| Account Disclosures
THE FOLLOWING DISCLOSURES APPLY TO ALL ACCOUNTS
Balance Computation Method Dividends are calculated by the
average daily balance method which applies a periodic rate to the
average daily balance in the account for the period. The average daily
balance is calculated by adding the balance in the account for each day
of the period and dividing that figure by the number of days in the
period.
Accrual of Dividends Dividends will begin to accrue on the
business day you deposit.
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 Accounts in this
Credit Union are federally insured by the National Credit Union Share
Insurance Fund.
SAVINGS & IRA ACCOUNTS
Compounding & Crediting Dividends will be compounded quarterly
and will be credited quarterly. The dividend period is January 1 and the
ending date of such dividend period is March 31. All other dividend
periods follow this same pattern of dates. If you close your account
before dividends are credited, you will not receive accrued dividends.
Minimum Balance Requirements The minimum balance to open this
account is $50. You must maintain a minimum average daily account
balance of $200 to obtain the disclosed annual percentage yield.
Transaction Limitations During any month you may not make more
than six withdrawals or transfers to another FSCU account of yours or to
a third party by means of a pre-authorized or automatic transfer or
telephonic order or instruction. No more than three of the six transfers
may be made by check, draft, debit card or similar order to a third
party. If you exceed the transfer limitations set forth above in any
month, your account will be subject to closure by the Credit Union. Cash
withdrawal limit is $2,000 per day.
Rate Information The dividend rate and annual percentage yield
may change anytime as determined by the Board of Directors.
CHECKING
Compounding & Crediting Dividends will be compounded monthly and
will be credited monthly. The dividend period is one month, beginning on
the first of the month and ending on the last day of the month. If you
close your account before dividends are credited, you will not receive
accrued dividends.
Minimum Balance Requirements The minimum balance to open this
account is $50.
Personal Checking - You must maintain a minimum average daily
balance of $2,000 to obtain the disclosed annual percentage yield. A
minimum daily balance of $100 must be maintained in your account to
avoid a service fee. Business Checking - You must maintain a
minimum average daily balance of $2,000 to obtain the disclosed annual
percentage yield. A minimum daily balance of $500 must be maintained in
your account to avoid a service fee. If, during any day during a month
your account balance falls below the required minimum daily balance,
your account will be subject to a service fee for that month.
Transaction Limitations No transaction limitations apply to this
account.
Rate Information The dividend rate and annual percentage yield
may change anytime as determined by the Board of Directors.
CERTIFICATES
Compounding & Crediting Dividends may be compounded monthly and
will be credited monthly. The dividend period begins on the date the
account is opened and ends on the stated maturity date.
Minimum Balance Requirements The minimum balance to open a
regular certificate is $1,000 and a special certificate is $3,000.
Transaction Limitations After the certificate is opened, you may
not make deposits into the certificate until the maturity date stated on
the certificate.
Maturity Date Your certificate will mature after a period of five
months to sixty months. Check Rates for specific maturity information.
Early Withdrawal Penalties The Credit Union may impose a penalty
if you withdraw any of the funds before the maturity date. The penalty
will equal 90 days dividends on the entire certificate balance with
terms of less than eleven months, 180 days dividends on the entire
certificate balance with terms of twelve months to 35 months, and 360
days dividends on the entire certificate balance with terms of 36 months
or longer.
Renewal Policies Your certificate will not renew automatically at
maturity. If you do not renew the certificate, your certificate will no
longer earn dividends after the maturity date.
Rate Information The annual percentage yield assumes that the
dividends are added to the principal.
MONEY MARKET ACCOUNT
Compounding & Crediting Dividends will be compounded monthly and
will be credited monthly. The dividend period is one month, beginning on
the first of the month and ending on the last day of the month. If you
close your account before dividends are credited, you will not receive
accrued dividends.
Minimum Balance Requirements The minimum balance to open this
account is $5,000. You must maintain a minimum average daily balance of
$5,000 to obtain the disclosed annual percentage yield. If your average
daily balance falls below $5,000 the dividend rate and APY are equal to
the rate payable on the First Security checking account. No dividends
are paid on average daily balances under $2,000. A minimum daily balance
of $5,000 must be maintained in your account to avoid a monthly service
fee of $10. Fees may reduce earnings.
Transaction Limitations During any month you may not make more
than six withdrawals or transfers to another FSCU account of yours or to
a third party by means of a pre-authorized or automatic transfer or
telephonic order or instruction. No more than three of the six transfers
may be made by check, draft or similar order to a third party. If you
exceed the transfer limitations set forth above in any month, your
account will be subject to a fee of $10 per item and possible closure by
the Credit Union. Transactions may be made anytime and must be a minimum
of $250.
Rate Information The dividend rate and annual percentage yield
may change anytime as determined by the Board of Directors.
CHRISTMAS CLUB
Compounding & Crediting Dividends will not be compounded and will
be credited annually. The Christmas Club dividend period is from
November 1 to October 31. The Christmas Club balance will be deposited
to your savings account by November 2.
Minimum Balance Requirements The minimum balance to open this
account is $5.
Transaction Limitations During any month, you may not make more
than six withdrawals or transfers to another FSCU account of yours or to
a third party by means of a pre-authorized or automatic transfer or
telephonic order or instruction. No more than three of the six transfers
may be made by check, draft, debit card or similar order to a third
party. If you exceed the transfer limitations set forth above in any
statement period, your account will be subject to closure by the Credit
Union.
Rate Information The dividend rate and annual percentage yield
may change every year as determined by the Board of Directors.
REAL ESTATE ESCROW ACCOUNT
Compounding & Crediting Dividends will be compounded quarterly
and will be credited quarterly. The dividend period is January 1 and the
ending date of such dividend period is March 31. All other dividend
periods follow this same pattern of dates.
Minimum Balance Requirements The minimum balance to open this
account is $5.
Transaction Limitations No withdrawals or transfers from this
account are permitted, except to pay taxes on the property securing your
First Security mortgage loan.
Rate Information The dividend rate and annual percentage yield
may change every year as determined by the State of Wisconsin Division
of Savings Institutions.
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