Privacy & Disclosures

• Truth In Savings Account Disclosures and Regulation "D"
• The Federal Equal Credit Opportunity Act
• Online Banking and Electronic Funds Transfer Agreement & Disclosure
• Funds Availability Policy
• Other Disclosures

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Truth In Savings Account Disclosures and Regulation "D"

Except as specifically described, the following disclosures apply to all Savings and Checking Accounts.

1. Rate Information. The Dividend Rate and Annual Percentage Yield on your accounts are set forth on the Competitive Rates Page. The Dividend Rate and Annual Percentage Yield are subject to change monthly, as determined by the Affinity Federal Credit Union Board of Directors, with exception of the Money Manager Account which can change weekly.
2. Compounding and Crediting. Dividends will be compounded daily and will be credited monthly. For the accounts referred to on the Competitive Rates Page, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1st and the ending date of such dividend period is January 31st. All other dividend periods following the same pattern of dates. The dividend declaration date is the first day of the next month. For example, February 1st is the dividend declaration date for the preceding January. If you close your regular share account before dividends are credited, you will not receive accrued dividends.
3. Minimum Balance Requirements. The minimum balance requirements are set forth on the Competitive Rates Page.
4. Balance Computation Method. Dividends are calculated by the daily balance method which applies a daily periodic rate to the principal in your account each day.
5. Accrual of Dividends. Dividends will begin to accrue on the business day you deposit cash and non-cash items (e.g., checks) to your account.

6. Regulation "D". This regulation was implemented by the Board of Governors of the Federal Reserve System, whose job is to ensure that financial institutions maintain adequate reserves for the funds they have on deposit. It limits the number of pre-authorized, automatic or phone transactions you make each month on a deposit account to a maximum of six.

   During any month, you may not make more than six transfers from your Affinity Savings, Savvy Savers Club Accounts, Money Manager Account or Club Accounts to another Credit Union account of yours, or to a third party by means of a pre-authorized or automatic transfer or telephonic order or instruction. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to a fee of $25 per item.

7. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period.
8. Bylaw Requirements. A member who reduces his share balance below the par value of one share and does not increase the balance to at least the par value of one share within 6 months of the reduction may be terminated from membership at the end of the dividend period. Shares may be transferred only from one member to another, by written instrument in such form as the Credit Union may prescribe. The Credit Union reserves the right, at anytime, to require members to give, in writing, not more than 60 days notice of intention to withdraw the whole or any part of the amounts so paid in by them. No member may withdraw share holdings that are pledged as required on security on loans without written approval of the Credit Union, except to the extent that such shares exceed the member's total primary contingent liability to the Credit Union. No member may withdraw any share holdings below the amount of his/her primary or contingent liability to the Credit Union if he/she is delinquent as a borrower, or if borrowers from whom he/she is co-maker, endorser, or guarantor are delinquent, without the written approval of the Credit Union.
9. Par Value of Shares; Dividend Period. The par value of a regular share in this Credit Union is $5. The dividend period of this Credit Union is monthly.
10. National Credit Union Share Insurance Fund. Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

Except as specifically described, the following disclosures apply to all Certificate Accounts.

1. Rate Information. The Dividend Rate and the Annual Percentage Rate Yield on your accounts is set forth on the Competitive Rates Page.
2. Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period.
3. Compounding and Crediting. Dividends will be compounded and credited. The dividend period for each account type is set forth on the Competitive Rates Page. The dividend period begins on the day of deposit and ends on the maturity date. If you close your certificate account before dividends are credited, you will not receive accrued dividends.
4. Balance Information. The minimum balance required to open each account type is set forth on the Competitive Rates Page. Dividends are calculated by the daily method, which applies a daily periodic rate to the principal in your account each day.
5. Accrual of Dividends. Dividends will begin to accrue on the business day you deposit both cash and non-cash items (e.g. checks) to your account.
6. Transaction Limitations. After the account is opened, you may not make deposits into the account until the maturity date stated on the certificate.
7. Maturity Date. Your account will mature within the term or at the maturity date set forth on the Competitive Rates Page or the maturity date set forth on your Renewal Notice.
8. Renewal Policies. Your certificate account will automatically renew at maturity.
9. Early Withdrawal Penalties. We may impose a penalty if you withdraw any of the funds before the maturity date. The penalty will equal ninety days' interest on your certificate account with a term of one year or less, and a penalty of up to 182 days' interest for certificate accounts with a term of more than one year.
10. How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would have been earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.

