Common use of Early Withdrawal Penalties Clause in Contracts

Early Withdrawal Penalties. All Certificate Accounts: You have agreed to leave the principal of this account on deposit for the full term stated in your Certificate. If all or part of the principal is withdrawn before the maturity date, the Credit Union may charge you a penalty. Withdrawal of the principal amount of your Certificate may be made only with the consent of the Credit Union. Unless stated otherwise, owners of accounts with a stated term of one year or less shall forfeit an amount equal to up to 90 days dividends on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowed. Unless stated otherwise, owners of accounts with a stated term of more than one year shall forfeit an amount equal to up to 180 days dividends on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowed. The penalty may be calculated at the rate paid on the deposit at the time of the withdrawal. The penalty will, if necessary, be taken from the principal amount of the deposit. The Credit Union may grant a premature withdrawal request without penalty or with a reduced penalty in the event of the owner's death or legal incompetence; or if your account is an IRA account and the account is revoked within seven (7) days after the IRA Disclosure Statement is received; or when the account is an IRA account and the owner qualifies pursuant to applicable law. Renewal Policy: Unless you instruct the Credit Union otherwise, your certificate account will automatically renew at maturity. You will have a grace period of ten (10) business days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. However, the Credit Union reserves the right to give the owner written notice that the account will not be renewed. In the latter case, upon maturity, the account will be converted to a regular share account and receive earnings at the rate then paid on regular share deposits. The rate of earnings for any renewal terms shall be at the rate the Credit Union is then offering on the same accounts in this class. If you instruct us not to renew your account, then no dividends will be paid after the stated maturity date. Partial Withdrawal: No partial withdrawal will be permitted at any time that would result in a principal balance of less than the required minimum opening deposit. Common Features of All Accounts

Early Withdrawal Penalties. All Certificate Accounts: You have agreed to leave the principal of this account on deposit for the full term stated in your Certificate. If all or part of the principal is withdrawn before the maturity date, the Credit Union may charge We will impose a penalty if you a penalty. Withdrawal withdraw any of the principal amount of your Term Share Certificate may be made only with Account before the consent maturity date. The amount of the Credit Union. Unless stated otherwise, owners of accounts with a stated penalty is based on the current term of one year your Account. The penalty schedule is as follows: Term of 12 months or less shall forfeit an amount equal to up to less: 90 days dividends on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowed. Unless stated otherwise, owners of accounts with a stated term Days Dividends Term of more than one year shall forfeit an amount equal to up to 12 months: 180 days Days Dividends How the Penalty Works The penalty is calculated as a forfeiture of part of the dividends that has been or would have been earned on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowedAccount. The penalty may be calculated at applies whether or not the rate paid on the deposit at the time of the withdrawaldividends have been earned. The penalty willThat is, if necessarythe Account has not yet earned enough dividends to pay the penalty, or if the dividends earned have already been withdrawn, then the penalty will be taken collected from the principal amount of the depositTerm Share Certificate Account. The Credit Union may grant a premature withdrawal request without penalty or with a reduced penalty in In certain circumstances such as the event of the owner's death death, disability, or legal incompetence; or if your account is incapacity of an IRA account and Account owner, the account is revoked within seven (7) days after the IRA Disclosure Statement is received; or when the account is an IRA account and the owner qualifies pursuant to applicable lawearly withdrawal penalty may be waived. Renewal Policy: Unless you instruct the Credit Union otherwise, your certificate