General Account Conditions:

• The Credit Union's dividend rate and Annual Percentage Yield (APY) may change weekly, however, once your certificate is issued your dividend rate will remain fixed until maturity unless you have a 4 to 5 year “bump rate” certificate and elect a one-time interest rate bump.
  
  
• Dividends are compounded and posted quarterly and at maturity to the certificate unless you request that the dividends be transferred to your savings account.
  
  
• The APY is based on the assumption that dividends will remain on deposit until maturity.
  
  
• Dividends begin to accrue no later than the day credit is received under the availability schedule established by Regulation CC.
  
  
• Dividends will begin to accrue on the business day you acquire your certificate. If your check is returned NSF the certificate will be redeemed and no dividends will be earned.
  
  
• Once a certificate is created, no deposits or withdrawals will be allowed.
  
  
• If your certificate is redeemed before maturity, dividends shall be payable from date of issuance to date of redemption at a rate of 1% below the current regular savings simple interest. The Credit Union may omit this penalty in case of death of owners, when the individual becomes legally incompetent, or when IRA terms allow.
  
  
• If this certificate is issued in the name of two or more individuals, as joint tenants, they shall hold the account with right of survivorship. The Credit Union can honor the withdrawal order of any joint owner.
  
  
• If the account is opened under the conditions of Payable on Death (POD), ownership of account shall vest in the POD payee(s) upon proof of death of all of the original payee(s).
  
  
• Your savings certificate will automatically be transferred into the designated savings account on the maturity date.
  
  
• Your certificate is not transferable and may not be pledged or assigned except to the Credit Union. IRA deposits may not be pledged or assigned at any time.
  
  
• Savings certificates require a minimum opening balance of $500. A $25 membership share is required.
  
  
• Share certificates with a 4 to 5 year maturity have a one-time interest rate “bump” option. You can notify the Credit Union anytime during the original term of the certificate to adjust the rate to the 48-month certificate rate in effect on the date of the notification. Only one rate “bump” is allowed during the term of the original certificate. It is your responsibility to notify the Credit Union on the business day you want the rate “bump” to take effect and to notify the Credit Union immediately if the “bump” rate does not appear on your next Credit Union account statement. Only certificates opened on or after October 1, 2003 are eligible for the “bump” option. The “bump rate” is not retroactive and only applies from the business day you requested the “bump” to the original maturity date of the certificate. All other terms of the original certificate, including the maturity date, remain unchanged.