Central Willamette Community Credit Union

TRUTH-IN-SAVINGS DISCLOSURES

Business Savings and Checking Accounts

Except as specifically described, the following disclosures apply to all of the accounts:

1. Rate Information. The Interest Rate and Annual Percentage Yield on your accounts are set forth on the Savings and Checking Rate Schedule. For Savings and Checking accounts, the Interest Rate and Annual Percentage Yield may change periodically as set forth on the Savings and Checking Rate Schedule, for each account, as determined by the Board of Directors. The Interest Rates and Annual Percentage Yields are the rates and yields as of the last interest declaration date which is set forth in the Rate Schedule.  The Interest Rates and Annual Percentage Yields applicable to each account depends on the balance ranges set forth on the Savings and Checking Rate Schedule. Once a balance range is met, the highest Interest Rate and Annual Percentage Yield for that range will apply to the entire balance in your account.
2. Compounding and Crediting. Interest will be compounded and credited as set forth on the Savings and Checking Rate Schedule. For interest bearing accounts, the Interest Period begins on the first calendar day of the period and ends on the last calendar day of the period.
3. 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.
4. Balance Information. The minimum balance required to open each account and earn the stated Annual Percentage Yield is set forth on the Savings and Checking Rate Schedule. If you do not maintain the minimum balance, you will not earn the stated Annual Percentage Yield. For all interest bearing accounts, interest is calculated by using a Daily Balance method. Interest is calculated by applying a periodic rate to the balance in the account each day.
5. Account Limitations. The account limitations for each account are set forth on the Savings and Checking Rate Schedule. For Gold Plus accounts, transaction limitations will apply. No more than six (6) preauthorized, automatic, telephone transfers or transfers by check may be made from this account to another account of yours or to a third party in any month.  If you exceed these limitations, your account may be subject to a fee or be closed.  For additional information please see the Business Services Information Brochure.
6. Analyzed Account. Fees and charges for analyzed accounts are based on transaction volume. The specific fees and charges are set forth in the Fee Schedule. Analyzed accounts will be service charged at the end of each month for the combined amount of the fees and charges specific to analyzed accounts as noted on the Fee Schedule. The fees that are applicable to all accounts will be charged to analyzed accounts on the day the service is provided. Analyzed accounts will be credited with the full amount of interest earned each month.
7. Membership Account. Your Membership Account is a share account and earns dividends rather than interest. With respect to the Membership Account, all references in this Rate Schedule to "interest" or "interest rate" shall mean "dividends" or "dividend rate". Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Dividend Rate and Annual Percentage Yield set forth on the Savings and Checking Rate Schedule for your Membership Account are the prospective rates the Board anticipates paying for the applicable dividend period.

The rates appearing in this on the Savings and Checking Rate Schedule are accurate and effective for Savings Accounts as of the Effective Date indicated. 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