Truth-in-Savings
Disclosures for Your Deposit Accounts

Regular Share Account

Credit Union Membership - this account is required to be maintained in order to establish your voluntary membership in the credit union and obtain such as a valuable union benefit and entitlement. This membership used properly and maintained in good standing will enhance and enrich your earnings retention ability.

Rate information - Your deposit interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your deposit account at any time.

Determination of rate - The Board of Directors of the Credit Union meet monthly at which time they may change the interest rate on your deposit account at their discretion.

Compounding and crediting frequency - Interest will be paid and compounded every quarter. Interest will be credited to your account quarterly.

Effect of closing an account - If you close your account before interest is credited you will not receive the accrued interest.

Minimum balance to open an account - You must deposit $105.00 to open and maintain this account without being subject to monthly low balance fees.

Minimum balance requirements - A Shareholder can not withdraw funds to cause their Regular Share Account balance to get below $26.00.

• A Regular Share Account whose balance falls below $100.00 at any time during the month will be charged a $1.00 per month low balance fee.
• Dividends will not be paid for any day a Regular Share Account balance falls below $200.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain
a minimum balance of $200.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. The balance is $200.00 or more.

Accrual of Interest - Interest begins to accrue no later than the business day funds are received via payroll deduction are credited to your individual deposit account.

Transaction limitations - The minimum amount you can deposit is $1.00. You are entitled to 1 withdrawal per month, and are charged $5.00 fee for each additional withdrawal. Please refer to our separate fee schedule for additional information about charges.

Minimum balance to avoid imposition of other fees - Please refer to our separate fee schedule for additional information about charges.

Vacation Club Account

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - The Board of Directors of the Credit Union meet monthly at which time they may change the interest rate on your account at their discretion.

Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.

Effect of closing and account - If you close your account before interest is credited you will not receive the accrued interest.

Minimum balance to open an account - You must deposit $1.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $1.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest - Interest begins to accrue no later than the business day funds received via payroll deduction are credited to your individual account.

Transaction limitations - The minimum amount you can deposit is $1.00. You are allowed one withdrawal free of charge during the club's fiscal year. All subsequent withdrawals are charged $5.00 per withdrawal. On the fourth withdrawal the account will be closed. The Vacation Club's fiscal year is June 1 through May 31.

Minimum balance to avoid imposition of other fees - Please refer to our separate fee schedule for additional information about charges.

Christmas Club Account

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - The Board of Directors of the Credit Union meet monthly at which time they may change the interest rate on your account at their discretion.

Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.

Effect of closing and account - If you close your account before interest is credited you will not receive the accrued interest.

Minimum balance to open an account - You must deposit $1.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $1.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest - Interest begins to accrue no later than the business day funds received via payroll deduction are credited to your individual account.

Transaction limitations - The minimum amount you can deposit is $1.00. If any withdrawal is made from this account before the end of the club term, the account will be closed. The club term is from November 1 through October 31.

The Following Disclosures Apply to All Accounts

Inactivity:

• The account will be considered inactive if deposits or withdrawal are not made during five consecutive years.
• Members must respond to a letter mailed June 30, of each year notifying the Credit Union of their decision.
• If the account is turned over to New York State Abandoned Property, you will have to reclaim funds from the State.