Truth-in-Savings

Except as specifically indicated, the following disclosures apply to all accounts described in this Truth-In-Savings Disclosure. All described accounts are share accounts. Disclosures applicable to time-deposit accounts (Certificates of Deposit) are provided separately below.

1. Rate Information. . The Annual Percentage Yield (APY) 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 APY may change at any time as determined by the Credit Union’s Board of Directors. The Preferred Savings, Preferred Checking, and Signature Checking accounts are Tiered Rate accounts. The balance ranges and corresponding Dividend Rates and APYs applicable to each tier are disclosed in the Rate Schedule. The Emergency Savings is a Tiered Rate account and will earn the higher disclosed rate only for the account balance that is up to $1,000, while any account balance over $1,000 will earn the lower disclosed rate. The Save Smart Savings is a Tiered Rate account and will earn the highest rate disclosed on the First-Tier account balance up to $1,000; the Second Tier will earn the middle disclosed rate for the portion of the balance from $1,000.01 to $100,000; and the Third Tier will earn the lowest disclosed rate for the portion of the balance from $100,000.01 and greater, as shown in the Rate Schedule above. The balance ranges and corresponding Dividend Rates and APY ranges applicable to each tier are disclosed in the Rate Schedule. For Signature Savings, an additional 0.10% will be added to the dividend rate for primary account owners who also own an active FAIRWINDS VISA® Signature Credit Card. If you close your Visa Signature Credit Card, the additional 0.10% rate increase will no longer apply and the dividend rate for your Signature Savings will revert to the current standard rate for that account.

2. Nature of Dividends, Balance Computation Method. Interest and dividends are calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day based on a 365-day year (366-day year during a leap year). Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The dividend period is the period of time at the end of which an account earns dividend credit. The dividend period begins on the first calendar day of the month and ends on the last calendar day of the month.

3. Dividend Accrual, Compounding, and Crediting. For dividend earning accounts, dividends will accrue on deposits to your account beginning on the day the deposit becomes part of your collected balance. For all dividend earning accounts except the Emergency Savings and the Save Smart Savings, dividends will compound on a daily balance and be credited to your account monthly. For the Emergency Savings and the Save Smart Savings, dividends will compound monthly and be credited to your account monthly.

4. Membership Share Account. To open any account, you must deposit or already have on deposit the minimum required par value of one full share of $5.00 in a Membership Share Account. The Membership Share account is a non-transactional account and represents your ownership in the Credit Union. Any transfer or withdrawal from the Membership Share account must be in the full amount of the account, and upon such transfer or withdrawal, your membership in the Credit Union will be terminated.

5. Account Balance Information. The minimum balance requirements applicable to each account are stated in the Rate Schedule. For Preferred Checking, Signature Checking, Freedom Savings, and Emergency Savings accounts, there is a minimum Average Monthly Balance required to avoid a service fee for a calendar month. If the minimum average monthly balance is not met during the calendar month, there will be a service fee as stated in the Service Charge Schedule**. The average monthly balance is calculated by adding the available balance in your account at the end of each day of the period and dividing that figure by the number of days in the period. This fee will be waived if certain conditions as set forth in the Service Charge Schedule** are satisfied. For UCF Student Checking, Freedom Spending Account, Preferred Savings and Signature Savings accounts, there is not a minimum Average Monthly Balance required to avoid a service fee for a calendar month. (i) To open a Preferred Savings, you must maintain a Preferred Checking. If you close or convert your Preferred Checking account to a different checking account, we may convert your Preferred Savings to a Freedom Savings. Following the conversion, all terms, provisions, rates, and fees applicable to Freedom Savings accounts apply. (ii) To open a Signature Savings, you must maintain a Signature Checking. If you close or convert your Signature Checking account to a different checking account, we may convert your Signature Savings to a Freedom Savings. Following the conversion, all terms, provisions, rates, and fees applicable to Freedom Savings accounts apply. (iii) To open the Investor Savings account, you must maintain a balance of $25,000 or more in investment products offered through CUSO® Financial Services, L.P.* If your investment balance with CUSO® Financial Services, L.P.* falls below $25,000, we may convert your Investor Savings account to a Freedom Savings account. Following the conversion, all terms, provisions, rates, and fees applicable to Freedom Savings accounts apply. (iv) UCF Student Checking accounts are available only to active University of Central Florida (UCF) students with a valid Student ID Card. A UCF Student Checking account will be converted to a Freedom Spending Account after 5 years or when a UCF student's status changes to non-active, whichever comes first. Following the conversion, all terms, provisions, and fees applicable to Freedom Spending Accounts apply. (v) To open a Save Smart Savings account, you must also maintain a Spend Smart Checking account, and vice versa. If you close either your Save Smart Savings or Spend Smart Checking, we reserve the right to convert your remaining open account to an alternative checking or savings product. Your Spend Smart Checking account may be converted to the Freedom Spending account and Save Smart Savings account may be converted to the Freedom Savings account. Following the conversion, all terms, provisions, rates, and fees applicable to Freedom Spending or Freedom Savings accounts apply. Additionally, the debit card associated with your Spend Smart Checking account will be deactivated. You can request a new debit card once your account has converted to the Freedom Spending account.

6. Transaction Limitations. For all accounts listed above, no withdrawal or deposit transaction limitations apply

7. Fees for Overdrawing Accounts. Fees may be imposed on each check, draft, item, preauthorized automatic debit, telephone-initiated withdrawal, or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. If you opt into the Credit Union’s Courtesy Pay Plus program, fees may also be imposed on each ATM or debit card point of purchase 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. You may consult our Funds Availability Policy for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item, or transaction; provided, however, fees will not be imposed for ATM or debit card point of purchase transaction unless you have opted into the Credit Union’s Courtesy Pay Plus program. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit. Please refer to the Service Charge Schedule** for current fee information.

8. Limitations on Funds Availability for Withdrawal. Any provision of this Truth-in-Savings Disclosure to the contrary notwithstanding, funds deposited into a Preferred Savings, Freedom Savings, Emergency Savings, Investor Savings, Signature Savings, Save Smart Savings or IRA Savings account by an Automated Clearing House electronic funds transfer may not be made available for your withdrawal and use, and may be held by us, in our sole discretion, for a period of sixty-five (65) days following the date the funds are deposited into the account.

9. Fees. Refer to our Service Charge Schedule** for fees and charges that apply to all accounts. Fees may reduce earnings.

The rates, fees, and terms applicable to your account at the Credit Union are provided in this Truth-in-Savings Disclosure. Rates are effective as of the date shown above and are subject to change after account opening. For current rates, please call 800.443.6887 or visit our rates page.