Payment of Dividends. 1. The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union, the Federal Credit Union Act, and the Truth-in-Savings Act and Regulations. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period.
Appears in 9 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
Payment of Dividends. 1. The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union, the Federal Credit Union Act, and the Truth-in-Savings Act and Regulations. Dividends are paid from current fromcurrent income and available earnings after required transfers to reserves at the end of a dividend period.
Appears in 4 contracts
Samples: Master Account Agreement, Master Account Agreement, Master Account Agreement
Payment of Dividends. 1. The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union, the Federal California Credit Union ActLaw, and the Truth-in-Savings Act and Regulations. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period.
Appears in 1 contract
Samples: Account Agreement
