SHARE ACCOUNT DISCLOSURE STATEMENT

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the

United States Government. National Credit Union Administration, a U.S. Government Agency.

SHARE ACCOUNT

DISCLOSURE

STATEMENT

CONTACT INFORMATION

Please contact us with any questions about these disclosures or

with any concerns related to your account.

By Phone:

800-525-9094

Available 24 hours a day, 7 days a week

In Writing:

Global Federal Credit Union

P.O. Box 196613

Anchorage, AK 99519-6613

In Person:

You may also talk to us in person at any of our branches.

GCU 02454-D R 240502a

Business, Organization, Association, and Public Unit Accounts

globalcu.org

GCU 02454-D R 240502a

WELCOME TO GLOBAL FEDERAL CREDIT UNION .................................................................................3

MEMBERSHIP AND ACCOUNT AGREEMENT.............................................................................................3

DEPOSIT REQUIREMENTS ...............................................................................................................................5

TRANSACTION PROCESSING .........................................................................................................................7

CHECK 21 AND SUBSTITUTE CHECKS .........................................................................................................9

GLOBAL AND MEMBER LIABILITY ..............................................................................................................10

GLOBAL LIEN AND SECURITY INTEREST .................................................................................................10

TAXPAYER IDENTIFICATION NUMBERS AND BACKUP WITHHOLDING ......................................... 11

BANK SECRECY ACT INFORMATION .......................................................................................................... 11

STATEMENTS AND COMMUNICATIONS ..................................................................................................... 11

DISCONTINUANCE OF SERVICES AND ACCOUNT CLOSURES ........................................................ 12

SEVERABILITY ................................................................................................................................................... 12

GOVERNING LAW ............................................................................................................................................. 12

FUNDS AVAILABILITY ..................................................................................................................................... 12

SAVINGS AND CERTIFICATES ...................................................................................................................... 13

INSUFFICIENT FUNDS: OVERDRAFTS AND RETURNED ITEMS ....................................................... 15

ELECTRONIC FUNDS TRANSFER DISCLOSURE – BUSINESS ACCOUNTS ....................................16

TABLE OF CONTENTS

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GCU 02454-D R 240502a

1. WELCOME TO GLOBAL FEDERAL CREDIT UNION

1.1. Getting Started

. Thank you for opening an account with

Global Federal Credit Union (Global Credit Union or Global).

Please read this Share Account Disclosure Statement carefully

as it contains important terms and conditions that apply to your

account with Global.

1.2. How to Contact Us

. You can contact us with any questions

about these disclosures or with any concerns related to your

account.

By phone:

800-525-9094

In Writing:

Global Federal Credit Union

P.O. Box 196613

Anchorage, AK

99519-6613

In Person:

You may talk to us in person at any of our branches.

2. MEMBERSHIP AND ACCOUNT AGREEMENT

This Agreement governs all Global Business Share Draft

(Checking) and Business Share (Savings) Accounts (including

Certificates) opened for business or commercial purposes. This

Share Account Disclosure Statement, the applicable “Schedule of

Service Fees,” the “Business Account Application and Agreement”

that you signed, and other account opening documents for your

account are part of the binding contract (the Agreement) between

you and Global for your share account. This Agreement covers

your rights and responsibilities concerning your business accounts

and the rights and responsibilities of Global. When you complete

the documentation to open a business account or keep your

business account open, you acknowledge that you have reviewed

and understand the terms of this Agreement, and you agree to be

governed by the terms in this Agreement. You understand that

these terms, which may be periodically changed or supplemented,

are a binding contract between you and Global for your share

account. We give this Agreement to you when you open your

account. Additional copies may be obtained by contacting us via

one of the methods in section 1.2 “How to Contact Us.”

The organization, association, sole proprietorship, corporation,

partnership, limited liability company, or public unit in whose

name the account is held is referred to as the “business member”,

“member”, or “legal entity.” In this Agreement, the words “you,”

“your,” and “yours” mean the member who opens an account

with Global, anyone who signs a “Business Account Application

and Agreement” or signature card, account change card, form to

change or add authorized signers, or any other account opening

document, and anyone for whom membership and/or service

requests are approved through Global’s online application and

authentication process. The words “we,” “us,” and “our” refer to

Global Federal Credit Union. The word “account” means any one

(1)or more share or other accounts you have with Global.

The term “Share Account(s)” generically and collectively refers to

the following types of shares: savings, money market, share draft

(checking), and certificates. Share draft accounts will be referred

to as checking accounts and share drafts as checks.

By signing your “Business Account Application and Agreement,”

you and all authorized signers agree to abide by the terms and

conditions and fee schedules applicable to all accounts and

services you receive from Global and to conform to Global’s bylaws

and amendments thereto. You authorize us to perform a credit

check or obtain a credit report at any time. Member accounts,

including the account numbers, are solely owned by the member.

All share accounts are non-assignable and non-transferable to

third parties.

The terms and conditions of this Agreement and these accounts

and services are subject to change without your approval and

without notice to you unless prior notification is required by

law. When we change this Agreement, the revised version of

this Agreement supersedes all prior versions and governs your

account. If you continue to use your account or keep it open, you

are deemed to have accepted and agreed to the change and are

bound by the change. If you do not agree with a change, you may

close your account as provided in this Agreement. You will be

notified of any change, amendment, or modification that would

adversely affect you at least thirty (30) days, or greater than thirty

days if specifically required by law or regulation, in advance of

such change. Any notice provided by us to you constitutes notice

to all individuals authorized by you to access the account. If you

have any questions, please contact us via one of the methods in

section 1.2 “How to Contact Us” of this Agreement.

2.1. Membership Eligibility

a. Eligibility.

The business member must meet at least one

of the membership qualifications defined in Global’s Field of

Membership. A business entity is eligible to become a member

of the credit union provided it qualifies in one of the following

ways: (1) the business is located within an eligible community

charter location, or (2) the business itself is listed in the Field of

Membership, or (3) all owners (which may include all shareholders)

are existing members or eligible to become members of Global.

You also must purchase at least one (1) share (the value of one

share is $5).

Your membership is contingent on satisfactory verification of

identity in compliance with the USA PATRIOT Act. To help the

government fight the funding of terrorism and money laundering

activities, federal law requires all financial institutions to obtain,

verify, and record information that identifies each person who

opens an account, including the beneficial owners of legal entities.

GCU 02454-D R 240502a

When you apply to become a business member, we will require

each beneficial owner’s name, physical address, date of birth, and

other identifying information. Beneficial owners are identified as:

›

Each individual who owns, directly or indirectly, 20% or more

of the equity interests of the legal entity member. Indirect

ownership includes ownership by an individual that is held

through another corporate entity.

›

An individual with significant responsibility for managing

the legal entity (e.g., a Chief Executive Officer, Chief Financial

Officer, Chief Operating Officer, Managing Member, General

Partner, President, Vice President or Treasurer), or any other

individual who regularly performs similar functions.

Global requires appropriate proof of existence of the legal

entity and other documents providing proof of authority to

establish accounts and services. If Global is not able to verify

the required beneficial owner(s) or authorized signer(s) identity,

Global reserves the right to not open an account or establish a

relationship.

Requests for business membership or the ability to act as an

authorized account signatory may be denied to individuals who

have caused Global a financial loss and/or who have a record of

account abuse with a consumer reporting agency.

Once you qualify for membership, you will not be required to

requalify if you have maintained active membership status. An

active member must maintain a balance of at least $5 (par value

of one share) in any share account. If the account balance drops

below $5 for any reason, including as the result of the imposition

of any share account service fee, and the balance is not increased

to $5 within a six-month (6-month) period, your membership

may be terminated. If your membership is terminated, you will

need to re-qualify for membership, by being in Global’s Field of

Membership and purchasing a share, to receive account services.

b. Prohibited Activities.

Global will not provide account

services to any person or organization:

›

Registered as or engaged in doing business as a Principal Money

Service Business (MSB);

›

Routinely engaged in providing check cashing services to third

parties or acting as a third-party processor;

›

Whose primary business is the operation and/or servicing of

more than one (1) private ATM or any ATM network;

›

Registered as or engaged in doing business as a Peer-to-Peer

(P2P) exchanger, exchanger or administrator of any virtual

currency, as defined below, or any other type of business that

violates state or federal law. These definitions are intended to

be consistent with virtual currency definitions and guidance

provided by the Financial Crimes Enforcement Network.

A P2P exchanger includes any natural person engaged in the

business of buying and selling virtual currency for profit.

