Dividend Bearing Accounts Disclosure

DIVIDEND RATE & APY (ANNUAL PERCENTAGE YIELD) as of: The dividend rate as of the last dividend declaration date was 1.00/b] with a corresponding annual percentage yield of [b]1.00]

[b]COMPOUNDING:
Dividends will be compounded quarterly and credited quarterly. The dividend period is a calendar year quarter. The beginning date of the first dividend period is January 1, and ends March 31st; continuing traditionally through out the year.

The dividend declaration date is the date the Credit Union Board of Directors declares a dividend for the preceding dividend period.

EFFECT OF CLOSING AN ACCOUNT:
If you close your account before dividends are paid, you will not be paid the accrued dividends for the period.

Dividend statements are sent out 3 times each year. End of January, April and August.

JOINING AND MINIMUM BALANCE REQUIREMENTS:
To join the Credit Union, you must purchase and maintain a $25 share balance and pay a one-time membership fee of $1

HOW DIVIDENDS ARE CALCULATED:
Dividends are figured using the “average daily balance method”. The calculation applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the account balance for each day of the period and dividing by the number of days in the period.

WHEN DIVIDENDS BEGIN TO ACCRUE INTEREST:
Cash and non-cash deposits, such as checks, begin to accrue on the business day you make your deposit.

TRANSACTION LIMITS:
No more than six withdrawals/deposits from/to your account can be made in a one month period.

NATURE OF DIVIDENDS:
Dividends are paid from current income and available earnings, after required transfers to reserves are made at end of a dividend period.