Share Savings Accounts

Rate Information: The dividend rate and annual percentage yield may change during 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 the share accounts, 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 is the last day of the dividend period, and for the example above is March 31.

Minimum Balance Requirements: The minimum required to open this account is the purchase of a share in the credit union. One share = $5.00.

You must maintain a minimum 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 balance in the account each day.

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 month, 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 trasnfer or telephonic order or instruction. If you exceed the transfer limitations set forth above, 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.

Fees and Charges: An annual fee of $25.00 will be charged each year. This fee will not apply if you maintain a minimum daily balance of $100.00 throughout the year.

Money Market Savings Account

Rate Information: The dividend rate and annual percentage yield may change at any time, 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 is the last day of the dividend period, and for the example above is March 31.

Minimum Balance Requirements: The minimum balance required to open this account is $5,000.00. You must maintain a minimum balance of $5,000.00 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 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 month, you may not make more than three 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. If you exceed the transfer limitations set forth above, your account will be subject to a penalty of $50.00 for each transfer exceeding the three per month limitation.

Fees and Charges: A penalty fee of $50.00 will be charged for each debit transaction (withdrawal, draft or check paid, automatic transfer or payment out of this account) in excess of three during a month.

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 is the last day ot  the dividend period and for th eexample above is March 31.

Minimum Balance Requirements: No minimum balance requirements apply to this account.

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 NonCash Deposits: Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction Limitations: No transaction limitations apply to this account.

Share Certificates - CD's & IRA CD's

Rate Information: The dividend rate on your term Certificate of Deposit account is __% with an annual percentage yield of __%. You will be paid this rate until first maturity.

Compounding Frequency: Unless otherwise paid, dividends will be compounded every quarter, beginning with the date of first deposit.

Crediting Frequency: Dividends will be credited to your account every quarter, depending upon when you opened your Certificate of Deposit. Alternatively, you may choose to have diviends paid to you or to another account every quarter rather than credited to this account.

Dividend Period: For this account type, the dividend period is quarterly.

Minimum Balance Requirements: The minimum balance required to open this account is $500.00. You must maintain a minimum daily balance of $500.00 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 NonCash Items: 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.

Time Requirements: Your account will mature __________________.

Early Withdrawal Penalties: (a penalty may be imposed for withdrawals before maturity) The penalty we may impose will equal six months 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 in some cases requires, the waiver of the early withdrawal penalty.

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 we receive written notice from you before maturity of your intention not to renew or you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any).  If you prevent renewal, your funds will be placed in a dividend-bearing account.  Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term Certificates of Deposit 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 seven calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty.

IRA Savings Account

Rate Information: The dividend rate and annual percentage yield may change at any time, 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 calendar 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 is the last day of the dividend period, and for the example above is March 31.

Minimum Balance Requirements: No minimum balance requirements apply to this account.

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 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 month, 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, telephonic order or instruction, 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.

Christmas Club Accounts

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 Frequency: Dividends will be compounded every month.

Crediting Frequency: Dividends will be credited to your account every month.

Dividend Period: The dividend period is monthly.

Minimum Balance Requirements: No minimum balance requirements apply to this account.

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 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 make unlimited additions into your account. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You cannot withdraw dividends from your account before maturity.

Time Requirements: Your account will mature on December 1st of each year.

Early Withdrawal Penalties: (a penalty may be imposed for withdrawals before maturity). The penalty we may impose is the greater of...seven days dividends, on the amount withdrawn subject to penalty, if the withdrawal is made within the first six days after the deposit, or...all 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 in some cases requires, the waiver of the early withdrawal penalty. 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.

Non-Automatically Renewable Account: This account will not automatically renew at maturity. Dividends will not accrue after maturity and you will be sent a check after December for the balance.

Vacation Club

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 month. Dividends will be credited to your account every month.

Dividend Period: The dividend period is monthly. 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 January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

Minimum Balance Requirements: No minimum balance requirements apply to this account.

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 of 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 means of a preauthorized or automatic transfer, telephone order or instruction, or similar order to a third party.

Common Features

Bylaw requirements: You must complete payment of one share in your share savings account as a condition of admission to membership.

Transaction Limitation: We reserve the right to at any time require not less than seven day 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.

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

The following fees may be assessed against your account and the following transaction limitation, if any, apply to your account.

• Replace lost ATM card..........$5.00
• Draft printing..........(fee depends on style of draft ordered and quantity ordered
• Nonsufficient funds item-each..........$20.00
• Stop payments-each..........$20.00
• Domestic outgoing wire transfer..........$15.00