Regular Share Savings Account

Account Limitations
Account transfer, deposit and balance limitations apply. See Section 6 in “Truth-in Savings Account Disclosures“.

One Year Notice Account

Account Limitations
Account transfer, deposit and balance limitations apply. See Section 6 in “Truth-in-Savings Account Disclosures“.

Fee Schedule

Truth-in-Savings Account Disclosures

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

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 may change quarterly as determined by the Credit Union’s Board of Directors.
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 of dividends and dividend period applicable to each amount 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 Rates and Annual Percentage Yields are the rates and yields as of the last dividend declaration date which is set forth in the Rate Schedule.
4. 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. For Regular Share Savings accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.
5. Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For all accounts, there is a minimum average daily balance required to obtain the Annual Percentage Yield for the dividend period. If the minimum average daily balance is not met, you will not earn the stated Annual Percentage Yield. For all accounts using an Average Daily Balance method, dividends are calculated by applying a periodic rate to the average daily balance in the account for the period. The average daily balance is determined by adding the full amount of 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 all accounts, 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, and no more that three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If you exceed these limitations, you account may be subject to a fee or be closed. For Regular Shares Savings Accounts, a $50,000.00 limit for all Regular Share Savings Accounts combined. No more than $150,000.00 in deposits for all accounts combined. For One Year Notice accounts, a one-year notice must be given before any funds may be withdrawn. Withdrawals prior to notice date will incur a forfeiture penalty of 10% of the amount withdrawn. A ten (10) day waiting period may be imposed before the disbursement of funds. For One year Notice Accounts, $150,000.00 for all accounts combined is allowed. Dividends may remain deposited until balance reaches $150,000.00 combined in all accounts.