Service Fees

*Subject to change without notice

ServiceFee
Official cheques or certified cheques $7.00
Certified Cheque, third party $10.00
Bill payments - online, telephone as per account type
Bill payments in branch $1.50
Reverse an online or telephone bill payment $10.00
Post dated cheques, held for loan payments N/C
Post dated cheques, held for deposit $5.00
Stop payments $10.00
Payroll deposits (manual posting, per item) $2.00
Interim statement in-branch $3.00
Interim statement online N/C
Transfer requested by phone or fax $6.00
Transfer online within your account or to another member account as per account type
Wire transfers to another Financial Institution (up to $10,000) $30.00 + cost from Central1 CU
Wire transfers to another Financial Institutions (over $10,000) $50.00 + cost from Central1 CU
Incoming wire transfer $15.00+ cost from Central1 CU
Overdraft transfer from another account $7.50
Chargeback $10.00
NSF returned item $45.00
Overdrawn account item not returned                 $45.00
Un-encoded cheque processing $15.00
Cheques written in U.S. funds on CDN account $15.00
U.S. currency deposit N/C
Cheques written on non-chequing account $15.00
Member requested document search $30.00 per hour
Items on collection $30.00
Photocopies or Faxes N/C
Funds held $6.00
Safekeeping documents - annually $40.00
Third party demands $20.00
Reference letters $20.00

Audit Confirmations/Bank Confirmations

Interest Paid Statement 

$30.00

$20.00

Transfers of RRSP, RRIF, RESP to other financial institutions $50.00
Balance of Account - transfers out $15.00 to CU's $25.00 to Banks
Interac ATM Charge

$2.25

Cirrus/Plus (US or International) ATM Charge $4.00
National Exchange ATM (US) Charge $4.00
Hornby Island Branch Fee $10.00
e-Transfers $2.00
Inactive Account $2.50 per month
Dormant Account $60.00 annual fee
Account Closed within 90 days $25.00

Lending Services and Rates

  • automatic transfer payment options: weekly, bi-weekly, bi-monthly and monthly
  • application fee $50 minimum
  • CreditMaster new advance $250 min. - this includes the title search fee
  • commercial loans 1% of value
  • letters of credit 1% of value
  • annual commercial credit review $150
  • 1 year PPSA registration $85 min.
  • 2 year PPSA registration $95 min.
  • 3 year PPSA registration $105 min.
  • 4 year PPSA registration $115 min.
  • 5 year PPSA registration $125 min.
  • over 5 year PPSA registration $135 min. 
  • title search $50
  • insurance cancellation $25
  • VIN search $25

Real Estate Mortgage Fees

  • appraisal at cost
  • site survey insurance $100
  • credit union inspection fee $75
  • member requested mortgage modification $250
  • mortgage renewal $85
  • duplicate certificate of title $100 plus cost of certificate of title requested from land title office
  • solicitor fees at cost
  • mortgage discharge $75
  • construction mortgage administration fee $500
  • mortgage re-advance $250
  • mortgage discharge completed by UBCU $125

Delinquent Loan and Mortgage Fees

  • late fee $25
  • first late payment notice or phone call $10
  • second late payment notice $20
  • third late payment notice $30
  • payment alteration $25
  • manual payment on delinquent loan $25