Common use of Nature of Dividends Clause in Contracts

Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a 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: www.cupublisher.com, www.aaacu.com, www.aaacu.com

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Nature of Dividends. Dividends are paid from current income and available earnings earnings, after required transfers to reserves at the end of a dividend period. Not applicable to term share or share certificate accounts. 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 4 contracts

Samples: Electronic Fund Transfer Agreement, Electronic Fund Transfer Agreement, Account Agreement and Disclosure

Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a the dividend period. Therefore, dividends are not guaranteed. National Credit Union Share Insurance Fund: Member accounts The shares and deposits in this credit union your Account are federally insured by the National Credit Union Share Insurance Fund.

Appears in 2 contracts

Samples: Introduction, Account Agreement

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Nature of Dividends. Dividends are paid from current income and available earnings earnings, after required transfers to reserves reserves, at the end of a dividend period. National Credit Union Share Insurance Fund: Member All accounts in this credit union are federally fed- erally insured by the National Credit Union Share Insurance Fund.

Appears in 1 contract

Samples: www.yourpccu.org

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