HERITAGE SOUTH COMMUNITY CREDIT UNION

60+ CLUB ACCOUNT

TRUTH-IN-SAVINGS DISCLOSURE

 

Rate Information                   

As of the last day of the previous dividend period, the dividend rate of this share draft account was as follows:

 

Click here to review our current 60+ Club Account rates.

 

The dividend rate and APY may change every dividend period as determined by the credit union. For current rate information, call (931) 684-3596.

 

Compounding and Crediting    

Dividends will be compounded monthly and will be credited monthly. For

this account type, the dividend period is monthly, 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 January 31.  All other

dividend periods follow the same pattern of dates.  The dividend

declaration date follows the ending date of a dividend period, and for the

example above is February 1.  If you close your share draft account before

dividends are credited, you will not receive accrued dividends.

 

Minimum Balance                 

No minimum balance requirements apply to this account.

 

Balance Computation Method            

Dividends are calculated by the average daily balance method which

applies a periodic rate to the average daily balance in the account for the

period.  The average daily balance is calculated by adding the balance in  the account for each day of the period and dividing that figure by the

number of days in the period.

 

Accrual of Dividends             

Dividends will begin to accrue on the business day of your deposit.

 

Fees and Charges                  

See fee schedule.

 

Transaction Limitations        

No transaction limitations apply to this account.

 

Nature of Dividends              

Dividends are paid from current income and available earnings, after

required transfers to reserves at the end of a dividend period.

 

Bylaw Requirement               

See account disclosure booklet.

 

Par Value of Shares and Dividend Period        

See account disclosure booklet

 

Additional Terms and Conditions          

See account disclosure booklet