Rates & Fees Schedule
The rates, fees, and terms applicable to your account at the Credit Union are provided in this Rate and Fee Schedule. The Credit Union may offer other rates for these accounts from time to time.
Rate Schedule
| Share Account | Christmas Club Account | Club Account | IRA Accumulation Account | Share Draft Checking Account | |
| Dividends Compounded | Monthly | Monthly | Monthly | Monthly | ____ |
| Dividends Credited | Monthly | Monthly | Monthly | Monthly | ____ |
| Dividend Period | Calendar Month | Calendar Month | Calendar Month | Calendar Month | ____ |
| Balance Requirements | |||||
| Minimum Opening Deposit | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 |
| Minimum
Balance to Avoid a Service Fee |
$50.00 | ____ | ____ | ____ | $5.00 |
| Minimum Balance to Earn the Stated APY | ____ | ____ | ____ | ____ | ____ |
| Balance Method | Daily Balance | Daily Balance | Daily Balance | Daily Balance | ____ |
| Account
Limitations (see section 6 below) |
____ | Account withdrawal limitations apply. | ____ | ____ | ____ |
Truth-in-Savings Account Disclosures
Except as specifically described, the following disclosures apply to all of the accounts.
- 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 Share, Christmas Club, Club, and IRA Accumulation accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union's Board of Directors. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
- Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
- Dividend 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. For Share, Christmas Club, Club, and IRA Accumulation accounts, dividends will begin to accrue on non-cash deposits (e.g., checks) on the business day you make the deposit to your account.
- Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For Share accounts, there is a minimum daily balance required to avoid a service fee for the dividend period. If the minimum daily balance is not met, there will be a service fee as set forth in the Rate And Fee Schedule. For Share Draft Checking accounts, there is a minimum balance required to avoid a service fee for the dividend period. If the minimum balance is not met, there will be a service fee as noted in the Rate Schedule. For Share, Christmas Club, Club, and IRA Accumulation accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.
- Account Limitations. For a Christmas Club account, the entire balance will be paid to you by check or transferred to another account of yours on or after October 1, and the account will remain open. If you withdraw any of the account balance at any time, we will close your account and pay you the full account balance. You may make transfers and withdrawals in the first seven (7) days after the account is opened without restriction. For Share, Club, IRA Accumulation, and Share Draft Checking accounts, no limitations apply.
