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Account DisclosuresTerms and ConditionsEFT Your Rights and Responsibilities Your Ability to Withdraw Funds Truth and Savings Disclosures Fee Schedule
TERMS AND CONDITIONS OF YOUR ACCOUNT What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. AGREEMENT - This document, along with any other documents we give you pertaining to your account(s), is a contract that establishes rules which control your account(s) with us. Please read this carefully. If you sign the signature card or open or continue to have your account with us, you agree to these rules. You will receive a separate schedule of rates, qualifying balances, and fees if they are not included in this document. If you have any questions, please call us. This agreement is subject to applicable federal laws and the laws of the state of Massachusetts (except to the extent that this agreement can and does vary such rules or laws). The body of state and federal law that governs our relationship with you, however, is too large and complex to be reproduced here. The purpose of this document is to:
As used in this document the words "we," "our," and "us" mean the financial institution and the words "you" and "your" mean the account holder(s) and anyone else with the authority to deposit, withdraw, or exercise control over the funds in the account. The headings in this document are for convenience or reference only and will not govern the interpretation of the provisions. Unless it would be inconsistent to do so, words and phrases used in this document should be construed so the singular includes the plural and the plural includes the singular. BYLAWS - Our bylaws, which we may amend from time to time, establish basic rules about our credit union policies and operations which affect your account and membership. You may obtain a copy of the bylaws on request. Our right to require you to give us notice of your intention to withdraw funds from your account is described in the bylaws. Unless we have agreed otherwise, you are not entitled to receive any original item after it is paid, although you may request that we send you an item(s) or a copy of an item(s). Dividends are based on current earnings and available earnings of the credit union, after providing for required reserves. LIABILITY - You agree, for yourself (and the person or entity you represent if you sign as a representative of another) to the terms of this account and the schedule of charges. You authorize us to deduct these charges directly from the account balance as accrued. You will pay any additional reasonable charges for services you request which are not covered by this agreement. Each of you also agrees to be jointly and severally (individually) liable for any account shortage resulting from charges or overdrafts, whether caused by you or another with access to this account. This liability is due immediately, and can be deducted directly from the account balance whenever sufficient funds are available. You have no right to defer payment of this liability, and you are liable regardless of whether you signed the item or benefited from the charge or overdraft. This includes liability for our costs to collect the deficit including, to the extent permitted by law, our reasonable attorneys' fees. DEPOSITS - We will give only provisional credit until collection is final for any items, other than cash, we accept for deposit (including items drawn "on us"). Actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars. We are not responsible for transactions by mail or outside depository until we actually record them. We will treat and record all transactions received after our "daily cutoff time" on a business day we are open, or received on a day we are not open for business, as if initiated on the next following business day that we are open. WITHDRAWALS - Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs in the space designated for signatures on the signature card may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person signing the signature card to indorse any item payable to you or your order for deposit to this account or any other transaction with us. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we may treat continued abuse of the stated limitations (if any) as your act of closing the account. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. AVAILABLE BALANCES - As a courtesy to our Members, all Checking account products accessed by paper check or electronic means (i.e., ACH or point-of-sale) will be extended an overdraft service. Our policy limits the dollar amount we will make available to your account for overdraft purposes and is subject to change. Please contact Member Services for current policy limits placed on overdrawn items. The criteria used to determine eligibility for our overdraft service are as follows:
