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 Services



Financial Services


TAFCU provides the following services to its members:
Financial Services
Loan Services
Teller Line 24-Hour Audio Response
24-hours Internet Banking............Free

If you every have questions or concerns about the integrity of your account information, please contact us.

Accounts:

Loans: To learn more about the term, loan amount, rates, eligibility & requirements for each type of loans, please click Rates to the Rates Page for detailed information.

Savings Account:

  1. $100 minimum to open an account
  2. $100 minimum daily average balance to avoid a service fee
  3. $100 minimum daily average balance to earn dividends
  4. Dividends are calculated daily
  5. Savings and Special Share accounts, the Dividend rates change quarterly.
  6. Dividends credit quarterly.
  7. Accrued dividends will not be paid when account closed before dividends are credited
  8. Quarterly statement
  9. Free 24-hour ARU services

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Checking (Share Draft) Account:

  1. Required to open a savings account with a $100 minimum balance
  2. $500 minimum to open a Checking (Share Draft) account plus check printing expense.
  3. $500 minimum daily average balance to avoid a service charge
  4. $500 minimum daily average balance to earn dividends
  5. Dividends credit monthly.
  6. Accrued dividends will not be paid when account closed before dividends are credited
  7. No fee will be assessed on first 50 cleared checks fee each month. Check process above the 50 checks threshold will be assessed $0.15 fee per check
  8. Monthly statement
  9. Free 24-hour ARU services

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Small Business Checking (Share Draft) account:

Same as regular checking account except:

  • Business owner also a Credit Union member
  • No fee will be assessed on first 50 cleared checks fee each month. Check process above the 50 checks threshold will be assessed $0.20 fee per check
Certificate of Deposit (CDs): allow members to save money by locking into our higher dividend rates.

Regular CD
  1. Minimum balance: $10,000
  2. Term: 1year to 5 years
  3. Dividends: Refer to the Rate and Fee Schedule for current rates.Dividends are calculated and paid yearly.
  4. Withdrawal penalty: A penalty will be imposed if the member withdraws any of the funds in the CD within the first six days after the account is opened. The penalty will equal seven day's interest on the account.1 year CD: The early withdrawal penalty will equal 90 day’s interest2-5 year CD: The early withdrawal penalty will equal 180 day’s interest
  5. The Certificates will automatically credit to own savings account.
Jumbo CD
  1. Minimum balance: $95,000
  2. Term: 1year to 5 years
  3. Dividends: Refer to the Rate and Fee Schedule for current rates.Dividends are calculated and paid yearly.
  4. Withdrawal penalty: A penalty will be imposed if the member withdraws any of the funds in the CD within the first six days after the account is opened. The penalty will equal seven day's interest on the account.1 year CD: The early withdrawal penalty will equal 90 day’s interest2-5 year CD: The early withdrawal penalty will equal 180 day’s interest
  5. The Certificates will automatically credit to own savings account.

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New Auto Loan

The standard program is 100% or 90% financing of driving out price. Co-makers may be used to further secure the loan. TAFCU new auto loans are available to members in good standing. Financing is available for up to 84 months on vehicles over $5,000.00 with maximum loan amount of 60,000.

Used Auto Loan

Financing is available up to 75%-90% of purchase price or the NADA retail value (whichever is lower). Loans may be made for any used vehicle six years old or less. The loan amount and the term are varied with how many years vehicle in service.

Signature Loan

Signature loan is unsecured loan. It is designed exclusively for TAFCU members. Maximum signature loan amount usually for membership of 12months or longer is $10,000.00 and for new member is $5,000.00 for a term of 36 months.

Share Loan

A Share Loan is an excellent loan to members who maintain adequate deposits and use their shares as collateral for a low cost loan. Members may pledge eligible savings held on deposit at TAFCU. Funds Are available for withdrawal as long as those funds are not pledged as collateral against a Share Loan. The maximum loan amount is 95% of the share balance.

Education Loan

Financing is available up to $20,000.00 per semester, $20,000.00 per year and $80,000.00 per student for the whole school life. Term is up to 72 months. Proof of student status is the requirement. Applicant must be at least 18 years old and attends the accredited post secondary school or university in U.S. Applicant and co-maker are members in good standing.

Home Improvement Loan

Loans will be made against the member’s primary residence only, which must be located in the State of Texas. Any required appraisals, title searches and/or legal fees are at the member’s expense. Terms may not exceed 60 months. Maximum loan is $40,000.

Home Mortgage Loan

The Home Mortgage Loan will be made to the primary residence only. Loan amount is 80% of appraisal value or sales price. Maximum loan amount is $230,000.00. The term is 15 years.

Home Equity Loan

This is a closed-end loan secured by the borrower’s equity in their homestead. The Home Equity Loan will be made to the primary residence only. Loan amount is 75% of fair market value. Maximum Loan amount is $100,000.00. Term is 5 or 10 years.

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For general information or other questions: tafcu5885@gmail.com

Copyright 2007 - Taiwanese American FCU