Understanding Your Deposit Account

Terms & Conditions Of Your Account

Agreement – This document, along with any other documents we give you pertaining to your account(s), is a contract that establishes rules which control your account(s) with us. Please read this carefully. If you sign the signature card or open or continue to have your account with us, you agree to these rules. You will receive a separate schedule of rates, qualifying balances, and fees if they are not included in this document. If you have any questions, please call us.

This agreement is subject to applicable federal laws and the laws of the state of Illinois (except to the extent that this agreement can and does vary such rules or laws). The body of state and federal law that governs our relationship with you, however, is too large and complex to be reproduced here. The purpose of this document is to:

1.) summarize some laws that apply to common transactions;
2.) establish rules to cover transactions or events which the law does not regulate;
3.) establish rules for certain transactions or events which the law regulates but permits variation by agreement; and
4.) give you disclosures of some of our policies to which you may be entitled or in which you may be interested.

If any provision of this document is found to be unenforceable according to its terms, all remaining provisions will continue in full force and effect. We may permit some variations from our standard agreement, but we must agree to any variation in writing either on the signature card for your account or in some other document.

As used in this document the words, “we”, “our,” and “us” mean the financial institution and the words “you and “your” mean the account holder(s) and anyone else with the authority to deposit, withdraw, or exercise control over the funds in the account. The headings in this document are for convenience or reference only and will not govern the interpretation of the provisions. Unless it would be inconsistent to do so, words and phrases use in this document should be construed so the singular includes the plural and the plural includes the singular.

Liability – You agree, for yourself (and the person or entity you represent if you sign as a representative of another) to the terms of this account and the schedule of charges. You authorize us to deduct these charges directly from the account balance as accrued. You will pay any additional reasonable charges for services you request, which are not covered by this agreement.

Each of you also agrees to be jointly and severally (individually) liable for any account shortage resulting from charges or overdrafts, whether caused by you or another with access to this account. This liability is due immediately, and can be deducted directly from the account balance whenever sufficient funds are available. You have no right to defer payment of this liability, and you are liable regardless of whether you signed the item or benefited from the charge or overdraft. This includes liability for our costs to collect the deficit including, to the extent permitted by law, our reasonable attorneys’ fee.

Deposits – We will give only provisional credit until collection is final for any items, other than cash, we accept for deposit (including items drawn “on us”). Actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars. We are not responsible for transactions by mail or outside depository until we actually record them. We will treat and record all transitions received after our “daily cutoff time” on a business day we are open, or received on a day we are not open for business, as if initiated on the next following business day that we are open.

Withdrawals - Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs in the space designated for signatures on the signature card may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person signing the signature card to endorse any item payable to you or your order for deposit to this account or any other transaction with us. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we may treat continued abuse of the state limitation (if any) as your act of closing the account. We will use the date the transaction is composed by us (as opposed to the date you initiate it) to apply the frequency limitation. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For these account for which our funds availability policy disclosure does not apply, you can ask us when your make a deposit when those funds will be available for withdrawal.

We may require not less than 7 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. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.

Ownership Of Account And Beneficiary Designation – These rules apply to this account depending on the form of ownership and beneficiary designation, if any, specified on the account records. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds.

Individual Account – is an account in the name of one person.

Joint Account – With Survivorship (And Not A Tenants In Common) – is an account in the name of two or more persons. Each of you intend that when you die the balance in the account (subject to any previous pledge to which we have agreed) will belong to the survivor(s). If two or more or you survive, you will own the balance in the account as joint tenants with survivorship and not as tenants in common.

Join Account – No Survivorship (As Tenants In Common) – is owned by two or more person, but none of you intend (merely by opening this account) to create any right of survivorship in any other person. We encourage you to agree and tell us in writing of the percentage of the deposit contributed by each of you. This information will not, however, affect the “number of signatures” necessary for withdrawal.

Revocable Trust or Pay-On-Death Account – If two or more of you create this type of account you won the account jointly with survivorship. Beneficiaries of either of these account types cannot withdraw unless: (1) all persons creating the account die, and (2) the beneficiary is then living. If two or more beneficiaries are named and survive the death of the owner(s) of the account, such beneficiaries will own this account in equal shares, without right or survivorship. The person(s) creating either a Pay-On-Death or Revocable Trust account reserves the right to: (1) change beneficiaries, (2) change account types, and (3) withdraw all or part of the account funds at any time.

