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Truth-In-Savings Disclosure

Effective Date: 5/1/2019


The rates, fees and terms applicable to your account at the Credit Union are provided with this Truth-in-Savings Disclosure. The Credit Union may offer other rates for these accounts from time to time.

RATE SCHEDULE


ACCOUNT TYPE

INTEREST

BALANCE REQUIREMENTS


ACCOUNT LIMITATIONS

Interest Rate/ Annual Percentage Yield

(APY)


Interest Compounded


Interest Credited

Minimum Opening Deposit

Minimum Balance to Avoid a Service Fee

Minimum Balance to Earn the

Stated APY

Balance Method to Calculate

Interest


Regular Savings

$0.00 to $499.99 0.00%/0.00%

$500.00 to $2,499.99 0.05%/0.05%

$2,500.00 to $9,999.99 0.10%/0.10%

$10,000.00 or greater

0.15%/0.15%


Monthly


Monthly


$5.00


-


$5.00


Daily Balance


Account transfer and withdrawal limitations apply.


Holiday & Tax Savings

$0.00 to $499.99 0.00%/0.00%

$500.00 to $2,499.99 0.05%/0.05%

$2,500.00 to $9,999.99 0.10%/0.10%

$10,000.00 or greater 0.15%/0.15%


Monthly


Monthly


$5.00


-


$5.00


Daily Balance


Account transfer and withdrawal limitations apply.

Youth Savings

0.15%/0.15%

Monthly

Monthly

$5.00

-

$5.00

Daily Balance

Account transfer and withdrawal limitations apply.


Start Savings

$0.00 to $500.00 1.00%/1.00%

$500.01 or greater 0.15%/0.15%


Monthly


Monthly


$5.00


-


$5.00


Daily Balance


Account transfer and withdrawal limitations apply.


High-Growth Money Market

$0.00 to $24,999.99 0.10%/0.10%

$25,000.00 to $99,999.99 0.65%/0.65%

$100,000.00 to $249,999.99 0.75%/0.75%

$250,000.00 or greater 0.85%/0.85%


Monthly


Monthly


$2,500.00


-


-


Daily Balance


Account transfer and withdrawal limitations apply.


Cashback Checking


-

N/A - This account does not pay interest

N/A - This account does not pay interest


$25.00


-


-


-


-


Start Checking


-

N/A - This account does not pay interest

N/A - This account does not pay interest


$25.00


-


-


-


Account limitations apply.


Interest Checking

$0.00 to $2,499.99 0.05%/0.05%

$2,500.00 to $24,999.99 0.10%/0.10%

$25,000.00 to $49,999.99 0.10%/0.10%

$50,000.00 or greater 0.15%/0.15%


Monthly


Monthly


$25.00


$1,000.00


-


Daily Balance


-


Health Savings (HSA) Interest Checking

$0.00 to $2,499.99 0.10%/0.10%

$2,500.00 to $9,999.99 0.15%/0.15%

$10,000.00 or greater 0.20%/0.20%


Monthly


Monthly


-


$1,000.00 (in

combined accounts in the HSA plan)


-


Daily Balance


-


High-Growth IRA Savings

$0.00 to $24,999.99 0.25%/0.25%

$25,000.00 to $49,999.99 0.60%/0.60%

$50,000.00 to $99,999.99 0.80%/0.80%

$100,000.00 or greater 0.80%/0.80%


Monthly


Monthly


$5.00


-


-


Daily Balance


Account transfer and withdrawal limitations apply.


Deferred Compensation

$0.00 to $2,499.99 2.72%/2.75%

$2,500.00 to $49,999.99 2.72%/2.75%

$50,000.00 to $149,999.99 2.76%/2.80%

$150,000.00 to $249,999.99 2.81%/2.85%

$250,000.00 or greater 2.86%/2.90%


Monthly


Monthly


-


-


-


Daily Balance


Account transfer and withdrawal limitations apply.


Roth 457(b)

$0.00 to $2,499.99 2.72%/2.75%

$2,500.00 to $49,999.99 2.72%/2.75%

$50,000.00 to $149,999.99 2.76%/2.80%

$150,000.00 to $249,999.99 2.81%/2.85%

$250,000.00 or greater 2.86%/2.90%


Monthly


Monthly


-


-


-


Daily Balance


Account transfer and withdrawal limitations apply.


