Truth-In-Savings Disclosure 03

	Truth-In-Savings Disclosure

	Checking Accounts: General Information

	Introduction
	By signing the application, you authorize the Credit Union to establish a share draft account for you to be known as a Checking Account. If there is more than one owner of this Account, the Account shall be owned by you jointly with the right of survivorship. The Credit Union is authorized to pay checks signed by you and to charge the payment against your Account. The Credit Union may refuse to pay checks if such payment would exceed available funds in the Account and funds available under the Overdraft Protection Option, if selected. If the credit Union does pay such check(s), you agree to pay, upon demand by the Credit Union, any overdraft amount not covered by an Overdraft Protection Option including any fees as stated on the Schedule of Fees. The right or authority of the Credit Union under this Agreement shall not be changed or terminated by you except by written notice to the Credit Union which shall not affect transactions made before the Credit Union actually receives the notice of change or termination. To close the Account, the Credit Union must be notified in writing. Only check forms or other access devices approved by the Credit Union may be used to access or withdraw funds from the Account. Except for negligence on its part, the Credit Union is not liable for any action it takes or fails to take regarding the payment or nonpayment of a check. We may pay a check on whatever day it is presented for payment notwithstanding the date (or any limitation on the time of payment) appearing on the check unless you give us notice as required under the UCC. Any objection concerning any item shown on a monthly statement for the Account shall be waived unless made in writing to the Credit Union on or before the time limits set forth in the UCC. The Credit Union is under no obligation to pay a check on which the date is more than six (6) months old. You shall be liable for such service charge/fees as the Credit Union may, from time to time, impose for returned items written against insufficient funds or on closed accounts and for other returned items deposited into your Account. The Credit Union has the right to terminate this Agreement or change its terms, conditions, requirements, charges or fees at any time upon sending written notice to you at your address shown on the Credit Union's records. The Credit Union is authorized to deduct any Account service charge or fee from any of your Accounts without prior notice to you. Charges and fees will be deducted from this Account to the extent funds are available. If sufficient funds are not available, then the funds available under any available Overdraft Protection Option shall be given preference. If there are still nonsufficient funds, the charges may be paid with funds in your other accounts at the Credit Union. All non-cash share purchases or payments received in the Account may be placed on hold in accordance with the Credit Union's policy on the delayed availability of funds. The Credit Union has the right to assign this agreement. The Credit Union will credit the Account with such dividends as the Credit Union may declare at the end of each dividend period. Each negotiated check will be charged to the Account as of the date of payment by the Credit Union. The Credit Union will pay items from the account in the order of lowest dollar amount to highest dollar amount. This Account is truncated which means you will not receive paid checks. A photocopy of a paid check is available upon request for seven (7) years from the date the check was paid by the Credit Union. A fee in an amount established by the Credit Union may be charged for each copy provided. (See Fee Schedule) The Credit Union is authorized to recognize any of the signatures subscribed to the account card for the payment of funds or the transaction of any business for this Account. For the purpose of this Agreement, use of a Personal Identification Number (PIN) or other access device shall have the same effect as your signature. If this Account has more than one joint owner, the owners agree with each other and with the Credit Union that all sums now paid in on shares or heretofore or hereafter paid in on shares by any or all of said joint owners to their credit as such joint owners together with accumulations thereon are and shall be owned by them jointly with the right of survivorship and shall be subject to the withdrawal or receipt by any of them and payment to any of them or to the survivor or survivors shall be a valid discharge of the Credit Union from any liability for such payment. The Credit Union will charge the Account for check printing costs at the time the charge is received from the printer. If there are nonsufficient funds in the Account, the Credit Union may charge any other account held by any of the named account owners of this Account. The Credit Union reserves the right to close the Account should there be three (3) or more incidents of checks with nonsufficient funds in any six (6) month period. The Credit Union may use an endorsement by stamp on any item that is received for deposit without a signature. The Credit Union shall not be responsible for any losses caused by delays resulting from any endorsement error. The Credit Union does not allow the requirement of more than one signature to pay a check.

