Dupaco Community Credit Union

Disclosures

TERMS AND CONDITIONS
OF YOUR ACCOUNT

AGREEMENT - This document, along with any other documents we give you pertaining to your account(s), is a contract that establishes rules which control your account(s) with us. Please read this carefully. If you sign the signature card or open or continue to have your account with us, you agree to these rules. You will receive a separate schedule of rates, qualifying balances, and fees if they are not included in this document. If you have any questions, please call us.

This agreement is subject to applicable federal laws and the laws of the state of Iowa (except to the extent that this agreement can and does vary such rules or laws). The body of state and federal law that governs our relationship with you, however, is too large and complex to be reproduced here. The purpose of this document is to:

summarize some laws that apply to common transactions;
establish rules to cover transactions or events which the law does not regulate;
establish rules for certain transactions or events which the law regulates but permits variation by agreement; and
give you disclosures of some of our policies to which you may be entitled or in which you may be interested.

If any provision of this document is found to be unenforceable according to its terms, all remaining provisions will continue in full force and effect. We may permit some variations from our standard agreement, but we must agree to any variation in writing either on the signature card for your account or in some other document.

As used in this document the words "we," "our," and "us" mean the financial institution and the words "you" and "your" mean the account holder(s) and anyone else with the authority to deposit, withdraw, or exercise control over the funds in the account. The headings in this document are for convenience or reference only and will not govern the interpretation of the provisions. Unless it would be inconsistent to do so, words and phrases used in this document should be construed so the singular includes the plural and the plural includes the singular.

BYLAWS - Our bylaws, which we may amend from time to time, establish basic rules about our credit union policies and operations which affect your account and membership. You may obtain a copy of the bylaws on request. Our right to require you to give us notice of your intention to withdraw funds from your account is described in the bylaws. Unless we have agreed otherwise, you are not entitled to receive any original item after it is paid, although you may request that we send you an item(s) or a copy of an item(s). Dividends are based on current earnings and available earnings of the credit union, after providing for required reserves.

LIABILITY - You agree, for yourself (and the person or entity you represent if you sign as a representative of another) to the terms of this account and the schedule of charges. You authorize us to deduct these charges directly from the account balance as accrued. You will pay any additional reasonable charges for services you request which are not covered by this agreement.

Each of you also agrees to be jointly and severally (individually) liable for any account shortage resulting from charges or overdrafts, whether caused by you or another with access to this account. This liability is due immediately, and can be deducted directly from the account balance whenever sufficient funds are available. You have no right to defer payment of this liability, and you are liable regardless of whether you signed the item or benefited from the charge or overdraft. This includes liability for our costs to collect the deficit including, to the extent permitted by law, our reasonable attorneys’ fees.

DEPOSITS - We will give only provisional credit until collection is final for any items, other than cash, we accept for deposit (including items drawn "on us"). Actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars. We are not responsible for transactions by mail or outside depository until we actually record them. We will treat and record all transactions received after our "daily cutoff time" on a business day we are open, or received on a day we are not open for business, as if initiated on the next following business day that we are open.

WITHDRAWALS - Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs in the space designated for signatures on the signature card may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person signing the signature card to indorse any item payable to you or your order for deposit to this account or any other transaction with us. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we may treat continued abuse of the stated limitations (if any) as your act of closing the account. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal.

OWNERSHIP OF ACCOUNT AND BENEFICIARY DESIGNATION - These rules apply to this account depending on the form of ownership and beneficiary designation, if any, specified on the account records. We reserve the right to refuse some forms of ownership on any or all of our accounts. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds.

Individual Account - is an account in the name of one person.

Joint Account - With Survivorship (And Not As Tenants In Common) - is an account in the name of two or more persons. Each of you intend that when you die the balance in the account (subject to any previous pledge to which we have agreed) will belong to the survivor(s). If two or more of you survive, you will own the balance in the account as joint tenants with survivorship and not as tenants in common.

Joint Account - No Survivorship (As Tenants In Common) - is owned by two or more persons, but none of you intend (merely by opening this account) to create any right of survivorship in any other person. We encourage you to agree and tell us in writing of the percentage of the deposit contributed by each of you. This information will not, however, affect the "number of signatures" necessary for withdrawal.

