Agreements Disclosures

Transcription

1 TALERIS CREDIT UNION & Agreements Disclosures Information contained herein is as of. Current updates are available on the Taleris website: or by calling Member Services at or toll free. MD0.004

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3 Agreements and Disclosures Taleris Credit Union, Inc. 3 DEPOSITOR / MEMBER AGREEMENT HEREIN THESE AGREEMENTS AND DISCLOSURES TALERIS CREDIT UNION, INC. IS Also known as TCU, We, Our, Us or Credit Union and the DEPOSITOR/ MEMBER is also known herein as You or Your. Membership in Taleris Credit Union, Inc. (TCU) also known herein as TCU requires that a share ($5.00 par value) is purchased and maintained. A Savings Account is initially established in which the share is maintained. This account will be referred to as the Primary Savings (Share) Account. If the balance in this account falls below $5.00 (the cost of the required share) at any time, membership is considered terminated and all privileges will be suspended pursuant to the Depositor Agreement Bylaw Requirements below. All account relationships will have the same type of ownership as the Primary Savings Account. For example, the Primary Savings Account is opened as an Individual Account therefore subsequent related accounts (savings, clubs, checking etc.) will be opened as Individual Accounts. Eligibility for Membership and Loans include Employment, Credit Bureau and ChexSystems verification. In the event of either [written] notice of the existence of a dispute between the owners, beneficiaries/pod payees, or other persons concerning their respective rights of ownership to the funds contained in, or proposed to be withdrawn, or previously withdrawn, from an account(s), or TCU s uncertainty as to who is entitled to the funds in an account(s), we reserve the right to place an administrative hold on the funds in the account(s), notify all owners, beneficiaries/pod payee(s), and/or all other persons claiming an interest in the account(s), of either the dispute or TCU s uncertainty as to who is entitled to the funds, and will not release the funds to any owners, beneficiary(s) POD Payee(s) or other persons claiming an interest in funds in the account, until TCU receives either: a request for payment in writing agreed to by all owners, beneficiary(s) POD Payee(s), or all other persons claiming an interest in funds held in an account(s), or the payment is authorized or directed by a court of proper jurisdiction. INDIVIDUAL SAVINGS (SHARE) ACCOUNT INCLUDES PAYABLE ON DEATH (P.O.D.) AND FIDUCIARY ACCOUNTS SUCH AS MINOR (CUSTODIAN), WARD (GUARDIAN) RECIPIENT OF SOCIAL SECURITY FUNDS (REPRESENTATIVE PAYEE) ESTATE (EXECUTRIX/EXECUTOR). Bylaw Requirement. As stated in Article IV of the TCU Code of Regulations, a member who fails to complete payment of one share may be terminated from membership. Shares may be transferred only from one member to another, by written instrument in such form as TCU may prescribe. TCU reserves the right, at any time, to require members to give in writing, not to exceed 60 days notice of intention to withdraw the whole or any part of the amounts so paid in by them (see Code of Regulations Article IV). Shares paid in under an accumulated payroll deduction plan may not be withdrawn until credited to a member s account. No member may withdraw shareholdings that are pledged as required security on loans without the written approval of the credit committee or a loan officer, except to the extent that such shares exceed the member s total primary and contingent liability to TCU. No member may withdraw any shareholdings below the amount of his/her primary or contingent liability to TCU if he/she is delinquent as a borrower, or if borrowers for whom he/she is co-maker, indorser or guarantor are delinquent, without the written approval of the credit committee or loan officer. The provisions of this paragraph govern share accounts with TCU where the Primary Member/Owner ( Depositor ) signs a Membership Application form requesting a Savings Account for which no Co-Owner is indicated. TCU is authorized to recognize the sole signature of Depositor in the payment of funds or the transaction for any business for the account, and Depositor assents to and agrees to all provisions of TCU s Articles, Bylaws, and Regulations, as now in effect and as hereafter amended, including provisions for service charges and other rules in connection with Savings Accounts. Depositor agrees with TCU that the account and all credits and deposits thereto and dividends thereon shall be owned by Depositor. Depositor authorizes and directs TCU to act pursuant to his or her signature in any matter in connection with the account including, but not by limitation, to pay, without any liability for such payment, to or to the order of Depositor at any time all or any part of the balance of the account. TCU is authorized to accept checks or other instruments of credit to the account and to supply any needed endorsement of Depositor. Withdrawals or redemptions may not be made on account of deposited items until collected, and any item not actually collected in money received by TCU may be charged back to the account. Whether or not specifically pledged, all balances in the account shall be subject to setoff by TCU to apply to any obligation of Depositor to TCU, including credit card obligations. All funds on deposit are subject to garnishment and bankruptcy orders. The account may be closed by TCU at any time by the mailing of a check payable