Truth in Savings Disclosure

1. Rate Information. The Annual Percentage Yield is a percentage rate that reflects the total amount of interest to be paid on an account based on the interest rate and frequency of compounding for an annual period. For Membership Share and Freestyle/Kids Clubaccounts, the Dividend Rate and Annual Percentage Yield may change quarterly as determined by the credit union's Board of Directors. For Money Fund, Save 4 It. Lifestyle Club and SuperSaver accounts, the Interest Rate and Annual Percentage Yield may change monthly. The Money Fund account is a Tiered Rate Account. If your account balance is $24,999.99 or below, the first Interest Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is from $25,000.00 to $49,999.99 , the second Interest Rate and Range of Annual Percentage Yields listed for this account will apply. If your account balance is greater than $50,000.00 , the third Interest Rate and Range of Annual Percentage Yields will apply. Each Interest Rate will apply only to that portion of the account balance within each range. For Certificates of Deposit accounts, the Interest Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account The Annual Percentage Yield is based on an assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.
2. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
3. Dividend Compounding and Crediting. The compounding and crediting of dividends and dividend period applicable to each account are set forth in the Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.
4. Accrual of Dividends. For Membership Share, Freestyle / Kids and Lifestyle Club accounts, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid.
5. Interest Compounding and Crediting. The compounding and crediting of interest applicable to each account is set forth in the Rate Schedule. The Interest Period begins on the first calendar day of the period and ends on the last calendar day of the period.
6. Accrual of Interest. For Money Fund, Save 4 It and SuperSaver accounts, interest will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued interest is credited, accrued interest will not be paid. For Certificates of Deposit and IRA Share accounts, interest will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued interest is credited, accrued interest will not be paid.
7. Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For Membership Share, Freestyle / Kids and Lifestyle Club accounts, 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. For all other accounts, interest is 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 determined by adding the full amount of the principal in the account for each day of the period and dividing that figure by the number of days in the period. For Membership Share accounts, there is a minimum average daily balance required to obtain the Annual Percentage Yield for the dividend period. For Money Fund accounts, there is a minimum average daily balance required to obtain the Annual Percentage Yield for the interest period. If the minimum average daily balance is not met, you will not earn the stated Annual Percentage Yield. For SuperSaver accounts, accounts with balances less than $2,000.00 that have less than $25.00 electronically deposited each month, will be closed. The account balance will be transferred to the Quarterly Share Account. For Save 4 It/Freestyle/Kids Club accounts, the maximum balance allotted is $5,000. At the end of each business day any amount in excess of $5,000 will be transferred into your Quarterly Share Account.
8. Account Limitations. Depending on the needs of the credit union, not all account types are offered at all times. For Membership Share, Freestyle/Kids Club and Money Fund accounts, no more than six (6) preauthorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed. For a LifetsyleClub account, the entire balance will be paid to you by check or transferred to another account of yours on or after November 1 for Fall Club (April 1 for Spring Club) and the account will remain open. If you withdraw any of the account balance at any time, you may be charged a withdrawal fee of 180 days of dividends earned prior to withdrawal date and your account will be closed. For Money Fund accounts, funds must be on deposit for ten (10) days prior to withdrawal; withdrawals must be for $100.00 or more, maximum of three (3) withdrawals per month. For SuperSaver accounts, except for the initial deposit of up to $1,000.00, subsequent deposits must be made by Payroll Deduction, Direct Deposit, or ACH deposit, with a minimum of $25.00 being deposited each month until the target balance of $2,000.00 is reached. One (1) withdrawal from the SuperSaver account is allowed each month. Withdrawals that cause the balance in the account to fall below $2,000.00 will require automatic deposits to be reinstated, or the account will be closed. For Save 4 It/Freestyle/Kids Club accounts, the maximum balance allotted is $5,000. At the end of each business day any amount in excess of $5,000 will be transferred into your Quarterly Share Account. One (1) withdrawal from the Save 4 It account is allowed each month.
9. Certificate of Deposit Account Features.
   1. Account Limitations. Depending on the needs of the credit union, not all certificate account types are offered at all times. After your account is opened, you may not make additional deposits to your account. For Classic Certificates with terms of 3 months, the Maximum initial principal amount is $5,000.00. For Classic Certificate of Deposit accounts, withdrawals of interest only are allowed. If elected when the Certificate is opened, interest may be automatically deposited to any other non-IRA account held in the members name. For IRA Certificate of Deposit accounts, withdrawals are allowed with a penalty.
   2. Maturity. Your account will mature as indicated on the Rate and Fee Schedule or on your Account Receipt or Renewal Notice.
   3. Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal before the maturity date.
      1. Amount of Penalty: For 3 Month Certificates the amount of the early withdrawal penalty is 90 days interest. For all other certificate accounts, the amount of the early withdrawal penalty is 180 days interest.
      2. How the Penalty Works: The penalty is calculated as a forfeiture of part of the interest that has been or would be earned on the account. It applies whether or not the interest has been earned. In other words, if the account has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal.
      3. Exceptions to Early Withdrawal Penalties: At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:
         1. When an account owner dies or is determined legally imcompetent by a court or other body of competent jurisdiction.
         2. Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven days after establishment; where the account is a Keogh Plan (Keogh) provided that the depositor forfeits an amount of at least equal to the simple interest earned on the amount withdrawn; or where the account is an IRA or Keogh and the owner attains age 59 1/2 or becomes disabled.
   4. Renewal Policy. For all accounts, your account will automatically renew for another term upon maturity. For all accounts, you have a grace period of ten (10) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty.
   5. Non-transferable/Nonnegotiable. Your account is non-transferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the credit union.