An exchanger includes a person or business engaged in the

exchange of virtual currency for real currency, funds, or other

virtual currency.

An administrator includes a person or business engaged in

issuing (putting into circulation) a virtual currency, and who

has the authority to redeem (to withdraw from circulation)

such virtual currency.

A user is a person who obtains virtual currency to purchase

goods or services on his or her own behalf. Users are exempt

from these prohibitions and are not subject to the restricted

account prohibitions listed here.

›

Engaged in the business of betting or wagering, or that

knowingly accepts payments in connection with the participation

of another person in unlawful Internet gambling, as defined in

Regulation GG, the Unlawful Internet Gambling Enforcement

Act (UIGEA). Global may also restrict electronic debit activity

applicable to member accounts that originate from known

Internet gambling providers or may be coded as originating

from a gambling establishment, as defined by Regulation GG;

›

Registered as or engaged in the direct operation of a Tier I or

Tier II marijuana related business (MRB), as defined below, or

any other type of business that violates state or federal law.

Global utilizes a risk-based tier structure to categorize MRBs.

A Tier I MRB includes businesses directly engaged in the

marijuana industry through the manufacture, distribution,

and/or disbursement of marijuana.

A Tier II MRB is not directly engaged in manufacturing,

distribution, or disbursement of marijuana, but has a specific

and intentional focus on providing products and services to

such businesses.

Tier III MRBs are not traditional marijuana-related businesses,

but rather businesses that may occasionally or periodically sell

services to the industry or products that may be used by Tier

I or Tier II MRBs.

As a matter of policy, and in recognition of resource constraints

and member service capability, Global will not provide

account services to Tier I or Tier II MRBs, with the specific

exception of employees of MRBs and hydroponic suppliers

which are permissible.

›

Registered as or engaged in the direct operation of Tier I or Tier

II hemp related business (HRB), as defined below, or any other

type of business that violates state or federal law. Global utilizes

a risk-based tier structure to categorize HRBs.

A Tier I HRB includes businesses that cultivate, plant, grow,

handle, harvest, condition, distribute, or store hemp, hemp

plants, hemp plant parts, hemp products, or hemp seed.

GCU 02454-D R 240502a

A Tier II HRB includes businesses that are not directly engaged

in cultivating, planting, growing, distributing, or disbursing of

hemp, but have a specific and intentional focus on providing

products and services to such businesses.

A Tier III HRB includes businesses that occasionally or

periodically sell services to the industry or sell products that

may be used or produced by Tier I or Tier II HRBs and those

sales are incidental to the overall business revenue.

As a matter of policy, and in recognition of resource constraints

and member service capability, Global will not provide account

services to Tier I or Tier II HRBs, with the specific exception of

employees of HRBs which are permissible.

Global may:

›

Restrict deposits or withdrawals by any member who deposits

and/or withdraws in aggregate more than $150,000 in cash per

calendar month for more than two consecutive months, or three

months within the last 12 months; or

›

Restrict account services to any member who utilizes their

account in a manner inconsistent with the account type, if such

activity results in the avoidance of account fees.

2.2. Business Account.

Your account shall be subject to

withdrawal or receipt by any one of the authorized signers and

payment to any of them shall be valid and shall discharge Global

from any liability for such payment. Each of the authorized signers

is authorized to access the account by any means approved by

Global. We may require that third-party checks payable to a

business may only be deposited to a business account.

If more than one person is authorized to write checks or draw items

on the account, you agree that Global can honor checks signed

by any ONE or more authorized signers, even if there are two

or more lines on the items for a signature and the item purports

to require two or more signatures. You agree that any condition

on an account that purports to require two or more authorized

signers on items drawn on the account is an internal condition to

the business’ operations and is solely for the business’ internal

control purposes and is not binding on Global.

You acknowledge and agree that you are pledging all or any

part of shares/funds in the account as collateral security for any

loan or loans, excluding credit card accounts, with Global. Any

authorized signer may access any credit line loan established

with this account through any access means made available by

Global. You and authorized signers agree that Global is authorized

to charge, at any time, against any account associated with this

master account number, any indebtedness owing to us by you.

Global reserves the right to require you to provide a new

account agreement or account amendment and board minutes

for corporations, associations, and organizations or other

documentary evidence satisfactory to us informing us who is

authorized to act on your behalf. No Payable on Death (POD)

beneficiary designation or other designation shall apply to the

account.

If we receive conflicting instructions or a dispute arises as to

authorization with regard to the handling of an account, you

agree we may place a hold on that account until such conflict or

dispute is resolved to our satisfaction, and we will not be liable for

dishonored items as a result of such hold. You agree that Global

shall have no notice of any breach of fiduciary duties arising from

any transactions by any agent of yours, unless we have actual

notice of such breach.

You agree to notify Global of any change in the authority of agents

or authorized signers. We may rely on written authorization until

such time as we are informed of changes in writing and such

changes shall not affect transactions made within one business

day of receipt of notice by us. If an authorized signer is deleted

from the account, any checks bearing such signer’s signature that

are presented for payment shall be honored by us. Accordingly,

you shall be solely responsible for recovering any checks in the

possession of a signer who is removed from the account.

2.3. Share Insurance Coverage.

Accounts are federally

insured to at least $250,000 by the National Credit Union

Association (NCUA). The NCUA is the federal agency that charters

and supervises federal credit unions and insures savings in federal

credit unions across the country through the National Credit

Union Share Insurance Fund (NCUSIF). The NCUSIF is a federal

fund backed by the full faith and credit of the United States

government.

Accounts for partnerships, corporations, and unincorporated

associations are separately insured for up to $250,000. Accounts

for sole proprietors, including doing-business-as (DBA) accounts,

are not insured separately from accounts for individuals. Adding

authorized signers to accounts does not increase account

coverage.

For more information about NCUA share insurance, please see

the “Your Insured Funds” brochure, which is published by NCUA

and available at all Global branches and online at https://www.

mycreditunion.gov/sites/default/static-files/insured-funds-

brochure.pdf.

3. DEPOSIT REQUIREMENTS

3.1. General Provisions.

All deposits are subject to “proof” by

Global. This means Global reserves the right to review the cash,

checks, or other items deposited to confirm the amount of the

deposit. You are responsible for all items deposited into your

account— including any problems that may ensue. If you deposit

one or more checks, money orders, cashier’s checks, or other

such items, we do not generally verify whether they are valid at

the time you deposit them. Your account may be charged for the

value of an item if it is not paid for any reason, which may result

in your account being overdrawn and fees being assessed. We

GCU 02454-D R 240502a

are not required to verify or question the authority of any person

making a deposit to your account. We may accept an item for

deposit from any person. If your account is overdrawn and you

make a deposit, the funds may be applied first to fees you owe us

and/or to pay any existing overdraft.

If funds are deposited into a checking account, the deposited

funds may be used to pay checks that have been written or may

be withdrawn in cash. Although you may withdraw these funds,

you remain responsible for any deposited check that may be

returned unpaid.

We may refuse a deposited item entirely or partially. We may

return an item you have deposited. Or we may accept it for

collection only. If you deposit counterfeit cash, your account may

be charged for the amount determined to be counterfeit.

3.2. Deposit Preparation and Acceptance.

Any deposits not

made in person at a branch may be opened and counted by any

Global employee or authorized agent. You agree not to dispute

the amount of any cash deposit not made in person at a branch.

We determine the date of a deposit at our discretion, and this will

affect the date on which the deposit is credited to your account.

This may depend on the manner in which it was deposited (in

person, ATM, night depository, mail, etc.). We reserve the right to

adjust the amount that you deposit with us based on subsequent

verification of deposited items by us.

3.3. Deposit Error Correction.

Global can correct any errors

found. For example, if you made an error in adding the amount

of your deposit, we can correct your account to reflect the actual

amount deposited. Global can correct errors even if we gave you

a receipt for the incorrect amount or already posted the incorrect

amount to your account.

If you use a deposit slip for depositing funds, you must ensure

that the amount shown on the deposit slip is correct. We may use

the amount shown on the deposit slip to provisionally credit your

account. If the amount shown on the deposit slip is later shown

to have been incorrect, we reserve the right to either adjust your

account or not adjust your account unless you notify us of the

error.

If an error was made with a deposit, we may adjust your account.

This may be done regardless of whether you have withdrawn some

or all of the funds. We are not responsible for any errors or delays

made by others in the collection process. We are responsible only

for exercising an ordinary level of care.

