Account Types

Share Savings - When you join, your own regular share account is es­tablished.  An amount designated by you is automatically withheld from your paycheck each week and is deposited into your Share Account.  This amount can be left alone to draw interest, or it can be withdrawn at any time during regular business hours.  The amount in your share account is insured to $100,000 by the National Credit Union Administration.

Christmas Club Accounts for your Christmas needs. You can open this account at any time.  You may withdraw from this account at any time with a penalty.

Vacation Club Accounts are for your own special use.  You can open this account at any time.  You may withdraw from this account at any time with a penalty.

Personal Shares are set up as a sub account to your Regular Shares. These shares will earn the same dividend rate as your Regular Shares but are just kept seperately. These accounts are generally set up by individuals for uses such as yearly expenses like property tax, insurance premiums, tuition, etc.

                            LOAN RATES

    

				Daily			ANNUAL
Subaccount Description				Periodic			PERCENTAGE
				Rate			RATE
Unsecured			.023288% - .049315%			8.5%-18%
New Recreational Vehicle			.016438% - .047945%			6%-17.25%
Used Recreational Vehicle			.017123%-.043915%			6%-18%
"Vacation" / "Holiday" Loan Promotions			.021643%-.043561%			7.90% - 15.90%
Share and Certificate Secured**			.010958%-.018493%			4%-6.75%
New Vehicle			.016438%-.046575%			4.5%-17%
Used Vehicle - A			.020547%-.046575%			5%-16.5%
Used Vehicle - B			.023287%-.043915%			5.75%-17%

   

**SHARE & CERTIFICATE  SECURED:  The ANNUAL PERCENTAGE RATE (APR) for share secured advances will be the dividend
rate being paid on the highest share bracket rate (index) on the date of the advance plus 2%.  If there is an existing
balance on the date of the new advance, the existing balance will be added to the new advance and the entire
balance will be at the new APR.  The rates are subject to change quarterly on the first day of January, April,
July and October to reflect any change in the index.  Any increase in the APR will take the form of more
payments of the same amount until what you owe has been repaid.
RISK BASED:  This disclosure applies to all Subaccounts except Share & Certificate Secured.  The Annual Percentage Rate
(APR) you receive will be within the range disclosed above and is based on your credit worthiness.  Please ask us
for the rate that you qualify for.
LATE CHARGE:  If your payment is more than 3 days late, you will be required to pay a late charge of $25.00.
FILING FEE:  You will be charged a filing fee at the time of advance if the credit union takes a security interest
in your collateral.  The amount of the filing fee will be based upon the amount of fee required by state law for
the credit union to obtain a lien on your property.  The amount of the filing fee will be disclosed on the voucher.
COLLECTION COSTS:  You agree to pay all costs of collecting the amount you owe under this Agreement,
including court costs and reasonable attorney fees to the extent permitted by state law.

Loan Protection is a bonus feature Gibbs Credit Union offers on all loans. This protection is provided by the Credit Union at no expense to you. Loan Protection offers our members the security of knowing that if the primary member on the loan should become deceased, the loan will be paid in full. Some specifications apply; please see Credit Union for details.