ACCOUNT	Dividend APR	APY	Minimum Balance
Share Savings	1.75%	1.75%	$5.00
Vacation/Special Share Savings	1.75%	1.75%	$5.00
Christmas Club Savings	1.75%	1.75%	$5.00
Share Draft/Checking	0	0	0
6-Month Share Certificates	2.25%	2.25%	$1,000.00
12-Month Share Certificates	2.50%	2.50%	$1,000.00

1. Share and Share Draft Accounts.

Except as specifically described, the following disclosures apply to all the accounts. All accounts described in this 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 Primary Share, Special Vacation Club and Christmas Club accounts, the Dividend Rate and Annual Percentage Yield may change at any time 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 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 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 Primary Share, Special Vacation Club and Christmas Club accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. For Primary Share, Special Vacation Club and Christmas Club 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 Primary Share accounts, there is a minimum average daily balance required to avoid a service fee for the dividend period. If the minimum average daily balance is not met, there will be a service fee as set forth in the Fee Schedule. For Primary Share, Special Vacation Club, and Christmas Club 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 Primary Share and Share Draft 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 than 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, your account may be subject to a fee or be closed. For Special Vacation Club and Christmas Club accounts, no account limitations apply.

II. SHARE CERTIFICATE ACCOUNTS

Except as specifically described, the following disclosures apply to all of the 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 all accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.
2. DIVIDENDS COMPOUNDING AND CREDITING. The compounding and crediting of dividends applicable to each account is set forth in the Rate Schedule. The Dividend Period begins on the first calendar day of the Dividend Period and ends on the last calendar day of the Dividend Period. Dividends will be credited to member’s Primary Share or Share Draft account on a quarterly basis.
3. BALANCE INFORMATION. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For all accounts, dividends are calculated by the Average Daily Balance method which applies 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 the principal in the account for each day of the period and dividing that figure by the number of days in the period.
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 all accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.
5. TRANSACTION LIMITATIONS. After your account is opened, your ability to make additional deposits to your account or withdrawals of dividends and any limitations on such transactions are set forth in the Rate Schedule.
6. MATURITY. Your account will mature as indicated on this Rate and Fee Schedule or on your Account Receipt or Renewal Notice.

EARLY WITHDRAWAL PENALTY. We may impose a penalty if you withdraw any of the principal before the maturity date.

AMOUNT OF PENALTY. For Share Certificate (1) accounts, the amount of the early withdrawal penalty for your accounts is all dividends and your account will be closed. For Share Certificate (2) accounts, the amount of the early withdrawal penalty for your account is 90 days dividends.

HOW THE PENALTY WORKS. The penalty is calculated as a forfeiture of part 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.

EXCEPTION TO EARLY WITHDRAWAL PENALTIES. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:

1. When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
2. Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment, or where the account is a Keogh Plan (Keogh) provided that the depositor forfeits an amount of at least equal to the simple dividends earned in the amount withdrawn, or where the account is an IRA or Keogh and the owner attains age 59 ½ or becomes disabled.

RENEWAL POLICY. For all accounts, your account will automatically renew for another term upon maturity. For all accounts you have a grace period of ten (1) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty.

NON-TRANSFERABLE / NON-NEGOTIABLE. Your account is nontransferable and non-negotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.