It is your responsibility to identify the correct account for your

deposits, and you are responsible for any fees, costs, damages, or

loss that may occur if you incorrectly identify the account for your

deposits. We may choose to deposit funds into the account you

designate regardless of whether there are discrepancies between

the name or account number and your instructions.

3.4. Overpayments and Reversals.

If funds are transferred

to your account by mistake, we may reverse the transfer without

notice to you, even if it causes your account to be overdrawn.

Similarly, if funds are deposited to your account by mistake, we

may deduct those funds from your account, even if it causes your

account to be overdrawn. We may do this without giving you prior

notice.

3.5. Returned Items.

Our returned check procedures apply to

all funds that you have deposited into your account or that we

have cashed for you— collectively called “cashed or deposited

checks.” We may take any of the actions described in this section

(including withdrawals and holds) without notice to you, even

if our actions cause your account to be overdrawn or to have

insufficient funds.

Funds in the amount of a returned check may be deducted from

your account at any time starting with the date it is returned to

us by any means or starting with the date we are notified that the

check will be returned to us—whichever is earlier. We may place

a hold on funds in your account while we work to resolve the

returned check, even if the check has already been paid by the

bank on which it is drawn, regardless of whether the payment is

considered final.

For each cashed or deposited check that is returned to us, we may

charge you a fee. You agree to immediately pay any fees, charges,

or overdrafts incurred because of returned checks in your account.

We are not obligated or required to question or investigate the

circumstances behind any returned check or to take any action

with regard to a returned check. We may accept a returned check,

pay the claiming party, and withdraw the relevant funds from

your account without regard to whether the check was paid by

the other party and without regard to any midnight deadline or

clearinghouse rules. We will accept (and you agree to accept) an

electronic notice of return, a copy of the original check with an

indemnity stamp, an image replacement document, or an image

as documentation of the returned check instead of the original

check.

We may choose to (but are not obligated to) resubmit the

returned check for payment, and we are not obligated to notify

you if we choose to do so. We may, at our discretion, notify you

about some returned checks.

3.6. Endorsing Checks.

We may accept items deposited to

your account even if you have not endorsed them. We reserve the

right to require your endorsement on deposited items. We may

refuse a deposited item if individuals who are not account owners

have endorsed the item.

Checks written to a signatory on the account may be accepted if

they are endorsed by any other signatory on the account.

If a check you wish to cash or deposit is payable to another party

GCU 02454-D R 240502a

or is payable to you and other parties, we may require that the

check be endorsed by all parties named on the item. We may

require that the parties provide documentation of their personal

identification or an endorsement guarantee.

For checks deposited using Mobile Remote Deposit (mobile

deposit), you agree to add “FOR MOBILE DEPOSIT ONLY, Global

account # ____” immediately below the signature line. Checks

deposited electronically that do not include this restricted

endorsement may not be accepted for deposit. Once a check

has been deposited and accepted electronically, it may not be

deposited to another financial institution. Mobile deposits that

do not bear a restricted endorsement and are later deposited at

another institution will be returned and subject to a return deposit

fee as stated in the Statement of Service Fees - Business.

The Federal Reserve has established standards for endorsements

on the back of checks. Payee endorsements must be restricted to

the 1.5- inch area on the back of the check beginning at the trailing

edge. (The trailing edge is the left end when viewing the check from

the front.) All other areas on the back of the check are reserved

for financial institution endorsements. If the person presenting the

check or any prior endorser writes on or imprints information in

the areas reserved for financial institutions, a financial institution’s

endorsement may be obscured and could result in a late return of

the check if it is not paid. You are responsible for any loss incurred

by you or Global due to such a late return. Additionally, you will be

responsible for any late returns caused by preprinted information

or carbon bands that may appear on the backs of checks that are

negotiated by you.

If you use a Facsimile Signature, you authorize and direct Global,

without further inquiry and as an accommodation to you, to honor

and pay checks, drafts, and other items for which a Facsimile

Signature was used, and to charge and debit the member

account(s) for such items, regardless of how or by whom the

actual or purported facsimile signature was affixed. You agree

to assume full responsibility for withdrawals or items we pay

containing or purporting to contain a Facsimile Signature and

are precluded from asserting and agrees to indemnify and hold

us harmless from any and all losses, claims, damages, liabilities,

attorney’s fees, costs, and expenses arising from or related to

any use, misuse, or unauthorized or unlawful use of a Facsimile

Signature or device.

3.7. Foreign Checks.

Some checks may be accepted for

collection only and may not be cashed upon presentment. This

includes checks drawn on foreign banks or checks in foreign

currencies. Our Funds Availability Policy does not apply to any

foreign checks, whether or not we accept it for deposit or on

a collection basis. Such checks are processed separately and

will typically be credited to your account only when we receive

payment for the check. If we credit your account before receiving

payment, and then do not receive payment, or the check is returned

unpaid, your account may be debited, regardless of whether this

causes your account to be overdrawn, for the amount of the item

at the current exchange rate, which may be different than the

initial credit. Foreign currency conversion rates are determined by

the processing or paying bank. Foreign checks may be subject to

fees imposed by Global and other financial institutions involved

in processing the check. These fees are required to be paid even

if the check is returned unpaid. If payment of a fee is required

prior to processing the item, we may pay the fee and deduct the

amount from your account, regardless of whether this causes your

account to be overdrawn. Such a fee may be deducted from the

amount paid to us by another financial institution.

3.8. Demand Drafts and Remotely Created Checks.

You

guarantee that a demand draft or remotely created check that you

deposit to your account is authorized by the identified drawer and

in accordance with the terms on its face. If you authorize a third

party to draw a remotely created check or demand draft against

your account, you may not later revoke your authorization. It is

your responsibility to resolve any authorization issues directly

with the third party. We are not required to credit your account

and may charge against your account any remotely created

check or demand draft for which the third party has proof of your

authorization. You indemnify us from all loss, expense, and liability

in the event that such an item was not authorized.

4. TRANSACTION PROCESSING

There are two basic types of transactions that post to your account:

credits (deposits) and debits (withdrawals). It is important to be

familiar with how each type of credit and debit is applied to your

account so that you know the amount of funds available to you at

any given time.

We provide you notice of credits and debits to your account by

listing them on your account statement. We are not obligated

under the operating rules of the National Automated Clearing

House Association (NACHA) or the Uniform Commercial Code

(UCC) to send a separate notice or receipt for wires or electronic

transfers. If you have a question on an incoming transfer, please

Agreement).

4.1. Actual Balance, Available Balance, and Order of

Transactions.

a. Actual Balance.

Your actual balance is the actual amount

of money in your account. This amount is updated throughout

the day as transactions are posted. It does not include pending

transactions or holds. You agree we may give you credit for an

ACH payment before we receive final credit; however, any such

payment is provisional until we receive final settlement. If we do

not receive final settlement of an ACH that we have provisionally

credited, we will reverse the entry and you will be liable to us for

the amount of the transaction.

GCU 02454-D R 240502a

b. Available Balance.

Your available balance is the amount of

money in your account that is currently available for you to make

purchases, withdrawals, etc. The available balance reflects any

pending transactions and any holds placed on deposits. Your

available balance is updated throughout the day as transactions

are posted. It does not include any checks you have written that

have not been presented for payment, bill payments that have

been scheduled but not yet sent, or ACH transactions (direct

withdrawals and/or direct deposits) that have not yet posted.

Available balance is used to determine whether an item will be

paid and to assess overdraft fees.

c. Order of Transactions.

Typically, Global posts transactions in

the order they are received. We cannot control when transactions

are presented for deposit or payment. We make every attempt to

post credits before debits so that members receive the maximum

benefit of their funds. Both the actual and available balances of

your account can be checked at a Global ATM, when reviewing

your account information online, by phone, or at a branch.

4.2. When Transactions Are Posted

a. In-Person Cash Transactions.

Cash deposits presented in

person at a branch location during business hours post to your

account as they are received and are available for immediate

withdrawal. In-person cash withdrawals also post immediately.

b. Night Deposits.

Deposits made using a branch night

depository post several times a day. Deposits made throughout

the day will be posted no later than the branch closing time.

Deposits made after branch operating hours will be posted the

next business day, generally within one hour of the branch opening

time. Deposits may not be available for withdrawal subject to the

‘Funds Availability’ section of this disclosure.

c. Checks and Remote Deposit Capture.

When you write a

check, it may be negotiated in an Global branch for deposit or to

be cashed, or it may be negotiated at another financial institution

and processed through the Federal Reserve System. Checks

presented at an Global branch will generally be debited from your

account as soon as they are received. Checks received from the

Federal Reserve System will be processed at least once each day

and will post in check number order.

