NATURE OF DIVIDENDS: Dividends are paid from current income and available earnings after providing for the required transfers to reserves at the end of the dividend period. The Dividend Rate and APY are the rates and yields that the Credit Union paid for the quarter preceding the stated effective date.

COMPOUNDING AND CREDITING: Dividends will be compounded and credited as set forth on the Current Rate Schedule. The Dividend Period is quarterly, beginning with January 1, April 1, July 1, and October 1. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.

BALANCE INFORMATION: The minimum balance required to open your account is one (1) share, or $5.00. Using the Average Daily Balance method, dividends are calculated by applying a daily periodic rate to the average daily balance in the account for the period times the number of days in the period.

ACCRUAL OF DIVIDENDS: Dividends will begin to accrue on cash and non-cash (e.g. checks) deposits 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 for that quarter.

ACCOUNT LIMITATIONS: No more than four (4) withdrawals may be made per quarter. If you exceed this limitation, your account will be subject to a fee of $4.00 per additional withdrawal. Any account with no depositor initiated activity during the prior twelve months and a balance of less than $50 is subject to an annual service fee of $10.00. Any fees charged against a share savings account will reduce the APY.