Truth-in-Savings Disclosure for Rewards Checking

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. The Dividend Rate and Annual Percentage Yield may change monthly 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.

Rewards Requirements were met: If you meet the requirements of the rewards checking program, your dividend rate will be 3.94% with an Annual Percentage Yield of 3.15% on balances between one penny and $25,000. On account balances in excess Yield of $25,000 the dividend rate is 1.00% with an Annual Percentage Yield of 1.01%

Rewards Requirements were not met: If you do not meet the requirements within a qualifying cycle, your dividend rate will be 0.10% with an Annual Percentage Yield of 0.10%. If the monthly requirements are not met, we will not pay less than the minimum rate on your account.

E-Mail Notification: You will receive an e-mail each cycle notifying you of whether or not you met the qualification requirements. It is necessary to have a valid e-mail address in order to receive these notifications.

Qualifying Cycle: The qualifying cycle ends two days before the last day of the month. Please reference chart below:

ATM Refunds: If you meet the requirements, you will receive a refund for Nationwide ATM transaction fees and surcharges up to $25.00 per qualifying period. ATM Refunds will automatically be credited to your account.

ATM Usage Fees: First Credit Union imposes a fee of $1.00 per ATM withdrawal for transactions in excess of 10 per month. Members who qualify for rewards checking will not be assessed this fee. However, members who do not qualify in a given cycle will be subject to this charge.

Terms and Conditions of Rewards Checking are subject to change without notice.

Minimum Balance: There are no minimum balance requirements for this type of account.

Account Limitations: There are no limitations on the use of this account.

Nature of Dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.

Dividend Period: The dividend period is the account’s term. The dividend period begins on the first day of the term and ends on the maturity date.

Dividend Compounding and Crediting: Dividends are compounded monthly and are credited to your account each month-end and at maturity.

Balance Computation Method: Dividends are calculated by the Daily Balance Method, which applies a periodic rate to the balance in the account each day.

Accrual of Dividends: Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid.

Fees: While no monthly fees apply to the maintenance of a Rewards Checking account, you may incur fees in certain situations such as placing a stop payment on a check or ordering new checks. Please refer to fee schedule for a complete list of fees.

Fees for Overdrawing Accounts: Fees may be imposed on each check, draft item, ATM card withdrawal, debit card point of purchase, preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft, or item. Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item or transaction. If we have approved an overdraft protection limit, such fees may reduce your approved limit. Please refer to the fee schedule for current fee information.

Membership Requirement: To participate in this program, you must qualify for membership at First Credit Union and maintain a $5 minimum balance in a share account. Rewards Checking accounts are only available for personal accounts. First Credit Union will limit the number of rewards checking accounts to one account per primary member.

National Credit Union Share Insurance Fund: Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.