Disclosures, Disclaimers, and forms

Disclosures, Disclaimers & Product Terms

At First Community Credit Union, we believe financial information should be clear, honest, and easy to understand. This page includes important credit union disclosures, disclaimers, account terms, and promotional details that may apply to checking accounts, savings accounts, share certificates, money market accounts, personal loans, auto loans, home equity lines of credit, and mortgage loans. These disclosures are provided to help you better understand rates, fees, eligibility requirements, promotional terms, and other important account and loan information.

Membership eligibility is required. All accounts and loans are subject to approval, verification, underwriting, and applicable terms and conditions. Rates, terms, fees, features, eligibility requirements, promotional offers, and product availability may change or end without notice unless otherwise required by law. Additional restrictions may apply. First Community Credit Union is federally insured by the NCUA. Equal Housing Opportunity where applicable.

Checking Promotions
Checking account promotions may include limited-time offers, account bonuses, fee waivers, ATM fee refunds, early direct deposit, relationship benefits, loan discounts, and other checking account features. Account approval, identity verification, and membership eligibility are required. Some checking promotions may require a new checking account, qualifying direct deposit, debit card transactions, enrollment in eStatements or digital banking, minimum activity, minimum balance, or other qualifying requirements. Bonuses, rewards, refunds, discounts, and promotional benefits may be limited to one per member, one per account, or one per household and may not be combined with other offers unless specifically stated. Bonus payments may be reported to the IRS as dividends or other income. Early direct deposit depends on the timing of the payer’s submission of funds and is not guaranteed. ATM fee refunds, if offered, are limited to the amount and qualification requirements stated in the applicable promotion. Loan discounts connected to checking relationships are subject to credit approval, underwriting, eligible loan type, account status, and other program requirements. Some loan types may be excluded. Monthly maintenance fees and other account fees may apply unless otherwise stated. See applicable account disclosures and fee schedule for complete details.

Deposit Promotions
Deposit promotions may apply to share certificates, certificate accounts, savings accounts, money market accounts, IRA share products, and other eligible deposit accounts. Account approval and membership eligibility are required. Advertised APY is accurate as of the date stated in the applicable promotion and is subject to change without notice unless otherwise stated. Variable-rate accounts may change after account opening. Fees may reduce earnings. Minimum opening deposit requirements, minimum balance requirements, maximum balance limits, and promotional caps may apply. Promotional deposit rates may apply only to certain balances, certain terms, certain account types, or funds not currently on deposit with First Community Credit Union. Certificate promotions may require funds to remain on deposit until maturity to earn the advertised APY. A penalty may be imposed for early withdrawal from certificate accounts. Automatically renewing certificate accounts may renew at the rate then in effect at maturity unless otherwise disclosed. Additional restrictions may apply to IRA, trust, business, fiduciary, and specialty accounts. See applicable account disclosures and rate information for complete details.

Personal Loan Promotions
Personal loan promotions may apply to auto loans, auto refinance loans, recreational vehicle loans, unsecured personal loans, debt consolidation loans, share-secured loans, and other eligible consumer loan products. All loans are subject to credit approval, income verification, collateral requirements where applicable, and underwriting guidelines. Advertised APRs, rates, payment examples, terms, and promotional features are available only on approved credit and only for applicants who meet stated qualifications. Rates and terms may vary based on credit history, credit score, loan amount, loan purpose, collateral type, vehicle year, model, mileage, loan-to-value ratio, debt-to-income ratio, payment method, relationship status, and other underwriting factors. Promotional offers such as rate discounts, deferred payment options, cash incentives, refinance savings claims, payment reduction claims, or dealer or event pricing apply only if the conditions of the offer are met and may be limited to new money, loans not currently financed by First Community Credit Union, eligible collateral, eligible loan amounts, and completed funding by the stated offer expiration date. Deferred payment promotions, if offered, may extend the repayment period and increase total finance charges over the life of the loan. Interest may continue to accrue during any deferment or no-payment period unless otherwise stated. Vehicle collateral must meet First Community Credit Union eligibility requirements. Title, lien perfection, insurance, registration, dealer documentation, and other third-party requirements may apply. Existing First Community Credit Union loans may be excluded from promotional pricing unless specifically stated otherwise. See loan disclosures and promotional terms for complete details.

HELOC Promotions
Home equity line of credit promotions are subject to credit approval, underwriting, and property eligibility requirements. Property insurance is required, and flood insurance may be required. An appraisal, title work, valuation review, recording, or other third-party services may be required, and closing costs or fees may apply unless otherwise stated. If an introductory APR, margin discount, waived fee, fixed-rate conversion feature, or other promotional HELOC benefit is advertised, the offer applies only during the stated promotional period and only if all eligibility requirements are met. After any introductory period, the APR may vary based on the terms of the agreement and the applicable index and margin, subject to any stated minimum or maximum APR limits. Line amounts, draw periods, repayment periods, minimum payments, and payment examples may vary based on credit qualifications, property value, lien position, loan-to-value ratio, owner occupancy, property type, state law limitations, and other underwriting criteria. HELOC promotions may be limited to owner-occupied primary residences and may exclude manufactured homes, investment properties, certain condominiums, properties held in trust, or other ineligible collateral types unless otherwise stated. Additional conditions may apply for subordinate financing, payoff transactions, and lines secured by properties located outside First Community Credit Union’s lending area. Consult your tax advisor regarding the deductibility of interest. See the home equity agreement and promotional terms for complete details.

Mortgage Promotions
Mortgage promotions are subject to credit approval, underwriting, property approval, appraisal, title review, and all applicable program guidelines. This is not a commitment to lend. Advertised mortgage rates, APRs, points, payment examples, down payment assumptions, closing cost credits, lender-paid fee offers, float-down options, temporary buydowns, builder incentives, or other promotional mortgage benefits are available only for qualified borrowers and qualified transactions meeting the stated terms of the offer. Rates, APRs, monthly payment examples, and qualification assumptions may vary based on credit score, loan amount, occupancy, loan-to-value ratio, debt-to-income ratio, property type, loan purpose, lien position, lock period, escrow requirements, points paid, and other underwriting factors. Payments shown may not include taxes, insurance, mortgage insurance, homeowners’ association dues, or similar amounts, so actual payment obligations may be greater. Closing costs and prepaid items may apply unless expressly waived or paid as part of a stated promotion. Some mortgage products may not be available in all areas or for all property types. Refinancing an existing loan may increase total finance charges over time, reduce equity, or extend the repayment term. Special programs, grant assistance, first-time homebuyer incentives, or community lending offers may have additional eligibility requirements, income limits, census tract restrictions, property restrictions, reserve requirements, or education requirements. Consult your tax advisor regarding the deductibility of interest and points. Equal Housing Opportunity. See loan disclosures, rate lock agreement, and promotional terms for complete details.