The following factors may affect the amount of dividends you receive on your account. 

The dividend rate and annual percentage yield applicable to an account may therefore change from time as determined by the Credit Union in its discretion. The dividend period of the Credit Union is quarterly, beginning on the first day of such period and ending on the last day of the period. 

As used in these disclosures, (I) "dividend rate" means the dividends paid (or expected to be paid) on an account, without giving effect to the compounding of previously earned dividends, shown as an annual figure and expressed as a percentage of the account balance; and (II) "annual percentage yield" or "APY" means a  percentage rate reflecting the total amount of dividends expected to be earned in a year on an account, based on the dividend rate and the frequency of compounding accrued dividends. 

All disclosures concerning the APY applicable to an account (other than term share accounts) assume that the dividend rate disclosed remains in effect for 1 year and that dividends are not withdrawn. 

Frequency of compounding dividends and the method of determining the balance on which dividends are paid
Unless otherwise stated in an enclosed disclosure card related to a specific type of account, dividends are compounded daily and credited quarterly on balances of $50.00 or more based on the actual daily balance in your account. 

You can compute the dividends earned on your account each day by multiplying the then current simple annual dividend rate times the actual daily balance in your account at the end of each day, divided by 365 or 366 days, as applicable. The amount of dividends you earn for each day will be added to your principal balance. 

If you withdraw funds from your account before dividends are paid, you will receive dividends accrued on the funds prior to withdrawal, but such dividends will not be credited to your account until the next dividend declaration date. 

If you close your account prior to a dividend declaration date, you will receive any dividends accrued prior to the date the account is closed. 

Different rules apply to early withdrawals from a term share account and are described in the separate disclosure card applicable to term share accounts.  

Minimum balance requirements 
Unless otherwise stated in an enclosed disclosure card related to a specific type of account, in order for your account to earn dividends (for a day, you must have an actual balance of at least $50 that day. If your actual account balance falls below $50 that day, you will not earn any dividends for that day.) 

In order to earn the annual percentage yield disclosed elsewhere for a particular account, you must meet the minimum balance requirement applicable to that account at all times. 

Fees and penalties 
Your account will be charged any applicable fees, charges and/or penalties as set forth in our fee schedule, a copy of which is included as part of this disclosure. 

Collection of non-cash deposits 
Every share draft, check or other item other than cash which is accepted for deposit in your account will be provisionally credited to your account on the day it is deposited or, in the case of deposits received after 3:00pm, on the next business day, and earn dividends from the day it is so provisionally credited to your account. If, however, the Credit Union is subsequently unable in the normal course of business to obtain payment for that item, you will not earn any dividends on that deposit.

Notice of certain changes
We will notify you in writing at least 30 days prior to the effective date of changes of the sort described below which will reduce your APY or otherwise adversely affect your account

• The frequency of compounding dividends
• The frequency of crediting dividends
• Minimum balance requirements
• Fees, charges and penalties

In addition, where there is any change in the information disclosed in this statement, the change will appear in a notice posted in the lobby of our offices.

General policies and procedures
We may refuse a withdrawal request if any documents or identification we or the law requires in connection with the withdrawal has not been presented to us.

Although non-cash deposits earn dividends from the date first credited to your account, the time when they may be withdrawn or otherwise become available for use is governed by the Credit Union's funds availability policy, a copy of which is available upon request.

By opening and maintaining an account with the Credit Union, you have agreed to the Bylaws of the Credit Union and amendments thereto, a copy of which may be obtained from the credit union. To open an account, you must deposit at least $5.00, the par value of a share of the Credit Union.

By law, the Credit Union may accept deposits only from persons who are members or who are eligible to become members, or certain other persons or entities. If you are unsure whether you're eligible to join the Credit Union, please contact a member service representative.