TRUTH IN SAVINGS ACCOUNT DISCLOSURE

Except as specifically described, the following disclosures apply to all of the SHARE/SAVINGS accounts.
1.  RATE INFORMATION: The Annual Percentage Yield is a percentage rate that is based on the total amount of dividends to be paid on an account based on the dividend rate plus the compounding for an annual period. For Share/Saving 01, Share/Savings 02, Individual Retirement Account, Checking/Frills Accounts, the dividend rate and annual percentage yield may change quarterly as determined by the Credit Union Board of Directors.
2.  NATURE OF DIVIDENDS: Dividends are paid from current income and available earnings after required transfers to reserve at the end of the dividend period. The Dividend rates and Annual Percentage Yields are prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. 3.  DIVIDEND COMPOUNDING AND CREDITING: The compounding, 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 a dividend. 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: For Share/Savings 01, Share/Savings 02, Individual Retirement Accounts, and Checking/Frills accounts, dividends will begin to accrue on non-cash deposits (checks) on the business day you make the deposit to your account. For Share/Savings 01, Share/Savings 02 individual Retirement Accounts, and Checking/Frills, accounts, if you close your account before the accrued dividends 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 Checking/Frills 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 Share /Savings 01, Share/Savings 02, and Checking/Frills 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.
6.  APY CALCULATION: For Share/Savings 01, Share/Savings 02, Individual Retirement Accounts, and Checking/Frills 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 principle in the account for each day of the period and dividing that figure by the number of days in the period.
7.  ACCOUNT LIMITATIONS: For Share/Savings 01, 02-05 and Money Market Savings accounts, no more than six (6) pre-authorized automatic, or telephone transfers may be made from these accounts to Checking accounts or to a third party in any month.  For Money Market Savings accounts, 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 Individual Retirement Accounts, no more than $5,000 ($6,000 if you are over 50 years old), excluding dividend payment(s) may be added to the balance in one (1) calendar year. (This would include all types of deposits, rollovers, transfers, etc.) These Account Limitations do not apply to Checking accounts.
8.  If at any time, the available funds in your account are not sufficient to cover checks or other items presented for payment, those items will be handled in accordance with our overdraft procedures. Your account will then be subject to a charge whether paid or returned as set forth in our fee schedule. If we pay a check or draft that would otherwise overdraw your account, you agree to pay the overdraft amount immediately. We reserve the right to pursue collection of dishonored items.
9.  If a paper check, ACH, website or audio response transaction is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item NSF. Any account owner may withdraw all funds in the account, stop payment of the items drawn on an account, transfer, or pledge to us all or any part of any account without the consent of the other account owner(s) and we shall have no duty in such event to notify any other account owner(s). ATM and one time Debit Card transactions will be handled according to your ATM & Debit Card OverDraft Consent form. The credit union may, in its discretion, close your account at any time.
10. You may request a stop payment order on any draft drawn on your account. The stop payment will be effective if we receive the order in time to act upon the order you state the number of the account, number of the draft, and its exact amount.