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 created to your account every quarter

Dividend period - For this account type, the dividend period 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:

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

Average daily balance computation method - Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account tor the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarter.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash 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, automatic, or computer transfer, telephonic order or instruction, or by check, draft, debit card, or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.

Fees and charges:

An excessive withdrawal fee of $1.00 will be charged for each withdrawal in excess of six during a quarter.

 

 

 

MONEY MARKET 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.

Compounding and crediting - Dividends writ be compounded every month Dividends win be credited to your account every month.

Dividend period - For this account type, the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January l and the ending date of such dividend period is January 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 February 1. If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements:

The minimum balance required to open this account is $1,000.00

If your balance falls below $1,000.00 on any day in the monthly statement cycle, your account will be subject to a monthly service fee of $10.00 once during statement cycle.

Average daily balance computation method - Dividends are calculated by me average daily balance method which applies a periodic ratio to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash 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 moans of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party.

Fees and charges:

An excessive withdrawal toe of $5 00 will be charged for each withdrawal in excess of three during a month.

The dividend ratio and the annual percentage yield may change We will not change the rate on your account during the term of me account. However, you have the option during the first term of this account to exchange this dividend rate for a new dividend rate. The new dividend rate will be the dividend rate we are then offering on term share accounts of the amount of this account (or less) with the same term (or shorter) as that remaining on this account at the time of the exchange. This exchange will be at no cost to you. If you make an exchange, the maturity date of this account will remain the same as originally scheduled You may exercise this exchange option once during the first term, but not during any renewal term.

Minimum balance requirements:

The minimum balance required to open this account is $1,000.00.

Average daily balance computation method - Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example. checks) to your account.

Transaction limitations:

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

You can only withdraw dividends before maturity if you make arrangements with us for periodic payments of dividends in lieu of crediting.

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

-        If your account has an original maturity of one year or less

The penalty we may impose will equal 90 days dividends on the amount withdrawn subject to penalty

-        If your account has an original maturity of more than one year

The penalty we may impose will equal 150 days dividends on the amount withdrawn subject to penalty. In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or m some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.

For any account which earns a dividend rate that may vary from time to time during the term, the dividend rate we will use to calculate this early withdrawal penalty will be the dividend rate in effect at the time of the withdrawal.

Withdrawal of dividends prior to maturity - The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.

Automatically renewable account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) We can prevent renewal if we mail notice to you at least 30 calendar days before maturity if either you or we prevent renewal. dividends

Fixed Rate - Each renewal form will be the same as the original term, beginning on the maturity date. The dividend ratio will be the same we offer on now term share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account.

You will have a grace period of ton calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty