Truth In Savings Disclosure

Fee Schedule

Universal Disclosure Statement

Bounce Safe / Overdraft Courtesy Policy

Patroit Act

Notice of Privacy Practices

Equal Housing Lender

Truth In Savings Disclosure

Important Facts About Share Accounts

Regular Savings/Club Savings/IRA Accumulation/SEP Accumulation

Rate Information
The dividend rate and annual percentage yield may change every dividend period based on credit union earnings. We may change the dividend rate at any time for your account as determined by the credit union Board of Directors. The Board of Directors declare the dividend for a dividend period at its regular scheduled board meeting held in the third month of the quarter.

Compounding and Crediting
Dividends will be compounded quarterly on the average daily balance. Dividends will be posted to your account on the last day of every quarter.

Dividend Period
For Regular, Club, IRA and SEP Savings the dividend period is quarterly. For example, the beginning date for the first dividend period of the calendar year is January 1, and the ending date of the dividend period is March 31. Posing date of dividends is the first day of the quarter. All other dividends periods follow this pattern.

Minimum Balance Requirement
You must maintain a minimum average daily balance of $25 in your account to obtain the disclosed annual percentage yield.

Accrual of Dividends on Non Cash Deposits
Dividends will begin to accrue on the business day that you deposit non-cash items (checks are non cash items) to your account.

Transaction Limitations
There are no limitations on the number of dollar amount of either deposits or withdrawals. Automatic transfers and/or overdraft coverage tied to any checking account(s) will be limited in accordance with Reg D.

Par Value of Share
Par (Participating) value of share in the credit union is $25. At any time this amount can be on deposit in any account.

Personal Reserve, Personal Reserve IRA and Rainy Day

Rate Information
The dividend rate and annual percentage yield may change every dividend period and is based on credit union earnings. We may change the dividend rate for you account as determined by the credit union Board of Directors. The Board of Directors declare the dividend for a dividend period at its regular scheduled board meeting held in the third month of the quarter. Benchmark rate based on current Kentucky Telco Regular Savings PLUS index:

Personal Reserve -
Average Quarterly balance:

Rainy Day -
Average Quarterly balance:
Compounding And Crediting
Dividends will be compounded quarterly on the daily balance. Dividends will be posted to your account on the last day of every quarter.

Dividend Period
For Personal Reserve and rainy Day Savings the dividend period is quarterly, for example, the beginning date for 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.

Minimum Balance Requirement - Personal Reserve
You must maintain a minimum daily balance of $5,000 in your account to obtain the disclosed annual percentage yield, other wise the standard dividend for Regular Savings will apply.

Minimum Balance Requirement - Rainy Day
You must maintain a minimum daily balance of $25 in you account to obtain the disclosed annual percentage yield.

Accrual of Dividends on Non Cash Deposits
Dividends will begin to accrue on the business day that you deposit non-cash items (checks are non cash items) to your account.

Transaction Limitations
There are limitations on the number or dollar amount of either deposits or withdrawals.

Personal Reserve - Withdrawals limited to not less than $500.

Rainy Day - No more than three withdrawals, of not less than $50 each, per calendar month. Must deposit at least $50 per calendar month into account.

Personal Reserve and Rainy Day are not MAX24 or ATM accessible.

Classic Checking

Rate Information
Classic Checking accounts earn no dividends.

Minimum Balance Requirements
No minimum balance requirements apply to this account.

Transaction Limitations
There are no limitations on the number of dollar amount of either deposits or withdrawals. Federal regulations limit the number of cross account transfers that can be made on any checking account to no more than six in any calendar month.

Business Checking

Rate Information
Business Checking accounts earn no dividends.

Minimum Balance Requirement
No minimum balance requirements apply to this account, however to avoid a monthly fee a $5,000 Average Daily Balance must be maintained.

Transaction Limitations
There are no limitations on the number or dollar amount of either deposits or withdrawals. Federal regulations limit the number of cross account transfers that cc an be made on any checking account to no more than six in any calendar month.

Fees and Charges
The monthly fees for Business Checking is $10.00 unless a $5,000 Average Daily Balance is maintained.