ACCOUNT DISCLOSURES


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 interest to be paid on an account based on the interest rate and frequency of compounding for an annual period. For Regular Savings, Holiday & Tax Savings, Youth Savings, Start Savings, High-Growth Money Market, High-Growth IRA Savings, Deferred Compensation, Roth 457(b), Interest Checking, and Health Savings (HSA) Interest Checking accounts, the interest rate and annual percentage yield may change at any time as determined by the Credit Union’s Board of Directors. Regular Savings, Holiday & Tax Savings, Start Savings, High-Growth Money Market, High-Growth IRA Savings, Deferred Compensation, Roth 457(b), Interest Checking, and Health Savings (HSA) Interest Checking accounts are tiered rate accounts. The balance ranges and corresponding interest rates and annual percentage yields applicable to each tier are disclosed in the Rate Schedule.


  2. CASHBACK CHECKING AND START CHECKING ACCOUNT - To earn cashback you must be signed up to receive eStatements from Advantis. You will earn $0.10 on every qualifying purchase that posts during the account cycle. A qualifying purchase is a purchase of $3.00 or more that is made with the debit card tied to your Cashback Checking or Start Checking account, including purchases made with your card through a Digital Wallet supported by Advantis and purchases made with your debit card online. For purposes of the Cashback Checking and Start Checking accounts, the account cycle runs from the first day of the month to the last day of the month. Your cashback will be posted to your Cashback Checking or Start Checking account on the first day of the month following the close of the account cycle. You will not receive any cashback for any purchases posted during the same month you close your Cashback Checking or Start Checking account.


  3. INTEREST COMPOUNDING AND CREDITING - The compounding and crediting frequency applicable to each account is set forth in the Rate Schedule.


  4. ACCRUAL OF INTEREST - For all earning accounts, interest will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.


  5. BALANCE INFORMATION - To open any account, you must deposit or already have on deposit the minimum

    required share(s) in a Regular Savings account. Some accounts may have additional minimum opening deposit requirements. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For Interest Checking, and Health Savings (HSA) Interest Checking accounts, there is a minimum daily balance required to avoid a service fee for the crediting period. If the minimum daily balance requirement is not met during each day of the crediting period, you will be charged a service fee as stated in the Fee Schedule. For Regular Savings, Holiday & Tax Savings, Youth Savings, and Start Savings accounts, there is a minimum daily balance required to earn the annual percentage yield disclosed for the crediting period. If the minimum daily balance requirement is not met each day of the period, you will not earn the annual percentage yield stated in the Rate Schedule. For accounts using the daily balance method as stated in the Rate Schedule interest is calculated by applying a daily periodic rate to the principal in the account each day.


  6. ACCOUNT LIMITATIONS - For Regular Savings, Holiday & Tax Savings, Youth Savings, Start Savings, High- Growth Money Market, High-Growth IRA Savings, Deferred Compensation, and Roth 457(b) accounts, you may make no more than six (6) transfers and withdrawals from your account to another account of yours or to a third party in any month by means of a preauthorized, automatic, or Internet transfer, by telephonic order or instruction, or by check, draft, debit card or similar order. If you exceed these limitations, your account may be subject to a fee or be closed. For Holiday & Tax Savings accounts, the balance in your account, less $0.01, will be transferred to another account of yours on or after November 1 and the account will remain open. For Start Savings accounts, on the first day of the month following your 23rd birthday, your account will convert to a Regular Savings account. For Start Checking accounts, on the first day of the month following your 23rd birthday, your account with convert to a Cashback Checking account. For Cashback Checking, Interest Checking, and Health Savings (HSA) Interest Checking accounts, no account limitations apply.


  7. FEES FOR OVERDRAWING ACCOUNTS - Fees for overdrawing your account may be imposed on each check, draft, item, ATM transaction and one-time debit card transaction (if member has consented to overdraft protection plan for ATM and one-time debit card transactions) preauthorized automatic debit, telephone initiated withdrawal

    or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft or item. You may consult the Funds Availability Policy Disclosure for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit. Please refer to the Fee Schedule for current fee information.


    For ATM and one-time debit card transactions, you must consent to the Credit Union’s overdraft protection plan in order for the transaction amount to be covered under the plan. Without your consent, the Credit Union may not authorize and pay an overdraft resulting from these types of transactions. Services and fees for overdrafts are shown in the document the credit union uses to capture the member’s opt-in choice for overdraft protection and the Schedule of Fees and Charges.


  8. MEMBERSHIP - As a condition of membership, you must purchase and maintain the minimum required share(s) as set forth below.

    Par Value of One Share $5.00 Number of Shares Required 1

  9. RATES - The rates appearing with this Schedule are accurate as of the effective date indicated on this Truth-in- Savings Disclosure. If you have any questions or require current rate information on your accounts, please call the Credit Union.

  10. FEES - See separate fee schedule for a listing of fees and charges applicable to your account(s).


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