OWNERSHIP OF ACCOUNT AND BENEFICIARY DESIGNATION - These rules apply to this account depending on the form of ownership and beneficiary designation, if any, specified on the account records. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds. Individual Account - is an account in the name of one person. Joint Account - With Survivorship (And Not As Tenants In Common) - is an account in the name of two or more persons. Each of you intend that when you die the balance in the account (subject to any previous pledge to which we have agreed) will belong to the survivor(s). If two or more of you survive, you will own the balance in the account as joint tenants with survivorship and not as tenants in common. Joint Account - No Survivorship (As Tenants In Common) - is owned by two or more persons, but none of you intend (merely by opening this account) to create any right of survivorship in any other person. We encourage you to agree and tell us in writing of the percentage of the deposit contributed by each of you. This information will not, however, affect the "number of signatures" necessary for withdrawal. Revocable Trust Account - One or two of you (called trustees) may create such an account in trust for another. Payments may be made to the trustee, or if there are two trustees, to either or both of the trustees or the survivor. Upon the death of the trustee or the death of both trustees, payment may be made to the person for whom the trust was made, or that person's legal representative. BUSINESS ACCOUNTS - Earnings in the form of interest, dividends, or credits will be paid only on collected funds, unless otherwise provided by law or our policy. We may require the governing body of the legal entity opening the account to give us a separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we actually receive written notice of a change from the governing body of the legal entity. STOP PAYMENTS - You must make any stop-payment order in the manner required by law and we must receive it in time to give us a reasonable opportunity to act on it before our stop-payment cutoff time. To be effective, your stop-payment order must precisely identify the number, date and amount of the item, and the payee. You may stop payment on any item drawn on your account whether you sign the item or not, if you have an equal or greater right to withdraw from this account than the person who signed the item. A release of the stop-payment request may be made only by the person who initiated the stop-payment order. Our stop-payment cutoff time is one hour after the opening of the next banking day after the banking day on which we receive the item. Additional limitations on our obligation to stop payment are provided by law (e.g., we paid the item in cash or we certified the item). TELEPHONE TRANSFERS - A telephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. Unless a different limitation is disclosed in writing, we restrict the number of transfers from a savings account to another account or to third parties, to a maximum of six per month (less the number of "preauthorized transfers" during the month). Other account transfer restrictions may be described elsewhere. AMENDMENTS AND TERMINATION - We may change our bylaws and any term of this agreement. Rules governing changes in rates are provided separately. For other changes we will give you reasonable notice in writing or by any other method permitted by law. We may close this account if your membership in the credit union terminates, or by giving reasonable notice to you and tender of the account balance personally or by mail. At our option, we may suspend your rights to member services if you violate the terms of this agreement. You must keep us informed of your current address at all times. Notice from us to any one of you is notice to all of you. STATEMENTS - You must examine your statement of account with "reasonable promptness." If you discover (or reasonably should have discovered) any unauthorized signatures or alterations, you must promptly notify us of the relevant facts. As between you and us, if you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we used ordinary care and, if not, whether we substantially contributed to the loss). The loss could be not only with respect to items on the statement but other items with unauthorized signatures or alterations by the same wrongdoer. You agree that the time you have to examine your statement and report to us will depend on the circumstances, but will not, in any circumstance, exceed a total of 30 days from when the statement is first sent or made available to you. You further agree that if you fail to report any unauthorized signatures, alterations, forgeries, or any other errors in your account within 60 days of when we first send or make the statement available, you cannot assert a claim against us on any items in that statement, and as between you and us the loss will be entirely yours. This 60-day limitation is without regard to whether we used ordinary care. The limitation in this paragraph is in addition to that contained in the first paragraph of this section. ACCOUNT TRANSFER - This account may not be transferred or assigned without our prior written consent. DIRECT DEPOSITS - If, in connection with a direct deposit plan, we deposit any amount in an account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability. TEMPORARY