to Depositor and a notice of closing in an envelope addressed to the last address of which Depositor has notified TCU in writing as shown by TCU s records. The Savings Account and this Depositor Agreement shall be governed by the laws of Ohio. JOINT AND SURVIVORSHIP SAVINGS (SHARE) ACCOUNT AGREEMENT The provisions of this paragraph govern share accounts with TCU, where the Primary Member/Owner and one or more persons designated to be Co-Owners all sign a Membership Application form requesting a Savings Account, the Primary Member/Owner and all Co-Owners being together called Depositors. All Depositors shall be joint owners of the Savings Account even though only the person designated Primary Member/Owner is required to be a member of TCU and entitled to all other benefits of membership. Depositors agree to the provisions of TCU s Articles, Bylaws, and Regulations, as is now in effect and as hereafter amended, including provisions for service charges and other rules in connection with Savings Accounts. Depositors agree with TCU that the account and all credits and deposits thereto and dividends thereon shall be owned by Depositors. Depositors authorize and direct TCU to act pursuant to his or her signature in any matter in connection with the account including, but not by limitation, to pay, without any liability for such payment, to or to the order of Depositors at any time all or any part of the then balance of the account. TCU is authorized to accept checks or other instruments of credit to the account and to supply any needed endorsement of Depositors. Withdrawals or redemptions may not be made on account of deposited items until collected, and any item not actually collected in money received by TCU may be charged back to the account. Whether or not specifically pledged, all balances in the account shall be subject to setoff by TCU to apply to any obligation of Depositor to TCU, including credit card obligations. All funds on deposit are subject to garnishment and bankruptcy orders. The account may be closed by TCU at any time by the mailing of a check payable to the Depositors and a notice of closing in an envelope addressed to the last address of which Depositors have notified TCU in writing as shown by TCU s records. The Savings Account and this Depositors Agreement shall be governed by the laws of Ohio. TRUST SAVINGS (SHARE) ACCOUNT AGREEMENT The provisions of this paragraph govern share accounts with TCU where the Trustee (Settlor) for a Revocable Trust or the Trustee or Beneficiary for an Irrevocable Trust as a Primary Member/Owner signs a Membership Application form requesting a Savings Account to accept deposits held in trust according to an established trust drafted by an attorney. TCU is authorized to recognize the signature of the Trustee (as indicated in the trust document) as the Depositor in the payment of funds or the transaction for any business for the account. The Depositor assents to and agrees to all provisions of TCU s Articles, Bylaws, and Regulations, as now in effect and hereafter amended, including provisions for service charges and other rules in connection with Savings Accounts. Depositor agrees with TCU that the account and all credits and deposits thereto and dividends thereon shall be owned by the designated beneficiary as named in the trust document. The Depositor authorizes and directs TCU to act pursuant to his or her signature in any matter in connection with the account including, but not by limitation, to pay, without any liability for such payment, to or to the order of Depositor at any time all or any part of the balance of the account. TCU is authorized to accept checks or other instruments of credit to the account and to supply any needed endorsement of Depositor. Withdrawals or redemptions may not be made on account of deposited items until collected, and any item not actually collected in money received by TCU may be charged back to the account. Whether or not specifically pledged, all balances in the account shall be subject to setoff by TCU to apply to any obligation of Depositor to TCU, including credit card obligations. All funds on deposit are subject to garnishment and bankruptcy orders. The account may be closed by TCU at any time by the mailing of a check payable as titled in the trust agreement and notice of closing in an envelope addressed to the last address of which Depositor has notified TCU in writing as shown by TCU s records. The Savings Account and this Depositor agreement shall be governed by the laws of Ohio. CHECKING (SHARE DRAFT) ACCOUNT AGREEMENT The provisions of this paragraph govern Share Accounts with TCU where the Primary Member/Owner has signed a Membership Application form requesting a Checking Account. The account is a Share Draft Account, and share drafts are also referred to as checks herein. TCU is authorized to pay checks signed by the Primary Member/Owner, or by any other person designated to be Co-Owner on the Membership Application and to charge the payments against the account. If there are one or more Co-Owners on the account, the account and all credits and deposits thereto and dividends thereon shall be owned by the Primary Member/Owner and all Co-Owners as joint tenants with right of survivorship and not as tenants in common. Any joint tenant may pledge all funds in the account as security for a loan, and all funds in the account shall be subject to setoff for any debt of any joint tenant to TCU, including credit card obligations. The following provisions also apply.

