declaration Date
|
$0.00-$99.99 |
0.00 % APY |
100.00-$19,999.99 |
0.10 % APY |
|
$20,000.00 and over |
0.10% APY |
|
Dividends Compounded |
Quarterly |
|
Dividends Credited |
Quarterly |
|
Dividend Period |
Calendar Quarter |
|
Minimum Opening Deposit |
25.00 |
|
Minimum Balance to Avoid Service Charge |
100.00 |
|
Balance Method |
Average Daily Balance |
Share Certificate and IRA Accounts
Share Certificates are available for both regular investment and retirement accounts. Dividends are credited and compounded quarterly on your average daily balance. Rates are subject to change. Contact the credit union for the most current rates.
Individual Retirement Accounts
Individual
Retirement Accounts (IRA) are similar to regular savings and certificates
of deposit; however, they are just for IRAs. They are a great, safe
way to save for retirement.
• Minimum certificate investment $1,000, and $500 for a one year
Coverdell.
• Available for Traditional, Roth, and Coverdell Education Savings
Accounts.
• Certificate dividend rates are fixed for the term of the certificate.
• APY (Annual Percentage Yield) based on the assumption that dividends
remain on deposit until the certificate matures.
• Dividends are compounded and posted quarterly.
• Subject to normal IRA regulations and account restrictions.
• Penalty for early withdrawal.
• Funds are insured up to $250,000 by the National Credit Union
Administration (NCUA).
(Not intended as tax advice. Please consult a tax
professional to determine which IRA is best for you and to determine
tax deductibility.)
|
Term |
Minimum Balance to open and earn the stated APY |
Annual Percentage Yield (APY) |
|
6 Month |
$1,000 |
.80% |
|
12 Month |
$1,000 |
1.21% |
|
24 Month |
$1,000 |
1.51% |
|
36 Month |
$1,000 |
2.01% |
|
IRA Variable |
$5 |
.50% |
|
12 Month IRA |
$500 |
1.31% |
|
24 Month IRA |
$1000 |
1.61% |
|
36 Month IRA |
$1000 |
2.11% |
Account Service Fees
The following fees may apply to all accounts.
 |
Membership Fee = $1.00 |
|
Check Cashing Fee = $10.00 per check (Assessed if savings balance is less than $100.00 and no other accounts exist. This does not apply to individuals under 21 years of age.) |
|
Account Closed within 90 days of opening = $10.00 (This fee applies only to Savings and Primary Accounts ) |
|
Certified Check = $10.00 per check |
|
Account Reconciliation/Research Fee (per hour) = $20.00 |
|
Statement Copy Fee (per page) = $3.00 |
|
Money Orders (per item) = $1.00 |
|
Faxed copies per page = $2.00 |
|
ACH & ATM NSF Return Fee = $30.00 |
|
VISA Credit Card Over Limit Fee = $20.00 |
|
VISA Credit Card Late Fee = $25.00 |
|
VISA Credit Card Plastic Replacement = $10.00 |
|
Pin Number Replacement = 5.00 |
|
Garnishment/Levy/Subpoena Processing Fee = $25.00 |
|
Verification of Deposit/Mortgage = $5.00 |
|
Payoff letters (Faxed or Mailed) = $10.00 |
|
Escheat Processing Fee = $100.00 |
|
Vehicle Lien Recording Fee = $10.00 |
|
Wire Transfer = $20.00 |
Investment Accounts
Early Investment
Withdrawal penalty for both Share Certificates and IRAs: up to $2,499.00 is
$25.00, and $2,500.00 and over is $50.00
Call the Credit Union for a paper copy or look on our website. Full Truth in Savings Disclosures are available upon request.
Additional Services
As part of your membership, the following additional services are available to you:
|
Visa Check Card |
|
Direct
Deposit - ACH #243084469 |
|
Payroll Deduction |
|
Financial
Counseling |
|
Money
Orders |
|
US
Postage Stamps |
|
Credit
Disability Insurance |
|
Credit
Life Insurance |
|
Members
Choice Insurance from CUNA Mutual Group |
|
|
|
 |
 |