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Important information for our members

SHARE SAVINGS ACCOUNT

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

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 share account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements:

The minimum required to open this account is the purchase of a share in the credit union. Please see the bylaw requirements in the Common Features section for additional information.

You must maintain a minimum daily balance of $100.00 in your account to avoid a monthly maintenance fee. If, during any calendar month, your daily balance is below the required minimum, your account will be subject to a monthly maintenance fee for that calendar month. For fees and charges please refer to the credit union fee schedule. This fee will not apply to members under 18 years of age; to members with any other deposit account; to members with an active loan account; or to members who have direct deposit.

You must maintain a minimum average daily balance of $100.00 in your account to obtain the disclosed annual percentage yield.

Average daily 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. 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. The period we use is the calendar month.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer or telephonic order or instruction. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.

Par value of a share:

The par value of a share in this account is $5.00.

KIRBY KANGAROO SAVINGS CLUB ACCOUNT (Under 13 years of age)

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

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 share account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements:

You must maintain a minimum average daily balance of $5.00 in your account to obtain the disclosed annual percentage yield.

Average daily 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. 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. The period we use is the calendar month.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer, telephonic order or instruction, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.

CU SUCCEED SAVINGS CLUB ACCOUNT (Teenagers up to age 18)

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

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:

You must maintain a minimum average daily balance of $5.00 in your account to obtain the disclosed annual percentage yield.

Average daily 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. The period we use is the calendar month.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, computer transfer, or telephonic order or instruction, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.

HERITAGE CHECKING ACCOUNT

Minimum balance requirements:

The minimum balance required to open this account is $25.00.

Transaction limitations:

No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Additional Features:

A withdrawal shall be deemed to be made when it is recorded on our books, which is not necessarily the date that you initiated the transaction.

FIRST CHOICE CHECKING ACCOUNT

Minimum balance requirements:

The minimum required to open this account is the purchase of a share in the credit union. Please see the bylaw requirements in the Common Features section for additional information.

Transaction limitations:

No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Fees and charges:

Please see our separate fee schedule for additional information about the charges in this account.

Additional Features:

A withdrawal shall be deemed to be made when it is recorded on our books, which is not necessarily the date that you initiated the transaction.

CU SUCCEED CHECKING ACCOUNT

(Teenagers up to age 18) Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

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 required to open this account is the purchase of a share in the credit union. Please see the bylaw requirements in the Common Features section for additional information.

Average daily 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. The period we use is the calendar month.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Additional Features:

A parent or guardian must be added as a joint member.

BUSINESS CHECKING ACCOUNT

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

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 share account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements:

The minimum required to open this account is the purchase of a share in this credit union. Please see the bylaw requirements in the Common Features section for additional information. You must maintain a minimum daily balance of $100.00 in your account to avoid a monthly maintenance fee. If, during any calendar month, your daily balance is below the required minimum, your account will be subject to a monthly maintenance fee for that calendar month. For fees and charges please refer to the credit union fee schedule. You must maintain a minimum average daily balance of $5,000.00 in your account to obtain the disclosed annual percentage yield.

Average daily 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. 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. The period we use is the calendar month.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Additional Features:

A withdrawal shall be deemed to be made when it is recorded on our books, which is not necessarily the date that you initiated the transaction.

SHARE DRAFT PROGRAM

First Heritage Federal Credit Union is authorized by the National Credit Union Administration to provide members with drafts to be used to withdraw funds from savings accounts. These drafts may be made payable to third parties and presented wherever they are accepted for cash, services, or merchandise.

We intend our program to meet all tests for financial soundness, legality, and superior service to our members. Members accepted for this service may be requested from time to time - and are always invited - to provide information, comments, or suggestions relating to their personal experience with the program. This is to assure that any problems can be resolved promptly and improvements instituted.