Revocable Trust Account - If you create such an account, the beneficiary cannot withdraw unless: (1) the person creating the account dies, and (2) the beneficiary is then living. The person creating this account type reserves the right to: (1) change the beneficiary, (2) change account types, and (3) withdraw all or part of the account funds at any time.

BUSINESS ACCOUNTS - Earnings in the form of interest, dividends, or credits will be paid only on collected funds, unless otherwise provided by law or our policy. We may require the governing body of the legal entity opening the account to give us a separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we actually receive written notice of a change from the governing body of the legal entity.

STOP PAYMENTS - You must make any stop-payment order in the manner required by law and we must receive it in time to give us a reasonable opportunity to act on it before our stop-payment cutoff time. To be effective, your stop-payment order must precisely identify the number, date and amount of the item, and the payee.

You may stop payment on any item drawn on your account whether you sign the item or not, if you have an equal or greater right to withdraw from this account than the person who signed the item. A release of the stop-payment request may be made only by the person who initiated the stop-payment order.

Our stop-payment cutoff time is one hour after the opening of the next banking day after the banking day on which we receive the item. Additional limitations on our obligation to stop payment are provided by law (e.g., we paid the item in cash or we certified the item).

TELEPHONE TRANSFERS - A telephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. Unless a different limitation is disclosed in writing, we restrict the number of transfers from a savings account to another account or to third parties, to a maximum of two per month (less the number of "preauthorized transfers" during the month). Other account transfer restrictions may be described elsewhere.

AMENDMENTS AND TERMINATION - We may change our bylaws and any term of this agreement. Rules governing changes in rates are provided separately. For other changes we will give you reasonable notice in writing or by any other method permitted by law. We may close this account if your membership in the credit union terminates, or by giving reasonable notice to you and tender of the account balance personally or by mail. At our option, we may suspend your rights to member services if you violate the terms of this agreement. You must keep us informed of your current address at all times. Notice from us to any one of you is notice to all of you.

STATEMENTS - You must examine your statement of account with "reasonable promptness." If you discover (or reasonably should have discovered) any unauthorized signatures or alterations, you must promptly notify us of the relevant facts. As between you and us, if you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we used ordinary care and, if not, whether we substantially contributed to the loss). The loss could be not only with respect to items on the statement but other items with unauthorized signatures or alterations by the same wrongdoer.

You agree that the time you have to examine your statement and report to us will depend on the circumstances, but will not, in any circumstance, exceed a total of 30 days from when the statement is first sent or made available to you.

You further agree that if you fail to report any unauthorized signatures, alterations, forgeries, or any other errors in your account within 60 days of when we first send or make the statement available, you cannot assert a claim against us on any items in that statement, and as between you and us the loss will be entirely yours. This 60-day limitation is without regard to whether we used ordinary care. The limitation in this paragraph is in addition to that contained in the first paragraph of this section.

ACCOUNT TRANSFER - This account may not be transferred or assigned without our prior written consent.

DIRECT DEPOSITS - If, in connection with a direct deposit plan, we deposit any amount in an account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability.

TEMPORARY ACCOUNT AGREEMENT - If this option is selected, this is a temporary account agreement. Each person who signs in the space designated for signatures on the signature card (except as indicated to the contrary) may transact business on this account. However, we may at some time in the future restrict or prohibit further use of this account if you fail to comply with the requirements we have imposed within a reasonable time.

RIGHT TO REPAYMENT OF INDEBTEDNESS - You each agree that we may (without prior notice and when permitted by law) charge against and deduct from this account any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons’ or legal entity’s right to withdraw. If the debt arises from a note, "any due and payable debt" includes the total amount of which we are entitled to demand payment under the terms of the note at the time we charge the account, including any balance the due date for which we properly accelerate under the note.

In addition to these contract rights, we may also have rights under a "statutory lien." A "lien" on property is a creditor’s right to obtain ownership of the property in the event a debtor defaults on a debt. A "statutory lien" is one created by federal or state statute. If federal or state law provides us with a statutory lien, then we are authorized to apply, without prior notice, your shares and dividends to any debt you owe us, in accord with the statutory lien.

Neither our contract rights nor rights under a statutory lien apply to this account if: (a) it is an Individual Retirement Account or other tax-deferred retirement account, or (b) the debt is created by a consumer credit transaction under a credit card plan (but this does not affect our rights under any consensual security interest), or (c) the debtor’s right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check or draft when the dishonor occurs because we charge and deduct an amount you owe us from your account. You agree to hold us harmless from any claim arising as a result of our exercise of our right to repayment.