Business Accounts – Earnings in the form of interest, dividends, or credits will be paid only on collected funds, unless otherwise provided by law or our policy. We may require the governing body of the legal entity opening the account to give us a separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we actually receive written notice of a change from the governing body of the legal entity.

Stop Payment – You must make any stop-payment order in the manner required by law and we must receive it in time to give us a reasonable opportunity to act on it before our stop payment cutoff time. To be effective, your stop-payment order must precisely identify the number, date and amount of the item, and the payee.

You may stop payment on any item drawn on your account whether you sign the item or not, if you have an equal or greater right to withdraw from this account than the person who signed the item. A release for the stop-payment request may be made only by the person who initiated the stop-payment order.

Our stop-payment cutoff time is one hour after the opening of the next banking day after the banking day on which we receive the item. Additional limitations on our obligation to stop payment are provided by law (e.g., we paid the item in cash or we certified the item).

Telephone Transfers – A telephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. Unless a different limitation is disclosed in writing, we restrict the number or transfers from a savings account to another account or to third parties, to a maximum of six per moth ) less the number of “pre-authorized transfers” during the month). Other account transfer restrictions may be described elsewhere.

Amendments And Termination – We may change any term of this agreement. Rules governing changes in interest rates are provided separately. For other changes, we will give you reasonable notice in writing or by any other method permitted by law. We may also close this account at any time upon reasonable notice to you and tender of the account balance personally or by mail. Notice form us to anyone of you is notice to all of you.

Statements – You must examine your statement of account with “reasonable promptness.” If you discover (or reasonably should have discovered) any unauthorized signatures or alterations, you must promptly notify us of the relevant facts. As between you and us, if you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we substantially contributed to the loss.) The loss could be not only with respect to items on the statement but other items with unauthorized signatures or alterations by the same wrongdoer.

You agree that the time you have to examine your statement and report to us will depend on the circumstances, but will not, in any circumstance, exceed a total of 30 days from when the statement is first sent to made available to you.

You further agree that if you fail to report any unauthorized signatures, alterations, forgeries, or any other errors in your account within 60 days of when we first send or make the statement available, you cannot assert a claim against us on any items in that statement, and as between you and us the loss will be entirely yours. This 60-day limitation is without regard to whether we used ordinary care. The limitation in this paragraph is in addition to that contained in the first paragraph of this section.

Account Transfer – This account may not be transferred or assigned without our prior written consent.

Direct Deposits – If, in connection with a direct deposit plan, we deposit any amount in an account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability.

Temporary Account Agreement – If this option is selected, this is a temporary account agreement. Each person who signs in the space designated for signatures on the signature card (except as indicated to the contrary) may transact business on this account. However, we may at some time in the future restrict or prohibit further use of this account if you fail to comply with the requirements we have imposed within a reasonable time.

Setoff – We may (without prior notice and when permitted by law) set off the funds in this account against any due and payable debt you owe us now or in the future, by any of you having the right of withdrawal, to the extent of such person’s or legal entity’s right to withdraw. If the debt arises from a note, “any due and payable debt” includes the total amount of which we are entitled to demand payment under the terms of the note at the time we set off, including any balance the due date for which we properly accelerate under the note.

This right of setoff does not apply to this account if: (a) it is an IRA or other tax deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan (but this does not affect our rights under any consensual security interest), or (c) the debtor’s right of withdrawal only arises in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we set off a debit against this account. You agree to hold us harmless from any claim arising as a result of our exercise of our right to setoff.

Authorized Signer (Individual Accounts Only) – A single individual is the owner. The authorized signer is merely designated to conduct transactions on the owner’s behalf. We undertake no obligation to monitor transactions to determine that they are on the owner’s behalf.

Restrictive Legends – We are not required to honor any restrictive legend on checks you write unless we have agreed in writing to the restriction. Examples of restrictive legends are “must be presented within 90 days or “not valid for more than $1,000.00.”

