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Lincoln Office
SHARE/PASSSBOOK ACCOUNT
IRA ACCOUNT
HEALTH SAVINGS ACCOUNT
| * APY assume dividends remain on deposit. |
SHARE PASSBOOK ACCOUNT |
HEALTH SAVINGS ACCOUNT (HSA) |
IRA SHARE ACCOUNT
Traditional-Roth-Education |
RATE INFORMATION
DIVIDEND RATE
*ANNUAL PERCENTAGE YIELD |
1.25%
1.26%
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1.25%
1.26%
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3.50%
3.55%
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| DIVIDENDS COMPOUNDED |
QUARTERLY |
QUARTERLY |
QUARTERLY |
| DIVIDENDS CREDITED |
QUARTERLY |
QUARTERLY |
QUARTERLY |
| BALANCE INFORMATION |
*A PAR VALUE OF $5.00 MUST BE MAINTAINED TO QUALIFY FOR
CREDIT UNION MEMBERSHIP |
*MUST HAVE CREDIT UNION MEMBERSHIP |
*MUST HAVE CREDIT UNION MEMBERSHIP |
| MINIMUM OPENING BALANCE |
$5.00 |
FIRST TIME DEPOSIT $50.00 |
FIRST TIME DEPOSIT $50.00 |
| MINIMUM DAILY BALANCE TO RECEIVE DIVIDENDS |
$5.00 |
$50.00 |
$50.00 |
| BALANCE METHOD |
DAILY BALANCE |
DAILY BALANCE |
DAILY BALANCE |
| ACCOUNT LIMITATIONS |
TRANSFER LIMITATIONS (SEE BELOW) |
SUBJECT TO IRS REGULATIONS |
SUBJECT TO IRS REGULATIONS |
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- The Dividend Rate and Annual Percentage Yield (APY) are listed in the above
chart. 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. The Dividend Rate and
Annual Percentage Yield are subject to change quarterly, as determined by the
Credit Union Board of Directors.
- Dividends are paid from current income and available earnings after required
transfers to reserves at the end of the dividend period. The Dividend Rate
and APY are the prospective rates and yields that the Credit Union
anticipates paying for the applicable dividend period.
- The Dividend periods, with examples are listed above. Subsequent
dividend periods will follow the same pattern of beginning and ending
dates. The Dividend Declaration Date is the last of the Dividend
Period.
- Dividends will begin to accrue on cash and non-cash items on the business day
you make the deposit.
- If you close your account before the dividends are credited, you will not
received the accrued dividends for that period.
- Dividends are calculated by the daily balance method, which applies a
periodic rate to the principal in the account each day.
- Transfer limitations apply to Share/Passbook Accounts. No more than
six preauthorized, automatic, or telephone transfers can be made from these
accounts to another account of yours to a third party each month, and no
more than three of these can be to a third party. Your account may be
subject to closure by the Credit Union or a fee of $.50 per item if you
exceed these limitations.
- Account owners agree to pay charges for all returned checks, drafts or
other failures of payment or deposit, or for fees for account maintenance,
activity, and membership as may be fixed by the Board of Directors.
- The Credit Union may make deposits to your Moneycheck account from your
Credit Union Share/Passbook Accounts or line of credit (if any) as is
necessary to cover overdrafts and other charges.
There is no service charge for the IRA Accounts.
There is a $5.00 Dormant Account Fee, per quarter, for our Share/Passbook
Account.

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