Business members can deposit checks remotely either by using

Mobile Remote Deposit on the Global App, or by using Business

Remote Deposit, which uses a scanner to upload checks. Business

members must apply and be determined to be eligible before they

will be permitted to use Remote Business Deposit. Any deposit

that does not meet the criteria required by the Mobile Remote

Deposit or Remote Business Deposit service requires additional

review and verification that may delay posting.

Mobile Remote Deposit. Deposits made using Mobile Remote

Deposit will generally be made available within 30 minutes unless

further verification or extended hold periods are needed. Deposits

of larger checks may not be fully available until up to five business

days after the deposit if hold periods apply. If further verification

is needed, deposits submitted via the Service prior to 5:00 p.m.

Alaska Standard Time (AST) Monday – Friday, except for holidays,

will be reviewed the same business day. If the item is approved,

the funds will be deposited to your account, subject to applicable

check holds, before 6:00 p.m. AST on the same business day

and you will receive an “Approved” email confirmation. Funds

deposited outside of business hours, AST, will be reviewed on the

following business day. Deposits of larger checks may not be fully

available until up to four business days after the day of deposit if

hold periods apply. Members are sent an email notification of any

holds placed on deposited items.

Business Remote Deposit. Deposits made using Business Remote

Deposit typically are posted the same business day. Deposits

made after 5:00 p.m. AST, or on weekends and/or holidays, will be

processed the following business day.

d. ATM Transactions.

Global has two types of depository

ATMs (automated teller machines). “Intelligent Depository”

ATMs allow you to deposit cash or checks directly into a bill

feeder; “Envelope Depository” ATMs allow you to place checks

into a deposit envelope. Cash deposits made using an Intelligent

Depository post to your account as they are received and are

available for immediate withdrawal. Check deposits made using

either an Intelligent or Envelope Depository post to your account

as they are received but may not be available for immediate

withdrawal. Generally, we will attempt to make at least part of

your check deposit immediately available. However, some check

deposits may be automatically delayed for one business day, and

deposited checks may be held longer, once the deposited item(s)

are reviewed.

ATM withdrawals are transactions where you use your debit or

credit card and enter your PIN to withdraw cash at an ATM. Except

in rare circumstances, ATM withdrawals immediately post to your

account at the time of the transaction.

e. Debit Card Transactions.

Debit card transactions are

processed in one of two ways. When a merchant asks if you are

using the card as “debit or credit,” “debit” means the purchase will

be processed as a Point-of-Sale (POS) transaction and “credit”

means the purchase will be processed as a signature-based

transaction. Regardless of how the transaction is processed,

Global will use your available balance to determine whether a

transaction will be approved (authorized) or declined.

Typically, POS transactions are ones in which you use your debit

card and enter your PIN at the time of purchase. Under certain

dollar limits, some merchants will not require your PIN for a POS

transaction. POS transactions are similar to ATM withdrawals

because they usually post to your account at the time of the

transaction. However, sometimes merchants do not present POS

transactions for immediate payment. Regardless, we will attempt

GCU 02454-D R 240502a

to post the transaction as soon as it is received.

Signature-based transactions are ones in which you use your debit

card and sign for the transaction instead of entering your PIN.

For certain transaction types, or under certain dollar limits, some

merchants will not require your signature for the transaction even

though your PIN was not used. Signature-based transactions do

not immediately post to your account; these transactions will post

when they are presented by the merchant, generally within three

(3) business days. As described above, debit card transactions

are authorized based on your available balance. When Global

authorizes a signature-based debit card transaction, we will place

an authorization hold on the corresponding amount of funds in

your checking account to cover that transaction, however; the

authorization hold will immediately expire and the corresponding

funds will become available.

Credits (refunds) from debit card purchases are posted to your

account as they are received, which may be 3-5 days after the

merchant has processed your return. Once posted, these credits

are available for immediate withdrawal.

f. Automated Clearing House (ACH) Transactions.

Global

processes transfers through the Automated Clearing House

(ACH). ACH transfers, which are sometimes referred to as direct

deposit or electronic payments, are subject to rules of NACHA.

Your rights and obligations with respect to these transactions

shall be governed by and construed in accordance with the laws

of the state of Alaska, as provided by NACHA’s Operating Rules.

In the case of credit entries subject to Article 4A of the Uniform

Commercial Code, Global hereby provides notice that such entries

may be transmitted through the ACH Network pursuant to the

ACH Rules governed by NACHA.

Global is not required to give next day notice to you of receipt of

an ACH item, and we will not do so. However, we will continue to

notify you of the receipt of payments in the periodic statements

we provide to you.

Funds from electronic direct deposit will be available on the date

Global receives payment for that deposit. We may give you access

to funds deposited by ACH before final settlement. Credit given

by us to you with respect to an ACH credit entry is provisional

until we receive final settlement for that entry through a Federal

Reserve Bank. If we do not receive such final settlement, we are

entitled to a refund from you in the amount credited to your

account in connection with such entry, and the payor of the entry

will not be deemed to have paid you the amount of such entry.

If you originate an ACH transaction you are agreeing to comply

with and be bound by the rules of the NACHA. You should be

aware that we may not match the name on the receiving account

to the name of the individual listed on the transaction. Rather,

we may rely solely on the account number provided to post the

transaction.

g. Bank Wires.

Deposits from incoming bank wires are posted to

your account as they are received and are available for immediate

withdrawal.

We may delay the processing of an outgoing wire transfer request

to verify information as required by The USA PATRIOT Act. Wire

transfers may be sent through Fedwire which is a system operated

by the Federal Reserve System and governed by Regulation J. You

are responsible for verifying the information you provide to Global

for outgoing wire transfer instructions. You should be aware that

financial institutions are not obligated to match the name on the

receiving account to the name of the beneficiary listed on the

wire transfer request. Rather, financial institutions may rely solely

on the account number provided on the wire transfer request.

Therefore, it is critical to ensure the accuracy of your wire transfer

instructions. Once a wire transfer has been transmitted, it may

not be recovered. The cut-off times for receipt and processing

of wire transfer requests will be communicated to you at the

time of your request. Funds for an outgoing wire transfer will be

withdrawn from the account the day the wire is processed. Global

will not be liable for any failure to act or delay due to a lack of

sufficient available funds in your account or any inaccuracy in the

instructions provided.

Wire transfers involving only US currency that are not completed

on the day the instructions are received may be processed on a

subsequent business day.

Wire transfers involving a foreign currency require the instructions

be received on the business day the transfer is processed.

4.3. Postdated and Staledated Checks and Stop Payment

Orders.

For checks drawn on Global member accounts, a post-

dated check or a check of which the date is at least six months old

may be paid upon demand unless Global has been instructed to

stop payment.

5. CHECK 21 AND SUBSTITUTE CHECKS

What is a substitute check?

To make check processing faster,

federal law permits financial institutions to replace original checks

with “substitute checks.” These checks are similar in size to original

checks with a slightly reduced image of the front and back of the

original check. The front of a substitute check states: “This is a

legal copy of your check. You can use it the same way you would

use the original check.” You may use a substitute check as proof of

payment just like the original check.

Some or all of the checks that you receive back from us may

be substitute checks (for example, a check you deposit to your

account that is returned unpaid may be returned to you as a

substitute check).

Your rights regarding substitute checks.

In certain cases,

federal law provides a special procedure that allows you to request

a refund for losses you suffer if a substitute check is posted to your

GCU 02454-D R 240502a

account (for example, if you think that we withdrew the wrong

amount from your account or that we withdrew money from your

account more than once for the same check). The losses you may

attempt to recover under this procedure may include the amount

that was withdrawn from your account and a refund of fees that

were charged as a result of the withdrawal (for example, NSF

check fees).

The amount of your refund under this procedure is limited to

the amount of your loss or the amount of the substitute check,

whichever is less. You are also entitled to dividends on the amount

of your refund if your account is a dividend-bearing account. If

your loss exceeds the amount of the substitute check, you may be

able to recover additional amounts under other law.

If you use this procedure, you may receive up to $2,500 of your

refund (plus dividends if your account earns dividends) within

ten (10) business days after we receive your written claim and the

remainder of your refund (plus dividends if your account earns

dividends) not later than forty-five (45) calendar days after we

receive your written claim.

We may reverse the refund (including any dividends on the

refund) if we later are able to demonstrate that the substitute

check was correctly posted to your account.