Corporate Reserve (requires Business Checking)

Rate Information
The dividend rate and annual percentage yield may change every dividend period and is based on Credit Union earnings. We may change the dividend rate for your account at any time based on market conditions. Dividends are based on the current Kentucky Telco Regular Savings rate PLUS index:

Average Quarterly Balance:

Compounding And Crediting
Dividends will be compounded quarterly on the average quarterly balance. Dividends will be posted to your account on the last day of every quarter.

Dividend Period
For the Corporate Reserve the dividend period is quarterly, for example, the beginning date for 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.

Minimum Balance Requirement
You must maintain a minimum daily balance of $5,000 in your account to obtain the disclosed annual percentage yield. If you do not maintain minimum balance, no dividends are earned.

Accrual of Dividends on Non Cash Deposits
Dividends will begin to accrue on the business day that you deposit non-cash items (checks are non cash items) to your account.

Transaction Limitations
There are limitations on the number or dollar amount of either deposits or withdrawals.

Withdrawals are limited to $500 minimum. No restrictions on deposit amount or frequency. Automatic overdraft coverage in minimum transfer amounts of $500. Limited to three transfers per month with $5 per daily transfer.

Money Market Plus Checking

Rate Information
The dividend rate and annual percentage yield may change every dividend period based on credit union earnings. We may change the dividend rate for your account at any time based on market conditions and rates. Dividends are based on the current Kentucky Telco Regular Savings PLUS five basis points.

Compounding ac Crediting
Dividends will be compounded monthly on the average daily balance. Dividends will be posted to your account on the last day of every month.

Dividend Period
For Money Market Plus Checking the dividend period is monthly. For example, the beginning date for the first dividend period of the calendar year is January 1, and the ending date of the dividend period is January 31. Posting date of dividends is the last day of the month. All other dividend periods follow this pattern.

Minimum Balance Requirement
You must maintain a minimum balance of $1,500 in you account to obtain the disclosed average daily annual percentage yield.

Accrual of Dividends on Non Cash Deposits
Dividends will begin to accrue on the business day that you deposit non-cash items (checks are non cash items) to your account.

Transaction Limitations
There are no limitations on the number of dollar amount of either deposits or withdrawals. Federal regulations limit the number of cross account transfers that can be made on any checking account to no more than six in any calendar month.

Fees and Charges
The monthly fee for Money Market Plus Checking is $10.00 unless a $1,500 average daily balance is maintained.

Freedom Club Checking

Rate Information
The dividend rate and annual percentage yield may change every dividend period based on credit union earnings. We may change the dividend rate for your account at any time based on market conditions and rates. Dividends are based on the current Kentucky Telco Regular Savings PLUS ten basis points.

Compounding and Crediting
Dividends will be compounded monthly on the average daily balance. Dividends will be posted to your account on the last day of every month.

Dividend Period
For Freedom Club Checking the dividend period is monthly. For example, the beginning date for the first dividend period of the calendar year is January 1, and the ending date of the dividend period is January 31. Posting date of dividends is the last day of the month. All other dividend periods follow this pattern.

Minimum Balance Requirement
No minimum balance requirements apply to this account.

Accrual of Dividends on Non Cash Deposits
Dividends will begin to accrue on the business day that you deposit non-cash items (checks are non cash items) to your account.

Transaction Limitations
There are no limitations on the number of dollar amount of either deposits or withdrawals. Federal regulations limit the number of cross account transfers that can be made on any checking account to no more than six in any calendar month.

Fees and Charges
Freedom Club membership is a requirement for having a Freedom Club Checking Account. The Freedom Club is limited to persons 50 years of age and older or retired. The monthly fee for Freedom Club membership is $1.50.

Certificate Account

IRA Certificate Account

Rate Information
We may change the dividend rate at any time for your account as determined by the credit union Board of Directors.

The dividend rate and annual percentage yield may change every dividend period based on credit union earnings. We may change the dividend rate for your account at any time based on market conditions and rates.

Compounding and Crediting
Dividends will be compounded quarterly on the average daily balance. Dividends will be posted to your account on the last day of each calendar quarter as well upon maturity for certificates with maturities longer than six months. For Certificates with maturities six months or less, credit for dividends will be posted at maturity.

