Rate and Fee Schedule

Please review this document carefully and download or print a copy for your reference. You can access a PDF version of this document that you can download or print by clicking here.

This Rate and Fee Schedule for all accounts sets forth certain conditions, rates, fees, and charges applicable to your regular share, club, share draft, and term share accounts at New Covenant Dominion Federal Credit Union (“NCDFCU,” “we,” “us,” or “our”). Recall that this schedule is incorporated as part of your Account Agreement with us. 

Regular Share (Savings) Accounts   Club (Savings) Accounts

Dividend Rate as of Last         Dividend Declaration Date




  Dividend Rate as of Last         Dividend Declaration Date 1.00%



Annual Percentage Yield (APY) as of Last Dividend                  Declaration Date 0.75% Annual Percentage Yield (APY) as of Last Dividend                  Declaration Date 1.00%
Prospective Dividend Rate 0.75% Prospective Dividend Rate 1.00%
Prospective APY 0.75% Prospective APY 1.00%
Dividends Compounded Daily Dividends Compounded Daily
Dividends Credited At close of a dividend       period. Dividends Credited At close of a dividend      period.
(No dividends will be paid on accounts closed before           accrued dividends are            credited.) (No dividends will be paid on accounts closed before           accrued dividends are            credited.)
Dividend Period Annually Dividend Period Quarterly
Minimum Opening Deposit* $20.00 Minimum Opening Deposit* $40.00
Minimum Balance* $10.00 Minimum Balance* $10.00
Minimum Balance to Obtain   APY* $100.00 Minimum Balance to Obtain   APY* $200.00
Share Draft (Checking) Accounts   Share Certificate (Term Share) Accounts
Dividend Rate as of Last        Dividend Declaration Date Not                applicable



  Dividend Rate as of Last             Dividend Declaration Date 1.00%



Annual Percentage Yield (APY) as of Last Dividend                 Declaration Date Not                applicable



Annual Percentage Yield (APY) as of Last Dividend Declaration      Date 1.00%
Prospective Dividend Rate Not                applicable Prospective Dividend Rate 1.25%
Prospective Annual                 Percentage Yield Not                applicable Prospective Annual Percentage  Yield 1.25%
Dividends Compounded Not                applicable Dividends Compounded Daily
Dividends Credited Not                applicable



Dividends Credited At close  of a         dividend period.
(No dividends will be paid on accounts closed before          accrued dividends are            credited.) (No dividends will be paid on    accounts closed before accrued    dividends are credited.)
Dividend Period Not                applicable Dividend Period Quarterly
Minimum Opening Deposit* $20.00 Minimum Opening Deposit* $1,000.00
Minimum Daily Balance* $100.00 Minimum Balance* None
Minimum Balance to Obtain  APY* Not                applicable Minimum Balance to Obtain       APY* $1,000.00

*The minimum daily balance applies only to share draft accounts & is determined by the account’s balance at the end of each business day; share draft accounts that fall below the minimum daily balance on any business day during the month are charged a maintenance fee on the last business day of the month. Minimum deposit and other minimum balance requirements differ from the requirement for NDCDFU members to maintain the par value of a share ($10) to maintain member status. Purchasing a share at par value is not the same as paying our one-time joining fee. Refer to our Account Agreement and bylaws or speak to a Credit Union employee for further info. 

Special Note for Share and Club Accounts: We reserve the right to require seven (7) days advance notice before permitting a withdrawal from all share and club accounts. Dividends are paid from current income and available earnings when declared by our board, after required transfers to reserves at the end of a dividend period. We do not guarantee that dividends will be paid to any account holder at the end of any dividend period. Dividends begin to accrue on cash deposits on the day of the deposit and on non-cash deposits (e.g., checks and electronic transfers) on the business day 

on which we receive credit for the funds. To calculate dividends and determine the minimum balance to obtain APY, we add the balance in the account for each day of the period and divide that figure by the number of days in the period (also known as the “average daily balance method”). Service fees may reduce earnings. Different dividend rules apply to term share accounts. We do not pay dividends on share draft accounts. 

