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Effective March 1, 2018

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

TRUTH IN SAVINGS DISCLOSURE

Except as specifically described, the following disclosures apply to all of the accounts.  All accounts described in this Truth-In-Savings 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 Regular Share and Club accounts, the dividend rate and annual percentage yield may change at any time as determined by the Credit Union’s  Board of Directors.  The dividend rates and annual percentage yields are the rates and yields as of the last dividend declaration date that is set forth in the Rate Schedule.
2. NATURE OF DIVIDENDS – Dividends are paid from current income and available earnings after require transfers to reserves at the end of the dividend period.
3. DIVDEND COMPOUNDNG AND CREDITING – The compounding and crediting frequency of dividends and the 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 today of the period.  For Club accounts, the dividend period is annual.  For example, the first dividend period begins on November 2 and ends on November 1.  All other dividend periods follow this same pattern.
4. ACCRUAL OF DIVIDENDS – For all earning accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.  If you close your account before accrued dividends are credited, you will not receive the accrued dividends.  However, for 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 the minimum required share(s) in a Regular Share account.  Some accounts may have additional minimum opening deposit requirements.  The minimum balance requirements applicable to each account are set forth in the Rate Schedule.  For Regular Share accounts, there is a minimum average daily balance required to earn the annual percentage yield disclosed for the dividend period.  If the minimum average daily balance requirement is not net, you will not earn the annual percentage yield stated in the Rate Schedule.  For accounts using the average daily balance method as stated in the Rate Schedule, dividends are calculated by applying a periodic rate to the average daily balance in the account for the dividend period.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
6. ACCOUNT LIMITATIONS – For Regular Share and Club accounts, you may make no more the six (6) transfers and withdrawals from your account to another account of yours or to a third party in any months  by means of a preauthorized, automatic, or Internet transfer, by telephonic order or instruction, or by check, draft, debit card of similar order.  If you exceed these limitations, your account may be subject to a fee or be closed.  For Club accounts, the entire balance will be paid to you by check or transferred to another account of yours on or after November 1 and the account will remain open. If you withdraw from your Club accounts, you will be charged a fee as disclosed in the Fee Schedule.  However, no fee will be charged if the withdrawal occurs within seven (7) days of the date the account is opened.  For Share Draft accounts, no account limitations apply.
7. FEES FOR OVERDRAWING ACCOUNTS – Fees for overdrawing your account may be imposed on each check, draft item, ATM card withdrawal, debit card withdrawal, debit card point-of-purchase, preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance.  The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft of item.  You may consult the Fund’s Availability Policy Disclosure for information regarding the availability of funds in your account.  Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item or transaction.  If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit.  Please refer to the Fee Schedule for current fee information.
8. MEMBERSHIP – As a condition of membership, you must purchase and maintain the minimum required share(s) and pay a nonrefundable membership fee as set forth below.

Par Value of One Share                      $25.00

Number of Shares Required                 1

Membership Fee                               $10.00

The rates and fees appearing with this Schedule are accurate as of the last dividend declaration date indicated on this Truth-in-Savings Disclosure.  If you have any questions or require current rate and fee information on your accounts, please call the Credit Union.