Truth In Savings Disclosures

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

1. Rate Information. The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. The Dividend Rate and Annual Percentage Yield may change monthly for Hi-Yield Money Market and quarterly for Share, Christmas, Special Severance, and IRA Accounts as determined by the Board of directors. The Regular Share account is a tiered rate account. The Dividend Rates and Annual Percentage Yields applicable to the account depends on the balance range as set forth above. Each Dividend Rate will apply only to that portion of the account balance with each tier. Hi-Yield Money Market Accounts and tiered rate account, once a tier is met, the Dividend Rate and Annual Percentage Yield for that range will apply to the entire balance. For Certificate accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. For Certificate accounts, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal will reduce earnings.

2. Nature of Dividends. For Share, Severance, Christmas, Special, Hi-Yield Money Market, and IRA Savings accounts, dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The Dividend Rate and Annual Percentage Yield set forth above are the prospective rates that the Credit Union anticipates paying for the applicable dividend period

3. Compounding and Crediting. Dividends will be compounded and credited as set forth above. For dividend bearing accounts, the Dividend Period begins on the first calendar day of the quarter and ends on the last calendar day of the quarter.

4. Accrual of Dividends. 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, accrued dividends will not be paid.

5. Balance Information. The minimum balance required to open each account is set forth above. For all accounts, dividends are calculated by the average daily balance method. 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 determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period. For Share and Hi-Yield Money Market accounts there is a minimum daily balance requirement to earn dividends and obtain the stated Annual Percentage Yield as set forth above.

6. Transaction Limitations. For Share accounts, transaction limitations will apply. No more than six (6) preauthorized, automatic, telephone transfers may be made from these accounts to another account of yours or a third party 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 accounts may be subject to a fee or be closed.

7. Certificate and IRA Account Features.

a. Account Limitations. After your account is opened, you may not make additional deposits to a Certificate account. Additional deposits are allowed for IRA accounts.

b. Maturity. Your Certificate or IRA account will mature within the term set forth above or maturity date set forth on your Account Receipt or Renewal Notice.

c. Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal of your Certificate or IRA account before the maturity date.

(1) Amount of Penalty. For Certificate accounts, the amount of the early withdrawal penalty is based on the following penalty schedule:

Withdrawals    Penalty
Within 1 year  30 days dividends
After 1 year   90 days dividends

For IRA accounts, the amount of the early withdrawal penalty is 90 days dividends.

(2) How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned at the nominal dividend rate on the account. It applies whether or not dividends have been earned. In other words, if the account has not you earned enough dividends or if dividends have already been paid, the penalty will be deducted from the principal.

(3) Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an 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 establishment; provided that the depositor forfeits an amount of at least equal to the simple dividends earned in the amount withdrawn; or where the account is an IRA and the owner attains age 59 1/2 or becomes disabled.

d. Renewal Policy. All Certificate and IRA Accounts are automatically renewable accounts. You have a grace period of seven (7) business days after maturity in which to withdraw the funds in the account without being charged an early withdrawal penalty.

e. Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.