MEMBERSHIP NEWS

We know you're worried about the market and the state of the economy, but we want you to know we have AMAZING Fall Certificate Specials you can't help but get hooked on! Now is the time to move those funds from your banks into TEFCU! Option #1 24 Month Bump Rate Special Term: 24 Months *Rate/APY: 4.13 % / 4.20%** Bump it UP: You'll have the option to bump up the rate, one time during the term, to the current prevailing rate on our standard 24 month certificate Renews: At the standard 24 month certificate
Option #2 24 Month Step Rate Special Term: 24 Months
*Rate/APY:**	1st 6 Months - 3.70% / 3.75% 2nd 6 Months - 3.94% / 4.00% 3rd 6 Months - 4.43% / 4.50% Final 6 Months - 5.39% / 5.50%
Renews: At the standard 24 month certificate So bring over your funds from those Banks that aren't doing so well in this market place. TEFCU is safe, secure, and have rates that are unbeatable in the market. Get Hooked this Fall with TEFCU. For more information or to open a Fall Certificate Special, call one of our dedicated Member Services Representatives at (202) 832-5100 ext 290. You'll be happy you moved your money into a credit union during this economic crisis!
Terms & Conditions: Compounding and Crediting: Dividends are compounded from the date of deposit to the date of maturity and are paid quarterly. If you close your share certificate account before dividends are paid, you will not receive the accrued dividends. If your account is not in good standing at the time dividends are credited, we reserve the right to forfeit your dividends for that crediting period. If your step-rate certificate�s rate changes on a date other than our normal crediting date, we will post a closing dividend of your rate prior to stepping up to the next rate. Time Requirement (Maturity Date): Your share certificate will mature as noted above in your share certificate disclosure when purchased. The dividend period begins on the date of purchase and ends on the maturity date. Withdrawal of Dividends Prior to Maturity: The APY is based on the assumption that dividends will remain in the certificate until maturity. Premature withdrawals of dividends will reduce earnings. Renewal Policies: Upon maturity your share certificate will automatically renew for the same term of our traditional certificates of deposits at the current Dividend Rate and APY of that traditional certificate upon maturity. If we do not currently have a traditional certificate with the specified term of the promotion, it will roll into the next longest traditional certificate (i.e. 8 Month CD Promo would renew at a 12 Month Certificate). Promotions/Specials do not roll over after maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account or make changes to the term without penalty. Balance Computation Method: Dividends are calculated using the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period. It is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Date Dividends Accrue: Dividends will begin to accrue on the business day of the date of deposit. Minimum Balance Requirements: Minimum Opening Deposit / Minimum to earn stated APY is $500 / $500. If the minimum average daily balance is not met, you will not earn the stated APY. A jumbo share certificate has a minimum balance of $50k. Fees and Charges: See separate Schedule of Fees. Early Withdrawal Penalties: We may impose a penalty of up to one quarter�s (90 day�s) worth of dividends. The penalty is calculated as a forfeiture of part of the dividends that have been or would be 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. Request for early withdrawals must be submitted in writing and signed by all parties, and the remaining balance must meet minimum balance requirements. Exceptions are limited, on a case by case basis, and at the option of the credit union. Transaction Limitations: After the Step Rate, Bump Rate, or Other Promotional Certificate is purchased, no deposits can be made in the account until the maturity date or during the 10 day grace period. Credit Union reserves the right to limit deposits into this special certificate. Nontransferable/Nonnegotiable: Your share certificate is nontransferable and nonnegotiable. Rate: The *Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. The Dividend Rate and APY are fixed and will be in effect for the term of the account. These limited time offers are subject to change/end at any time without notice. 24 Month Step Rate APR/APY: 1st 6 Months 3.70% / 3.75% 2nd 6 Months 3.94% / 4.00% 3rd 6 Months 4.43% / 4.50% 4th 6 Months 5.39% / 5.50% 24 Month Bump Rate APR/APY: 4.13% / 4.20% Onetime option where member can initiate an increase the certificate rate to the current 24 Month rate at the time of request. Promotional and Special Certificate rates are not eligible to bump up to.