Important Information About Share Accounts

(Regular Share, Share Draft Checking, and Miscellaneous, Christmas Club, IRA and Education Savings Accounts)

Rate Information and Nature of Dividends. These are variable rate accounts on which the dividend rate and Annual Percentage Yield (APY) may change every month as determined by the Credit Union. Rate changes are solely at the discretion of the Credit Union and there are no limitations on the amount the rate may change. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. Refer to our current Investment Rates schedule for the current anticipated dividend rate and Annual Percentage Yield (APY).

Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends are compounded and credited to your account on the last day of each quarter, except Christmas Club account which have an additional dividend payment on the last day of October. Dividend periods are from January through March, April through June, July through September, and October through December (October and November through December for Christmas Club accounts). If you close your account before dividends are paid, you will not receive the accrued dividends.

Balance Information. There is no minimum balance requirements, except the Regular Share Account has a minimum opening balance requirement of $5.00, which must be maintained to continue membership eligibility.  This $5.00 deposit must remain in the Regular Share Account to be eligible for other accounts and services at the Credit Union.  We reserve the right to adjust the minimum balance requirements from time to time. If you do not maintain any such minimum balance in the account, we may assess a fee. Refer to our Fee Schedule for more information regarding this fee. Dividends will begin to accrue on the business day you deposit non-cash items (i.e. checks) to your account.

Transaction Limitations. Transfers and withdrawals made by telephone, by Touch Tone Teller, by Home Financial Services, by transfer to an authorized third party, or to cover share draft overdrafts will be limited to six such transfers per month. If the transfer limitations set forth are exceeded, the account is subject to closure. Credit Union bylaws reserve the right to require a member intending to make a withdrawal from the account to give written notice of such intent up to sixty (60) days before such withdrawal.

Important Information About Hi-Yield and Hi-Yield Plus Accounts

Rate Information and Nature of Dividends. Hi-Yield and Hi-Yield Plus Accounts are variable rate accounts on which the dividend rate and Annual Percentage Yield (APY) may change weekly as determined by the Credit Union. Rate changes are solely at the discretion of the Credit Union and there are no limitations on the amount the rate may change. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. Refer to our current Investment Rates schedule for the current anticipated dividend rate and Annual Percentage Yield (APY).

Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day.  The dividend period begins on the first day of the calendar month and continues through the last day of the calendar month. Dividends are compounded and credited to your account on the last day of each month.  If you close your account before dividends are paid, you will not receive the accrued dividends.

Balance Information. There is a minimum opening balance requirement of $1,500.00 for the Hi-Yield account. There is a minimum opening balance requirement of $50,000.00 for the Hi-Yield Plus account, as well as (1) the maintenance of an active checking account in good standing, with direct deposit regularly posted to the account, or (2) a minimum of $10,000.00 new money (funds not currently on deposit with the Credit Union) at the time the account is opened. Balances below $1,500.00 in the Hi-Yield Account earn no dividends and balances below $50,000.00 in the Hi-Yield Plus Account earn the declared dividend rate and APY set for the Regular Share Account with balances of $3,000.00 and over. If you do not maintain any such minimum deposit balance requirement we may charge you a monthly maintenance fee (see the Rate and Fee Schedule for a list of fees). We reserve the right to adjust the minimum balance requirements from time to time. Dividends will begin to accrue on the business day non-cash items (i.e. checks) are deposited to the account.

Transaction Limitations. Transfers and withdrawals made by telephone, by Touch Tone Teller, by Home Financial Services, by transfer to an authorized third party, or to cover share draft overdrafts will be limited to six such transfers per month. If the transfer limitations set forth are exceeded, the account is subject to closure. Credit Union bylaws reserve the right to require a member intending to make a withdrawal from the account to give written notice of such intent up to sixty (60) days before such withdrawal.