account Policy Your Term Share Certificate Account will automatically renew at maturitymaturity for an equivalent term and generally under the same terms and conditions as set forth herein, except that the dividend rate for the renewal term will be the current rate the Credit Union is offering at the time of renewal for Term Share Certificate Accounts with a similar term and principal amount. You We will notify you before maturity of the dividend rate and APY for the new term and if there will be any other changes to the terms of the Account. If you decide not to renew, you will have a grace period of ten (10) business five calendar days after the maturity date to withdraw the funds in the account Account without being charged an early withdrawal penalty. However, the Credit Union reserves the right to give the owner written notice that the account will not be renewed. In the latter case, upon maturity, the account will be converted to a regular share account and receive earnings at the rate then paid on regular share deposits. The rate of earnings for any renewal terms shall be at the rate the Credit Union is then offering on the same accounts in this class. If you instruct us in writing before the end of the grace period not to renew your accountcertificate, then no dividends and you do not withdraw the funds before the end of the grace period, the funds will be paid after the stated maturity date. Partial Withdrawal: No partial withdrawal automatically transferred to your primary Savings Account and will be permitted available for withdrawal by any person authorized to withdraw on your primary Savings Account. TRUTH IN SAVINGS FEE SCHEDULE Fees are subject to change at any time, subject to applicable law. Fees Applicable to All Accounts Temporary Check $.50 per check Cashier’s Check… $3 per check Wire Transfer (domesticoutgoing) $25 per transaction Wire Transfer (international outgoing)… $25 per transaction plus any correspondent Institution charges Nonsufficient Funds Preauthorized Withdrawal $25 per payment order Nonsufficient Funds ACH/EFT $25 per payment order Printout $1 per page Account Opening Fee $10 Account Research (Minimum 1 hr.)… $15 per hour Account Balancing (Minimum One Hour)… $15 per hour Stop Payment (All Items and ACH Payments)… $25 per stop order Photocopy $20 per copy Check $3 per copy Copy of Statement $1 per page Address Search Fee $3 per instance Employee Assistance Service Fee $1per transaction Lien Garnishment/Levy Fee $25 per instance Inactive Account Fee $5 per month without activity Electronic Cash Management (ECM Payment) $12 per transaction Electronic Cash Management Nonsufficient Funds $25 per transaction Notary Fee (ACFCU Member) $5 per visit Notary Fee (Non Member) $5 per visit Medallion Signature Guarantee Service (ACFCU Member Only) $10 per visit Early close account fee (closed before being open 6 months) $5 Automatic Overdraft from Savings to checking $2 per transfer Monthly Paper Statement (Accounts opened after1/1/2018) $5 per month Monthly Electronic Statement FREE Checking, Money Market Investment, and Christmas Club Account Fees Check Printing fee depends on check style ordered Checking Account Fee $6 per month Business Checking Account Fee $25 per month Money Market Investment AccountFall Below Fee $15 per month Money Market Excessive Transfer Fee $5 per transaction Deposited Checks and Other Items Returned Unpaid……………………………… $10 per payment order or item Nonsufficient Funds Item (including CUSucceed Checking) $25 per item Overdraft Courtesy Fee1 $25 per item Christmas Club Early Withdrawal Fee $25 per withdrawal Electronic Fund Transfer Fees Replace Lost ATM or Check Card… $15 per card ATM Cash Withdrawal from Savings or Checking Account (at ATMs we do not own or operate) $1 per Withdrawal Balance Inquiry at ATM (at ATMs we do not own or operate) $1 per inquiry ATM or Check Card Insufficient Funds Transaction $25 per transaction ATM Film Research $75 per instance plus our costs Online banking bank to bank transfer… $25 per transaction The Overdraft Courtesy Fee is imposed for overdrafts created by checks, in-person withdrawals, ATM withdrawals, and by other electronic means. You must separately opt-in if you qualify for the Overdraft service and wish to have the service apply to your ATM and one-time that would result in check card transactions. 2You may also be charged a principal balance of less than separate fee by the required minimum opening deposit. Common Features of All AccountsATM owner or operator.