AUTHORIZED SIGNER (Individual Accounts only) - A single individual is the owner. The authorized signer is merely designated to conduct transactions on the owner’s behalf. We undertake no obligation to monitor transactions to determine that they are on the owner’s behalf.

RESTRICTIVE LEGENDS - We are not required to honor any restrictive legend on checks you write unless we have agreed in writing to the restriction. Examples of restrictive legends are "must be presented within 90 days" or "not valid for more than $1,000.00."

PAYMENT ORDER OF ITEMS - The law permits us to pay items (such as checks or drafts) drawn on your account in any order. To assist you in handling your account with us, we are providing you with the following information regarding how we process the items that you write. When processing items drawn on your account, our policy is to pay them in the order that they are received. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. If an item is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF). The amounts of the overdraft and NSF fees are disclosed elsewhere. By paying items in the order that we receive them, we think our policy attains a reasonable balance between minimizing additional cost to you and paying your more important items. We encourage you to make careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees.

PLEDGES - Unless we agree otherwise in writing, each owner of this account may pledge all or any part of the funds in it for any purpose to which we agree. Any pledge of this account must first be satisfied before the rights of any surviving account owner or account beneficiary become effective.

ACH AND WIRE TRANSFERS - This agreement is subject to Article 4A of the Uniform Commercial Code - Fund Transfers as adopted in the state in which you have your account with us. If you originate a fund transfer for which Fedwire is used, and you identify by name and number a beneficiary financial institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may rely on the identifying number to make payment. We may rely on the number even if it identifies a financial institution, person or account other than the one named. You agree to be bound by automated clearing house association rules. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. If we receive a credit to an account you have with us by wire or ACH, we are not required to give you any notice of the payment order or credit.

FACSIMILE SIGNATURES - You authorize us, at any time, to charge you for all checks, drafts, or other orders, for the payment of money, that are drawn on us regardless of by whom or by what means the facsimile signature(s) may have been affixed so long as they resemble the facsimile signature specimen filed with us, and contain the required number of signatures for this purpose.

ELECTRONIC FUND TRANSFERS
YOUR RIGHTS AND RESPONSIBILITIES

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.

Preauthorized credits. You may make arrangements for certain direct deposits to be accepted into your share draft or share savings account(s).

Preauthorized payments. You may make arrangements to pay certain recurring bills from your share draft account(s).

Presto! Audio Response Telephone Transfers - types of transfers - You may access your account by telephone 24 hours a day at (563) 557-1700 or 1-800-383-1700 using your personal identification number, a touch tone phone, your account numbers, and your member ID number, to:

transfer funds from any account to any other account
transfer funds from one of your accounts to another member’s account
make payments from share draft to loan accounts with us
make payments from share draft to third parties
make payments from share savings to loan accounts with us
make payments from share savings to third parties
request a check from your account
get information about:
- the account balance of share draft accounts
- deposits to share draft accounts
- withdrawals from share draft accounts
- the account balance of share savings accounts
- deposits to share savings accounts
- withdrawals from share savings accounts
- whether a share draft has cleared
- loans you have with us
- earned dividends

Please also see Limitations on frequency of transfers section regarding limitations that apply to telephone transfers.

Money Card Debit/ATM Transfers - types of transfers and dollar limitations - You may access your account(s) by ATM using your Money Card Debit card and personal identification number, to:

make deposits to share draft account(s) with an ATM card only at ATMs in Iowa
make deposits to share savings account(s) with an ATM card only at ATMs in Iowa
get cash withdrawals from share draft and/or share savings account(s) with an ATM card
- you may withdraw no more than your preauthorized limit per each 24-hour period
transfer funds from share savings to share draft account(s) with an ATM card
transfer funds from share draft to share savings account(s) with an ATM card
get information about:
- the account balance of your share draft account(s)
- the account balance of your share savings account(s)

Some of these services may not be available at all terminals.

Please also see Limitations on frequency of transfers section regarding limitations that apply to ATM transfers.

Types of Money Card Debit/ATM Card Transactions - You may access your share draft account(s) to purchase goods (in person or by phone), pay for services (in person or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that can be done with a credit card (that a participating merchant will accept with a credit card).

