CHECKING ACCOUNT AND VISA DEBIT CARD

OVERVIEW

The Credit Union's Checking Account is a low-cost, non-dividend earning transaction account that can be accessed via Online Account Access, telephone, ATM, in each of our four offices, and at credit union shared branching outlets in over 2700 locations throughout the United States.

There is no minimum checking balance or per-check fees associated with this account. Aggregate deposits in a member's accounts at this Credit Union are insured to at least $100,000 by NCUA, an agency of the federal government.

ORDER CHECKS ONLINE

TERMS GOVERNING ACCOUNT

The terms governing this account are defined in the signature card, Loanliner, the Debit Card Application, Rate and Fee Schedule, Electronic Funds and Transfer Policy, and this document.

By opening an account and signing a signature card, the account holder agrees to the terms governing the account and to any amendments thereof.

Latah Federal Credit Union reserves the right to make amendments to these or any subsequent terms governing the account by mailing notice of such amendments to the account holder at least thirty days prior to the effective date of the amendments.

aCCOUNT OWNERSHIP

Members are required to maintain a balance of $100 or more in a Regular Savings Account. This $100 is not available for withdrawal or overdraft coverage as long as the checking account is open, although it will earn dividends. The Checking Account and the corresponding Regular Savings account must have the same base account number.

The Checking Account is available to corporations, LLCs, non-profit organizations and other club accounts for individuals and groups who are members of the Credit Union. Additional requirements may be necessary for these accounts. A checking account may be opened for a minor, age 17 with a parent or guardian as joint owner of the account. Under age 17 requires consideration by the President of the Credit Union.

MINIMUM BALANCE

There is no minimum balance required in the checking account.

DEPOSITS

The initial deposit in the checking account must be at least $25. Deposits may be made in person, by automated clearing house (ACH), by mail, and at certain ATM's bearing the Exchange logo. Deposits may be made in-person, by mail, by night-drop, by ATM, at credit union shared branching outlets in over 2700 locations throughout the United States, and through electronic means. Deposit slips are not required.

There is a $4 charge for each deposited item, such as a check, that is not covered by sufficient funds. However, the fee is $25 if the returned check is drawn on a member's account at another institution.

Withdrawals

There is no limit on the number of checks written.

Withdrawals may be made in-person, by telephone - 24-hour audio response, internet Online Account Access, ATM, and at credit union shared branching outlets. See Debit Card Services for details about card withdrawals.

Copies of canceled checks are stored for seven years. Canceled checks are not returned to the account holder. Only checks approved by the Credit Union may be used to make withdrawals from this account. Once paid, checks become the property of the Credit Union. Copies of canceled checks are available for a fee of $5 per check, or may be accessed through Online Account Access with Personal Identification Number free of charge.

Withdrawals may be made at any time, without notice, except the Credit Union reserves the right to require advance notice of substantial withdrawals.

Stop payment orders are subject to a fee of $8.00 per check and $15.00 per range of checks (e.g. check number 101 through 105).

Except for negligence, the Credit Union is not liable for any action it takes regarding the payment or nonpayment of a check.

The account holder is responsible for immediately notifying the Credit Union of lost and stolen checks and Debit Cards.

DEBIT CARD SERVICES

Members may use their cards at ATM's bearing the VISA, Exchange and Plus logos, and may use their cards to purchase merchandise at locations bearing the VISA, Interlink and Accel logos.

To obtain a Debit Card, a member must open a checking account and maintain a minimum of $100 in a Regular Savings Account.

A member may withdraw up to $400 per day at an ATM. This $400 limit is per base account number (excluding suffixes). Thus, co-account holders may only withdraw a combined maximum amount of $400 per day, from 5:30 p.m. to 5:30 p.m., Pacific standard time.

The sixth and each subsequent ATM withdrawal or inquiry per base account number per calendar month are subject to a $1 fee.

Cards and Personal Identification Numbers (PINs) that are lost or stolen will be replaced subject to a fee of $6.

Transactions not requiring a PIN may be made up to the available balance for goods and services from merchants who accept our cards. Available balance is defined as the balance in a members checking account, less any outstanding authorizations on debit card transactions, and may include the available balance of your line of credit if such service has been specifically requested and approved.

A cardholder may purchase, up to the available balance as defined above, or a daily limit of $2500.00, whichever is less, with a PIN based transaction.

Transfers conducted at an ATM are free of charge.

Deposits made at an ATM are free of charge.

Two cards per base account number (excluding suffixes) may be provided free of charge. Subsequent cards provided prior to the expiration date of the current card are subject to a fee of $6 per card.

Each member is responsible to safeguard their PIN number. PIN numbers should not be carried anywhere in the wallet or purse or written on the card. Latah Federal Credit Union may not be liable for fraud resulting from negligent or careless PIN protection.

Members must report lost or stolen cards immediately by calling 1-800-554-8969.

A $15 fee will be imposed if, at the discretion of the Credit Union's management, the Credit Union must request retention of a card by an ATM.

Refer to the Electronic Funds Transfer Policy for further information on the Debit Card.

Each Debit Card is the property of Latah Federal Credit Union. You agree not to make or permit to be made any illegal transactions on your account through use of a card, a check, or in any other manner.

OVERDRAFT PROTECTION

Overdraft protection of up to $10,000 is available via transfer, in multiples of $25, from a pre-approved loan. There is no per-item transfer fee associated with overdraft protection via automated transfers from a loan. Overdraft protection transfers from a loan are not limited in number.

Automated overdraft protection transfers from a Savings Account are limited to six per calendar month and are subject to a fee of $2.50 per transfer.

Overdraft protection transfers may not reduce the savings account balance to less than $100.

The Credit Union may at it's own discretion choose to pay Non-Sufficient Funds (NSF) items on an account that has regular deposits. The fee for a paid NSF item is $25.00 per item.

By paying an NSF item, the Credit Union does not waive it's right to use discretion and return other NSF items when funds are not available.

STATEMENTS/INTERNET ACCESS

A statement detailing the prior month's activity is mailed during the first ten days of each calendar month.

Statements and history are also available online if a member has Online Account Access. There is no charge for this service, only a simple application that must be signed in order to receive an online password. Once a member has Online Account Access they may apply online for E-Statements.

By visiting the Online Account Access section of our website, members may view their account balances and cleared checks, transfer funds, order checks, apply for a loan, view 90-day transaction histories, and apply for E-Statements.

Transaction information is normally updated to the website by 10:00 a.m. and 4:00 p.m. each day. Service requests, such as for the transfer of funds, that are submitted via the Credit Union's website and received by the Credit Union by 2:00 p.m. on a business day will normally be processed that same day.

Objections about any item shown on a statement of this account must be made in writing within sixty days of the statement date.

Additional printed copies of statements may be purchased for $1 per page.