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| "This Credit Union is Federally-Insured by the National Credit Union Administration" | |
| Share/Savings Accounts | Loan Accounts | Account Disclosures | Certificate Disclosures |
TRUTH-IN-SAVINGS DISCLOSURE
Share and IRA Certificates
| ACCOUNT TYPE | MINIMUM BALANCE |
EARLY WITHDRAWAL PENALTY |
*DIVIDEND RATE |
*ANNUAL PERCENTAGE YIELD |
| 3-Month Share Certificate | $1,000.00 | See Early Withdrawl Penalty | 3.08% | 3.128% |
| 6-Month Share Certificate | $1,000.00 | See Early Withdrawl Penalty | 4.03% | 4.112% |
| 1-Year Share Certificate | $1,000.00 | See Early Withdrawl Penalty | 4.88% | 4.477% |
| 2-Year Share Certificate | $1,000.00 | See Early Withdrawl Penalty | 4.43% | 4.529% |
| 3-Year Share Certificate | $1,000.00 | See Early Withdrawl Penalty | 4.30% | 4.394% |
| 5-Year Share Certificate | $1000.00 | See Early Withdrawl Penalty | 4.25% | 4.341% |
| 1-Year IRA Share Certificate** | $1,000.00 | See Early Withdrawl Penalty | 4.88% | 4.582% |
| 2-Year IRA Share Certificate** | $1,000.00 | See Early Withdrawl Penalty | 4.58% | 4.686% |
| 3-Year IRA Share Certificate** | $1,000.00 | See Early Withdrawl Penalty | 4.44% | 4.540% |
| 5-Year IRA Share Certificate** | $1,000.00 | See Early Withdrawl Penalty | 4.34% | 4.435% |
| *These are prospective dividend rates and annual percentage yields. |
| ** IRA Share Certificates are available in both Traditional and Roth IRA types. |
| Rate Information - The dividend rates and annual
percentage yields stated above are fixed rates. You will be paid this rate until maturity.
Annual percentage yield assumes dividends post to and remain in certificate account.
Withdrawal of dividends will reduce annual percentage yield.
Compounding and Crediting - Dividends will be compounded monthly and will be credited to your account each month-end and at maturity. 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 - Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account. Fees and Charges - No fees and charges apply exclusively to this account. Refer to our Schedule of Service Charges for comprehensive listing. Transaction Limitations - After the account is opened, you may not make deposits or withdrawals until the stated maturity date. Maturity Date - Your account will mature ____/_____/_____ |
Early Withdrawal Penalties - We will impose a
penalty if you withdraw funds or close the account before the stated maturity date. The
penalty is greater of $25.00 or loss of dividends, whether earned or not on amounts withdrawn that would have accrued over 50% of the remaining term.
Renewal Policies - Your certificate account will not automatically renew at maturity unless you instruct us to automatically renew it at maturity: (1) when you originally purchase the certificate, or (2) at some point before its maturity date. If you do not choose automatic renewal, we will transfer the certificate's principal and dividends to any share-type account you designate, or to your Regular Share account if you have not so designated. By-Law Requirements - You must complete and maintain payment of one share ($25) in your Regular Share account as a prerequisite to membership in the credit union. Dividend Period The dividend period of this account type is monthly, beginning on the date the account is opened and ending on the stated maturity date, unless renewed. National Credit Union Share Insurance Fund - Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund. |