Daily withdrawal/transaction limits will be established prior to card issuance.

No Stop Payment - Since Money Card transactions result in direct charges to your share draft account, there are no stop payment privileges.

No Cash Refunds from Merchants - If you are entitled to receive a refund from a merchant for a purchase made with your Money Card you will not receive cash. Instead, your Money Card will be used again by the merchant to make a credit to your share draft account.

Refusal to Honor Card - We are not responsible for the refusal of anyone to honor your card.

Amendments - We may amend or cancel this agreement at any time by getting your consent or by giving you notice of the amendments or cancellation. Cards are our property and must be returned upon our request.

Copy Charges - We may charge you a reasonable charge for photocopies and reprints which you request.

Miscellaneous - If any provision of this agreement would be unlawful, the rest of the agreement will stand and the unlawful provision will be deemed amended to conform to law.

Charges - There may be separate charges for Money Card transactions. However, each transaction may be treated like a share draft for purposes of computing any applicable charges for your share draft account. In addition, there will be an ATM usage charge of $.50 per transaction over (8) eight per month when you use ATM terminals not owned by Dupaco Community Credit Union. Fraud control services, such as handling of lost or stolen cards, will result in additional fees. You will be notified at least 30 days in advance of any fee changes.

Deposit Account Terms and Conditions - The share draft policies as issued by us apply to all your credit union account transactions (including Money Card transactions) except as to those matters which are covered by this agreement.

Please also see Limitations on frequency of transfers section regarding limitations that apply to debit card transactions.

Computer Transfers - types of transfers - You may access your account(s) by computer using your personal identification number, a touch tone phone, your account numbers, and your member ID number, to:

transfer funds from one account to another account
make payments from share draft to loan accounts with us
make payments from share draft to third parties
make payments from share savings to loan accounts with us
make payments from share savings to third parties
request a check from your account
get information about:
- the account balance of share draft accounts
- deposits to share draft accounts
- withdrawals from share draft accounts
- the account balance of share savings accounts
- deposits to share savings accounts
- withdrawals from share savings accounts
- whether a share draft has cleared
- loans you have with us
- earned dividends

Please also see Limitations on frequency of transfers section regarding limitations that apply to computer transfers.

Limitations on frequency of transfers - In addition to those limitations on transfers elsewhere described, if any, the following limitations apply:

For security reasons, there are other limits on the number of transfers you can make by ATM.
For security reasons, there are other limits on the number of transfers you can make by telephone.
For security reasons, there are other limits on the number of transfers you can make by debit card.
For security reasons, there are other limits on the number of transfers you can make by computer.

Wire Transfer Agreement
1) If I send or receive a domestic wire transfer, Fedwire will be used. Regulation J is the law covering all Fedwire transactions. This means that my rights and liabilities in a wire transfer transaction involving Fedwire will be governed by Regulation J as well as this agreement.

2) This agreement and notice apply to wire transfers as defined in Commercial Law Title 4A and Subpart B of Regulation J of the Board of Governors of the Federal Reserve Bank System.

3) The Credit Union may establish or change cut off times for the receipt and processing of wire transfer requests, amendments to instructions and transaction cancellations. Unless other times are posted, the cut off time for transfers will be 3:00 p.m. for domestic transfers and 11:00 a.m. for foreign transfers CST (central standard time). The cut off times apply Monday through Friday and does not apply to credit union or federal holidays. (Transfers will not processed on Saturdays or Sundays.) Requests, amendments or cancellations received after the applicable cut off time may be treated as having been received on the next business day following the wire transfer request and processed accordingly.

4) The credit union may charge my account for the amount of any transfer and related fee initiated by me or any person authorized as a joint owner or any other authorized party with the right of access to the account from which the wire transfer is to be made.

