Truth In Savings

Savings Account

Rate Information
The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and Crediting
Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend Period
For this account type, 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 of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements
The minimum balance required to open this account is $100.00.

You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.

Par value of a share - $5.00

Monthly Service Charge - The average daily balance each month must be $100.00 or more, or receive monthly direct deposit to this account, or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Daily balance computation method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on non cash deposits
Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations
No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Liberty Savings Account

Minimum balance requirements
The minimum balance required to open this account is $100.00.

Par value of a share - $5.00

Monthly Service Charge
The average daily balance each month must be $100.00 or more or receive monthly direct deposit to this account, or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Transaction limitations
No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Student Savings Account

Rate Information
The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting
Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend period
For this account type, 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 of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements
The minimum balance required to open this account is $5.00.

You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.

Age requirement
If you are less than 18 years of age or a full-time student age 23 or younger you will not be subject to the monthly service charge disclosed in the Service Charge Schedule. We may request annual proof of full-time student status.

Par value of a share - $5.00

Daily balance computation method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on non cash deposits
Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations
No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Special Savings Account

Rate Information
The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting
Dividends will be compounded every month. Dividends will be credited to your account every month.

If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements
The minimum balance required to open and maintain this account is $20.00 or a completed Direct Deposit Payroll Form.

You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.

Monthly Service Charge
After the first 60 days, the average daily balance each month must be $100.00 or more or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Daily balance computation method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on non cash deposits
Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations
You may not make any withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party.

Fees and charges
The excessive withdrawal charge for each withdrawal in excess of two per calendar year is disclosed in the Service Charge Schedule.

Members Choice Club Account

Rate Information - The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding frequency - Dividends will be compounded every month.

Crediting frequency - Dividends will be credited to your account every month.

Dividend period - For this account type, the dividend period is monthly.

Effect of closing an account - If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements:
The minimum balance required to open and maintain this account is $20.00 or a completed Direct Deposit Payroll Form.

You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.

Monthly Service Charge - After the first 60 days, the average daily balance each month must be $100.00 or more or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Daily balance computation method – Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:
You may make unlimited additions into your account.

You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.

You can only withdraw dividends credited in the term before maturity of that term. You can withdraw dividends anytime during the term of crediting after they are credited to your account.

Time requirements - Your account will mature _________.

Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) - The penalty we may impose for each withdrawal prior to maturity on _______ is disclosed in the Service Charge Schedule.

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty.

Withdrawal of dividends prior to maturity - The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.

Automatically renewable account - This account will automatically renew at maturity. Your funds will be mailed to you at the address of record or placed in an account you designate on the first business day following the date of maturity.

Each renewal term will be the same as the original term, beginning on the maturity date. Dividends will be calculated on the same basis as during the original term.

There is no grace period following the maturity of this account during which you may withdraw the funds without being charged an early withdrawal penalty.

IRA Shares Account

Rate Information
The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting
Dividends will be compounded every month. Dividends will be credited to your account every month.

Minimum balance requirements
The minimum balance required to open this account either $100.00 or a payroll deduction of at least $20.00 per month.

You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.

Daily balance computation method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits
Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Notice
Standard IRS regulations apply. Consult your tax advisor.

Free Checking Account

Minimum balance requirements
The minimum balance required to open this account is $100.00.

Transaction limitations
No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Interest Checking Account

Rate Information
The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting
Dividends will be compounded every month. Dividends will be credited to your account every month.

If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements
The minimum balance required to open this account is $1,000.00.

Monthly service charge
The average daily balance each month must be $1,000.00 or more or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Daily balance computation method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Fees charged to the account may reduce earnings.

Accrual of dividends on noncash deposits
Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations
No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Reward Checking Account

Rate Information
The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the board of directors.

When the Reward Checking requirements are met, the interest rate and corresponding annual percentage yield (APY) will be paid as described below:

Balances of $0 - $25,000 will be paid the rate of 4.41%, with an APY of 4.51%.
Balances of $25,000.01 and above will paid the rate of 1.00%, with an APY of 1.01%.

When the Reward Checking requirements are not met, the interest rate and corresponding annual percentage yield (APY) will be paid as described below:

All balances will be paid the rate of 0.30%, with an APY of 0.30%.

Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the actual, posted balance in the account each day. Fees charged to the account may reduce earnings.

Compounding and crediting: Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend period: For this account type 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 of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31. If you close your account before dividends are paid, you will not receive the accrued dividends.

Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day noncash items (for example, checks) are posted to your account.

ATM fee refunds: If you have met your eligibility requirements for the month, we will refund Finance Center Federal Credit Union ATM fees, resulting from transactions using a Finance Center Federal Credit Union-issued Debit Card. Refunds will be reimbursed the first business day of the following month that the Reward Checking eligibility requirements were met.

