Gulf Coast Educators FCU Term Share Rates

Term Share Accounts

The rates, fees and charges applicable to your account at the Credit Union are provided in the Rate and Fee Schedule. The Credit union may offer other rates for these accounts from time to time. You can open a Term Share Account online by accessing your account via the eBanking system and selecting the Open Accounts feature found under Accounts on the drop down menu.

Effective Date:	04/01/2008
Minimum Opening Deposit		$1,000
Dividends Compounded		Quarterly
Dividends Credited		Quarterly
Dividends Period		Quarterly
Additional Deposits		Not Allowed
Withdrawals		Not Allowed
Term		Dividend Rate	APY	PDA Dividend Rate	PDA APY
90 day		2.50%	2.50%	3.00%	3.00%
6 month		2.50%	2.51%	3.00%	3.03%
12 month		2.75%	2.78%	3.25%	3.29%
18 month		2.75%	2.78%	3.25%	3.29%
2 year		3.00%	3.03%	3.50%	3.54%
3 year		3.00%	3.03%	3.50%	3.54%
4 year		3.00%	3.03%	3.50%	3.54%
5 year		3.00%	3.03%	3.50%	3.54%
Jumbo Term Share Accounts (over $100,000)			* PDA not available on jumbos
90 day		3.25%	3.25%	n/a	n/a
6 month		3.25%	3.29%	n/a	n/a
12 months and over		3.50%	3.54%	n/a	n/a

PDA = Premium Deposit Accounts add .50% to dividend rate. APY=Annual Percentage Yield

The Premium Deposit Account

The Premium Deposit Account is designed to reward members who use several credit union services by adding one half a percent to the annual percentage rate of any new Term Share Account opened. Members who use three of the following Gulf Coast Educators FCU services will qualify for the ½% bonus of the Premium Deposit Account.

n Checking account
n Direct deposit
n Loans
n IRA
n Visa Check Card
n Billpay

Truth in Savings Account Disclosures

Except as specifically described, the following disclosures apply to all of the accounts.

1. Rate information. The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. 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 the frequency of compounding for an annual period. 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 will reduce earnings.

2. Nature of Dividends. Dividends are paid from current income and available earnings after providing for the required reserves. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.

3. Compounding and Crediting. Dividends will be compounded and credited as set forth above. The Dividend Period for each account is set forth above. The Dividend Period begins on the first calendar day of the Dividend Period and ends on the last calendar day of the Dividend Period. .

4. Balance information. The minimum balance required to open each account is set forth above. Dividends are Calculated by the Daily Balance method which applies a daily periodic rate in the account each day.

5. Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your term account. Dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.

6. Transaction Limitations. During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order of instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account may be subject to closure by the credit union.

7. Maturity. Your account will mature within the term or at the maturity date set forth above or the maturity date set forth on your Account Receipt or Renewal Notice. Early Withdrawal Penalty. We may Impose a penalty if you Withdraw any of the principal before the maturity date, or the renewal date, if this is a renewal account. Amount of Penalty. If Term Share Account funds other than dividends are withdrawn prior to mature. A substantial penalty is Imposed as follows: If the maturity of the account is one year or less, the penalty is a forfeiture of an amount equal to 31 days' dividends. if the maturity of the account is more than one year. the penalty is the forfeiture of an amount equal to 90 days' dividends. 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. 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: (1) When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction. (ii) Withdrawal after the close of the dividend period in which the owner's Credit Union membership was terminated under Article 11, Section 5 of the bylaws. Renewal Policy. Your account is NOT an automatically renewable account. Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in our account may not be pledged to secure any obligation or an owner, except obligations with the Credit Union.

8. Fees could reduce earnings on the account.