Keypoint Credit Union 19931214_Truth-In-Savings_Disclosure

7/28/2019 Keypoint Credit Union 19931214_Truth-In-Savings_Disclosure

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TRUTH-IN-SAVINGS DISCLOSUREDIVIDEND CHECKING ACCOUNT

PREFERRED DIVIDEND CHECKING ACCOUNT

NEWPOINT CHECKING ACCOUNT

Minimum balance requirements:

Daily balance computation method -

Accrual of dividends on noncash deposits -

Transaction limitations:

Eligibility -



Rate Information:

Compounding and crediting -

Dividend period -





Rate Information:


Dividend period -

BASIC CHECKING ACCOUNT

STUDENT CHECKING ACCOUNT

UNLIMITED CHECKING ACCOUNT

PREFERRED UNLIMITED CHECKING ACCOUNT

ATM fee rebates:



ATM fee rebates:



Eligibility -





Fees and charges:

The minimum balance required to open this account is $100.

You must maintain a minimum average daily balance in this account of $75and an aggregate average combined daily balance of $10,000 in all savingmoney market and certificate accounts that you are the primary owner of

avoid a monthly service fee. If either, during any monthly statement cycle, yoaccount's average daily balance or the aggregate average combined dabalance is below the required minimum, your account will be subject to

monthly service fee for that monthly statement cycle (see separate F

Disclosure). The account's minimum average daily balance requirement of $75will be waived with monthly direct deposit of $500 or more. Your direct depos

can only be used to waive the average daily balance requirement of $750

this account. See the Common Features section for an explanation of thaverage daily and aggregate average combined daily balance computation

methods.Dividends are calculated by the da

balance method which applies a daily periodic rate to the balance in th

account each day.Dividends will begin to accrue o

the business day you deposit noncash items (for example, checks) to yo

account.

No transaction limitations apply to this account unless otherwise stated in th

Common Features section.

You may not have more than eight (8) NSF/UCF items within th

first year. Any overdrafts paid by KeyPoint Credit Union need to be clearefrom the account within 15 days. Failure to abide by any of these requirementcan result in your account being immediately closed without notice. An

remaining funds will be sent to you.

This product is not eligible for Shared Branching, VISA Debit Card, anCourtesy Pay Privilege.


No transaction limitations apply to this account unless otherwise stated in thCommon Features section.

A monthly service fee will be charged each monthly statement cycle (s

separate Fee Disclosure).

The dividend rate and annual percentage yield may change at any time, a

determined by the Credit Union's Board of Directors.

Dividends will be compounded every quarteDividends will be credited to your account every quarter.

For this account type, the dividend period is quarterly. F

example, the beginning date of the first dividend period of the calendar year January 1, and the ending date of such dividend period is March 31. All othdividend periods follow this same pattern of dates. The dividend declaratio

date is the last day of the dividend period, and for the example above

March 31.


You must maintain a minimum average daily balance of $750 in your accouto avoid a monthly service fee. If, during any monthly statement cycle, yo

average daily balance is below the required minimum, your account will bsubject to a monthly service fee for that monthly statement cycle (see separa

Fee Disclosure). See the Common Features section for an explanation of th

average daily balance computational method. This fee will be waived wimonthly direct deposit of $500 or more. Your direct deposit can only be use

to waive the monthly service fee on this checking account. This fee will al

be waived if in the calendar month the account meets all three of the followinconditions: 10 Visa Debit Card point-of-sale transactions (does not includ

ATM transactions); 2 bill payments through Online Banking; and signed up

receive electronic statements.Dividends are calculated by the da




account.

No transaction limitations apply to this account unless otherwise stated in thCommon Features section.

The dividend rate and annual percentage yield may change at any time, adetermined by the Credit Union's Board of Directors.

Dividends will be compounded every quarte

Dividends will be credited to your account every quarter.For this account type, the dividend period is quarterly. F

example, the beginning date of the first dividend period of the calendar year

January 1, and the ending date of such dividend period is March 31. All othdividend periods follow this same pattern of dates. The dividend declaratio


March 31.

Unlimited Checking provides ATM fee rebates with direct deposit. Other

financial institutions that are involved in your electronic access to your

KeyPoint Credit Union accounts (such as another institution whose ATM you

use) may impose fees for that access. These third-party ATM fees will appear

on your KeyPoint Credit Union periodic account statements. If you notify us

within 60 days of when we first send or make the statement available on

which a third party fee appears, we will rebate the fee. If you do not request

the reversal on time, we will not rebate the fee. International Service

Assessment fees cannot be rebated. Refer to the separate Fee Disclosure for

additional restrictions.


To avoid a monthly service fee and be eligible for ATM fee rebates, you must

maintain monthly direct deposit of $500 or more and maintain an aggregate

average combined daily balance of $10,000 in all savings, money market and

certificate accounts that you are the primary owner of during the month. See

the Common Features section for an explanation of the aggregate average

combined daily computational method. Your direct deposit can only be used to

earn ATM fee rebates on this checking account.

No transaction limitations apply to this account unless otherwise stated in the


Preferred Unlimited Checking provides ATM fee rebates with direct deposit.

Other financial institutions that are involved in your electronic access to your

KeyPoint Credit Union accounts (such as another institution whose ATM you

use) may impose fees for that access. These third-party ATM fees will appear

on your KeyPoint Credit Union periodic account statements. If you notify us

within 60 days of when we first send or make the statement available on

which a third-party fee appears, we will rebate the fee. If you do not request

the reversal on time, we will not rebate the fee. International Service

Assessment fees cannot be rebated. Refer to the separate Fee Disclosure for

additional restrictions.


You must maintain a minimum average daily balance of $500 in your account

to avoid a monthly service fee. If, during any monthly statement cycle, your

average daily balance is below the required minimum, your account will be

subject to a monthly service fee for that monthly statement cycle (see separate

Fee Disclosure). See the Common Features section for an explanation of the

average daily balance computational method. This fee will be waived with

monthly direct deposit of $500 or more. Your direct deposit can only be used

to waive the monthly service fee on this checking account. This fee will also

be waived if in the calendar month the account meets all three of the following

conditions: 10 Visa Debit Card point-of-sale transactions (does not include

ATM transactions); 2 bill payments through Online Banking; and signed up to

receive electronic statements.



You must be at least 16 years old and no older than 26 years old to

open a Student Checking account. If you are 16 or 17 years old, a financially

responsible adult joint owner is required. At age 27, the Student Checking

account is automatically transferred to a Basic Checking account or similar

account offered at that time. This account is not eligible for Courtesy Pay

Privilege. This account does not earn dividends. Current student ID required.

You must be at least 18 years old to be eligible for a VISA Debit Card.







A monthly service fee will be charged each monthly statement cycle (see

separate Fee Disclosure). This fee will be waived with monthly direct deposit of

$500 or more. Your direct deposit can only be used to waive the monthly

service fee and earn ATM fee rebates on this checking account. This fee will

also be waived if in the calendar month the account meets all three of the

following conditions: 10 Visa Debit Card point-of-sale transactions (does not

include ATM transactions); 2 bill payments through Online Banking; and signed

up to receive electronic statements.

,

,

1993 Wolters Kluwer Financial Services - Bankers Systems Form TIS-BRO-CU 12/14/93 Custom 4r 3606093-010 MDF. ECATISBR*- (page 1 of

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1993 Wolters Kluwer Financial Services - Bankers Systems Form TIS-BRO-CU 12/14/93 Custom 4r 3606093-010 MDF. ECATISBR*

HEALTH SAVINGS ACCOUNT

IRA FLEX SAVINGS ACCOUNT

SMART SAVINGS ACCOUNT

KIDS ACCOUNT

MONEY MARKET ACCOUNTS





Fees and charges:

Rate Information:


Dividend period -




Dividend period -





Fees and charges:

Rate Information:


Dividend period -

Eligibility -

Rate Information:


Dividend period -





Fees and charges:

Rate Information:


Rate Information:


Dividend period -





Fees and charges:

The minimum balance required to open this account is $25.You must maintain a minimum average daily balance of $25 in your account avoid a monthly service fee. If, during any monthly statement cycle, yo

average daily balance is below the required minimum, your account will bsubject to a monthly service fee for that monthly statement cycle (see separaFee Disclosure). See the Common Features section for an explanation of th

average daily balance computational method.Dividends are calculated by the dabalance method which applies a daily periodic rate to the balance in th

account each day.

Dividends will begin to accrue othe business day you deposit noncash items (for example, checks) to yo

account.

No transaction limitations apply to this account unless otherwise stated in th

Common Features section.Consult your separate HSA disclosure for restrictions on withdrawals, ta

penalties and other important information.

An enrollment fee will be charged at account opening (see separate F

Disclosure).

The dividend rate and annual percentage yield may change at any time, a

determined by the Credit Union's Board of Directors.This is a tiered rate account. Please refer to the separate Rate Schedule fcurrent tiers and rates.



example, the beginning date of the first dividend period of the calendar year

January 1, and the ending date of such dividend period is March 31. All othdividend periods follow this same pattern of dates. The dividend declaratio


March 31.

The minimum balance required to open this account is $100.Dividends are calculated by the da




account.


example, the beginning date of the first dividend period of the calendar year January 1, and the ending date of such dividend period is March 31. All oth

dividend periods follow this same pattern of dates. The dividend declaratio

date is the last day of the dividend period, and for the example above March 31.

The minimum balance required to open this account is $1,000.You must maintain a minimum average daily balance of $1,000 in your accounto avoid a monthly service fee. If, during any monthly statement cycle, yo

average daily balance is below the required minimum, your account will b

subject to a monthly service fee for that monthly statement cycle (see separaFee Disclosure). See the Common Features section for an explanation of th

average daily balance computational method.

Dividends are calculated by the dabalance method which applies a daily periodic rate to the balance in th



account.

During any month, you may not make more than six withdrawals or transfers t

another Credit Union account of yours or to a third-party by means of preauthorized, automatic, or computer transfer, telephonic order or instructio

or by check, draft, or similar order to a third-party. If you exceed the transf

limitations set forth above, your account will be subject to transfer to non-interest bearing account or closure by the Credit Union.

An excess withdrawal fee will be charged for each debit transactio(withdrawal, draft or check paid, automatic transfer or payment out of thaccount) in excess of the above limitations (see separate Fee Disclosure).

The dividend rate and annual percentage yield may change at any time, adetermined by the Credit Union's Board of Directors.

This is a tiered rate account. Please refer to the separate Rate Schedule fcurrent tiers and rates.



example, the beginning date of the first dividend period of the calendar year January 1, and the ending date of such dividend period is March 31. All oth

dividend periods follow this same pattern of dates. The dividend declaratio

date is the last day of the dividend period, and for the example above March 31.

This account is available to any child under the age of 18 with aSocial Security number. A financially responsible adult joint owner is required.

This account is not eligible for Courtesy Pay Privilege. At age 18, the Kids

Account is automatically transferred to a Smart Savings Account. Minors age

12 or older may be authorized an ATM card.

The dividend rate and annual percentage yield may change at any time, as

determined by the Credit Union's Board of Directors.This is a tiered rate account. Please refer to the separate Rate Schedule for

current tiers and rates.Dividends will be compounded every quarter.

Dividends will be credited to your account every quarter.

For this account type, the dividend period is quarterly. For

example, the beginning date of the first dividend period of the calendar year is

January 1, and the ending date of such dividend period is March 31. All otherdividend periods follow this same pattern of dates. The dividend declaration

date is the last day of the dividend period, and for the example above is

March 31.

You must make a $25 initial deposit.