ACH And Wire Transfers – This agreement is subject to Article 4A of the Uniform Commercial Code – Fund Transfers as adopted in the state in which you have your account with us. If you originate a fund transfer for which Fedwire is used, and you identify by name and number a beneficiary financial institution, and intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may rely on the identifying number to make payment. We may rely on the number even if it identifies a financial institution, person or account other than the one named. You agree to be bound by automated clearing house association rules. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4-A-403(a) of the Uniform Commercial Code. If we do not receive such, we are entitled to a refund from you in the amount credited to you account and the party originating such payment will not be considered to have paid the amount so credited. If we receive a credit to an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit.

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Electronic Fund Transfers Your Rights & Responsibilities

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.

Electronic Funds Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic funds transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearinghouse (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. In some cases, your authorization can occur when the merchant posts a sign informing you of their policy. In all cases, the transaction will require you to provide the third party with your account number and bank information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your bank and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized in initiate these electronic funds transfers. Examples of these transfers include, but are not limited to:

· Preauthorized Credits. You may make arrangements for certain direct deposits to be accepted into your checking or saving account(s).
· Preauthorized Payments. You may make arrangements to pay certain recurring bills from your checking account(s).
· Electronic Check Conversion. You may proved your check to a merchant or service provider who will scan the check for the encoded bank and account information. The merchant or service provider will then use this information to convert the transaction into an electronic funds transfer. This may occur at the point of purchase, or when you provide your check by other means such as by mail or drop box.
· Electronic Returned Check Charge. Some merchants or service providers will initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.

Easy Access Telephone Transfers – types of transfers – You may access your account by telephone 24 hours a day by dialing 1-877-472-9294 using a touch tone phone, your personal identification number, and account number(s), to:

· Transfer funds from checking to checking
· Transfer funds from checking in savings
· Transfer funds from saving to checking
· Transfer funds from savings to savings
· Make payments from checking to loan accounts with us
· Make payments from saving to loan account with us
· Get information about:

The account balance of checking account(s)
The last six deposits to checking accounts
The last six withdrawals from checking accounts
The account balance of savings account(s)
The last six deposits to savings accounts
The last six withdrawals from savings accounts

ATM Transfers – types of transfers, dollar limitations and charges – You may access your account(s) by ATM using your ATM card and your personal identification number to:

· Get cash withdrawals from checking account(s) with an ATM card.

Dollar limits will be disclosed in writing at card issuance.
There is a charge of $2.00 per withdrawal at ATMs we do not own or operate.

· Get cash withdrawals from savings account(s) with an ATM card.

Dollar limits will be disclosed in writing at card issuance.
There is a charge of $2.00 per withdrawal at ATMs we do not own or operate.
Some of these services may not be available at all terminals.

Fees

· We do not charge for direct deposits to any type of account.
· We do not charge for preauthorized payments from any type of account.
· We will charge $5.00 to replace a lost ATM card.

Except as indicated elsewhere, we do not charge for these electronic fund transfers.

ATM Operator/Network Fees. When you use an ATM not owned by us, you may be charged a fee by the ATM operator, or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).

Documentation

· Terminal Transfers. You can get a receipt at the time you make any transfer to or from your account using one of our automated teller machines or point-of-sale terminals.
· Preauthorized Credits. If you have arranged to have direct deposits make to your account at least once every 60 days from the same person or company, the person or company making the deposit will tell you every time they send us the money.
· Preauthorized Credits. If you have arranged to have direct deposits make to your account at least once every 60 days from the same person or company, you can call us at (217) 594-2221 to find out whether or not the deposit has been made.
· Periodic Statements. You will get a monthly account statement from us for your checking accounts. You will get a quarterly account statement from us for your saving accounts, if the only possible electronic transfers to or from the account are preauthorized credits.

Preauthorized Payments

Right to stop payment and procedure for dong so. If you have told us in advance to make regular payments out or your account, you can stop any of these payments. Here is how:

Call or write us at the telephone number or address listed in this brochure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.

We will charge you $25.00 for each stop-payment order you give.

