To comply with regulatory obligations under the California Consumer Privacy Act (CCPA), Travis Credit Union (TCU) is required to notify individuals who are parties to accounts/loans of the categories of personal information that TCU may collect and how the personal information may be used.
Important information about procedures for establishing a new account:
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, 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 information.
- We will ask you to disclose if you are subject to backup withholding per (IRC SEC 3406(a)(1)(c).
- E.g. State issued Driver's License/ID, Passport.
- If the address on your government-issued ID is not current.
- A PO Box is not valid.
- Youth will be Primary Owner.
- If the joint owner is someone other than the parent/legal guardian, parental consent must be obtained.
- If 14 years and older, consent by a Parent/Guardian and valid ID.
Share Savings Accounts
View the current Annual Percentage Yield (APY). Rates may change at any time without prior notice, before or after the account is opened. Fees could reduce earnings on the account.
A quarterly low balance fee is assessed if you are over 21 years of age, your combined average quarterly balances in your savings, money market, IRAs, checking and certificates owned by the same member are less than $100 and you have no outstanding TCU loan balances. The fee will also be waived regardless of balance if you have direct deposit of $500 or more each month or there are three or more monetary transactions per month of $10 or more each on your checking account.
Investor Checking
View the current Annual Percentage Yield (APY). Rates may change at any time without prior notice, before or after the account is opened. Fees could reduce earnings on the account.
A minimum checking balance of $2,500 or a combined checking, savings, money market and/or certificate accounts balance of $5,000 or more required to avoid the monthly $7.50 fee. (Combined balance does not include IRA savings or IRA certificates.)
End-of-day balances will earn different daily dividend rates depending on the applicable tier. For example, for Investor Checking, if your end-of day balance is $7,000, you would earn the dividend rate for the $5,000 to $9,999.99 balance range for that day on the entire balance and if next day your end-of day balance is $1,000, you would earn the dividend rate for the $1,000 to $4,999.99 balance range for that day on the entire balance. No dividends will be paid on any day your balance falls below $1,000.
Money Market Accounts
View the current Annual Percentage Yield (APY). Rates may change at any time without prior notice, before or after the account is opened.
Certificates
View the current Annual Percentage Yield (APY). Rates may change at any time without prior notice, before or after the account is opened. Fees could reduce earnings on the account.
A penalty is imposed for early withdrawal. Please see the Deposit Agreement and Disclosures for details.
We will send you a maturity notice prior to renewal. Please read it carefully. We may change the type, term or other feature of your certificate by giving you notice. If we make a change, we tell you about the change in the maturity notice.
TCU-NAO rev. 07/24