Truth in Savings
Except as specifically described, the following disclosures apply to all variable rate Share, Checking and Money Market account types.

RATE INFORMATION: Annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid based on the dividend rate and frequency of compounding for an annual period when dividends are not withdrawn.

NATURE OF DIVIDENDS: Dividends are paid from current and available earnings after required transfers to reserves at the end of the dividend period. The dividend rate and annual percentage yield are the prospective rates and yields that the credit union anticipates paying for the applicable dividend period. Rates are set at the discretion of the credit union.

COMPOUNDING AND CREDITING: Dividends will be compounded and credited for the period as described, provided the account remains open on the day dividends are credited. Quarterly dividend period begins on the first day of the calendar quarter, and dividends are paid on the last calendar day of the quarter. Monthly dividend period begins on the first day of the calendar month and dividends are paid on the last day of the calendar month. Dividends are calculated on the entire balance of the account once the minimum balance is on deposit.

ACCRUAL OF DIVIDENDS: Dividends will begin to accrue on deposits on the business day of the deposit. If the account is closed before accrued dividends are credited, accrued dividends will be paid on the day the account is closed.

MINIMUM DEPOSIT: Minimum deposit is the amount required to open the account.

MINIMUM BALANCE: Minimum balance is the daily balance required for the accrual of dividends for one day at the stated rate. Any day the balance is below the minimum balance, no dividends will be accrued.

DAILY BALANCE METHOD: Dividends are calculated by applying a daily periodic rate to the principal balance in the account each day.

ACCOUNT LIMITATIONS: The credit union reserves the right to impose a notice of up to 60 days for the withdrawal of shares. Shares may not be pledged, transferred or assigned to any party other than the credit union. The first $5 deposit in the regular share account is not available for withdrawal, and is required to maintain your membership, to open other types of accounts and to be eligible for services.

For share accounts in which transfer limitations apply, 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, and no more than three (3) of these six transfers may be made by check, draft or debit card to a third party. If you exceed these limitations, your account may be closed. Preauthorized transfers are not permitted from IRA shares, Special shares, Christmas Club and Vacation Club accounts.

ACCOUNT SERVICE FEES: See separate schedule for fees which apply to each account. Fees are subject to change.

SHARE CERTIFICATE PENALTY:  If certificate funds other than dividends are withdrawn prior to maturity, a substantial penalty is imposed as follows:  If the qualifying period is one year or less the member shall forfeit an amount equal to the lesser of:  (A) All dividends for 90 days on the amount withdrawn, or (B) All dividends on the amount withdrawn since the date of issuance or renewal. If the qualifying period is greater than one year, the member shall forfeit an amount equal to the lesser of: (A) All dividends for 180 days on the amount withdrawn, or (B) All dividends on the amount withdrawn since the date of issuance or renewal.

Your Ability to Withdraw Funds:
Our policy is to make funds from your deposits available to you as soon as possible.
We will require advance notice for cash withdrawals over $1,000.

Immediate Availability
The following items will be available on the day we receive the deposit: cash, electronic direct deposit, on-us checks or drafts, cashier’s checks or drafts, certified checks or drafts, teller’s checks or drafts, traveler’s checks or drafts, state government checks or drafts, local government checks or drafts, U.S. Treasury checks, U.S. Postal Service Money Orders, checks or drafts drawn on Federal Home Loan Bank, Federal Reserve Bank and $100 of aggregate deposit. Wire transfers also immediate availability.

Second Day Availability
Funds deposited to an account by checks or drafts drawn on local and non-local domestic depository institutions will be made available on the second business day following the day of the deposit.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays and federal holidays. If you make a deposit before 3:30 p.m. on a business day we’re open, we will consider that day to be the day of your deposit. However, if you make a deposit after 3:30 p.m. or on a day we are not open, we will consider that the deposit was made on the next business day that we are open. Mail deposits are considered made on the business day we receive them.

Deposits at Automated Teller Machines
Funds from any deposits (cash or checks) made at AFCU’s Automated Teller Machines (ATMs) will be made available the next business day upon verification. Thereafter, the applicable hold for local and non-local deposits will apply. Deposits made after 12:00 p.m. at the ATMs are considered being made the next business day.

Longer Delays May Apply
Funds you deposit by check may be delayed for a longer period under the following circumstances:

• total check deposits for one day exceed $5,000;
• redeposit of a check which had been returned unpaid;
• your account has been overdrawn repeatedly (defined as those who have been overdrawn 6 or more separate, or consecutive, business days) including Member Privilege activity;
• reasonable cause to doubt the collectability of a check;
• emergency conditions, such as computer/communications failure.

• Funds from deposits of cash and electronic payments will be made available immediately.
• Funds from electronic direct deposit, wire transfers, and the first $5,000 of a day’s total deposit of cashier’s, certified, teller’s, traveler’s, and state and local government checks will be available on the same day we receive the deposit if the deposit meets certain conditions. The amount over $5,000 will be available on the seventh business day after the day of deposit.