Disclosures

Truth-in-Savings Disclosure

Regular Shares Account

Rate Information:

The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and Crediting

Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Dividend Period

For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.

If you close your share account before dividends are paid, you will not receive the accrued dividends.

Minimum Balance Requirements

The minimum required to open this account is the purchase of five shares in the credit union. Please see the bylaw requirements in the Common Features section for additional information.

You must maintain a minimum daily balance of $5.00 in your account each day to obtain the disclosed annual percentage yield.

Daily Balance Computation Method

Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of Dividends on non-cash Deposits

Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.

Transaction Limitations:

During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card (if applicable), or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.

Par value of a share

The par value of a share in this account is $5.00.

Share Draft Account

Rate Information

The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and Crediting

Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Dividend Period

For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.

If you close your share account before dividends are paid you will not receive the accrued dividends.

Minimum Balance Requirements

The minimum balance required to open this account is $25.00.

You must maintain a minimum daily balance of $25.00 in your account each day to avoid fees.

Daily Balance Computation Method

Dividends are calculated by the daily balance method which applies a daily periodic rate to the account each day.

Accrual of Dividends on non-cash deposits

Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.

Transaction Limitations

No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Christmas Club Account

Rate Information

The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and Crediting

Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Dividend Period

For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.

If you close your share account before dividends are paid you will not receive the accrued dividends.

Minimum Balance Requirements

The minimum balance required to open this account is $5.00.

You must maintain a minimum daily balance of $5.00 in your account each day to obtain the disclosed annual percentage yield.

Daily Balance Computation Method

Dividends are calculated by the daily balance method which applies a daily periodic rate to the account each day.

Accrual of Dividends on non-cash deposits

Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.

Transaction Limitations

You may not make any withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party.

Par value of a share

The par value of a share in this account is $5.00

Vacation Club Account

Rate Information

The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and Crediting

Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Dividend Period

For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.

If you close your share account before dividends are paid you will not receive the accrued dividends.

Minimum Balance Requirements

The minimum balance required to open this account is $5.00.

You must maintain a minimum daily balance of $5.00 in your account each day to obtain the disclosed annual percentage yield.

Daily Balance Computation Method

Dividends are calculated by the daily balance method which applies a daily periodic rate to the account each day.

Accrual of Dividends on non-cash deposits

Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.

Transaction Limitations

You may not make any withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party.

Par value of a share

The par value of a share in this account is $5.00

IRA Savings Account

Rate Information 

The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and Crediting

Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Dividend Period

For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.

If you close your share account before dividends are paid you will not receive the accrued dividends.

Minimum Balance Requirements

The minimum balance required to open this account is $100.00.

You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.

Daily Balance Computation Method

Dividends are calculated by the daily balance method which applies a daily periodic rate to the account each day.

Accrual of Dividends on non-cash deposits

Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.

Transaction Limitations

You may not make any withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party.

Par value of a share

The par value of a share in this account is $25.00

Other Shares Account

Rate Information

The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and Crediting

Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Dividend Period

For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.

If you close your share account before dividends are paid you will not receive the accrued dividends.

Minimum Balance Requirements

The minimum balance required to open this account is $5.00.

You must maintain a minimum daily balance of $5.00 in your account each day to obtain the disclosed annual percentage yield.

Daily Balance Computation Method

Dividends are calculated by the daily balance method which applies a daily periodic rate to the account each day.

Accrual of Dividends on non-cash deposits

Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.

Transaction Limitations

You may not make any withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party.

Par value of a share

The par value of a share in this account is $5.00

Certificate of Deposit

Compounding Frequency

Interest will not be compounded.

Crediting Frequency

Interest will be credited to your account every six months and then will be immediately transferred to your Regular Share account. Interest cannot otherwise be withdrawn before maturity.

Effect of Closing and Account

If you close your account before interest is paid, you will not receive the accrued interest.

Minimum Balance Requirements

The minimum balance required to open this account is $2,500.00.

You must maintain a minimum daily balance of $2,500.00 in your account each day to obtain the disclosed annual percentage yield.

Daily Balance Computation Method

Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of Interest on non-cash Deposits

Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account.

Transaction Limitations

After the account is opened, you may not make deposits into the account until the maturity date stated on the account.
You may not make withdrawals of principal from your account before maturity.

Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity)

The penalty we may impose is the greater of:

• seven days interest, on the amount withdrawn subject to penalty, if the withdrawal is made within the first six days after the deposit, or
• all accrued interest that has been earned.

There are certain circumstances, such as the death or incompetence of an owner, where we may waive or reduce this penalty. See your plan disclosure if this account is part of an IRA or other tax qualified plan.

Non-Automatically Renewable Account

This account will not automatically renew at maturity. If you do not renew the account, your deposit will be placed in a dividend-bearing account.

Common Features

Bylaw Requirements:

You must complete payment of 5 shares in your Regular Share account as a condition of admission
to membership.

Transaction Limitation

We reserve the right to at any time require not less than seven days’ notice in writing before each withdrawal
from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D.

Nature of Dividends

Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term share account(s)).

National Credit Union Insurance Fund

Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund.

Please refer to our separate fee schedule for additional information about charges.