Dividend Period
For Certificate Accounts with maturities of six months or longer the dividend period is each calendar quarter and, if the maturity falls on a date other than the end of a calendar quarter, at maturity. For example, the beginning date for the first dividend period of the calendar year is January 1, and the ending date of the dividend period is March 31. All other dividend periods follow this pattern. A Certificate purchased March 20 would then receive dividend on March 31 and again each calendar quarter after that, as well as upon maturity.

For Certificate Accounts with maturities of six months or less, the dividend period will be determined by the length of the Certificate. For example, if the beginning date for the Certificate is January 1 and the maturity date is April 30, then the maturity date is the ending date for the dividend period.

Early Withdrawal
If you close your account prior to maturity there will be a dividend penalty assessed, which at no time will exceed dividends accrued or paid. Penalty would be assessed at the following Rate:

Up to 12 Months - 30 Days Dividend
Over 12 Months - 90 Days Dividend

Minimum Balance Requirement
You must maintain a minimum balance of $500 in your account to obtain the disclosed annual percentage yield.

Accrual of Dividends on Non Cash Deposits
Dividends will begin to accrue on the business day that you deposit non-cash items (checks are non cash items) to your account.

Transaction Limitations
You may not deposit additional fund to this account during the term of the certificate. Withdrawals are allowed, subject to terms and conditions set forth. The initial deposit must be at least $500. Early withdrawal is subject to a penalty of an amount equal to the interest that would be earned for one quarterly dividend period, not to exceed total dividends paid and/or accrued.

Renewal
Your Certificate Account will automatically renew at maturity at the then current rate for a like term certificate. The credit union will mail you a written notice 10 -days prior to maturity of Certificate Accounts. You will have a 7-day grace period following maturity date to withdraw funds in the account without a penalty.

Common Features

Bylaw Requirements
Membership in credit union is a requirement for any service. Minimum Par (Participating) value of a share in credit union is $25, to be deposited to any account. Members must maintain an amount equal to one share in an account at all times.

Members are bound by such rules and requirement as may be set from time to time by the Board of Directors. The credit union may require members to give written notification 9not more than 60 days) of intent to withdraw funds. No member may withdraw funds pledged as security for any loan, except as permitted by credit union. The credit union may restrict withdrawals if a member is delinquent on any primary or contingent liability to the credit union.

Transaction Limitations
The credit union may from time to time amend rules governing deposits, transactions, fees, charges and withdrawals.

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

Average Daily Balance Method
Dividends are figured by adding up each balance in the account for each day in the dividend period and dividing by the number of days in the period. The periodic rate is then applied to that average daily balance.

Example: Dividend Period = monthly or 30 days
Days 1 - 15: $1,500 (balance) X 15 = $22,500
Days 16 - 30: $3,000 (balance) X 15 = $45,000
($22,500 + $45,000) / 30 = $2,250 (avg. daily balance)

The periodic rate is calculated by multiplying the daily rate by the number of days in the period.

Example: .0136 (daily rate) X 30 days = .408 periodic rate)
.408 (periodic rate) X $2,250 (avg. daily balance) = 49.18 dividends for period

Minimum Balance Requirements
The amount needed to open an account, and the average daily balance you must maintain in an account to earn dividends or avoid a service fee.

Account Insurance
Member accounts are federally insured to $100,000 by the National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the United States.

YOUR ACCOUNT

There are accounts you have opened or asked about. Details regarding these accounts are included in this brochure. Additional information may be included with your account materials, certificates, separate disclosures and periodic statement.

Dividend Rate is the annual rate paid on an account before compounding.

Annual Percentage Yield or APY is the percentage rate reflecting on the total amount of dividends earned on an account, at the base dividend rate, when the dividend is compounded and the funds left in the account for a 365 day (one year) period. The APY includes the effect of compounding and assumes that the principal (balance) and all dividends remain in the account for 365 days.

Fee Schedule

Universal Disclosure Statement

Checking/ATM/SmartCash Debit Card/Bill Payer/Electronic Fund Transfer/Bounce Safe Overdraft Courtesy

AGREEMENT
This agreement and disclosure statement (hereafter called "Agreement") applies to any checking account (Classic Checking, Money Market Plus Checking, Business Checking or Freedom Club Checking), ATM (Automatic Teller Machine) card, debit card (SmartCash Visa Check Card), any Bill Payer Service and any EFT (Electronic Fund Transfer) issued by, or for Kentucky Telco Federal Credit Union, Louisville, Kentucky ("we," "us," or "our"). By signing an application for, or using any account, card or electronic transfer, you agree to be bound to the provisions of this Agreement and Disclosure Statement. ("You," "Your" and "Yours" refers to each person who signs any application or uses any account, card or electronic transfer.)

