Central Willamette Community Credit Union

TRUTH-IN-SAVINGS DISCLOSURES

Consumer Savings 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 as set forth on the Rate Schedule for Savings Accounts. The Interest Rate and Annual Percentage Yield may change periodically as set forth on the Rate Schedule for Savings 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 Savings 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 Schedule for Savings 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 Savings Accounts. For all savings, the minimum balance required to obtain the stated Annual Percentage Yield as set forth on the Rate Schedule for Savings 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 Schedule for Savings Accounts. For Gold Plus accounts, transaction limitations apply. No more than six (6) preauthorized, automatic, telephone transfers or transfer by check may be made from this account to another account of yours or to a third party in any month.  For additional information please see the Member Information Brochure.
6. Membership Account. Your Membership Account is a share account and earns dividends, rather than interest. With respect to the Membership Account, all references in the Rate and Fee Schedule for Savings Accounts to "interest" or "interest rate" shall mean "dividends" or "dividend rate". Dividends are paid from the current income and available earnings after required transfers to reserves at the end of the divided period. The Dividend Rate and Annual Percentage Yield set forth on the Rate and Fee Schedule for Savings Accounts, for your Membership Account, are the prospective rates the Board anticipates paying for the applicable dividend period.

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