Checking Disclosure

I. Type of Account

Share Draft (Checking) Account

II. Terms of Dividends

1. Dividend Rate: 0.00%
2. Annual Percentage Yield:  0.00%
3. Dividends are computed from day of deposit to day of withdrawal using the daily balance method.
4. Dividends are compounded monthly.
5. Dividends are paid at the close of every month.
6. Dividend rate is variable.
7. Dividend rate is determined by the Jersey Shore Federal Credit Union Board of Directors and subject to change without notice.

III. Conditions

1. No minimum balance required for a share draft (checking) account.
2. If overdraft loan protection is selected and approved by the credit union, transfers will be done in $100.00 increments.
3. If share overdraft protection is selected, transfers will be done in $100.00 increments.
4. The credit union reserves the right to close a share draft account when a member has three or more overdrafts for non-sufficient funds (NSF) due to their error within a two (2) month period.
5. Any member with a delinquent loan or not in good standing with the credit union will not be eligible to open a share draft account.
6. The credit union reserves the right to close a share draft account if the member’s good standing status should change during the duration of the share draft account with regard to share or loan accounts.

IV. Fees

Fees for a returned item, stop payment and other fees and charges: Per fee schedule