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Disclosures

New members are subject to a $7 membership fee (waived for Kids Club savings accounts) and $5 initial Share deposit prior to opening any additional deposit account or entering into any loan agreement.

Debit Mastercard® Benefit Guides

Platinum Debit Mastercard Benefit Guide
World Debit Mastercard Benefit Guide

Debit Rebate 

Enrolled Members must spend $6,000 in eligible signature-based purchases (transactions not requiring a PIN) in a calendar year to qualify for cash back. Once the $6,000 annual minimum is met, you will earn cash back equal to 0.50% of the entire amount of eligible signature-based purchases for goods and services paid for with your TCU Debit Mastercard. Maximum annual cash back amount is $500.

Rebate Redemption: Rebates may be redeemed any time the accumulated rebate balance reaches a minimum of $30. Rebates may be redeemed: online, by logging into TCU Online Banking or in person, by visiting the nearest service center location; or, by sending a written request to Teachers Credit Union Member Services Department, P.O. Box 1395, South Bend, Indiana 46624-1392.

Mobile Wallet

Google Pay is a trademark of Google LLC.  Android, Google Pay, and the Google Logo are trademarks of Google LLC. Google Pay works on Android devices running KitKat 4.4 or higher. Apple Pay is a trademark of Apple Inc., registered in the United States and other countries. Apple Pay works with iPhone 6s and Apple Watch. Samsung Pay and the Samsung Pay logo are trademarks of Samsung Electronics Co., Ltd.

ATMs

TCU Members receive free use of AllianceOne and CO-OP ATMs within Indiana. A $2 foreign transaction fee applies to Alliance One and CO-OP ATMs outside of the state.

Debit Assurance

Debit Assurance applies only to individual debit card transactions. It does not affect recurring debit card transactions (those for which you have set up your debit card as an automatic payment) or purchases made through checks or ACH transactions. Debit Assurance does not approve transactions that will take your account below a negative balance of $500. A fee (or fees) will be charged if your account balance is negative. If you choose not to opt in for Debit Assurance, TCU is required by law to decline transactions when your account balance is insufficient. Standard overdraft/insufficient funds fees still apply if your account balance falls below $0.

The Monthly Service Fee for the Advantage Share Draft Checking account is $7, of which $2 will be waived if your monthly statement is delivered as an eStatement. Other fees may apply as described in the common features. $50 minimum to open with no minimum balance.

A $100 Mortgage origination fee discount is available, as is a 0.25% loan discount is available on direct, closed-end, consumer loans only (excluding indirect, commercial, mortgage and lines of credit).

Special Insurance Program Notes: The descriptions herein are summaries only. They do not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Insurance is offered through the company named on the certificate of insurance. Insurance products are not insured by NCUA or any Federal Government Agency; not a deposit of or guaranteed by the credit union or any credit union affiliate. 

The Monthly Service Fee for the Performance Share Draft Checking account is $2, which will be waived if your monthly statement is delivered as an eStatement, OR you maintain monthly combined balances of $2,500 in Deposits, Loans and/or Investments, OR conduct ten (10) transactions per month. $50 minimum to open with no minimum balance. Other fees may apply as described in the common features.

The Monthly Service Fee for the World Share Draft Checking account is $10, of which $2 will be waived if your monthly statement is delivered as an eStatement. The full $10 fee will be waived with combined balances of $100,000 in Deposits, Loans and/or Investments. $50 minimum to open with no minimum balance. Other fees may apply as described in the common features.

Earned dividends are tiered based on average monthly World Checking Account balance. They are compounded and paid monthly.

A $100 Mortgage origination fee discount is available, as is a 0.25% loan discount is available on direct, closed-end, consumer loans only (excluding indirect, commercial, mortgage and lines of credit).

Special Insurance Program Notes: The descriptions herein are summaries only. They do not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Insurance is offered through the company named on the certificate of insurance. Insurance products are not insured by NCUA or any Federal Government Agency; not a deposit of or guaranteed by the credit union or any credit union affiliate.