Notice of varying amounts. If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)

Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

Financial Institution’s Liability

Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

1. If, through no fault of ours, you do not have enough money in your account to make the transfer.
2. If you have an overdraft line and the transfer would go over the credit limit.
3. If the automated teller machine where you are making the transfer does not have enough cash.
4. If the terminal or system was not working properly and you know about the breakdown when you started the transfer.
5. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precaution that we have taken.
6. There may be other exceptions stated in our agreement with you.

Confidentiality

We will disclose information to third parties about your account or the transfers you make:

1. Where it is necessary for completing transfers; or
2. In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
3. In order to comply with government agency or court orders; or
4. As explained in the separate Privacy Disclosure.

Unauthorized Transfers

(a) Consumer Liability. Tell us AT ONCE if you believe your card and/or code has been lost or stolen. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days, you can lose no more than $50 if someone used your card and/or code with out your permission. (If you believe your card and/or code has been lost or stolen, and you tell us with 2 business days after you learn of the loss or theft, you can lose not more than $50 if someone used your card and/or code without your permission.)

If you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code, without your permission if you had told us, you could lose as much as $500.

Also, if your statement shows a transfers that you did not make, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time.

If a good reason (such as a long trip or a hospital stay) kept you form telling us, we will extend the time periods.

(b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed in this brochure.

Error Resolution Notice

In case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed in this brochure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared.

1. Tell us your name and account number (if any).
2. Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
3. Tell us the dollar amount of the suspected error.

If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days.

We will determine whether an error occurred within 10 business days (20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (20 business days if the transfer involved a new account) for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened.

We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation.

You may ask for copies of the documents that we used in our investigation.

Security National Bank
P.O. Box 427, 1 West Broadway
Witt, IL 62094

Business Days: Monday through Friday
Excluding Federal Holidays
Phone: (217) 594-2221
MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST

Notice of ATM/Night Deposit Facility User Precautions

As with all financial transactions, please exercise discretion when using an automated teller machine (ATM) or night deposit facility. For your own safety, be careful. The following suggestions may be helpful.

1. Prepare for your transactions at home (for instance, by filling out a deposit slip) to minimize your time at the ATM or night deposit facility.
2. Mark each transaction in your account record, but not while at the ATM or night deposit facility. Always save your ATM receipts. Don’t leave them at the ATM or night deposit facility because they may contain important account information.
3. Compare your records with the account statements you receive.
4. Don’t lend your ATM card to anyone.
5. Remember, do not leave your card at the ATM. Do not leave any documents at a night deposit facility.
6. Protect the secrecy of your Personal Identification Number (PIN). Protect your ATM card as though it were cash. Don’t tell anyone your PIN. Don’t give anyone information regarding your ATM card or PIN over the telephone. Don’t write your PIN where it can be discovered. For example, don’t keep a note of your PIN in your wallet or purse.
7. Prevent others from seeing you enter your PIN by using your body to shield their view.
8. If you lose your ATM card or if it is stolen, promptly notify us. You should consult the other disclosures you have received about electronic fund transfers for additional information about what to do if your card is lost or stolen.
9. When you make a transaction, be aware of your surroundings. Look out for suspicious activity near the ATM or night deposit facility, particularly if it is after sunset. At night, be sure that the facility (including the parking area and walkways) is well lighted. Consider having someone accompany you when you use the facility, especially after sunset. If you observe any problem, go to another ATM or night deposit facility.
10. Don’t accept assistance from anyone you don’t know when using an ATM or night deposit facility.
11. If you notice anything suspicious or if any other problem arises after you have begun an ATM transaction, you may want to cancel the transaction, pocket your card and leave. You might consider using another ATM or coming back later.
12. Don’t display your cash; pocket it as soon as the ATM transaction is completed and count the cash later when you are in the safety of your own car, home, or other secure surrounding.
13. At a drive-up facility, make sure all the car doors are locked and all of the windows are rolled up, except the driver’s window. Keep the engine running and remain alert to your surroundings.
14. We want the ATM and night deposit facility to be safe and convenient for you. Therefore, please tell us if you know of any problem with a facility. For instance, let us know if a light is not working or there is any damage to a facility. Please report any suspicious activity or crimes to both the operator of the facility and the local law enforcement officials immediately.

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Your Ability To Withdraw Funds

This policy statement applies to all deposit accounts.

