The Topeka Police Credit Union is a member owned financial cooperative that pays dividends to members based upon earnings. The Board of Directors declares dividends at its regularly scheduled monthly meeting prior to the end of the quarter in which dividends are to be paid.

The dividends to be paid on 09/30/2021 were determined by the Board of Directors during their monthly meeting in September 2021. Third quarter, 07/01/2021 – 09/30/2021, dividend rates are as follows:

EFFECTIVE 05/26/2021

Share Accounts Annual % Rate Annual % Yield
Share Draft (Checking) APR – 0.10% APY – 0.10%
Share Accounts APR – 0.10% APY – 0.10%
Vacation Club APR – 0.10% APY – 0.10%
Christmas Club APR – 0.15% APY – 0.15%

EFFECTIVE 05/26/2021

Share Certificates Annual % Rate Annual % Yield
3 Month – (C) APR – 0.10% APR – 0.10%
6 Month – (B) APR – 0.10% APR – 0.10%
12 Month – (A) APR – 0.40% APR – 0.40%
Special Share Certificate   Annual % Rate Annual % Yield
6 Month – (BB) $50,000 – $99,999 APR – 0.15% APY – 0.15%
12 Month – (AA)   APR – 0.45% APY – 0.45%
6 Month – (BBB) $100,000+ APR – 0.25% APY – 0.25%
12 Month – (AAA)   APR – 0.55% APY – 0.45%

Minimum Opening Balance

  • Share Accounts – $5.00 opening balance
  • Share Drafts (Checking) – $25.00 opening balance
  • Share Certificates – $500.00
  • Kids Share Certificates (Under 18) – $100.00
  • Christmas Club Accounts – no minimum
  • Vacation Club Accounts – no minimum

Method Used To Calculate Dividends

  • Share Account – compounded quarterly, $25.00 minimum quarterly average balance
  • Share Draft (Checking) – compounded monthly, $5,000.00 minimum average balance
  • Share Certificates – compounded quarterly
  • I.R.A. compounded quarterly
  • Vacation Club – compounded quarterly, $25.00 minimum quarterly average balance
  • Christmas Club – Paid annually on 11/01; no dividend paid if funds withdrawn prior to 11/01 of calendar year

Additional Fees

Early Withdrawal Penalties

  • Share Certificates – A penalty of ninety (90) days’ dividends will be imposed on amount withdrawal before maturity. If withdrawal is less than ninety (90) days from opening date, the penalty will be withdrawn from the principal amount deposited.
  • I.R.A. Accounts – set by Federal Law

CONTACT US

Phone: (785) 368-9436
Fax: (785) 368-9008

320 S. Kansas Ave., Suite 100
Topeka, KS 66603

Branch Hours
Mon – Fri: 9:00 a.m. – 2:00 p.m.

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