ACCOUNT AGREEMENT - If this option is selected, this is a temporary account agreement. Each person who signs in the space designated for signatures on the signature card (except as indicated to the contrary) may transact business on this account. However, we may at some time in the future restrict or prohibit further use of this account if you fail to comply with the requirements we have imposed within a reasonable time. RIGHT TO REPAYMENT OF INDEBTEDNESS - You each agree that we may (without prior notice and when permitted by law) charge against and deduct from this account any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons' or legal entity's right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we charge the account, including any balance the due date for which we properly accelerate under the note. In addition to these contract rights, we may also have rights under a "statutory lien." A "lien" on property is a creditor's right to obtain ownership of the property in the event a debtor defaults on a debt. A "statutory lien" is one created by federal or state statute. If federal or state law provides us with a statutory lien, then we are authorized to apply, without prior notice, your shares and dividends to any debt you owe us, in accord with the statutory lien. Neither our contract rights nor rights under a statutory lien apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan (but this does not affect our rights under any consensual security interest), or (c) the debtor's right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check or draft when the dishonor occurs because we charge and deduct an amount you owe us from your account. You agree to hold us harmless from any claim arising as a result of our exercise of our right to repayment. AUTHORIZED SIGNER (Individual Accounts only) - A single individual is the owner. The authorized signer is merely designated to conduct transactions on the owner's behalf. We undertake no obligation to monitor transactions to determine that they are on the owner's behalf. RESTRICTIVE LEGENDS - We are not required to honor any restrictive legend on checks you write unless we have agreed in writing to the restriction. Examples of restrictive legends are "must be presented within 90 days" or "not valid for more than $1,000.00." PAYMENT ORDER OF ITEMS - The law permits us to pay items (such as checks or drafts) drawn on your account in any order. To assist you in handling your account with us, we are providing you with the following information regarding how we process the items that you write. When processing items drawn on your account, our policy is to pay them according to the dollar amount. We pay the smallest items first. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. Our payment policy minimizes the number of items that may result in an overdraft or NSF fee. If an item is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed elsewhere. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees. CREDIT VERIFICATION - You agree that we may verify credit and employment history by any necessary means, including preparation of a credit report by a credit reporting agency. PLEDGES - Unless we agree otherwise in writing, each owner of this account may pledge all or any part of the funds in it for any purpose to which we agree. Any pledge of this account must first be satisfied before the rights of any surviving account owner or account beneficiary become effective. ACH AND WIRE TRANSFERS - This agreement is subject to Article 4A of the Uniform Commercial Code - Fund Transfers as adopted in the state in which you have your account with us. If you originate a fund transfer for which Fedwire is used, and you identify by name and number a beneficiary financial institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may rely on the identifying number to make payment. We may rely on the number even if it identifies a financial institution, person or account other than the one named. You agree to be bound by automated clearing house association rules. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. If we do not receive such payment, we are entitled to a refund from you in the amount credited to your account and the party originating such payment will not be considered to have paid the amount so credited. If we receive a credit to an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit. FACSIMILE SIGNATURES - You authorize us, at any time, to charge you for all checks, drafts, or other orders, for the payment of money, that are drawn on us regardless of by whom or by what means the facsimile signature(s) may have been affixed so long as they resemble the facsimile signature specimen filed with us, and contain the required number of signatures for this purpose. --------------------------