Early Withdrawal Penalties. All Certificate Accounts: You have agreed to leave the principal of this account on deposit for the full term stated in your Certificate. If all or part of the principal is withdrawn before the maturity date, the Credit Union may charge We will impose a penalty if you a penalty. Withdrawal withdraw any of the principal amount of your Term Share Certificate may be made only with Account before the consent maturity date. The amount of the Credit Union. Unless stated otherwise, owners of accounts with a stated penalty is based on the current term of one year your Account. The penalty schedule is as follows: Term of 12 months or less shall forfeit an amount equal to up to less: 90 days dividends on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowed. Unless stated otherwise, owners of accounts with a stated term Days Dividends Term of more than one year shall forfeit an amount equal to up to 12 months: 180 days Days Dividends How the Penalty Works The penalty is calculated as a forfeiture of part of the dividends that has been or would have been earned on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowedAccount. The penalty may be calculated at applies whether or not the rate paid on the deposit at the time of the withdrawaldividends have been earned. The penalty willThat is, if necessarythe Account has not yet earned enough dividends to pay the penalty, or if the dividends earned have already been withdrawn, then the penalty will be taken collected from the principal amount of the depositTerm Share Certificate Account. The Credit Union may grant a premature withdrawal request without penalty or with a reduced penalty in In certain circumstances such as the event of the owner's death death, disability, or legal incompetence; or if your account is incapacity of an IRA account and Account owner, the account is revoked within seven (7) days after the IRA Disclosure Statement is received; or when the account is an IRA account and the owner qualifies pursuant to applicable lawearly withdrawal penalty may be waived. Renewal Policy: Unless you instruct the Credit Union otherwise, your certificate account Policy Your Term Share Certificate Account will automatically renew at maturitymaturity for an equivalent term and generally under the same terms and conditions as set forth herein, except that the dividend rate for the renewal term will be the current rate the Credit Union is offering at the time of renewal for Term Share Certificate Accounts with a similar term and principal amount. You We will notify you before maturity of the dividend rate and APY for the new term and if there will be any other changes to the terms of the Account. If you decide not to renew, you will have a grace period of ten (10) business five calendar days after the maturity date to withdraw the funds in the account Account without being charged an early withdrawal penalty. However, the Credit Union reserves the right to give the owner written notice that the account will not be renewed. In the latter case, upon maturity, the account will be converted to a regular share account and receive earnings at the rate then paid on regular share deposits. The rate of earnings for any renewal terms shall be at the rate the Credit Union is then offering on the same accounts in this class. If you instruct us in writing before the end of the grace period not to renew your accountcertificate, then no dividends and you do not withdraw the funds before the end of the grace period, the funds will be paid after the stated maturity date. Partial Withdrawal: No partial withdrawal automatically transferred to your primary Savings Account and will be permitted available for withdrawal by any person authorized to withdraw on your primary Savings Account. TRUTH IN SAVINGS FEE SCHEDULE Fees are subject to change at any time, subject to applicable law. Fees Applicable to All Accounts Temporary Check $.50 per check Cashier’s Check $3 per check Wire Transfer (domestic outgoing)… $25 per transaction Wire Transfer (international outgoing)… $25 per transaction plus any correspondent Institution charges Nonsufficient Funds Preauthorized Withdrawal $25 per payment order Nonsufficient Funds ACH/EFT $25 per payment order Printout… $1 per page Account Opening Fee $10 Account Research (Minimum 1 hr.)… $15 per hour Account Balancing (Minimum One Hour)… $15 per hour Stop Payment (All Items and ACH Payments)… $25 per stop order Photocopy $20 per copy Check $3 per copy Copy of Statement… $1 per page Address Search Fee $3 per instance Employee Assistance Service Fee $1 per transaction Lien Garnishment/Levy Fee $25 per instance Inactive Account Fee $5 per month without activity Electronic Cash Management (ECM Payment) $12 per transaction Electronic Cash Management Nonsufficient Funds $25 per transaction Notary Fee (ACFCU Member) $5 per visit Notary Fee (Non Member) $5 per visit Early close account fee (closed before being open 6 months) $5 Automatic Overdraft from Savings to checking $2 per transfer Monthly Paper Statement (Accounts opened after1/1/2018) $5 per month Monthly Electronic Statement FREE Checking and Money Market Investment Account Fees Check Printing fee depends on check style ordered Checking Account Fee $6 per month Business Checking Account Fee $25 per month Money Market Investment Account Fall Below Fee $15 per month Money Market Excessive Transfer Fee $5 per transaction Deposited Checks and Other Items Returned Unpaid……………………………… $10 per payment order or item Nonsufficient Funds Item (including CU Succeed Checking) $25 per item Overdraft Courtesy Fee $25 per item Electronic Fund Transfer Fees Replace Lost ATM or Check Card $15 per card ATM Cash Withdrawal from Savings or Checking Account (at ATMs we do not own or operate) $1 per Withdrawal Balance Inquiry at ATM (at ATMs we do not own or operate) $1 per inquiry ATM or Check Card Insufficient Funds Transaction $25 per transaction ATM Film Research $75 per instance plus our costs Online banking bank to bank transfer… $25 per transaction The Overdraft Courtesy Fee is imposed for overdrafts created by checks, in-person withdrawals, ATM withdrawals, and by other electronic means. You must separately opt-in if you qualify for the Overdraft service and wish to have the service apply to your ATM and one-time that would result in a principal balance of less than the required minimum opening deposit. Common Features of All Accountscheck card transactions.