MEMBER OBLIGATION
If you believe your Kentucky Telco issued checks, ATM card, SmartCash Visa Check Card or personal identification number has been lost or stolen you must tell us upon discovery. You will have no liability if you tell us within 2 business days after you learn of loss or theft of your SmartCash Visa Check Card unless it is used at an ATM, as an Interlink card or cards issued outside the U.S. After 2 business days you can lose no more than $50 if someone used your SmartCash Visa Check Card without your knowledge and/or permission. If you tell us within 2 business days after you learn of loss or theft of your ATM card or Personal Identification Number you can lose no more than $50 if someone used your card without your knowledge and/or permission. Use of any card and/or personal identification number for any purpose by any member of your household or a related family member will be considered to be authorized use by you. If you do NOT tell us within 2 business days after learning of loss or theft of your ATM/SmartCash card or Personal Identification Number you could lose up to $500. If your statement shows transfers, withdrawals or other activity you did not authorize or 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 of the money you lost if we prove that we could have stopped someone from taking the money had you told us. Provisional credit for unauthorized use of SmartCash Visa Check Card's will be given within 5 business days of receipt of notification from you. For billing errors we have 10 business days to give provisional credit. For errors involving point of sale transactions or transactions outside of the U.S. we have 20 business days to correct the error. We can, at our option, extend the time period if a good reason (such as extended hospital stay) kept you from telling us.

ERROR RESOLUTION
If an error involves a purchase of goods or services with your card or a point of sale or debit card transaction, you must first make a good faith effort to return the item, resolve dispute and/or provide merchant with a chance to correct the problem before we will do anything. If you tell us about an error or problem orally, we may ask that you provide us with your complaint or question in writing within ten business days for us to take any further action. Providing you follow steps outlined here and above in MEMBER OBLIGATION to report an error or problem we will tell you the results of our investigation within ten business days after we hear from you and will correct any error promptly. If more time is needed to complete our investigation we may take up to 90 business days. If we do this we will notify you and provisionally credit your account with the disputed amount during the period of our investigation. If your written complaint involves EFT activity on an account within 30 days of the first deposit to the account, our time period for response/credit shall be 20 business days instead of 10 business days. If we ask you to put your complaint in writing, and do not receive it in ten business days, we may not credit your account. If we decide there was no error, we will notify you in writing within two business days after we complete our investigation.

ADDRESS & TELEPHONE NUMBER FOR NOTIFICATION
Call (502) 459-3000 or (800) 292-9490 during regular business hours. After regular business hours for credit cards call (800) 654-7728, for debit cards call (800) 264-5578 or write:
Kentucky Telco Federal Credit Union
Post Office

Box 18303
Louisville, KY 40261-0303

BUSINESS DAY
Our business days are Monday through Friday, 8:30 a.m. to 4:00 p.m. Eastern Time. Credit Union holidays are not included.

SERVICES/USE OF BILL PAYER SERVICE AVAILABLE
You authorize Credit Union to post payment transactions generated by Personal Computer, Telephone or other device from the Bill Payer Service to the account indicated on the form sent electronically or otherwise. If at any time you wish to discontinue service you must provide written notification to us. Payments may take up to five (5) business days to reach the vendor and may be sent either electronically or by check. The credit Union is not liable for any service fees or late charges levied against you. You are liable for any loss or penalty that may occur due to lack of sufficient funds or other conditions that may prevent the withdrawal of funds from your account. All charges will be automatically deducted from your account.

CHARGES FOR BILL PAYER
At our option we may charge a set up fee, monthly access fee, per transaction fee or other charges we elect. The current charges are:

Initial set up charge $10.00
Monthly User Fee with Direct Advantage FREE
Monthly User Fee without Direct Advantage $3.00
We may amend these charges from time to time

SERVICES/USE OF ATM CARD AVAILABLE
You may use your ATM card to:

Withdraw cash from your primary (or designated) savings or checking account.
Make deposits to your primary savings or checking account at selected Automatic Teller Machines. Transfer funds between your primary (or designated) savings and checking account.
Pay for purchases at places that have agreed to accept the ATM Card.
Some of these services may not be available at all terminals.

