Central Willamette Community Credit Union
TRUTH-IN-SAVINGS DISCLOSURES
Consumer Checking Accounts
Except as specifically described, the following disclosures apply to all of the accounts:
- Rate Information. The Interest Rate and Annual Percentage Yield on your accounts as set forth on the Rate Schedule for Checking Accounts. The Interest Rate and Annual Percentage Yield may change periodically as set forth on the Rate Schedule for Checking Accounts, for each account, as determined by the Board of Directors. The Interest Rate and Annual Percentage Yields applicable to each account depends on the balance ranges as set forth on the Rate and Fee Schedule for Checking Accounts. Once a balance range is met, the highest Interest Rate and Annual Percentage Yield for that range will apply to the entire balance of your account.
- Compounding and Crediting Interest will be compounded and credited as set forth on the Rate and fee Schedule for Checking Accounts.
- Accrual of Interest. Interest begins to accrue on cash deposits on the business day you make the deposit to your account. Interest will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.
- Balance Information. The minimum balance required to open each account as set forth on the Rate Schedule for Checking Accounts. For all savings, the minimum balance required to obtain the stated Annual Percentage Yield as set forth on the Rate Schedule for Checking Accounts. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. For all accounts, interest is calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day.
- Account Limitations. The account limitations for each account are set forth on the Rate and Fee Schedule for Checking Accounts.
The rates appearing in this Schedule are accurate and effective for Checking Accounts as of the Effective Date indicated on the Rate and Fee Schedule for Checking Accounts. If you have any questions or require current rate information on your accounts, please call the Credit Union at 541-928-4536 or at 1-800-950-4536.
FEDERALLY INSURED BY NCUA
