Common use of Payment of Dividends Clause in Contracts

Payment of Dividends. Dividend Rates – The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union and the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. A dividend period is a calendar month. For dividend bearing Savings, Checking, and Money Market accounts the dividend rates and APYs are subject to change at any time without notice. For certificate accounts the dividend rate at the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbing-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term of the certificate as disclosed at opening date will remain in effect until maturity. For specific dividend rate(s) for each type of dividend bearing account, refer to our website rate sheet. Compounding and Crediting – For all accounts except Platinum Checking, Premier Checking and money market accounts, dividends are compounded and credited at the end of a dividend period and, if applicable, at maturity. For Platinum Checking, Premier Checking and money market accounts, dividends are compounded daily and credited at the end of a dividend period. Dividends begin to accrue on the business day you deposit to your account, provided the minimum required balance to earn the APY is met. For all accounts except certificate, money market accounts and dividend-earning checking accounts, you will not be paid the accrued dividend if you close your account before the end of a dividend period. For money market accounts and dividend-earning checking accounts, you will be paid the accrued dividend up to the account closing date. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day provided the minimum required balance to earn the APY is met.

Payment of Dividends. Dividend Rates – The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union, the California Credit Union Law, and the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings, earnings after required transfers to reserves at the end of a dividend period. A The dividend period is a calendar month. For dividend bearing Savings, Checking, rate and Money Market accounts the dividend rates and APYs are subject to Annual Percentage Yield (APY) may change at any time without noticethe discretion of the Credit Union. For certificate Current rate information and minimum balance requirements to open and to earn the APY for these accounts are set forth in the dividend Dividend Rate Sheet accompanying this Agreement. You may also obtain current rate at information by calling the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbingat 000-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term of the certificate as disclosed at opening date will remain in effect until maturity. For specific dividend rate(s) for each type of dividend bearing account, refer to 000-0000 or visiting our website rate sheetat XxxxxxxxxXX.xxx. Compounding and Crediting – for all Accounts. For all dividend bearing accounts except Platinum Checking, Premier Checking Term Share (Certificate) and money market IRA Certificate accounts, dividends are will be compounded monthly and will be credited at monthly. For these accounts, the end of a dividend period and, if applicable, at maturityis monthly. For Platinum Checkingexample, Premier Checking the beginning date of the first dividend period of the calendar year is January 1, and money market accounts, dividends are compounded daily and credited at the end ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for this example is January 31. Dividends on Term Share (Certificate) and IRA Certificate Accounts are compounded monthly and are credited monthly and at maturity. Balance Computation Method: Dividends are calculated by the daily balance method which applies a periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account, provided account if deposited before the minimum required balance to earn the APY is metclose of business. For all If you close any of your dividend earning accounts except certificate, money market accounts and dividend-earning checking accounts, before dividends are credited you will not be paid receive the accrued dividend if you close your account before the end of a dividend period. For money market accounts and dividend-earning checking accounts, you will be paid the accrued dividend up to the account closing date. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day provided the minimum required balance to earn the APY is metdividends.

Payment of Dividends. Dividend Rates – DIVIDEND RATES: The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union, the Xxxxx- al Credit Union and Act, the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current fromcurrent income and available earnings, after required transfers to reserves at the end of a dividend period. A dividend period is a calendar month. For dividend bearing Savingsall accounts except term share (certificate) accounts, Checking, the Dividend Rate and Money Market accounts the dividend rates and APYs are subject to Annual Percentage Yield (APY) may change at any time without notice. For certificate accounts as determined by the dividend rate at the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbing-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term Union’s Board of the certificate as disclosed at opening date will remain in effect until maturityDirectors. For specific dividend rate(s) for each type of dividend bearing account, I will refer to our website rate sheet. Compounding and Crediting – For all accounts except Platinum Checkingthe attached Rate Sheet, Premier Checking and money market accounts, dividends are compounded and credited at the end of a dividend period and, if applicable, at maturity. For Platinum Checking, Premier Checking and money market accounts, dividends are compounded daily and credited at the end of a dividend period. Dividends begin to accrue on the business day you deposit to your account, provided the minimum required balance to earn the APY which is metincorpo- rated by this reference. For all accounts except term share (certificate, money market accounts and dividend-earning checking ) accounts, you dividends will be com- pounded monthly and will be credited monthly. Dividends on term share (cer- tificate) accounts are compounded monthly and will be credited monthly and at maturity. For all account types, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is disclosed on the enclosed Rate Sheet. If I close my Account before dividends are credited, I will not be paid receive the accrued dividend if you close your account before the end of a dividend perioddividends. For money market accounts and dividend-earning checking accounts, you will be paid the accrued dividend up to the account closing date. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – BALANCECOMPUTATIONMETHOD: Dividends are calculated by the daily balance method that which applies a daily periodic rate to the balance in the account each day. Dividends will begin toaccrue no later than the business day provided you receive provision- al credit for the minimum required balance deposit of noncash items (e.g., checks) to earn my Account. I must open a Regular Savings Account to open any subsequent Accounts. I must maintain the APY is metRegular Savings Account to avoid closure of that Account and any subsequent Accounts.

