Ponce De Leon Federal Bank

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Ponce De Leon Federal Bank

244 Westchester Avenue
Bronx, New York 10462
Phone: (718) 931-9000
Fax: (718) 931-2347
24 Hour Telephone Banking: 1 718 892 9770
Email: customer.service@poncebank.com


A Bank With Community Spirit

Ponce De Leon Federal Bank exists for our customers. Our success depends on our importance to you. Our mission is to provide superior service to our customers by providing you with quality products and prompt reliable service. We seek to
build sustained relationships and recognize the importance of continuity of people. We encourage respect for all individuals and strive to realize the full potentials of our employees.

Ponce De Leon Federal Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non interest- bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.


PERSONAL BANKING


Ponce De Leon Federal Bank pays interest on customer
deposits from the day of deposit to the day of withdrawal, inclusive.

* Day of Deposit/Day of Withdrawal Accounts
Available in passbook and statement accounts.

The savings accounts that permit the customer to deposit
and withdraw funds at any branch of Ponce De Leon Federal Bank.
Statement accounts receive an ATM card that can be used
at any 24-hour machine.

Features
• Interest compounded daily.
• Balances of $500 or more earn interest from day of deposit to day of withdrawal.
• Opens with as little as $100.
• Also available to Corporate, Non-Profit, Trusts, and Estates entities.

* Uniform Transfer to Minors Act

This account allows a parent or guardian to set up a savings account in a minor’s name for the minor. The parent or legal guardian is the custodian of the account. He or she must oversee and make all transactions on the account until the minor reaches the age of consent.

* Holiday and Vacation Clubs Accounts

Club accounts are a convenient way to save for vacation expenses
and Christmas gifts and earn interest while you are saving. The accounts
run for fifty weeks and funds are paid out in May and October each year.

Features
• $5 can open an account.
• Customer decides how much to deposit.
• Various options available to the customer at maturity.

* Consumer Credit Cards

• To access your Ponce De Leon credit card online, view your credit card statements, pay your credit card bill and more, please click here!
• To APPLY TODAY for your Ponce De Leon credit card online, please click here!

* Electronic Transfer Account (ETA)

This is a special savings account established by contract with the United States Treasury for recipients of Federal benefit, wage, salary, or retirement benefit. However, other deposits may be made to the account.

Features
• No minimum balance required.
• Low $3 monthly fee.
• Four cash transaction and four inquiries per month are allowed.
• ATM card.
• Monthly statement.


COMMERCIAL BANKING

This is a business checking account that allows unlimited checks and deposits at minimal costs. And, the customer has the option of allowing the account to pay for itself through monthly earning credits.

Features
• VIP windows available.
• Fees offset through earnings credits.
• Only $500 opens the account.
• Overdraft Cash Reserve available.
• Checks are returned with statement each month.
• Night deposit or drop-off available.


MORTGAGES

* Residential: Conventional and Adjustable Rate.

Adjustable Rate and Conventional Fixed-Rate mortgages are available for residential one-to-four family, owner-occupied dwellings. Individual condominium units are deemed to be one family residential dwelling units for the purpose of these loans.

* Home Equity Line of Credit/ Mortgage Adjustable Rate

The Home Equity Line of Credit/Second Mortgage is an adjustable rate second lien and is available for residential one-to-four family, owner-occupied dwellings. Individual condominium units are deemed to be one-family residential dwelling units for the purposes of these loans.


© Copyright and property of Ponce De Leon Federal Bank 2005