FUSION CHECKING TRUTH-IN-SAVINGS DISCLOSURE


When the Fusion Checking requirements are not met, the interest rate on your account and corresponding annual percentage yield (APY) is described the in the chart below.

RATE SCHEDULE


Balance Tier


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

Account Limitations

All Balances

0.05%/0.05%

Monthly

Monthly

$25.00

-

$0.01

Daily Balance

-

When the Fusion Checking requirements are met, the interest rate on your account and corresponding annual percentage yield (APY) is described in the chart below.

Balance Tier

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

Account Limitations

$0.01 to $10,000

1.98%/2.00%

Monthly

Monthly

$25.00

-

$0.01

Daily Balance

-

$10,000.01 to

$25,000

1.49%/1.50%

Monthly

Monthly

$25.00

-

$10,000.01

Daily Balance

-

$25,000.01 or greater


0.10%/0.10%


Monthly


Monthly


$25.00


-


$25,000.01


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. Your interest rate and APY may change at any time as determined by the Credit Unions Board of Directors. This is a Tiered Rate Account. The balance ranges, Interest Rates and Annual Percentage Yields applicable for each tier are disclosed in the Rate Schedule.

  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 on Non-cash Deposits. Interest will begin to accrue on the business day you deposit non-cash deposits (e.g. checks).

  4. Balance Information. To open a Fusion Checking 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. The minimum opening deposit for a Fusion Checking Account is $25. We use the Daily Balance method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day.

  5. 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. For ATM and one-time debit card transactions, you must consent to the Credit Unions 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 members opt-in choice for overdraft protection and the Fee Schedule.

  6. ATM Fees. If you meet the Fusion Checking requirements, we will refund up to $25.00 of ATM fees incurred within the United States during the requirement cycle. Refunded ATM fees will be credited to your account on the last calendar day of the month.

  7. Fusion Checking Requirements. To qualify for Fusion checking rates and the refund of ATM fees, during the requirement cycle you must:

       > Have at least twelve (12) Point-of-Sale (POS) transactions post and clear through your Fusion Checking Account
       > Have at least one automatic payment or direct deposit post and clear; and
       > Receive your monthly statement electronically

    "Requirement cycle" means a period beginning the last calendar day of the month through the next to last calendar day of the month (at close of business on a Monday through Saturday and 5:00 pm on a Sunday).

  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


View Schedule of Fees and Charges