Tuesday, April 30, 2013
REMINDER: New fees imposed. Click here for our new fee schedule.
As you know, NH Federal Credit Union is a not-for-profit, financial cooperative owned by our members, with a Board of Directors made up of volunteers responsible for assuring the vitality of the Credit Union for all of its members/owners.
For the last three years, we have been tremendously successful providing below-market rates for mortgages and consumer loans to help members reduce monthly expenses. Since 2009, members have saved more than $6 million by bringing their mortgages to us. Members who bring their auto loans to us are saving significant sums of money as well. Since January 2012, members saved more than $350,000 by bringing their auto loans to NHFCU.
Effective May 1, 2013, a new fee schedule has been implemented. The Board of Directors reviews the fee schedule annually. Their objective is not to charge fees for the sake of it, but, to provide the best possible services for all of NHFCU’s members with equitable pricing. This new fee schedule contains changes to just three of our current fees, along with the addition of two “new” fees for handling things like coin processing and unblocking debit cards.
Our below-market loan rates have proven incredibly beneficial for our members. Given the choice to increase rates or fees, the Board of Directors determined that our low loan rates were much more beneficial to members, especially in these difficult economic times.
A copy of the new fee schedule can be viewed and downloaded by clicking here: Fee Schedule