Intro Dividend Rewards Checking

Intro Dividend Rewards Checking				Effective Date: January 1, 2020
Account	Dividend Rate	APY ¹	Min. Opening Balance	Min. Avg. Daily Balance to Avoid Fee	Dividend Compounded & Credited	Dividend Period
Dividend Rewards Checking (Qualified Rate)
$0.01 - $15,000.00	2.96%	3.00%	$0.01	NA	Monthly	Monthly
$15,000.01 +	0.20%	0.20%	$0.01	NA	Monthly	Monthly
Dividend Rewards Checking (Non-Qualified Rate)	0.05%	0.05%	$0.01	NA	Monthly	Monthly

1= Annual Percentage Yield

TRUTH-IN-SAVINGS DISCLOSURE

Savings and Checking, HSA Checking, IRA, Roth and Coverdell Savings

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

We compound and credit your dividends monthly.

Dividend period

For the above account types, 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 date pattern. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

Minimum balance requirements
We list the minimum balance required to open an account on our rate sheets.

Daily balance computation method

We calculate dividends by the daily balance method, which applies a daily periodic rate to your daily account balance.

Accrual of dividends on noncash deposits

Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account.

Transaction limitations

Applies only to Savings accounts. As required by Federal Reserve Regulation D, you may not make more than six withdrawals or transfers to your credit union account or to a third party by means of a preauthorized or automatic transfer, overdraft, Online and Mobile Banking, telephone order or instructions during any statement period.

Bylaw requirements
You must complete payment of one share in your Membership Savings account as a condition of your membership.

Nature of dividends

We pay dividends from current income and available earnings, after reserve transfers at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term share account(s).) Please refer to our rate sheet for current dividend rates and annual percentage yield information and to our fee schedule for additional information about charges.

APPLIES ONLY TO INTRO DIVIDEND REWARDS CHECKING ACCOUNT

Rate Information

Your dividend rate and corresponding annual percentage yield (APY) will either be the “qualified” or “non-qualified” rate, depending on whether or not your account qualified during the monthly cycle. Intro Dividend Rewards account will automatically convert to a non-intro Dividend Rewards Checking after 12th complete month after account opening date at the rate offered at the time of the conversion.

Limit: One Intro Dividend Rewards Checking Account or Dividend Rewards Checking Account per member.

Qualification requirements per monthly cycle:

· Make 12 debit card purchases

· Have 1 direct deposit or ACH withdrawal

· Be enrolled in electronic statements

Qualifying transactions must post to your account prior to the last day of the month. Debit card purchases can take up to 3 days to post and depend on merchant processing times. If you don’t meet the requirements for a qualification period, you’ll earn the non-qualified rate and corresponding APY. We’ll refund any U.S. ATM fees charged if you meet the account qualifications in the month you incurred the fee.

National Credit Union Share Insurance Fund

Your credit union accounts are federally insured by the National Credit Union Share Insurance Fund.

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