Understanding Your Monthly Member Statement

At Provident, your checking activity is documented in a monthly statement, which also includes your savings account(s), and any certificates, auto loans, or personal loans you might have with Provident. Drag your mouse over the areas outlined in green in the statement image below, to display brief explanations of its various parts.

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Name and Address This is the name and address of the primary account holder as it appears in Provident's records. It is very important for you to keep this information up to date. Important Message Just a short sentence or two telling you about special offers and other information important to members. Member Number The number that personally identifies you to Provident Credit Union and is associated with all of your Provident accounts. You need to know this number in order to use "Account Manager" online banking and "Touch Tone Teller" automated phone banking, when applying for a loan or other new account, and for identifying yourself when calling or writing. Statement Date This is the date your statement was prepared. All the transactions in the statement were posted in the billing period ending on this date. Beginning Date All the transactions in the statement were posted in the period beginning on this date. Ending Date All the transactions in the statement were posted in the period ending on this date. Transaction Dates 'Trans Date' in the column header is short for 'Transaction Date'. This is the actual date that the transaction occurred (compare to "Eff" date). This is left blank when the Transaction Date is the same as the Effective Date. Effective Dates 'Eff Date' in the column header is short for 'Effective Date'. This is the date that the transaction was debited or credited to your account, and may be different from the transaction date (if you made a purchase on a weekend or holiday, for instance). Transaction Dates 'Trans Date' in the column header is short for 'Transaction Date'. This is the actual date that the transaction occurred (compare to "Eff" date). This is left blank when the Transaction Date is the same as the Effective Date. Effective Dates 'Eff Date' in the column header is short for 'Effective Date'. This is the date that the transaction was debited or credited to your account, and may be different from the transaction date (if you made a purchase on a weekend or holiday, for instance). Account Name and Suffix Details for each of your accounts on this statement begins with the name and suffix like this. Deposit accounts are listed in order of their suffix, so your suffix 00 savings account is listed first. The complete account number for each account, should you need it, is your member number with the 2-digit suffix appended to the end. Account Name and Suffix Details for each of your accounts on this statement begins with the name (in this case "Premier Checking") and suffix like this. The complete account number for each account, should you need it, is your member number with the 2-digit suffix appended to the end. Account Summary This area lists the opening and closing balances for the account, and on some accounts lists some other important amounts associated with the months activity. Account Summary This area lists the opening and closing balances for the account. For checking accounts, it also lists the totals of the month for deposits, checks, miscellaneous debits, and service charges (if any). Transaction Descriptions Each row describes the type of transaction, with pertinant details included. Amounts The specific U.S. dollar amount of each transaction (debits are shown as negative numbers). New Balances This shows what your balance was after the transaction took place. Negative numbers here indicate an account with a negative balance (except for loans, where it indicates the remaining balance was overpaid). Dividend Information for This Account For deposit-based accounts (such as this savings account), a statement of how much you have earned so far this year in dividends will be included here, along the percentage rate earned during this statement period (the Annual Percentage Yield Earned). For loan accounts, these numbers will instead reflect the Annual Percentage Rate. Transaction Descriptions For each transaction, the first line will describe the type of transaction. A second or third line (indented) may be included with additional details, such as the location of the transaction. City Some checking transactions, such as electronic purchases, ATM transactions, and branch visits, will show the city, state, and country that the transaction took place (4 letters to describe state and country, such as "CAUS"). Amounts The specific U.S. dollar amount of each transaction (debits are shown as negative numbers). New Balances This shows what your balance was after the transaction took place. Negative numbers here on a checking account indicate an overdrawn account (and emphasize the need for overdraft protection). Contact Information If you have questions about your statement or need to mail Provident, this area shows the phone numbers or addresses you will need.

Member Number The number that personally identifies you to Provident Credit Union and is associated with all of your Provident accounts. You need to know this number in order to use "Account Manager" online banking and "Touch Tone Teller" automated phone banking, when applying for a loan or other new account, and for identifying yourself when calling or writing. Statement Date This is the date your statement was prepared. All the transactions in the statement were posted in the billing period ending on this date. Beginning Date All the transactions in the statement were posted in the period beginning on this date. Ending Date All the transactions in the statement were posted in the period ending on this date. Transaction Dates 'Trans Date' in the column header is short for 'Transaction Date'. This is the actual date that the transaction occurred (compare to "Eff" date). This is left blank when the Transaction Date is the same as the Effective Date. Effective Dates 'Eff Date' in the column header is short for 'Effective Date'. This is the date that the transaction was debited or credited to your account, and may be different from the transaction date (if you made a purchase on a weekend or holiday, for instance). Summary of Year To Date Dividends (all accounts) This area shows the total of all dividends earned to date this year for all Provident Credit Union accounts that have been on this statement this year. Dollar amounts are broken down into such categories as "reportable dividends credited", "non-reportable dividends credited", and "total". The previous year's amounts are also included for comparison. This section also lists any finance charges you have incurred during the year, and the amount of dividends not attributed to IRAs. Summary of Payroll Deposits and Direct Deposits This area shows all of the deposits that were made to all your accounts as a result of an automatic deduction from your paycheck. Each row represents a day in which such a deposit was made, and the columns show the date, the total amount of deposit, and the breakdown of which accounts, by suffix, it went into. Checking Summary This area lists all the actual checks that have cleared or been paid against this account (i.e. does not include electronic purchases, etc.). Checks are shown in 2 compact columns, with effective dates, check numbers, amounts, and a trace number. A total of all check amounts is also provided. Dividend Information for This Account For depost-based accounts, a statement of how much you have earned so far this year in dividends would be included here (for this checking account it is zero). Joint owners for this particular suffix account are also shown here. Transaction Descriptions For each transaction, the first line will describe the type of transaction. A second or third line (indented) may be included with additional details, such as the location of the transaction. City Some checking transactions, such as electronic purchases, ATM transactions, and branch visits, will show the city, state, and country that the transaction took place (4 letters to describe state and country, such as "CAUS"). Amounts The specific U.S. dollar amount of each transaction (debits are shown as negative numbers). New Balances This shows what your balance was after the transaction took place. Negative numbers here on a checking account indicate an overdrawn account (and emphasize the need for overdraft protection). Contact Information If you have questions about your statement or need to mail Provident, this area shows the phone numbers or addresses you will need.