Common use of Early Withdrawal Penalties Clause in Contracts

Early Withdrawal Penalties. The Term Certificate Account will mature on the Maturity Date set forth in the Certificate. The Credit Union will terminate the Term Certificate Account and impose a penalty on the entire balance of the account if a withdrawal of principal is made prior to the Maturity Date. If the Term Certificate has a term to maturity equal to or less than one (1) year, the penalty imposed will equal ninety (90) days of dividends, whether or not earned. If the Term Certificate has a term to maturity greater than one (1) year, the penalty imposed will equal 180 days of dividends, whether or not earned. In accordance with Federal Reserve Board Regulations, the Credit Union may charge an early withdrawal penalty of seven (7) days dividends on amounts withdrawn within the first six (6) days after deposit or automatic renewal. Early withdrawal penalties will not apply to:

Early Withdrawal Penalties. The Term Share Certificate Account will mature on the Maturity Date set forth in the Certificate. The Credit Union will terminate the Term Share Certificate Account and impose a penalty on the entire balance amount of withdrawal from the account if a withdrawal of principal is made prior to the Maturity Date. If the Term Share Certificate has a term to maturity equal to or less than one (1) year, the penalty imposed will equal ninety (90) days of dividends, whether or not earned. If the Term Share Certificate has a term to maturity greater than one (1) year, the penalty imposed will equal 180 one-hundred eighty (180) days of dividends, whether or not earned. In accordance with Federal Reserve Board Regulations, the Credit Union may charge an early withdrawal penalty of seven (7) days dividends on amounts withdrawn within the first six (6) days after deposit or automatic renewaldeposit. Early withdrawal penalties will not apply to:

Early Withdrawal Penalties. The Term Share Certificate Account will mature on the Maturity Date set forth in the Share Certificate. The Credit Union will terminate the Term Share Certificate Account and impose a penalty on the entire balance of the account if a withdrawal of principal is made prior to the Maturity Date. If the Term Share Certificate has a term to maturity equal to or less than one (1) year, the penalty imposed will equal ninety thirty- one (9031) days of dividends, whether or not earned. If the Term Share Certificate has a term to maturity greater than one (1) year, the penalty imposed will equal 180 ninety (90) days of dividends, whether or not earned. In accordance with Federal Reserve Board Regulations, the Credit Union may charge an early withdrawal penalty of seven (7) days dividends on amounts withdrawn within the first six (6) days after deposit or automatic renewal. Early withdrawal penalties will not apply to: