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

IV TRUTH IN SAVINGS

I. Share Savings Accounts and Share Draft Accounts

Except as specifically described, the following disclosures apply to all the account. All accounts described in this disclosure are share accounts.

1. Rate information: The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Share/Savings, Christmas Club, Share IRA, Money Market and Prime Checking accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union’s Board of Directors. The Dividend Rate and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. The Share/Savings and Share IRA accounts are tiered rate accounts. If your account balance is $2,499.99 or below, the first dividend rate and annual percentage yield listed for this account in the Rate Schedule will apply. If your account balance is from $2,500.00 to $24,999.99, the second dividend rate and annual percentage yield listed for this account will apply. If your account balance is $25,000.00 or greater, the third dividend rate and annual percentage yield for this account will apply.Once a particular balance range is met, the dividend rate and annual percentage yield for that balance range will apply to the full balance of your account.
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 frequency of dividends and dividend period applicable to each account are stated 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 Share/Savings, Christmas Club, Share IRA and Prime Checking accounts, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. For Christmas Share Club accounts, If you close your account before accrued dividends are credited, accrued dividends will not be paid. However, for Christmas Club accounts, any accrued dividends will be paid if you close the account within seven (7) days of the date you open it.
5. Balance Information: To open any account you must deposit or already have on deposit at least par value of one full share in a Regular Share account. The par value amount is stated in the Fee Schedule. Some accounts may have additional minimum opening deposit requirements. The minimum balance requirements applicable to each account are stated in the Rate Schedule. For Share/Savings, Money Market and Prime Checking accounts, there is a minimum daily balance required to avoid a service fee for the dividend period. If the minimum daily balance is not met during each day of the dividend period, there will be a service fee as stated in the Fee Schedule. For Prime Checking accounts, there is a minimum daily balance required to obtain the annual percentage yield for the dividend period. If the minimum daily balance is not met, you will not earn the stated annual percentage yield. For all accounts using a daily balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.
6. Account Limitations: For Share/Savings, Share IRA and Money Market accounts, no more that six (6) preauthorized automatic, or telephone transfers may be made these accounts to another account of yours or to a third part in any month and no more than three (3) of these six (6) transfers may be made by check, draft, or debit/ATM card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed. For Christmas Club Share accounts, the entire balance will be paid to you by check or transfer to another account of yours on or after November 1st. and the account will remain open. If you withdraw any of the account balance at any time, we may impose a fee of all accrued, uncredited dividends on the account and your account will be closed. However, any accrued dividends will be paid to you if you close your account within seven (7) days the account was open. For Regular Checking, Prime Checking and Fresh Start Checking accounts, no account limitations apply.

II. Share Certificate Accounts

Except as specifically described, the following disclosures apply to all of the accounts.

1. Rate Information: The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.
2. Dividend Period: For each account, the dividend period is the account’s term. The dividend period begins on the first day of the term and ends on the maturity date.
3. Dividend Compounding and Crediting: The compounding and crediting frequency of dividends are stated in the Rate Schedule.
4. Balance Information: The minimum balance requirements applicable to each account are set forth in the Rate Schedule. To open any account, you must deposit or already have on deposit at least par value of one full share in any account. The par value amount is $5.00. Some accounts may have additional minimum opening deposit requirements. For all accounts, dividends are calculated by the Daily Balance method, which applies a periodic rate to the balance in the account each day.
5. Accrual of Dividends: For all accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.
6. Transaction Limitations: For all accounts, after your account is opened you may make withdrawals subject to the early withdrawal penalties stated below.
7. Maturity: Your account will mature as stated on this Truth-In-Savings Disclosure or on your Account Receipt or Renewal Notice.