* Dividends begin to accrue on the business day you deposit noncash items, such as checks. We use the daily balance method to calculate dividends in your account; this method applies a periodic rate to the balance in the account each day. Dividends will be compounded and credited to your account monthly. Your dividend rate and annual percentage yield may change. The dividend rate on your account is determined and declared at the discretion of the Credit Union Board of Directors. The dividend rate and annual percentage yield (APY) are disclosed under separate cover. After the first of each month, or after Tuesday of each week, depending on the product, you may call 800-451-8373
, extension 6000, for dividend rate and APY information. Accrued dividends will be paid upon closing the account. Certificate Accounts: You must maintain in your account each day the minimum balance that corresponds to your account on the accompanying rate sheet to obtain the disclosed annual percentage yield. Dividends for fixed rate certificates, fixed rate IRA certificates and 18-Month Adjustable Rate certificates will be earned at the rate in effect when opened. Dividends for variable rate certificates and variable rate IRA certificates will be earned at the rate in effect for that certificate type at the beginning of the month. For non-IRA certificates: You may choose one of the following three methods of payment: 1. Credit to the certificate. 2. Credit to an alternative sub on the owner’s account. 3. Check mailed. Posted dividends may be withdrawn from non-IRA certificates at the time of posting, without penalty.