Truth In Savings Disclosure

Variable Rate Accounts
The dividend rate and annual percentage yield may change every quarter as determined by the credit union's board of directors.

Compounding
Dividends will be compounded and credited quarterly.  The dividend period is a quarter.  The beginning date of the first dividend period of the calendar year is January 1 and ending date is March 31.  All other dividends follow this pattern of dates.  The dividend payment date follows the end of a dividend period, for example, April 1.  The dividend declaration date is the date the credit union's board of directors declares a dividend for the proceeding dividend period.

Minimum Balance Requirements
To join this credit union you must purchase a $25.00 share.
Share Account:  To earn the stated APY, you must have a $100 minimum average daily balance.
Laclede Liquidity:  To earn the stated APY, you must have a $2,500 minimum average daily balance.

How Dividends Are Calculated
Dividends are calculated using the average daily balance method.  This method 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.  Dividends begin to accrue on cash and non-cash deposits, such as checks, on the business day you make your deposit.

Certificate of Deposit
Truth In Savings Disclosure

Interest Rate and APY (Annual Percentage Yield)
Rates are determined by the amount of your deposit and the term of the certificate chosen.  The Annual Percentage Yield is a percentage rate that shows the total amount of interest, based on the interest rate and the frequency of compounding for a 365-day period.  This rate is fixed for the term of your certificate.

Compounding
Interest will be compounded and credited quarterly.  The interest period is a quarter.  The quarter begins on the day you purchase your certificate.

Early Withdrawal Penalties
We may impose  a penalty if you withdraw any of the principal before the maturity date.  A penalty of 3 months interest will be imposed on all terms.

Minimum Balance Requirements
To open this account, you must have a minimum amount of $1,000.

How Interest Is Calculated
Interest is calculated using the average daily balance method.  This method 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.

Transaction Limitations
Additional deposits are permitted at any time during the term of the certificate.  A withdrawal of interest will reduce your earnings.

Renewal Policy
Your certificate will automatically renew at maturity for the term equal to the original term.  You will have a grace period of 10 days after the maturity date to withdraw funds without being charged an early withdrawal penalty.

Accrual of Interest
Interest will begin to accrue upon opening the certificate of deposit.

Transaction Limits

Share Accounts:  During any month, 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 pre-authorized or automatic transfer or telephone order or institution.  No more than three of the six transfers may be made by check 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.

Laclede Liquidity:  You are permitted no more than three withdrawals from this account per quarter.

Christmas Club:  Withdrawals are permitted, but you will incur a $5.00 fee for each withdrawal made after the first six days of opening the account.

Nature of Dividends

Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Check Hold Policy

YOUR ABILITY TO WITHDRAW FUNDS AT LACLEDE FAMILY SAVINGS CREDIT UNION

Our policy is to allow you to withdraw funds deposited into your account on the next business day after the day we receive your deposit.  Every day, except Saturday, Sunday, and a federal holiday, is a business day.  Your deposit will be considered received; however, only on a day we are open for business.  For example, if you deposit on Thanksgiving, we consider the deposit made on Friday, the next day we are open for business.  And if you make your deposit after 3:30 PM on any given business day, we consider it made on the next business day.

Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

LONGER DELAYS MAY APPLY
We may delay your ability to withdraw funds deposited by check into your account an additional number of days for the following reasons:

1. If we believe that checks you are depositing are not collectable.
2. If you make deposits in any one day that exceeds $5,000.00.
3. If you re-deposit a check that has been returned unpaid.
4. If you have overdrawn your account three or more times in the last six months.

We will notify you if we do this and tell you when you will be able to withdraw the funds.

In some additional cases, we may find it necessary to delay your ability to withdraw funds deposited into your account by check beyond the next business day.  When we do extend the delay, you may not withdraw-either in cash or by writing checks to others-more than the first $100 of the deposit until the hold expires.  The length of the delay will vary with the type of check you are depositing.  It may last as long as seven business days after the day of your deposit (counting the business day after the day of deposit as day one).

Anytime we decide to delay your ability to withdraw funds beyond the next business day, we will notify you at the time of your deposit, and we will specify the date on which you can begin to withdraw those funds.  If your deposit was made other than directly to a credit union employee, we will notify you by mail the day after we receive the deposit.

Special Rules For New Accounts
If your account has been open thirty days or less, we may further limit your ability to withdraw funds deposited by check, but only during the first thirty days.

You may still withdraw funds on the next business day after the day of your deposit, if you made the deposit in cash or by wire transfer.  You also have next-day availability for the following deposits if they meet certain requirements: government checks, cashiers checks, certified checks, tellers' checks, or travelers checks.  However, your withdrawals of these check deposits are limited to the first $5,000.00 of a day's total deposits.  The rest is available on the seventh day after the day of deposit.

If the credit union places a hold on any checks deposited in your account you will be notified.