ATM surcharge refunds: If you have met your eligibility requirements for the month, we will refund domestic ATM surcharges and Point of Sale (POS) surcharges, resulting from transactions using a Finance Center Federal Credit Union-issued Debit Card, in the amount of $4.99 or less. Unreimbursed surcharges over $4.99 are not automatically refunded, but may be manually refunded by a credit union representative with the presentation of a receipt within the 10 business days following the month that the Reward Checking eligibility requirements were met.

Eligibility Requirements: To qualify for “REWARD Checking” rates, you must:

Make 12 debit card transactions using your Finance Center Federal Credit Union-issued Debit Card per “qualification cycle”*. To qualify, all check card transactions must be posted to the account during the qualification period.
Receive your monthly statement electronically
Receive one or more direct deposit or ACH credit or debit monthly

* “Qualification cycle” means monthly. For example, the beginning date of the first qualification cycle of the calendar year is January 1, and the ending date of such qualification cycle is January 31. All other qualification cycles follow the same pattern.

Minimum balance requirements: The minimum balance required to open this account is $100.00.

Transaction limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section.

IRS Reporting: If the reimbursement credits of ATM surcharges exceed $10 in a year, they are considered a bonus for the purposes of Regulation DD. These reimbursements constitute income to you and considered income reportable. If the total income reportable totals $600 or more in a taxable year, the credit union will issue you a 1099 MISC.

REALTunes™ Checking

Eligibility Requirements:
To qualify for “REALTunes™ Checking” refunds and rebates, you must:

Make 12 debit card transactions using your Finance Center Federal Credit Union-issued Debit Card per “qualification cycle”*. To qualify, all check card transactions must be posted to the account during the qualification period.
Receive your monthly statement electronically
Access Financial Center Online at least once per qualification cycle*

*“Qualification cycle” means monthly. For example, the beginning date of the first qualification cycle of the calendar year is January 1, and the ending date of such qualification cycle is January 31. All other qualification cycles follow the same pattern.

REALTunes™ Rebates:
If you have met all eligibility requirements for the qualification cycle, a rebate will be awarded for future purchases at the iTunes® store.

You are required to satisfy the eligibility requirements in the month preceding the month in which you will be awarded the rebate for purchases made at the iTunes® store. You will earn a $4.95 credit for every month that you satisfy the eligibility requirements. If you have met your eligibility requirements for the month, we will refund your purchases at the iTunes® store, which includes any applicable sales tax, up to $4.95. You have 30 days to use your $4.95 iTunes® rebate. iTunes® rebates do not carry over from month to month.

iTunes® credits are not applied when purchases occur; they are applied in lump sum at the end of the subsequent month.

For Example, if you meet all eligibility requirements in the June qualification cycle, you earn the iTunes® rebate. The rebate may be used in the July qualification cycle up to the expiration date. The iTunes® purchased by you in the July qualification cycle will be refunded up to the earned credit amount after the July qualification cycle. Refunds will be reimbursed the first business day of the following month. In our example, August 1st.

iTunes® must be purchased using your Finance Center Federal Credit Union – issued Debit Card.

A $9.90 iTunes® sign-on rebate will be awarded during the first month you open REALTunes™ Checking. You have 60 days to use your $9.90 iTunes® sign-on rebate. iTunes® rebates do not carry over from month to month.

Maximum ATM fee refunds and ATM surcharge refunds: Total refunds of domestic ATM surcharges, Point of Sale (POS) surcharges and Finance Center Federal Credit Union ATM fees, resulting from transactions using a Finance Center Federal Credit Union-issued Debit Card, will not exceed $25.00 per month.

Minimum balance requirements: The minimum balance required to open this account is $25.00.

Transaction limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section.

IRS Reporting: If the reimbursement credit of iTunes store purchases and/or ATM surcharges exceed $10 in a year, they are considered a bonus for the purposes of Regulation DD. These reimbursements constitute income to you and considered income reportable. If the total income reportable totals $600 or more in a taxable year, the credit union will issue you a 1099 MISC.

Money Market Account

Rate Information
The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting
Dividends will be compounded every month. Dividends will be credited to your account every month.

Minimum balance requirements
The minimum balance required to open this account is $1,000.00.

Monthly service charge
The average daily balance each month must be $1,000.00 or more or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Daily balance computation method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits
Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations
During any calendar month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card (if applicable), or similar order to a third party. Your fourth check will be returned unpaid. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.

Premium Money Market Account

Rate Information
The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting
Dividends will be compounded every month.
Dividends will be credited to your account every month.

Minimum balance requirements
The minimum balance required to open this account is $10,000.00.

Monthly service charge
The average daily balance each month must be $10,000.00 or more or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Daily balance computation method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits
Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Prestige Money Market Account

Rate Information
The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting
Dividends will be compounded every month.
Dividends will be credited to your account every month.

