EFFECTIVE DATE: May 23, 2013
Subject to change without notice
*APY (Annual Percentage Yield). **Each cycle the minimum requirements are met, 1.00% Annual Percentage Yield (APY) will be paid on balances between one penny and $25,000, as well as 0.05% APY paid on all amounts above $25,000. **Rates as of November 1, 2012. No minimum balance required, however you must deposit a minimum of $25 to open the account. If you do not meet the requirements per qualification cycle, your account will not earn dividends. ***Money Market account rates last updated November 1, 2012. Money Market accounts provide the opportunity to earn higher dividends when the daily ending balance is $2500 or more. Dividends on Money Market Accounts are calculated daily. For each day the daily ending balance is $2500 or more, the prospective Dividend Rate set forth above will be used to calculate dividends on the ending balance for that day. On any day the daily ending balance drops below $2500, the Regular Share Dividend Rate will be used to calculate dividends on the ending balance for that day.
The payment of dividends is governed by our Regulatory Agency, the National Credit Union Administration (NCUA). For all accounts except Term Share Certificates, dividends are paid monthly from the Credit Union's current income and available earnings, after the Credit Union has made any required Regulatory transfer (if applicable) to the Credit Union's reserve account. Whenever necessary, transfers to reserve accounts are made to ensure the continued financial stability and soundness of the Credit Union. Fees or other conditions could reduce earnings on any of the listed accounts. For all Share, Checking and Money Market Accounts, the prospective Dividend Rate and prospective APY are set forth above. The Dividend Rates and APY on Regular Shares, Checking and Money Market Accounts are subject to change at any time, as determined by the Credit Union's Board of Directors.
All Rates and Terms are subject to change without notice.
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