 SERVICES/USE OF SMARTCASH CARD AVAILABLE
You may use the SmartCash Card to purchase goods or services from any merchant or company that accepts Visa cards or to obtain cash from any financial institution that accepts the Visa card. You agree to sign a sales draft or withdrawal voucher for each purchase or cash withdrawal, and you authorize us to debit or credit (whichever is appropriate) your designated checking or saving account for the total amount shown on any sales draft, withdrawal or credit voucher originated by the use of the card. You may also use the SmartCash Card to:

Withdraw cash from your primary (or designated) savings or checking account.
Make deposits to your primary savings or checking account at selected Automatic Teller Machines.
Transfer funds between your primary (or designated) savings and checking account.
Pay for purchases at places that have agreed to accept the ATM Card.
Some of these services may not be available at all terminals.

FOREIGN TRANSACTIONS
To the extent that you use the SmartCash card in any country other than the United States of America, your statement may reflect the conversion into U.S. dollars transactions occurring in that other country in a different currency. The exchange rate applied to such transactions in effect by the processing agent on the date of processing plus one percent will be charged. Limitation on use in some foreign countries may be placed from time to time by the credit union.

POINT OF SALE
In addition, cards may be used through Point of Sale terminals at selected merchants to access your checking account to:

Purchase goods and services from merchants who have agreed to accept your card as means of payment.
Withdraw cash in conjunction with a purchase of goods and services if permitted by merchant.
Perform balance inquiries if permitted by merchant.

CONDITIONS OF USE OF SMARTCASH/ATM/POINT OF SALE CARDS
When you use a Card to purchase goods or services from a merchant or make cash withdrawals from a financial institution, the merchant, company or financial institution may be required to obtain authorization for the transaction. As a security measure we limit the amount that may be withdrawn from your account by use of the card over a certain period of time. We may otherwise limit the use of the card at our discretion, and the provider of service or owner of the ATM. The privilege of using your card in no way constitutes an absolute right to withdraw funds from your account through the use of the card. If a transaction is approved we reserve the right to place a hold on your accounts with us for the approved amount. This means we may not approve subsequent transactions and we may not pay other items drawn on your checking account, even if the approved transaction is not completed. We will have no liability to you if, as a result of holds placed on your account when we approve any authorized use of the card, we refuse to pay any check, draft or other item drawn on your checking account. We will have no liability to you if we do not authorize any use of the card issued to you for any reason.

LIMITATIONS ON AMOUNTS AND FREQUENCY OF ATM/SALE TRANSACTIONS

You may make withdrawals, not to exceed $500 per day, at ATM networks subscribed to by the credit union which we may modify as from time to time. For security reasons there may be times when we further limit this amount.

You may make point of sale transactions in amounts not to exceed your daily authorization limit. For security reasons there may be times when we further limit this amount.

On deposits, you may withdraw up to $100 on the day of your deposit. This cash back feature is in addition to your available balance, but cannot exceed $500 per day. For security reasons there may be times when we further limit this amount.

You may use your ATM card for up to 15 transactions each day. For security reasons there may be times when we further limit this amount.

STOP PAYMENT
You waive any right to stop payment on any sales draft or other item originated by use of the card issued to you. To stop any pre authorized payments you have authorized you must contact us as specified in this agreement to obtain an affidavit of unauthorized debit activity and return the signed and notarized form to us by no later than one business day or more before the payment is scheduled to be made. We will assess a fee for each stop payment order you give.  

CHARGES
You may make unlimited ATM transactions per calendar month at no cost at in network ATMs.  SOME FINANCIAL INSTITUTIONS MAY ASSESS A FEE AT THEIR ATM. THIS FEE IS CHARGED BY THAT INSTITUTION FOR USE OF THE ATM AND WILL BE DISCLOSED PRIOR TO COMPLETION OF THE TRANSACTION BY YOU. To avoid the charge, simply cancel the transaction at that point. Otherwise the charge will be debited from your account in addition to the amount of any withdrawal. There is no other fee or charge associated with the Kentucky Telco ATM Card. SmartCash cards are free when issued with a Classic Checking with Direct Advantage (net deposit of payroll). SmartCash cards issued with a Classic Checking without Direct Advantage have a $1 per month fee.  There is no additional monthly fee when issued with either a Money Market Plus or Freedom Club Checking Accounts. We may amend these charges from time to time.

