Account Rates and Terms

Effective Date: February 1, 2019

Savings Type

APR*

APY**

Minimum Balance ($) to Earn Rates

Balance Method to Determine Dividend

Dividend Compound Period

Dividends Credited

Dividend Period

Share / Special Savings 0.10 0.12 100.00 Daily Balance Quarterly Quarterly Quarterly
Discovery 0.10 0.12 10.00 Daily Balance Quarterly Quarterly Quarterly
Checking 0.00 0.00 —- —- —- —- —-
Holiday Club 1.75 1.75 25.00 Daily Balance None Annually Sept. 30, 2019
Money Market 0.15 0.15 2,500.00 Daily Balance Monthly Monthly Monthly
0.20 0.20 25,000.00 Daily Balance Monthly Monthly Monthly
0.35 0.35 50,000.00 Daily Balance Monthly Monthly Monthly
IRA 0.10 0.10 14.00 Daily Balance Quarterly Quarterly Quarterly
0.25 0.25 1,000.00 Daily Balance Quarterly Quarterly Quarterly
0.50 0.50 50,000.00 Daily Balance Quarterly Quarterly Quarterly

*Annual Percentage Rate **Annual Percentage Yield

Truth-in-savings Account Disclosures

  1. Rate Information – The Dividend Rate and Annual Percentage Yield on your accounts are set forth on this page. The Annual
    Percentage Yield 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. The Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union Board of Directors.
  2. Nature of Dividends – The Credit Union Board of Directors declares dividends based on the Credit Union’s current income and available earnings after providing for the required reserves. The Dividend Rate and Annual Percentage Yield set forth on this page reflect the earnings the Credit Union anticipates having available for distribution. The Dividend Rate and Annual Percentage Yield are NOT guaranteed.
  3. Compounding and Crediting – Dividends will be compounded and credited as set forth in this brochure. The dividend period begins on the first day of the dividend period and ends on the last day of the calendar dividend period set forth on this page.
  4. Accrual of Dividends – Dividends will begin to accrue on the business day you deposit cash and non-cash items to your account. If you close your account prior to the dividend period you will not receive accrued dividends.
  5. Balance Information – The minimum balances required to open each account and to obtain the stated annual percentage yield are set forth on this page. If your account balance falls below the minimum balance on any day, you will not earn dividends that
    day. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the principal in the account each
    day. For Money Market accounts if balance drops below $2,500, the share savings rate will be paid. Account balances that remain below $2,500 for three (3) consecutive months will be transferred to share savings. For IRA accounts there is a $20 annual fee for IRA aggregate balances less than $1000 posted on April 16th.
  6. Transaction Limitations and Requirements – You may make up to 6 preauthorized automatic or telephone transfers from these
    accounts per month*. If you exceed these limitations, your account may be closed.
    Money Market accounts are limited to a maximum of three (3) withdrawals per month. The minimum deposit or withdrawal per transaction is $100.00.
    Holiday Club has a maximum balance of $5,000.00. Closure of a Holiday Club prior to maturity will result in forfeiture of all accrued dividends.
    Easy $ave CD requires a monthly direct deposit or auto transfer of at least $20.

This Rate Schedule sets forth certain conditions and rates applicable to your share accounts at the Credit Union at this time. The Credit Union may offer other rates or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth on the Rate and Terms Schedule and acknowledges that it is a part of the Membership and Account Agreement.