The following features of the service are important and should be carefully noted by members using it:

  1. Nature of the Account. To open a share draft account you must be a member with a regular savings Each member will be provided with books of share drafts. Under each draft, there is a carbonless form which registers all the information written on the draft itself, in addition to a self-balancing section. These copies should be retained for reconciliation purposes. They can be retained in place as they are written or stored in the pocket provided.
  2.  Statements. The Credit Union will send you a monthly statement showing transactions in the account. This monthly statement can be used for reconciliation purpose. You lose your right to object to the statement unless you notify the Credit Union in writing of the errors within (60) days following the day the statement is mailed. Please refer to the Important Account Information for Our Members (Terms and Conditions) brochure for a full description of discrepancy notification time frames.
  3. Paid Drafts. Paid drafts will not be returned. They will be microfilmed as a permanent record by the financial institution which processes the share drafts for the Credit Union. It is considered unnecessary to return paid drafts, since they can be reconciled by using the Proof of payment can be established by receipt from the payee or by obtaining a microfilm copy (available through the Credit Union). This procedure should result in important benefits for members for two reasons:
    • It will save the Credit Union a great deal of expense, including handling and postage, which can reduce the costs of providing the
    • It will preserve the confidential nature of the service. No drafts are received or retained in the Credit Union office and no one but the member will know the reasons for which drafts are
  4. Overdrafts. You should take care to see that drafts are not written for funds which exceed the balance in the Share Draft Account. The Credit Union does not have to pay a share draft which exceeds the balance of collected funds in the account even if you have sufficient funds in one of your other accounts to cover the overdraft. If you do write a share draft which is for an amount which exceeds the balance of collected funds in the account, the Credit Union may, at its option, make withdrawals from other deposit accounts you have with the Credit Union in increments of fifty dollars ($50.00) or less to cover the share drafts that would have overdrawn the account. The Credit Union will not make a withdrawal from your share account which would reduce the amount in that account below five dollars ($5.00). The Credit Union may, at its option, return the share draft for insufficient funds or pay drafts that would take your account to a negative balance. The Credit Union can refuse to pay overdrafts, even if it has previously paid overdrafts on this account. You are responsible for depositing the funds to bring your account back to a positive balance situation. The Credit Union may charge a service charge against your Share Draft Account or any other of your accounts allowed by law, for any overdraft which it elects to cover under the above procedures. You must pay any court costs and legal expenses (including reasonable attorney’s fees) which the Credit Union incurs in connection with collecting any overdraft which it pays and is not repaid out of your deposit accounts.
  5. Charges. The service has been designed to eliminate or reduce to a minimum certain charges normally assessed for the provision of Share Draft Account services. For fees and charges please refer to the credit union fee schedule.
  6. Using the Share Draft Account. Funds may be withdrawn from the Share Draft Account only by using the share draft forms or debit cards. If other procedures are desired, please contact the Credit
  7. Deposits. Deposits are made in the same way as deposits to other share savings accounts, including payroll deduction, over-the-counter payment, pay-by-mail and DepositNow (remote deposit capture). In addition, account deposit tickets in the back of each book of drafts may be used.
  8. Withdrawals. The Share Draft Account is subject to the Credit Union’s right to require advance notice of withdrawal.
  9. Payments. The Credit Union is under no obligation to pay a share draft on which the date is more than 180 days old.
  10. Spoiled Drafts. If a draft is spoiled, the following procedure is Destroy the original, mark “VOIDED” on the carbon copy and retain the carbon copy. If you wish to retain the original, tear off or mutilate the signature section so that it cannot be used.
  11. Reordering Drafts. The cost of your drafts will be automatically deducted from your Share Draft
  12. Member Responsibility. Members are expected to use due care in using this service. If member control over the drafts is lost in any way, such as theft, loss, or unauthorized use, the Credit Union should be promptly notified so that protective measures can be
  13. Liability. The Credit Union is not liable for any action it takes in the collection of a deposit or a payment or withdrawal which results in a loss that is not the result of the Credit Union’s negligence.
  14. Direct Deposit. The program provides special advantages for members who use it for direct deposit including reducing concern about stolen, lost, or misplaced checks (just use drafts to pay bills or to redeem for cash as needed) and when you are out of town, checks come directly to us permitting you to write share drafts for immediate funds. Direct deposit is available for:
    • Paychecks. Members may deposit their whole paycheck into their Share Draft Account in any manner most convenient for them.
    • Social Security Payments. The United States Treasury Department encourages beneficiaries to arrange direct deposit of monthly payments.
    • Pension Checks. Arrangements may be made to have pension checks sent directly to the Credit Union for deposit in a Share Draft
MONEY MANAGER ACCOUNT

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

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.