DOCUMENTATION
You will receive a receipt at the time of transaction at any ATM or point of sale terminal. You will receive a statement of account detailing each transaction in any month there is activity, or in any event at least quarterly. No copy or facsimile of any sales draft or item originated by use of your ATM or SmartCash Card will be provided to you with any statement. Providing you make a request in a reasonable time following procedures established by us, and such copies can be reasonably obtained from the merchant involved, a copy or facsimile of a sales draft or item may be made available to you for inspection.

LIABILITY FOR FAILURE TO MAKE TRANSFERS
If we fail to complete a transfer from a checking or saving account held by us on time or in the correct amount, according to our agreement with you for that account transaction, we will be liable for specific and reasonable losses or damages. There are exceptions, which include but are not limited to:

If, through no fault of ours, you do not have enough money in your account to make the transfer.

If you attempt to draw on deposits of checks, drafts or other non-cash items, that have not yet been collected by us.

If you attempt to draw on funds deposited in an ATM before the amount of the deposit can be manually verified by us and credited to your account.

If the transfer exceeds any overdraft limit, credit limit or line of credit limit that you have with us.

If the ATM or point of sale terminal you use is not able to provide the service or cash you request.

If the ATM or point of sale terminal is not functioning, malfunctions or is out of service due to reasons or circumstances beyond our reasonable control including acts of nature.

If funds that would have been available otherwise are offset by us in payment of indebtedness you owe to us or if the funds are attached or otherwise proceeded against as a result of legal action or levy brought against you or another person who is joint owner of your account.

DISCLOSURE OF ACCOUNT INFORMATION TO THIRD PARTIES
We will disclose information to third parties about your account or transactions you make as follows:

When necessary to complete a transaction.

To verify existence and condition of your account for a credit bureau, merchant or other bona fide commercial purpose.

If we close or restrict your account due to deficit balance, excessive overdrafts or other reason.

To comply with court or government order or action.

If you provide us with written permission.

OVERDRAFTS
The ATM/Debit card is not a credit card. If any use of the card results in an overdraft you will be notified and you agree to make immediate payment to us of the amount of such overdraft together with any service charges and fees we assess. If you have overdraft protection, payment of overdrafts will be subject to the terms of the overdraft protection agreement. 

 CLOSED ACCOUNTS
If for any reason your account is closed you agree to pay to us any money owed resulting from use of your card. You also agree to immediately discontinue use of the card and to return the card to us. The card at all times remains our property and may be repossessed by us at any time. We may cancel, revoke or take your card with or without cause or notice, other than as provided by federal or state law. The cancellation of card privileges by you or us in no way affects other rights and privileges of your membership or account or their terms and conditions.  

OTHER TERMS
We have no liability what so ever if, for any reason, the card is not honored by any merchant, financial institution or other business establishment. All other terms and conditions set forth in your membership or account relationship with us will continue to apply to the extent they are not covered by this agreement. We may rely on the address for your mailing residence that you provide to us until such time as you provide written notification of change. We may modify, amend or change this agreement in whole or in part upon reasonable notice to you in compliance with any applicable state or federal law or regulations. If any part of this agreement is declared invalid in any court or appropriate regulatory body, the remaining provisions of this agreement shall not be affected. The headings of each section of this agreement are for convenience only and do not control or affect the meaning or construction of this document. When applicable this agreement will be governed by Federal law, otherwise it will be governed by the laws of the Commonwealth of Kentucky.

Bounce Safe / Overdraft Courtesy Policy

It is the policy of Kentucky Telco Federal Credit Union to comply with applicable laws and regulations, and to conduct business in a safe and sound manner.

Insufficient balances may result from: A) Check payments, electronic funds transfer, or other withdrawal requests; B) Payments authorized by accountholder; C) Unpaid return of items deposited by the accountholder; D) Imposition of financial institution service charges; E) Deposit of items which according to the Credit Union’s Funds Available Policy, are treated as not yet “available” or finally paid.

