Truth in Savings Disclosure

Share Certificate Rates

Effective July 1, 2018

6 Month Term .40%   .40% (APY)      1 Year Term .70% .70% (APY)

Rate Information.  The dividend rate on your share certificate account is disclosed at the initial deposit.  Current rates are available at or by calling our office at (360) 501-9500.

Compounding Frequency.  Unless otherwise paid, dividends will be compounded monthly.

Crediting Frequency.  Dividends will be credited to your account monthly.  Alternatively, you may choose to have dividends paid to you by credit union draft or by crediting another account at the credit union.

Dividend period.  For this type of account, the dividend period is monthly.

Effect of closing an account.  If you close your account before the certificate maturity date, there is a substantial penalty.  See Early Withdrawal Penalties.

Minimum Balance.  The minimum balance to open the account is $1,000.00 ($500 for members under the age of 21).  You must maintain the minimum balance in your account each day to obtain the disclosed annual percentage yield.

Daily balance computation method.  Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on non-cash deposits.  Dividends will begin to accrue on the business day you place your non-cash items (for example, checks) into your account.

Transaction limitations.  After the account is opened, you may not make additions into or withdrawals from the account until the maturity date stated on the account.  You can only withdraw dividends credited in the term before maturity of that term without penalty.  You can withdraw dividends only on the crediting dates.  This dividend withdrawal limitation does not apply if you have made arrangements to have dividends paid to you in lieu of having them credited to this account.

Maturity.  The maturity of your account will be disclosed at the initial deposit.  Terms can be 6 month or 1 year.

Early withdrawal penalties.  (a penalty may be imposed before maturity)  The penalty we may impose is:

Terms of less than 1 year:  Dividends since date of issuance or renewal, or 60 days dividends.

Terms of 1 year or longer: Dividends since date of issuance ore renewal, or 120 days dividends.

Early withdrawals prior to 90 days may affect the principal.  There are certain circumstances, such as the death or incompetence of an owner, where we may waive or reduce this penalty.

Withdrawal 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 earnings.

Automatically renewable account.  Unless you withdraw or transfer the account funds at maturity, or within the grace period, if applicable, your account will automatically renew for an additional term, and the new maturity date will be set forth at the time of renewal.  The terms and conditions applicable to your renewal account (except Dividend Rate and Annual Percentage Yield APY) will be the original account terms and conditions unless set forth on the Rate and Fee Schedule accompanying the renewal notice.

Grace period.  You will have a grace period of ten (10) calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty.