Certificate Rates

Chestnut Run Federal Credit  Union SHARE CERTIFICATE RATES
ALL CERTIFICATES ARE AUTOMATICALLY RENEWABLE Traditional, Roth, Conversion and Education IRA Certificates are available All Rates Are  Accurate As Of Publication Date And Are Subject To Change Without Notice. Rate and Fee Schedule Annual Percentage  Yield (APY)
COMPOUNDING
	MINIMUM		MINIMUM		MINIMUM		MINIMUM		MINIMUM		MINIMUM
	$1,000		$5,000		$10,000		$25,000		$50,000		$75,000
TERM	Dividend Rate	APY	Dividend Rate	APY	Dividend Rate	APY	Dividend Rate	APY	Dividend Rate	APY	Dividend Rate	APY
6 MTH	2.50%	2.53%	2.60	2.63%	2.70%	2.73%	2.80%	2.84%	2.90%	2.94%	3.00%	3.04%
1 YR	2.75%	2.79%	2.85%	2.89%	2.95%	2.99%	3.05%	3.09%	3.15%	3.20%	3.25%	3.30%
2 YR	2.85%	2.89%	2.95%	2.99%	3.05%	3.09%	3.15%	3.20%	3.25%	3.30%	3.25%	3.30%
3 YR	N/A	N/A	N/A	N/A	N/A	N/A	3.25%	3.30%	3.50%	3.56%	3.50%	3.56%
NON COMPOUNDING
	MINIMUM		MINIMUM		MINIMUM		MINIMUM		MINIMUM		MINIMUM
	$1,000		$5,000		$10,000		$25,000		$50,000		$75,000
TERM	Dividend Rate	APY	Dividend Rate	APY	Dividend Rate	APY	Dividend Rate	APY	Dividend Rate	APY	Dividend Rate	APY
6 MTH	2.50%	2.52%	2.60%	2.62%	2.70%	2.72%	2.80%	2.82%	2.90%	2.92%	3.00%	3.02%
1 YR	2.75%	2.75%	2.85%	2.85%	2.95%	2.95%	3.05%	3.05%	3.15%	3.15%	3.25%	3.25%
2 YR	2.85%	2.81%	2.95%	2.91%	3.05%	3.01%	3.15%	3.10%	3.25%	3.20%	N/A	N/A
3 YR	N/A	N/A	N/A	N/A	N/A	N/A	3.25%	3.15%	3.50%	3.38%	N/A	N/A

Truth-In-Savings Account Disclosures

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 all accounts, the Dividend rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity.  A withdrawal of dividends will reduce earnings.
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. Dividends Compounding and Crediting. The compounding of dividends applicable to each account is set forth in the above Rate Schedule.  The Dividend Period begins on the first calendar day of the Dividend Period and ends on the last calendar day of the Dividend Period.  For Non Compounding Monthly Pay Certificate accounts, dividends will be transferred monthly to Regular Shares. Dividends are based on the Credit Union's earnings at the end of a dividend period and cannot be guaranteed. For monthly pay IRA Certificate accounts, dividends will be transferred monthly to IRA Shares.
4. Balance Information. The minimum balance requirements applicable to each account are set forth in the above Rate Schedule. For all accounts, dividends are calculated by the Daily Balance method which applies a daily periodic rate to the principal in the account each day.
5. 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 all accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.
6. Transaction Limitations. After your account is opened, your ability to make additional deposits to your account or withdrawals of dividends are not allowed.
7. Maturity.  Your account will mature as indicated in the above Rate and Fee Schedule or on your Account Receipt or Renewal notice.
8. Early withdrawal Penalty.  We may impose a penalty if your withdraw any of the principal before the maturity date
9. Amount of Penalty. For all accounts, the amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows:
 Terms of 1 year or less                 31 days dividends.
 Terms of 2 years or more            90 days dividends.
10.  How the Penalty Works.  The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account.  It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.
11.  Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:
i) When an account dies or is determined legally incompetent by a court or other body of competent jusridiction.

ii)  When the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment; or where the account is a Keogh Plan (Keogh) provided that the depositor forfeits an amount of at least equal to the simple dividends earned in the amount withdrawn; or where the account is an IRA or Keogh and the owner attains age 59 1/2 or becomes disabled. If the certificate is part of a qualified Individual Retirement or Keogh Plan, it many not be pledged, transferred or assigned and is not subject to any pledge of shares or deposits that owner has previously signed. Credit Union disclaims its right to any such pledge with respect to the certificate.
iii) Withdrawal after the close of the dividend period in which the owner’s Credit Union membership was terminated under Article II of the bylaws.
iv)  Withdrawal as a result of liquidation of the Credit Union.
12.  Renewal Policy. For all accounts, your account will automatically renew for another term upon maturity.  For all accounts, you have a grace period of ten (10) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty.
13.  Nontransferable/Nonnegotiable.  Your account is nontransferable and nonnegotiable.  The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.  Federal Credit Union bylaws give the Credit Union the authority to impose a notice up to 60 days for withdrawal of shares. No change of a share certificate account to another type of account will be made without the members approval.
The rates and fees appearing in this Schedule are accurate and effective for accounts as of the Effective date indicated above.  If you have questions or require current rate and fee information on your accounts, please call the Credit Union.