5) I agree to the following security procedures established by the Credit Union:

a. If the wire transfer request is:

in person, I will be required to provide photo identification and sign a wire transfer form.

by telephone, I will be required to provide my account password and to verify information regarding my account.
A callback verification may be made to a secure telephone number. The telephone request and callback may be recorded.

by fax, I will be required to sign a wire transfer form. The signature will be verified to the signature on file on the member’s account card. A callback verification may be made to a secure telephone number. The callback may be recorded.

b. The Credit Union may at any time use a call back procedure to verify the authenticity of the wire transfer information. The call back procedure is the process of an authorized individual telephoning the originator of the transaction to verify the information. The callback will be made to a “secure telephone number” and will be recorded. In the event that the call back can not be completed or the information cannot be verified at the time of the call back, the Credit Union is under no obligation to proceed with the wire transfer request. A “secure telephone number” means a phone number that:

was provided by the member or joint owner/authorized user when the account was opened.

was a replacement telephone number provided by the member or joint owner/authorized user that was received at least 30 days prior to the receipt of the instruction.

was obtained from a public or private telephone directory that lists the member’s name.

c. I agree that the authenticity of wire transfer requests will be verified using the established security procedures. In the event that I do not agree to a security procedure, the Credit Union will have no obligation to accept any wire transfer request from me or any authorized parties on the account.

6) If I give the Credit Union a wire transfer request which identifies the beneficiary (recipient of the funds) by both name and identifying account number, payment may be made by the beneficiary’s bank on the basis of the identifying name or account number, even if the number identifies a person different from the named beneficiary. This means that I will be responsible to the Credit Union if the wire transfer is completed on the basis of the identification number provided.

7) If I give the Credit Union a wire transfer request which identifies an intermediary or beneficiary’s bank by both name and identifying account number, a receiving bank may rely on the number as the proper identification even if it identifies an entity other than the named bank. This means that I will be responsible for any loss or expenses incurred by receiving bank that executes or attempts to execute the transfer request in reliance on the identifying number provided.

8) The Credit Union will be obligated to pay dividend on unauthorized or ineffective transfers only if I notify the Credit Union of relevant facts within 60 days after the date I receive notification from the Credit Union that the request was accepted or that my account was debited with respect to the request. If the Credit Union becomes obligated to pay divided to me, I agree the rate of dividend to be paid shall be equal to the dividend or rate, in the form of a daily rate, applicable to the account at the Credit Union to which the wire transfer should have been made to or from which the wire transfer was made.

9) If an international wire transfer is requested, the transfer period could be a minimum of ten (10) days.

10) I have a duty to exercise care to discover erroneous wire transfer requests. If I do not notify the Credit Union that an error was made within 60 days after the date I receive notification from the Credit Union that a wire transfer request was completed, I will be liable to the Credit Union for the loss incurred as a result of my failure to exercise that duty of care.

11) I will be charged for wire transfer transactions as declared on Dupaco’s fee schedule.

12) I have read and understand the above agreement and notices and agree to their terms. I authorize the Credit Union to execute all wire transfer requests authorized by me and charge my account in the amount requested including applicable charges.

FEES

We do not charge for direct deposits to any type of account.
We do not charge for preauthorized payments from any type of account.
Please refer to our separate fee schedule for additional information about fees.

Except as indicated elsewhere, we do not charge for these electronic fund transfers.

NOTICE REGARDING ATM FEES BY OTHERS. If you use an automated teller machine that is not operated by us, you may be charged a fee by the operator of the machine and/or by an automated transfer network.

DOCUMENTATION

Terminal transfers. You can get a receipt at the time you make any transfer to or from your account using one of our automated teller machines or point-of-sale terminals.
Preauthorized credits. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can call us at (563) 557-7600 to find out whether or not the deposit has been made.
Periodic statements.
If you have a share draft (checking) account with us, you will get a monthly account statement from us for all of your accounts.
If you have a share draft (checking) account with us, you will get a monthly account statement from us for your share savings accounts, unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly.

PREAUTHORIZED PAYMENTS

Right to stop payment and procedure for doing so. If you have authorized us to make regular payments from your account, you can stop any of these payments. Here is how:
Call or write us at the telephone number or address listed in this brochure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.
Please refer to our separate fee schedule for the amount we will charge you for each stop-payment order you give.
Notice of varying amounts. If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)
Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

FINANCIAL INSTITUTION’S LIABILITY

Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

(1)If, through no fault of ours, you do not have enough money in your account to make the transfer.
(2)If you have an overdraft line and the transfer would go over the credit limit.
(3)If the automated teller machine where you are making the transfer does not have enough cash.
(4)If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
(5)If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
There may be other exceptions stated in our agreement with you.

