Common use of Nature of Dividends Clause in Contracts

Nature of Dividends. The Credit Union pays dividends from current income and available earnings, after required transfers to reserves at the end of the dividend period, thus dividends are not guaranteed. The Dividend Rate and Annual Percentage Yield set forth in the Schedule are prospective rates and yields the Credit Union anticipates paying for the applicable dividend period.

Appears in 10 contracts

Samples: Membership Account Agreement, Membership Account Agreement, Membership Account Agreement

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Nature of Dividends. The Credit Union pays dividends from current income and available earnings, after required transfers to reserves at the end of the dividend period, thus dividends are not guaranteed. The Dividend Rate and Annual Percentage Yield set forth in the Schedule are prospective rates and yields the Credit Union anticipates paying for the applicable dividend period. National Credit Union Share Insurance Fund: Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Appears in 6 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

Nature of Dividends. The Credit Union pays dividends from current income and available earnings, after required transfers to reserves at the end of the dividend period, thus dividends are not guaranteed. The Dividend Rate and Annual Percentage Yield set forth in the Schedule are prospective rates and yields the Credit Union anticipates paying for the applicable dividend period. National Credit Union Share Insurance Fund. Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Appears in 2 contracts

Samples: Membership Agreement, Membership Agreement

Nature of Dividends. The Credit Union pays dividends from current income and available earnings, after required transfers to reserves at the end of the dividend period, thus dividends are not guaranteed. The Dividend Rate and Annual Percentage Yield set forth in the Schedule Rate Sheet are prospective rates and yields the Credit Union anticipates paying for the applicable dividend period.

Appears in 2 contracts

Samples: Membership Agreement, Membership Agreement

Nature of Dividends. The Credit Union pays dividends from current income and available earnings, after required transfers to reserves at the end of the dividend period, thus dividends are not guaranteed. The Dividend Rate and Annual Percentage Yield set forth in the Rate Schedule are prospective rates and yields the Credit Union anticipates paying for the applicable dividend period.

Appears in 1 contract

Samples: Consumer Membership Account Agreement

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Nature of Dividends. The Credit Union pays dividends from current income and available earnings, after required transfers to reserves at the end of the dividend period, thus dividends are not guaranteed. The Dividend Rate and Annual Percentage Yield set forth in the Schedule are prospective rates and yields the Credit Union anticipates paying for the applicable dividend period.period.β€Œ

Appears in 1 contract

Samples: Membership Account Agreement

Nature of Dividends. The Credit Union pays dividends from current income and available earnings, earnings after required transfers to reserves at the end of the dividend period, thus . The declaration and payment of dividends are not guaranteed. The Dividend Rate and Annual Percentage Yield set forth in the Schedule are prospective rates and yields the Credit Union anticipates paying for the applicable dividend period.

Appears in 1 contract

Samples: Membership Agreement

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