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The Federal Equal Credit Opportunity Act

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant's income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law is the National Credit Union Administration, 1775 Duke St., Alexandria, VA 22314.

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Online Banking and Electronic Funds Transfer Agreement & Disclosure

For Affinity OneCard/ATM Access, AUDREY (24-hour telephone teller), Pre-authorized Credit and Debits, Online Banking and Online Bill Pay

EFT Service

This agreement summarizes certain rights and responsibilities which you (the member) and we (Affinity Federal Credit Union) have under the Electronic Funds Transfer Act. It applies whenever you use Affinity's electronic banking services.

"Electronic Banking Service" or EFT means a banking service which you or someone else uses electronic means to make deposits (credits) or withdrawals (debits) to/from your Affinity accounts.

An EFT transaction is made by electronic means when, for example, it is made at an automated teller machine (ATM), through a store's Point-of-Sale (POS) terminal, via AUDREY, our 24-hour telephone teller or Online Banking.

By using an Affinity OneCard, ATM card, PC or telephone, AUDREY, or by initiating a pre-authorized transaction, you agree to be bound by this disclosure and by any amendments made now and in the future by us to this disclosure.

Types of Available Electronic Funds Transfers

You may use a properly encoded Affinity OneCard or Affinity ATM Card with Personal Identification Number (PIN) at any electronic facility (i.e., ATM or POS terminal) that accepts the card(s) to do one or more of the following:

1. Withdraw cash from your Savings or Checking Account
2. Obtain cash from your Line of Credit (LOC)
3. Deposit cash, checks, or drafts to your Savings or Checking Account
4. Transfer funds between:
   1. your Savings and Checking Account
   2. your LOC and your Savings Account
   3. your LOC and your Checking Account
5. Obtain the available balances from your Savings Account, your Checking Account, your LOC and your Money Manager Account (at applicable ATMs)

Your Affinity OneCard may also be used to:

1. Make purchases (debited from your Checking Account) at service establishments accepting Visa
2. Obtain cash advances (debited from your Checking Account) at financial institutions accepting Visa

You may use your AUDREY Access Code (AC) to:

1. Obtain up-to-date information and perform transactions to your Affinity accounts. Refer to your AUDREY Service Code Card for a complete list of transactions.

Bill Payment can be used for:

1. Internet bill payment
2. bill payment through Online Banking

Your Personal Identification Number (PIN) and Access Code (AC)

The Affinity OneCard, ATM Card, AUDREY and Online Banking related PIN and AC provide you access to your accounts at the Credit Union.

You acknowledge that your PIN and/or AC are identification codes that are personal and confidential and that the use of the PIN with the card is a security method by which the Credit Union helps to maintain the security of your account(s). Therefore you agree to take all reasonable precautions that no one else learns your PIN and/or AC. You understand that reasonable precautions includes, but are not limited to: (a) You agree not to tell or disclose your PIN and/or AC to any other person; (b) You agree not to write your PIN on your card; (c) You agree not to keep a written record of your PIN number near your card. This means that you will not keep the PIN in the same wallet, cardholder, envelope or place where you keep your card.

Limits and Restrictions on EFT Transactions

Cash withdrawals from automated teller machines (ATMs) are limited to a total of $5000.00 each business day. The day for withdrawal limits begins at 12:00 PM each BUSINESS day and ends at 12:00 PM the next BUSINESS day. Weekends, including three-day holidays, are considered one business day. There are also certain limitations on the frequency of use of the Affinity OneCard and ATM Card each business day. However, these limitations are not revealed for security reasons.

Purchases made by your Affinity OneCard are limited to a total of the available balance in your Checking Account each day.

You will be denied use of the Affinity OneCard, ATM Card, or Online Banking if you exceed the daily withdrawal or purchase limit; if you do not have adequate funds available in your account; if you do not enter the correct PIN or if you exceed the frequency of usage limitations. The receipt provided by the terminal will notify you of the denial. There is a limit on the number of such denials permitted. Attempts to exceed the limit will result in machine retention of your Affinity OneCard or ATM Card at the terminal. The number of attempts that result in machine retention are not revealed for security reasons.

