FEES & DISCLOSURES

FEES & DISCLOSURES

Home Equity Line of Credit: APR = Annual Percentage Rate. The actual APR may be higher based on the credit worthiness of each applicant.  The Annual Variable APR is based on the Prime Rate published in the Money Rates section of The Wall Street Journal as of the first business day of February. Interest rate changes take effect on April 1st of each year the line of credit is in existence. Maximum annual increase is 2.0% APR, Maximum lifetime APR is 18%, Minimum (floor rate) APR 4.00%. Minimum loan amount is $10,000. 1- to 4-family owner-occupied properties only. This is a variable rate home equity line of credit secured by a mortgage on your home. No annual fee and no minimum balance requirement. Buffalo Service Credit Union (BSCU) will pay closing costs. If you terminate the line of credit within the first 36 months from day of closing you must repay all closing costs. All accounts are subject to individual approval. Property insurance naming BSCU as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply.

Home Equity Loan: APR = Annual Percentage Rate. The actual APR may be higher based on the credit worthiness of each applicant. Various rates apply depending on the term chosen. Terms available from 36 to 180 months on second lien position loans. 1 to 4-family owner-occupied properties only. Rates may change without notice. This is a fixed rate home equity loan secured by a mortgage on your home. All loans are subject to individual approval. Buffalo Service Credit Union (BSCU) will pay closing costs. If you pay off your loan within 36 months of closing date, you must repay all closing costs. Property insurance naming BSCU as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply.

Mini Equity Loan: APR = Annual Percentage Rate. The actual APR may be higher based on the credit worthiness of each applicant. Various rates apply depending on the term chosen. Terms available up to 120 months on second or third lien position loans. 1 to 4-family owner-occupied properties only. Rates may change without notice. This is a fixed rate home equity loan secured by a mortgage on your home. All loans are subject to individual approval. Closing costs are paid by applicant. Closing costs are generally between $360.00 and $583.00. No prepayment penalty. Property insurance naming BSCU as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply.

Funds Availability Policy

At Buffalo Service Credit Union, we know it's important that you have your funds available to use as quickly as possible, so we adhere to the following policy:

In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of deposit (or, on the same day we receive your deposit). Funds may not be available until the second business day after the day of deposit. The first $200 of your deposits, however, will be made available on the first business day after the day of deposit.

Funds you deposit by check may be delayed for a longer period under the following circumstances:

  • you have opened a new account
  • we believe the check is uncollectible
  • you deposit amounts in excess of $5,000 on a single day
  • you are re-depositing a check
  • the account has been repeatedly overdrawn
  • emergency situations, such as computer failure

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of deposit. The first $200 of your deposits, however, will be made available on the first business day after the day of the deposit.

If you make deposits before 3:00 pm on a business day, your money will be considered deposited that day. Business days exclude Saturdays, Sundays and Federal Holidays. Deposits after 3:00 pm on a business day or at any time on a non-business day will be considered to be deposited on the next business day.

Foreign check deposits may be available on the eleventh business day after the day of deposit or the check will be sent as a collection item, whereas the funds will be available upon delivery of the funds. $200 of the deposit will not be available on the next business day.

We have developed these guidelines for your protection. If you have any questions about the availability of your funds, please don't hesitate to ask one of our representatives.

Buffalo Service Credit Union Privacy Policy
NCUA Share Insurance

NCUA share insurance up to $250,000.

As a member of Buffalo Service Credit Union, you'll enjoy the peace of mind that comes with knowing your deposits are automatically insured by the National Credit Union Administration (NCUA) for up to $250,000.

The NCUA is the independent agency of the U.S. Government that is responsible for managing the National Credit Union Share Insurance Fund (NCUSIF). NCUSIF was established by Congress in 1970 to insure member share accounts against loss within specified legal limits.
NCUA protection up to $250,000 is automatically in effect on your shares here and applies to both new and old accounts.

Account and Service Fees
Service Fee
Non-Sufficient Funds Share Draft, ACH and Debit Card, Courtesy Pay Service Fee $30.00
Returned Check Deposits $30.00
Visa® Credit Card Returned Payment up to $25.00
Regulation D (transfers over 6 per month) $30.00
Stop Payment Request $25.00
Photocopy $4.00/document
Visa® Credit Card Replacement $9.00/card
Visa® Debit Card Replacement $9.00/card
Visa® Prepaid Gift Card $3.00
Visa® Prepaid Travel Money Card $9.00/card and $2.00/reload
Outgoing Domestic Wire Transfer $20.00/transfer
Outgoing International Wire Transfer $35.00/transfer
Cashier's Check in excess of 2 per month $5.00
Money Orders $1.00/item
Unknown Address $4.00/month
Protest $20.00/item
Restraining Notice or Levy $70.00/notice
Information Subpoena $70.00/notice
Collection Letter $30.00/letter
Account Research $15.00/hour
Account Interim Statement $1.00/page
Dormant Fee $6.00/month*
Early Account Closure (within 6 months) $25.00
Loan Skip-a-Payment $25.00
ATM Cash Withdrawal Fee: 2 free per month with additional withdrawals costing $ .50 each. BSCU Visa® Debit Card used at BSCU ATMs are free and not counted toward the 2 free per month.
*Accounts inactive for 3 years as of June 30th will be charged a Dormant Fee of $6.00 per month August 1st thru November 1st.
Effective 01/01/2018
PopMoney Fee Schedule
Special Purpose Bill Pay Fees Fee
Overnight Check $15.00
Same-Day Bill Payment $10.00
A2A Transaction Fee $2.00
PopMoney (P2P) Fees
Enrollment Fees $1.00
Stop Payment $20.00
Photocopy $4.00/document
E-Greetings $0.25
P2P Transaction Fees
Transaction Amount $1.00 - $249.99 $250.00 - $999.99 $1,000.00 and above
Send Money
3-Day $0.65 $0.75 $1.50
Next Day $0.85 $1.00 $2.00
Request Money
3-Day $0.65 $0.75 $1.50
Next Day $0.85 $1.00 $2.00
Effective 04/21/2016
Debit Card

On each Visa® debit card, there is a per day limit of $510.00 ($10.00 for surcharges) used at an ATM. There is also a per day limit of $1,000 used as a debit-purchase with your PIN Number. On each account, there is a limit of $2,000 for credit-signature transactions less outstanding authorizations (purchases made but not posted to your account).

Transaction Limitations

Regulation D requires that no more than six (6) preauthorized, automatic, ARU-TellerPhone, internet banking or telephone transfers may be made from your Share Savings Account, Club Accounts or IRA Accounts during any one month. If you exceed, or attempt to exceed these transfer limits, the transfer requests may be refused or reversed. A fee will be imposed on the excess transfer requests and the credit union may reclassify your account to a Share Transaction Account. Automatic transfers are made in $10 increments from your Account or Overdraft Line of Credit to cover overdrafts.

Important Information About Procedures for Opening 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 documents.