ELECTRONIC FUND TRANSFERS Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference. Electronic Funds Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic funds transfers between your account and the third party's account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearinghouse (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. In some cases, your authorization can occur when the merchant posts a sign informing you of their policy. In all cases, the transaction will require you to provide the third party with your account number and credit union information. This information can be found on your check or draft as well as on a deposit slip. Thus, you should only provide your credit union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic funds transfers. Examples of these transfers include, but are not limited to:
"Direct Access" Account Information Center Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (508) 979-4747 or 800-991-4296 using your personal identification number (PIN), a touch tone phone, and your account numbers, to:
"Card" Access Information If you request a First Citizens Federal Credit Union ATM Card or Visa® CheckCard "Debit Card", this Electronic Funds Transfer disclosure explains the services available to you and sets forth your rights and responsibilities in connection with the use of a Card. The initial use of the card by you with a PIN issued to you or chosen by you constitutes a legally binding contract that you agree to comply with the terms of card usage and/or limitations of the Card outlined in this disclosure. Your Option to Limit Cash Withdrawals - In addition to dollar amount limitations for withdrawals using your ATM card or VISA® CheckCard and/or code that we may establish, you have the option to limit the amount of cash that can be withdrawn by your ATM card or VISA® CheckCard and/or code to $50.00 per day or some other amount acceptable to us. ATM Transfers - types of transfers, dollar limitations, and charges - You may access your account(s) by ATM using your ATM card or Visa® CheckCard and PIN, to:
ATM Transactions Your ATM card allows you to access the NYCE® and Cirrus® banking terminals. Your Visa® CheckCard allows you to access the NYCE®, Cirrus® and Visa® banking terminals. Other networks may be added from time to time. There are electronic banking terminals throughout the US and worldwide which are authorized to accept your Card to the extent permitted by the Networks and applicable law. You can use your Card to access your designated statement savings or checking accounts. You will be able to:
Point-of-Sale Transactions - dollar limitations - Using your ATM card you may not exceed your $200.00 daily withdrawal limit. Types of Visa® CheckCard Point-of-Sale Transactions - You may access your checking account(s) to purchase goods (in person or by phone), pay for services (in person or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept. Point-of-Sale Transactions - dollar limitations - Using your Visa® CheckCard you may not exceed your $500.00 daily withdrawal limit. VISA® CHECKCARD "DEBIT CARD" The Card can be used to accomplish transactions involving your checking account. Your statement savings may be added to the Card for transactions involving the ATM. SERVICES THAT ARE PROHIBITED ON A VISA® CHECKCARD "DEBIT CARD" A Visa® CheckCard may not be used for any illegal transactions (i.e.: Gambling, etc.) SERVICES AVAILABLE FOR THE VISA® CHECKCARD "DEBIT CARD"
Additional Information on POS Transactions and Limitations
Termination -
DOCUMENTATION
PREAUTHORIZED PAYMENTS
BY MASSACHUSETTS LAW
FINANCIAL INSTITUTION'S LIABILITY If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:
In order that your privacy may be protected, we will not disclose any information about you or your account to any person, organization, or agency except:
UNAUTHORIZED TRANSFERS (a) Consumer liability. Tell us AT ONCE if you think your card and/or code has been lost, stolen or used without your permission. Telephoning is the best way, if any, of minimizing your possible losses. You can lose no more than $50 if you fail to give us notice of your lost or stolen card and/or code and your card and/or code is used without your permission. (b) Contact in event of unauthorized transfer. If you think your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed in this brochure. PROTECTED CONSUMER USE Chapter 167B of the Massachusetts General Laws was enacted to provide a means for financial institutions, businesses, and consumers to conduct their business relations more conveniently. Transferring funds electronically will supplement the use of checks, credit, and cash and will not replace these present methods of doing business. As a consumer, you should be aware of your rights if you choose to utilize this system.
ERROR RESOLUTION NOTICE In Case of Errors or Questions About Your Electronic Transfers, if you think your statement, passbook or receipt is wrong or if you need more information about a transfer listed on the statement, passbook or receipt, telephone or write us at 800-642-7515 (Monday through Friday) or 271 Union Street, New Bedford, MA 02740. We must hear from you no later than 60 days after we sent you the FIRST statement on which the problem or error appeared or, if the only transfer possible is a direct deposit to your passbook account, no later than 60 days after the problem or error was FIRST reflected in your passbook or statement.
