Welcome to Louchem FCU - Truth-In-Savings, Rate and Fee Schedule

TRUTH-IN-SAVINGS
RATE & FEE SCHEDULE

The rates, fees, and charges applicable to your accounts with the Credit Union are set forth below. The Credit Union reserves the right to change the terms and conditions of these accounts from time to time without notice to you unless provided by law.

PRIME SHARE SAVINGS

Compounding and Crediting

Dividends are compounded monthly and credited to your account monthly.
If you close your account before the accrued dividends are credited, the dividend will not be paid.

Minimum Balance Requirements

You must deposit a minimum of $5 to open this account.
You must maintain a minimum of $5 in the account to earn dividends.

Fees

Fees may be charged on your account. See Fee Schedule below.

Transaction Limitations

You may make 6 transfers from your account, but only 3 may be payments by check to third parties. There are no limitations governing checks withdrawn at any branch office, as well as no limitations governing ATM transactions.

SHARE DRAFT ACCOUNTS

Compounding and Crediting

There are no dividends paid on share draft accounts.

Minimum Balance Requirements

There are no minimum balance requirements on this account.

Fees

No monthly maintenance fees.
Other fees may be charged on your account. See Fee Schedule below.

Transaction Limitations

You may make unlimited transactions on your account each month.

MONEY MARKET ACCOUNTS

Compounding and Crediting

Dividends are compounded monthly and credited to your account monthly.
If you close your account before the accrued dividends are credited, the dividend will not be paid.

Minimum Balance Requirements

You must deposit a minimum of $2,500 to open this account.
You must maintain an average daily balance of $1,000 in the account to earn dividends.

Fees

No monthly maintenance fees.
Other fees may be charged on your account. See Fee Schedule below.

Transaction Limitations

You may make 6 transfers from your account, but only 3 may be payments by check to third parties. There are no limitations governing checks withdrawn at any branch office, as well as no limitations governing ATM transactions.

SPECIAL SAVINGS

Compounding and Crediting

Dividends are compounded monthly and credited to your account monthly.
If you close your account before the accrued dividends are credited, the dividend will not be paid.

Minimum Balance Requirements

You must deposit a minimum of $5 to open this account.
You must maintain a minimum of $5 in the account to earn dividends.

Fees

Fees may be charged on your account. See Fee Schedule below.

Transaction Limitations

You may make 6 transfers from your account, but only 3 may be payments by check to third parties. There are no limitations governing checks withdrawn at any branch office, as well as no limitations governing ATM transactions.

CHRISTMAS SAVINGS

Compounding and Crediting

Dividends are compounded monthly and credited to your account monthly.
If you close your account before the accrued dividends are credited, the dividend will not be paid.

Minimum Balance Requirements

You must deposit a minimum of $5 to open this account.
You must maintain a minimum of $5 in the account to earn dividends.
If any withdrawal is made from this account prior to October 31 in any given year, then the account may be closed.

Fees

Fees may be charged on your account. See Fee Schedule below.

Transaction Limitations

You may make 6 transfers from your account, but only 3 may be payments by check to third parties. There are no limitations governing checks withdrawn at any branch office, as well as no limitations governing ATM transactions.

IRA SAVINGS ACCOUNT

Compounding and Crediting

Dividends are compounded monthly and credited to your account monthly.
If you close your account before the accrued dividends are credited, the dividend will not be paid.

Minimum Balance Requirements

You must deposit a minimum of $5 to open this account.
You must maintain a minimum of $5 in the account to earn dividends.

Fees

Fees may be charged on your account. See Fee Schedule below.

Transaction Limitations

The transaction limitations on IRA accounts are governed by separate regulation and will be supply to you upon specific request for IRA information.

SHARE CERTIFICATES

Compounding and Crediting

Dividends are compounded daily and credited to your account either monthly, quarterly, or at maturity according to the following:
If the dividend period is monthly, for example, and the account is opened January 1, the beginning date for the first dividend period is January 1, and the ending date of such dividend period is January 31; or, for example, if the dividend period is quarterly and the account is opened January 1, the beginning date for the first dividend period is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates until maturity when the final dividend would be credited.

Minimum Balance Requirements

You must deposit a minimum of $500 to open this account.
You must maintain a $500 minimum daily balance to maintain the account.

Fees

Fees may be charged on your account. See Fee Schedule below.

Transaction Limitations

After the account is opened, you may not make deposits into the account until the maturity date stated on the certificate.