CONFIDENTIALITY

We will disclose information to third parties about your account or the transfers you make:

where it is necessary for completing transfers; or
in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
in order to comply with government agency or court orders; or
if you give us written permission.

UNAUTHORIZED TRANSFERS

(a) Consumer liability.

* Generally. Tell us AT ONCE if you believe your card and/or code has been lost or stolen. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days, you can lose no more than $50 if someone used your card and/or code without your permission. (If you believe your card and/or code has been lost or stolen, and you tell us within 2 business days after you learn of the loss or theft, you can lose no more than $50 if someone used your card and/or code without your permission.)

If you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500.

Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time.

If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

* Additional Limits on Liability for Money Card Debit Card, when used for point-of-sale transactions. You will not be liable for any unauthorized transactions using your Money Card Debit Card, when used for point-of-sale transactions, if: (i) you report the loss or theft of your card within 24 hours of when you discover the loss or theft, (ii) you can demonstrate that you have exercised reasonable care in safeguarding your card from the risk of loss or theft, (iii) you have not reported to us two or more incidents of unauthorized use within the prior twelve-month period, and (iv) your account is in good standing. If any of these conditions are not met, your liability is the lesser of $50 or the amount of money, property, labor, or services obtained by the unauthorized use before notification to us. "Unauthorized use" means the use of your debit card by a person, other than you, who does not have actual, implied, or apparent authority for such use, and from which you receive no benefit.

(b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed in this brochure.

ERROR RESOLUTION NOTICE

In Case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed in this brochure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared.

Tell us your name and account number (if any).
Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
Tell us the dollar amount of the suspected error.

If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days.

We will determine whether an error occurred within 10 business days (20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (20 business days if the transfer involved a new account) for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened.

We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation.

You may ask for copies of the documents that we used in our investigation.

DUPACO COMMUNITY CREDIT UNION
SHARE DRAFT/MEMBER SERVICE
P.O. BOX 179
DUBUQUE, IOWA 52004-0179
Business Days: Monday through Friday
Excluding Observed Holidays
Phone: (563) 557-1700 Ext. 205 or 1-800-383-1700 Ext. 205
Non-Business Hours: 1-800-453-4270

MORE DETAILED INFORMATION IS AVAILABLE
ON REQUEST

YOUR ABILITY TO WITHDRAW FUNDS

This policy statement applies to all accounts.

Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written.

Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

If you make a deposit at an ATM before 6:00 P.M. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at an ATM after 6:00 P.M. or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.

If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

LONGER DELAYS MAY APPLY

Case-by-case delays. In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit. The first $100 of your deposits, however, may be available on the first business day.

If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit.

If you will need the funds from a deposit right away, you should ask us when the funds will be available.

Safeguard exceptions. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:: We believe a check you deposit will not be paid.; You deposit checks totaling more than $5,000 on any one day.; You redeposit a check that has been returned unpaid.; You have overdrawn your account repeatedly in the last six months.; There is an emergency, such as failure of computer or communications equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the ninth business day after the day of your deposit.

SPECIAL RULES FOR NEW ACCOUNTS

If you are a new member, the following special rules will apply during the first 30 days your account is open.

Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit.

Funds from all other check deposits will be available on the ninth business day after the day of your deposit.

DEPOSITS AT AUTOMATED TELLER MACHINES

Funds from any deposits (cash or checks) made at Automated Teller Machines (ATMs) will be available on the second business day after the day of deposit except that the first $50.00 will be available for withdrawal at the time of deposit, the next $100.00 and U.S. Treasury checks that are payable to you (deposited at ATMs that we own or operate) will be available on the first business day after the day of deposit. Checks drawn on Dupaco Community Credit Union will be available on the first business day after the day of deposit if the deposit is made at an ATM located on our premises.

TRUTH-IN-SAVINGS DISCLOSURE
SHARE SAVINGS ACCOUNT (S1)

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

Dividend period - For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is March 31.

If you close your share account before dividends are paid, you will receive the accrued dividends as of the date of closing.

Minimum balance requirements:

The minimum balance required to open this account is $25.00.

You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

During any month, you may not make more than four withdrawals or transfers to another credit union account of yours or to a third party by means of a computer transfer, telephonic order or instruction, or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.

Par value of a share:

The par value of a share in this account is $25.00.

SPECIAL MEMBER SAVINGS ACCOUNT (OTHER S-TYPE)

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.

