Share Certificate Disclosure Information
Rate Information The dividend rates and annual percentage
yields stated above are fixed rates. You will be paid this rate until
maturity. Annual percentage yield assumes dividends post to and remain
in Share Certificate account. Withdrawal of dividends will reduce annual
Compounding and Crediting Dividends will be compounded and credited
every month and at maturity.
Balance Computation Method Dividends are calculated by the daily balance
method which applies a daily periodic rate to the balance in the account
Accrual of Dividends Dividends will begin to accrue on the business
day you deposit non-cash items (e.g., checks) to your account.
Fees and Charges No fees or charges apply exclusively to this
account. Refer to our Standard Fees and Service Charges for
Transaction Limitations After the account is opened, you may not make
deposits or withdrawals until the stated maturity date. You may make
withdrawals of principal from your account before maturity only if we
agree at the time you request the withdrawal. Principal withdrawn before
maturity is included in the amount subject to early withdrawal penalty.
You can only withdraw dividends before maturity if you make arrangements
with us for periodic payments of dividends in lieu of crediting.
Early Withdrawal Penalties We will impose a penalty if you withdraw funds
or close the account before the stated maturity date.
Renewal Policies Your Share Certificate
will automatically renew at maturity unless you instruct us to
automatically renew it at maturity: (1) when you originally purchase the
Share Certificate, or (2) at some point before its maturity date. If you
do not choose automatic renewal, we will transfer the Share
Certificates principal and dividends to any Savings-type account you
designate, or to your regular Savings account if you have not so
Bylaw Requirements You must complete and maintain payment of one
share ($5.00) in your regular Savings account as a prerequisite to
membership in Secure First Credit Union.
Dividend Period The dividend period of this account type is
monthly, beginning on the date the account is opened and ending on the
stated maturity date, unless renewed.
National Credit Union Share
Insurance Fund Member accounts in
Secure First Credit Union are federally insured by the National Credit
Unions Share Insurance Fund under the auspices of the National Credit
Union Administration, a U.S. government agency.
of Dividends Prior to Maturity
The annual percentage yield is based on an assumption that dividends
will remain in the account until maturity. A withdrawal will reduce