4 4 Agreements and Disclosures Taleris Credit Union, Inc. It is agreed that: A. Only methods approved by TCU may be used to withdraw funds from this Checking Account; B. TCU is under no obligation to pay a check which exceeds the balance in the Checking Account; TCU may, however, pay such a check and charge the amount of the resulting overdraft plus a service charge against any other share account from which the person who signed the check is entitled to withdraw; TCU is under no obligation to pay a check on which the date is more than six months old or is post-dated; C. Except for negligence, TCU is not liable for an action it takes regarding the payment or non-payment of a check; D. Any objections respecting any item shown on a monthly statement of the Checking Account, shall be waived unless made in writing to TCU on or before the twentieth day following the day the statement is mailed; E. All non-cash payments (deposits) received on shares in the Checking Account will be credited subject to final payment/collection by TCU; F. The Checking Account shall be subject to service charges in accordance with the Schedule of Service Charges, adopted by TCU from time to time; G The use of the Checking Account is subject to such other terms, conditions, and requirements as TCU may establish from time to time; H. If the Membership Application is signed by more than one person, this agreement is subject to the additional terms and conditions of any Joint Account Agreement that applies to a share account in these joint names. I. Electronic Check Conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your account using information from your check to: 1. Pay for purchases. 2. Pay bills. JOINT CHECKING ACCOUNT AGREEMENT TCU is hereby authorized to recognize any of the signatures subscribed on the Checking Section of the Membership Application hereof in the payment of funds or the transaction of any business for this account. The joint owners (co-owners) of this account hereby agree with each other and with TCU, that all sums now paid on shares, or heretofore or hereafter paid on shares by any or all of said joint owners are and shall be owned by them jointly, with right of survivorship and be subject to the withdrawal or receipt of any of them, and payment to any of them or the survivors shall be valid and discharge TCU from any liabilities for such payment. ACCOUNTS OF BUSINESSES AND ORGANIZATIONS Accounts held in the name of a business, organization, or association member are subject to all of the conditions and terms contained in this Agreement for natural person accounts, and the following additional rules. TCU reserves the right to require the business member to provide an account authorization card or other documentary evidence satisfactory to the credit union informing TCU who is authorized to act on the business member s behalf. No POD beneficiary designation or other designation shall apply to the account. You agree to notify TCU of any change in this representative authority of your agent. TCU may rely on your written authorization until such time as TCU is informed of changes in writing and has had a reasonable time to act upon such notice. TCU may require that third-party checks payable to a business may not be cashed, but must be deposited to a business account. You agree that TCU shall have no notice of any breach of fiduciary duties arising from any transactions by any agent of the account owner, unless TCU has actual notice of such breach. TRUTH IN SAVINGS DISCLOSURE The Board of Directors declares dividends based on current income and available earnings of Taleris Credit Union, Inc. (TCU), after providing for the required reserves at the end of the month. The dividend rate and Annual Percentage Yield shown may reflect either the last dividend declaration date on the account or the earnings TCU anticipates having available for distribution. SAVINGS ACCOUNT Savings Accounts include your Primary Savings Account, Share Type 00, and any other Savings Accounts identified for example Share Type 01,03,or 07on your Account Statement and Club Accounts. Rate Information. The dividend rate and the Annual Percentage Yield may change every month. We may change the dividend rate for your account as determined by Taleris Credit Union, Inc. s Board of Directors. Current rates are available by calling or (listen to directions), or by visiting our website: Compounding and Crediting. Dividends will be compounded quarterly and will be credited to your account quarterly. Dividend Period. For this account type, the dividend period is quarterly. 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 March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period and, for the example above, is March 31. If you close your Savings Account before dividends are paid, you will not receive the accrued dividends. Minimum Account Opening /Balance Requirements. The minimum required to open this account is the purchase of a share in TCU. The par value of a share in TCU is $5.00. There is no minimum balance requirement to open any other Savings or Club Account once the affiliated Primary Savings Account is opened. You must maintain a $ minimum daily balance in your account to obtain the disclosed Annual Percentage Yield. Balance Computation Method. Dividends are calculated using the daily balance method. The daily balance method applies a periodic rate to the daily balance in the account for the period. Accrual of Dividends on Non-cash Deposits. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) into your account. Fees and Charges. Refer to the current Schedule of Service Charges for any fees associated with this account. Transaction Limitations. TCU reserves the right to require a member intending to make a withdrawal from an account to give notice in writing of this intent not less than seven days before such withdrawal. During any statement period, you may not make more than six withdrawals or transfers to another TCU account or to a third party by means of a preauthorized or automatic transfer, online banking, telephone order or instruction. If you exceed the transfer limitations, set forth above in any calendar month/statement period your account may be subject to closure by TCU. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period.

5 Agreements and Disclosures Taleris Credit Union, Inc. 5 American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. BUSINESS SAVINGS ACCOUNT Rate Information. The dividend rate and the Annual Percentage Yield may change every month. We may change the dividend rate for your account as determined by Taleris Credit Union, Inc. s Board of Directors. Current rates are available by calling or (listen to directions), or by visiting our website: Compounding and Crediting. Dividends will be compounded quarterly and credited to your account quarterly. Dividend Period. For this account type, the dividend period is quarterly. 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 March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period and, for the example above, is March 31. If you close your Savings Account before dividends are paid, you will not receive the accrued dividends. Minimum Account Opening/Balance Requirements. The minimum required to open this account is $ which includes the $5.00 par value of a Share in TCU. You must maintain a $ minimum daily balance in your Business Savings Account to obtain the disclosed Annual Percentage Yield. Balance Computation Method. Dividends are calculated using the average daily balance method. The average daily balance method applies a periodic rate to the average daily balance in the account for the period. Accrual of Dividends on Non-cash Deposits. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) into your account. Fees and Charges. Refer to the current Business Account Fees Structure for any fees associated with this account. Transaction Limitations. TCU reserves the right to require a member intending to make a withdrawal from an account to give notice in writing of this intent not less than seven days before such withdrawal. During any statement period, you may not make more than six withdrawals or transfers to another TCU account or to a third party by means of a preauthorized or automatic transfer, online banking, telephone order or instruction. If you exceed the transfer limitations, set forth above in any calendar month/statement period your account may be subject to closure by TCU. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. BASIC CHECKING ACCOUNT Rate Information. This is a non-interest bearing account. Minimum Account Opening/ Balance Requirements. There is no minimum balance requirement to open this account once the affiliated Primary Savings Account is opened. However, a direct deposit to this account must begin within the first 60 days this account is open. A direct deposit must be made at least monthly for the entire time the account is open. If a direct deposit is not made during a monthly statement period, at month end the account type will change and the account will be considered a Classic Checking Account with the account requirements and fee schedule for a Classic Checking Account. Fees and Charges. Refer to the current Schedule of Service Charges for fees associated with this account. Member Balance Guardian (MBG) overdraft fees will be imposed for overdrafts created by any transaction other than ATM withdrawal, teller 24e, or Audio Account Access (these transactions are not eligible for the Member Balance guardian program. Transaction Limitations. Withdrawals from your Checking Account are limited to the amount of available funds in your account on the day that we receive the drafts (checks). Cash withdrawals from ATMs are limited to a maximum of $ of the available funds per day. The maximum Point-of-Sale purchase is $1, of the available funds per day. American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. CLASSIC CHECKING ACCOUNT Rate Information. The dividend rate and Annual Percentage Yield may change every month. We may change the dividend rate for your account as determined by Taleris Credit Union, Inc. s Board of Directors. Current rates are available by calling or , (listen to directions), or by visiting our website: Compounding and Crediting. Dividends will be compounded quarterly and will be credited to your account quarterly. Dividend Period. For this account type, the dividend period is quarterly. 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 March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above, is March 31. If you close your Checking Account before dividends are paid, you will not receive the accrued dividends.

6 6 Agreements and Disclosures Taleris Credit Union, Inc. Minimum Account Opening/Balance Requirements. There is no minimum balance requirement to open this account once the affiliated Primary Savings Account is opened. This is a tiered rate account. You must maintain at least the minimum daily balance of the tier for the dividends to accrue for that day and to earn the disclosed Annual Percentage Yield. Balance Computation Method. Dividends are calculated using the daily balance method. The daily balance method applies a periodic rate to the daily balance in the account for the period. A table is provided at the time of account opening. Accrual of Dividends on Non-cash Deposits. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) into your account. Fees and Charges. Refer to the current Schedule of Service Charges for fees associated with this account. Member Balance Guardian (MBG) overdraft fees will be imposed for overdrafts created by any transaction other than ATM withdrawal, teller 24e, or Audio Account Access (these transactions are not eligible for the Member Balance Guardian program. Transaction Limitations. Withdrawals from your Checking Account are limited to the amount of available funds in your account on the day that we receive the drafts (checks). Cash withdrawals from ATMs are limited to a maximum of $ of the available funds per day. The maximum Point-of-Sale purchase is $1, of the available funds per day. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. STANDARD BUSINESS CHECKING ACCOUNT Rate Information. This is a non-interest bearing account. Minimum Account Opening/ Balance Requirements. There is a $ minimum balance requirement to open this account once the affiliated Primary Share Business Savings Account is opened. Fees and Charges. Refer to the current Business Account Fee Structure for fees associated with this account. Member Balance Guardian (MBG) overdraft fees will be imposed for overdrafts created by any transaction other than ATM withdrawal, teller 24e, or Audio Account Access (these transactions are not eligible for the Member Balance Guardian program). Transaction Limitations. Withdrawals from your Checking Account are limited to the amount of available funds in your account on the day that we receive the drafts (checks). Cash withdrawals from ATMs are limited to a maximum of $ of the available funds per day. The maximum Point-of-Sale purchase is $1, of the available funds per day. American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. PREMIERE BUSINESS CHECKING ACCOUNT Rate Information. The dividend rate and Annual Percentage Yield may change every month. We may change the dividend rate for your account as determined by Taleris Credit Union, Inc. s Board of Directors. Current rates are available by calling or , (listen to directions), or by visiting our website: Compounding and Crediting. Dividends will be credited to your account quarterly. Dividend Period. For this account type, the dividend period is quarterly. 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 March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above, is March 31. If you close your Checking Account before dividends are paid, you will not receive the accrued dividends. Minimum Balance Requirements. There is a $ minimum balance requirement to open this account once the affiliated (Primary Share) Business Savings Account is opened. You must maintain a $5, average daily balance to earn the disclosed Annual Percentage Yield. Balance Computation Method. Dividends are calculated using the average daily balance method. The average daily balance method applies a periodic rate to the average balance in the account for the period. Accrual of Dividends on Non-cash Deposits. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) into your account. Fees and Charges. Refer to the current Business Account Fee Structure for fees associated with this account. Member Balance Guardian (MBG) overdraft fees will be imposed for overdrafts created by any transaction other than ATM withdrawal, teller 24e, or Audio Account Access (these transactions are not eligible for the Member Balance Guardian program. Transaction Limitations. Withdrawals from your Checking Account are limited to the amount of available funds in your account on the day that we receive the drafts (checks). Cash withdrawals from ATMs are limited to a maximum of $ of the available funds per day. The maximum Point-of-Sale purchase is $1, of the available funds per day.

7 Agreements and Disclosures Taleris Credit Union, Inc. 7 Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. HOLIDAY ACCOUNT Rate Information. The dividend rate and the Annual Percentage Yield may change every month. We may change the dividend rate for your account as determined by Taleris Credit Union, Inc. s Board of Directors. Current rates are available by calling or (listen to directions), or by visiting our website: Compounding and Crediting. Dividends will be compounded quarterly and will be credited to your account quarterly. Dividend Period. For this account type, the dividend period is quarterly. 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 March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period and for the example above is March 31. If you close your Holiday Account before dividends are paid, you will not receive the accrued dividends. Minimum Account Opening/Balance Requirements. There is no minimum balance requirement to open this account once the affiliated Primary Savings Account is opened. You must maintain a $100 minimum daily balance in your account to obtain the disclosed Annual Percentage Yield. Balance Computation Method. Dividends are calculated using the daily balance method. The daily balance method applies a periodic rate to the daily balance in the account for the period. Accrual of Dividends on Non-cash Deposits. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) into your account. Fees and Charges. Refer to the current Schedule of Service Charges for any fees associated with this account. Transaction Limitations. No withdrawals are allowed from this account until the end of the term. At the end of the term, on October 15th (annually), or the nearest business day, the funds will be transferred to a Checking Account. If no Checking Account is available, the funds will be transferred to the Primary Savings Account. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. CLUB ACCOUNTS (REFER TO SAVINGS ACCOUNT DISCLOSURE) MONEY MARKET ACCOUNT Rate Information. This is a tiered rate account. The rate is based on the average daily balance for the entire dividend period. Refer to the table provided at the time of account opening. The dividend rate and Annual Percentage Yield may change every week. Current rates are available by calling or (listen to the directions), or by visiting our website: Compounding and Crediting. Dividends will be compounded monthly and will be credited to your account monthly. Dividend Period. 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 this same pattern of dates. The dividend declaration date is the last day of the dividend period and for the example above is January 31. If you close your account before dividends are paid, you will not receive the accrued dividends. Minimum Balance Requirements. The minimum balance required to open this account is $ You must maintain at least the minimum daily balance of the tier for the dividends to accrue for that day. Balance Computation Method. Dividends are calculated using the average daily balance method. The average daily balance method applies a periodic rate to the average daily balance in the account for the period. Accrual and Dividends on Non-cash Deposits. Dividends will begin to accrue on the business day you place non-cash items (for example checks) into your account. Fees and Charges. Refer to the current Schedule of Service Charges for any fees associated with this account. Transaction Limitations. During any statement period, you may not make more than six withdrawals or transfers to another TCU account or to a third party by means of a preauthorized or automatic transfer, online banking, telephone order or instruction. If you exceed the transfer limitations, set forth above in any calendar month/statement period your account may be subject to closure by TCU. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period.

8 8 Agreements and Disclosures Taleris Credit Union, Inc. American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private member owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. TERM SHARE CERTIFICATE ACCOUNT Rate Information. The current Annual Percentage Yield and Annual Percentage Rate are available by calling or (listen to directions), or by visiting our website: Compounding and Crediting. Dividends will be compounded quarterly and will be credited to your account quarterly. Alternately, you may choose to have dividends paid to you or to another account rather than credited to this account. The Annual Percentage Yield is based on the assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings. Dividend Period. Accounts with a term of 3 months to 5 months, the dividend is posted at maturity. Accounts with a term of 6 months to 60 months, the dividend period is every three months on the anniversary of date opened. For example, the dividend posted for an account opened on February 17th would be on May 17th and every three months thereafter until maturity. If you close your Term Share Certificate Account before dividends are paid, you will not receive the accrued dividends. Minimum Balance Requirements. The minimum balance required to open this account is $ You must maintain a minimum daily balance of $ in this account to earn the disclosed Annual Percentage Yield. Balance Computation Method. Dividends are calculated using the daily balance method. The daily balance method applies a periodic rate to the daily balance in the account for the period. Accrual of Dividends on Non-cash Deposits. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) into your account. Fees and Charges. Refer to the current Schedule of Service Charges for any fees associated with this account. Transaction Limitations. After the account is opened, you may not make additions into the account until the maturity date stated on the account. Not transferable. Time Requirements. Various terms are available for Term Share Certificates. Current term offerings are available by calling or , or by visiting our website: Early Withdrawal Penalties. A penalty may be imposed for withdrawals before maturity. The penalty we may impose will equal 90 days dividends on the amount withdrawn except for Term Share Certificate Accounts with a term of twelve (12) months or longer, opened or renewed on or after May 1, For a Term Share Certificate with a term of twelve (12) months or longer, opened or renewed on or after May 1, 2013, the penalty we may impose will equal one hundred eighty (180) days dividends on the amount withdrawn. There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty. Withdrawals of Dividends Prior to Maturity. The Annual Percentage Yield is based on the assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. Automatically Renewable Account. This account will automatically renew at maturity. You will receive a renewal notice with a 10-day grace period. American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. INDIVIDUAL RETIREMENT ACCOUNT (IRA) SAVINGS (INCLUDES ROTH & COVERDELL EDUCATION SAVINGS ACCOUNTS) Rate Information. The dividend rate and the Annual Percentage Yield may change every month. We may change the dividend rate for your account as determined by Taleris Credit Union, Inc. s Board of Directors. Current rates are available by calling or (listen to directions), or by visiting our website: org. Compounding and Crediting. Dividends will be compounded quarterly, and will be credited to your account quarterly. Dividend Period. For this account type, the dividend period is quarterly. 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 March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period and for the example above, is March 31. If you close your IRA Savings account before dividends are paid, you will not receive the accrued dividends. Minimum Balance Requirements. The minimum balance to open this account is $ You must maintain a minimum daily balance of $ in this account to earn the disclosed Annual Percentage Yield. Balance Computation Method. Dividends are calculated using the daily balance method. The daily balance method applies a periodic rate to the daily balance in the account for the period. Accrual of Dividends on Non-cash Deposits. Dividends will begin to accrue on the business day you deposit non-cash items (for example checks) to the account.

9 Agreements and Disclosures Taleris Credit Union, Inc. 9 Fees and Charges. A Custodial Fee will be deducted annually (Refer to the current Schedule of Service Charges ). Transaction Limitations. TCU reserves the right to require a member intending to make a withdrawal from an account to give notice in writing of this intent not less than seven days before such withdrawal. During any statement period, you may not make more than six withdrawals or transfers to another TCU account or to a third party by means of a preauthorized or automatic transfer, online banking, telephone order or instruction. If you exceed the transfer limitations, set forth above in any calendar month/statement period your account may be subject to closure by TCU. You may make withdrawals or transfers to TCU accounts of yours by completing the proper authorizations. A 10% Federal Withholding penalty may apply if you make a withdrawal from Traditional and Roth IRA s prior to reaching age 59 ½. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. INDIVIDUAL RETIREMENT ACCOUNT (IRA) CERTIFICATE (INCLUDES ROTH & COVERDELL EDUCATION SAVINGS ACCOUNTS) Rate Information. The current Annual Percentage Yield and Annual Percentage Rate are available by calling or (listen to directions), or by visiting our website: Compounding and Crediting. Dividends will be compounded quarterly and will be credited to your account quarterly. Alternately, you may choose to have dividends paid to you or to another account rather than credited to this account. The Annual Percentage Yield is based on the assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings. Dividend Period. Accounts with a term of 3 months to 5 months, the dividend is posted at maturity. Accounts with a term of 6 months to 60 months, the dividend period is every three months on the anniversary of date opened. For example, the dividend posted for an account opened on February 17th would be on May 17th and every three months thereafter until maturity. If you close your IRA Certificate before dividends are paid, you will not receive the accrued dividends. Minimum Balance Requirements. The minimum balance required to open this account is $ You must maintain a minimum daily balance of $ in this account to earn the disclosed Annual Percentage Yield. Balance Computation Method. Dividends are calculated using the daily balance method. The daily balance method applies a periodic rate to the daily balance in the account for the period. Accrual of Dividends on Non-cash Deposits. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) into your account. Fees and Charges. A Custodial Fee will be deducted annually (Refer to the current Schedule of Service Charges ). Transaction Limitations. After the account is opened, you may not make additions into the account until the maturity date stated on the account. Not transferable. Time Requirements. Various terms are available for IRA Certificates. Current term offerings are available by calling or (listen to directions), or by visiting our website: Early Withdrawal Penalties. A penalty may be imposed for withdrawals before maturity. The penalty we may impose will equal 90 days dividends on the amount withdrawn for IRA Certificates with a term of less than twelve (12) months. For IRA Certificates with a term of twelve (12) months or longer, the penalty we may impose will equal one hundred eighty (180) days dividends on the amount withdrawn. There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty. A 10% Federal Withholding penalty may apply if you make a withdrawal from Traditional and Roth IRA s prior to you reaching age 59 ½. Withdrawals of Dividends Prior to Maturity. The Annual Percentage Yield is based on the assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. Automatically Renewable Account. This account will automatically renew at maturity. You will receive a renewal notice and a 10-day grace period. American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY.

10 10 Agreements and Disclosures Taleris Credit Union, Inc. INTERNET AND ELECTRONIC ACCOUNT ACCESS AGREEMENTS & DISCLOSURES I. ELECTRONIC SIGNATURE (E-SIGN) ELECTRONIC FUNDS TRANSFER SERVICES (EFTS) The following agreements and disclosures are required by Federal Law and outline the rights and responsibilities of Taleris Credit Union, Inc. (TCU) and you the Depositor/ Member regarding your Electronic Signature (E-SIGN) Funds Transfer Services (EFTS) EFTS include Direct Deposit, use of your TCU24 ATM card, TCU MasterMoney debit card, Bill Payment as well as Audio Account Access, Teller24e (Personal Computer PC access), Mobile Banking (mobile device access) and other similar electronic access. See Section III 1.a below for computer hardware and software require-ments. In this Agreement, TCU, we, us, or our means Taleris Credit Union, Inc. now and in the future Depositor, Member, you or your means the person for whom this electronic signature is recorded and/or in whose name the TCU24 ATM card, TCU MasterMoney debit card or other electronic account access is issued or authorized. The TCU24 ATM card and TCU MasterMoney debit card are referred to as the card or cards. Line of credit means your MOD (Money On Demand) credit line. Payee means anyone, including TCU, you designate as a Payee for Bill Pay. Access to your account(s) through other electronic means includes your electronic signature, Teller 24e, Bill Pay and Mobile Banking and is referred to as electronic access. By providing an electronic signature, you consent and agree that by selecting an item, button, or similar act/action while using any electronic service we offer: or in accessing or making any transactions concerning any document, agreement, acknowledgement, consent, term disclosure or condition constitutes your signature, acceptance and agreement as is actually signed by you in writing and is legally binding. You understand and agree that your E-Signature executed in conjunction with the electronic submission of your application will be legally binding and such