Lapeer County School Employees Credit Union

TRUTH IN SAVINGS

ACCOUNT DISCLOSURE

The truth in Savings Act (T-I-S) is a new federal law requiring certain disclosered on our savings acounts.

The purpose of T-I-S- is to promote and simplify comparisons amoung savings accounts at all financial institutions. T-I-S enables consumers to make informed choices/comparisons amoung competing claims of financial institutions by requiring disclosure of the interest/dividend rates payable on these accounts and the fees assessable againse these accounts.

T-I-S disclosures containing information about terms, rates, fees and charges and other features of accounts offered by this Credit Union are available upon request. If you would like a copy of this information, please ask a member service representative or contact the Credit Union.

RATE AND FEE SCHEDULE

SHARE ACCOUNT

As of Sept. 30, 2011 the dividend rate was .50% with an annual percentage yield (APY) of .56% on you account. The dividend rate and annual percentage yield (APY) on this account may change every quarter as determined by our Board of Directors.

SHARE DRAFT ACCOUNT

The Share Draft account does no pay dividend.

CHRISTMAS CLUB ACCOUNT

As of Nov 1, 2011 the interest rate was .75% with annual percentage yield (APY) of .81% on your account. The interest rate and annual percentage yield (APY) on this account may change every year as determined by our Board of Directors.