Disclosures

• Membership Agreement and Disclosures

• Savings Disclosures
   
• Certificate Disclosures

• Fee Schedule

• Courtesy Pay Disclosure

• Mobile Check Deposit Disclosure
   
• Credit Card Disclosure

Truth-In-Savings Account Disclosures

The rates, fees, and terms applicable to your account at the Credit Union are provided in the Rate and Fee Schedule. The Credit Union may offer other rates for these accounts from time to time.

 *APR is Annual Percentage Yield
**Also Available Roth IRA Account and Coverdell Education Savings Account

Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in this Rate & Fee Schedule are Share accounts.

1. 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 Savings, Special Purpose IRA Savings, Roth IRA and Coverdell Education Savings, and High Yield Money Market accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union's Board of Directors. The Dividend Rates and Annual Percentage Yields are the rates and yields as of the last dividend declaration date which is set forth in the Rate Schedule. The High Yield Money Market account is a Tiered Rate account. If your account balance is $100.00 to $9,999.99, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is $10,000.00 to $24,999.99, the second Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is $25,000.00 to $49,999.99, the third Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is $50,000.00 or greater, the fourth Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. Once a particular balance range is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account.
2. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
3. Dividend Compounding and Crediting. The compounding and crediting of dividends and dividend period applicable to each account are set forth in the Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.
4. Accrual of Dividends. For Share Savings, Special Purpose, IRA Savings, Roth IRA, Coverdell Education Savings and High Yield Money Market accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. For Share Savings, Special Purpose, IRA Savings, Roth IRA, Coverdell Education Savings and High Yield Money Market accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.
5. Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For High Yield Money Market accounts, there is a minimum daily balance required to avoid a service fee for the dividend period. If the minimum daily balance is not met, there will be a service fee as set forth on the Fee Schedule. For Share Savings, Special Purpose, and High Yield Money Market accounts, there is a minimum daily balance required to obtain the Annual Percentage Yield for the dividend period. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. *For members under 18 years of age, there is no minimum balance requirement to obtain the Annual Percentage Yield for the dividend period. For Share Savings, Special Purpose, IRA Savings, Roth IRA, Coverdell Education Savings and High Yield Money Market accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.
6. Account Limitations. For Share Savings and Special Purpose accounts, no more than six (6) preauthorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month; six (6) transfers may be made by check, draft, or debit card to a third party. For High Yield Money Market accounts, three (3) withdrawals per month are allowed, after which a fee will be imposed. Also, the minimum withdrawal is $300.00 and the minimum deposit allowed is $100.00. If you exceed these limitations, your account may be monitored or closed. For IRA Savings, Roth IRA, Coverdell Education Savings and Checking accounts, no account limitations apply.

Certificate of Deposit Truth-In-Savings Disclosures

The rates and fees appearing in this Schedule are accurate and effective for accounts as of the Last Dividend Declaration 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.

*** IRA Certificate, Coverdell Educational Certificate, Roth IRA Certificate

Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in this Rate & Fee Schedule are Certificate accounts.

1. 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 all accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.
2. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
3. Dividends Compounding and Crediting. The compounding and crediting of dividends applicable to each account is set forth in the Rate Schedule.* The Dividend Period begins on date of Certificate issuance and ends one calendar month later for 6 Month, 9 Month, 12 Month, 18 Month, 24 Month, 36 Month and 48 Month Certificates and ends one calendar quarter later for IRA Certificates. For 6 Month Certificate, 9 Month Certificate, 12 Month Certificate, 18 Month Certificate, 24 Month Certificate accounts, 36 Month Certificate, and 48 Month Certificate withdrawals of dividends are allowed if the dividends are not being compounded.
4. Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For all accounts, dividends are calculated by the Daily Balance method which applies a daily periodic rate to the principal in the account each day.
5. Accrual of Dividends. For all accounts, dividends will begin to accrue on noncash deposits (e.g., checks) on the business day you make the deposit to your account. For all accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.
6. Transaction Limitations. After your account is opened, your ability to make additional deposits to your account or withdrawals of dividends and any limitations on such transactions are set forth in the Rate Schedule.
7. Maturity. Your account will mature as indicated on this Rate and Fee Schedule or on your Certificate or Renewal Notice.
8. Member Rewards Program. If you earn a specific point level with Member Rewards Program that provides you with Gold or Platinum Level, your dividend rate will be increased by 0.15% for Gold or 0.25% for Platinum on new certificates. Please ask a Member Service Representative for details on our Member Rewards program. Special promotional certificates may be excluded.

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 or less - 90 days dividends
Terms of greater than 12 months - 180 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:

1. When an account owner becomes disabled, dies or is determined legally incompetent by a court or other body of competent jurisdiction.
2. Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment.

Renewal Policy. The renewal policy for your accounts is indicated on the Rate Schedule. For all accounts, your account will automatically renew for another term upon maturity. For all accounts, you have a grace period of seven (7) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty.

Nontransferable/Nonnegotiable. Your account is nontransferable and non-negotiable. 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. If you have any questions or require current rate and fee information on your accounts, please call the GR Consumers Credit Union at (616) 538-2810.