How do I make a claim for a refund?

If you believe you have

suffered a loss relating to a substitute check that you received and

that was posted to your account, contact us immediately via one

of the methods in section 1.2 “How to Contact Us”.

You must contact us within sixty (60) calendar days of the date we

mailed (or otherwise delivered by a means to which you agreed)

the substitute check in question or of the date of the account

statement showing that the substitute check was posted to your

account, whichever is later. We will extend this time period if you

were not able to make a timely claim because of extraordinary

circumstances. When contacting us to make your claim, please

include the following information:

›

A description of why you have suffered a loss (for example, you

think the amount withdrawn was incorrect);

›

An estimate of the amount of your loss;

›

An explanation of why the substitute check you received is

insufficient to confirm that you suffered a loss;

›

A copy of the substitute check and/or the following information

to help us identify the substitute check: the check number, the

name of the person to whom you wrote the check, the amount

of the check, and the date the check was posted to your account.

If you contact us in person or by telephone, we will require that

you forward your claim to us in writing within ten (10) business

days.

Please note that if we ask you to submit your claim in writing and

we do not receive it within ten (10) business days of our request,

we may not credit your account.

6. GLOBAL AND MEMBER LIABILITY

If we do not properly complete a transaction according to this

Agreement, we will be liable for your losses or damages, not

to exceed the amount of the transaction, except as otherwise

provided by law. We will not be liable if: (1) your account contains

insufficient funds for the transaction; (2) circumstances beyond

our control prevent the transaction; (3) your loss is caused by your

or another financial institution’s negligence; or (4) your account

funds are subject to legal process or other claim. We will not be

liable for consequential damages, except liability for wrongful

dishonor. We exercise ordinary care and our actions or nonactions

shall be consistent with applicable federal and state law, Federal

Reserve regulations and operating letters, NCUA regulations, and

clearinghouse rules. You grant us the right to rely exclusively on

the form of the account and the terms in this Agreement. Any

conflict between what you or our employees may say or write will

be resolved by reference to this Agreement.

You agree to indemnify Global and hold us harmless from and

against all costs, including attorney’s fees, damages, and claims,

related to our actions if we are unable to post funds to an account

under certain circumstances, including but not limited to the

following:

a. Our closing of the account;

b. Your or any payee or endorsee’s raising of a claim regarding the

account; or

c. Our failure to cancel or process an item as a result of incorrect

information provided by you.

7. GLOBAL LIEN AND SECURITY INTEREST

Global has the right to seize deposited funds to repay financial

obligations owed by you, joint account owner, co-borrower,

guarantor, or other obligated party. These obligations may include

a negative share balance or a loan that is in default. Funds may be

seized from any account or share that lists the obligated party as

member or joint owner. You may be charged a fee for the transfer

to resolve the negative share balance.

7.1. Security Interest.

By signing the account agreement, you

acknowledge and voluntarily agree to pledge all shares and funds

in the account as collateral security for any loan or loans, excluding

credit card accounts, with Global.

7.2. Statutory Lien.

Under federal law, Global has the right

to impress and enforce a statutory lien against your shares and

dividends in the event of failure to satisfy a financial obligation and

may enforce that right without further notice to you. A “lien” on

property is a creditor’s right to obtain ownership of the property

in the event a debtor defaults on a debt. A “statutory lien” is one

GCU 02454-D R 240502a

created by federal or state statute. This lien right applies to all

accounts that you have with Global, to the extent permitted by

law, including accounts that are held jointly with another party.

Specific exceptions to our application of our statutory lien right

may apply, including the following instances: (1) to offset credit

card debt if you are delinquent on a credit card issued by us; or (2)

if you are in bankruptcy, the statutory lien would not be enforced

while an automatic stay is in effect. These exceptions do not

negate any other remedy available to Global in the event that you

default on a debt.

8. TAXPAYER IDENTIFICATION NUMBERS AND BACKUP

WITHHOLDING

If you are not a corporation and we pay you $10 or more in dividend

payments on your deposit account with us, we are required to

report the payments to you and to the Internal Revenue Service

(IRS). We may also be required to report this information to the

appropriate state revenue authority. You should consult your tax

advisor or legal professional for more information.

When you open an account with us, we are required to obtain

from you, and you certify that you have provided to us, a correct

certified U.S. Tax Identification Number (TIN) and correct

information about your backup withholding status. For a business,

the TIN is your Employer Identification Number (EIN).

About backup withholding: Backup withholding is not an

additional tax. If we are required to backup withhold, the current

backup withholding rate will apply to any dividends paid to your

account, and the amount withheld will be paid directly to the

IRS on your behalf. Backup withholding may apply in any of the

following situations: (1) if you do not give us a certified name and

TIN; (2) if the IRS notifies us that the name or TIN is incorrect; or

(3) if the IRS notifies us that you did not report all your dividends

on your tax return. If backup withholding applies to you, we are

required to report the backup withholding amounts to you and

to the IRS. Backup withholding amounts paid to the IRS may be

claimed as a credit on your federal income tax return.

In some cases, a state and local tax authority may also require

that we pay state and local backup withholding on interest paid

to your account when we are required to pay backup withholding

to the IRS.

9. BANK SECRECY ACT INFORMATION

In compliance with the Currency and Foreign Transactions

Reporting Act, also known commonly referred to as the Bank

Secrecy Act (BSA) and amended by the USA PATRIOT Act, the

U.S. government now requires that we ask you to supply certain

information about your employment, other sources of income,

and anticipated activity on your account(s).

10. STATEMENTS AND COMMUNICATIONS

10.1. Statements.

A single statement is provided to you for

all account activities linked to your account number with us.

Statements are typically provided on a monthly basis when a

checking account is linked to your account number. Statements

are typically provided on a quarterly basis when a checking

account is not linked to your account number. However, if you have

any Electronic Funds Transfer (EFT) activity in a month, you will

receive a monthly account statement. We are not obligated under

the operating rules of the National Automated Clearing House

Association (NACHA) or the Uniform Commercial Code (UCC) to

send a separate notice or receipt for wires or electronic transfers.

The statement will show all wires and EFTs that occurred, including

direct deposit, preauthorized payments, online transactions, and

any transactions involving the use of your ATM or Visa Debit Card.

If your statement (and any accompanying items) is returned to us

at any of our offices or branches, we may choose to forward it to

you or destroy it.

10.2. Notification of Errors.

You are responsible for examining

each statement of account and discovering, and then notifying us

in writing of, any errors, unauthorized transactions, alterations,

unauthorized signatures, or other problems (collectively, “the

error”) promptly.

You must notify us on or before the sixtieth (60th) day after the

first account statement containing the error was made available to

you. If you do not notify us in this period, we shall not be liable for

the error, any subsequent errors, any related payments made, and

any related charges to your account.

Global must receive notice of any unauthorized or erroneous

ACH transaction on a business account no later than 3:00 p.m.

Alaska time the business day following the effective date of the

ACH transaction. Under National Automated Clearing House

Association rules, if you do not notify the credit union within

this timeframe, you will be deemed to have authorized the ACH

transaction. We may additionally require an affidavit regarding the

problem in a form satisfactory to us. Global will tell you the results

of our investigation of your claim, the basis for our decision, and

will advise you of the action, if any, we will take.

Notify us immediately at one of the telephone numbers provided

in the “How to Contact Us” section if you think your statement or

receipt is incorrect or if you need more information regarding an

electronic transfer listed on your statement or receipt.

10.3. Notice of Changes of Address, Phone, Name, or

Email.

You are responsible for keeping an up-to-date address

and contact information on file with us and for notifying us of any

change in your address. We use the address on file to send notices

and communications to you.

By providing this information, you give us permission to contact

you to discuss your Global accounts. We may use a variety of

methods to contact you, including but not limited to mail, phone

calls, text messages, and emails.

GCU 02454-D R 240502a

If you do not provide us with your current address, we may

continue to send statements and notices to the address we have

on file for you. You agree to indemnify and hold us harmless

for doing so. We may change the address on file for you if the

U.S. Postal Service or one of its agents notifies us that you have

changed your address. We would then use the new address to

send notices and communications to you.

11. DISCONTINUANCE OF SERVICES AND ACCOUNT

CLOSURES

11.1. Discontinuance and Suspension of Services Policy.

Global may restrict or suspend your access to any or all products

or services, except the basic rights of a member to vote in annual

and special meetings and maintain a share account, if you engage

in conduct that is abusive to the credit union and its membership.

