Truth in Savings

We offer the following accounts:
IRA ACCOUNTS
MONEY MARKET ACCOUNTS (POA)
REGULAR SHARE ACCOUNTS
SHARE CERTIFICATES (CDs)

The Board of Directors announces at the end of each quarter the dividend rates for all types of accounts. There is no assurance that the rate for the past interest period will be an indication that future rates will be the same. You may call our office at (516) 296-9478 to obtain the latest interest rate information. You may also access the information over the internet at: LHCU.COM

REGULAR SHARE ACCOUNTS
The interest is calculated on the daily balance as of midnight of the same date at the stated interest rate. The interest is compounded quarterly. If the balance falls below $5.00 for any day, no interest will be earned.

SHARE CERTIFICATES (CDs)
Minimum investment is $2,000.00. The interest is calculated on the daily balance as of midnight of the same date at the contracted rate, however, the interest that is credited monthly, is compounded monthly. If the balance falls below $5.00 for any day, no interest will be earned. Penalties for early withdawal are as follows: If certificate funds are withdrawn prior to maturity, the penalty is a forfeiture of accrued interest equal to nine months of interest since the date of issuance. The penalty does not apply in case of death of any owner, certified disability, or liquidation of the credit union. The credit union By-Laws give the credit union the right to impose a notice of up to 60 days prior to withdrawal. Deposits must remain on deposit for the entire period to earn dividends at the specified rate. This certificate is not transferable or assignable, except to the extent of any unpaid indebtedness to the credit union. Membership in the credit union will terminate upon maturity, unless the holder maintains other valid share deposits.

IRA ACCOUNTS
The interest is calculated on the daily balance as of midnight of the same date at the stated interest rate. The interest is compounded quarterly. If the balance falls below $5.00 for any day, no interest will be earned.

MONEY MARKET ACCOUNTS (POA) In order to earn the higher interest rate, a minimum balance per day of $1,500.00 is required. The interest is calculated monthly and compounded quarterly. If the balance falls below $1,500.00, the interest calculation is done by using the regular share account rate.

SERVICE CHARGES

• In case of withdrawals via wire transfer, a fee of $30.00 is applicable.
• Official credit union checks to third parties (upon receipt of your check request), require a check fee of $ 2.00.
• Withdrawals by check in EURO currency (subject to exchange rate) require a fee of $10.00.
• Withdrawals by transfer in EURO currency (subject to exchange rate) are $30.00.
• Federal Express Delivery Charges. Member will be advised beforehand.
• Please see our complete list of fees and charges

Rev 01/10