Truth in Savings Disclosure

Summer Savings Club

Account Details

• Current Rate: 2.97
• Current APY: 3.00

Accrual of Dividends

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

Automatically Renewable Account

Your account will automatically renew at maturity. Each renewal term for this account will be 12 months beginning the 25th of the month following the second distribution during each calendar year. Dividends will be calculated on the same basis as during the original term. There is no grace period following maturity of this account during which you may withdraw the funds without being charged an early withdrawal penalty.

Average Daily Balance Computation Method

Dividends are calculated by the Average Daily Balance method. Dividend amounts are determined at the end of the dividend period.

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.

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.

Early Withdrawal Fee

$25.00 penalty for early withdrawal.

Effect on maturity

If you make additions to this account, the maturity date will remain the same for the original deposit. The additional deposit will mature at the end of a period equal to the original term.

Final Maturity

If your account is not renewed, the funds in your account will be paid directly to you.

Minimum Balance to Open

The minimum balance required to open this account is $0.00.

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.

Payroll Deposit Requirement

The Summer Savings program requires the direct deposit of your primary payroll to a Highmark FCU checking account. You may allocate any amount between a minimum of $200.00 and your entire payroll to Summer Savings each month.

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.

Withdrawal limitations

You must make withdrawals of principal from your account twice each year on the 24th day of any two months you designate at the time you open the account. Principal withdrawn before the 24th of the month of the months you designate is subject to an early withdrawal penalty.