Payment of Dividends. Dividend Rates – The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union Union, state law, and the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. A dividend period is a calendar month. For dividend bearing Savings, Checking, and Money Market accounts the dividend rates and APYs are subject to change at any time without notice. For certificate accounts the dividend rate at the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbing-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term of the certificate as disclosed at opening date will remain in effect until maturity. For specific dividend rate(s) for each type of dividend bearing account, refer to our website rate sheet. Compounding and Crediting – For all accounts except Platinum Checking, Premier Checking dividend-earning checking and money market accountssavings, dividends are compounded and credited at the end of a dividend period and, if applicable, at maturity. For Platinum Checking, Premier Checking dividend-earning checking and money market accountssavings, dividends are compounded daily and credited at the end of a dividend period. Dividends begin to accrue on the business day you deposit to your account, provided the minimum required balance to earn the APY is met. For all accounts except certificate, money market accounts savings and dividend-earning checking accounts, you will not be paid the accrued dividend if you close your account before the end of a dividend period. For money market accounts savings and dividend-earning checking accounts, you will be paid the accrued dividend up to the account closing date. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day provided the minimum required balance to earn the APY is met.

Payment of Dividends. Dividend Rates – DIVIDEND RATES: The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union Union, the California Financial Code and Regulations, the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. A dividend period is a calendar month. For dividend bearing Savings, Checking, and Money Market accounts the dividend rates and APYs are subject to change at any time without notice. For certificate accounts the dividend rate at the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbing-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term of the certificate as disclosed at opening date will remain in effect until maturity. For specific dividend rate(s) for each type of dividend bearing account, I will refer to our website rate sheetthe Dividend Rate Sheet, which is incorporated by this reference. Compounding and Crediting – For all accounts except Platinum Checking, Premier Checking and money market accounts, dividends are will be compounded monthly and will be credited at monthly. For such accounts the end of a dividend period andis monthly, if applicablefor example, at maturitythe beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. For Platinum Checking, Premier Checking and money market accounts, dividends are compounded daily and credited at All other dividend periods follow this same pattern of dates. The dividend declaration date is the end ending date of a dividend period, and for the example is January 31. Dividends begin to accrue on the business day you deposit to your accountIf I close my account before dividends are credited, provided the minimum required balance to earn the APY is met. For all accounts except certificate, money market accounts and dividend-earning checking accounts, you I will not be paid receive the accrued dividend if you close your account before the end of a dividend perioddividends. For money market accounts and dividend-earning checking accounts, you will be paid the accrued dividend up to the account closing date. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – BALANCE COMPUTATION METHOD: Dividends are calculated by the daily balance method that which applies a daily periodic rate to the balance in the account for the period at the close of business each day. The Dividend Rateand Annual Percentage Yield (APY) on Share Accounts, Holiday Accounts, Sub-Share Accounts and High Rate Money Market Accounts are tiered. A tier is a range of Account balances; different Rates and APYs may apply to different tiers. When the balance increases or decreases to a different tier, the Account balance will be subject to the Rate and APY applicable to that tier for the time the balance is at the higher or lower level. This means if an Account balance goes below or above a certain level even for one day, the Account will be subject to that tier for one day. These rates are subject to change without notice. The current Dividend Rate Sheet will show Rates, APYs and tiers. Dividends will begin to accrue no later than the business day provided you receive provisional credit for the minimum required balance deposit of noncash items (e.g., checks) to earn the APY is metmy account.