Limitations on frequency of transfers: Due to federal regulations, you are allowed no more than 6 transfers from each Savings Account within a calendar month. There are no limitations on transfers from your Checking Account.

Remote Banking - Payments via PC may take up to 10 days to reach payee/vendor.

Overdrafts

You agree not to make or authorize anyone else to make a withdrawal from your account(s) that would overdraw your account(s). If an overdraft occurs, you will have to pay the amount overdrawn promptly. You may also be subject to an overdraft fee.

If you have an agreement with us under which we make loan advances to cover overdrafts, you may create overdrafts as provided in that agreement. However, we do not have to permit or cover any overdraft that exceeds your approved Line of Credit.

Charges for Electronic Funds Transfer

Transactions made at proprietary ATMs
No fee will be imposed for Affinity OneCard or ATM Card transactions made at Credit Union-owned ATMs conveniently located at many of our branches.

Transactions made at non-proprietary ATMs
Affinity OneCard or ATM Card transactions made at ATMs owned by other financial institutions are subject to the following policy: No fee will be imposed on any withdrawal, transfer, or inquiry up to a total of eight (8) per month. Any withdrawal, transfer or inquiry beyond this limit each month will be subject to a $1.50 fee. An unlimited amount of deposit transactions are available each month at no fee. You may, however, be subject to a service fee imposed by the financial institution owning the ATM. Affinity FCU has no control over these fees.

Transactions made at point-of-sale terminals
There is no fee for Affinity OneCard or ATM Card transactions made at point-of-sale terminals; for example the use of your Affinity OneCard and/or ATM Card for the purchase of gasoline or groceries at participating merchants.

Receipts and Written Records of Transactions

You will receive a printed terminal receipt for each Affinity OneCard and/or ATM Card purchase transaction at the time of the transaction. You will receive a monthly statement showing the status of your account(s), transactions made during the past month, and any charges we may impose for such transactions.

If you pre-authorize a regular transfer from your account(s), we will not send you any special notice that the transfer has been made other than to enter it on your monthly statement. If you are concerned that a transfer has not been made, you can call for verification of the transaction at the telephone number listed.

Liability for Unauthorized Use

CONTACT US IMMEDIATELY if you believe that your Affinity OneCard, ATM Card, Personal Identification Number (PIN), Access Code (AC) or Online Banking PIN has been lost or stolen. Telephoning our Member Service Center at 800-325-0808 or 908-658-3333 (outside of the continental U.S.) is the best way of keeping your losses to a minimum.

You could lose all of your money in the account(s) if you take no action to notify us of the loss of your Online Banking PIN, Affinity OneCard, ATM Card, PIN or AC. If you notify us of the loss your liability will be as follows:

1. If you contact us within two business days of the loss or your discovery of the loss, you can lose no more than $50.00 if someone used your Affinity OneCard, ATM Card, PIN or AC without your permission.
2. If someone used your Online Banking, Affinity OneCard, ATM Card, PIN or AC without your permission, you could lose as much as $500.00 if you DO NOT contact us within two business days after you learn of the loss and we can prove that we could have prevented the loss if you had contacted us.
3. If your monthly statement shows transfers or purchases that you did not make and you do not contact us within 60 days after the statement was mailed to you, you may not get back any money after the 60 days if we can prove that your contacting us would have prevented the losses.

Where to Call/Write

Call: 800-325-0808 or 908-658-3333 (outside of the continental U.S.), Monday - Friday, 7:00 am - 7:00 pm

Write: Affinity Federal Credit Union, 73 Mountain View Blvd., Basking Ridge, NJ 07920

Pre-Authorized Credit Service

Kinds of Transactions
You may arrange to have third persons make regular deposits to your account(s) by electronic means.

Right to Confirmation
If you are scheduled to receive deposits on this basis at least once every 60 days, you can call us at 800-325-0808 to find out whether the deposit has been made.

Charges for Deposits
No additional charge is imposed on your account because you have this service.

Pre-Authorized Debit Service

Kinds of Transactions
You may arrange to have third persons make regular withdrawals from your account(s) by electronic means.