Early Withdrawal Penalties We may impose a penalty if you withdraw any funds other than dividends before the maturity date. If the withdrawal will lower the balance of the share certificate lower than the minimum stated on the share certificate, then the share certificate will be cancelled.
If the withdrawal does not lower the balance below the minimum stated on the share certificate, then the certificate may remain in effect for the remaining balance.
A penalty will be imposed by the forfeiture of the smaller of: dividends accrued since issuance or renewal; or 90 days dividends for terms less than 1 year; or 180 days dividends for terms of 1 year or greater. In certain cases specified in federal regulations, penalties shall not apply.

Renewal Policies

Your share certificate will automatically renew at maturity.

IRA SHARE CERTIFICATES

Compounding and Crediting

Dividends are compounded daily and credited to your account either monthly, quarterly, or at maturity according to the following:
If the dividend period is monthly, for example, and the account is opened January 1, the beginning date for the first dividend period is January 1, and the ending date of such dividend period is January 31; or, for example, if the dividend period is quarterly and the account is opened January 1, the beginning date for the first dividend period is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates until maturity when the final dividend would be credited.

Minimum Balance Requirements

You must deposit a minimum of $500 to open an IRA Share Certificate.
You must maintain the above stated minimum daily balance to maintain the account.

Fees

Fees may be charged on your account. See Fee Schedule below.

Transaction Limitations

After the account is opened, you may not make deposits into the account until the maturity date stated on the share certificate.

Early Withdrawal Penalties

We may impose a penalty if you withdraw any funds other than dividends before the maturity date, unless the withdrawal is allowable under federal regulation.
If the withdrawal will lower the balance of the share certificate lower than the minimum stated on the share certificate, then the share certificate will be cancelled.
If the withdrawal does not lower the balance below the minimum stated on the share certificate, then the certificate may remain in effect for the remaining balance.
A penalty will be imposed by the forfeiture of the smaller of: dividends accrued since issuance or renewal; or 90 days dividends for terms less than 1 year; or 180 days dividends for terms of 1 year or greater. In certain cases specified in federal regulations, penalties shall not apply.

Renewal Policies

Your share certificate will automatically renew at maturity.

THE FOLLOWING DISCLOSURES APPLY TO ALL OF THE ACCOUNTS.

Rate Information: Your dividend rate and annual percentage rate may change at any time, at our discretion.

Nature of dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Dividend Rate and APY are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.

Compounding and Crediting: The Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.

Balance Computation Method: We use the daily balance method to calculate dividends on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Dividends: Dividends will begin to accrue on the business day you deposit non-cash items (i.e., checks) to your account.

INTERNET BANKING

No monthly fee, no per transaction fee, and unlimited access via your PC and the Internet. www.louchemfcu.org

OTHER FEES

ITEMIZED SERVICE FEES

Membership Fee FREE

Draft NSF Fee (Effective 6/1/2005) $23.00 ea.

Draft Stop Payment Fee $5.00 ea.

NSF Draft Stop Payment Fee FREE

Share Draft Copy Fee $5.00 ea.

Draft Printing Fee Prices Vary

Debit/ATM Card Application Fee FREE

ATM Card/PIN Replacement Fee FREE

ATM Overdraft Fee (Effective 6/1/2005) $23.00 ea.

ACH NSF Fee (Effective 6/1/2005) $23.00 ea.

ACH Stop Payment Fee $10.00 ea.

Domestic Wire Transfer Fee $ 3.00 incoming
$10.00 outgoing

International Wire Transfer Fee $30.00 ea.

Money Order Fee $1.00 ea.

Travelers Checks Fee: Single 1% of purchase
Dual 1.5% of purchase

Certified Check Fee $5.00 ea.

Cashier's Check Fee FREE

Records Copy Fee (Statements, histories, etc.) $1.00 ea.

Returned Check Fee (For Personal checks drawn on another financial institution) $20.00 ea.

Research/Reconciliation Fee (One hour minimum - No charge if error by Louchem) $20.00 hr.

Garnishment/Levy Fee $25.00 ea.

Removing Joint Owner Fee FREE

Loan Application Fee FREE

VISA Card/PIN Replacement Fee FREE

Dormant Account Fee (Effective 6/1/2005) $5.00/QTR

AGGREGATED TRANSACTION FEES

ATM Transaction Fee (per membership account)

First 4 of a calendar month FREE

Excess of 4 in a calendar month
(Transactions include cash and transfer withdrawals and account balance inquiries. No fee for deposits or purchases.) $0.75 per use

Excessive Withdrawal Fee (per Prime Shares, Vacation, Christmas, Special or Insurance Accounts)
(Cash and check withdrawal transactions) FREE

CUSC Service Fee (per membership account)
(Cash, check, and transfer withdrawals, and cash back on deposits)

First 10 of a calendar month FREE

Excess of 10 in a calendar month $2.00 ea

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