transaction will be considered authorized by you. You are responsible for maintaining the information necessary for TCU to electronically contact you directly. You have the right to receive a record in paper or non-electric form (see schedule of service charges). You may withdraw your consent for using an electronic signature to apply for a membership/ account or service by terminating the application process. Once the membership/account or service is established, you may terminate this agreement by written notice to TCU, however you are obligated for any transactions in process at the time such termination notice is received by TCU. TCU reserves the right to designate specific transactions. You are required to have a password for service and accept, agree to and be bound by all of the applicable terms, con-ditions, agreements and disclosures for the accounts and services provided by TCU. Use of the card(s), Bill Pay or any other electronic access is also subject to the terms and conditions of the agree-ment(s), disclosures and other documents in effect from time to time governing your Checking, Savings or Loan Ac-count(s) collectively called Accounts, to which there is electronic access. You are solely responsible for controlling the safekeeping of and access to, your log in ID and password for Teller 24e, Mobile Banking and Bill Pay. You are liable for all transactions you make or that you authorize another person to make even if that person exceeds his or her authority. If you want to terminate another person s authority, you must notify TCU and arrange to change your log in ID and password. Each person who requests, receives, signs, uses or authorizes another to use a card, PIN (Personal Identification Number) or password for electronic access hereby accepts liability for all transactions made and agrees the terms and conditions set forth in this Internet and Electronic Account Access Agreement & Disclosure: A. Electronic Statement, disclosure and Notice Authorization You may receive the delivery of electronic statements, consumer disclosures and notices electronically or in paper form, but not both. You have the option of having the electronic delivery and receipt of all consumer disclosures, notices, and statements provided to you in electronic form and accessible via Teller 24e. This consent to receive electronic disclosures applies to all consumer disclosures, notices and statements provided to you by Taleris Credit Union, Inc. (TCU). In order to consent to the electronic delivery and receipt of consumer disclosures, notices, statements and any other documents that would otherwise be provided to you in paper form, you will need the hardware and software listed in III B I a, be-low. You understand that by electing to receive the statements, consumer disclosures and notices electronically, TCU will discontinue delivery of your paper statement, via U.S. mail after the second month that the statement is available via Teller 24e.com. You must inform TCU of any changes to your address. You also understand that you have the option to receive the aforementioned documents (consumer disclosures, no-tices and statements) in paper form if you so choose, and you may withdraw consent to receive electronic documents at any time. Please see the TCU Schedule of Service Charges at taleriscu.org for any fees associated with receiving these documents in paper form. If you withdraw your consent for electronic delivery, consumer disclosures, notices and statements will be provided to you in paper form. To withdraw your consent for electronic delivery, change your address with TCU, or to request paper copies of electronic consumer disclosures, notices and statements, please support@taleris cu.org. See the TCU Schedule of Service Charges at taleriscu.org for any fees associated with receiving these documents or copies of these documents, in paper form. If you have any questions regarding these options, contact Member Services at in-fo@taleriscu.org or by calling or II. CARD ACCESS When you receive your card and PIN (Personal Identification Number) you may use the account(s) tied to your ATM card to conduct ATM transactions and with a Debit Card you may conduct ATM transactions and Point of Sale Transac-tions. A. ATM Transactions. You may use your card and PIN to access your accounts related to your card at any STAR, Co-Op, CU24, CIRRUS or MAESTRO ATM locations. You may use your card and PIN to perform the following types of transactions: 1. Withdraw cash from Checking, or Savings 2. Make deposits 3. Transfer funds between your Checking and Savings Accounts 4. Obtain a cash advance on your MOD (Money on Demand) line-of-credit 5. Get your balance on a Checking, Savings or MOD Account. Your ability to perform the transactions set forth above depends on the location and type of ATM you are using and the network through which the transaction is being performed. A specific ATM may not perform or permit all of the above transactions. Transactions at non-tcu owned ATMs may be subject to a surcharge. B. Point-of-Sale Transactions (Debit Card). You may use your Debit Card to purchase goods and services from merchants who have agreed to accept the card as a means of payment. Purchases made with your card are referred to as Point-of-Sale (POS) transactions and will be charged against your Checking Account (See X Fees and Charges for related exchange and fee rate information). 1. The TCU MasterMoneyTM debit card can be used for most Point-of-Sale transactions at most merchant loca-tions where you see the STAR Co-op, CU24 or CIRRUS /MAESTRO logos displayed. This type of transaction requires the PIN be entered and withdraws from your Checking Account immediately. NOTE: The TCU MasterMoneyTM debit card can also be used for transactions, wherever you see the Master-Card logo. This transaction may require your signature and will be charged to your Checking Account. C. Daily Dollar Limits. The ATM cash withdrawal limits are separate from the Point-of-Sale (POS) limits approved for you.