Global may permanently discontinue or temporarily suspend

account services to you for reasonable cause, which includes,

but is not limited to, but is not limited to, aggressive, violent,

disruptive, or abusive behavior towards officials, employees of

the credit union, or agents of the credit union, identity verification

issues, misconduct, fraud or attempted fraud, engaging in

restricted account activities, causing a financial loss to us, and/

or account or service abuse. Global may request beneficial

ownership information at any time after an account is opened.

If the legal entity does not provide the required beneficial owner

information as requested, Global may block or close the account.

If the legal entity member is no longer licensed to do business, no

longer in Good Standing according to the terms in this agreement,

or the entity has dissolved, the account may be closed within 90

days. Account services may also be suspended to prevent us

from incurring a loss. Discontinuance and suspension of services

applies to all account types, including those held by employees or

officials of Global. Under certain circumstances, services may be

reinstated, for example, when a member has caused us a financial

loss and later reimburses us in full.

You may appeal the discontinuance or suspension of services to

Global’s Supervisory Committee. Appeals should be submitted in

writing to the address in section 1.2 “How to Contact Us” in this

Agreement.

11.2. Zero Balance Accounts.

Accounts left with a zero

balance will be automatically closed after a reasonable

period of time, generally within 32 to 92 days from the date

of last account activity. Zero balance accounts will not be

assessed a maintenance fee unless we determine that you

are still using the account. You may reactivate zero balance

accounts within six (6) months from the date of last activity.

11.3 Account Reopening.

We may reopen your account after

closing in certain circumstances including, but not limited to,

receipt of a dishonored/returned item or a preauthorized debit

card transaction initiated on your account and not canceled prior

to account closure.

11.4. Unclaimed Property/Accounts Presumed

Abandoned.

Unclaimed property laws require us to turn over

abandoned accounts to the appropriate state. If no activity occurs

on your account within the time period specified by state law,

your account will be deemed abandoned and your funds will be

escheated to the applicable state as required by that state’s law.

“State” refers to the current address listed on your account.

11.5. Termination of Membership.

We may terminate your

membership for non-participation if you fail to maintain your

minimum required membership share for six months.

You may be expelled for any reason as allowed by applicable law.

Pursuant to Global’s bylaws and the Federal Credit Union Act,

members may be expelled at a special meeting called for the

purpose of expelling those members.

12. SEVERABILITY

If a court holds any portion of this Agreement to be invalid or

unenforceable, the remainder of this Agreement shall not be

invalid or unenforceable and will continue in full force and effect.

13. GOVERNING LAW

This Agreement, and your and our rights and obligations under

this Agreement, are governed by and interpreted according

to federal law and the laws (including applicable principles of

contract law) of the state of Alaska, Global’s bylaws, as well as

local clearinghouse rules, as amended from time to time. You

agree to be bound by all terms and conditions of our bylaws, as

amended from time to time. Notwithstanding other provisions,

you agree that changes in the bylaws will be effective when

approved by our Board of Directors, even if you do not receive

prior notice. You may obtain a copy of our bylaws upon request

via one of the methods in section 1.2 “How to Contact Us.”

14. FUNDS AVAILABILITY

14.1. Your Ability to Withdraw Funds.

In most cases, funds

deposited by check are available to you prior to final collection of

those checks.

Typically, we make funds from your cash and check deposits

available to you on the day we receive your deposit. Wire

transfers and electronic direct deposits will be available on the

day we receive the deposit. Once the funds are available, you can

withdraw them in cash and we will use them to pay checks that

you have written.

For determining the availability of deposits, every day is a

business day, except Saturdays, Sundays, and federal holidays. If

you make a deposit in person at a branch during business hours

on a business day that we are open, we will consider that day to be

the day of your deposit. However, if the deposit is made at a night

GCU 02454-D R 240502a

depository after the branch is closed or on a day that the branch is

not open, the day of the deposit will be the next business day that

the branch is open. ATM deposits made after the close of business

may be considered to have been made on the next business day.

Dividends, if applicable, will accrue from the date of the deposit

even if deposited funds are held.

14.2. Longer Delays May Apply.

In some cases, we will not

make all of the funds that you deposit by check available to you on

the first business day after the day of your deposit. Depending on

the amount and type of check that you deposit, funds may not be

available until five (5) business days after the day of your deposit.

The first $225 of your deposits, however, may be available on the

first business day.

If you make a deposit in person at a branch and we are not

going to make all of the funds from your deposit available on the

first business day, we will notify you at the time you make your

deposit. We will also tell you when the funds will be available. If

your deposit is not made directly to one of our employees, or if we

decide to take this action after you have left the premises, we will

notify you in writing when the hold decision is made.

If you will need the funds from a deposit right away, you should

ask us when the funds will be available.

In addition, funds you deposit by check may be delayed for a

longer period under the following circumstances:

›

We believe a check you deposit will not be paid.

›

You deposit checks totaling more than $5,525 on any one day.

›

You redeposit a check that has been returned unpaid.

›

You have overdrawn your account repeatedly in the last six

months.

›

There is an emergency, such as failure of computer or

communications equipment.

We will notify you if we delay your ability to withdraw funds for

any of these reasons, and we will tell you when the funds will be

available. They will generally be available no later than the fifth

business day after the day of your deposit.

Funds placed on hold will be unavailable for withdrawal by any

means until the date(s) specified.

14.3. Special Rules for New Accounts.

If you are a new

customer, the following special rules will apply during the first 30

days your account is open.

›

Funds from electronic direct deposits to an account will be

available on the date we receive payment for that deposit.

›

Funds from deposits of cash; checks drawn on Global; wire

transfers; and the first $5,525 of a day’s total deposits of

cashier, certified, teller, travelers, and government checks will be

available on the day of the deposit if the checks are payable to

you or a joint owner and the deposit was made in person to an

Global employee. If these conditions are not met, funds will not

be available until the first business day after the day of deposit.

The amount of the deposit in excess of $5,525 will be available

for withdrawal no later than nine (9) business days after the day

of deposit.

›

Funds from all other check deposits may be unavailable until

nine (9) business days after the day of deposit.

›

We may place longer holds on certain items for other reasons.

15. SAVINGS AND CERTIFICATES

15.1. Nature of Dividends.

For dividend-bearing accounts,

dividends are paid from current income and available earnings

after all expenses have been paid and required regulatory transfers

to reserves are completed at the end of a dividend period. The

disclosed Dividend Rate and Annual Percentage Yield (APY) are

the prospective rates and yields that Global anticipates paying for

the applicable dividend period.

15.2. Dividend Rates and Yields.

The Dividend Rate and

APY are provided on a separate document entitled “Share Rates

Disclosure.” That document, along with this Share Account

Disclosure Statement, are collectively referred to as “Account

Disclosures.” The dividend rates and APY set forth in the Share

Rates Disclosure are accurate as of the date on the rate sheet.

The Dividend Rate and APY for variable rate accounts may

change as determined by the Board of Directors as stated within

the Account Disclosures. Rate changes are solely within Global’s

discretion. Once a term share account (fixed rate account) is issued

or renewed, the rates are fixed over the term of that account.

Please visit globalcu.org or contact us via one of the methods in

section 1.2 “How to Contact Us” to obtain current dividend rates

and APYs for variable rate accounts.

15.3. Annual Percentage Yield (APY) Calculation.

The

APY measures the total amount of dividends paid on an account

based upon the dividend rate and the frequency of compounding.

The APY is expressed as an annualized rate based on a 365-day

year. APY calculation assumes that principal and paid dividends

remain in the account for a full 365 days (variable rate accounts)

or through the maturity date (fixed rate accounts). A withdrawal

of paid dividends before maturity of term share accounts

(Certificates or IRA Certificates) will reduce earnings.

15.4. Compounding and Crediting Dividends.

The

frequency with which dividends are compounded and credited

(Dividend Period) is set forth in the Comparative Summary of

Share Accounts. The Dividend Period is established by the Board

of Directors and may be different for each share type.

The Dividend Period begins on the first calendar day of the period

GCU 02454-D R 240502a

and ends on the last calendar day of the period. For example, if the

dividend period is monthly, then the first dividend period within

a calendar year would begin January 1 and end January 31. If the

dividend period is quarterly, then the first dividend period within a

calendar year would begin January 1 and end March 31.

The dividend declaration date precedes the ending date of

a dividend period and is usually the date of the last Board of

Directors meeting prior to the ending date of a dividend period.

The Board of Directors generally meets on the last Wednesday of

a calendar month.

