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Midwest America FCU: Possible $5 A Month Fee Added To Share Account

Tuesday, December 10, 2013 - 8:00 AMMidWest America Federal Credit Union - Details
Important Notice about your Share Account

Over the past several months, a team of employees of MidWest America FCU has researched and reviewed our pricing structure for share accounts.

This was conducted so that we could continue to offer free checking accounts and minimal fees on other accounts for our loyal members. It was determined that in order to maintain this level of service, some modifications would be necessary.

These changes will not affect the majority of members.

Effective December 31, 2013, a monthly fee of $5.00 will be assessed to those accounts who do not meet ONE of the following conditions:

- The account belongs to a member who is under the age of 18.

- The account has an open loan.

- The average account balance was $500 or greater for the previous two months.

- You have an active checking account (the account has 5 or more checking transactions each month)
AtlantaWolfAtlantaWolf40 posts since
Jan 16, 2010
Rep Points: 187
1. Tuesday, December 10, 2013 - 9:51 AM
An RCA rate history of falling from grace:

Rate History (Now 1.66%, $15K) :
  • 03/02/11: 2.51% APY up to $15K
  • 11/01/10: 2.41% APY up to $25K
  • 06/01/10: 2.61% APY up to $25K; 076% APY over
  • 03/31/09: 3.51% APY up to $25K; 1.01% APY over $25K
  • 01/30/09: 5.11% APY
  • 10/01/08: 6.31% APY
  • 02/03/08: 7.01% APY up to $25K; 1.51% APY over $25K; 0.11% if requirements not met
Now taking lead to charge monthly fees on Share account.  Sad!

51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427