Truth-In-Savings Disclosures
Except as specifically described, the following disclosures apply to all of the 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, the Dividend Rate and APY may change at any time as determined by the Credit Union's Board of Directors. The actual Dividend Rates and APY are the rates and yields as of the Dividend Declaration Date on this Rate Schedule. Please note the following: (i) CIA accounts are Tiered Rate accounts. Once a particular balance range is met, the Dividend Rate and APY will apply to the full balance. (ii) The actual rate and yield of certificates is available after maturity by contacting FFCU or viewing our website at www.fortfinancialcu.org.
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. Dividends Calculated & Paid: The schedule for the calculation and paying of dividends for each account is explained in this Rate Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit, which is paid directly into that account. The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period. Unless otherwise stated, certificates require distribution of dividends and are not allowed to remain in the account.
4. Accrual of Dividends: For all accounts dividends will begin to accrue on noncash deposits (e.g. checks) on the business day the deposit is made into the account.
5. Balance Information: The minimum balance requirements applicable for Saving, CIA, and IRA accounts are explained in the Rate Schedule. For all accounts there is a minimum daily balance required to obtain the APY for the dividend period. For those accounts using a Daily Balance method, dividends are calculated by applying the daily periodic rate to the principal in the account each day. The minimum balance requirements to each certificate is as follows: 90-day and up to 60 months, and IRA certificates require a $500 minimum opening deposit; 7-day requires a $10,000 opening deposit.
6. Account Limitations: All CIA accounts are allowed six (6) withdrawals per month of at least $250 each. CIA accounts also have a minimum deposit requirement of $250 per deposit, but no limit to the number of deposits allowed per month. The following accounts do not have account limitations: all Savings accounts and all IRA accounts. The following only apply to Certificates:
   1. Maturity: Certificates will mature as indicated on this Rate Schedule or on the account receipt or renewal notice.
   2. Early Withdrawal Penalty: FFCU may impose a penalty if any of a certificate's principal is withdrawn before the maturity date.
   3. Amount of Penalty: For 7-Day and 90-Day Certificates the amount of the early withdrawal penalty is the dividends since the date of issuance or date of renewal. For all certificates with terms of 6 months or more, the amount of early withdrawal penalty is the 90-day dividends.
   4. How the Penalty works: The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. If the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.
   5. Exceptions to early withdrawal penalties: At FFCU's discretion certificates may be cashed in before maturity without early withdrawal penalties under the following circumstances:
      1. When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
      2. Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment; or where the account is a Koegh Plan (Koegh) provided that the depositor forfeits an amount at least equal to the simple dividends earned in the amount withdrawn or where the account is an IRA or Koegh and the owner attains 59 ½ or becomes disabled.
   6. Renewal policy: For all certificates, the account will auto-matically renew for another term upon maturity. All certificates have a 10-calendar day grace period after maturity in which to withdraw funds without being charged an early withdrawal penalty.
   7. Nontransferable/Nonnegotiable: Certificates are non-transferable and nonnegotiable. The funds in the certificate may not be pledged to secure any obligation of an owner except obligations with FFCU.