Central Willamette Community Credit Union

TRUTH-IN-SAVINGS DISCLOSURES

Consumer Checking Accounts

*To earn the Rewards rate of 2.75% APY on balances up to and including $25,000.00, and .50% APY for balances over $25,000.00 and ATM refunds nationwide, you must meet the following requirements each Rewards cycle:  ten cleared debit transactions; log in to Online Banking; one direct deposit or ACH auto debit; and recieve eStatements.  If requirements are not met, you will recieve .10% APY and no ATM fees will be refunded.  **If your daily balance is greater than $25,000.00, your annual precentage yield (APY) will range from 2.75% to 1.63% depending on the balance of your account.  The APY ranges assumes a minimum balance of $25,000.00 and a maximum balance of $50,000.00.  If at anytime the account is closed during the cycle period, the Requirements Not Met .10% APY will apply. 

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 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.
2. Compounding and Crediting Interest will be compounded and credited as set forth on the Rate and Fee Schedule for Checking Accounts.
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 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.
5. 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