If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. We will determine whether an error occurred within 10 calendar days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 calendar days to investigate your complaint or question. If we decide to do this, we will credit your account within 10 calendar days for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account. We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may inspect or ask for copies of the documents that we used in our investigation. If there is no error, we may impose on you a reasonable charge for making such reproductions. Back to top
FIRST CITIZENS' FEDERAL CREDIT
UNION MORE DETAILED INFORMATION IS
AVAILABLE -------------------------- YOUR ABILITY TO WITHDRAW FUNDS This policy statement applies to "transaction" accounts and share savings accounts. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third persons and an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Share draft accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be under this policy. Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written. Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open. If you make a deposit at an ATM before 12:00 noon on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at an ATM after 12:00 noon or on a day we are not open, we will consider that the deposit was made on the next business day we are open. If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited. Back to top
LONGER DELAYS MAY APPLY Case-by-case delays. In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit. The first $100 of your deposits, however, may be available on the first business day. If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Safeguard exceptions. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:
We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the ninth business day after the day of your deposit. SPECIAL RULES FOR NEW ACCOUNTS If you are a new member, the following special rules may apply during the first 30 days your account is open. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, U.S. Postal Money Orders, Federal Reserve Checks, Federal Home Loan Bank Checks, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available by the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available by the fifth business day after the day of your deposit. -------------------------- Back to top
REGULAR SAVINGS ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. If you close your share account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $1.00. You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. 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. Par value of a share: The par value of a share in this account is $1.00. Back to top
STATEMENT SAVINGS ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. If you close your share account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $1.00. You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. Transaction limitations: The maximum automated teller machine withdrawal may not exceed your daily limit. The above withdrawal limitation applies to this account in combination with Checking account(s). During any statement period, 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 preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers 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. Par value of a share: The par value of a share in this account is $1.00. Back to top
MONEY MARKET PASSBOOK ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. If you close your share account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $2,500.00. You must maintain a minimum daily balance of $20.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. 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. Par value of a share: The par value of a share in this account is $1.00. Back to top
MONEY MARKET STATEMENT ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. If you close your share account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $2,500.00. You must maintain a minimum daily balance of $20.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. Transaction limitations: During any statement period, 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 preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers 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. Par value of a share: The par value of a share in this account is $1.00. Back to top
1ST PLACE MONEY MARKET PASSBOOK ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. 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 $15,000.00. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. 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. Par value of a share: The par value of a share in this account is $1.00. Back to top
1ST PLACE MONEY MARKET STATEMENT ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. 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 $15,000.00. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. Transaction limitations: During any statement period, 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 preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers 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. Par value of a share: The par value of a share in this account is $1.00. Back to top
MONEY MARKET CHECKING
ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. If you close your share account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $2,500.00. You must maintain a minimum daily balance of $20.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. Transaction limitations: During any statement period, 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 preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers 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. Par value of a share: The par value of a share in this account is $1.00. Back to top
NOW CHECKING ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. If you close your account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: With direct deposit, there is no minimum balance requirement. Without direct deposit, you must maintain a daily balance of $500.00 in your account to avoid a below minimum balance fee. If, during the month, your account balance falls below the required minimum daily balance, your account will be subject to a below minimum balance fee of $7.00 for the month. You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. Transaction limitations: The maximum automated teller machine/VISA Check Card withdrawals may not exceed your daily limit. The above withdrawal limitation applies to this account in combination with Statement Savings account(s). Par value of a share: The par value of a share in this account is $1.00. Fees and charges: A servicing account charge fee of $7.00 will be charged each month if you do not maintain a $500.00 daily balance. This fee will not apply if the account holder is credited with direct deposit. An ATM transaction fee (card activity charges) will be charged for each foreign transaction in excess of eight during a statement cycle. An ATM transaction fee (card activity charges) will be charged for all inquiries during the statement cycle. Please refer to our separate fee schedule for charges. Back to top
