GRAFCU Product 1

GREEN RIVER AREA FEDERAL CREDIT UNION

Savings

Green River Area Federal Credit Union offers a full range of financial services designed to meet your needs.

Key Benefits

	Competitive Rates
	Your money is safe. All deposits in your Credit Union are federally insured up to $100,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency. Also, the NCUA examines the Credit Union annually for safety and financial soundness. To further ensure the safety of members' funds, the Credit Union's Supervisory Committee performs an annual audit as well. The Supervisory Committee is appointed by the Board of Directors.
	Convenience of Payroll Deduction and Direct Deposit available.
	Night Deposit, ATM/Debit VISA Card, and Drive Thru Window (Henderson Branch only)

Savings and Investments

Share (Savings) Account

	Dividends posted monthly.
	Make deposits and transfers by mail, by telephone, by payroll deduction, or in person.

Share Draft Account (Checking)

	Low service charge.
	Dividends posted monthly.
	Duplicate checks.
	Payroll Deduction/Direct Deposit
	Overdraft protection from Share Account
	ATM/Debit VISA Card Program

Share Certificates

	Competitive rates paid on 6 month, 12 month, and 24 month terms.
	Dividend rates subject to change and are paid quarterly.
	$2,000 minimum deposit.

Term	Annual Percentage Rate	Annual Percentage Yield
6 Month	2.50%	2.52%
1 Year	3.70%	3.76%
2 Year	3.95%	4.02%
*Minimum Deposit: $2,000.00	*Penalty for early withdrawal: Loss of 90 days dividend.

Individual Retirement Account Passbook

	Competitive rates.
	Tax deferred until withdrawal.

IRA Share Certificate

	12 and 24 month terms.
	$2,000 minimum deposit.

Special Savings Accounts

	Christmas, Vacation, etc.
	Dividends paid monthly.
	Competitive rates.

Account Type	A.P.R.	A.P.Y.	Dividends Compounded and Credited	Minimum Opening Balance	Minimum Required Balance to Avoid Service Fees	Min. Bal. Required to Earn Dividends	Account Limitations
Regular Shares	1.25%	1.26%	Monthly	$25.00	None	None	Withdrawal Limitations Apply
Share Drafts	1.00%	1.00%	Monthly	None	None	$500.00	Withdrawal Limitations Apply
Christmas Club	1.25%	1.26%	Monthly	None	None	None	Withdrawal Limitations Apply
IRA	3.25%	3.29%	Quarterly	None	None	None	None

1.Rate Information:

The Dividend Rate and Annual Percentage Yield for each account is set forth above. Dividend Rate and APY for all accounts except IRA may change Monthly, as determined by the Board of Directors. For IRA accounts, the Dividend Rate and APY may change Quarterly, as determined by the Board of Directors.

2. Compounding and Crediting:

Dividends will be compounded and credited as set forth above. For all accounts except IRA, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is January 31st. For IRA accounts, the dividend period is quarterly, for example, the beginning date for the first dividend period of the calendar year is January 1st and the ending date of such period is March 31st. All other dividend periods follow these patterns of dates. The dividend declaration date follows the ending date of a dividend period. If you close your account before dividends are credited, you will not receive accrued dividends, except on IRAs.

3. Minimum Balance Requirements:

The minimum balance required to open each account is set forth above. To obtain a dividend, you must meet the minimum balance required to earn dividends as set forth above for each account. To avoid a Dormant Account Fee, you must maintain the required $25.00 balance set forth above.

4. Balance Computation Method:

Dividends are calculated by using the daily balance method. This method applies a daily periodic rate to the balance in the account each day.

5. Accrual of Dividends:

Dividends begin to accrue on the business day you deposit cash or noncash items (checks) to your account.

6. Transaction Limitations:

The account limitations for each account are set forth above. For those accounts that are indicated that transaction limitations apply, no more than six (6) preauthorized, automatic, telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed.

7. Nature of Dividends:

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

8. Fees and Charges:

The following fees and charges may be assessed against your account:

Fees/Charges overdraft (return-SD,ACH,POS,ATM)......$15.00 per item

Fees/Charges overdraft (transfer-SD,ACH,POS,ATM)....$12.00 per day

Fees/Charges sh dft (service charge).........................$2.00 per month

Fees/Charges Returned Check (on deposit items).......$10.00 per item

Fees/Charges Return Statement/Change of Address...$3.00 per occurence

Fees/Charges ATM/Debit Card...................................$1.00 per month per card

Fees/Charges replacement fee (lost or stolen card) ATM/Debit Card.....$5.00 per card

Fees/Charges Debit/ATM/POS receipt copy..................$15.00 each

Fees/Charges stop pay.............................................$5.00 per order

Fees/Charges check copy..........................................$5.00 per item

Fees/Charges stmt copy (statement)..........................$1.00 per page

Fees/Charges wire transf (transfer).............................$5.00 per outgoing wire

Fees/Charges (excessive share withdrawal)................$1.00 per withdrawal over 2 a month

Fees/Charges dormant fee (no transactions for 6 mo.,$25.00 min.).....$3.00 per month

Fees/Charges loan late fee ($10.00 per mo. if pmt. not rec'd within 10 days of due date)

Check Order.....................................................varies with quantity and style

9. Additional Terms and Conditions:

The fees defined as excessive withdrawals may be assessed against your share account or Christmas Club account if you exceed more than two (2) withdrawals per month.

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Key Benefits

Savings and Investments

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Last modified: 01/19/07