Disclosures

SHARE ACCOUNT DISCLOSURE

VARIABLE RATE INFORMATION
As of the last dividend declaration date, the dividend rate was 0.05% with an annual percentage yield of 0..05% on your account. The dividend rate and APY may change at any time on the determination of the credit union Board of Directors.

NATURE OF DIVIDENDS
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of dividend period. Dividend are paid on balances over $100.00.

COMPOUNDING AND CREDITING
Dividends will be compounded quarterly and will be credited quarterly. For this account type, the dividend period is quarterly, for example, the beginning of the first dividend period of the calendar year is 01/01/11 and the ending date of such dividend period is 03/31/11. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example is 04/01/11. If you close this share account before dividends are paid, you will not receive the accrued dividends.

MINIMUM BALANCE REQUIREMENTS
To be a member and maintain accounts at our credit union you must purchase one (1) share in the credit union. The par value of a share in this credit union is $5.00. You must maintain a minimum daily balance of $300.00 in your account to receive dividends and avoid a service fee. If, during any day during the month, your account balance falls below the required minimum daily balance, your account will be subject to a service fee for that month. To obtain the disclosed annual percentage yield, you must maintain a $300.00 minimum balance for the dividend period.

BALANCE COMPUTATION METHOD
The daily balance method required the application of a daily periodic rate to the full amount of principal in the account each day.

ACCRUAL ON NONCASH DEPOSITS
Dividends will begin to accrue on the business day you deposit noncash items (e.g. checks) to your account.

FEES AND CHARGES
Please refer to the separate fee schedule provided to you with this disclosure for information about fees and charges associated with this account. A fee schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.

TRANSACTION LIMITATIONS
The daily ATM withdrawal limit is $500. If you overdraw your account by an ATM/EFT transaction, you may be charged a fee for each overdraft. There is a limit on free ATM transactions (see fee schedule). ATM/EFT transactions are limited to regular share and share draft accounts. Pre-authorized transfers are limited to six (6) per month. Pre-authorized transfers in excess of six (6) will be returned and a fee will be charged for each item (see fee schedule). Pre-authorized transfers are limited to regular share and share draft accounts. The credit union reserves the right to require up to a 60 day advance notice of a member’s intention to withdraw from any account except share draft.

MONEY MARKET ACCOUNT DISCLOSURE

TIERED VARIABLE RATE INFORMATION
As of the last dividend declaration date, if your daily balance is below $1,000, the dividend rate paid on the entire balance in your account was 0.00% with an annual percentage yield of 0.00%.

If your daily balance was equal to or greater than $1,000, but less than $2,500, the dividend rate paid on the entire balance in your account was .05%, with an APY of .05%.

If your daily balance was equal to or greater than $2,500, but less than $10,000, the dividend rate paid on the entire balance in your account was .10%, with an APY of .10%.

If your daily balance was equal to or greater than $10,000, the dividend rate paid on the entire balance was .15% with an APY of .15%.

The dividend rate and APY may change every day based on the determination of the credit union Board of Directors.

NATURE OF DIVIDENDS
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of dividend period.

COMPOUNDING AND CREDITING
Dividends will be compounded monthly and will be credited monthly. For this account type, the dividend period is monthly, for example, the beginning of the first dividend period of the calendar year is 01/01/11 and the ending date of such dividend period is 01/31/11. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example is 02/01/11. If you close this share account before dividends are paid, you will not receive the accrued dividends.

MINIMUM BALANCE REQUIREMENTS
To be a member and maintain accounts at our credit union, you must purchase one (1) share in the credit union. The par value of a share in this credit union is $5.00. The minimum balance required to open this account is $1,000.

BALANCE COMPUTATION METHOD
The daily balance method requires the application of a daily periodic rate to the full amount of principal in the account each day.

ACCRUAL ON NONCASH DEPOSITS
Dividends will begin to accrue on the business day you deposit noncash items (e.g. checks) to your account.

FEES AND CHARGES
Please refer to the separate fee schedule provided to you with this disclosure for information about fees and charges associated with this account. A fee schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.

TRANSACTION LIMITATIONS
Transactions from this account are not available through the ATM. ATM/EFT transactions are limited to regular share and share draft accounts. Pre-authorized transfers are limited to six (6) per month. Pre-authorized transfers in excess of six (6) will be returned and a fee will be charged on each item (see fee schedule).

The credit union reserves the right to require a member intending to make a withdrawal from any account (except a share draft) to give written notice of such intent not less than seven days and up to sixty days before such withdrawal.

SHARE DRAFT ACCOUNT DISCLOSURE

MINIMUM BALANCE REQUIREMENTS
To be a member and maintain accounts at our credit union you must purchase one (1) share in the credit union. The par value of a share in this credit union is $5.00.

FEES AND CHARGES
Please refer to the separate fee schedule provided to you with this disclosure for information about fees and charges associated with this account. A fee schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.

TRANSACTION LIMITATIONS
There is a daily ATM withdrawal limit of $500. If you overdraw your account by an ATM/EFT transaction a fee will be charged for each overdraft (see fee schedule). There is a limit on free ATM transactions (see fee schedule). There is no limit of pre-authorized transfers from your share draft account. The credit union reserves the right to require up to a 60 day advance written notice of a member’s intention to withdraw from any account except share drafts.

AVOIDING FEES

Many fees can be avoided by participating with Village Community Credit Union by signing up for direct deposit of your payroll, social security or pension benefits; having a loan, mortgage or a VISA Platinum/Platinum Preferred card or having an aggregate account balance of at least $300.