Payment of Dividends. Dividend Rates – The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union, the Federal Credit Union Act and the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. A dividend period is a calendar monthFor all accounts except Money Market and Term Share (certificate) accounts, the Dividend Rate and Annual Percentage Yield (APY) may change every month as determined by the Credit Union’s Board of Directors. For dividend bearing Savings, Checking, and Money Market accounts accounts, the dividend rates Dividend Rate and APYs are subject to Annual Percentage Yield (APY) may change at any time without notice. For certificate accounts every day as determined by the dividend rate at the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbing-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term Union’s Board of the certificate as disclosed at opening date will remain in effect until maturityDirectors. For specific dividend rate(s) for each type of dividend dividend-bearing deposit account, you will refer to our website rate sheetthe enclosed Dividend Rate Sheet, which is incorporated by this reference. Compounding and Crediting – For all accounts except Platinum Checking, Premier Checking and money market accounts, dividends are compounded and credited You may also obtain an updated Dividend Rate Sheet at the end of a dividend period and, if applicable, at maturity. For Platinum Checking, Premier Checking and money market accounts, dividends are compounded daily and credited at the end of a dividend period. Dividends begin to accrue on the business day you deposit to your account, provided the minimum required balance to earn the APY is metxxx.xxxxx.xxx. For all accounts except Term Share (certificate, money market accounts and dividend-earning checking ) accounts, you dividends will not be paid compounded daily and will be credited monthly. For example, the accrued beginning date of the first dividend if period of the calendar year is January 1 and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example is January 31. Dividends on Term Share (Certificate) Accounts are compounded daily and will be credited monthly and at maturity. See the section entitled TERMS AND CONDITIONS APPLICABLE TO ALL TERM SHARE (CERTIFICATE) ACCOUNTS for additional information. If you close your account before the end of a dividend period. For money market accounts and dividend-earning checking accountsdividends are credited, you will be paid receive the dividends accrued dividend up to through the day the account closing datewas closed. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – Method: Dividends are calculated by the daily balance method that method, which applies a daily periodic rate to the balance in the account at the beginning of each day. Dividends will begin to accrue one (1) business day provided the minimum required balance after you deposit cash and non-cash items (e.g., checks) to earn the APY is metyour account.

Payment of Dividends. Dividend Rates – 1. The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union, the Texas Credit Union Law, and the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings, earnings after required transfers to reserves at the end of a dividend period. A dividend period is a calendar month. 2. For all Term Share Certificate (“Certificate”) Accounts except the Bump Rate Certificate, the dividend bearing rate and Annual Percentage Yield are fixed rates and will be in effect for the initial term of the Certificate Account. The Bump Rate Certificate Account’s dividend rates and APY are fixed, but the member has a one-time option to change the rate as described in Section 6, Paragraph 4. For all other accounts, the dividend rate and APY may change as follows: (a) for Savings, Dollar Squad, thr!ve, and Cha-ching! Accounts, the dividend rate and APY may change at any time as determined by the Credit Union’s Board of Directors; (b) for Choice Plus Checking, Choice Advantage Checking, thr!ve Checking, and Health Savings accounts, the dividend rate and APY may change monthly as determined by the Credit Union’s Board of Directors; (c) for Money Market and IRA Savings accounts, the dividend rate and APY may change quarterly as determined by the Credit Union’s Board of Directors. The Choice Advantage Checking and Money Market accounts are tiered rate accounts, with the balance ranges and corresponding dividend rates and APYs are subject applicable to change at any time without noticeeach tier disclosed in the Rate Schedule. For certificate accounts tiered rate accounts, once a particular range’s balance requirement is met, the dividend rate at the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate APY corresponding to that range will apply at each renewal dateto your full account balance. The Current rate information is set forth in the Rate Schedule accompanying this Account Agreement. You may also obtain current rate information by calling the Credit Union may also offer climbing-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term of the certificate as disclosed at opening date will remain in effect until maturity. For specific dividend rate(s) for each type of dividend bearing account, refer to or visiting our website rate sheet. Compounding and Crediting – For all accounts except Platinum Checking, Premier Checking and money market accounts, dividends are compounded and credited at the end of a dividend period and, if applicable, at maturity. For Platinum Checking, Premier Checking and money market accounts, dividends are compounded daily and credited at the end of a dividend period. Dividends begin to accrue on the business day you deposit to your account, provided the minimum required balance to earn the APY is met. For all accounts except certificate, money market accounts and dividend-earning checking accounts, you will not be paid the accrued dividend if you close your account before the end of a dividend period. For money market accounts and dividend-earning checking accounts, you will be paid the accrued dividend up to the account closing date. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day provided the minimum required balance to earn the APY is metwebsite.