Special Conditions for Term Share Accounts:

Transaction limitations; Dividends. After the account is opened, you may not make deposits into the account until the maturity date stated on the certificate. Dividends will be paid in the manner described in your certificate. 

Maturity date. Your account will generally mature after one year. However, when the term share account is used to collateralize a loan, the term of the term share account must match the term of the loan. 

Early withdrawal penalties. We may impose a penalty if you withdraw any of the funds before the maturity date. The penalty will equal three months' dividends on your deposit. The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings. 

Renewal. Your term share account will automatically renew at maturity. You will have a grace period of 10 business days after it matures to withdraw the funds in the account without being charged an early withdrawal penalty. 

Service Fees Applicable to All Accounts

One-Time Joining Fee $10.00 (Non-Refundable)
Share Draft Maintenance Fee (when minimum daily balance is not met) $3.50
ATM Fee (for withdrawals at our ATM and for deposits &     withdrawals at ATMs that participate in the Shazam® or    MoneyPass® Networks) $0 (Note: ATM operators may         charge fees for balance inquiries.  Surcharge fees apply at out-of-network ATMs).
Foreign Transaction Fee (for all international debit card       transactions) .2% per transaction
Outgoing Wire Transfer Fee – Domestic // International $30.00 per item // $45.00 per item
Overdraft Courtesy Pay Fee $25.00 per overdraft
Overdraft Protection Fee $5.00 per transfer
Deposited Items Returned Fee (when final settlement is not received) $25.00 per item
Insufficient Funds Fee (when overdraft coverage is not        available) $25.00 per item
Gift checks & expedited delivery of bill payments, P2P         transfers, and accountholder ACH transactions via Online  Banking Third-party fees; refer to               on-screen instructions when       placing order
Stop Payment Fee (for checks and eligible electronic funds transfers) $25.00 per item
Check Orders & Other Supplies Supplier’s price plus tax &             shipping
Check Cashing Fee $2.00 per check
Cashier’s Checks $3.00 per check
Rejected Check Fee (for improperly formatted checks) $2.00 per check
Check/Deposit Slip/Withdrawal Slip Photocopy Fee $2.00 per inquiry
Paper Statement Fee (does not apply to accountholders     who are over 65, under 18, or who receive eStatements) $2.00 per statement
Statement Copies Fee (for statements older than 1 year) $5.00 per statement
Incorrect Address Fee $5.00 per returned statement

Dormant Account Fee (assessed after 1 year of inactivity)

$7.00 per month
Notary Fee $2.00 per instance
Interest Rates on Consumer Loan Products   Fees Applicable to Consumer Loan Products
Unsecured Loan 5 to 18%   Non-Refundable            Personal Loan             Application Fee $40.00
Secured Loan 4% Non-Refundable            Vehicle Loan                Application Fee $75.00 
Vehicle Loan 2.5% to 18% Non-Refundable Credit Builder Loan                 Application Fee $20
Default Rate 3% above stated  rate Late Payment Fee $25.00 (for payment after 10th day of the month)
      Skip Payment                Assistance Fee



Interest Rates on Small Business

Loan Products


Fees applicable to Small Business

 Loan Products

Unsecured Loan 5% to 18%   Non-Refundable Small Business Loan               application fee $100.00
Secured Loan 4%   Origination Fee 2% - 3.5%
Vehicle Loan 2.5% to 18%   Loss Ratio Requirement Up to 3.5%
Default Rate 5% above state    rate   Late Payment fee $35.00 (for payment after 10th day of the month)

* Interest rates depend on credit. Only members of NCDFCU are eligible to apply for and receive loans.

See Our Products

We offer helpful lending solutions, convenient banking, and financial counseling services to our members.


Learn More  

Join NCD CU!

We are a member-owned, low income designated, minority depository, certified community development financial institution serving our community.


Get Started