LOAN SERVICES DEPOSIT SERVICES OTHER SERVICES RATES TOOLS ABOUT US CONTACT US  

Savings Account Disclosure

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. For all dividend bearing accounts the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Board of Directors. On the Share Tiered Rate Account. If your account balance is $2000 or below, the first Dividend Rate and Annual Percentage Yield listed in the Rate Schedule for this account apply will apply. If your account balance is from $2,000.01 to $10,000, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. If your account balance is from $10,000.01 to $25,000, the third Dividend Rate and Annual Percentage Yield will apply. If your account balance is from $25,000.01 to $50,000, the fourth Dividend Rate and Annual Percentage Yield for this account will apply. If your account balance is $50,000.001 or greater, the fifth Dividend Rate and Annual Percentage Yield for this account will apply. Each Dividend Rate will apply only to that portion of the account balance within each balance range. The Dividend Rates and Annual Percentage Yields are the rates and yields of the last dividend declaration date, which is set forth in the Rate Schedule. 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 of dividends will reduce earnings.

2. Nature of Dividends. 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 shown above are the prospective rates the Credit Union anticipates paying for the dividend period.

3. Compounding and Crediting. Dividends will be compounded and credited monthly. The Dividend Period begins on the first calendar day of the month and ends on the last calendar day of the month.

4. Accrual of Dividends. Dividends will begin to accrue on cash and noncash (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.

5. Balance Information. The minimum balance required to open each account and earn the Annual Percentage Yield is set forth above. If you do not maintain the minimum balance, you will not earn the stated Annual Percentage Yield. Dividends are calculated by applying a periodic rate to the balance in the account each day.

6. Amount Limitations. For savings and club accounts no more than six (6) preauthorized, automatic, or telephone transfers may be made to other accounts or to third parties in any month. Not more than three (3) of these six (6) may be made by check, draft, or debit card to a third party. If you exceed these limitations your account may be subject to a fee or be closed. For a Club account the entire balance will be paid to you by check or transferred to another account of yours on or after November 1, and the account will remain open. You may be charged a withdrawal fee for each withdrawal from the account. You may make transfers or withdrawals in the first seven (7) days after the account is opened without restrictions. For IRA Share accounts, no account limitations apply.

7. Certificate Account Features.
Account Limitations. After your account is opened, you may not make additional deposits to a Certificate account.

Maturity. You Certificate account will mature on the maturity date set forth on your Account Receipt or Renewal Notice.

Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal of your Certificate or IRA account before the maturity dates. Amount of Penalty. For 30, 60, or 90-day Certificate accounts, the amount of the early withdrawal penalty is the amount of accrued dividends at the time of withdrawal. For 120, 180, or 365-day Certificate account, the amount of the early withdrawal penalty is 90 days' dividends calculated on the balance at the time of withdrawal.

CUDL

 

Autoland

 

Enterprise