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 thirty-one (31) days of dividends. If the Term Share Certificate has a term to maturity greater than one (1) year, the penalty imposed will equal ninety
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Samples: Member Account Agreement and Disclosure, Member Account Agreement and Disclosure, Member Account Agreement and Disclosure
Early Withdrawal Penalties. The Term Share Certificate Certifi- cate 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 princi- pal 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 thirty-one (31) days of dividends. If the Term Share Certificate has a term to maturity greater than one (1) year, the penalty imposed will equal ninetyone
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