Disclosures
Beginning December 1, 2018, withdrawal limitations will be in place for share savings and special savings accounts:
-
All Savings & Money Market Accounts:
Electronic Funds Transfer & Third Party Checks in Excess of 6 . . . $10/item
Pima Federal Fee Schedule
Effective December 1, 2018
Checking Account
| Free Checking (Monthly Fee) | None |
| Fresh Start Checking (Monthly Fee) | $10 |
| Insufficient Funds (per each presentment of each item including ATM/Debit) | $29 |
| Courtesy Pay | $29 |
| Stop Payment (per stop) | $29 |
All Savings & Money Market Accounts
| Electronic Funds Transfer & Third Party Checks in Excess of 6 | $10/item |
Miscellaneous Fees
| Returned Mail Fee | $5 |
| EFT Transactions: NSF Fees (per item) | $29 |
| Visa® Replacement Card (per card) | $10 |
| Visa® Express Delivery (per mailing) | At Cost |
| International Service Assessment Fee | At Cost |
| Account Closed Within 6 Months | $20 |
| Deposited Check Accepted for Collection (per item) | $15 |
| Cashier’s Check (per check) | $2 |
| Cashier’s Check Stop Payment-Plus Indemnification Agreement (per stop) | $29 |
| Returned Deposited Item Fee (per item) | $29 |
| Inactive Account (after 1 year of inactivity; waived for minors) | $10/month |
| Wire Domestic-Outgoing | $20 |
| AZ Vehicle Title Fee (plus MVD and third party costs) | $10 |
|
Out-of-State Vehicle Title Fee (plus MVD and third party costs)
|
$100 |
| Reconveyance Fee | At Cost |
Safe Deposit Boxes
| Key Deposit (per box) | $20 |
| Drilling of Lock (per box-Actual Cost) | Min. $100 |
| Lost Key (each) | $20 |
Annual Rental (per box):
| 3" x 5" box – $25 | 5" x 10" – $65 |
| 5" x 5" box – $37 | 7" x 10" – $80 |
| 3" x 10" box – $45 | 10" x 10" – $105 |
Reg D Frequently Asked Questions (FAQ)
What is Regulation D (Reg D)?
Reg D is a federal regulation that limits the number and type of withdrawals from Savings, Additional Savings or Money Market Accounts to six per month (per account).
What is the purpose of Reg D?
The purpose of Reg D is to regulate the level of reserves a financial institution maintains. The required reserve amount for each financial institution is based on the balances it has in its transactional accounts, such as Checking Accounts.
What policy change is Pima Federal Credit Union making to comply with Reg D?
Effective December 1, 2018 overdrafts from Savings or Money Market Accounts to cover debit card transactions will be included in the six withdrawals permitted under Reg D. Therefore, debit card transactions that attempt to draw from a Savings or Money Market Account when there are insufficient funds in checking – beyond the six permitted each month – will be denied, unless other forms of overdraft are set up on the account.
How does Reg D affect my account?
If you have a Pima Federal Savings or Money Market Account and frequent withdrawals are made from any one of those accounts to cover overdrafts from your Checking Account, Reg D withdrawal limits could possibly result in denied debit card transactions on your account.
When does the Reg D counter reset?
The Reg D counter resets at the beginning of each month, bringing the debit card counter and the ACH/draft counter back to zero.
What types of transactions are counted toward the 6 (six) transfers permitted each month?
The types of transactions that count toward the 6 (six) transfers permitted each month under Reg D include:
- ACH transfers from a Savings or Money Market Account to another financial institution or third party for payment by means of a preauthorized or automatic transfer, telephone agreement, order or instruction (e.g. Phone or Online Banking, etc.).
- Withdrawal checks issued from a Savings or Money Market Account via Phone/Online Banking when made payable to a third party
- Phone/Online Banking transfers from a Savings or Money Market Account to any other Pima Federal account
- Automatic transfers from a Savings or Money Market Account to cover checks, ACH, or EFT (overdraft protection)
- Checking Account Debit Card transactions which overdraft from a Savings or Money Market Account when funds in the Checking Account are insufficient.
- Recurring scheduled transfers from a Savings or Money Market Account to any other Pima Federal account.
What types of transactions are not counted toward the 6 (six) transfers permitted each month?
The types of transactions that are not counted toward the 6 (six) transfers permitted each month under Reg D include:
- Withdrawal checks issued via Phone/Online Banking when made payable to the member and mailed to the member
- Any transfer for the purpose of repaying a Pima Federal loan
- Transfers among accounts of the same person when made by mail, ATM or in person
- Debit Card transactions that don’t trigger overdrafts from Savings or Money Market Accounts
How can I make a transfer if I have exceeded Reg D?
To make a transfer after Reg D has been exceeded, you can:
- Transfer the money at an ATM
- Complete the transaction in person with a teller
If I have two Savings Accounts, am I limited to 6 transactions for each account or 6 in total for both?
Each month you are permitted 6 transfers from each Savings Account.
Do ATM transfers from Savings and Money Market Accounts count toward Reg D?
No, ATM transfers will not count toward Reg D.
Nationwide Mortgage Licensing System & Registry
The Nationwide Mortgage Licensing System & Registry (NMLS) is a free service for consumers to confirm that mortgage companies and mortgage professionals are licensed in accordance with the S.A.F.E. Act (Secure and Fair Enforcement for Mortgage Licensing Act). This federal registration system requires individual employees of agency-regulated institutions who engage in the business of residential mortgage loan origination to register with NMLS. The Registry allows consumers to verify that the mortgage originators with whom they may do business are indeed registered and in compliance with the regulation. Below is the list of Pima Federal Credit Union individuals who are listed with the Registry along with their respective NMLS ID numbers.
Pima Federal Credit Union #408885
| Aleman, Hector 693839 |
Amstutz, Scott 470683 |
Barfield, Michaela 1630727 |
Barraza, Juan 1529646 |
Campano, Cindy 684487 |
|---|---|---|---|---|
| Castaneda, Bernadine 1523187 | Coalter, Margaret 1523186 |
Contreras, Irvyn 1696096 |
Dixon, Ann 1733724 |
Enriquez, Paula 1235574 |
| Fisher, Raul 1576663 |
Garcia, Andrea 801604 |
Garcia, Charlotte
1776294
|
Grajeda, Sonia 791480 |
Haller, Mario 568640 |
| Hernandez, Belmont 1523193 | Hernandez, Rosa 1576662 |
Jeter, Patrice 1544398 |
Knight, Mariah 1637465 |
|
| Linarez, Andrea 1544397 |
Loker, Holli 1523189 |
Lopez, Amy 1523192 |
Louis, Iris 525676 |
Luna, Terry 528931 |
| Mahoney, Lynda 1630726 |
Martinez, Liz 1274175 |
Mehl, Kim 1496423 |
Montes, Lizette 1718629 |
Moya, Tammy 1140873 |
| Newell, Nancy 1544396 |
O’Hagin, Daniel 1630725 |
Oaks, Christopher 1186027 |
Orlosky, Mikayla 1733723 |
Quinonez, Joni 729196 |
| Rodriguez, Rebecca 487160 |
Snyder, Chelsea 1696095 |
Stewart, Adam 697412 |
Tellez, Naomi 525717 |
|
| Zarate, Diana 801619 |
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