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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. You can find more information about becoming a member here.

Debit Mastercard® Benefit Guides

Debit Mastercard Benefit Guide
Platinum Debit Mastercard Benefit Guide
World Debit Mastercard Benefit Guide
Business Debit Mastercard Benefit Guide

Debit Rebate 

Earn .50% rebate on any non-pin purchase with your TCU Debit Mastercard. Rebate is redeemable once the rebate balance reaches $30 within the calendar year. Maximum rebate per calendar year is $500. Rebate amounts must be redeemed within 3 calendar years of the year they were earned. Redeem online, at a TCU Service Center or by a mailed written request (see below). Eligible purchases do not include ATM transactions or those made using a personal identification number (PIN). Redeemed rebate amount may be subject to tax liability.

Rebate Redemption: Rebates may be redeemed any time the accumulated rebate balance reaches a minimum of $30. Rebates may be redeemed by logging into TCU Online Banking, 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 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 TCU Visa® Platinum Agreement.

TCU Visa® Platinum Rewards

APR will vary based on the Prime Rate and creditworthiness. For more information, view the TCU Visa® Platinum Rewards Agreement.

Compare Cards

For more information about both cards, including fees and other details, compare TCU VISA® Platinum Rewards .

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. Review details of the damage waiver benefit guide.

The following applies to both Home Equity Loans and Home Equity Lines of Credit

Qualified borrowers can finance up to 90% of their home's value (less outstanding mortgage balance). Home equity loans and lines of credit are for owner-occupied/second homes only. The minimum loan amount is  $5,000. APR is Annual Percentage Rate, and is subject to change without notice.

About Fees

Borrowers may be required to pay certain costs, such as processing fees, recording fees, taxes and appraisal fees (when required). TCU will pay the flood determination fee, title search fee and simple valuation.

Home Equity Lines of Credit (HELOCs)

A HELOC is a variable-rate product. APR adjusts quarterly based on the Prime Rate as published in the Wall Street Journal. APR can vary to a low of 3.75% or the Prime Rate minus 0.26% (whichever is greater) to a maximum of 12.00%.

The term is a 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 the draw period or $50, whichever is greater. HELOCs are subject to a minimum finance charge of 50 cents and $25 annual fee.

Contact a TCU Representative for details.

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.

New members are subject to a $7 membership fee (waived for members ages 17 and under) and $5 initial Share deposit prior to opening any additional deposit account or entering into any loan agreement.

ID Verification
To open your initial account and establish membership, you will be asked to provide basic documentation to verify your name, address, birth date and Social Security number. We will not be able to open your account or establish membership without proper verification. Once your identity has been verified, you won't have to re-verify it to open additional accounts in the future. However, we may ask you to provide a photo ID when conducting certain transactions at a Service Center.

We accept any of the following valid (non-expired) forms of ID:*

  • State Driver’s License
  • State-issued identification card
  • Military ID (due to government regulation Military ID's cannot be scanned or copied)
  • US Passport
  • Alien Registration Card Form I-551 (Green Card)
  • Foreign Passport with a VISA and approved I-94
  • Employment Authorization Document (EAD) Form I-766

We can accept alternate forms of ID if you do not have any of the above. Please consult a Team Member at your nearest TCU Service Center, or contact Member Services at (800) 522-4745 for more information. 

* We cannot accept matricula cards, work or student IDs for verification purposes, but they can be used as a photo ID when conducting transactions at the Service Center.


Minor Accounts
You will be asked to provide proper identification for the minor child for whom you are opening an account. In addition to providing the child's Social Security number, you will be asked to provide one of the following current (non-expired) forms of identification:

  • Birth Certificate
  • State-Issued ID card
  • School-Issued ID card

As the adult relative, you will be listed as an owner on a minor account, even though the child will be listed as the primary owner. You don’t have to be a current TCU member to open an account for a minor child.


Commercial or Business ID
All authorized signors and beneficial owners must be properly identified using items from the list of acceptable documents listed above, or TWO items from the list of acceptable alternative IDs. In addition, TWO of the following documents are required in order to verify the existence of the business:

  • Certificate of Existence
  • Retail Merchant Certificate
  • Professional License
  • Certificate of Incorporation or Organization
  • Corporate Resolution
  • Retail Business License
  • Retail Installment Sales Number

Please note that we will also perform a business entity name search on the in.gov website.