Minimum balance requirements:

The minimum balance required to open this account is $2,500.00. You must maintain a minimum average daily balance of $2,500.00 in your account to obtain the disclosed annual percentage yield.

Average daily 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. 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. The period we use is the calendar month.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer, telephonic order or instruction, or by check, draft, debit card (if applicable), or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.

IRA SHARE ACCOUNT

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

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.

Minimum balance requirements:

No minimum balance requirements apply to this account.

Average daily 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. The period we use is the calendar month.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

You may not make any withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer, telephonic order or instruction, or similar order to a third party.

Fees and charges:

For fees and charges please refer to the credit union fee schedule.

HOLIDAY CLUB ACCOUNT

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

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 share account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements:

You must maintain a minimum average daily balance of $5.00 in your account to obtain the disclosed annual percentage yield.

Average daily 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. 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. The period we use is the calendar month.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

You may not make any withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer, telephonic order or instruction, or similar order to a third party.

VACATION CLUB ACCOUNT

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

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 share account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements:

You must maintain a minimum average daily balance of $5.00 in your account to obtain the disclosed annual percentage yield.

Average daily 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. 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. The period we use is the calendar month.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer or telephonic order or instruction. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.

KASASA CASH BACK ACCOUNT

Minimum balance to open the account - No minimum balance required to open this account.

Qualifications - To qualify for cash back on debit card purchases and receive reimbursements for the ATM fee surcharges, you must meet the following requirements per monthly qualification cycle:

  • Debit Cards: 12 debit card purchase transactions must post and settle to your account per monthly qualification cycle. Debit card transactions processed by merchants and received by us as ATM transactions do not count towards qualifying debit card Only debit card transactions processed by merchants and received by us as point-of-sale (POS) transactions count towards qualifying debit card transactions.
  • Electronic Statements: Be enrolled and receive your monthly account statement electronically. Please contact us for details on how to enroll. Must maintain a valid email address in our credit union
  • Have at least 1 (one) ACH transaction such as a monthly direct deposit of payroll or government benefit, bill payment or an electronic deposit/withdrawal.

Please note that transactions MUST post and settle to your account during the monthly qualification cycle. They may not be in a pending state to qualify as one of the qualifications. Transactions may take one or more banking days from the date the transaction was made to post and settle to an account.

Monthly qualification cycle - Monthly qualification cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle. If you do not meet the rewards criteria for six consecutive months, the account will be converted to a Heritage Checking Account. Terms and conditions for the Heritage Checking Account can be found in this Truth-in- Savings Disclosure.

Cash back rewards - If you have met your qualifications for the monthly qualification cycle, you will receive 2.00% cash back, up to an aggregate amount of $8.00 per monthly qualification cycle, on everyday debit card purchases totaling $400 or less that post and settle to your account during the monthly qualification cycle. The cash back rewards will be credited to your account on the last day of the statement cycle. However, if you have a Kasasa Saver account linked to your Kasasa Cash Back account, your cash back rewards will be deposited into your Kasasa Saver account on the last day of the statement cycle.

ATM fee reimbursement - If you have met your qualifications for the monthly qualification cycle, we will reimburse you for ATM fees imposed by other U.S. financial institutions up to an aggregate amount of $25.00 per monthly qualification cycle and deposit them into your account on the last day of the statement cycle. However, if you have a Kasasa Saver account linked to your Kasasa Cash Back account, any fee refunds will be deposited into your Kasasa Saver account on the last day of the statement cycle. ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 or higher will be reimbursed if the appropriate ATM receipt is presented to a representative at one of our branches. If you believe that you have not been reimbursed the correct amount, please contact us. Note: ATM withdrawals do not count as qualifying debit card transactions for purposes of earning rewards within this account. If you close your account, you will not receive reimbursements that have not yet been credited to your account.

Effect of closing account - If the account is closed before the rewards are credited to it, you will forfeit the final cash back reward.

Limitation on number of accounts - Limit one Kasasa Cash Back account per social security number.

