Savings Accounts
All individuals must have one of these two accounts in order to become a member.
What is Regular Share Savings (RSV) OR Premium online savings (PSV)?
The minimum opening deposit for a checking account.
What is $25?
The current dividend rate for a 3 year certificate.
What is 2.81%?
A new ______ is needed whenever ownership of an account is changing (adding or removing).
What is a signature card/application?
This is the Branch manager for the Hagatna Branch in Guam.
Who is Lynne Franklin?
This is the account which you can write checks on but is still subject to regulation D.
What is the MMSA, Money market savings account?
The member gets this many free checks upon opening a checking account.
What is 50 checks?
This form is used for early redemption of a Certificate.
What is jet form 692?
For members less than 6 months, this is the maximum cash available for a personal check. (Unrestricted account)
What is $200 available immediately, rest on 2 - Day Hold?
The CEO for PenFed
Who is James Schenck?
This is the excessive activity fee for the MMSA
What is $10?
The Overdraft line of Credit account will be accessed with this method of purchasing in a store.
What is PIN-less (Credit) transactions?
The grace period for CDs when all terms can be changed without penalty. After maturity.
What is 10 Days?
In a branch, this must be viewed prior to processing any transaction or releasing any information to any member.
What is photo ID? (DL, passport, etc)
The Director of Branch Operations.
Who is Monica Brooks?
The minimum credit score to have an unrestricted share account.
What is 565?
In order to earn dividends on the checking account you must have this.
What is direct deposit of $500 or more per month?
Members will receive this form in the mail after completing a CD in the branch. (Form number and name)
What is form 686, Certificate Agreement?
Savings accounts are limited to 6 withdrawals per month by this Regulation.
What is Regulation D?
The EVP of Operations
Who is Jamie Gayton?
The two most important reasons we pull a potential members credit before opening an account.
What is to verify identity and determine level of membership?
A Limited checking account holder is prohibited from these actions/services. (Name three) ***DAILY DOUBLE*** Worth 2x points
What is no cashing checks, ACH transfers, Free online bill pay, Mobile Deposit?
This is the penalty for early withdrawal of a 5 year CD (opened after May 2nd, 2015) if it is closed 2 years from account opening.
What is 30% of gross amount of dividends that would have been earned if the certificate had reached maturity? |
This regulation governs how we talk about interest rates on savings accounts with our members.
What is Regulation DD, truth in savings?
Chairman of the Board of Director
Who is Mr. Edward B Cody?