Truth in Savings Disclosure

IRA Share Account

These dividend rates are effective 05/09/2013. The rates for Share account, Pee Wee Penguin, Teen, Christmas and Summer Savings club accounts are variable rates and may change after the account is opened. Share Certificate rates may change upon completion of the term. All share certificates are subject to a penalty for early withdrawal. Members are advised to contact Member Services for further information on applicable fees and terms. Please contact Highmark FCU at 605-716-4444.

Accrual of Dividends

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

Bylaw Requirements

You must live, work, worship, or attend school in Pennington, Meade, Custer, or Lawrence counties, or have an immediate family member who does. If the balance in your primary share savings account falls below $25 and you do not restore the balance to at least $25 within 30 days of the reduction, you may be terminated from membership immediately.

No member may withdraw shareholdings that are pledged as security on loans without the written approval of the Credit Committee or a loan officer, except to the extent that such shares exceed the member's total primary or contingent liability to the Credit Union. No member may withdraw any shareholding below the amount of his/her primary or contingent liability to the Credit Union if he/she is delinquent as a borrower, or if borrowers for whom he/she is co maker, endorser, or guarantor are delinquent, without the written approval of the Credit Committee or a loan officer.

Compounding and Crediting Frequency

Dividends will be compounded monthly. Dividends will be credited in accordance with the paragraph titled Dividend Period.

Deposit Limitations

You may make an unlimited number of additions/deposits into your account.

Dividend Period

For this account type, the dividend period is monthly. For example, the first dividend period of the calendar year begins January 1 and ends January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the same as the ending date of a dividend period and, for the example above, is January 31. When an account of this type is closed, dividends will not be credited to that account for the month in which the account is closed.

Minimum Balance to Open

The minimum balance required to open this account is $25.00.

Minimum Balance to Obtain Disclosed Annual Percentage Yield

You must maintain a minimum daily balance of $25.00 in your account each day to obtain the disclosed annual percentage yield.

National Credit Union Share Insurance Fund

As of July 22, 2010, Federally insured credit union accounts are insured to at least $250,000 by the National Credit Union Share Insurance Fund, a federal insurance fund backed by the full faith and credit of the U.S. Government.

Nature of Dividends

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

Rate Information

The dividend rate for this account is determined at the discretion of the Board of Directors.

The dividend rate(s) and annual percentage yield(s) are accurate as of when this notice was printed. If you would like more current rate and yield information, please call us at (605) 716-4444. The dividend rate and annual percentage yield may change at any time.