BASIC CHECKING ACCOUNT Minimum balance requirements: No minimum balance requirements apply to this account. Transaction limitations: The maximum automated teller machine/VISA Check Card withdrawals may not exceed your daily limit. The above withdrawal limitation applies to this account in combination with Statement Savings account(s). Par value of a share: The par value of a share in this account is $1.00. Fees and charges: An ATM transaction fee (card activity charges) will be charged for each foreign transaction in excess of four during a statement cycle. An ATM transaction fee (card activity charges) will be charged for all inquiries during the statement cycle. Please refer to our separate fee schedule for charges. IMAGE CHECKING ACCOUNT Minimum balance requirements: With direct deposit, there is no minimum balance requirement. Without direct deposit, you must maintain a daily balance of $250.00 in your account to avoid a below minimum balance fee. If, during the month, your account balance falls below the required minimum daily balance, your account will be subject to a below minimum balance fee of $5.00 for the month. Transaction limitations: The maximum automated teller machine/VISA Check Card withdrawals may not exceed your daily limit. The above withdrawal limitation applies to this account in combination with Statement Savings account(s). Par value of a share: The par value of a share in this account is $1.00. Fees and charges: A servicing account charge fee of $5.00 will be charged each month if you do not maintain a $250.00 daily balance. This fee will not apply if the account holder has direct deposit. An ATM transaction fee (card activity charges) will be charged for each foreign transaction in excess of eight during a statement cycle. An ATM transaction fee (card activity charges) will be charged for all inquiries during the statement cycle. Please refer to our separate fee schedule for charges. Back to top
SELECT CHECKING ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. Minimum balance requirements: A below minimum balance fee of $10.00 will be imposed each month that the combined balances of a combination of Checking, Savings, IRAs, and Certificates of Deposit falls below $5,000.00 any day of the statement period. You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. Transaction limitations: The maximum automated teller machine/VISA Check Card withdrawals may not exceed your daily limit. The above withdrawal limitation applies to this account in combination with Statement Savings account(s). Par value of a share: The par value of a share in this account is $1.00. Fees and charges: A servicing account charge fee of $10.00 will be charged each month if you do not maintain a combined daily balance in your Savings account products of $5,000.00. Back to top
18/59 CHECKING ACCOUNT Minimum balance requirements: No minimum balance requirements apply to this account. Transaction limitations: The maximum automated teller machine/VISA Check Card withdrawals may not exceed your daily limit. The above withdrawal limitation applies to this account in combination with Statement Savings account(s). Par value of a share: The par value of a share in this account is $1.00. Fees and charges: An ATM transaction fee (card activity charges) will be charged for each foreign transaction in excess of four during a month. An ATM transaction fee (card activity charges) will be charged for all inquiries during the statement cycle. Please refer to our separate fee schedule for charges. 1ST PLACE CHECKING ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. 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 $15,000.00. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. Transaction limitations: The maximum automated teller machine/VISA Check Card withdrawals may not exceed your daily limit. The above withdrawal limitation applies to this account in combination with Statement Savings account(s). Par value of a share: The par value of a share in this account is $1.00. Back to top
CHRISTMAS CLUB ACCOUNT Rate Information: The dividend rate and annual percentage yield may change every year. We may change the dividend rate for your account as determined by the credit union board of directors. Compounding and crediting - Dividends will not be compounded. Dividends will be credited to your account annually. Dividend period - For this account type, the dividend period is annual, for example, the beginning date of the first dividend period of the calendar year is October 1, and the ending date of such dividend period is September 30 of the following year. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is September 30. If you close your share account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $5.00. You must maintain a minimum daily balance of $5.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. Par value of a share: The par value of a share in this account is $1.00. VACATION CLUB ACCOUNT Rate Information: The dividend rate and annual percentage yield may change every year. We may change the dividend rate for your account as determined by the credit union board of directors. Compounding and crediting - Dividends will not be compounded. Dividends will be credited to your account annually. Dividend period - For this account type, the dividend period is annual, for example, the beginning date of the first dividend period of the calendar year is June 1, and the ending date of such dividend period is May 31 of the following year. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is May 31. If you close your share account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $5.00. You must maintain a minimum daily balance of $5.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. Par value of a share: The par value of a share in this account is $1.00. Back to top
