TRUTH   IN   SAVINGS

I. Share Savings Account and Share Draft Checking Accounts

Except as specifically described, the following disclosures apply to all the accounts. All accounts described in this disclosure are share accounts.

1. Rate information: The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Regular Share Savings, Christmas Club Share Savings, Vacation Club Share Savings, Special Share Savings, and IRA Regular Share Savings accounts, the Dividend Rate and Annual Percentage Yield may change quarterly as determined by the Credit Union’s Board of Directors. For Regular Share Draft (Checking) and Money Market accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union’s Board of Directors. The Dividend Rates and Annual Yield are the rates and yield as of the last dividend declaration date which is set forth in the Rate Schedule. The Regular Share Draft (Checking) account is not a tiered account. If your Average Daily Balance is from $1,000.00 or greater, the Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply.  The Dividend Rate and Annual Percentage Yield will apply to the full balance of your account. The Money Market account is a Tiered Rate Account. If your Average Daily Balance is from $2,500.00 to $9,999.99, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your Average Daily Balance is from $10,000.00 to $24,999.99, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. If your Average Daily Balance is from $25,000.00 or greater, the third Dividend Rate and Annual Percentage Yield listed for this account will apply.  Once a particular range is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account. The IRA Regular Share Savings Account is not a Tiered Rate account. If your Average Daily Balance is from $100.00 or greater, the Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply to the full balance of your account.
2. Nature of Dividends: Dividends are paid form current income and available earnings after required transfers to reserves at the end of the dividend period.
3. Dividend Compounding and Crediting: The compounding and crediting frequency of dividends and dividend period applicable to each account are stated in the Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. 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 all accounts, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, you will not receive the accrued dividends. However, for Christmas Club Share Savings and Vacation Club Share Savings accounts, any accrued dividends will be paid if you close the account within seven (7) days of the date you open it.
5. Balance Information: To open any account you must deposit or already have on deposit at least par value of one full share in a Regular Share Savings account. The par value amount is stated in the Fee Schedule. Some accounts may have additional minimum opening deposit requirements. The minimum balance requirements applicable to each account are stated in the Rate Schedule. For all accounts, there is a minimum Average Daily Balance required to earn the Annual Percentage Yield disclosed for the dividend period. If the minimum average daily balance is not met, you will no earn the Annual Percentage Yield stated in the Rate Schedule. For accounts using the Average Daily Balance method as stated on the Rate Schedule, dividends are calculated by applying a periodic rate to the Average Daily Balance in the account for the dividend period. The Average Daily Balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
6. Account Limitations: For Regular Share Savings, Christmas Club Share Savings, Vacation Club Share Savings, Special Share Savings, Money Market, and IRA Regular Share Savings accounts, no more that six (6) preauthorized automatic, or telephone transfers may be made from each account to another account or to a third part in any month and 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 my be subject to a fee or be closed. For Christmas Club Share Savings accounts, if you withdraw from you account, you will be charged a fee as disclosed in the Fee Schedule. However, no fee will be charged if the withdrawal occurs within the seven (7) days of the date the account is opened. For Vacation Club Share Savings accounts, the entire balance will be transferred to another account of yours on or after June 15th and the account will remain open. For Vacation Club Share Savings accounts, if you withdraw from your account, you will be charged a fee as disclosed in the Fee Schedule. However no fee will be charged if the withdrawal occurs within seven (7) days of the date the account is opened. For Regular Share Draft (Checking) accounts, no account limitations apply.

II. Share Certificate Accounts

Except as specifically described, the following disclosures apply to all of the accounts.

1. Rate Information: The Annual Percentage Yield is the percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings. For all Certificate accounts, dividends may be paid directly to you or transferred to another account.
2. Dividend Period: For each account, the dividend period is the account’s term. The dividend period begins on the first day of the term and ends on the maturity date.
3. Dividend Compounding and Crediting: The compounding and crediting frequency of dividends are stated in the Rate Schedule.
4. Balance Information: The minimum balance requirements applicable to each account are set forth in the Rate Schedule. To open any account, you must deposit or already have on deposit at least par value of one full share in a Regular Share Savings account. The par value amount is stated in the Fee Schedule. Some accounts may have additional minimum opening deposit requirements. For all accounts, dividends are calculated by the Daily Balance method, which applies a periodic rate to the balance in the account each day.
5. Accrual of Dividends: For all accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.
6. Transaction Limitations: For all accounts, after your account is opened you may make withdrawals subject to the early withdrawal penalties stated below.
7. Maturity: Your account will mature as stated on this Rate and Fee Schedule or on your Account Receipt or Renewal Notice.

Early Withdrawal Penalty:
We may impose a penalty if you withdraw from your account before the maturity date. Dividends may be withdrawn at any time without penalty.

Amount of Penalty: For Regular Share Certificate, Regular Monthly Dividend Withdrawal Certificate, IRA Share Certificate, and IRA Monthly Dividend Withdrawal Certificate accounts, the amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows:

Terms of one (1) year or less - 90 days dividends

Terms of more than one (1) year - 180 days dividends

How the Penalty Works: the penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted for the principal.

Exceptions to Early Withdrawal Penalties: At our option, we may pay the account before maturity without imposing and early withdrawal penalty under the following circumstances:

(I) When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.

(II) Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after the establishment or where the account is a Keogh Plan (Keogh) provided that the depositor deposits an amount of at least equal to the simple dividends earned in the amount withdrawn or where the account is an IRA or Keogh and the owner attains age 59½ or becomes disabled.

Renewal Policy: The renewal policy for your accounts is stated in the rate schedule. For all accounts, your account will automatically renew for another term upon maturity. You have a grace period of 7 days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty.

Non-transferable / Non-Negotiable. Your account is non-transferable and non-negotiable.