TRUTH-IN-SAVINGS ACCOUNT DISCLOSURE

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

1. Rate Information. The Dividend Rate and Annual Percentage Yield on your accounts are stated above. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the 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’s Board of Directors. For Six Month Share Certificates, the Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. For a Step Rate Certificate of Deposit account, the Dividend Rate and Annual Percentage Yield are variable and may change once at your request during the lifetime of the account. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal will reduce earnings.
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. The Dividend Rate and APY are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
3. Compounding and Crediting. Dividends will be compounded and credited as stated above. The Dividend Period for each account is set forth above. 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. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. Returned items will cause the appropriate adjustment.
5. Balance Information. The minimum balance required To open each account is set forth above. For accounts using an Average Daily Balance method, dividends are calculated monthly and applied to the principal
6. Account Limitations. The account limitations for each account are stated above. For a share Savings account in which transfer limitations apply, no more than six (6) preauthorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month. If you exceed these limitations, your account may be subject to a fee or be closed. A share draft account can be closed if there are seven (7) NSF draft returns in one calendar month or fifteen (15) during the life of the account.

For Certificate of Deposits, the following conditions also apply:

1. Dividends. Dividends are calculated by the Daily Balance method which applies a daily periodic rate to the principal in the account each day.
2. Accrual of Dividends. For a Certificate of Deposit account, if you close your account before accrued dividends are credited, accrued dividends will not be paid.
3. Transaction Limitations. After your account is opened, you may not add funds to your account or make withdrawals of dividends from your account in any amount unless indicated above.
4. Maturity. Your account will mature within the term or at the maturity date set forth above or the maturity date set forth on your Account Receipt or Renewal Notice.
5. Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal before the maturity date, or the renewal date, if this is a renewal account.
6. Amount of Penalty. For Certificate of Deposit accounts, the amount of the early withdrawal penalty of your account is the total dividend.
7. How the Penalty Works. The penalty is calculated as a forfeiture of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.
8. Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: (i) When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction. (ii) At our discretion on a case by case basis.
9. Renewal Policy. Your account is an automatically renewable account, if indicated on the front side.
10. Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.