TIERED IRA STATEMENT SAVINGS ACCOUNT Rate Information: The dividend rate and annual percentage yield may change at any time. We may change the dividend rate for your account 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. Dividend period - 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 this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is February 1. If you close your share account before dividends are paid, you will not receive the accrued dividends. Minimum balance requirements: The minimum balance required to open this account is $1.00. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue no later than the business day we receive provisional credit for the placement of noncash items (for example, checks) to your account. 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. Par value of a share: The par value of a share in this account is $1.00. Fees and charges: An annual administration fee of $10.00 will be charged to your account. Back to top
COMPOUNDING Rate Information - The dividend rate on your term certificate is --------% with an annual percentage yield of ----------%. You will be paid this rate until first maturity. Compounding frequency - Unless otherwise paid, dividends will be compounded every month. Crediting frequency - Dividends will be credited to your account every month. Alternatively, you may choose to have dividends paid to you or to another account every month rather than credited to this account. Dividend period - For this account type, the dividend period is monthly. Effect of closing an account - 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 $500.00. You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. Transaction limitations: After the account is opened, you may not make additions into the account until the maturity date stated on the account. You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw dividends credited in the term before maturity of that term without penalty. You can withdraw dividends anytime during the term of crediting after they are credited to your account. Time requirements - Your account will mature ------------------------------------------------------ . Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) -
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. Withdrawal of dividends prior to maturity - The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings. Automatically renewable account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. If you prevent renewal, your funds will be placed in a dividend-bearing account. Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term certificates on the maturity date which have the same term, minimum balance (if any) and other features as the original term certificate. You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty. Back to top
MONEY MARKET CERTIFICATE Rate Information - The dividend rate
on your term certificate is Compounding frequency - Dividends will not be compounded. Crediting frequency - Dividends will be credited to your account at maturity. Dividend period - For this account type, the dividend period is the same as the term, beginning on the date the account is opened, and ending on the stated maturity date. Effect of closing an account - 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 $5,000.00. You must maintain a minimum daily balance of $5,000.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. Transaction limitations: After the account is opened, you may not make additions into the account until the maturity date stated on the account. You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You cannot withdraw dividends from your account before maturity. Time requirements - Your account will mature ---------------------------------------------------------- . Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) -
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. Automatically renewable account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. If you prevent renewal, your funds will be placed in a dividend-bearing account. Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term certificates on the maturity date which have the same term, minimum balance (if any) and other features as the original term certificate. You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty. Back to top
IRA COMPOUNDING Rate Information - The dividend rate
on your term certificate is Compounding frequency - Unless otherwise paid, dividends will be compounded every month. Crediting frequency - Dividends will be credited to your account every month. Alternatively, you may choose to have dividends paid to you or to another account every month rather than credited to this account. Dividend period - For this account type, the dividend period is monthly. Effect of closing an account - 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 $500.00. You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed annual percentage yield. Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. Transaction limitations: After the account is opened, you may not make additions into the account until the maturity date stated on the account. You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can only withdraw dividends credited in the term before maturity of that term without penalty. You can withdraw dividends anytime during the term of crediting after they are credited to your account. Fees and charges: An annual administration fee of $10.00 will be charged to your account. Time requirements - Your account will mature ----------------------------------------------------------- . Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) -
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan. Early withdrawal penalties will be waived for account holders 591/2 years of age or older. Withdrawal of dividends prior to maturity - The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings. Automatically renewable account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. If you prevent renewal, your funds will be placed in a dividend-bearing account. Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term certificates on the maturity date which have the same term, minimum balance (if any) and other features as the original term certificate. You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty. Back to top
COMMON FEATURES Bylaw requirements: You must complete payment of $1.00 in any account as a condition of admission to membership. Transaction limitation - 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. USA Patriot Act - If the Credit Union receives questionable photo ID information at the time of account opening, a hold and or flag may be placed on the account, thus disabling any transactions for 30 days. Nature of dividends - Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term share account(s).) National Credit Union Share Insurance Fund and MSIC - Member accounts are federally insured by the National Credit Union Share Insurance Fund up to $100,000.00. Excess for individual accounts are insured for up to $500,000.00, joint accounts are insured up to $1,100,000.00 by Massachusetts Share Insurance Corporation.