Additional terms:

You will automatically qualify for the cash back rewards and the ATM fee reimbursements for the first statement cycle after account opening. If you convert from this account to the Kasasa Cash Account during the month, rewards will be credited based on the product that you were enrolled in at the end of the statement cycle. “Kasasa Cash Back” is a registered trademark of BancVue, Ltd., registered in the U.S.A.

KASASA CASH ACCOUNT

Rate Information - Your dividend rate and annual percentage yield may change.

Frequency of rate changes - We may change the dividend rate on your account at any time.

Determination of rate - At our discretion, we may change the dividend rate on your account.

The Annual Percentage Yield (APY) disclosed on the Kasasa Cash account assumes that the dividends earned in Kasasa Cash compounds; however, by choosing to have Kasasa Saver link to Kasasa Cash, you understand that the dividends earned in your Kasasa Cash account is automatically transferred into your Kasasa Saver account on the first business day of the following statement cycle and therefore does not remain in your Kasasa Cash account and does not compound. Additionally, you understand that the dividend amount earned in the Kasasa Saver account may be less than the dividend amount earned in the Kasasa Cash account.

Qualifications - To qualify for the Kasasa Cash preferred rates and receive reimbursements for the ATM fee surcharges, you must meet the following requirements per monthly qualification cycle:

  • Debit Cards: 12 debit card purchase transactions must post and settle to your account per monthly qualification cycle. Debit card transactions processed by merchants and received by us as ATM transactions do not count towards qualifying debit card Only debit card transactions processed by merchants and received by us as point-of-sale (POS) transactions count towards qualifying debit card transactions.
  • Electronic Statements: Be enrolled and receive your monthly account statement electronically. Please contact us for details on how to enroll. Must maintain a valid email address in our bank
  • Have at least 1 (one) ACH transaction such as a monthly direct deposit of payroll or government benefit, bill payment or an electronic deposit/withdrawal.

Please note that transactions MUST post and settle to your account during the monthly qualification cycle. They may not be in a pending state to qualify as one of the qualifications. Transactions may take one or more banking days from the date the transaction was made to post and settle to an account.

Compounding and crediting frequency - Dividends will be compounded every month and will be credited to your account every month on the last day of the statement cycle unless you also have a Kasasa Saver account, then dividends will not be compounded. Dividends will be credited to your Kasasa Cash account on the last day of the statement cycle and will be automatically transferred to your Kasasa Saver account on the first business day of the following statement cycle.

Minimum balance to open the account - No minimum balance required to open this account.

Daily balance computation method - We use the daily balance method to calculate the dividends on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of dividends on noncash deposits - Dividends begin to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Monthly qualification cycle - Monthly qualification cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle. Your account will be automatically qualified on that one day prior to the first day of the current statement cycle. What this means for you is if you did not qualify for the higher preferred rate, you might notice a slightly higher than the base rate APY earned on your statement due to the one day (the last day) being calculated with the higher preferred rate. If you do not meet the rewards criteria for six consecutive months, the account will be converted to a Heritage Checking Account. Terms and conditions for the Heritage Checking Account can be found in this Truth-in- Savings Disclosure.

ATM fee reimbursement - If you have met your qualifications for the monthly qualification cycle, we will reimburse you for ATM fees imposed by other U.S. financial institutions up to an aggregate amount of $25.00 per monthly qualification cycle and deposit them into your account on the last day of the statement cycle. However, if you have a Kasasa Saver account linked to your Kasasa Cash account, any fee refunds will be deposited into your Kasasa Cash account and automatically transferred to your Kasasa Saver account on the first business day of the following statement cycle. ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 or higher will be reimbursed if the appropriate ATM receipt is presented to a representative at one of our branches. If you believe that you have not been reimbursed the correct amount, please contact us. Note: ATM withdrawals do not count as qualifying debit card transactions for purposes of earning rewards within this account. If you close your account, you will not receive reimbursements that have not yet been credited to your account.

Limitation on number of accounts - Limit one Kasasa Cash account per social security number.

Additional terms:

You will automatically qualify for the preferred rates and the ATM fee reimbursements for the first statement cycle after account opening. If you convert from this account to the Kasasa Cash Back account, during the month, rewards will be credited based on the product that you were enrolled in at the end of the statement cycle. “Kasasa Cash” is a registered trademark of BancVue, Ltd., registered in the U.S.A.

