Rate Information:

The dividend rate and annual percentage yield may change every dividend period.
We may change the dividend rate for your account as determined by the credit union board of directors. 

Compounding and Crediting:

Dividends will be compounded every quarter. Dividends will be credited to your account every quarter. 

Dividend period:

For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31.

All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1. If you close your share account before dividends are paid, you will not receive the accrued dividends. 

Minimum balance requirements:

The minimum balance required to open this account is $50.00 

You must maintain a minimum daily balance of $50.00 in your account to avoid a minimum balance fee. If, during any month, your account balance falls below the required minimum daily balance, your account will be subject to a minimum balance fee of $2.00 for that month

You must maintain a minimum daily balance of $50.00 in your account each day to obtain the disclosed annual percentage yield. 

Daily balance computation method:

Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. 

Accrual of dividends on noncash deposits:

Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. 

Transaction limitations:

During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, or similar order to a third party. If you exceed the transfer imitations set forth above, your account will be subject to closure by the credit union. 

Par value of a share:

The par value of a share in this account is $5.00.