• The Report
  • Save More
  • The Math
  • FAQs

Fibre Federal and TLC membership saved you and your fellow members over $24.2 million last year.

We work hard to earn the honor of being your trusted financial partner. As your financial cooperative, we think it’s important for you to know the value your Fibre Federal and TLC membership offers. We've always believed that we offer you a better overall value than banks, so we decided it was time to prove it.

Working with a national research firm, we compared our account rates and fees with the average rates and fees of leading banks in our primary market areas. When all the calculations were done, Fibre Federal and TLC members collectively saved more than $24.2 million this past year simply by having their accounts with Fibre Federal and TLC versus a leading bank. That’s an average of $470 per member.

savings chart

*These figures represent product categories, which consist of multiple account types. For example, two checking accounts would be considered one checking product.

Are you making the most of your membership?

On average, Fibre Federal and TLC members saved $470 each last year just by having their accounts with Fibre Federal and TLC versus a leading bank. If your membership savings amount was more than that, congratulations! You’re likely making good use of your Fibre Federal and TLC membership. But are you making the most of it? If you saved less than $470, you may not be taking full advantage of all that your membership can offer.

The more you have with us, the more you save.
Our market research demonstrates that the easiest way to save more is to do more with us. We know that the deeper our financial relationship is with you, the more you save. Members with one Fibre Federal and TLC account only saved an average of $44 annually whereas members with seven accounts saved an average of $3,546.

How do your savings stack up?
Below are the average member savings amounts by account type. If your account’s savings were less than the average, we encourage you to stop by your favorite branch or give us a call at 800-206-7872 to review the membership benefits available to you.


Average Savings by Account Type

DEPOSIT ACCOUNTS

Regular Savings

$43

Checking

$128

Money Market

$260

Certificate

$592

IRA Certificate

$507


LOAN SAVINGS

Auto Loan

$319

Credit Card

$139

Consumer Loan

$92

Home Equity Loan

$699

Mortgage

$1,926

As a financial institution, we’re all about numbers. In fact, we’re obsessed with saving you money. In case you’re a little like us, we want to give you the scoop on how we calculated your estimated, annualized savings.

The actual formulas vary by account type; however, regardless of account type, we used the same basic method shown below to calculate each of your account’s individual savings amounts. We then added all of your individual amounts together to calculate your total estimated, annualized savings amount. The definitions for each term are further below.

More Products = More Savings

Term Definitions

Rate Benefit
The rate benefit is the difference between your personal account rate and the average bank account rate for your assigned market area.

Account Balance
The definition varies by account type as follows:

  • • For open loans, we used your current account balance (Rate Benefit × Account Balance) + Fees

  • • For term loans, we used your original balance (12-month cumulative interest savings based on rate benefit, original balance and term of loan)

  • • For Deposits, we used your current balance (Rate Benefit × Account Balance) + Fees

Fee Benefit
The fee benefit represents the difference between the average bank account maintenance fee for your assigned market area and Fibre Federal and TLC's account maintenance fee for a comparable account.

Our Research Partner
We partnered with Informa Research Services, Inc., Calabasas, CA, www.informars.com, to conduct this research. Although the information Informa provided us has been obtained from banks themselves, neither Fibre Federal and TLC nor Informa can guarantee absolute accuracy as rates can change without notice.

Savings

What does my estimated, annualized savings amount reflect?
The amount listed on your personalized savings report represents the sum of all of your individual account savings amounts. It reflects the difference between what you paid or earned in interest, fees or rebates at Fibre Federal and TLC and what you may have paid or earned on average for comparable accounts at leading banks in your assigned market area. The amounts listed are for illustrative purposes only and do NOT constitute a cash payout, dividend or bonus.

What does “estimated, annualized savings” mean?
Because we compared your personal account rates and fees against the average rates and fees of the collective banks in your assigned market area, we cannot quote exact savings. Instead, the savings represent an estimate based on your personal account rate and balances. Annualized simply means that we’ve estimated your account for an entire year regardless of when you actually opened the account.


Calculation

What fees are included in the Fee Benefit calculation?
The only fees included in the calculation are recurring account maintenance fees. We did not include penalty or “occasional” fees such as overdraft fees, stop payment fees, foreign item fees, etc. We have very few account maintenance fees so your membership really helps you save big in the fee area.


Data

Where did you get the data?
We partnered with Informa Research Services, Inc., Calabasas, CA, www.informars.com to conduct this research. We compared market rates using financial data from May 2019. Although the information Informa provided us has been obtained from banks themselves, neither Fibre Federal and TLC nor Informa can guarantee absolute accuracy as rates can change without notice.


Click here for new ways to save!

Checking

Savings/Certificates

Personal Loans

Home Loans

Credit Cards

Home Equity Loans

Save even more with
Fibre Federal and TLC!

Checking
$128
Auto Loan
$319
Credit Card
$139
Certificates
$592
Home Equity Loan
$699
Money Market
$260

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