Loan rates are as of  March 26, 2025, subject to change daily. Katahdin Federal Credit Union is an Equal Housing Lender and an Equal Credit Opportunity lender

Additional Disclosures

Loan rates are as of  March 26, 2025 subject to change daily. Katahdin Federal Credit Union is an Equal Housing Lender and an Equal Credit Opportunity lender.

Share, Club, IRA, Share Draft, and Certificate rates are as of  March 26, 2025    APY = Annual Percentage Yield. Funds must remain on deposit until maturity to earn the stated APY. Fees may reduce earnings on the account. For fees that apply to the above products, please contact KFCU. Pricing subject to change without notice.

Rates are Subject to change. Except as specifically described, the following disclosures apply to share (saving), club (Christmas, Vacation, Special), Share Draft (checking), and IRA share accounts.

1. Rate Information. The Dividend Rate and Annual Percentage Yield on your accounts is as of the last Dividend Declaration Date. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of Compounding for a 365-day period. The Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union's Board of Directors.
2. Nature of Dividends. Dividends are paid from current income and available earnings after providing for the required reserves.
3. Compounding and Crediting. The Dividend Period begins on the first calendar day of each month and ends on the last calendar day of each month.
4. Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
5. Balance Information. Dividends and minimum balances are calculated by the Average Daily Balance method which adds the full amount of principal in the account each day in the period and divides that figure by the number of days in the period and applies a periodic rate to the result.
6. Account Limitations. The account limitations for each account are set forth above. For a Share Savings account in which transfer limitations apply, no more than six (6) pre- authorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed.

Truth-In-Savings Account Disclosure
Except as specifically described, the following disclosures apply to all of the above accounts.

1.   Rate Information. The Annual Percentage Yield as the last Dividend Declaration Date is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for the term of the account. For all Certificate accounts, the Dividend Rate and the Annual Percentage Yield are fixed and will be in effect for the term of the account. The Annual Percentage Yield is based on an assumption the dividends will remain on deposit until maturity. A withdrawal will reduce earnings.
2. Nature of Dividends. Dividends are paid from current income and available earnings after providing for the required reserves. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
3. Compounding and Crediting. The Dividend Period begins on the first calendar day of each month and ends on the last calendar day of the month.  Credited dividends may be withdrawn without penalty but will reduce earnings and APY.  The Annual Percentage Yield (APY) is based on an assumption the dividends will remain in the account until maturity.
4. Balance Information. Dividends are calculated by the average daily balance method which adds the full amount of the principal in the account each day in the period and divides that figure by the number of days in the period and applies a periodic rate to the result.
5. Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
6. Maturity. Your account will mature within the term set forth above or the maturity date set forth on your Certificate or Maturity Notice. The Credit Union will give the owner (s) at least 30 days' notice prior to maturity.
7. Early Withdrawal Penalty. We may impose a substantial penalty if you withdraw any of the principal before the maturity date, or the renewal date, if this is a renewal account.
8. Amount of Penalty. For Certificate accounts with terms up to 36 months, the amount of the early withdrawal penalty on your account is 90 days dividends. For certificates with terms of 37-48 months, the amount of the early withdrawal penalty on your account is 180 days dividends. For certificates with terms of 49-60 months, the amount of early withdrawal penalty on your account is 270 days dividends.
9. How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would have been earned on the account. It applies whether or not the dividiend has been earned. In other words, if the account has not yet earned enough dividends, or if the dividend has already been paid, the penalty will be deducted from principal.

Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:

1. When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
2. Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment; or where the account is a Keogh Plan (Keogh) provided that the depositor forfeits an amount at least equal to the simple dividends earned in the amount withdrawn, or whether the account is an IRA or Keogh and the owner attains age 59 ½ or becomes disabled and has elected periodic payments

Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure an obligation of the owner, except obligations with the Credit Union. The rates and yields appearing in this rate schedule are accurate and effective for accounts as of the date of the last update. If you have any questions or require current rate information on your accounts, please call KFCU at 207-723-9718 or 800-451-9145