Please refer to our separate fee schedule for additional information about charges. -------------------------- These are the accounts you have opened or inquired about. Further details about these accounts are inside this brochure. If the figures are not filled in, please see the insert that is with this disclosure or your periodic statement. REGULAR SAVINGS ACCOUNT Prospective dividend rate: The prospective dividend rate on your account is --------% with a prospective annual percentage yield of --------% for the current dividend period. STATEMENT SAVINGS ACCOUNT Prospective dividend rate: The prospective dividend rate on your account is --------% with a prospective annual percentage yield of --------% for the current dividend period. MONEY MARKET PASSBOOK ACCOUNT Prospective dividend rate: Tier 1 - If your daily balance is $2,500.00 or more, a prospective dividend rate of --------% will be paid on the entire balance in your account, with a prospective annual percentage yield of --------% for this dividend period. Tier 2 - If your daily balance is more than $19.99, but is less than $2,500.00, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of --------% for this dividend period. MONEY MARKET STATEMENT ACCOUNT Prospective dividend rate: Tier 1 - If your daily balance is $2,500.00 or more, a prospective dividend rate of --------% will be paid on the entire balance in your account, with a prospective annual percentage yield of --------% for this dividend period. Tier 2 - If your daily balance is more than $19.99, but is less than $2,500.00, a prospective dividend rate of --------% will be paid on the entire balance in your account, with a prospective annual percentage yield of --------% for this dividend period. Back to top
1ST PLACE MONEY MARKET PASSBOOK ACCOUNT Prospective dividend rate: Tier 1 - If your daily balance is $75,000.00 or more, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 2 - If your daily balance is more than $49,999.99, but is less than $75,000.00, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 3 - If your daily balance is more than $24,999.99, but is less than $50,000.00, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 4 - If your daily balance is more than $14,999.99, but is less than $25,000.00, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 5 - If your daily balance is more than $2,499.99, but is less than $15,000.00, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 6 - If your daily balance is $2,499.99 or less, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. 1ST PLACE MONEY MARKET STATEMENT ACCOUNT Prospective dividend rate: Tier 1 - If your daily balance is $75,000.00 or more, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 2 - If your daily balance is more than $49,999.99, but is less than $75,000.00, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 3 - If your daily balance is more than $24,999.99, but is less than $50,000.00, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 4 - If your daily balance is more than $14,999.99, but is less than $25,000.00, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 5 - If your daily balance is more than $2,499.99, but is less than $15,000.00, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 6 - If your daily balance is $2,499.99 or less, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. MONEY MARKET CHECKING ACCOUNT Prospective dividend rate: Tier 1 - If your daily balance is $2,500.00 or more, a prospective dividend rate of --------% will be paid on the entire balance in your account, with a prospective annual percentage yield of --------% for this dividend period. Tier 2 - If your daily balance is more than $19.99, but is less than $2,500.00, a prospective dividend rate of --------% will be paid on the entire balance in your account, with a prospective annual percentage yield of --------% for this dividend period. NOW CHECKING ACCOUNT Prospective dividend rate: The prospective dividend rate on your account is --------% with a prospective annual percentage yield of --------% for the current dividend period. BASIC CHECKING ACCOUNT IMAGE CHECKING ACCOUNT SELECT CHECKING ACCOUNT Prospective dividend rate: The prospective dividend rate on your account is --------% with a prospective annual percentage yield of --------% for the current dividend period. 18/59 CHECKING ACCOUNT 1ST PLACE CHECKING ACCOUNT Prospective dividend rate: Tier 1 - If your daily balance is $75,000.00 or more, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage yield of ----------% for this dividend period. Tier 2 - If your daily balance is more than $49,999.99, but is less than $75,000.00, a prospective dividend rate of ----------% will be paid on the entire balance in your account, with a prospective annual percentage |
