Common use of Your Checking Account Clause in Contracts

Your Checking Account. As long as you have available funds in your Share Checking Account, and subject to any applicable state or federal laws and regulations, the transaction limitations in this Agreement, including the Truth in Savings Disclosure, and the Credit Union’s Bylaws, money can be withdrawn from this account by any method approved by the Credit Union. If checks are not ordered through the Credit Union, the Credit Union may assess a fee whenever problems in clearing such checks in an automated fashion arise. When you order checks through the Credit Union, the Credit Union will charge your account for the cost of those checks, which will vary depending on the style ordered. You may select checks from the current styles available. You agree that we may refuse to pay a check you write if it is presented at our offices by a person (other than a bank, clearing house, or governmental unit) who is not a member unless the presenter pays us the Non-Member Check Cashing Fee set forth in our Fee Schedule. Rate and Annual Percentage Yield ("APY"). Your Share Checking Account will earn dividends at rates established by the Credit Union's Board from time to time. The Credit Union reviews the dividend rate it pays on your Share Checking Account each dividend period. Refer to the Rate Schedule for our current dividend rates. The dividend rate and APY may change every calendar quarter as determined by the Credit Union. This is a variable rate account. The applicable rates will be available each business day at our office. Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Compounding. We compound your dividends, even though that isn't required by law. Compounding is more favorable to you, because once dividends have been credited to your account; they are added to the balance on which you will earn future dividends. Because we compound dividends, the Annual Percentage Yield (APY) on your account will be somewhat higher than the dividend rate, although for lower rates, the percentage figures shown on your disclosures and statements may be the same due to rounding. The Annual Percentage Yield (APY) will be posted along with the dividend rate. For this account type, the dividend period is the calendar quarter. 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. Dividends will be compounded quarterly. The prospective dividend rate for each quarter will be determined during the last month of the previous quarter. Crediting Dividends. Dividends will be credited quarterly. Dividends are not available to you until they have been credited to your account. Even though your account earns dividends every day, we don't actually credit them to your account until the last day of the applicable dividend period. Dividends that are credited to your account will be added directly into your account. If you close your account before dividends are paid, you will not receive any accrued but unpaid dividends. Minimum Balance to Earn Dividends. You earn dividends on your Share Checking Account each day. There is no minimum balance required to earn dividends. We reserve the right to adjust minimum balance required to earn dividends from time to time.

Your Checking Account. As long as you have available funds in your Share Checking Account, and subject to any applicable state or federal laws and regulations, the transaction limitations in this Agreement, including the Truth in Savings Disclosure, and the Credit Union’s Bylaws, money can be withdrawn from this account by any method approved by the Credit Union. If checks are not ordered through the Credit Union, the Credit Union may assess a fee whenever problems in clearing such checks in an automated fashion arise. When you order checks through the Credit Union, the Credit Union will charge your account for the cost of those checks, which will vary depending on the style ordered. You may select checks from the current styles available. You agree that we may refuse to pay a check you write if it is presented at our offices by a person (other than a bank, clearing house, or governmental unit) who is not a member unless the presenter pays us the Non-Member Check Cashing Fee set forth in our Fee Schedule; or if we cannot properly identify the presenter. Rate and Annual Percentage Yield ("APY"). Your Share Checking Account will earn dividends at rates established by the Credit Union's Board from time to time. The Credit Union reviews the dividend rate it pays on your Share Checking Account each dividend period. Refer to the Rate Schedule for our current dividend rates. The dividend rate and APY may change every calendar quarter as determined by the Credit Union. This is a variable rate account. The applicable rates will be available each business day at our office. Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Compounding. We compound your dividends, even though that isn't is not required by law. Compounding is more favorable to you, because once dividends have been credited to your account; they are added to the balance on which you will earn future dividends. Because we compound dividends, the Annual Percentage Yield (APY) on your account will be somewhat higher than the dividend rate, although for lower rates, the percentage figures shown on your disclosures and statements may be the same due to rounding. The Annual Percentage Yield (APY) will be posted along with the dividend rate. For this account type, the dividend period is the calendar quarter. 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. Dividends will be compounded quarterly. The prospective dividend rate for each quarter will be determined during the last month of the previous quarter. Crediting Dividends. Dividends will be credited quarterly. Dividends are not available to you until they have been credited to your account. Even though your account earns dividends every day, we don't do not actually credit them to your account until the last day of the applicable dividend period. Dividends that are credited to your account will be added directly into your account. If you close your account before dividends are paid, you will not receive any accrued but unpaid dividends. Minimum Balance to Earn Dividends. You earn dividends on your Share Checking Account each day. There is no minimum balance required to earn dividends. We reserve the right to adjust minimum balance required to earn dividends from time to time. How Withdrawals Affect Dividends. Even though we do not credit your dividends to your account until the date specified above, we calculate dividends on a daily basis. Therefore, if you make a withdrawal, you will not receive any further dividends on the withdrawn amount from the day you make the withdrawal until the day that dividends are credited.