If you close your share account before dividends are paid, you will receive the accrued dividends to the closing date.

Minimum balance requirements:

No minimum balance requirements apply to this account.

Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

Par value of a share:

The par value of a share in this account is $1.00.

CHRISTMAS CLUB ACCOUNT (S4)

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every quarter. Dividends will be credited to your account every January 31, April 30, July 31, and October 31.

Dividend period - For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is November 1, and the ending date of such dividend period is January 31 of the following year. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

If you close your share account before dividends are paid, you will receive the accrued dividends to the date of closing.

Minimum balance requirements:

The minimum balance required to open this account is $5.00.

You must maintain a minimum daily balance of $5.00 in your account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

You may make withdrawals from this account within the first seven days after account opening without penalty. After that period you may not make any withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party, except on the distribution date each year.

On October 31 of each year, the balance in this account will be paid to you by a transfer to another account of yours.

If any withdrawal is made from this account before the end of the club year, then this account will be closed and cannot be reopened during the same club year.

INSURED INVESTORS CHOICE ACCOUNT (S6)

Rate Information - The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Interest will be compounded every month. Interest will be credited to your account every month.

Interest period - Interest on the Insured Investors Choice account will be paid on a day-of-deposit to day-of-withdrawal basis, and shall be posted to the account on the last day of each month.

If you close your Insured Investors Choice account before interest is paid, you will receive the accrued interest as of the date of closing.

Minimum balance requirements:

The minimum balance required to open this account is $10,000.00.

You must maintain a minimum daily balance of $10,000.00 in your account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.

Transaction limitations:

The minimum amount you may withdraw is $250.00 per withdrawal.

During any month, you may not make more than three withdrawals or transfers to another credit union account of yours or to a third party by means of a computer transfer, telephonic order or instruction, check, draft, debit card (if applicable), or similar order to a third party.

INSURED MONEY MANAGEMENT ACCOUNT (S7)

Rate Information - The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Interest will be compounded every month. Interest will be credited to your account every month.

Interest period - Interest on the Insured Money Management account will be paid on a day-of-deposit to day-of-withdrawal basis, and shall be posted to the account on the last day of each month.

If you close your Insured Money Management account before interest is paid, you will receive the accrued interest as of the date of closing.

Minimum balance requirements:

The minimum balance required to open this account is $2,500.00.

You must maintain a minimum daily balance of $2,500.00 in your account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.

Transaction limitations:

The minimum amount you may withdraw is $250.00 per withdrawal.

During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer, telephonic order or instruction. No more than three of six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party.

FIRST RATE (CHECKING) ACCOUNT (S16)

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded daily and credited monthly to your account.

Dividend period - For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

If you close your share account before dividends are paid, you will receive the accrued dividends.

Minimum balance requirements:

The minimum balance required to open this account is $5,000.

You must maintain a minimum daily balance of $5,000 in your account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

There is a 20 cent charge per check or deposit item in the excess of 125 per month. No other transaction limitations apply to this account unless otherwise stated in the Common Features section.

COMMON FEATURES

Bylaw requirements:

You must maintain one share in your Share Savings (S1) account as a condition of membership.

Transaction limitation - We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D.

Nature of dividends - Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

National Credit Union Share Insurance Fund - Member accounts in this credit union are federally insured by the National Credit Union Share Insurance Fund. Your funds federally insured to $100,000 by the National Credit Union Administration, a U.S. Government Agency.

Please refer to our separate fee and rate schedules for additional information about charges and rates on the disclosed accounts.

SHARE DRAFT (CHECKING) ACCOUNT (S8)

Rate Information:

No dividend paid on this account.

Minimum balance requirements:

The minimum balance required to open this account is $50.00.

Transaction limitations:

No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Par value of a share:

The par value of a share in this account is $1.00.

COMMON FEATURES

Bylaw requirements:

You must maintain one share in your Share Savings (S1) account as a condition of membership.

Please refer to our separate fee and rate schedules for additional information about charges and rates on the disclosed accounts.

HEALTH SAVINGS ACCOUNT (S12)

Rate Information:

The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend period - For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is March 31.

If you close your share account before dividends are paid, you will receive the accrued dividends.

Minimum balance requirements:

The minimum balance required to open this account is $25.00.

Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

No transaction limitations apply to this account unless otherwise stated in the Common Features section.