Registration/activation required. See guide to benefits for more information. IDProtect is a personal identity theft protection service available to account owners and their joint account holders. The service is available to non-publicly traded businesses and their business owner(s) listed on the account and their eligible family members (service not available to employees or authorized signers who are not owners). For revocable grantor trusts, the service is available only when a grantor is serving as a trustee and covers the grantor trustee(s). For all other fiduciary accounts, the service covers the beneficiary, who must be the primary member (fiduciary is not covered). Service is not available to a "signer" on the account who is not an account owner. Service is not available to clubs, organizations and/or churches and their members, schools and their employees/students.

Visa® Gift Cards

Contact your local TCU Service Center for terms and conditions. Card is issued by MetaBank®, member FDIC, pursuant to a license from Visa U.S.A Inc. Can be used everywhere Visa debit cards are accepted. Valid only in U.S. No cash access.

Visa® Pre-Paid Cards

The Visa® Prepaid Card is issued by MetaBank®, member FDIC, pursuant to a license from Visa®, U.S.A. Inc. The Visa® Prepaid Reloadable Card is issued by Metabank®, Member FDIC, pursuant to a license from Visa, U.S.A. Inc. See Terms and Conditions at www.myprepaidbalance.com. Standard message and data rates may apply, subject to identification verification.

Minimum to open a standard-term Share Certificate or IRA Certificate is $1,000, but may differ based on term and rate offered by a specific certificate. Special terms and rates may be available. Check the Deposit Rates for details. Dividends are compounded monthly. Account is subject to early withdrawal penalty, which may reduce earnings. Current rates are subject to change. All Certificate accounts are under the terms and conditions of their respective TCU Certificate account.

The dividends earned are tiered based on average monthly Choice Savings Account balance. They are compounded daily and paid monthly. Fees may apply as described in the common features.

By enrolling in the TCU Everyday Savings Program, you authorize TCU to initiate electronic fund transfers from your designated share draft account(s) that have TCU Debit Cards to a designated share account. You authorize TCU to round up the amount of any PIN- and/or signature-based purchase price from the corresponding share draft account(s) to your designated share account. Electronic withdrawals from your share draft account(s) and electronic deposits to your share account will be labeled as "Your Everyday Savings Transfer." TCU HSA Accounts, TCU Business Accounts, TCU Share Certificate, TCU IRA Share and IRA Share Certificate Accounts are not eligible for Everyday Savings.

Each business day, TCU aggregates the rounded-up amount of all the previous day's PIN- and/or signature-based purchases from your designated share draft account(s) that have TCU Debit Cards, and will make a withdrawal of the rounded-up funds from each corresponding share draft account(s) and deposit a matching amount into your designated share account. If on any day you do not have sufficient funds available in your designated share draft account(s) equal to the rounded up amount, or if any transaction has overdrawn your designated share draft account(s), TCU will not initiate the transfer of the rounded-up funds to your designated share account on that business day. However, TCU may transfer rounded-up funds on a business day, which may subject you to Overdraft and/or Courtesy Pay fees equal to the amounts listed on TCU's Fee Schedule if you have outstanding transactions that have not been reconciled. No partial transfers will be made. The TCU Everyday Savings Program will not use any TCU overdraft protection program to initiate a transfer of any rounded-up funds.

If any PIN- and/or signature-based purchase is subsequently cancelled or reversed, the corresponding transfer of rounded-up funds will remain in your designated share account. TCU reserves the right to cancel the TCU Everyday Savings Program at any time upon 30 days' written notice to you. You may opt out of participation in the TCU Everyday Savings Program  at any time by providing us with verbal or written notice. If you provide us verbal notice, we may request notice in writing.

The TCU Everyday Savings Program links to any designated share draft accounts underneath your membership that have TCU Debit Cards. Furthermore, you may only elect one (1) designated share account for your rounded-up funds to be transferred to.

Interest is compounded monthly and paid monthly. See a TCU Representative for maximum contribution amounts and catch-up amount for participants over 55 years of age. Fees and restrictions may apply as described in the common features.

Dividends earned are tiered based on average daily Premium Money Market Account balance. They are compounded daily and paid monthly. Fees may apply as described in the common features. 

Dividends earned are tiered based on average daily Primary Share Account balance. They are compounded daily and paid monthly. Fees may apply as described in the common features. 

TCU Visa Platinum

After the 12-month promotional period ends, APR will vary based on the Prime Rate and creditworthiness.
For more information, view the Credit Card Agreement.