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 the transfer would go over the credit limit on your Line of Credit or Overdraft Protection;
3. If the automated teller machine (ATM) 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.

Right to Stop Payment of Pre-Authorized Transfers

If you have made arrangements with us to make a regular payments or withdrawals from your account(s) you can stop these payments by following these directions: (a) notify the company crediting/debiting your account(s) in writing to the stop payment; (b) send a copy of that letter to Affinity Federal Credit Union, 73 Mountain View Blvd., Basking Ridge, NJ 07920, Attention: Operations Department/ACH Stop Payment.

Business Days

Our business days are Monday through Friday (7:00 am to 7:00 pm ET) except holidays.

Information Disclosure

We will not disclose information to third parties about your account(s) or transaction(s) unless:

1. It is necessary to verify the existence or condition of your account(s) for a third party, such as a credit reporting agency or merchant
2. It is needed to comply with a government agency or court order
3. You give us written permission

In Case of Errors or Questions about Your EFT Transactions

Telephone us at 800-325-0808 or 908-658-3333 (outside of the continental U.S.) or write to us at:

Affinity Federal Credit Union
73 Mountain View Blvd.
Basking Ridge, NJ 07920

Contact us as soon as you can if you think that your statement or receipt is wrong or if you need more information about a transaction listed on your statement or receipt. We must hear form you no later than 60 days after we sent you the FIRST statement on which the problem or error appeared. You must provide us with the following:

1. Tell us your name, Online Bill Pay account number, Affinity OneCard or ATM Card number
2. Describe the error or the transaction that you are unsure about and explain as clearly as possible why you believe it is an error or why you need more information
3. Tell us the dollar amount of the suspected error

If you tell us orally, we require that you send your complaint or question in writing within 10 business days. We will tell you of the results of our investigation within 10 business days for Affinity OneCard or ATM Card transactions or 20 business days for Affinity OneCard purchase transactions after we hear from you and will correct any error promptly. If we need more time, we may take up to 45 days or more for Affinity OneCard transactions or 90 days for Affinity OneCard purchase transactions to investigate your complaint or question. If we decide to do this, we will re-credit your account within 10 business days if it is an ATM transaction or 20 business days if it is an Affinity OneCard purchase transaction for the amount that you think is in error so that you will have use of the money during the time it takes us to complete our investigation. If we do not receive your complaint or question IN WRITING within 10 business days, we may not re-credit your account.

If we decided that there is no error, we will send you a written explanation within three business days after we finish our investigation. You may ask for copies of the documents that we used in our investigation. If we have credited your account with funds while we were investigating an error, we will charge your account for those funds if no error has occurred.

Change of Name/Address

You must notify us promptly and in writing of any change in your name and/or address.

Amendments and Cancellation

The Credit Union can, at any time (subject to legal restrictions), amend this agreement or cancel your privileges to use your Affinity OneCard, ATM Card, PIN and AC. You agree that the Affinity OneCard and ATM Card are the property of the Credit Union and are not transferable. You agree to destroy or return to us any card(s) in your possession at our request. If you no longer wish to use the card(s), please destroy it at once by cutting in half and returning it to the Credit Union.

Effective Date

This agreement becomes effective when you sign or use the card or use any service.

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Funds Availability Policy

Important information about making withdrawals from your account. The following is the most recent Funds Availability Policy. For more information, contact our Member Service Center online or by calling 800.325.0808 or visit a local branch.

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Other Disclosures

Securities offered by Affinity Investment Services, LLC, 73 Mountain View Boulevard, Basking Ridge, NJ 07920, member FINRA/SIPC. Investments offered by Affinity Investment Services are not deposits or obligations of Affinity Federal Credit Union. They are NOT NCUA INSURED and NOT GUARANTEED by Affinity Federal Credit Union or any governmental agency and are subject to INVESTMENT RISK, including LOSS of PRINCIPAL. Investments may lose value.

Affinity Investment Services, LLC is a wholly owned Subsidiary of Affinity Federal Credit Union.

Tax preparers are independent contractors, experienced in income tax preparation. Tax services are not provided by nor supervised by Affinity Federal Credit Union or Affinity Financial Services.

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