Nature of Dividends
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Compounding and Crediting
Dividends will be compounded monthly and will be credited to your account monthly. If you close this account before dividends are paid, you will receive the accrued dividends.

Minimum Balance Requirements
The minimum balance to open this account is $2,500.00. If the balance falls below the $2,500.00 minimum, you may be charged a fee as shown under "Fees and Charges".

Balance Computation Method
Dividends on this account are calculated using the Average Daily Balance method. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.

Date Dividends Accrue
Dividends will begin to accrue on the business day you deposit non-cash items to your account.

Transaction Limitations
Up to six (6) transfers are permitted per month at no charge, three (3) of which can be by check (i.e. each withdrawal by check in excess of three (3) per month is charged as shown in the fee schedule). Each withdrawal or transfer in excess of six (6) per month is charged as shown under "Fees and Charges."

Insurance
Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Bylaw Requirement
The credit union reserves the right, at any time, to require members to give, in writing, not more than 60 days notice of intention to withdraw the whole or any part of the amounts paid in by them except for those amounts paid into share checking accounts.

No member may withdraw shareholdings that are pledged as required security on loans without the written approval of a loan officer, except to the extent that such shares exceed the member's total primary and contingent liability to the credit union.

No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to the credit union if he/she is delinquent as a borrower, or if borrowers for whom he/she is a comaker, endorser, or guarantor are delinquent, without the written approval of a loan officer.