The dividend rate and annual percentage yield may change every month as determined by the credit union board of directors.

Compounding and Crediting

Dividends will be compounded every month. Dividends will be credited to your account every month. For this account type, the dividend period is monthly, 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 January 31. All other dividend periods follow the same pattern of dates. The dividend declaration period is the last day of the dividend period, and for this example would be January 31. If you withdraw from or close a Certificate Account before the maturity date a penalty may be imposed. The amount of the early withdrawal penalty for your account is 90 days dividend. 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 from the principal. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: (1) When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction (2) 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Plan provided that the depositor forfeits an amount of at least equal to the simple dividends earned in the amount withdrawn; or where the account is an IRA or Keogh and the owner attains age 59 ½ or becomes disabled.

Minimum Balance Requirements

The minimum balance required to open a savings account is the purchase of a $25.00 share in the credit union. You must maintain a minimum balance of $25.00 in your account to avoid a service fee. This fee is a Par Value fee of $5 and will be assessed on all share accounts that have reduced the balance below the Par Value ($25.00) of one share and does not increase the balance to at least the Par Value of one share within 30 days of the reduction. Some accounts may have additional minimum opening deposit requirements. For Plus Checking, there is 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 not earn the Annual Percentage Yield stated in the Rate Schedule.

Balance Computation 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 calculated by adding the balance in the account for each day of the period and dividing that figure by the number days in the period. The Daily Balance method of computing dividends applies a daily periodic rate to the full amount of principal in the account each day.

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.

Transaction Limitations

Withdrawals are permitted only if the account has sufficient available funds to cover the full amount of the withdrawal or have an established overdraft protection plan. Drafts or other transfer or payment orders which are drawn against insufficient funds may be subject to a service charge set forth in the Rate and Fee Schedule. If there are sufficient funds to cover some, but not all, of the withdrawal, we may allow those withdrawals for which there are sufficient funds in any order at our discretion. We may refuse to allow a withdrawal in some situations, and will advise accordingly; for example (1) a dispute between account owners (unless a court has ordered the credit union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; (5) you fail to repay a credit union loan on time. We may require you to give written notice of seven (7) days to sixty (60) days before any intended withdrawals. For share, Christmas Club, and IRA Club, no more than six (6) preauthorized, automatic, or telephone transfers may be made from each account to another account or to 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. However, we may refuse or reverse a transfer that exceeds these limitations and may assess fees against, suspend, or close your account. For Christmas Club accounts, the entire balance will be paid to you on or after November 1^st and the account will remain open. If you close your regular Christmas Club account before dividends are credited to your account, you will receive dividends up to the day you closed your account. There will be a $10 fee for any withdrawal from a Christmas Club account, other than the disbursement you automatically receive in November. No fee will be charged if the withdrawal occurs within seven (7) days of the date the account is opened. For Freedom Classic Checking, Blue Ribbon Checking, First Choice Checking, AOD Gold, and Plus Checking accounts you may make unlimited transfers to any of your accounts or to any credit union loan account and make withdrawals in person or by mail. There is a $500 limitation on ATM withdrawals, a $3000 point of sale limit on debit cards, and a limit of ten (10) point of sale transactions per day. You are allowed dour (4) foreign ATM transactions per month a no charge. Each transaction after that will be assessed a fee of $1.

Nature of Dividends

Dividends are paid from current income and available earning after required transfers to reserves at the end of the dividend period.