Truth in Savings Disclosure
Effective as of 9/1/2026
The Truth-in-Savings Account Disclosures set forth certain terms and conditions applicable to your Accounts at Star of Texas Credit Union and are incorporated as
part of your Account Agreement with us.
Definitions
Dividend Rate. The dividend rate is the declared annual dividend rate paid on an Account, which does not reflect compounding.
Annual Percentage Yield (APY). The Annual Percentage Yield is a percentage rate reflecting the total amount of dividends paid on an Account, based on the
dividend rate and the frequency of compounding for a 365-day period.
Rate Information
Dividend rates and Annual Percentage Yields (APYs) are established by the Credit Union and may change at any time unless otherwise disclosed. Current rates
and APYs are available in the Credit Union's current Rate Schedule on our website and upon request.
Account Information
Accounts are non-transferable and non-negotiable. Funds in your Accounts may not be pledged to secure any obligation of an owner, except for those obligations
owed to Star of Texas Credit Union.
Compounding and Crediting
Regular Share Savings Account: Dividends will be compounded quarterly and credited quarterly. For this account, 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 follows the ending date of a dividend period and for the example is April 1.
Christmas Share Club Account: Dividends will be compounded quarterly and credited quarterly. For this Account, 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 October 31. Christmas Club
account funds and dividends will be automatically transferred to your Share Savings account on October 31.
Checking Share Account, 4-Star “High-Yield” Checking Account and Money Share Market Account. Dividends will be compounded monthly and credited
monthly. For these Accounts, 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 follows the
ending date of a dividend period and for the example is February 1. The Annual Percentage Yield (APY) earned on these accounts is subject to change without
notice.
Effect of Closing
If you close your Account before dividends are paid, you will not receive the accrued dividends.
Balance Computation Method
Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the Account for the period. The average
daily balance is calculated by adding the balance in the Account for each day of the period and dividing that figure by the number of days in the period.
Fees and Charges
Fees and charges that may be assessed against all Accounts are disclosed in the Current Fee Schedule. You authorize us to charge any Account of yours for any
such fees or charges we assess without notice to you.
Accrual of Dividends
Dividends will begin to accrue on the business day you deposit non-cash items such as checks to your Account.
Transaction Limitations
The Credit Union reserves the right to require a member intending to make a withdrawal of any amount to give written notice of such withdrawal up to 60 days in
advance. Your membership share may not be withdrawn unless Credit Union membership is terminated.
Christmas Club Share Account. 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.
Christmas Club Share Account
The maturity date for this Account is October 31. This Account will not automatically renew at maturity, but at the time of Account opening you may select to have
your Account balance rolled into a new Christmas Club Share Account after maturity for the following year. On November 1, we will automatically transfer your
Account balance to your Share Account, and the balance will earn dividends at the current Regular Share Account dividend rate. A penalty will be imposed for an
early withdrawal from a Christmas Club Account. If you make a withdrawal before the maturity date, we will charge an Early Withdrawal Fee as set forth in the Fee
Schedule and we reserve the right to close your Account. You may not withdraw credited dividends or the Account principal before maturity without a penalty.
Nature of Dividends
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.
Bylaw Requirements
An eligible applicant may be admitted to membership under the procedures set forth in our Bylaws, and the applicant will become a member and be entitled to the
rights and privileges of a member upon completing payment of a membership share. The par value of a membership share in the Star of Texas Credit Union is
$10.00. Membership in the Credit Union is not transferable. Members whose loans and other extensions of credit are defaulted and charged off as a loss automatically
forfeits membership when their shares are applied toward the loan balance.
National Credit Union Share Insurance Fund
Member deposits are federally insured by the National Credit Union Share Insurance Fund (NCUSIF) to the maximum amount permitted by law.
CURRENT RATE SCHEDULE
Current dividend rates, APYs, minimum balance requirements, and account-specific dividend information are contained in the Star of Texas Credit Union Current
Rate Schedule, which is incorporated into this Truth in Savings Disclosure by reference. The Current Rate Schedule is available on our website and upon request
at any branch.