Truth-In-Savings Disclosure 01

	Truth-In-Savings Disclosure

	General Information

	Transaction Limitation
	We reserve the right to, at any time, require not less than seven days notice, in writing, before each withdrawal from a dividend accruing account other than a time deposit, or from any other savings account as defined by Regulation D. Nature of Dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period.

	Accrual of Dividends on Non-Cash Deposits
	Dividends begin to accrue on the business day you deposit non-cash items (e.g., checks) in your account.

	Par Value
	The par value of a regular share is $100.00. For all accounts, except youth accounts (Formula Fun, Champ Savers, Turbo Savers, Performance Savers), you must open a Strategic Savings Account and purchase a $100 share to open and maintain the account and avoid closure.

	Rate Information
	The initial dividend rate and annual percentage yield (APY) are stated on the Schedule of Rates accompanying this Disclosure and Agreement.

	Share Insurance
	All share accounts are insured up to $100,000 at Toyota Federal Credit Union. This coverage is $100,000 per member provided by the National Credit Union Administration (NCUA), an agency of the federal government.

	Bylaw Requirements
	A member who fails to complete payment of one share within 6 months of his/her admission to membership, or within 3 months from the increase in the par value in shares, or a member who reduces his/her share balance below the par value of one share and does not increase the balance to at least the par value of one share within 1 month of the reduction may be terminated. Shares may be transferred only from one member to another, by written instrument, in such form as we may prescribe. We reserve the right, at any time, to require the member to give, in writing, not more than 60 days' notice of intention to withdraw the whole or any part of the amounts so paid in by them. No member may withdraw shareholdings that are pledged as required for security on loans without the written approval of a loan officer, except to the extent that such shares exceed the member's total primary and contingent liability to us. No member may withdraw any shareholdings below the amount of his/her primary contingent liability to us if he/she is delinquent as a borrower, or if borrowers for whom he/she is co-maker, endorser, or guarantor are delinquent, without the written approval of a loan officer. Balance Information: We compute the balance in all accounts to determine the dividends you will be paid by using the average daily balance method that 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. The period we use is the quarterly period (unless otherwise specified).

	Regular Share Accounts
	Federal law requires us to report to the Department of the Treasury, Internal Revenue Service, certain large transactions in currency. We may report other transactions at our discretion.