UNITED  FOOD  AND  COMMERCIAL  WORKERS  UNION

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YOUR CREDIT UNION SERVICES FOR ALL MEMBERS OF

U.F.C.W. UNION, LOCAL 919

Dear Member:

THE PAYROLL DEDUCTION PLAN:

If you find it difficult to save and hard to pay back loans, you will find the payroll deduction to be the answer. Funds are automatically deducted from your paycheck by your Employer and sent to the Credit Union. You determine the amount you wish to be deducted each pay period and it will be credited to your account for either savings or repayment of a loan. A quarterly computerized statement will be sent to you advising of the current status of your account. An individual identification card will enable you to check your balance or make withdrawals from your account at any time.

WHAT KIND OF SAVINGS ACCOUNTS ARE AVAILABLE?

CHRISTMAS CLUB: Christmas Club checks are issued the first week in October. Dividends are compounded daily and paid monthly. (Nominal fee for early withdrawal.)
VACATION CLUB: Vacation Club checks are issued the first week in May. Dividends are compounded daily and paid monthly. (Nominal fee for early withdrawal.)
REGULAR SAVINGS: No notice is required for withdrawal. Dividends are compounded daily and paid monthly.
N.O.W. CHECKING ACCOUNT: Interest-earning checking account with no service fee and no minimum balance with Net Pay or an average monthly balance of $500.00. If the average monthly balance falls below $500.00, an $8.00 service fee will be charged. Dividends are compounded daily and paid monthly. Monthly statements show activity.
MONEY MARKET FUND ACCOUNT: Dividends are compounded daily and paid monthly. Checks are offered. $1,000.00 minimum deposit. Rate subject to change and member receives average rate for the month.
TERM CERTIFICATES: Three months to five years. Dividends are compounded daily and paid monthly. Rates are subject to change. $500.00 minimum deposit.
INDIVIDUAL RETIREMENT ACCOUNTS: Metropolitan Credit Union is an IRS qualified financial institution for starting and maintaining your IRA. This tax-sheltered savings and investment plan is designed in a variety of plans to best suit your specific needs: IRA Term Certificates with various maturities, IRA Rollovers, and IRA Accumulator.

All dividends are posted monthly. Deposits are Federally insured in full up to $100,000.00 by the National Credit Union Administration (NCUA), and additional funds over and above $100,000.00 will be insured by Massachusetts Credit Union Share Insurance (MSIC.)