Money Market Checking

• Earn higher dividends than traditional Share Account
• Easy access to your funds
• $1,000 monthly minimum
• Must keep transactions to 6 or less per month

Are you looking for a safe, easy way to invest your money? Do you have a substantial amount of savings? Would you like to earn higher dividends on that money than what you can earn in a traditional Share Account, but still have access to your funds? Our Money Market Account (MMA) could be exactly what you’ve been searching for.

Our Money Market Account is an excellent account in which to put your emergency reserves or to park money you plan to invest later. By maintaining the minimum balance required, you receive higher dividends than a regular share account. It’s a safe investment too. Like all other accounts our Money Market Account is insured up to $250,000 by the National Credit Union Administration (NCUA).

About the accounts:

• A $1,000 monthly minimum is required
• You must maintain the $1,000 minimum in order to avoid a $5 fee
• Account will not earn dividends if balance falls below $1,000 at any point during the month
• Dividends will be compounded monthly and will be credited to the account on the last day of each month
• May not go over 6 transactions per month

The account is a tiered variable rate account with a breakdown as follows:

• $0.00 to $999.99
• $1,000.00 $4,999.99
• $5,000.00 to $14,999.99
• $15,000.00 to $39,999.99
• $40,000.00 and over

Money Market Disclosure

Rate information: The dividend rate and annual percentage yield may change every dividend period. We may change the dividend rate monthly at our discretion.

Compounding and Crediting: Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend Period: For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration dates is the last day of the dividend period and for the example above is January 31. If you close your account before dividends are paid, you will not receive the accrued dividends.

Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you place noncash items (for example checks) into your account.

Transaction limitations: During any month you may not make more than six (6) withdrawals or transfers to another Credit Union account of yours. By means of: automatic transfer or telephonic order or by check, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, we will discuss with you other account options which may be more appropriate for your account activity. In addition, a $5 service charge per check will apply to more than 3 checks clearing your account in any one month period. Checks should be written for $100 or greater. All other charges, as they appear in our account disclosure, also apply.