Molex Employees Federal Credit Union




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Overview
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Except as specifically described, the following disclosures apply to all accounts with the Molex Credit Union. All accounts described in this disclosure are Regular Share accounts, Christmas Club accounts, and Certificate of Deposit accounts.

1. Rate Information: The annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For Regular Share and Christmas Club accounts, the Dividend Rate and Annual Percentage Yeild may change quarterly as determined by the Credit Union's Board of Directors. For Certificate of Deposit accounts, the Dividend Rate and Annual Percentage Yield may change more frequently than quarterly, as determined by the Credit Union's Board of Directors. "Current" dividend rates and annual percentage yields are rates and yields as of the last dividend declaration date.

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

3. Dividend Compounding and Crediting: The compounding and crediting of dividends and the dividend period is quarterly. The dividend period is the period of time at the end of the which an account earns dividend credit. The dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.

4. Accrual of Dividends: For all accounts, dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account. For regular share and Christmas Club accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid. For Certificate of Deposit accounts, if you close out your CD prior to its maturity date, 90 days worth of interest will be charged to you.

5. Balance Information: The minimum deposit requirement to open a Regular Share or Christmas Club account is $5.00. The minimum deposit to open a Certificate of Deposit account is $1,000.00. For all accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.

6. Account Limitations: For Regular Share and Christmas Club accounts, no more than (6) preauthorized, or automatic withdrawal requests may be made from these accounts in any month. If you exceed these limitations, your account may be subject to a fee or be closed. For a Chirstmas Club account, the entire balance will be paid to you by check on or after November 3rd and the account will remain open.

7. Account Fees: On Regular Share accounts you may be charged a withdrawal fee of $1.00 for a second and third withdrawal per month, and $5.00 for each withdrawal in excess of three (3) withdrawals per month. For Christmas Club accounts, you may be charged a $5.00 fee for each early withdrawal at any time prior to November 1st. If you do not make at least one (1) customer generated transaction to your regular share account each year, you may be charged a $10.00 inactive account fee.

If you have lost a share withdrawal check and need to have it replaced, you may be charged a $20.00 stop payment fee. If you have a deposit item returned (bounced check) you may be charged $15.00 per item returned. If you require next day delivery service, you may be charged $15.00 for Fed-ex delivery Monday - Friday or $25.00 for Fed-ex delivery on Saturday.