Dividends are calculated by the daily

balance method which applies a daily periodic rate to the balance in the

account each day.

Dividends will begin to accrue on

the business day you deposit noncash items (for example, checks) to youraccount.

During any month, you may not make more than six withdrawals or transfers to

another Credit Union account of yours or to a third-party by means of apreauthorized, automatic, or computer transfer, telephonic order or instruction,

or similar order to a third-party. If you exceed the transfer limitations set forth

above, your account will be subject to transfer to a non-interest bearing

account or closure by the Credit Union.

An excess withdrawal fee will be charged for each debit transaction(withdrawal, automatic transfer or payment out of this account) in excess of

the above limitations (see separate Fee Disclosure).

The dividend rate and annual percentage yield may change at any time, as

determined by the Credit Union's Board of Directors.

This is a tiered rate account. Please refer to the separate Rate Schedule for

current tiers and rates.

Dividends will be compounded every quarter.


The dividend rate and annual percentage yield may change at any time, asdetermined by the Credit Union's Board of Directors.

This is a tiered rate account. Please refer to the separate Rate Schedule for

current tiers and rates.

Dividends will be compounded every quarter.


For this account type, the dividend period is quarterly. For

example, the beginning date of the first dividend period of the calendar year is

January 1, and the ending date of such dividend period is March 31. All other

dividend periods follow this same pattern of dates. The dividend declaration

date is the last day of the dividend period, and for the example above isMarch 31.


You must maintain a minimum average daily balance of $25 in your account toavoid a monthly maintenance fee. If, during any month, your average daily

balance is below the required minimum, your account will be subject to a

monthly maintenance fee for that month (see separate Fee Disclosure). If the

end-of-quarter balance falls below $100 and this is the only account you have

with the Credit Union, your account will be subject to a single service fee for

that quarter (see separate Fee Disclosure). This fee will not apply if the primary

account holder is under 21 years of age. See the Common Features section foran explanation of the average daily balance computational method.


balance method which applies a daily periodic rate to the balance in theaccount each day.


the business day you deposit noncash items (for example, checks) to your

account.

During any month, you may not make more than six withdrawals or transfers to

another Credit Union account of yours or to a third-party by means of apreauthorized, automatic, or computer transfer, telephonic order or instruction,

or similar order to a third-party. If you exceed the transfer limitations set forth

above, your account will be subject to transfer to a non-interest bearingaccount or closure by the Credit Union.

An excess withdrawal fee will be charged for each debit transaction

(withdrawal, automatic transfer or payment out of this account) in excess of

the above limitations (see separate Fee Disclosure).

- (page 2 of


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These are the accounts you have opened or inquired about. Further deta

about these accounts are inside this brochure or provided in a separa

brochure.

YOUR ACCOUNT(S)

BASIC CHECKING ACCOUNT

STUDENT CHECKING ACCOUNT

UNLIMITED CHECKING ACCOUNT

PREFERRED UNLIMITED CHECKING ACCOUNT

DIVIDEND CHECKING ACCOUNT

PREFERRED DIVIDEND CHECKING ACCOUNT

NEWPOINT CHECKING ACCOUNT

SMART SAVINGS ACCOUNT

KIDS ACCOUNT

MONEY MARKET ACCOUNT

HEALTH SAVINGS ACCOUNT

IRA FLEX SAVINGS ACCOUNT

CERTIFICATE ACCOUNT/INDIVIDUAL RETIREMENT ACCOUNT (IRA)

COMMON FEATURES

Callable account -

Early withdrawal penalties

Withdrawal of dividends prior to maturity -

Automatically renewable account -

Transaction limitation - W

Nature of dividends -

Average Daily Balance Computational Methodology -

Aggregate Average Combined Daily Balance Computational Methodology -

National Credit Union Share Insurance Fund -

Overdraft Fee Transaction Categories -

Rate Schedule/Fee Disclosure -

Time requirements -

INDIVIDUAL RETIREMENT ACCOUNT (IRA)

Rate Information -

Compounding frequency -

Crediting frequency -

Dividend period -Minimum balance requirements:




CERTIFICATE ACCOUNT

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1993 Wolters Kluwer Financial Services - Bankers Systems Form TIS-BRO-CU 12/14/93 Custom 4r 3606093-010 MDF. ECATISBR*- (page 3 of

.

