All members seeking credit are required to have a current report on file. If your credit report on file is greater than one year old or there is no report on file, a current credit report will be generated.
New Loan Origination Fee – $25
All new loans are assessed an origination fee.
Title Transfer Fee – $ Variable
All vehicle, motorcycle, recreational vehicle, or trailer loans must show the Tel-U-Watt Federal Credit Union (TFCU) as the lien holder. The current title transfer fee (or fees) that are assessed by the state in which the asset is titled will be billed to the member. For North Dakota, the current rate is $5.
Lien of Property – $40
All other loans in which the asset is used as collateral and the asset is not titled by the state, will be required to have a lien filed with the State of North Dakota.
Late Payment Fee – $25
All loan payments that exceed 15 days beyond the established due date will be assessed a late penalty of $25.
Non Sufficient Funds (NSF) Fee – $15
When a transaction such as a check or recurring payment is presented for payment and returned unpaid because the available balance in the account associated with the check or payment is less than the amount of the transaction, a Returned Item (NSF) fee will apply.
Serving the employees of SRT Communications and Xcel Energy since 1934