Early Withdrawal Penalties. All Certificate Accounts: You have agreed to leave the principal of this account on deposit for the full term stated in your Certificate. If all or part of the principal is withdrawn before the maturity date, the Credit Union may charge We will impose a penalty if you a penalty. Withdrawal withdraw any of the principal amount of your Term Share Certificate may be made only with Account before the consent maturity date. The amount of the Credit Union. Unless stated otherwise, owners of accounts with a stated penalty is based on the current term of one year your Account. The penalty schedule is as follows: Term of 12 months or less shall forfeit an amount equal to up to less: 90 days dividends on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowed. Unless stated otherwise, owners of accounts with a stated term Days Dividends Term of more than one year shall forfeit an amount equal to up to 12 months: 180 days Days Dividends How the Penalty Works The penalty is calculated as a forfeiture of part of the dividends that has been or would have been earned on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowedAccount. The penalty may be calculated at applies whether or not the rate paid on the deposit at the time of the withdrawaldividends have been earned. The penalty willThat is, if necessarythe Account has not yet earned enough dividends to pay the penalty, or if the dividends earned have already been withdrawn, then the penalty will be taken collected from the principal amount of the depositTerm Share Certificate Account. The Credit Union may grant a premature withdrawal request without penalty or with a reduced penalty in In certain circumstances such as the event of the owner's death death, disability, or legal incompetence; or if your account is incapacity of an IRA account and Account owner, the account is revoked within seven (7) days after the IRA Disclosure Statement is received; or when the account is an IRA account and the owner qualifies pursuant to applicable lawearly withdrawal penalty may be waived. Renewal Policy: Unless you instruct the Credit Union otherwise, your certificate account Policy Your Term Share Certificate Account will automatically renew at maturitymaturity for an equivalent term and generally under the same terms and conditions as set forth herein, except that the dividend rate for the renewal term will be the current rate the Credit Union is offering at the time of renewal for Term Share Certificate Accounts with a similar term and principal amount. You We will notify you before maturity of the dividend rate and APY for the new term and if there will be any other changes to the terms of the Account. If you decide not to renew, you will have a grace period of ten (10) business five calendar days after the maturity date to withdraw the funds in the account Account without being charged an early withdrawal penalty. However, the Credit Union reserves the right to give the owner written notice that the account will not be renewed. In the latter case, upon maturity, the account will be converted to a regular share account and receive earnings at the rate then paid on regular share deposits. The rate of earnings for any renewal terms shall be at the rate the Credit Union is then offering on the same accounts in this class. If you instruct us in writing before the end of the grace period not to renew your accountcertificate, then no dividends and you do not withdraw the funds before the end of the grace period, the funds will be paid after the stated maturity date. Partial Withdrawal: No partial withdrawal automatically transferred to your primary Savings Account and will be permitted available for withdrawal by any person authorized to withdraw on your primary Savings Account. TRUTH IN SAVINGS FEE SCHEDULE Fees are subject to change at any time, subject to applicable law. Fees Applicable to All Accounts Temporary Check $.50 per check Cashier’s Check $3 per check Money Order… $3 per check Wire Transfer (domesticoutgoing) $25 per transaction Wire Transfer (international outgoing)… $25 per transaction plus any correspondent Institution charges Nonsufficient Funds PreauthorizedWithdrawal $25 per payment order Nonsufficient Funds ACH/EFT $25 per payment order Printout $1 per page Account Research (Minimum 1 hr)… $15 per hour Account Balancing (Minimum One Hour)… $15 per hour Stop