Truth-In-Savings Account Disclosures
Except as specifically described, the following disclosures apply to all of these accounts.

1. Rate information  - The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period.  For all accounts with terms of 18 months, 2 years, or 3 years, you may increase the rate one time during the term of your account to the rate currently in effect on accounts with the same term of maturity.  For accounts subject to dividend compounding, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity.  A withdrawal of dividends will reduce earnings.
   


2. Dividend Period - For each account the dividend period is the calendar month.  The dividend period begins on the first day of the calendar month and ends on the last day of the calendar month.
   


3. Dividend Compounding and Crediting - the compounding and crediting frequency of dividends are stated in the Rate Schedule.
   


4. Balance Information  - The minimum balance requirements applicable to each account are set forth in the Rate Schedule.  To open any account you must deposit or already have on deposit at least the par value of one full share in a Share account.  The par value amount is stated in the fee schedule.  Some accounts may have additional minimum opening deposit requirements.  For all accounts, dividends are calculated by the Average Daily Balance method, which calculates dividends by applying a periodic rate to the Average Daily Balance in the account for the dividend period.  The Average Daily Balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
   


5. Accrual of Dividends - For all accounts, dividends will begin to accrue on non cash deposits (e.g. checks) on the business day you make the deposit to your account.  For all accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.
   


6. Transaction Limitations - For all accounts, withdrawals of dividends permitted if specified to pay monthly or quarterly when certificate is opened.
   


7. Maturity - your account will mature as stated on the Rate and Fee Schedule or on your Account Receipt or Renewal Notice.
   

Certificate Account Disclosures
Except as specifically described, the following disclosures apply to all of these accounts.

1. Rate information - The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period.  For Prime Share, Jumbo Share, IRA, Santa Savings, Seaboard Plus Checking, and Seaboard Silver Checking accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union's Board of Directors. The Dividend Rate and Annual Percentage Yields are the rates as yield as of the last dividend declaration date, which is set forth in the Rate Schedule.
   


2. Nature of Dividends  - Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
   


3. Dividend Compounding and Crediting - The compounding and crediting frequency of dividends and dividend period applicable to each account are stated in the Rate Schedule.  The Dividend period is the period of time at the end of which and account earns dividend credit.  The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.
   


4. Accrual of Dividends - For all accounts, dividends will begin to accrue on non cash deposits (e.g. checks) on the business day you make the deposit to your account.  For all accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.
   


5. Balance Information - The minimum balance requirements applicable to each account are set forth in the Rate Schedule.  To open any account you must deposit or already have on deposit at least the par value of one full share in a Share account. .  For Prime Share, Jumbo Share, IRA, Santa Savings, Palmetto Plus Checking, and Palmetto Silver Checking accounts, there is a minimum Average Daily Balance required to earn the Annual Percentage Yield disclosed for the dividend period.   For all accounts, dividends are calculated by the Average Daily Balance method, which calculates dividends by applying a periodic rate to the Average Daily Balance in the account for the dividend period.  The Average Daily Balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
   


6. Account Limitations  - For Santa Savings accounts, the entire balance will be paid to you by check or transferred to another account of yours on or after November 1st.  The account will remain open for 30 days unless additional deposits are made to renew the account.  For Santa Savings accounts, if you withdraw from your account, you will be charged a fee as disclosed in the Fee Schedule.  For Santa Savings accounts, a fee of $10.00 is imposed if closed before October 31st yearly.  For Palmetto Silver Checking accounts, members must be age 55 or older to open this account.  For Prime Share, Jumbo Share, Individual Retirement, and Palmetto Checking, accounts, no account limitations apply.