Effective November 1, 2012

The following fees may be assessed against your account and the following transaction limitations, if any, applied to your account.

IV TRUTH IN SAVINGS

Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in this Truth-In-Savings Disclosure are share accounts.

1. Rate information: The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Regular Share,Christmas Club Share, Special Share Savings, the Dividend Rate and Annual Percentage Yield may change quarterly as determined by the Credit Union’s Board of Directors. The Dividend Rates and Annual Yield are the rates and yield as of the last dividend declaration date which is set forth in the Rate Schedule.
2. Nature of Dividends: Dividends are paid form current income and available earnings after required transfers to reserves at the end of the dividend period.
3. Dividend Compounding and Crediting: The compounding and crediting frequency of dividends and dividend period applicable to each account are stated in the 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.
4. Accrual of Dividends: For all accounts, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
5. Balance Information: To open any account you must deposit or already have on deposit at least par value of one full share in a Regular Share account. The par value amount is stated in the Fee Schedule. Some accounts may have additional minimum opening deposit requirements. The minimum balance requirements applicable to each account are stated in the Rate Schedule. For all accounts, there is a minimum Average Daily Balance required to earn the Annual Percentage Yield disclosed for the dividend period. If the minimum average daily balance is not met, you will not earn the Annual Percentage Yield stated in the Rate Schedule. For accounts using the Average Daily Balance method as stated on the Rate Schedule, dividends are calculated by applying a periodic rate to the Average Daily Balance in the account for the dividend period. The Average Daily Balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
6. Account Limitations: For Share Savings and Sub accounts you will be charged a fee as disclosed in the Fee Schedule for any withdrawal from your account in excess of four (4) per quarter. For Christmas Club accounts, the entire balance will be paid to you by check to another account of yours on or after November 1st and the account will remain open. For Share Draft/Checking accounts, no account limitations apply.