	Stop Payments
	Must be made in the manner required under the UCC and we must receive it in time to give us a reasonable opportunity to act on it. To be effective, your stop payment must precisely identify the check number, date and amount of the item and the payee. The request will cease to be effective six months from the date placed, but lapses after 14 calendar days if the original order was oral and was not confirmed in writing within that 14-day period. The Credit Union will not be liable for payment of the check or preauthorized transfer contrary to this request unless payment is caused by the Credit Union's negligence resulting in a loss to the member.

	Nonsufficient Funds (NSF)
	The Credit Union strongly encourages the responsible use of your checking account. The best way to avoid NSFs and returned items is to request Overdraft Protection-it is easy and convenient. Overdraft Protection links your checking account to another Credit Union account, so money is automatically transferred from one account to another when you need it. It is against the law to write a check when you know that you do not have funds to cover it. Excessive unpaid items may result in your account being closed by the Credit Union. Your credit rating can be adversely affected. The merchant may charge you a fee when a check is returned unpaid. Many merchants are also unwilling to accept checks form customers who have a history of unpaid items. If your check is returned unpaid, the person who accepted it as payment from you may be charged a fee by their bank.

	Overdraft Protection
	The Credit Union is under no obligation to pay a check, preauthorized debit or Visa Check Card transaction, which exceeds the balance in your Checking Account. However, in the event that paying a check, preauthorized debit or Visa Check Card transaction would result in your account being overdrawn, the Credit Union will attempt to honor your check, preauthorized debit or Visa Check Card transaction from your choice of the following overdraft protection options: You may elect to have your checking account overdraft from any other savings accounts or checking accounts you have with the Credit Union with the exception of Holiday Club Accounts, Share Certificates or IRA Savings. Withdrawals from savings accounts are governed by Regulation D requirements, described in the Transaction Limitations section above. A fee will be charged for each overdraft transfer from shares. (See Schedule of Fees) You may elect to use your Quick Cash Line of Credit or your Home Equity Line of Credit for overdraft protection. If authorized by you, the Credit Union will transfer amounts from your Quick Cash Line of Credit in increments of $250.00 and from your Home Equity Line of Credit in increments of $500.00, (but shall not exceed the authorized credit limit of the line of credit) and deposit this amount into your checking account. If the stated increments are not available, the Credit Union will transfer whatever is available if it will clear the item. You may elect to transfer from savings accounts, checking accounts and lines of credit for overdraft protection. A fee will be charged for each overdraft transfer. (See Schedule of Fees) Overdraft Protection is not transferable to or from other share accounts. You must designate the specific accounts to which the overdraft protection will apply. If you close the designated share account for any reason, you would have to contact the credit union to initiate overdraft protection on the new share account. For example: If you set up Overdraft Protection from your primary share account (01) to your primary checking account (75) and then closed the checking account (75) and reopened another checking account (76), you would have to set up a new Overdraft Protection to cover the new checking account. The original Overdraft Protection would not automatically apply to the new checking account. The Credit Union will only transfer from "available" funds in any savings or checking account. The Credit Union will not transfer from any Line of Credit if it is over your credit limit or delinquent.

	Checking Account Types

	Fast Track Checking Account
	Rate Information: The initial dividend rate and annual percentage yield (APY) on your dividend bearing Checking Account is stated on the rate sheet accompanying this disclosure. Your dividend bearing checking account is a variable rate account. The rate and APY may change at any time at the Credit Union's discretion. Dividend Compounding and Crediting: Dividends will be compounded daily and credited monthly. Dividend Period: 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 is January 31. All other dividend periods follow this same pattern of dates. If you close your account before dividends are credited, you may not receive the accrued dividends. Minimum Balance Requirements: The minimum balance required to open this account is $50.00. You must maintain a minimum average daily balance of $1,000.00 in your account to obtain the disclosed annual percentage yield (APY). You must maintain a minimum balance of $.01 to avoid closure. Please refer to the Schedule of Fees for additional information about monthly maintenance fees. Transaction Limitations: Other than as stated above, there are no limitations.