If your account has an original maturity of 12 months or less:The penalty we may impose will equal 90 days dividends on the amountwithdrawn subject to penalty.

If your account has an original maturity of more than 12 months:

The penalty we may impose will equal 180 days dividends on theamount withdrawn subject to penalty.

We may redeem this account, at our option, at any time.(a penalty may be imposed for withdrawals before

maturity) -

In certain circumstances such as the death or incompetence of an owner of

this account, the law permits, or in some cases requires, the waiver of theearly withdrawal penalty. Other exceptions may also apply, for example, if this

is part of an IRA or other tax-deferred savings plan.

The annual percentage yield isbased on an assumption that dividends will remain in the account until

maturity. A withdrawal will reduce earnings.This account will automatically renew at

maturity. You may prevent renewal if you withdraw the funds in the account atmaturity (or within the grace period mentioned below, if any) or we receivewritten notice from you within the grace period mentioned below, if any. We

can prevent renewal if we mail notice to you at least 30 calendar days before

maturity. If either you or we prevent renewal, dividends will continue to accrueafter final maturity for up to nine calendar days. The dividend rate will be therate offered at maturity.

Each renewal term will be the same as the original term, beginning on thematurity date. The dividend rate will be the same we offer on new term shareaccounts on the maturity date which have the same term, minimum balance (if

any) and other features as the original term share account.

You will have a grace period of nine calendar days after maturity to withdrawthe funds without being charged an early withdrawal penalty.

e reserve the right to at any time require not less tha

seven days notice in writing before each withdrawal from an interest-bearin

account other than a time deposit, or from any other savings account adefined by Regulation D.

Dividends are paid from current income and availab

earnings, after required transfers to reserves at the end of a dividend perio(This disclosure further explains the dividend feature of your non-term sha

account(s).)The minimum averag

daily balance is calculated by adding the balance in the account for each day

the period and dividing that figure by the number of days in the period. Thperiod we use is the monthly statement cycle.

Th

aggregate average combined daily balance is calculated by adding the balancin the accounts for each day of the period and dividing that figure by thnumber of days in the period. The period we use is the monthly stateme

cycle.Member accounts in this Cred

Union are federally insured by the National Credit Union Share Insurance Fund.

The categories of transactions for whic

an overdraft fee may be imposed are those by any of the following meancheck, in-person withdrawal, ATM withdrawal, or other electronic means.

Please refer to our separate Rate Schedule f

current dividend rate and annual percentage yield information and to oseparate Fee Disclosure for additional information about charges.

Your account will mature

The dividend rate on your term share account is

be paid this rate until first maturity.

Dividends will be compounded every quarter unlessotherwise paid.

Dividends will be credited to your account at maturity andevery quarter. Alternatively, you may choose to have dividends paid to another

account every quarter rather than credited to this account.

For this account type, the dividend period is quarterly.

The minimum balance required to open this account is $1,000.You must maintain a minimum daily balance of $1,000 in your account eachday to obtain the disclosed annual percentage yield.


balance method which applies a daily periodic rate to the balance in theaccount each day.


the business day you deposit noncash items (for example, checks) to youraccount.

After the account is opened, you may not make additions into the account until

the maturity date stated on the account.You may make withdrawals of principal from your account before maturity.

Principal withdrawn before maturity is included in the amount subject to early

withdrawal penalty.You can only withdraw dividends credited in the term before maturity of that

term without penalty. You can withdraw dividends anytime during the term of

crediting after they are credited to your account.

%. You will% with an annual percentage yield of

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Documents

Keypoint Credit Union 19931214_Truth-In-Savings_Disclosure