Truth-In-Savings Disclosure

Transcription

1 Truth-In-Savings Disclosure EFFECTIVE JULY 1, 2008 SHARE/SAVINGS ACCOUNT Rate Information: The dividend rate and annual percentage yield may change every quarter. We Dividend period - For this account type, the dividend period is quarterly, for example, the above is March 31. If you close your share account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum required to open this account is the purchase of a share in the credit union. Please see the bylaw requirements in the Common Features section for additional information. transfers to another credit union account of yours or to a third party by means of a preauthorized may be made by debit card or similar order to a third party. If you exceed the transfer limitations 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 Fees and Charges: A withdrawal fee of $2.00 will be charged for each over-the-counter withdrawal in excess of three during a month. INSURED MONEY MARKET ACCOUNT Rate information: The dividend rate and annual percentage yield may change every month. We Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month. Dividend period - For this account type, the dividend period is monthly, for example, the of such dividend period is January 31. All other dividend periods follow this same pattern of

2 above is January 31. If you close your account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $1, You must maintain a minimum daily balance of $1, in your account each day to obtain the disclosed annual percentage yield. transfers to another credit union account of yours or to a third party by means of preauthorized may be made by check, draft, debit card (if applicable), or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union. ADVANTAGE CHECKING ACCOUNT (SHARE DRAFT) Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month. Dividend period - For this account type, the dividend period is monthly, for example, the of such dividend period is January 31. All other dividend periods follow this same pattern of above is January 31. If you close your Advantage Checking account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $ You must maintain a minimum average daily balance of $ in your account to avoid a minimum balance fee. If, during any month, your average daily balance is below the required minimum, your account will be subject to a minimum balance fee of $7.00 for that month. You must maintain a minimum average daily balance of $ in your account to obtain the disclosed annual percentage yield. Average daily balance computation method - Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the 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 of days in the period. The period we use is the calendar month. Transaction limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section. IRA SHARE SAVINGS ACCOUNT

3 Dividend period - For this account type, the dividend period is quarterly, for example, the above is March 31. If you close your IRA Share Savings account before dividends are paid, you will not receive the accrued dividends. Average daily balance computation method - Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the 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 of days in the period. The period we use is the calendar month. Transaction limitations: You may not make any withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party. TRUST ACCOUNT Dividend period - For this account type, the dividend period is quarterly, for example, the above is March 31. If you close your Trust account before dividends are paid, you will not receive the accrued dividends. transfers to another credit union account of yours or to a third party by means of a preauthorized may be made by debit card or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union. VISA SHARE ACCOUNT Dividend period - For this account type, the dividend period is quarterly, for example, the

4 above is March 31. If you close your Visa Share account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account will be equal to the approved limit of your Visa credit card. Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day Transaction limitations: The balance in this account may not fall below your Visa credit limit. 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 telephonic order or instruction or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union. SHARE DRAFT/CHECKING ACCOUNT Transaction limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section. ORGANIZATIONAL SHARE ACCOUNT Minimum balance requirements: The minimum balance required to open this account is $5.00. transfers to another credit union account of yours or to a third party by means of a preauthorized may be made by check, draft, debit card (if applicable), or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union. THRIFT ACCOUNT This account is a thrift account under Missouri law and is neither insured nor given superior rank over other accounts. Minimum balance requirements: The minimum balance required to open this account is $ Transaction limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section. Fees and charges: A service charge of $3.00 will be charged each calendar month. A Thrift account enrollment fee of $10.00 will be charged once at account opening. CHRISTMAS CLUB ACCOUNT Transaction limitations: If any withdrawal is made from this account between January 1 and September 30, then this account may be closed. Fees and charges: A withdrawal fee of $10.00 will be charged for each withdrawal made between January 1 and September 30. SPECIAL CLUB ACCOUNTS The following accounts which are related to other accounts you have with us offer

5 additional benefits. Please see the separate description of those benefits. Age 55 or better Direct deposit Maintain $2, PRIME TIME CLUB ACCOUNT KIRBY KANGAROO ACCOUNT Ages 0-12 Maintain $5.00 in share account FUTURE YOUNG INVESTORS (F.Y.I.) Ages Maintain $5.00 in share account COMMON FEATURES Bylaw requirements: You must complete payment of one share in your Share/Savings account as a condition of admission to membership. Transaction limitations: We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. We may require 24-hour advance notice on cash withdrawals greater than $ Nature of dividends - Dividends are paid from current income and available earnings, after required transfers to reserve at the end of a dividend period. National Credit Union Share Insurance Fraud - Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund. The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account. Replace lost ATM card(atm Replacement) $3.00 Reorder personal identification number for ATM card (ATM PIN reorder) $2.00 Automatic transfer of funds from share savings account to a share draft/checking account (transfer fee) $1.00 This fee will be applied against your share savings account(s). Check printing Fee depends on style of checks ordered Counter check $.25 per check Money order $1.00 each (maximum order $ ) Mastercard Cash Passport Card $9.95 per card Additional Cards $2.00 Deposited checks (and other items) returned unpaid $25.00 per item (returned check fee) An account is considered dormant if for 12 months no withdrawals or deposits, other than credited dividend, have been made to the account. The fee for a dormant account is $5.00 per month. This fee will be waived if you are 17 years of age or younger or if you have a loan, certificate of deposit, or IRA with us, or the aggregate balances in your account are greater than $ (dormant account fee). Overdraft (each debit or draft paid) (overdraft fee) $25.00

6 If you have further questions regarding any of your accounts please call (573) or a branch near you.