DisclosureImportant Information Abount Opening a New AccountMoney Market Account Information Auto Loan Information Home Equity Information BCCU Visa Card Information Share/Savings Rate Information IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying objects. Your personal information and privacy is important to us. We highly value your trust and work diligently to safeguard your privacy. View our Online Privacy Practices and Privacy Statement. MONEY MARKET ACCOUNT INFORMATION: Rates are variable and may change at any time. Minimum balance of $2,500 required to open and obtain dividends. Fees may reduce earnings. Federally insured to at least $250,000 by the NCUA. AUTO LOAN INFORMATION: Auto Loan Rates indicated include a .10% discount for members with Loyalty Rewards Checking. Other rates and terms are available. Special New Purchae Auto Loan rates apply to purchase of new vehicles only. Used Auto Loan Rates indicated apply to model year 2000 and newer, and vehicles with 100,000 miles or less. Annual Percentage Rates(APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans.) subject to change without notice. A loan of $10,000 at 3.10% APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans. with a 3-year term results in 36 monthly payments of $291.25. Auto Loan SPECIAL rates are for new vehicle purchases only. HOME EQUITY LINE OF CREDIT: As of 12/29/2009, the Annual Percentage Rate (APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans.) was as low as 2.75% based on a Wall Street Journal Prime Rate of 3.25% APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans.. BCCU Home Equity Line: Maximum Loan-to-Value is 89.9% of Market Value less outstanding mortgage balances. BCCU EquityPlus Equity Line: Maximum Loan-to-Value is 89.9% of Market Value less outstanding mortgage balances. Home equity lines have variable rates and a maximum APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans. of 18%. Homeowner's insurance is required. HOME EQUITY LINE OF CREDIT SPECIAL Introductory rate as low as 4.99% APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans. for 36 months. At the end of the 36-month fixed introductory period, the line converts to a variable Annual Percentage Rate based on a margin as low as the WSJ Prime Rate minus .50%. As of 12/29/2009, this would have been as low as 2.75% APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans. based on the WSJ Prime of 3.25%. The introductory and variable rateAn interest rate that may fluctuate during the term of a loan, line of credit or deposit account according to changes in an index rate, such as the prime rate or other prescribed criteria. you receive will be based on your credit worthiness and ability to repay. There are no closing costsExpenses incidental to the purchase, sale, and financing of real estate, including, but not limited to title fees and appraisal fees. or fees to open the line. If you close the line within 4 years, you will reimburse us $350 for costs we incurred to establish the line. This offer is for new BCCU lines only. Homeowners insurance is required. The variable APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans. will not exceed 18%. This offer is subject to change at any time. BCCU VISA CARD INFORMATION Effective Date. The information about the cost of the card described in the application is accurate as of September 1, 2010. This information may have changed after that date. To find out what may have changed, contact the Credit Union How We Will Calculate Your Balance. We use a method called "average daily balance (including new purchases)." Application of Penalty APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans.. Your APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans. may be increased to the disclosed Penalty APR(Annual Percentage Rate) A measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the APR, it provides consumers with a good basis for comparing the cost of loans. if you are 65 days late in making a payment. Effective Date. The information about the costs of the card described in this application is accurate as of September 1, 2010. This information may have changed after that date. To find out what may have changed, contact the Credit Union. OTHER DISCLOSURES Late Payment Fee $25.00 or the amount of the required minimum payment, whichever is less. Returned Payment Fee $10.00 or the amount of the requirement minimum payment, whichever is less. CU REWARDS PROGRAM: Points will expire three years from the end of the calendar year in which they are earned, and will expire on a first-in, first-out basis annually. (For example, if points are earned in 2006, 2006 is considered calendar year one, and 2009 is considered calendar year four. Points from 2006, calendar year one, will expire after December 31, 2009, which is the end of calendar year four.) The maximum number of points that can be earned in any year is 50,000. SHARE/SAVINGS RATE INFORMATION: Dividends are compounded and paid monthly. Each member account is Federally Insured to at least $250,000 by the NCUA, a U.S. Government Agency. Please call to confirm the most current rates. Early withdrawal from certificate accounts will result in a loss of earnings penalty. Minimum Balances are as follows: Primary Savings*, Secondary Savings*, Other Savings*, and Holiday/Vacation Club Accounts*: $100 minimum for dividends |