The effective beginning date for Certificates and is the date the

Certificate was issued or renewed. The effective beginning date

for all other new share accounts is the first calendar day funds

were deposited.

Certificates with an original maturity of less than one (1) year will

receive accrued dividends at maturity. Certificates with an original

maturity of one (1) year or more will receive accrued dividends at

the end of each month and at maturity.

If you close your account before dividends are paid, you will

not receive the accrued dividends. Accounts of noncorporate

members opened after December 31, 1983, on which the taxpayer

identification number (TIN) has not been certified, will not receive

a dividend.

15.5. Balance Requirements and Dividend Accruals.

The

“Comparative Summary of Share Accounts” included in this

Agreement shows the minimum balance required to open each

share type, the minimum daily balance that must be maintained

in a share each day to obtain the disclosed APY, and the minimum

daily balance required to avoid the imposition of an account

maintenance fee.

Dividends are calculated by the Daily Balance method which

applies a daily periodic rate to the principal balance every day,

providing that the balance is at or above the minimum daily

balance required to earn dividends for that share type on that day.

Dividends will begin to accrue on the business day that the cash

or non-cash (e.g., check) deposit is made to the share account.

Dividends will begin to accrue on direct deposits on the effective

date of the deposit, which is the business day Global receives

credit for the deposit. The effective date of receipt is shown on

the periodic statement of account.

15.6. Transaction Limitations.

You may not withdraw

shareholdings that are pledged as required security on loans

without the written approval of a loan officer, except to the extent

that such shares exceed your total primary and contingent liability

to Global. You may not withdraw any shareholdings below the

amount of your primary or contingent liability to Global if you are

delinquent as a borrower, or if borrowers for whom you are co-

maker, endorser, or guarantor are delinquent, without the written

approval of a loan officer. However, shares issued in an irrevocable

trust are not subject to restrictions upon withdrawal except as

stated in the trust agreement.

We may refuse to allow a withdrawal in some other situations and

will advise you accordingly; for example: (1) a dispute between

account owners, unless a court has ordered us to allow the

withdrawal; (2) a legal garnishment or attachment is served; or

(3) required documentation has not been presented.

15.7. Features of Term Share Accounts

a. Maturity and Renewal. Term share accounts (Certificates) will

mature at the maturity date set forth in the Certificate Receipt or

Maturity Notice.

Certificates are eligible for automatic renewal. A Certificate

designated for automatic renewal will be extended for successive

periods equal to the original term and at the prevailing dividend

payment frequency, dividend rate, and Annual Percentage Yield

(APY) being paid by Global as of the renewal date on Certificates

with the same term and minimum balance, unless otherwise

specified by you prior to maturity.

Certificates not specified to automatically renew at maturity by

you prior to the maturity date shall be disbursed as instructed by

you.

Funds disbursed from a matured Certificate, if deposited into

another account of the Certificate owner, are subject to the terms

and conditions of that account.

b. Limitations and Amendments. During the first seven (7) days

after the date of issuance, the maturity period (term) of the

Certificate may be changed and deposits to it will be permitted.

The dividend rate for the amended Certificate will be the published

dividend rate on the original date of issuance or renewal for the

specified term and final amount.

Certificate dividends may be paid to the Certificate balance,

by automatic dividend withdrawal to another share within the

account, or by check. The dividend disposition and renewal

options for the Certificate may be changed at any time during its

term.

c. Early Withdrawal Penalties. We will impose a penalty if you

withdraw the deposited funds or any portion of them before the

maturity date. Exceptions to these penalties shall apply only in

case of death or disability of the Certificate owner.

The Early Withdrawal Penalty applies to all automatic renewals of

existing Certificates as if they were new deposits, except during

the first ten (10) calendar days after renewal. During this grace

period, all or part of the Certificate may be withdrawn without

being subject to the Early Withdrawal Penalty.

Partial withdrawals from a Certificate are not allowed if the

withdrawal would lower the balance below the required minimum.

In the event an early withdrawal lowers the Certificate balance

GCU 02454-D R 240502a

below the required minimum, the Certificate must be closed,

and the Early Withdrawal Penalty will be calculated using the full

balance of the Certificate.

Pursuant to federal regulations, a minimum Early Withdrawal

Penalty of seven (7) days’ dividends will be assessed on amounts

withdrawn within the first six (6) days after the date of issuance

of a new Certificate and on any partial withdrawals made prior to

the date of maturity. Application of this penalty may result in the

forfeiture of some principal and dividends.

The following schedule of forfeitures will also apply to Certificates:

›

If the maturity period (term) of the Certificate is ninety (90)

days or less, you shall forfeit an amount equal to the lesser of:

thirty (30) days of dividends on the amount withdrawn, or

all dividends on the amount withdrawn since the date of

issuance or renewal.

›

If the maturity period (term) of the Certificate is 91 days to 365

days, you shall forfeit an amount equal to the lesser of:

ninety (90) days of dividends on the amount withdrawn, or

all dividends on the amount withdrawn since the date of

issuance or renewal.

›

If the maturity period (term) of the Certificate is 366 days to 729

days, you shall forfeit an amount equal to the lesser of:

180 days of dividends on the amount withdrawn, or

all dividends on the amount withdrawn since the date of

issuance or renewal.

›

If the maturity period (term) of the Certificate is 730 days or

more, you shall forfeit an amount equal to the lesser of:

365 days of dividends on the amount withdrawn, or

all dividends on the amount withdrawn since the date of

issuance or renewal.

15.8 Fees.

a. Fees. The “Schedule of Service Fees - Business,” provided

when you opened your account, lists the fees that apply to your

account. This schedule is part of the binding contract between

you and Global. By opening an account with us, you agree to

pay these fees. Current information about fees for other services

(such as wire transfers, cashier’s checks, and bond redemptions)

is available by contacting us via one of the methods in section 1.2

“How to Contact Us” in this Agreement. We will notify you of any

changes in fees as required by law.

b. Charging Your Account. Fees, overdrafts, and other amounts

you owe us may be deducted by us from your accounts, and these

deductions may be made at any time without notice to you. This

does not apply to any accounts covered by the federal Truth in

Lending Act.

If the funds in your account are not enough to cover the fees you

owe us, we may overdraw your account, without being liable to

you. You agree to immediately pay all fees, overdrafts, and other

amounts you owe us. We may use deposits you or others make

to your account (including deposits of payroll and government

benefits) to pay fees, overdrafts, and other amounts you owe us.

To the extent allowable, you agree to waive any protections

against attachment, levy, garnishment, or other legal process

under federal or state law on government payments that would

otherwise be protected. You agree that we may use these funds

to pay fees, overdrafts, and other amounts you owe us under this

Agreement.

16. INSUFFICIENT FUNDS: OVERDRAFTS AND RETURNED

ITEMS

16.1. Determining Sufficiency of Funds.

Global pays debits

based on the account’s Available Balance as defined in section

2.5.a. “Available Balance.” If the available funds in your account are

not sufficient to pay the full amount of a check, draft, transaction,

or other debit (plus any applicable fee) that is posted to your

account, we may return the item or pay it using any or all of the

applicable overdraft programs in which you have enrolled, as

described below. Our determination of an insufficient Available

Balance may be made at any time between presentation and the

midnight deadline. We do not have to notify you if your account

does not have sufficient available funds prior to our determination.

16.2. Overdraft Programs.

Global offers two (2) types of

overdraft programs to business members: Overdraft Protection

and Overdraft Services for debit cards. Fees for these programs

are listed on the “Schedule of Service Fees - Business.”

Enrollment in one or more overdraft program(s) does not

guarantee that Global will always authorize and pay every

transaction. The payment of overdrafts under the programs is

a courtesy and is not a right or obligation. We may discontinue

overdraft programs for any account at any time without prior

notice and without reason or cause.

If an overdraft occurs on an account, we will notify you of the

amount paid, including any fees. You have fourteen (14) calendar

days to repay outstanding balances incurred as a result of an

overdraft. Failure to repay outstanding balances may result in

suspension of account services. You agree to immediately pay any

overdrawn amounts without notice or demand and, if in default,

all related collection costs and attorney’s fees.

a. Overdraft Protection. Overdraft Protection is a service that

automatically transfers funds from a savings share, money

market share, or credit line loan to cover overdrawn amounts in

a checking share within the same account. Overdraft Protection

applies to checks and ACH debits, and also signature-based debit

GCU 02454-D R 240502a

card transactions if the account is enrolled in Overdraft Services

for debit cards (described below).