We are not obligated to pay any item presented for payment if the account does not contain sufficient collected funds. However, if the accountholder maintains the account in good standing, as defined as A) Making regular deposits sufficient to cover transactions; B) Brining the account to a positive balance at least once every thirty day or less; and C) There are no legal orders outstanding, we may, at the credit union’s sole discretion, pay reasonable overdrafts as a non-contractual courtesy. Generally, we will not pay an overdraft in excess of $544 for Personal Checking accounts. These limits include our Non-Sufficient Funds and/or Overdraft Courtesy Charge(s).

We may refuse to pay an overdraft at any time, even thought we may have previously paid the overdrafts. The accountholder will be notified by mail of any Non-Sufficient funds items paid or returned. However, we have no obligation to notify the accountholder before we pay or return an item. The amounts of any overdrafts, plus our Non-Sufficient Funds and/or Overdraft (NSF/OD) Charge(s) that the accountholder owes us are due and payable upon demand. If we pay an overdraft on an account with more than one (1) owner on the signature card, each owner, and/or agent where applicable, drawing/presenting the item, thereby creating the overdraft, are jointly and severally liable for such overdrafts plus our Non-Sufficient Funds and/or Overdraft Courtesy Charges.

Limitations: This feature is available only to personal accounts for personal and household use. We may limit the number of accounts eligible for Overdraft Courtesy to one account per household. Additionally, we reserve the right to not approve any overdrafts against any account until we can verify that the account is being maintained in good standing, as defined above.

Account Fees: Whether we pay or return a Non-Sufficient Funds item, a per-item fee in the amount of $26 will be charged to your account as a Non-Sufficient Funds or Overdraft Courtesy Charge, as set forth in our fees schedule.

Overdraft Courtesy Disclaimer: Kentucky Telco’s Overdraft Courtesy plan is a non-contractual courtesy and is discretionary. It is not an obligation of the credit union and the credit union may refuse to provide the courtesy any personal checking account at any time and from time to time. The accountholder does not have a contractual right to Overdraft Courtesy and courtesy payment is not guaranteed by the Overdraft Courtesy plan.  If you choose not to participate in Telco’s Overdraft Protection Program and prefer to have your checks sent back to the originating party, please contact any credit union service representative and we will note this on your account.

Patroit Act

Kentucky Telco will adhere to all the provisions of the United States Patriot Act including the gathering of personal identification/information on all member and non-member transactions. Included may be the need to require a state or government issued photo identification be shown and that a record of the form of identification be maintained by the credit union.

Notice of Privacy Practices

Important information about the personal data Kentucky Telco collects and how it is used.

To assure the continued privacy and confidentiality of your personal financial information, Kentucky Telco observes these practices and procedures:

Information we collect
Kentucky Telco collects nonpublic information about members from the following sources:

• Information you provide on applications or other forms.
• Information about your transactions with our associated service providers such as credit card and ATM processors.
• Information we receive from consumer reporting agencies.

Information we disclose
We do not disclose any nonpublic personal information about our members and former members to affiliates or non-affiliated third parties except as permitted by law.

Security measures
Kentucky Telco restricts access to nonpublic information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

Equal Housing Lender

We do Business in Accordance with Federal Fair Lending Laws

UNDER THE FEDERAL FAIR HOUSING ACT, IT IS ILLEGAL, ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, HANDICAP, OR FAMILIAL STATUS (HAVING CHILDREN UNDER THE AGE OF 18), TO:

Deny a loan for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling, or to deny any loan secured by a dwelling; or

Discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan, or in appraising property.

IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:
Assistant Secretary for Fair Housing and Equal Opportunity
Department of Housing and Urban Development
Washington, DC 20410

For processing under the Federal Fair Housing Act and to:

National Credit Union Administration
Office of Examination and Insurance
1775 Duke Street
Alexandria, VA 22314

For processing under NCUA Regulations

UNDER THE EQUAL CREDIT OPPORTUNITY ACT, IT IS ILLEGAL TO DISCRIMINATE IN ANY CREDIT TRANSACTION:
On the basis of race, color, national origin, religion, sex, marital status, or age,
Because income is from public assistance, or
Because a right has been exercised under the Consumer Credit Protection Act.

IF YOU BELIEVE YOU HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD SEND A COMPLAINT TO:
National Credit Union Administration
Office of Examination and Insurance

1775 Duke Street
Alexandria, VA 22314