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 $100,000 by the NCUA. AUTO LOAN INFORMATION: Auto Loan Rates indicated are for up to a 36 Month Term and include a .10% discount for members with Loyalty Rewards Checking. Other rates and terms are available. 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 5.49% 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 $301.91. HOME EQUITY LINE OF CREDIT: As of 5/1/2008, 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 4.50% based on a Wall Street Journal Prime Rate of 5.00% 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 100% 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 5/1/2008, this would have been as low as 4.50% 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 5.00%. 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. HOME EQUITY LOAN SPECIAL: Your 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.) will be based on your credit worthiness and ability to repay. This offer is for loans of $20,000 or more. The published "as low as" rate includes a .10% bp discount for auto pay from a BCCU checking account. An equity loan of $20,000 with a 5-year term at 5.99% 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. results in 60 monthly payments of $386.56. Homeowners insurance is required. Offer good for new BCCU loans only. Rate and offer is subject to change at any time. BCCU VISA CARD INFORMATION This information is accurate as of 5/1/2008. This information is subject to change without notice. To find out what may have changed, call (800) 669-3381 or write us: Bellwether Community Credit Union., 425 Hooksett Road, Manchester, NH 03104. This disclosure is provided in addition to information provided in the BCCU Visa application brochure. 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 apply to purchases, cash advances and balance transfers. The default rate will remain in effect for six months. After six months the Credit Union will have the option to keep the default rate in place or reinstate the standard purchase 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.. Promotional APRs WILL NOT be reinstated after an account has been subject to the default rate. BALANCE TRANSFER TERMS & CONDITIONS: 1. If the transfer information you provide is incomplete, BCCU will not be able to process the transfer request. Transfers will be sent to only recognized creditors or financial institutions and will not be sent to your home or billing address. 2. Please continue to make your minimum required payment until the requested transfer payment appears on that account's billing statement. BCCU is not responsible for any remaining balance on that account, or for any finance or other charges you incur due to delays in transferring a balance. 3. If you transfer an amount for a transaction you dispute, you may lose some or all of your rights against the other creditor. 4. While BCCU can pay your accounts directly, BCCU can not close them for you. If you wish to close any of the transfer accounts, you must do so yourself. 5. Account balance transfers are contingent upon account setup and assigned credit limit. In some cases BCCU may not be able to process a balance transfer request. INTRODUCTORY/SPECIAL APRs: If you make two consecutive late payments to us, or you exceed your credit line, any introductory/special rates terminate and the default 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 apply to purchases and balance transfers. Promotional APRs WILL NOT be reinstated after an account has been subject to the default rate. PAYMENT ALLOCATION: We apply payments to balances with low introductory/special APRs (such as special balance transfer and purchase APRs) prior to balances with standard APRs. REWARDS PROGRAM: Points will expire four years from the end of the calendar year in which they are earned, and will expire on a first-in, first-out basis annually. (e.g. points earned in calendar year one will expire on the last business day of calendar year five.) SHARE/SAVINGS RATE INFORMATION: Dividends are compounded and paid monthly. Each member account is Federally Insured to at least $100,000 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 |