Our policy is to make funds from your cash and check deposit available to you on the same day we receive your deposit. An that time, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

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

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 3:00 P.M. at Witt on Monday, Tuesday, Wednesday, or Friday, or before 12:00 noon Thursday or before 2:00 P.M. at Irving, Fillmore, and Coffeen on Monday, Tuesday, Wednesday, or Friday, or before 11:00 A.M. Thursday on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 3:00 P.M. at Witt on Monday, Tuesday, Wednesday, or Friday, or after 11:00 A.M. Thursday or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in our account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure of the type of check that you deposited.

Longer Delay May Apply

Case-by-case delays. In some cases, we will not make all of the funds that you deposit by check available to you on the same day we receive your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit. The first $100 of your deposits, however, may be available on the same day.

If we are not going to make all of the funds from your deposit available on the same day we receive your deposit, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit.

If you will need the funds from your deposit right away, you should ask us when the funds will be available.

Safeguard exceptions. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

We believe a check you deposit will not be paid.
You deposit checks totaling more than $5,000 on any one day.
You redeposit a check that has been returned unpaid.
You have overdrawn your account repeatedly in the last six months.
There is an emergency, such as failure of computer or communications equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the eleventh business day after the day of your deposit.

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Truth-In-Savings Disclosure

Checking Account

Minimum balance to avoid imposition of fees – A service charge fee of $5.00 will be imposed each statement cycle if the average daily balance for the cycle falls below $100. The average daily balance is calculated by adding the number of days in the period. This fee will not apply to senior citizens (65 or older) who write ten or less checks per month. It is the customer’s obligation to notify the bank when they become a senior citizen.

Christmas Club Account

Transaction limitations:
If any withdrawal is made from this account before the club distribution date then this account may be closed.

Bonus – If you make 49 consecutive and timely weekly deposits of the same amount to this account, then we will make the fiftieth deposit of that amount for you. (You choose the amount of the deposit, within any limits we may set.)

Savings Account

Rate Information – Your interest rate and annual percentage yield may change.

Frequency of rate changes – We may change the interest rate on your account at any time.

Determination of rate – At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency – Interest will be compounded quarterly. Interest will be credited to your account quarterly.

Effect of closing an account – If you close your account before interest is credited; you will not receive the accrued interest.

Daily balance computation method – We use the daily balance method to calculate the interest of your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks.)

Transaction limitations:
Transfers from a Savings account to another account or to third parties by telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties.

NOW Account

Rate Information – Your interest rate and annual percentage yield may change.

Frequency of rate changes – We may change the interest rate on your account at any time.

Determination of rate – At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.

Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account – You must deposit $1,000.00 to open this account.

Minimum balance to avoid imposition of fees – A below minimum balance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

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

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Money Market Passbook Account

Rate Information – Your interest rate and annual percentage yield may change.

Frequency of rate changes – We may change the interest rate on your account at any time.

Determination of rate – At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.

Effect of closing an account – If you close your account before interest is credited; you will not receive the accrued interest.

Minimum balance to open the account – you must deposit $2,500.00 to open this account.

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

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitation:
Transfers from a Money Market Passbook account to another account or to third parties by telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties.

IRA Account (One Year)

Earns the current 48-month Certificate of Deposit interest rate and annual percentage yield.

_______________________ Time Deposit

Rate Information – The interest rate on your account is ________ % with an annual percentage yield of ________ %. You will be paid this rate until first maturity.

Compounding frequency – Interest will be credited to your account every ____________________________________
_________________________________________________________________________________________________

Crediting frequency – Interest will be credited to your account every _________________________________________
_________________________________________________________________________________________________

Minimum balance to open the account – You must deposit $____________________ to open this account.

Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $____________________ in the account each day to obtain the disclosed annual percentage yield.

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

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (from example, checks.)

Transaction limitations:
You may not make any deposits into your account before maturity.
You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.
You can only withdraw interest credited in the term before maturity of that term.
You can withdraw interest only on the crediting dates.

Time requirements:
Your account will mature ___________________________________________
Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) –

In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if this account is part of an IRA or other tax qualified plan.

Withdrawal of interest prior to maturity – The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Automatically renewable time account – This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within any grace period mentioned below) or we receive written notice from you within any grace period mentioned below. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity.

Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the features as the original time deposit.

You will have ten calendar days after maturity to withdraw the funds without a penalty.

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Common Features & Fees

The following fees may be assessed against your account and the following transition limitations, if any, apply to your account.

Replace Lost ATM Card ………. $5.00

Charge back fee for debit card transactions...........$25.00

ATM Cash Withdrawal ………. $2.00

Automatic transfer of funds from a savings account to a checking account (to avoid overdraft) ……….$2.00

Check Printing ………. (fee depends on style and quantity of checks ordered)

Personal Money Order ……….$2.00

Cashier’s Checks ………. $3.00

Dormant account fee: An account is dormant if for three years you have made no deposits or withdrawals to the account.

Savings and Money Market Passbook Accounts ……….$3.00 (Per month.)
Checking And NOW Accounts ……….$.50 (Per month.)

Overdraft (each overdraft paid) ……….$25.00

Nonsufficient funds (NSF) each ………. $25.00

Nonsufficient funds (NSF) ACH (preauthorized withdrawal) ………. $25.00

Special Statement Cutoff ………. $3.00 plus service charge

Account Research ……….$25.00 per hour

Account Research fee (per copy) ……….$1.00

Account Balancing Assistance ………. $15.00 per hour

Telephone Transfer From Savings to Checking ………. $2.00

Telephone Transfer From Savings to Checking ……… $2.00

Telephone Transfer From Checking to Savings ……… $2.00

Stop Payments (each) ……….$20.00

Lost Passbooks ………. $5.00

Photocopies ………. $.25 first copy, $.10 each additional

Wire Transfers ………. $20.00

Replace Lost Loan Payment Book ………. $5.00

Loan Payment Extension Fee ………. $25.00

Notary Fee ………. $1.00

Securities Purchases ………. $10.00 plus the broker’s fee

Automobile License Fee ………. $4.00

A $5.00 per check fee to cash any approved check for persons who do not have an active deposit account with us.

Bond Conversion Fee (per hour) ………. $25.00 ($10.00 minimum)

Incoming Wire (non-customer) ……….$20.00

Check Collections Charge ………. $20.00

Levies and Garnishments ……….$50.00

Count Loose Coins (per $1.00) ………. $.05

We may require not less than 7 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. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.

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Your Account

These are the accounts you have opened or inquired about. Further details about these accounts are inside this brochure. If the figures are not filled in, please see the insert that is with this disclosure or your periodic statement.

Checking Account

Christmas Club Account

Savings Account
The interest rate for your account is ______ %
With an annual percentage yield of ______ %

Now Account
The interest rate for your account is ______ %
With an annual percentage yield of ______ %

Premium Now Account
Rate Information:

· Tier 1 - If your daily balance is $9,999.99 or less, the interest rate paid on the entire balance in your account will be ______ % with an annual percentage yield of ______ %

· Tier 2 - If your daily balance is more than $9,999.99, but less than $25,000.00, the interest rate paid on the entire balance in your account will be ______ % with an annual percentage yield of ______ %.

· Tier 3 - If your daily balance is more than $24,999.99, but less than $50,000.00, the interest rate paid on the entire balance in your account will be ______ % with an annual percentage yield of ______ %

· Tier 4 - If your daily balance is $50,000.00 or more, the interest rate paid on the entire balance in your account will be ______ % with an annual percentage yield of ______ %.

Money Market Passbook Account
Rate Information:
· Tier 1 - If your daily balance is $2,499.99 or more, the interest rate paid on the entire balance in your account will be ______ % with an annual percentage yield of ______ %

· Tier 2 - If your daily balance is $2,500.00 or more, the interest rate paid on the entire balance in your account will be ______ % with an annual percentage yield of ______ %

IRA Account
The interest rate for your account is ______ %
With an annual percentage yield of ______ %

_______________________ Time Deposit

Your ___________________________________ account will mature on ________________________ , and it will automatically renew unless you prevent it. The new maturity date will be ________________________. The interest rate and annual percentage yield have not yet been determined. They will be available on ________________________.
Please call 217-594-2221 to learn the interest rate and annual percentage yield for your new account.

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