Payment of Dividends. Dividend Rates – The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union Union, state law, and the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. A dividend period is a calendar month. For dividend bearing Savingsall accounts except certificate accounts, Checking, and Money Market accounts the dividend rates and APYs are subject to change at any time anytime without notice. For certificate accounts accounts, the dividend rate at the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbing-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term of the certificate as disclosed at opening date will remain in effect until maturity. For specific dividend rate(s) for each type of dividend dividend-bearing account, refer to our website rate sheetbusiness rates as shown on our web site. Compounding and Crediting – For all accounts except Platinum Checking, Premier Checking dividend-earning checking and money market accountssavings, dividends are compounded and credited at the end of a dividend period and, if applicable, at maturity. For Platinum Checking, Premier Checking dividend-earning checking and money market accountssavings, dividends are compounded daily and credited at the end of a dividend period. Dividends begin to accrue on the business day you deposit to your account, provided the minimum required balance to earn the APY is met. For all accounts except certificate, money market accounts savings and dividend-earning checking accounts, you will not be paid the accrued dividend if you close your account before the end of a dividend period. For money market accounts savings and dividend-earning checking accounts, you will be paid the accrued dividend up to the account closing date. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day provided the minimum required balance to earn the APY is met.

Payment of Dividends. Dividend Rates – All dividend bearing accounts are variable rate accounts. The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union, the California Credit Union Laws and Regulations, and the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings, earnings after required transfers to reserves at the end of a dividend period. A The dividend period is a calendar month. For dividend bearing Savings, Checking, rate and Money Market accounts the dividend rates and APYs are subject to Annual Percentage Yield (APY) may change at any time without noticethe discretion of the Credit Union. For certificate Current rate information and minimum balance to open and earn the APY for these accounts are set forth in the dividend Dividend Rate Sheet which accompanies this Agreement and is incorporated by this reference. You may also obtain current rate at information by calling the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbingat (888) FOR-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term of the certificate as disclosed at opening date will remain in effect until maturityMYCU. For specific dividend rate(s) for each type of dividend bearing deposit account, refer to our website rate sheetthe Dividend Rate Sheet. Compounding For Regular Share Accounts, IRA Share Accounts, IRA Share Certificate Accounts, Holiday Club Accounts, Money Fund 9 Accounts and Crediting – Celebrity Money Market Accounts, dividends will be compounded quarterly and will be credited quarterly. For all accounts except Platinum Checking, Premier Checking and money market these accounts, dividends are compounded and credited at the end of a dividend period and, if applicable, at maturityis quarterly. For Platinum Checkingexample, Premier Checking the beginning date of the first dividend period of the calendar year is January 1 and money market accounts, dividends are compounded daily and credited at the end ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example is March 31. For Money Fund 5 Accounts and Dividends Earning Share Draft Accounts, dividends will be compounded monthly and will be credited monthly. For these accounts, the dividend period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example is January 31. Dividends begin to accrue on the business day you deposit to Term Share Certificate Accounts are compounded and will be credited as set forth in your account, provided the minimum required balance to earn the APY is metShare Certificate Receipt. For all accounts except certificate, money market accounts and dividend-earning checking accounts, you will not be paid the accrued dividend if If you close your account before the end of a dividend period. For money market accounts and dividend-earning checking accountsdividends are credited, you will be paid not receive the dividends accrued dividend up to through the day the account closing date. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day provided the minimum required balance to earn the APY is metwas closed.