Par value of a share:

The par value of a share in this account is $1.00.

Bylaw requirements:

You must maintain one share in your Share Savings (S12) account as a condition of membership.

Please refer to our separate fee and rate schedules for additional information about charges and rates on the disclosed accounts.

COMMON FEATURES

Bylaw requirements:

You must maintain one share in your Share Savings (S1) account as a condition of membership.

Nature of dividends - Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

Please refer to our separate fee and rate schedules for additional information about charges and rates on the disclosed accounts.

CHECK 21 DISCLOSURE

What is Check 21?

Effective October 28, 2004, the “Check Clearing for the 21st Century Act”—or Check 21—will speed check processing by providing for the creation of a new negotiable instrument known as a “substitute check”.

What are the Benefits of the Check 21?

Check 21 will bring the nation’s check-payment system into the digital age and improve financial service. Benefits to consumers include:

• Faster Check Clearing—Check 21 will cut the amount of time a check takes
to clear from days to hours. This will help give you a far more accurate picture of your account balance.
• Fraud Detection—Because checks will clear faster, fraud can be detected
and investigated sooner. This will help limit potential losses to both you and
your credit union.
• Quicker Response—When you have questions, digital-check images can
be accessed faster and more efficiently for problem resolution.
• Security—Checks will no longer have to be physically transported via truck,
train, or plane for processing, thus enhancing confidentiality.

How will Check 21 impact me?

The changes involved with Check 21 will be transparent to you most of the time. However, because float time for checks to clear will be dramatically reduced, please be sure that you have sufficient funds in your account to cover the payment at the time you write a check. In addition, write out checks in blue or black ink whenever possible and avoid light-colored jel pens or felt-tipped markers, as the resulting image does not scan well.

What is a substitute check?

To make check processing faster, federal law permits banks to replace original checks with "substitute checks." These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: "This is a legal copy of your check. You can use it the same way you would use the original check." You may use a substitute check as proof of payment just like the original check. If a substitute check meets all the legal requirements of the original check, then the substitute check is indeed a real check and possesses the same legal equivalence of the original check.

No financial institution can refuse to pay a substitute check. Some or all of the checks that you receive back from us may be substitute checks. This notice describes rights you have when you receive substitute checks from us. The rights in this notice do not apply to original checks or to electronic debits to your account. However, you have rights under other law with respect to those transactions.

What are your rights regarding substitute checks?

In certain cases, federal law provides a special procedure that allows you to request a refund for losses you suffer if a substitute check is posted to your account (for example, if you think that we withdrew the wrong amount from your account or that we withdrew money from your account more than once for the same check). The losses you may attempt to recover under this procedure may include the amount that was withdrawn from your account and fees that were charged as a result of the withdrawal (for example, bounced check fees). The amount of your refund under this procedure is limited to the amount of your loss or the amount of the substitute check, whichever is less. You also are entitled to dividends on the amount of your refund if your account is a dividend-bearing account. If your loss exceeds the amount of the substitute check, you may be able to recover additional amounts under other law. If you use this procedure, you may receive up to $2,500 of your refund (plus dividends if your account earns dividends) within 10 business days after we received your claim and the remainder of your refund (plus dividends if your account earns dividends) not later than 45 calendar days after we received your claim. We may reverse the refund (including any dividend on the refund) if we later are able to demonstrate that the substitute check was correctly posted to your account.

How do you make a claim for a refund?

If you believe that you have suffered a loss relating to a substitute check that you received and that was posted to your account, please write to us at the address listed on your statement. You must contact us within 40 calendar days of the date that we mailed (or otherwise delivered by a means to which you agreed) the substitute check in question or the account statement showing that the substitute check was posted to your account, whichever is later. We will extend this time period if you were not able to make a timely claim because of extraordinary circumstances. Your claim must include—

A description of why you have suffered a loss (for example, you think the amount withdrawn was incorrect);
An estimate of the amount of your loss;
An explanation of why the substitute check you received is insufficient to confirm that you suffered a loss; and
A copy of the substitute check or information to help us identify the substitute check, for example the check number, the name of the person to whom you wrote the check, and the amount of the check.

PATRIOT ACT

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, telephone number, date of birth, social security number, employer, drivers license number or picture id. We may also ask to see a copy of these identifying documents.