KASASA SAVER ACCOUNT

This account can only be opened with a new or existing Kasasa Cash or Kasasa Cash Back account.

Rate Information - Your dividend rate and annual percentage yield may change.

Frequency of rate changes - We may change the dividend rate on your account at any time.

Determination of rate - At our discretion, we may change the dividend rate on your account.

Qualifications - To qualify for the Kasasa Saver preferred rates and receive reimbursements for the ATM fee surcharges, your linked Kasasa Cash or Kasasa Cash Back account must meet the following requirements per monthly qualification cycle:

  • Debit Cards: 12 debit card purchase transactions must post and settle to your account per monthly qualification cycle. Debit card transactions processed by merchants and received by us as ATM transactions do not count towards qualifying debit card Only debit card transactions processed by merchants and received by us as point-of-sale (POS) transactions count towards qualifying debit card transactions.
  • Electronic Statements: Be enrolled and receive your monthly account statement electronically. Please contact us for details on how to
  • Have at least 1 (one) ACH transaction such as a monthly direct deposit of payroll or government benefit, bill payment or an electronic deposit/withdrawal.

Please note that transactions MUST post and settle to your linked Kasasa Cash or Kasasa Cash Back account during the monthly qualification cycle. They may not be in a pending state to qualify as one of the qualifications. Transactions may take one or more banking days from the date the transaction was made to post and settle to an account.

Compounding and crediting frequency - Dividends will be compounded every month. Dividends will be credited to your account every month on the last day of the statement cycle. Also, if you have met your qualifications in the linked Kasasa Cash account for the monthly qualification cycle, the dividends earned on that account will be automatically transferred to your Kasasa Saver account on the first business day of the following statement cycle.

Minimum balance to open the account - No minimum balance required to open this account.

Daily balance computation method - We use the daily balance method to calculate the dividends on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of dividends on noncash deposits - Dividends begin to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations:

Transfers from a Kasasa Saver account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no transfers by check, draft, debit card, or similar order to third parties.

Monthly qualification cycle - Monthly qualification cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle. Your account will be automatically qualified on that one day prior to the first day of the current statement cycle. What this means for you is if you did not qualify for the higher preferred rate, you might notice a slightly higher than the base rate APY earned on your statement due to the one day (the last day) being calculated with the higher preferred rate. If you do not meet the rewards criteria for six consecutive months, the account will be converted to a Heritage Checking Account. Terms and conditions for the Heritage Checking Account can be found in this Truth-in- Savings Disclosure.

ATM fee reimbursement - If you have met your qualifications in the linked Kasasa Cash or Kasasa Cash Back account for the monthly qualification cycle, we will reimburse you for ATM fees imposed by other U.S. financial institutions that are charged against your linked Kasasa Cash or Kasasa Cash Back account, up to an aggregate amount of $25.00 per monthly qualification cycle, and transfer them into your Kasasa Saver account on the first business day of the following statement cycle (if you have a Kasasa Cash account) or deposit them into your Kasasa Saver account on the last day of the statement cycle (if you have a Kasasa Cash Back account). ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 or higher will be reimbursed if the appropriate ATM receipt is presented to a representative at one of our branches. If you believe that you have not been reimbursed the correct amount, please contact us. Note: ATM withdrawals do not count as qualifying debit card transactions for purposes of earning rewards within this account. If you close your account, you will not receive reimbursements that have not yet been credited to your account.

Limitation on number of accounts - Limit one Kasasa Saver account per social security number.

Additional terms:

The Kasasa Saver account is only offered in conjunction with either the Kasasa Cash or Kasasa Cash Back account. In the event that you close your Kasasa Cash or Kasasa Cash Back account, we reserve the right to close your Kasasa Saver account. “Kasasa Saver” is a registered trademark of BancVue, Ltd., registered in the U.S.A.

COMMON FEATURES

Bylaw requirements:

You must complete payment of one share in your Share Savings account as a condition of admission to membership.

Transaction limitation - We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings 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.

National Credit Union Share Insurance Fund - Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund.

Overdraft Fee Transaction Categories - The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: share draft, in- person withdrawal, ATM withdrawal, or other electronic means.

Please refer to our separate fee schedule for additional information about charges.