Disclosure for Savings Account

Cincinnati Police Federal Credit Union
959 w 8th St
Cincinnati, Ohio 45203

Effective Date: 09/18/2014
Disclosure of Dividends, Fees and Account Terms for the Certificate of Deposits.

Rate Information
• The annual percentage yield assumes interest remains on deposit until maturity. Any payment of interest to you prior to maturity will reduce your earnings.
• Interest for your account will be compounded continuously. Interest will be paid/credited monthly.
• Interest begins to accrue on the calendar day your deposit noncash item (for example checks).

Minimum Balance Requirements
• You must deposit $1000.00 to open this account.
• You must maintain a minimum balance of $1000.00 in your account every day to obtain the annual percentage yield.

Balance Computation Method
• We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Transaction Limitations
• After the account is opened, you may not make deposits or withdraws form the account until the maturity date.

Early Withdrawal Penalty
• If you withdraw any principal before the maturity date, your account will assessed a penalty that is equal to all interest that could have been earned during a period equal to all interest that could have been earned during a period equal to one half of the term. If the penalty to be applied exceeds the amount of interest earned at the time of withdrawal, then the portion of the penalty in excess of the interest earned shall be deducted from the principal amount in determining the redemption value.

Renewal Policy
• The account will automatically renewed for the amount then on deposit and for the same term and at the Cincinnati Police Federal Credit Union's prevailing interest rate for such type of deposit and term.
• You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty. If you choose to withdraw the funds during the original or any subsequent grace period, no interest will be paid during the respective grace period.

The information is accurate of today's date and is subject to change without notice.
Signature (accepting the above terms)____________________________________

Credit Union Membership

Membership Share: $5.00 par value, must be employed by the state or local government within Hamilton, Butler, Warren and Clermont Counties, Ohio and Campbell, Kenton, and Boone Counties, Kentucky and Dearborn County, Indiana.