Rate Information
The dividend rate and annual percentage yield may change at any time, 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
The minimum that is required to open this account is the purchase of one share in the credit union. Please request to see the bylaw requirements in our complete account disclosure for additional information.
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 Non-cash Deposits
Dividends will begin to accrue on the first business day after the banking day you place non-cash items (for example, checks) to your account.
Transaction Limitations
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
pre-authorized, automatic or computer 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 $5.00.
Rate Information
The dividend rate and annual percentage yield may change at any time, 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
No minimum balance requirements apply to this account.
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 Non-cash Deposits
Dividends will begin to accrue on the first business day after the banking day you place non-cash items (for example, checks) to your account.
Transaction Limitations
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
pre-authorized, automatic or computer 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.
Rate Information
The dividend rate and annual percentage yield may change at any time, 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 December 16, and the ending date of such dividend period is December 15 of the following year. All other dividend periods follow this same pattern of dates.
The dividend declaration date is the last day of a dividend period, and for the example above is December 15.
Minimum Balance Requirements
No minimum balance requirements apply to this account.
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 Non-cash Deposits
Dividends will begin to accrue on the first business day after the banking day you place non-cash items (for example, checks) to your account.
Transaction Limitations
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
pre-authorized, automatic or computer transfer or telephonic order or
instruction or similar order to a third party.
Rate Information
The dividend rate and annual percentage yield may change at any time, 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 a dividend period, and for the example above is September 30.
Minimum Balance Requirements
No minimum balance requirements apply to this account.
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 Non-cash Deposits
Dividends will begin to accrue on the first business day after the banking day you place non-cash items (for example, checks) to your account.
Transaction Limitations
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
pre-authorized, automatic or computer transfer or telephonic order or
instruction or similar order to a third party.
Rate Information
The dividend rate and annual percentage yield may change at any time, 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
The minimum that is required to open this account is the purchase of one share in the credit union. Please request to see the bylaw requirements in our complete account disclosure for additional information.
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 Non-cash Deposits
Dividends will begin to accrue on the first business day after the banking day you place non-cash items (for example, checks) to your account.
Transaction Limitations
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
pre-authorized, automatic or computer transfer or telephonic order or by
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 $5.00.
Rate Information
The dividend rate and annual percentage yield may change at any time, as determined by the credit union management.
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
The minimum required to open this account is $2,500.00 for Option 1, $10,000.00 for Option 2. You must maintain a minimum daily balance of $2,500.00 for Option 1, $10,000.00 for Option 2, 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 Non-cash Deposits
Dividends will begin to accrue on the first business day after the banking day you place non-cash items (for example, checks) to your account.
Transaction Limitations
The minimum deposit we allow is $300.00 per deposit for Option 1, $900.00
for Option 2. 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 pre-authorized or automatic transfer. 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.
Fees and Charges
An excessive withdrawal fee of $10.00 will be charged for each withdrawal in excess of three during a month. An account fee of $10.00 will be charged for each withdrawal under $500.00 for Option 1, $1,500.00 for Option 2. A transfer fee of $10.00 will be charged if the daily balance for the account falls below $2,500.00 for Option 1, $10,000.00 for Option 2, for two consecutive months. The account will then be transferred to a Regular Share Account. A closing fee of $10.00 will be charged if an account is closed within 90 days.
Rate Information
The dividend rate and annual percentage yield may change at any time, as determined by the credit union management.
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
The minimum that is 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 Non-cash Deposits
Dividends will begin to accrue on the first business day after the banking day you place non-cash items (for example, checks) to your account.
Transaction Limitations
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
pre-authorized, automatic or computer transfer or telephonic order or by
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.
Rate Information
The dividend rate and annual percentage yield may change at any time, 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 draft account before dividends are paid, you will not receive the accrued dividends.
Minimum Balance Requirements
You must maintain a minimum daily balance of $200.00 in your account to avoid a minimum balance charge. If, during any monthly statement cycle, your account balance falls below the required minimum daily balance, your account will be subject to a minimum balance charge of $3.00 once during the monthly statement cycle. 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 Non-cash Deposits
Dividends will begin to accrue on the first business day after the banking day you place non-cash items (for example, checks) to your account.
Transaction Limitations
No transaction limitations apply to this account.
Minimum Balance Requirements
No minimum balance requirements apply to this account.
Transaction Limitations
No transaction limitations apply to this account.
Rate Information
The dividend rate and annual percentage yield as stated will be paid until first maturity.
Compounding, Crediting and Dividend Period
For each term, you may choose the Dividend Period and the manner in which dividends are paid. The Annual Percentage Yield and method of Crediting and Compounding Dividends is based on your choice. The Annual Percentage Yield quoted is based on quarterly dividend to certificate.
|
Dividends
to Certificate |
Dividends
to Member |
Dividends
to Account |
| 90 Day Certificate |
At Maturity |
Monthly or At Maturity |
Monthly or At Maturity |
| 6 Month or At Maturity |
Quarterly |
Monthly, Quarterly or At Maturity |
Monthly, Certificate Quarterly or At Maturity |
| 9 Month Certificate |
Quarterly |
Monthly or Quarterly |
Monthly or Quarterly |
| 12 Month Certificate |
Quarterly |
Monthly, Quarterly, Semi-annually or Annually |
Monthly, Quarterly, Semi-annually or Annually |
| 24 Month Certificate |
Quarterly |
Monthly, Quarterly, Semi-annually or Annually |
Monthly, Quarterly, Semi-annually or Annually |
| 30 Month Certificate |
Semi-annually |
Monthly or Semi-annually |
Monthly or Semi-annually |
Minimum Balance Requirements
The minimum required to open this account varies with each certificate and is listed on the current rates page. You must maintain the disclosed minimum daily balance 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 Non-cash Deposits
Dividends will begin to accrue on the first business day after the banking day you place non-cash 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 withdraw dividends accrued 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. This dividend withdrawal limitation does not apply if you have made arrangements to have dividends paid to you or to another account in lieu of having them credited to this account.
Time Requirements
The term of the certificate you choose dictates the time requirement. The certificate must remain open for the entire term.
Early Withdrawal Penalties (a penalty may be imposed for withdrawals before maturity)
The penalty we impose will equal 90 days of dividends on the amount withdrawn subject to penalty. 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. See your plan disclosure if this account is part of an IRA or other qualified tax 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. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, dividends will not accrue after final maturity. 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 share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account. You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty.
Rate Information
The dividend rate and annual percentage yield may change at any time, as determined by the credit union management.
Compounding and crediting
Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.
Dividend Period
For this account type, the dividend period is quarterly, 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 March 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 April 1.
Minimum Balance Requirements
No minimum balance requirements apply to this account.
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 Non-cash Deposits
Dividends will begin to accrue on the first business day after the banking day you place non-cash 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 pre-authorized, automatic
or computer transfer, telephonic order or instruction, or similar order to a
third party.
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