CONSUMER CERTIFICATE OF DEPOSIT TERMS AND CONDITIONS

The rates, fees, and terms are applicable to your Certificate of Deposit accounts at the Credit Union as provided in this Truth-in-Savings Disclosure. Current rate information may also be obtained by calling (800) 443-6887 or visit fairwinds.org/rates. Rates are effective as of the date shown and are subject to change after account opening.

1. Balance Information. The minimum balance requirements are as follows: $1,000.00 for a standard Certificate of Deposit with terms of 3, 6, 12, 24, 36, 48, 60 months and for a 7-month CD Special. The minimum balance requirement is $100 for a standard Add-On Certificate of Deposit with terms of 6 months and 12 months.

2. Rate Information. The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of interest to be paid on an account based on the interest rate and frequency of compounding for an annual period. For all Certificate of Deposit accounts, the Interest Rate and APY are fixed and will be in effect for the term of the account. For accounts subject to interest compounding, the APY is based on an assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.

3. Interest, Compounding and Crediting. Interest is calculated by the Daily Balance method, which applies a periodic rate to the balance in the account each day. Interest for your account will be compounded daily and credited to your account monthly. For all Certificate of Deposit accounts, you may choose to have interest credited to your account monthly or at maturity. At your option, credited interest may be added to your account balance, may be paid to you by check, or may be paid to another Credit Union account of yours.

4. Accrual of Interest. For all certificate of deposit accounts, interest will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.

5. 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.

6. Maturity. Your Certificate of Deposit account will mature as stated on your receipt when opening the account or renewal notice.

7. Limitations on Funds Availability for Withdrawal. For all Certificate of Deposit accounts funds deposited 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.

8. Early Withdrawal Penalty. For all Certificate of Deposit accounts an early withdrawal penalty set forth below will be imposed for withdrawals made prior to maturity. We may require you to withdraw the full balance of your certificate and impose an early withdrawal penalty if requesting a withdrawal prior to maturity.

(i) For all accounts, the amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows:

• Terms of 3 months or less = 1 month’s interest

• Terms of 4 months to 11 months = 3 months’ interest

• Terms of 12 months to 24 months = 6 months’ interest

• Terms of 25 months or longer = 9 months’ interest

(ii) The penalty is calculated as a forfeiture of part of the interest that has been or would be earned on the account. It applies whether or not the interest has been earned. In other words, if the account has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal. A withdrawal will reduce earnings.

9. Renewal Policy. For all Certificate of Deposit accounts except for the 7 Month CD Special account, your account will automatically renew for another term of the same length upon maturity. However, for the 7 Month CD Special account, your account will automatically renew as a 6 Month Standard account. The terms of the Certificate may also be changed during the grace period.

10. Transaction Limitations. You may not make additional deposits into Certificate of Deposit accounts during the term of the Certificate, except for the 6 month and 12 month Add-On Certificates. You may add or withdraw from the Certificate during the grace period described below.

11. Grace Period. For all Certificate of Deposit accounts, you have a grace period of ten (10) calendar days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty.

12. Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable.

If you have questions regarding your account or if we can assist you with any other financial needs, please contact us at (800) 443-6887. Thank you for the opportunity to serve you.