Truth
In Savings Disclosure
REGULAR SAVINGS ACCOUNT
Rate
Information:
The dividend rate and annual percentage yield may change every dividend
period. We may change the dividend rate for your account as determined
by credit union board of directors.
Compounding and crediting – Dividends will be compounded
daily. Dividends will be credited to your account every quarter.
Dividend period – For this account type, the dividend
period is quarterly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending
date of such dividend period is March 31. All other dividend periods
follow this same pattern of dates. The dividend declaration date
follows the ending date of a dividend period, and for the example
above is April 1.
Minimum balance requirements:
The minimum required to open this account is the purchase of a share
in the credit union. Please see the bylaw requirements in the Common
Features section for additional information.
You must maintain a minimum daily balance of $25.00 in your account
each day to obtain the disclosed annual percentage yield.
Daily balance computation method – Dividends are calculated
by the daily balance method which applies a daily periodic rate
to the balance in the account each day.
Accrual of dividends on noncash deposits – Dividends
will begin to accrue on the business day you place noncash items
(for example, checks) to your account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise
stated in the Common Features section.
Par value of a share:
The par value of a share in this account is $25.00.
SHARE DRAFT ACCOUNT
Minimum
balance requirements:
No minimum balance requirements apply to this account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise
stated in the Common Features section.
CHRISTMAS CLUB ACCOUNT
Rate
Information:
The dividend rate and annual percentage yield may change every dividend
period. We may change the dividend rate for your account as determined
by the credit union board of directors.
Compounding and crediting – Dividends will be compounded
daily. Dividends will be credited to your account every quarter.
Dividend period – For this account type, the dividend
period is quarterly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending
date of such dividend period is March 31. All other dividend periods
follow this same pattern of dates. The dividend declaration date
follows the ending date of a dividend period, and for the example
above is April 1.
Minimum balance requirements:
You must maintain a minimum daily balance of $25.00 in your account
each day to obtain the disclosed annual percentage yield.
Daily balance computation method – Dividends are calculated
by the daily balance method which applies a daily periodic rate
to the balance in the account each day.
Accrual of dividends on noncash deposits – Dividends will
begin to accrue on the business day you place noncash items (for
example, checks) to your account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise
stated in the Common Features section.
Par value of a share.
The par value of a share in this account is $25.00.
VACATION CLUB ACCOUNT
Rate
Information:
The dividend rate and annual percentage yield may change every dividend
period. We may change the dividend rate for your account as determined
by the credit union board of directors.
Compounding and crediting – Dividends will be compounded
daily. Dividends will be credited to your account every quarter.
Dividend period – For this account type, the dividend
period is quarterly, for example the beginning date of the first
dividend period of the calendar year is January 1, and the ending
date of such dividend period is March 31. All other dividend periods
follow this same pattern of dates. The dividend declaration date
follows the ending date of a dividend period, and for the example
above is April 1.
Minimum balance requirements:
You must maintain a minimum daily balance of $25.00 in your account
each day to obtain the disclosed annual percentage yield.
Daily balance computation method – Dividends are calculated
by the daily balance method which applies a daily periodic rate
to the balance in the account each day.
Accrual of dividends on noncash deposits – Dividends will
begin to accrue on the business day you place noncash items (for
example, checks) to your account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise
stated in the Common Features section.
INDIVIDUAL RETIREMENT ACOUNT
(Traditional, Roth and Education)
Rate
Information:
The dividend rate and annual percentage yield may change every dividend
period. We may change the dividend rate for your account as determined
by the credit union board of directors.
Compounding and crediting – Dividends will be compounded
daily. Dividends will be credited to your account every quarter.
Dividend period – For this account type, the dividend
period is quarterly, for example, the beginning date of the first
dividend period of the calendar year is January 1, and the ending
date of such dividend period is March 31. All other dividend periods
follow this same pattern of dates. The dividend declaration date
follows the ending date of a dividend period, and for the example
above is April 1.
Minimum balance requirements:
No minimum balance requirements apply to this account.
Daily balance computation method - Dividends are calculated
by the daily balance method which applies a daily periodic rate
to the balance in the account each day.
Accrual of dividends on noncash deposits – Dividends will
begin to accrue on the business day you place noncash items (for
example, checks) to your account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise
stated in the Common Features section.
COMMON FEATURES
Bylaw
requirements:
You must complete payment of one share in your Regular Savings account
as a condition of admission to membership.
Transaction limitation – We reserve the right to at
any time require not less than seven days notice in writing before
each withdrawal from an interest-bearing account other than a time
deposit, or from any other savings account as defined by Regulation
D.
Nature of dividends – Dividends are paid from current
income and available earnings, after required transfers to reserves
at the end of a dividend period.
National Credit Union Share Insurance Fund – Member
accounts in this credit union are federally insured by the National
Credit Union Share Insurance Fund.
The following fees may be assessed against your account and the
following transaction limitations, if any, apply to your account.
Draft printing....................................(fees depends
on style of draft ordered)
Please refer to our separate fee schedule
for additional information about charges.
Contact us if you have any
questions.
Truth
In Savings • Electronic
Fund Transfers • Disclosure
Main • Terms
And Conditions
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