Important Information About Share Certificate Accounts, Including IRA and Special Rate Certificate Accounts

Rate Information and Nature of Dividends. Certificates are fixed rate accounts on which the dividend rate and Annual Percentage Yield (APY) are fixed for the term of the Certificate. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. Refer to our current Investment Rates schedule for the current anticipated dividend rate and Annual Percentage Yield (APY).

Compounding and Crediting. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividend periods are from January through March, April through June, July through September, and October through December. Dividends are compounded and credited to your account on the last day of each quarter. If you close your Certificate before interest is credited, accrued interest will be paid to date less any early withdrawal penalty, if applicable. Refer to Early Withdrawal Penalty below.

Balance Information. There is a minimum opening balance requirement of $500.00 for all Certificates, except Special Rate Certificates, in which the minimum opening balance requirement is $5,000.00 new money (funds not currently on deposit with the Credit Union) for members with a Financial Plus checking account and direct deposit ($10,000 without a Financial plus checking account and direct deposit), and you must also maintain a basic membership share of $5.00 on deposit in your Regular Share Account to retain a Certificate account. Dividends will begin to accrue on the business day you deposit non-cash items (i.e. checks) to your account.

Renewal Policy. All Certificate accounts will automatically be renewed on the initial or any subsequent renewal maturity date, unless otherwise directed by you, or the Credit Union shall, prior to maturity, give you written notice that it will not be renewed. The dividend rate and Annual Percentage Rate (APY) to be paid upon renewal shall be determined by the Credit Union at or before maturity, and written notice of the renewal rate shall be mailed to you no later than two (2) business days after maturity. All other terms and conditions, including the length of the term of the Certificate, shall be the same as the original Certificate unless the Credit Union shall, prior to maturity, give written notice of a change in such terms and conditions. There is a seven (7) day grace period for withdrawals from the Certificate after it matures. If the Certificate is withdrawn on its maturity date or within seven (7) days thereafter, no penalty shall be imposed but no dividends shall be earned after the maturity date. If the Certificate is not renewed, at maturity, the funds will be transferred to your Regular Share Account in the Credit Union, or other account designated by you. If there is no such account at the time, the balance will be deposited to an Accounts Payable until such time as you can be reached and disposition of the Certificate is determined.

Transaction Limitations. After a Certificate is purchased, you may generally not make deposits into or withdraw principal from that Certificate until the maturity date. If a withdrawal of principal must be made prior to maturity, the entire account balance must be withdrawn. In addition, an early withdrawal penalty will be assessed. Credit Union bylaws reserve the right to require a member intending to make a withdrawal from the account to give written notice of such intent up to sixty (60) days before such withdrawal. Certificates may not be pledged, transferred, or assigned to any party other than the Credit Union.

Early Withdrawal Penalty. A substantial penalty is imposed if Certificate funds, other than dividends, are withdrawn prior to the original or subsequent renewal maturity date. If an early withdrawal reduces the principal balance below the original Certificate amount or below the Certificate amount of a subsequent renewal, the Certificate will be canceled, and a forfeiture will be imposed equal to the value of 90 days dividends on the entire amount evidenced by the Certificate if the current term is one year or less, or the value of 180 days dividends on that amount if the current term is more than one year. In any case of early withdrawal, if accrued dividends are not sufficient to cover the applicable penalty, the penalty will result in the loss of all dividends earned. If a Certificate is withdrawn within the first six days following the original deposit date, the penalty will be equal to seven (7) days interest, and shall be deducted from the principal of the Certificate if accrued dividends are insufficient to cover the penalty. These penalties do not apply in these cases: (1) withdrawals after the death of any owner of the Certificate; (2) if the Certificate is part of an Individual Retirement Account, and the withdrawal is made as required by the Internal Revenue Code after attaining age 70½, or withdrawals following the participant owner(s) death or disability; (3) withdrawals resulting from the voluntary or involuntary liquidation of this Credit Union.

Rev. 6/1/07