Your Checking Account. As long as you have available funds in your Share Checking Account, and subject to any applicable state or federal laws and regulations, the transaction limitations in this Agreement, including the Truth in Savings Disclosure, and the Credit Union’s Bylaws, money can be withdrawn from this account by any method approved by the Credit Union. If checks are not ordered through the Credit Union, the Credit Union may assess a fee whenever problems in clearing such checks in an automated fashion arise. When you order checks through the Credit Union, the Credit Union will charge your account for the cost of those checks, which will vary depending on the style ordered. You may select checks from the current styles available. You agree that we may refuse to pay a check you write if it is presented at our offices by a person (other than a bank, clearing house, or governmental unit) who is not a member unless the presenter pays us the Non-Member Check Cashing Fee set forth in our Fee Schedule. Rate and Annual Percentage Yield ("APY"). Your Share Checking Account will earn what are known as dividends. Dividends are like interest, except that the rate of dividends at rates established is set by the Credit Union's Board of Directors (the "Board") from time to time, and dividends are not guaranteed. The Credit Union reviews the estimates a prospective dividend rate it pays and corresponding annual percentage yield (APY) on your Share Checking Account Accounts for each dividend period. Refer to the Rate Schedule for our current dividend rates. The dividend rate and APY may change every calendar quarter month as determined by the Credit Union. This is a tiered rate, variable rate account. Once a particular tier range is met, the dividend rate and APY will apply to the daily balance of the account. The applicable Credit Union’s current dividend rates will be available each business day at our office. Daily balance Refer to our current Rate Schedule for our current dividend rates, APY and tiers applicable to your Checking Account. Balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Compounding. We compound your dividends, even though that isn't required by law. Compounding is more favorable to you, because once dividends have been credited to earned by your account; account they are added to the balance on which you will earn future dividends. Because we compound dividends, the Annual Percentage Yield (APY) on your account will be somewhat higher than the dividend rate, rate although for lower rates, rates the percentage figures shown on your disclosures and statements may be the same due to rounding. The Annual Percentage Yield (APY) will be posted along with the dividend rate. For this account type, the dividend period is the calendar quartermonth. For example, The Dividend Period is the beginning date period of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the first dividend period month and ends on the last calendar day 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. Dividends will be compounded quarterly. The prospective dividend rate for each quarter will be determined during the last month of the previous quartermonth. Crediting Dividends. Dividends will be credited quarterlymonthly. Dividends are not available to you until they have been credited to your account. Even though your account earns dividends every day, we don't actually credit them to your account until the last day of the applicable dividend periodDividend Period. Dividends that are credited to your account will be added directly into your account. If you close your account before dividends are paid, you will not receive any the accrued but unpaid dividends. Minimum Balance to Earn Dividends. You earn dividends on your Share Checking Account each day. There is no minimum You must maintain a daily balance required of $5,000.00 in order to earn dividendsthe disclosed APY. You must maintain $5.00 on deposit in your Primary Savings Account to retain a Checking Account. We reserve the right to adjust minimum balance required to earn dividends from time to time.

Your Checking Account. As long as you have available funds money in your Share Checking Account, and subject to any applicable state or federal laws and regulations, the transaction limitations in this Agreement, including the Truth in Savings Disclosure, and the Credit Union’s Bylaws, money can be withdrawn from this account by any method approved by the Credit Union. If checks are not ordered through the Credit Union, the Credit Union may will assess a fee whenever problems in clearing such checks in an automated fashion arise. When you order checks through the Credit Union, the Credit Union will charge your account for the cost of those checks, which will vary depending on the style ordered. You may select checks from the current styles available. You agree that we may refuse to pay a check you write if it is presented at our offices by a person (other than a bank, clearing house, or governmental unit) who is not a member unless the presenter pays us the Non-Member Check Cashing Fee set forth in our Fee Schedule. Rate and Annual Percentage Yield ("APY"). Your Share Checking Account will earn dividends dividends, at rates established by the Credit Union's Board from time to time. The Credit Union reviews the dividend rate annual percentage yield (APY) it pays on your Share Checking Account each dividend period. Refer to the Rate Schedule for our current dividend rates. The dividend rate and APY may change every calendar quarter as determined by the Credit Union. This is a variable rate account. The applicable rates will be available each business day at our office. Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Compounding. We compound your dividends, even though that isn't required by law. Compounding is more favorable to you, because once dividends have been credited to your account; they are added to the balance on which you will earn future dividends. Because we compound dividends, the Annual Percentage Yield (APY) actual yield on your account will be somewhat higher than the annual dividend rate, although for lower rates, the percentage figures shown on your disclosures and statements may be the same due to rounding. The Annual Percentage Yield (APY) will be posted along with the annual dividend rate. For this account type, the dividend period is the calendar quarter. 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. Dividends will be compounded quarterly. The prospective dividend rate for each quarter will be determined during the last month of the previous quarter. Crediting Dividends. Dividends will be credited quarterly. Dividends are not available to you until they have been credited to your account. Even though your account earns dividends every day, we don't actually credit them to your account until the last day of the applicable dividend period. Dividends that are credited to your account will be added directly into your account. If you close your account before dividends are paid, you will not receive any accrued but unpaid dividends. Minimum Balance to Earn Dividends. You earn dividends on your Share Checking Account each day. There day that your account balance is no minimum balance required to earn dividends$5.00 or more. We reserve the right to adjust minimum balance required to earn dividends from time to time.