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Truth in Savings Disclosure

Rate Information

The Annual Percentage Yield (APY) 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.

The Dividend Rates and the Annual Percentage Yields may change at any time as determined by the Credit Union’s Board of Directors. The Dividend Rates and the Annual Percentage Yields are the prospective rates that the Credit Union anticipates paying for any applicable period.

The Regular Shares (S1), Investment (S12) and IRA Investment (S70) (S71) (S75) accounts are tiered accounts. Once a particular balance range is met, the Dividend Rate and Annual Percentage Yield listed for that balance range will apply to the full balance of your account.

The Direct Deposit Checking (S28) account is a tiered account. Once a particular balance range is met, the Dividend Rate and Annual Percentage Yield listed for that balance range will apply only to the balance in the account over that amount. You must make 4 debit card transactions, excluding ATM withdrawals, each month on the Direct Deposit Checking (S28) account to qualify for the 2.25% APY tier. To qualify, the transactions must post to your account by the close of business on the last day of the month. You will earn 0.25% APY if you don’t meet the monthly requirements.

Maintenance or Activity Fees associated with an account may reduce earnings.

Nature of Dividends

Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.

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.

Accrual of Dividends

Dividends will begin to accrue on the business day you deposit cash and non cash items (e.g., checks) to your account. If you close your account before dividends are credited, you will receive accrued dividends.

Balance Requirements

The minimum balance requirements applicable to open each Account are set forth in the Rate Schedule.

The minimum balance requirements applicable to each Account to obtain the Annual Percentage Yield are set forth in the Rate Schedule. You will not accrue dividends on those days the minimum balance is not met. Dividends are calculated on the daily balance method which applies a periodic rate to the balance in the account each day.

For Regular Checking (S8) accounts, you must maintain a minimum daily balance of $500.00 in your account to avoid a service fee. If during any day of the month, your account balance falls below the required minimum daily balance; your account will be subject to a service fee.

For Direct Deposit Checking (S28) accounts, you must maintain an ACH direct deposit of at least $500 per month. Failure to do so will result in transfer to the Regular (S8) checking account.

Closure of your Regular Share (S1) account within 90 days of opening will result in a fee as set forth on the reverse side.

Transaction Limitations

The following applies to Regular Share (S1) accounts.

(i) Share withdrawals are limited to eight (8) per month. Excess withdrawals will be assessed a fee, set forth on the reverse, for each withdrawal after you have reached the maximum in any given month.

The following applies to Money Market (S9) accounts. If you exceed these limitations, your account may be closed.

(i) No more than six (6) preauthorized, automatic or telephone transfers may be made from these accounts to another account of yours or to a 3rd party in any month.

The following applies to Checking PLUS (S18) accounts.

(i) There is no service charge on this account for the first 10 items presented each calendar month. After the first 10 items are presented there will be a service fee for each item presented as set forth on the reverse side.

The following applies to IRA Investment (S71), (S72), and (S73) accounts.

(i) A withdrawal from an IRA Investment Account may have other limitations as may be established by the IRS.

The following applies to Regular Checking (S8), Checking PLUS (S18), Direct Deposit Checking (S28), Investment (S9) and IRA Investment (S70) (S71) (S75) accounts.

(i) These accounts may not be used as security for loans.

Nontransferable/Nonnegotiable

All accounts are nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except those with this Credit Union.