Common use of Changes in Policy Clause in Contracts

Changes in Policy. If we change the policies defined herein we will notify you. If the change is less restrictive we will notify you within 30 days of making the change. If the change is more restrictive we will notify you at least 30 days before implementing the change. Variable Rate Accounts. All of the accounts below are variable rate accounts. The dividend rate and Annual Percentage Yield may change every quarter based on the determination of the credit union Board of Directors. The dividend rate and Annual Percentage Rate for the Achieve Account (formerly MeChecking Account) may change monthly. Compounding and Crediting. Dividends on Share Accounts, Uniform Transfer to Minors Act Accounts, Club Accounts and Perform Accounts (formerly Performance Check Accounts) will be compounded quarterly and will be credited quarterly. For these account types, 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 is April 1. Dividends on the Achieve Account (formerly MeChecking Account) will be compounded monthly and will be credited monthly. To receive dividends and waived non-network ATM fees, you must be enrolled in eStatements and Online Branch, make 15 MAX Check Card purchases per month, and have at least one direct deposit or mobile deposit per month. If you close any of your MAX accounts before dividends are credited, you will not receive accrued dividends for that account.