Projected Dividend Rates for the 2nd Quarter, 2008
REGULAR SHARE ACCOUNT - DIVIDEND RATES
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*Dividend rates are established by the Board of Directors and are subject to change, based on current economic conditions and credit union earnings.
**(APY) - Annual Percentage Yield assumes reinvestment of principal and dividends on a quarterly basis for one year at the stated dividend rate. Dividends are calculated and paid at the end of each quarter on all accounts with a balance in excess of the $50.00 full share amount, utilizing the ACTUAL DAILY BALANCE, and a 365 - DAY YEAR (366 days in a leap year). The Credit Union calculates dividends on the full balance in the account each day at the stated dividend rate that corresponds to the applicable share balance range.
(APYE): Dividends are calculated and paid at the end of each quarter,
utilizing the AVERAGE DAILY BALANCE METHOD, and a 365 day year. A COMPLETE
DISCLOSURE EXPLAINING HOW DIVIDENDS ARE CALCULATED IS AVAILABLE AT THE
CREDIT UNION. An account closed prior to the end of a quarter will earn
no interest for that quarter. Each account is insured up to a maximum of
$100,000 by the NCUA, an agency of the United States Government. IRA's
are insured up to $250,000 by the NCUA.
‡ Disclaimer: Every
effort will be made to keep the figures on this website up to date, but
sometimes changes have been made before the website is updated. Due
to the often fluctuating financial market, and the CU's policy of rate
changes to reflect earnings, etc., the figures on this website should be
used for estimates only. Please contact the Credit Union prior
to making any definite financial decisions. In the event of a
discrepancy between what is written here and the actual figure quoted by
the Credit Union, the Credit Union's stated figures shall prevail.
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