HSU Members Credit Union

The fees and charges listed below are current as
at 17 October 2008. Any changes to these fees and charges will be communicated to you in a timely manner as detailed in our Terms and Conditions.

Loan establishment fees – new borrowing and top ups

Overdrafts & credit card limit - new & top-up	$50.00
Personal Loans - new	$100.00
Personal Loans - top-up	$50.00
Mortgage Secured Loan- new (loans under $250K)	$300.00
Mortgage Secured Loan - top-up (loans under $250K)	$150.00
Mortgage - Secured Overdraft - top-up	$150.00
Second Mortgage - new	$300.00
Second Mortgage - topup	$150.00
Bridging Loan	$500.00
Retirees Access Loan Application	$500.00
Rate lock fee	$250.00
Discount Guarantee fees	$250. 00 p.a.
Commercial loan- mortgage secured	$500.00 +3rd party costs
Commercial loan- other	$500.00 +3rd party costs
Commercial loan- annual fee	$250.00
Commercial loan- yearly review	$250.00 + costs

Monthly Account Keeping Fee

All Loans

Nil

Redraw Fees

Personal Loans $15.00

Mortgage Loans $20.00

Other Fees

Transfer Fee
Mortgages–transfer from one mortgage type to another	$200.00
Consent to second mortgage (where credit union holds first mortgage)	$300.00
Legal Fees	Cost
Production of deeds	Cost
Land title office registration	Cost
Stamp Duty on Security	Cost
Mortgage Preparation	Cost
Discharge administration costs	$350.00
Discharge fee	$600.00

Early Repayment Fee (repayment of loan within 5 years )
Discounted Rate Loans	0.7% of loan balance
Standard Rate Loans	0.2% of loan balance

Fixed Rate Loans - (Break Cost)
Amount is equal to the Credit Union’s estimate of loss due to breaking of fixed rate period. This would be advised at time of discharge.
Search fee	$20.00
Mortgage upstamp fee	Cost
Bank Cheque fee (for loan settlement per cheque)	$30.00
Valuation fee	Cost
Lender mortgage insurance (if required)	Cost
Bill of Sale	$20.00
Bill of Sale - stamp duty	Cost
Extension of BOS	$5.00

Arrears Fees

1st reminder letter	$15.00
2nd reminder letter	$25.00
Letter of demand	$50.00