Effective August 1, 2004

The following fees may be assessed against your account and the following transaction limitations, if any, applied to your account.

IV TRUTH IN SAVINGS

Except as specifically described, the following disclosures apply to all of the accounts. All accounts described in this Truth-in-Savings Disclosure are share 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 Regular Savings, Christmas Club, Trust, Custodian, IRA, Thrifty Club, and Checking accounts, the Dividend Rate and Annual Percentage Yield may change quarterly as determined by the Credit Union’s Board of Directors. For Investor's Choice accounts, the Dividend Rate and Annual Percentage Yield may change at any time as determined by the Credit Union’s Board of Directors. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. The Regular Savings, Christmas Club, Trust, Custodian, IRA, Thrifty Club accounts are Tiered Rate accounts. If your account balance is $2,000.00 or below, the first Dividend and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is between $2,000.01 and $5,000.00, the second Dividend rate and Annual Percentage Yield listed for this account will apply. If your account balance is between $5,000.01 and $10,000.00, the third Dividend rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is between $10,000.01 and $40,000.00, the fourth Dividend rate and Annual Percentage Yiled listed for this account in the Rate Schedule will apply. If your account balance is $40,000.01 or greater, the fifthe Dividend rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. Once a particular balance range is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account. The Investor's Choice account is a Tiered Rate Account. If your account balance is from $2,500.00 or below, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is between $2,500.01 and $10,000.00, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. If your account balance is between $10,000.01 to $50,000.00, the third Dividend Rate and Annual Percentage Yield listed for this account will apply. If your account balance is greater than $50,000.00, the fourth Dividend Rate and Annual Percentage Yield listed for this account will apply. Once a particular range is met, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the full balance of your account. The Checking accounts are Tiered Rate accounts. If your account balance is $2,500.00 or below, the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate Schedule will apply. If your account balance is between $2,500.01 and $10,000.00, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. If your account balance is $10,000.01 or greater, the third Dividend Rate and Annual Percentage Yield listed for this account will apply.
2. Nature of Dividends: Dividends are paid form 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 of dividends and dividend period applicable to each account are set forth in the Rate Schedule. The Dividend Period is the period of time at the end of which an 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 Regular Savings, Christmas Club, Investor's Choice, Trust, Custodian, IRA, Thrifty Club and Checking 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 Regular Savings, Christmas Club, Investor's Choice, Trust, Custodian, IRA, Thrifty Club and Checking 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 stated in the Rate Schedule. For Checking accounts, there is a minimum Average Daily Balance required to avoid a service fee for the dividend period. If the minimum Average Daily Balance is not met, there will be a service fee as set forth in the Fee Schedule. The service fee will not apply if the member meets any one of the follwoing criteria: 1) Maintains a balance in their chacking account of $500.00 or more; 2) Has direct deposit of their net pay to their checking account; 3) Is a senior citizen; 4) Is a student; or 5) If the checking account is a club account. For Business Checking accounts, there is a minimum balance required to avoid a service fee. For Regular Savings, Christmas Club, Trust, Custodian, IRA, Thrifty Club and Checking accounts, there is a minimum Average Daily Balance required to obtain the Annual Percentage Yield for the dividend period. If the minimum average daily balance is not met, you will not earn the stated Annual Percentage Yield. For Investor's Choice accounts, there is a minimum daily balance required to avoid a service fee for the dividend period. If the minimum daily balance is not met, there will be a service fee as set forth in the Fee Schedule. For Investor's Choice accounts, there is a minimum daily balance required to obtain the Annual Percentage Yield for the dividend period. If the minimum average daily balance is not met, you will not earn the stated Annual Percentage Yield. For Regular Savings, Christmas Club, Trust, Custodian, IRA, Thrifty Club and Checking accounts using an Average Daily Balance method, dividends are calculated 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 the period. The Average Daily Balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period. For Investor's Choice accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.
6. Account Limitations: For a Christmas Club account, the entire balance may be withdrawn by checking or transferred to another account of yours during October, November and December and the account will remain open. If you make an early withdrawal at any time during the year, an early withdrawal fee of $25.00 will be imposed. For Regular Savings, Trust, Custodian and Thrifty Club accounts, three (3) withdrawal per quarter are allowed, thereafter a fee will be imposed. For Regular Savings and Trust accounts, the fee is waived if member has a balance of $500.00 or more in the account, or if they have a checking account. For Investor's Choice accounts, if the account exceeds the allowable automatic pre-authorized transfers which may include no more than three (3) checks per month, an excessive withdrawal fee will be imposed. For IRA, Checking, and Business Checking accounts, no account limitations apply.