Common use of Renewal Policies Clause in Contracts

Renewal Policies. All Term Share Certificate Accounts are automatically renewable at the time of account opening. You will be provided at least thirty (30) days’ notice of maturity. Your Term Share Certificate Account will automatically renew upon the Maturity Date and on the Maturity Date of any renewal term unless you prevent renewal by withdrawing all of the funds in your Term Share Certificate Account at maturity or within a grace period of seven (7) calendar days after maturity. For example, for a Term Share Certificate Account maturing on January 5, you will have until the close of the Credit Union’s business day January 12 to withdraw the funds without penalty. If January 12 is not a Credit Union banking day, you will have until the close of the Credit Union’s next business day to withdraw the funds without penalty. If the funds are not withdrawn, the Term Share Certificate Account will be renewed for a term equal to or closest to that of the initial term and at the dividend rate and APY in effect at that time for such a term. If automatically renewed, all funds in the Term Share Certificate Account as of the renewal date are considered to be principal. If the certificate is no longer offered at the time of renewal the funds will be transferred to your Primary Share Account.

Renewal Policies. All Term Share Certificate Accounts are automatically renewable at the time of account openingopen- ing. You will be provided at least thirty (30) days’ notice no- xxxx of maturity. Your Term Share Certificate Account will automatically renew upon the Maturity Date and on the Maturity Date of any renewal term unless you prevent renewal re- newal by withdrawing all of the funds in your Term Share Certificate Account at maturity or within a grace period of seven (7) calendar days after maturity. For example, for a Term Share Certificate Account maturing on January 5, you will have until the close of the Credit Union’s business day January 12 to withdraw the funds without penalty. If January 12 is not a Credit Union banking day, you will have until the close of the Credit Union’s next business day to withdraw the funds without penalty. If the funds are not withdrawn, the Term Share Certificate Account will be renewed for a term equal to or closest to that of the initial term and at the dividend rate and APY in effect at that time for such a term. If automatically renewed, all funds in the Term Share Certificate Account as of the renewal date are considered to be principal. If the certificate certifi- cate is no longer offered at the time of renewal the funds will be transferred to your Primary Share Account.

Renewal Policies. All Term Share Business Certificate Accounts are automatically renewable at the time of account opening. You will be provided at least thirty (30) days’ notice of maturity. Your Term Share Business Certificate Account will automatically renew upon the Maturity Date and on the Maturity Date of any renewal term unless you close the account or prevent renewal by withdrawing all of the funds in your Term Share Business Certificate Account at maturity or within a grace period of seven ten (710) calendar days after maturity. For example, for a Term Share Business Certificate Account maturing on January 5January5, you will have until the close of the Credit Union’s business day January 12 15 to withdraw the funds without penalty. If January 12 15 is not a Credit Union banking day, you will have until the close of the Credit Union’s next business day to withdraw the funds without penalty. If the funds are not withdrawn, the Term Share Business Certificate Account will be renewed for a term equal to or closest to that of the initial term and at the dividend rate and APY in effect at that time for such a term. If automatically renewed, all funds in the Term Share Business Certificate Account as of the renewal date are considered to be principal. If the certificate is no longer offered at the time of renewal the funds will be transferred to your Primary Share Regular Savings Account.