Minimum balance requirements
The minimum balance required to open this account is $50,000.00.

Monthly service charge
The average daily balance each month must be $50,000.00 or more or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Daily balance computation method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits
Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Premier Money Market Account

Rate Information
The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting
Dividends will be compounded every month.
Dividends will be credited to your account every month.

Minimum balance requirements
The minimum balance required to open this account is $100,000.00.

Monthly service charge
The average daily balance each month must be $100,000.00 or more or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Daily balance computation method
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits
Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

HSA Savings Account

Rate Information: The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting – Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend period – For this account type, 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 of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31. If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum Balance requirements: You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.

Par value of a share: $5.00

Monthly service charge – The average daily balance each month must be $100.00 or more, or receive monthly direct deposit to this account, or the account will be subject to the monthly services charges disclosed in the Service Charge Schedule.

Daily balance computation method – Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Notice – Standard IRS regulations apply. Consult your tax advisor.

HSA Checking Account

Minimum balance requirements: The minimum balance required to open this account is $100.00.

Transaction limitations: All purchases and withdrawals made by check or Visa® Debit Card are considered normal distributions from your Health savings Account. Although Finance Center Federal Credit Union places no restrictions on the usage of this card, the IRS assesses a 10% penalty for non-qualified HSA withdrawals. No other transaction limitations apply to this account unless otherwise stated in the common Features section.

Monthly service charge – Monthly service charges are disclosed in the Service Charge Schedule.

Notice – Standard IRS regulations apply. Consult your ax advisor.

HSA Interest Checking Account

Rate Information: The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting – Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend period – For this account type, the dividend period of monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31. If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements - The minimum balance required to open this account is $1,000.00.

Monthly Service charge - Monthly service charges are disclosed in the Service Charge Schedule.

Daily balance computation method – Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Fees charged to the account may reduce earnings.

Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations: All purchases and withdrawals made by check or Visa® Debit Card are considered normal distributions from your Health Savings Account. Although Finance Center Federal Credit Union places no restrictions on the usage of this card, the IRS assesses a 10% penalty on non-qualified HSA withdrawals. No other transaction limitations apply to this account unless otherwise stated in the Common Features section.

Notice – Standard IRS regulations apply. Consult your tax advisor.

HSA Money Market Account

Rate Information: The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting – Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend period – For this account type, 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 of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend periods follo9w this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

Minimum balance requirements: The minimum balance required to open this account is $1,000.00.

Monthly service charge – The average daily balance each month must be $1,000.00 or more or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Daily balance computation method – Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations: During any calendar month, you may not make more than six withdrawals or transfers to any credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer or telephonic order or instruction. No more than three of the six transactions may be made by check, draft, debit card (if applicable), or similar order to a third party. Your fourth check will be returned unpaid. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union. All purchases and withdrawals made by check or Visa® Debit card are considered normal distributions from your Health Savings Account. Although Finance Center Federal Credit Union places no restrictions on the usage of this card, the IRS assesses a 10% penalty for non-qualified HSA withdrawals.

Notice – Standard IRS regulations apply. Consult your tax advisor.

HSA Premium Money Market Account

Rate Information: The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting – Dividends will be compounded every month. Dividends will be credited to your account every month.

Minimum balance requirements: The minimum balance required to open this account is $10,000.00.

Monthly service charge – The average daily balance each month must be $10,000.00 or more or the account will be subject to the monthly service charges disclosed in the Service Charge Schedule.

Daily balance computation method – Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividend on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations: during any calendar month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, drafts, debit card (if applicable), or similar order to a third party. Your fourth check will be returned unpaid. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union. All purchases and withdrawals made by check or Visa® Debit card are considered normal distributions from your Health Savings Account. Although Finance Center Federal Credit Union places no restrictions on the usage of this card, the IRS assesses a 10% penalty for non-qualified HSA withdrawals.

Notice – Standard IRS regulations apply. Consult your tax advisor.

Common Features

Bylaw requirements
If you do not complete payment of one share in a savings account within six months of admission to membership, or within six months of the increase in the par value of one share, you may be terminated from membership immediately.

If the balance in a savings account falls below the par value of one share, and you do not increase the balance to at least the par value of one share within six months of the reduction, you may be terminated from membership at the end of the six month period.

The par value of a share - $5.00.

Fees charged to the account may reduce earnings.

Transaction limitation
We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from an interest-bearing 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. (This disclosure further explains the dividend feature of your non-term share account(s).)

National Credit Union Share Insurance Fund and Excess Share Insurance
Member accounts in this credit union are insured by Excess Share Insurance and federally insured by the National Credit Union Share Insurance Fund.

Please refer to our separate Service Charge Schedule for additional information about fees.