1420 Miner Street, Des Plaines, IL 60016      Holiday Schedule       (847) 391-5369       Office Hours: Monday – Friday 8:30am – 3:00pm

Dividend disclosure statement.
Regular share accounts 2nd quarter 2017

Effective April 1, 2017 through June 30, 2017


Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. Dividends are paid on your shares from the day you make a deposit until the day of withdrawal based on the average daily balance. You must maintain a minimum average daily balance of $50.00 in your account to obtain the disclosed annual percentage yield. Balances below the minimum amount will neither accrue nor be paid dividends with the exception of members under the age of 18.

Dividends are available to the owner(s) of the account anytime after they are paid or upon closing the account. Dividends are paid quarterly on the last day of March, June, September and December.



Average daily share balance ranges
From To Rate
$50.00 $4,999.99 0.10% APY
$5,000.00 $24,999.99 0.25% APY
$25,000.00 $49,999.99 0.41% APY
$50,000.00 or above 0.65% APY

The dividend rate and annual percentage yield may change every quarter as determined by the credit union board of directors. There is no penalty for withdrawal of funds. Dividends are paid up to the date of withdrawal.

Share account dividends


The Annual Percentage Rate (APR) and the Annual Percentage Yield (APY) is subject to change. You must maintain the stated minimum balance to obtain the APY. Interest begins to accrue on the day of deposit for both cash and non-cash (checks) deposits. Dividends are paid quarterly, on the last day of the quarter. Account withdrawals, penalties, or fees may reduce earnings and the stated APY.

Looking to join Northwest Municipal
Federal Credit Union?

Contact a member service representative today, e-mail info@mynmfcu.com, call 847-391-5369, or stop into the credit union office