TCU Visa Platinum Rewards

APR will vary based on the Prime Rate and creditworthiness. For more information, view the Credit Card Agreement.

Compare Cards

For more information about both cards, including fees and other details, can be found here.

Auto Rental Collision Damage Waiver Benefit Guide

Your TCU Visa Platinum/Platinum Rewards card provides reimbursement for damage due to collision or theft up to the actual cash value of most rental vehicles. Details of the damage waiver benefit can be found here.

Finance up to 90% home value less outstanding mortgage for qualified borrowers.

Minimum loan amount $5,000. APR is Annual Percentage Rate, and is subject to change without notice. A Home Equity Line of Credit (HELOC) is a variable-rate product. APR adjusts to an amount equal to the Prime Rate less 0.260%, with a floor rate of 3.75% (subject to change).

Maximum allowable APR 12.00%. Term is 5-year draw period with 8-year repayment. If you make the minimum monthly payment during the term of your loan on or before the due date, the loan will be paid in full after the repayment period ends. Payments are 1% of the outstanding balance during draw period or $50, whichever is greater. HELOCs subject to a minimum finance charge of 50 cents and $25 annual fee. Contact a TCU Representative for details.

Consult your tax advisor about the deductibility of interest.

Please see our Terms and Conditions

30-year Conventional Fixed-Rate Mortgage

APR is Annual Percentage Rate. At a 4.250% interest rate, the APR for this loan type is 4.334%. The monthly payment schedule would be:

  • 359 payments of $787.10 at an interest rate of 4.250%
  • 1 payment of $788.48 at an interest rate of 4.250%

The above information assumes the loan purpose is to purchase an existing single-family home, to be used as a primary residence, with a loan amount of $160,000 and an estimated property value of $200,000 in South Bend, IN (St. Joseph County). The rate-lock period is 45 days and the assumed credit score is ≥740. Any change to the loan scenario above could impact the rates, payments and fees associated with your mortgage. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

First-Time Homebuyer Loan

APR is Annual Percentage Rate. At a 4.250% interest rate, the APR for this loan type is 4.790%. The monthly payment schedule would be:

  • 116 payments of $1,065.91 at an interest rate of 4.250%*
  • 243 payment of $954.36 at an interest rate of 4.250%
  • 1 payment of $955.54 at an interest rate of 4.250%

The above information assumes the loan purpose is to purchase an existing single-family home, to be used as a primary residence, with a loan amount of $194,000 and an estimated property value of $200,000 in South Bend, IN (St. Joseph County). The rate-lock period is 45 days and the assumed credit score is ≥740. Any change to the loan scenario above could impact the rates, payments and fees associated with your mortgage. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

* The monthly payment amounts quoted include the mortgage insurance premium. Generally, mortgage insurance is required if you are making a down payment of less than 20% of the home's value or purchase price.

Ajustable-Rate Mortgage (ARM)

APR is Annual Percentage Rate. At a 3.875% initial interest rate, the APR for this loan type is 4.825%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

  • 60 payments of $752.38 at an interest rate of 3.875%
  • 299 payments of $865.44 at an interest rate of 5.250%
  • 1 payment of $866.92 at an interest rate of 5.250%

The above information assumes the loan purpose is to purchase an existing single-family home, to be used as a primary residence, with a loan amount of $160,000 and an estimated property value of $200,000 in South Bend, IN (St. Joseph County). The rate-lock period is 45 days and the assumed credit score is ≥740. Any change to the loan scenario above could impact the rates, payments and fees associated with your mortgage. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Primary member must be 14 to 23 years of age to qualify for the Student Rewards Checking Account and receive rewards. If you are under the age of 18, a parent or guardian must be on the membership and account. Only one Student Rewards Checking per membership. All rewards will be deposited into the Student Rewards Checking Account.

$25 TCU Financial Empowerment Program Reward — Complete the program through a participating school, college or self-study (Solo). Receive a passing score on each module/course. Present your program/course Completion Certificate to a TCU Service Center to receive the one-time reward.

$10 TCU No Overdraft Reward —  To receive reward, you must not have incurred an overdraft on your account for a period of 12 consecutive months beginning with the account opening date each year.