Start planning for the future now by opening an Individual Retirement Account. With automatic payroll deduction, building a retirement account can be easy. IRA certificate minimum balance is $1,000.00.

Rates Effective April 1, 2013

Term	6 Month	12 Month	24 Month	36 Month
Minimum	$1000	$1000	$1000	$1000
Dividend Rate (Fixed)	.30%	.40%	.50%	.60%
APY * (Fixed)	.30%	.40%	.50%	.60%
Renewable	Yes	Yes	Yes	Yes
Early Withdrawal Penalties	30 Days of Interest	30 Days of Interest	90 Days of Interest	90 Days of Interest

TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES
Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in this Rate and Fee Schedule are share accounts.

Rate Information. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Share Certificate and IRA Share Certificate accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. For Share, Share Draft, Vacation, Scottie Savers Club, Christmas Club, and IRA accounts, the Dividend Rate and Annual Percentage Yield may change quarterly as determined by the Credit Union’s Board of Directors. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.

FOR SHARE CERTIFICATE AND IRA SHARE CERTIFICATE ACCOUNTS ONLY

Maturity. Your account will mature as indicated on this Rate and Fee Schedule or on your Account Receipt or Renewal Notice.
Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal before the maturity date.
Amount of Penalty. For all Certificate accounts, the amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows: Terms of 12 months and under - 30 days dividends; Terms of 24 months and over - 90 days dividends.
How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.
Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:
Renewal Policy. The renewal policy for your accounts is as follows:
Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.

The rates and fees appearing in this Schedule are accurate and effective for accounts as of the Effective Date indicated on this Rate and Fee Schedule. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union.

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