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Deposit products Truth-In-Savings Disclosure

The rates, fees and terms applicable to your account at the Credit Union are provided in this Truth-In-Savings Disclosure. The Credit Union may offer other rates for these accounts from time to time.
 
 
Effective Date
10/26/2017
RATE SCHEDULE
ACCOUNTS Interest BALANCE REQUIREMENTS ACCOUNT LIMITATIONS
Account Types and
Balance Ranges
Interest Rate/ Annual Percentage Yield (APY) Interest Compounded Interest Credited Minimum
Opening Deposit
Average Daily Balance to Avoid a Service Fee Minimum Balance to Earn the Stated APY Balance Method See Section 5
Regular Savings Accounts
Under $500
$500 - $2,499
$2,500 - $9,999
$10,000 or greater
0.00% / 0.00%
0.05% / 0.05%
0.10% / 0.10%
0.15% / 0.15%
Monthly Monthly $5 --- $5 Daily Balance Account Transfer
limitations apply.
Holiday & Tax Savings Accounts
Under $500
$500 - $2,499
$2,500 - $9,999
$10,000 or greater
0.00% / 0.00%
0.05% / 0.05%
0.10% / 0.10%
0.15% / 0.15%
Monthly Monthly $5 --- $5 Daily Balance Account Transfer
limitations apply.
Youth Savings Accounts 0.15% / 0.15% Monthly Monthly $5 --- $5 Daily Balance Account Transfer
limitations apply.
Money Market Accounts
Under $2,500
$2,500 - $24,999
$25,000 - $49,999
$50,000 or greater

0.00% / 0.00%
0.10% / 0.10%
0.20% / 0.20%
0.30% / 0.30%

Monthly Monthly $2,500 --- --- Daily Balance Account Transfer
limitations apply.
Premium Money Market Account
Under $2,500
$2,500 - $24,999
$25,000 - $49,999
$50,000 - $99,999
$100,000 - $249,999
$250,000 or greater
0.00% / 0.00%
0.05% / 0.05%
0.10% / 0.10%
0.20% / 0.20%
0.40% / 0.40%
0.55% / 0.55%
Monthly Monthly $50,000 --- --- Daily Balance Account Transfer
limitations apply.
IRA Savings Accounts
Under $2,500
$2,500 - $24,999
$25,000 - $49,999
$50,000 or greater
0.05% / 0.05%
0.10% / 0.10%
0.20% / 0.20%
0.30% / 0.30%
Monthly Monthly $5 --- --- Daily Balance Account Transfer
limitations apply.
Premium IRA Savings Accounts
Under $2,500
$2,500 - $24,999
$25,000 - $49,999
$50,000 or greater
0.00% / 0.00%
0.05% / 0.05%
0.60% / 0.60%
0.80% / 0.80%
Monthly Monthly $5 --- --- Daily Balance Account Transfer
limitations apply.
Deferred Compensation Accounts
Under $2,500
$2,500 - $49,999
$50,000 - $149,999
$150,000 - $249,999
$250,000 or greater

2.72% / 2.75%
2.72% / 2.75%
2.76% / 2.80%
2.81% / 2.85%
2.86% / 2.90%

Monthly Monthly $0 --- --- Daily Balance Account Transfer
limitations apply.
Roth 457(b)
Under $2,500
$2,500 - $49,999
$50,000 - $149,999
$150,000 - $249,999 $250,000 or greater
2.72% / 2.75%
2.72% / 2.75%
2.76% / 2.80%
2.81% / 2.85% 2.86% / 2.90%
Monthly Monthly $0 --- --- Daily Balance Account Transfer
limitations apply.
Cashback Checking Accounts --- --- --- $25 --- --- --- ---
Interest Checking Accounts
Under $2,500
$2,500 - $24,999
$25,000 - $49,999
$50,000 or greater
0.05% / 0.05%
0.10% / 0.10%
0.10% / 0.10%
0.15% / 0.15%
Monthly Monthly $25 $1,000 --- Daily Balance ---
Health Savings Account (HSA) Interest Checking Accounts
Under $2,500
$2,500 - $9,999
$10,000 or greater
0.10% / 0.10%
0.15% / 0.15%
0.20% / 0.20%
Monthly Monthly $0 $1,000
(in combined accounts in the HSA plan)
--- Daily Balance ---


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, Money Market, Premium Money Market, IRA Savings, Premium IRA Savings, Deferred Compensation, Interest Checking, Platinum Checking and Health Savings Account (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. The Regular Savings, Holiday & Tax Savings, Money Market, Premium Money Market, IRA Savings, Premium IRA Savings, Deferred Compensations, Interest Checking, Platinum Checking and Health Savings Account (HSA) Interest Checking accounts are Tiered Rate accounts. The balance ranges, Interest Rates and Annual Percentage Yields applicable to each tier are disclosed in the Rate Schedule. Once a particular balance range is met, the Interest Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account.
2. Interest Compounding and Crediting. The compounding and crediting frequency of interest and interest period applicable to each account are stated in the Rate Schedule.
3. Accrual of Interest. For all accounts, interest will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.
4. Balance Information. To open any account you must deposit or already have on deposit at least the par value of one full share in a Regular Savings account. The par value amount is $5. Some accounts may have additional minimum opening deposit requirements. The minimum balance requirements applicable to each account are stated in the Rate Schedule. Interest Checking, Platinum Checking and Health Savings Account (HSA) Interest Checking accounts, there is a minimum Average Daily Balance required to avoid a service fee for the interest period. If the minimum average daily balance is not met during the interest period, there will be a service fee as stated in the Fee Schedule. For Regular Savings, Holiday and Tax Savings and Youth Savings accounts, there is a minimum Daily Balance required to earn the Annual Percentage Yield disclosed for the interest period. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. For accounts using the Daily Balance method as stated on the Rate Schedule, interest is calculated by applying a daily periodic rate to the balance in the account each day.
5. Account Limitations. For Regular Savings, Holiday & Tax Savings, Youth Savings, Money Market, Premium Money Market, IRA Savings, Premium IRA Savings, and Deferred Compensation accounts, no more than six (6) preauthorized, automatic or telephone transfers may be made from each account to another account or to a third party in any month. 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 1st and the account will remain open. For Free Checking, Interest Checking, Platinum Checking and Health Savings Account (HSA) Interest Checking accounts, no account limitations apply.
6. Checking Subaccounts. Your checking account shall consist of two subaccounts: (1) a transaction subaccount and (2) a non-transaction subaccount. We shall distribute your funds between these accounts in accordance with our deposit reclassification policy (which may be changed from time to time at our discretion without further notice to you). All of your account transactions will be posted to the transaction subaccount. The balances in the non-transaction subaccount will be transferred to the transaction subaccount as needed to meet your transactional needs in accordance with Federal Regulatory requirements. This process does not adversely impact your access to your funds held in either account. These subaccounts will be treated as a single account for purposes of deposits and withdrawals, access and information, statement reporting, and any fees or charges. There are no separate or additional balance requirements, fees, or charges associated with the creation of these subaccounts. If your account is a non-interest bearing account, neither the transaction subaccount nor the non-transaction subaccount will receive any interest. If your account is an interest-bearing account, both the transaction subaccount and the non-transaction subaccount will receive the same interest rate at all times, and your periodic statement will reflect a single blended Annual Percentage Yield (“APY”) and APY Earned.
7. Fees for Overdrawing Accounts. Fees may be imposed on each check, draft, item, ATM card withdrawal, debit card point of purchase, 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 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.

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