Payment of Dividends. Dividend Rates – The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union Union, state law, and the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s 's Board of Directors. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. A dividend period is a calendar month. For dividend bearing Savings, Checking, and Money Market accounts the dividend rates and APYs are subject to change at any time without notice. For certificate accounts the dividend rate at the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbing-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term of the certificate as disclosed at opening date will remain in effect until maturity. For specific dividend rate(s) for each type of dividend bearing account, refer to our website rate sheet. Compounding and Crediting – For all accounts except Platinum Checking, Premier Checking dividend-earning checking and money market accountssavings, dividends are compounded and credited at the end of a dividend period and, if applicable, at maturity. For Platinum Checking, Premier Checking dividend-earning checking and money market accountssavings, dividends are compounded daily and credited at the end of a dividend period. Dividends begin to accrue on the business day you deposit to your account, provided the minimum required balance to earn the APY is met. For all accounts except certificate, money market accounts and dividend-earning checking accounts, you will not be paid the accrued dividend if you close your account before the end of a dividend period. For money market accounts and dividend-earning checking accounts, you will be paid the accrued dividend up to the account closing date. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day provided the minimum required balance to earn the APY is met.. Business Savings, Business Money Market Savings, Money Market Accounts Business Savings – The minimum opening deposit is $250. The minimum daily balance required to earn the stated APY is $0.01. To avoid the Monthly Combined Average Balance Fee (see Business Schedule of Fees), you must maintain a $500 combined average share and loan balance. Business Money Market Savings – The minimum opening deposit is $500. This is a tiered-rate account with different rates applicable to specified balance levels as detailed in our current rates on our website. You must maintain the minimum daily balance specified on our rates on our website to earn the corresponding APY. Dividends are paid at the prevailing rate corresponding to each day's full balance. The annual percentage yield on the account is reduced to the APY shown on the rate sheet on the web site if on any day the end of day account balance falls below$5,000. The dividend rate and APY may change at any time based upon the determination of the Credit Union's Board of Directors. You must maintain a minimum daily balance of $2,500 to avoid the monthly minimum balance fee (see Business Schedule of Fees). The minimum daily balance required to earn the lowest APY disclosed on our rates on our website is $1. Business Index Plus Money Market– The minimum opening deposit is $25,000. A minimum daily balance of Business Advantage Money Market – The minimum opening deposit is $50,000. A minimum daily balance of Business Gold Star Money Market – The minimum opening deposit is $100,000. A minimum daily balance of Business Money Market Plus – This product is no longer available for new accounts. Checks may be written on this account (up to a total of 3 without penalty). Dividends are paid at the prevailing rate corresponding to each day's full balance. The dividend rate and APY may change at any time based upon the determination of the Credit Union's Board of Directors. To avoid the monthly service charge (see Business Schedule of Fees), you must maintain a minimum daily balance of $10,000. You must maintain the minimum daily balance to earn the corresponding APY. The minimum daily balance required to earn the lowest APY is $1. This is a tiered-rate account with different rates applicable to specified balance levels. To determine current rates please call a Member Services Specialist at (000)000-0000. Business Savings and Business Money Market Account Withdrawal Limitations – You may not make more than six (6) withdrawals or transfers to another Credit Union account you own or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction during any calendar month. If you exceed the transfer limitations set forth above, we may close your account, convert it to a checking account or restrict access. Your account may also be assessed an Excess Withdrawal Fee for the seventh and subsequent withdrawal or transfer made during any calendar month (refer to the current Business Schedule of Fees). Pledging as Collateral – Deposits in excess of the minimum daily balance in Business Savings and Business Money Market Savings may be pledged as collateral to a loan with the Credit Union. Business Certificate Accounts Minimum Balance Requirements – A Business Certificate can be opened at one of various minimum balances as published on our rate sheet on our web site. The minimum balance must be maintained to earn the applicable APY which assumes that dividends remain in the account until maturity. A withdrawal may reduce earnings. Early Withdrawal Penalties – A partial withdrawal of the principal before the maturity date is subject to a penalty equal to: (a) 90 days' dividend if the term is less than one year; (b) 180 days' dividend if the term is one year or longer, applied to the amount withdrawn. If a withdrawal brings the principal below the minimum required balance, the penalty will be applied to the entire principal and the Certificate will be cancelled. In some cases, early withdrawal penalties may reduce the principal. Penalties shall not apply to withdrawals of paid dividends or withdrawals made as a result of the voluntary or involuntary liquidation of this Credit Union. Automatic Renewal – Standard Business Certificates will automatically renew at each maturity date, for the same term and at the then prevailing rate unless you instruct us otherwise. Special or promotional certificates will automatically renew at each maturity date, for the term previously disclosed and at the then prevailing rate unless you instruct us otherwise. You have a grace period of 7 calendar days beginning from and including the last maturity date during which deposits, withdrawals or a change in term may be made without penalty. A withdrawal within the grace period will be paid additional dividends at the renewal rate in effect as of the last maturity date. Transaction Limitations – Additions to principal during the term of your Certificate are not permitted, unless separately disclosed. Pledging as Collateral – Certificate accounts may be pledged as collateral to a loan, unless otherwise separately disclosed. Business Checking Accounts

