Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
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. For all dividend-bearing Accounts, dividends will be earned daily for each day on which Your balance exceeds the minimum balance requirement for Your Account. For all dividend-bearing Accounts, the dividend period is Monthly and dividends will be compounded and credited to Your Account Monthly.
Nature of Dividends. The Credit Union pays dividends from current income and available earnings, after required transfers to reserves at the end of the dividend period, thus dividends are not guaranteed. The Dividend Rate and Annual Percentage Yield set forth in the Schedule are prospective rates and yields the Credit Union anticipates paying for the applicable dividend period.
Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Variable Rate Information. For all variable-rate Accounts, the dividend rate and APY may change at any time based on the determination of the Credit Union's Board of Directors.
Nature of Dividends. Dividends are paid from current income and available earnings at the end of the dividend period. The Dividend Rate and APY are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. National Credit Union Share Insurance Fund: Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund.
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 and credited as set forth on the Rate Schedule. For dividend bearing accounts, the dividend period begins on the first calendar day of the period and ends on the last calendar day of the period. If you close your account before dividends are paid, you will not receive the accrued dividends.
Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves, at the end of a dividend period. Withdrawal of Dividends Prior to Maturity. For all Certificate Account types, the Annual Percentage Yield assumes that dividends remains on deposit until maturity. A withdrawal will reduce earnings.
Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Additional Transaction Limitations. For all Accounts (except share draft/ checking Accounts) during any statement period, You may not make more than six withdrawals from or transfers to another Credit Union Account of Yours or to a third party by means of a pre-authorized or automatic transfer or telephonic order or instruction, or by check, draft, debit card, if applicable, or similar order to a third party. If You exceed these limitations, Your Account may be subject to closure by the Credit Union. The Credit Union reserves the right to require a member intending to make a withdrawal to give written notice of such intent not less than seven days and up to 60 days before any such withdrawal. Compounding and Crediting. For all dividend-bearing Accounts, dividends will be earned daily for each day on which Your balance exceeds the minimum balance requirement for Your Account. You will not be paid any dividends that have accrued but have not yet been credited at the time You close Your Account. For information on the dividend period, compounding frequency and the crediting frequency refer to the accompanying Account Disclosure Rate Supplement which We have included with and made a part of this Disclosure. Balance Computation Method. For all dividend-bearing Accounts, dividends are calculated by the average daily balance method which applies a daily periodic rate to the average daily balance for the average daily balance calculation period. The average daily balance is determined by adding the full amount of the principal in Your Account for each day of the period and dividing that figure by the number of days in the period. Accrual on Noncash Deposits. For dividend-bearing Accounts, dividends will begin to accrue on the business day that You place noncash items (e.g. checks) nto Your Account Fees and Charges. Any fees and charges applicable to Your Account are disclosed separately in the “Schedule of Fees and Charges” provided in conjunction with these Agreements and Disclosures. ELECTRONIC SERVICES AGREEMENT AND DISCLOSURE THIS IS YOUR ELECTRONIC SERVICES AGREEMENT AND DISCLOSURE. IT INCLUDES NECESSARY STATEMENTS AND ANY SPECIAL INSTRUCTIONS REGARDING THE USE OF YOUR AUTOMATED TELLER MACHINE (ATM) CARD OR DEBIT CARD, OUR AUDIO RESPONSE ACCOUNT ACCESS SYSTEM (“PHONE BANKING”) AND OUR PERSONAL COMPUTER ACCOUNT ACCESS SYSTEM (“BU...
Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. Dividend Compounding and Crediting – The compounding and crediting frequency of dividends and dividend period applicable to each account are stated in the Credit Union’s Truth-In-Savings Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. Accrual of Dividends - Dividends will begin to accrue on the business day we receive provisional credit for the deposit of noncash items (e.g. checks) to your account. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Balance Information - Any minimum deposit to open an account and the minimum average daily balance you must maintain to avoid service fees and to earn the annual percentage yield stated for your account is set forth in the Credit Union’s Truth-In-Savings Rate Schedule. − Average Daily Balance Method. For share draft (checking), club account (savings), and IRA savings account, dividends and minimum balances are calculated by the Average Daily Balance Method, which is determined by adding the full amount of principal to the account for each day of the period and dividing that figure by the number of days in that period.
