Certificate of Deposit Account To open a Certificate of Deposit Account you must deposit the minimum amount required that is associated with the certificate term desired. Once your account is established you may not make any additional deposits into the account during the elected term. If the account is closed or any of the principal amount is withdrawn before maturity date the credit union will impose a penalty. A penalty of (3) three months interest will be imposed on a (6) month term certificate and a penalty of (6) months interest will be imposed on a certificate with a term of (12) twelve months or more.

Nature of Dividends Dividends are paid from income and available earnings, after required transfers to reserves at the end of a dividend period.

Common Features You must complete payment of $25.00 in your Share Savings account as a condition of admission to membership. If your balance in your Share account falls below $25.00 and you do not increase the balance to at least $25.00 within 30 days of the reduction, you may be terminated from membership.

Transaction Limitation Except for checking accounts, we reserve the right to require a member intending to make a withdrawal to give written notice of such intent no less than seven days and up to thirty days before any such withdrawal.

Fees and Charges Any fees and charges applicable to your account are disclosed separately in the "Rate and Fee Schedule" provided in conjunction with these account disclosures and agreements.