Payment (All Items and ACH Payments)… $25 per stop order Photocopy $20 per copy Check $3 per copy Copy of Statement $1 per page Address Search Fee $3 per instance Employee Assistance Service Fee $1per transaction Lien Garnishment/Levy Fee $25 per instance Inactive Account Fee $5 per month without activity Electronic Cash Management (ECM Payment) $12 per transaction Electronic Cash Management Nonsufficient Funds $25 per transaction Notary Fee (ACFCU Member) $5 per visit Notary Fee (Non Member) $5 per visit Medallion Signature Guarantee Service (ACFCU Member Only) $10 per visit Savings Account Transfer/Withdrawal Fee (more than 6 per month) $2 per transaction Early close account fee (closed before being open 6 months) $5 Automatic Overdraft from Savings to checking $2 per transfer Monthly Paper Statement (Accounts opened after1/1/2018) $3 per month Monthly Electronic Statement FREE Checking, Money Market Investment, and Christmas Club Account Fees Check Printing fee depends on check style ordered Premier Checking Fall below Fee… $8 per month Money Market Investment AccountFall Below Fee $15 per month Money Market Excessive Transfer Fee $5 per transaction Deposited Checks and Other Items Returned Unpaid……………………………… $10 per payment order or item Nonsufficient Funds Item (including CUSucceed Checking)… $25 per item Overdraft Courtesy Fee1 $25 per item Christmas Club Early Withdrawal Fee $25 per withdrawal Electronic Fund Transfer Fees Replace Lost ATM or Check Card… $10 per card ATM Cash Withdrawal from Savings or Checking Account (at ATMs we do not own or operate) $1 per Withdrawal Balance Inquiry at ATM (at ATMs we do not own or operate)2 $1 per inquiry ATM or Check Card Insufficient Funds Transaction… $25 per transaction ATM Film Research $75 per instance plus our costs The Overdraft Courtesy Fee is imposed for overdrafts created by checks, in-person withdrawals, ATM withdrawals, and by other electronic means. You must separately opt-in if you qualify for the Overdraft service and wish to have the service apply to your ATM and one-time that would result in a principal balance of less than the required minimum opening deposit. Common Features of All Accountscheck card transactions.

Early Withdrawal Penalties. All Certificate Accounts: You have agreed to leave the principal of this account on deposit for the full term stated in your Certificate. If all or part of the principal is withdrawn before the maturity date, the Credit Union may charge We will impose a penalty if you a penalty. Withdrawal withdraw any of the principal amount of your Term Share Certificate may be made only with Account before the consent maturity date. The amount of the Credit Union. Unless stated otherwise, owners of accounts with a stated penalty is based on the current term of one year your Account. The penalty schedule is as follows: Term of 12 months or less shall forfeit an amount equal to up to less: 90 days dividends on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowed. Unless stated otherwise, owners of accounts with a stated term Days Dividends Term of more than one year shall forfeit an amount equal to up to 12 months: 180 days Days Dividends How the Penalty Works The penalty is calculated as a forfeiture of part of the dividends that has been or would have been earned on the amount withdrawn, or the length of the term, whichever is less, when any withdrawal is allowedAccount. The penalty may be calculated at applies whether or not the rate paid on the deposit at the time of the withdrawaldividends have been earned. The penalty willThat is, if necessarythe Account has not yet earned enough dividends to pay the penalty, or if the dividends earned have already been withdrawn, then the penalty will be taken collected from the principal amount of the depositTerm Share Certificate Account. The Credit Union may grant a premature withdrawal request without penalty or with a reduced penalty in In certain circumstances such as the event of the owner's death death, disability, or legal incompetence; or if your account is incapacity of an IRA account and Account owner, the account is revoked within seven (7) days after the IRA Disclosure Statement is received; or when the account is an IRA account and the owner qualifies pursuant to applicable lawearly withdrawal penalty may be waived. Renewal Policy: Unless you instruct the Credit Union otherwise, your