Payment of Dividends. Dividend Rates – Rates. The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union Union, state law, and the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. A dividend period is a calendar month. For dividend bearing Savingsall accounts except Term Share (Certificate) Accounts, Checking, and Money Market accounts the dividend rates rate and APYs are subject to Annual Percentage Yield (APY) may change at any time without notice. For certificate accounts as determined by the dividend rate Credit Union's Board of Directors at the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbing-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term of the certificate as disclosed at opening date will remain in effect until maturityBoard’s discretion. For specific dividend rate(s) for each type of dividend bearing account, I will refer to our website rate sheetthe attached Rate and Fee Schedule, which is incorporated by this reference. Compounding For Regular, Secondary, IRA Savings, Money Market Savings and Crediting – For all accounts except Platinum Checking, Premier Plu$ Checking and money market accounts, dividends are will be compounded monthly and will be credited at monthly. For these accounts the end of a dividend period andis monthly, if applicablefor example, at maturitythe beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is January 31. For Platinum Checking, Premier Checking and money market accounts, dividends are compounded daily and credited at All other dividend periods follow this same pattern of dates. The dividend declaration date follows the end ending date of a dividend period, and for example is January 31 (monthly). Dividends begin to accrue on the business day you deposit to your accountTerm Share (Certificate) Accounts are compounded and will be credited as set forth in my Term Share (Certificate) Account Agreement and Disclosure, provided the minimum required balance to earn the APY is metwhen issued. For all accounts except certificateIf I close my account before dividends are credited, money market accounts and dividend-earning checking accounts, you I will not be paid receive the accrued dividend to date of closure, if you close your account before the end of a dividend periodapplicable. For money market accounts and dividend-earning checking accounts, you will be paid the accrued dividend up to the account closing date. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – Method. Dividends are calculated by the daily balance method that which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day provided the minimum required balance I deposit cash or noncash items (e.g., checks) to earn the APY is metmy account.

Payment of Dividends. Dividend Rates – ‌ The frequency and conditions upon which dividends are paid on all accounts are in accordance with the Bylaws of this Credit Union, the Federal Credit Union Act and the Truth-in-Savings Act and Regulations. Dividend rates and Annual Percentage Yields (APY) are determined at the sole discretion of the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. A dividend period is a calendar monthFor all accounts except Money Market and Term Share (certificate) accounts, the Dividend Rate and Annual Percentage Yield (APY) may change every month as determined by the Credit Union’s Board of Directors. For dividend bearing Savings, Checking, and Money Market accounts accounts, the dividend rates Dividend Rate and APYs are subject to Annual Percentage Yield (APY) may change at any time without notice. For certificate accounts every day as determined by the dividend rate at the time the account is opened will remain in effect until maturity, and the then-prevailing dividend rate will apply at each renewal date. The Credit Union may also offer climbing-rate certificate accounts whereby the initial and the adjusted periodic dividend rates for the term Union’s Board of the certificate as disclosed at opening date will remain in effect until maturityDirectors. For specific dividend rate(s) for each type of dividend dividend-bearing deposit account, you will refer to our website rate sheetthe enclosed Dividend Rate Sheet, which is incorporated by this reference. Compounding and Crediting – You may also obtain an updated Dividend Rate Sheet at xxx.xxxxx.xxx.‌ For all accounts except Platinum Checking, Premier Checking and money market Term Share (certificate) accounts, dividends are will be compounded daily and will be credited at monthly. For example, the end beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period andperiod, if applicable, at maturityand for the example is January 31. For Platinum Checking, Premier Checking and money market accounts, dividends Dividends on Term Share (Certificate) Accounts are compounded daily and will be credited monthly and at maturity. See the end of a dividend periodsection entitled TERMS AND CONDITIONS APPLICABLE TO ALL TERM SHARE (CERTIFICATE) ACCOUNTS for additional information. Dividends begin to accrue on the business day you deposit to your account, provided the minimum required balance to earn the APY is met. For all accounts except certificate, money market accounts and dividend-earning checking accounts, you will not be paid the accrued dividend if If you close your account before the end of a dividend period. For money market accounts and dividend-earning checking accountsdividends are credited, you will be paid receive the dividends accrued dividend up to through the day the account closing datewas closed. For certificate accounts closed before a maturity date, you will be paid the accrued dividend up to closing date, subject to any early withdrawal penalties. Dividend earned must equal a minimum of Balance Computation Method – Method: Dividends are calculated by the daily balance method that method, which applies a daily periodic rate to the balance in the account at the beginning of each day. Dividends will begin to accrue one (1) business day provided the minimum required balance after you deposit cash and non-cash items (e.g., checks) to earn the APY is metyour account.