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 non cash items (for example, checks) to your account.

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 non cash 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.

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 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 non cash 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 Non Cash Deposits - Dividends will begin to accrue on the business day you place non cash 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.

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.

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 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.

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.

Panther 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.

Bank on Indy Checking Account

Minimum Balance Requirements
The minimum balance required to open this account is $10.00.

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

Overdraft Privilege Program is not available on the Bank on Indy Checking account.

The credit union will waive, upon customer request, the first set of NSF/OD fees.

Definition: (a set is the NSF/OD transactions that occur in a single business day.)

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 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 $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 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.

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 _____%, with an APY of _____%.
Balances of $25,000.01 and above will paid the rate of _____%, with an APY of _____%.

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 _____%, with an APY of _____%.

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 Non Cash Deposits
Dividends will begin to accrue on the business day non cash 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 ten business days following the month that the Reward Checking eligibility requirements were met.

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 $15.00 per month.

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

o Have at least 12 debit card transactions using your Finance Center Federal Credit Union-issued Debit Card post and clear per qualification cycle*. To qualify, all check card transactions must be posted by the close of business on the last business day of the month (not including Saturday or Sunday) to the account during the qualification cycle*.
o Have your monthly statement delivered electronically
o Have at least one or more direct deposit or ACH credit or debit post and clear 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 the last business day of the month at close of business for the day (not including Saturday or Sunday). 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.

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 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 Non Cash 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, telephonic order or instruction, or by check, draft, debit card, or similar order to a third party. Your seventh check will be returned unpaid. If you exceed the transfer limitations set forth above, 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.

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.

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 Non Cash 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, telephonic order or instruction, or by check, draft, debit card, or similar order to a third party. Your seventh check will be returned unpaid. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.

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.

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.

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 Non Cash 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, telephonic order or instruction, or by check, draft, debit card, or similar order to a third party. Your seventh check will be returned unpaid. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.

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.

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.

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 Non Cash 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, telephonic order or instruction, or by check, draft, debit card, or similar order to a third party. Your seventh check will be returned unpaid. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.

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 Non Cash Deposits
Dividends will begin to accrue on the business day you place non cash 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 20% penalty for non-qualified HSA withdrawals.

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

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 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.

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 Non Cash Deposits
Dividends will begin to accrue on the business day you place non cash 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, telephonic order or instruction, or by check, draft, debit card, or similar order to a third party. Your seventh check will be returned unpaid. If you exceed the transfer limitations set forth above, 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 only restricts the usage of this card at automated fuel pumps, the IRS assesses a 20% 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.

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.

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 Non Cash Deposits
Dividends will begin to accrue on the business day you place non cash 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, telephonic order or instruction, or by check, draft, debit card, or similar order to a third party. Your seventh check will be returned unpaid. If you exceed the transfer limitations set forth above, 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 only restricts the usage of this card at automated fuel pumps, the IRS assesses a 20% 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 two months of admission to membership, or within two 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 two months of the reduction, you may be terminated from membership at the end of the two 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. 
 
Revised 07/09
1988,1993,1996 CUPA/Bankers Systems, Inc., St Cloud, MN