RATES and FEES
eFFECTIVE oCTOBER 2, 2017
GCT to be added unless otherwise stated
TYPES OF SERVICES |
FEES |
v Bill of Sale |
v $10,000.00 (GCT included ) Plus Managers cheque $375 |
v Legal Mortgage |
v 1% Under $5M & .75% Above $5M Plus (Managers cheque $375) |
v Title & Caveat Search |
v $1,000.00 Plus NLA Charges |
v Noting Interest on Insurance |
v $1,000.00 Plus Insurance Charges |
v EGOV Search for Car Documents (If not provided annually by member) |
v $1,000.00 |
v Pledging of Shares |
v $1,500.00 Plus Brokers charges |
v Assignment of life Policy/Creditor life |
v $1,000.00 Plus Insurance Co. charges |
v Release of Assignment of Life Policy |
v $1,000.00 Plus Insurance Co Charges |
v Requesting Life Policy for Withdrawal |
v $1,000.00 |
v Commitment Fee for Loans Fully Cash Secured @ CU |
v $4,000.00 |
Loans up to $999,999.99 |
v 2% (Minimum $4,000.00) |
Loans $1M and over |
v 1.75% |
v Loan Refinancing |
v 1% (Minimum $4,000.00) After 1 year |
v Pay Day Loans |
v Minimum $1,500.00 or 7.5% Whichever is greater |
v Status Letter |
v $850.00 |
v Statement Request |
v $1,000.00 |
v Embassy Letter |
v $1,000.00 |
v Credit Report |
v 1,500.00 |
v Credit Bureau Report |
v $1,933.00 (G.C.T. included) |
v To Enter Satisfaction of Bill of Sale |
v $1,500.00 Plus (NSPPA & MGRS CHQ $875.00) |
v Letter of Undertaking (without a loan) |
v $5,000.00 |
v To prepare discharge (COT) |
v $3,000.00 Plus (NLA $1,000.00 & MGRS CHQ $375.00) |
v Letter to Borrow Title |
v $1,000 Plus (1st Mortgagee fee) |
v Lending out of Title |
v $1,500.00 |
v Photocopying for Members |
v $100.00 per page |
v FIP Death Claim Processing |
v $500.00 |
v Standing Order |
v $100.00 (G.C.T. included) |
v EGOV Search (TRN & DL |
v $200.00 |
v Managers Cheque Requested by members |
v $500.00 |
v Research Charge |
v $900.00 1st hour & $600.00 after |
v Delinquency Notice/Reminder Letter |
v $250.00 |
v Phone Calls to Delinquent Members |
v $200.00 |
v Internal Withdrawal (1 free per month) |
v $100.00 |
v Letter of Hypothecation |
v $2,500.00 |
v Closed Account (before 6 months) |
v $500.00 |
v Replacement/Duplicate cheque |
v $250.00 |
v Returned Cheque |
v $250.00 Plus (Bank charges) |
v Late payment |
v $500.00 per day |
v Stop payment/Cancellation of cheque |
v $250.00 Plus (Bank charges) |
v Emergency withdrawal |
v $200.00 |
v Telegraphic Transfer |
v $1,000.00 Plus (Bank charges) |
v RTGS Transaction |
v $500.00 Plus (Bank Charges) |
v Regular Loans Compulsory savings |
v $4,000.00 monthly |
v Pay Day Loans Compulsory Savings |
v $2,000.00 |
v Unsecured Pensioners Loans compulsory Savings |
v 5% of loan amount divided by 12 (Minimum $4,000.00) |