Disclosure of Account Information - The Golden 1 Credit Union

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Early withdrawal penalties - A penalty may be imposed for withdrawals before maturity. The penalty applies to the amount withdrawn each time you make a withdrawal. 44 • If your account has an original maturity of 3 months through 11 months, the penalty we may impose will equal 90 days’ dividends on the amount withdrawn subject to penalty. • If your account has an original maturity of 12 months through 23 months, the penalty we may impose will equal 180 days’ dividends on the amount withdrawn subject to penalty. • If your account has an original maturity of 24 months or greater, the penalty we may impose will equal 365 days’ dividends on the amount withdrawn subject to penalty. In certain circumstances, such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply; for example, if this is part of an IRA or other tax-deferred savings plan. 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 - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below) or we receive written notice from you within the grace period mentioned below. Each renewal term will be the same as the original term, beginning on the maturity date. The dividend rate will be the same we offer on new Term-Savings IRA Certificates on the maturity date which have the same term, minimum balance (if any) and other features as the original Term-Savings IRA Certificate Account. Dividends will be calculated on the same basis as during the original term. You will have a grace period of seven (7) calendar days after maturity to withdraw the funds in the account without being charged an early withdrawal penalty. COMMON FEATURES Bylaw requirements - You must complete payment of one share in your Savings (Share) account as a condition of admission to membership.
Transaction limitation - We reserve the right to at any time require not less than sixty days’ notice in writing before each withdrawal from a dividend earning account other than a term-savings certificate account, or from any other savings (share) account as defined by Regulation D. Nature of dividends - Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. (This disclosure further explains the dividend feature of your non-term savings (share) account(s).) National Credit Union Share Insurance Fund - Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund. Please refer to our separate fee schedule for additional information about charges. COURTESY PAY PROGRAM (a discretionary overdraft program) It is the policy of Golden 1 Credit Union (“the Credit Union, we, us, or our”) to comply with applicable laws, rules and regulations, and to conduct business in accordance with strict safety and soundness standards. Occasionally, we may receive an item drawn against your account when there are insufficient funds in your account to cover the item. If paid, this results in an overdraft or negative balance on your account. This may be caused by: A) the payment of checks, electronic funds transfers or other withdrawal requests you initiate; B) payments authorized by you; C) the return, unpaid, of items deposited by you; D) charges applied by Golden 1 to your account for our applicable service charges and fees; or E) the deposit of items to your account which, according to our Funds Availability Policy, are treated as not yet “available” or “finally paid.” We are not obligated to pay any item initiated for payment against your account if your account does not contain sufficient collected funds. However, rather than automatically returning any item(s) that you may have as unpaid, you may be eligible for our Courtesy Pay program, which provides a limited amount of overdraft protection in accordance with these terms and conditions. You will be eligible for the Courtesy Pay program if you have an eligible account type (as described below) and if you maintain your account in good standing. Maintaining your account in good standing includes, among other requirements, the following: 1. You are not in default on any loan obligation to us; 45
Page 1: Disclosure of Account Information R
Page 5 and 6: TERMS AND CONDITIONS OF YOUR ACCOUN
Page 7 and 8: accept for deposit (including items
Page 9 and 10: unless: (1) all persons creating th
Page 11 and 12: to electronic fund transfers (e.g.,
Page 13 and 14: presented without sufficient funds
Page 15 and 16: available balance, the information
Page 17 and 18: - the account balance of your savin
Page 19 and 20: Examples of the types of actions yo
Page 21 and 22: no transfers in a particular month.
Page 23 and 24: • Limited Liability for Visa® De
Page 25 and 26: notice or without notice if your ac
Page 27 and 28: If we cash a check for you that is
Page 29 and 30: Some or all of the checks that you
Page 31 and 32: y means of a preauthorized or autom
Page 33 and 34: Dividend period - For this account
Page 35 and 36: or automatic transfer, telephonic o
Page 37 and 38: at a college or university. After 5
Page 39 and 40: GOLDEN 1 FREEDOM CHECKING SM ACCOUN
Page 41 and 42: enewal if you withdraw the funds in
Page 43: You will have a grace period of sev
Page 47 and 48: law, of any items drawn against ins
Page 49 and 50: However, rather than automatically
Page 51 and 52: • Eligible Account Types: The acc
Page 56: Operations Center P.O. Box 15966 Sa

Disclosure of Account Information - The Golden 1 Credit Union

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