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NOTICE OF CHANGE IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account' are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction accounts" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also included Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

 

REGLUAR SAVINGS

$100.00 MINIMUM OPENING REQUIREMENT

Transaction Limitations/ fees:
You may not make more than 6 debits ( transactions) each quarter. If you go over 6 debits in a quarter, there is an additional fee of $2.00 each. There is a $5.00 fee when average balance for the quarter is less than $100.00.

 

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PENNY POWER

$5.00 MINIMUM OPENING REQUIREMENT

Transaction Limitations/ fees:
You may not make more than 6 debits ( transactions) each quarter.

  • This account is for children up to the age of 12
  • Account earns interest at a premium rate.
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CHRISTMAS CLUB

$5.00 MINIMUM OPENING REQUIREMENT

Transaction Limitations/ fees:

  • Maximum deposit of $1,000.00 per month
  • A $12.00 fee will be assessed on all cash withdrawals made during the plan year of November 1st through October 31st of the following year.
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VACATION CLUB

$5.00 MINIMUM OPENING REQUIREMENT

Transaction Limitations/ fees:

  • Maximum deposit of $1,000.00 per month
  • A $12.00 fee will be assessed on all cash withdrawals made during the plan year of June 1st through May 31st of the following year.
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