certificate account Policy Your Term Share Certificate Account will automatically renew at maturitymaturity for an equivalent term and generally under the same terms and conditions as set forth herein, except that the dividend rate for the renewal term will be the current rate the Credit Union is offering at the time of renewal for Term Share Certificate Accounts with a similar term and principal amount. You We will notify you before maturity of the dividend rate and APY for the new term and if there will be any other changes to the terms of the Account. If you decide not to renew, you will have a grace period of ten (10) business five calendar days after the maturity date to withdraw the funds in the account Account without being charged an early withdrawal penalty. However, the Credit Union reserves the right to give the owner written notice that the account will not be renewed. In the latter case, upon maturity, the account will be converted to a regular share account and receive earnings at the rate then paid on regular share deposits. The rate of earnings for any renewal terms shall be at the rate the Credit Union is then offering on the same accounts in this class. If you instruct us in writing before the end of the grace period not to renew your accountcertificate, then no dividends and you do not withdraw the funds before the end of the grace period, the funds will be paid after the stated maturity date. Partial Withdrawal: No partial withdrawal automatically transferred to your primary Savings Account and will be permitted available for withdrawal by any person authorized to withdraw on your primary Savings Account. TRUTH IN SAVINGS FEE SCHEDULE Fees are subject to change at any time, subject to applicable law. Fees Applicable to All Accounts Temporary Check $.50 per check Cashier’s Check… $3 per check Wire Transfer (domesticoutgoing) $25 per transaction Wire Transfer (international outgoing)… $25 per transaction plus any correspondent Institution charges Nonsufficient Funds Preauthorized Withdrawal $25 per payment order Nonsufficient Funds ACH/EFT $25 per payment order Printout $1 per page Account Opening Fee $10 Account Research (Minimum 1 hr.)… $15 per hour Account Balancing (Minimum One Hour)… $15 per hour Stop Payment (All Items and ACH Payments)… $25 per stop order Photocopy $20 per copy Check $3 per copy Copy of Statement $1 per page Address Search Fee $3 per instance Employee Assistance Service Fee $1 per transaction Lien Garnishment/Levy Fee $25 per instance Inactive Account Fee $5 per month without activity Electronic Cash Management (ECM Payment) $12 per transaction Electronic Cash Management Nonsufficient Funds $25 per transaction Notary Fee (ACFCU Member) $5 per visit Notary Fee (Non Member) $5 per visit Early close account fee (closed before being open 6 months) $5 Automatic Overdraft from Savings to checking $2 per transfer Monthly Paper Statement (Accounts opened after1/1/2018) $5 per month Monthly Electronic Statement FREE Checking, Money Market Investment, and Christmas Club Account Fees Check Printing fee depends on check style ordered Checking Account Fee $6 per month Business Checking Account Fee $25 per month Money Market Investment AccountFall Below Fee $15 per month Money Market Excessive Transfer Fee $5 per transaction Deposited Checks and Other Items Returned Unpaid……………………………… $10 per payment order or item Nonsufficient Funds Item (including CUSucceed Checking) $25 per item Overdraft Courtesy Fee1 $25 per item Christmas Club Early Withdrawal Fee $25 per withdrawal Electronic Fund Transfer Fees Replace Lost ATM or Check Card… $15 per card ATM Cash Withdrawal from Savings or Checking Account (at ATMs we do not own or operate) $1 per Withdrawal Balance Inquiry at ATM (at ATMs we do not own or operate) $1 per inquiry ATM or Check Card Insufficient Funds Transaction $25 per transaction ATM Film Research $75 per instance plus our costs Online banking bank to bank transfer… $25 per transaction The Overdraft Courtesy Fee is imposed for overdrafts created by checks, in-person withdrawals, ATM withdrawals, and by other electronic means. You must separately opt-in if you qualify for the Overdraft service and wish to have the service apply to your ATM and one-time that would result in a principal balance of less than the required minimum opening deposit. Common Features of All Accountscheck card transactions.