Any authorized signatory may enroll an account in this service

by signing an “Agreement to Provide Overdraft Protection.” A

transfer fee will apply each day in which total transfers from a

savings or money market share or credit line loan exceed the limit

stated in the Schedule of Service Fees - Business. Transfers from a

credit line loan will be rounded up to the nearest $100 sufficient to

cover the overdrawn amount. If, for any reason, a credit line loan is

closed, overdraft protection from that source will be immediately

cancelled.

b. Overdraft Services for debit cards. Overdraft Services for debit

cards allows Global to pay signature-based debit card transactions

when the checking share account lacks sufficient available funds.

A tiered Negative Balance Fee will be charged each day that we

pay an item under Overdraft Services for debit cards and your

negative available balance is equal to or greater than $5.

Business accounts are automatically enrolled in Overdraft

Services for debit cards.

16.3. Nonsufficient Funds (NSF) Activity.

If available funds

are not in the account when a check, ACH debit, debit card

transaction, or other debit is presented for payment, and overdraft

programs are not available, the item will be returned unpaid.

17. ELECTRONIC FUNDS TRANSFER DISCLOSURE –

BUSINESS ACCOUNTS

This disclosure outlines the Business Member’s and Global’s rights

and responsibilities when an authorized individual uses Electronic

Funds Transfer (EFT) services offered or accepted by Global. EFTs

include:

(1) Point-of-sale (POS) transactions.

(2) Automated Teller Machine (ATM) transactions.

(3) Direct deposits.

(4) Transfers initiated by telephone.

(5) Preauthorized payments.

(6) Electronic check transactions.

(7) Any transactions conducted using online banking.

The Visa® Zero Liability policy applies to Visa-branded debit cards

issued to business members.

Some of the information contained in this disclosure may not

pertain to you; however, please retain this disclosure for your

records as it is important regarding your rights, remedies, and

responsibilities concerning EFT transactions.

17.1. Definitions.

“You” and “your” mean the business member

for whom direct deposits are intended, the business member who

has arranged for electronic payments to a third party, each person

who has signed a Cardholder Agreement or uses your debit card

and/or Personal Identification Number (PIN) with your consent,

or each person who has signed an application for online banking

service or uses online banking with your password.

“We,” “us,” and “our,” mean Global Federal Credit Union, which

receives direct deposits or disburses preauthorized payments on

your behalf, or through whom you applied for your ATM and/or

Visa Debit Card and PIN, and/or your online banking service and

password.

“Account” means each and all of your share or loan accounts with us.

“Agreement” means the terms and conditions of the Master

Account Agreement between you and Global.

“ATM” means Automated Teller Machine.

“ATM Card” means your debit card which, when used with your

PIN, allows you to perform ATM or POS transactions.

“Business Day” means Monday through Friday, not including

Federal holidays.

“Card” means ATM Card and/or Visa Debit Card

“Code” means PIN and/or password.

“PIN” means your Personal Identification Number.

“POS” means point-of-sale.

“Online banking” means remote account access by Internet using

any electronic device or touch-tone telephone.

“Visa Debit Card” means your debit card bearing the Visa logo,

which performs both as an ATM card and allows you to perform

signature-based Visa POS or cash advance transactions without

your PIN.

17.2 Contact Information.

If you believe your Card and/or

Code has been lost or stolen or if you have questions about an

electronic transfer, please contact us via one of the methods in

section 1.2 “How to Contact Us.”

17.3 Debit Card Services (Point-Of-Sale and Automated

Teller Machine).

Your ATM or Visa Debit Card must be signed

immediately upon receipt. The ATM or Visa Debit Card is the

property of Global and must be returned upon request and may

be revoked without notice or cause.

Account Access:

If you have established the respective types

of accounts with us, you may use your ATM or Visa Debit Card

and PIN to:

(1) Withdraw available funds in cash from your savings, checking,

or money market accounts.

(2) Obtain a cash advance from your established credit line loan to

the extent of your available credit limit, subject to the terms and

conditions of the Credit Line Agreement.

GCU 02454-D R 240502a

(3) Make deposits to your savings, checking, or money market

accounts.

(4) Make loan payments (including credit card and mortgage loan

payments), either by enclosing a payment with your transaction

or by transferring the payment from available funds in your

savings, checking, or money market accounts.

(5) Transfer available funds from your savings, checking, or money

market accounts or credit line loan to your savings, checking, or

money market accounts.

(6) Transfer available funds from your checking account to

participating merchants that have agreed to accept your debit

card and PIN for the purpose of purchasing goods and services.

As may be allowed by the merchant, withdraw cash, or receive

cash back in addition to payment of the purchase price.

Note:

All types of activities listed above may not be available at

all terminals. Types of EFT services (e.g., signature-based Visa

POS) may be changed or restricted without notice.

Limitation on Frequency and Dollar Amounts of Transfers:

The limits on the amount of funds you may withdraw or transfer

for goods and services purchased in any 24-hour period will

be disclosed to you separately in a written statement that will

accompany your ATM or Visa Debit Card. That statement is an

integral part of this disclosure statement and should be retained

by you. The limits may be increased without notice but may not

be decreased without appropriate notice. There is no limit on the

number of permissible transactions.

International Transactions:

If you use your Visa Debit Card

for purchases or cash advances in a currency other than U.S.

dollars, the transaction amount will be converted to U.S. dollars

by Visa International Inc. under their rules set forth from time to

time. Currently, the rules specify that the currency conversion

rate is a rate selected by Visa from the range of rates available in

wholesale currency markets for the applicable central processing

date, which rate may vary from the rate Visa itself receives, or the

government-mandated rate in effect for the applicable central

processing date. If a credit is subsequently given for a transaction

in a currency other than U.S. dollars and the credit have a different

processing date, then the converted amount of the credit may

be greater/less than the converted amount of the original

transaction. The currency conversion rate on the day before the

transaction processing date will be used and may differ from the

rate in effect at the time of the original transaction. By using your

Visa Debit Card, you agree to accept the converted amount in U.S.

dollars. Visa charges up to a 1% International Transaction Fee on all

Card transactions made at a location outside of the United States.

International transactions include internet transactions initiated in

the United States with a merchant who processes the transaction

outside of the United States. This fee is assessed by Visa on all

international purchases, credit vouchers, and cash disbursements,

whether or not a currency conversion is involved, and will appear

on your statement as a separate transaction in U.S. dollars.

Posting Your Transactions:

The time required to charge or

credit your account after you use your ATM or Visa Debit Card

may depend upon the location of the ATM or POS terminal that

you used, whether the terminal is an Global terminal, and the type

of transaction.

However, Visa signature-based POS purchases and cash advance

transactions may take one or more days to post to your account,

whereas transactions requiring a PIN are generally posted to the

account you designate on the day you use your ATM or Visa Debit

Card, assuming that deposited negotiable items are properly

drawn and endorsed.

You may not place a stop payment order on ATM and POS

transactions. All deposits are accepted subject to final collection.

Certain deposits may be placed on hold based upon the amount

deposited and the nature of the account relationship. If a hold is

placed, we will inform you of the amount, reason, and length of

time that the deposit will not be available for withdrawal.

Note:

If you request us to close or terminate your account or

card, you will remain liable for any EFT transactions you or an

authorized user made but which have not yet been posted to your

account, and for any subsequent EFT transactions performed by

you or an authorized user.

17.4. Online Banking Services.

Account Access:

If you have subscribed to online banking, you

may use your password to:

(1) Withdraw available funds by credit union check from your

savings, checking, or money market accounts.

(2) Make loan payments (including credit card and mortgage loan

payments) by transferring the payment from available funds in

your savings, checking, or money market accounts.

(3) Make payments to third parties enrolling in and using Bill Pay

service.

(4) Transfer available funds from your savings, checking, or money

market accounts or credit line loan to your savings, checking, or

money market accounts. Credit line transfers are subject to the

terms and conditions of the Credit Line Agreement.

Posting Your Transactions:

Your transactions will generally be

posted on the same day that you transact them, providing that the

funds are available in the designated account.

Note:

If you request us to terminate Online Banking Services, you

will remain liable for any EFT transactions you or an authorized

user made but which have not yet been posted to your account,

and for any subsequent EFT transactions performed by you or an

authorized user.

GCU 02454-D R 240502a

17.5. Electronic Check Transactions.

You may authorize a

third party to complete an electronic check transaction against

your checking account. This may occur by you providing a blank,

partially completed, or fully completed check, or by providing the

necessary information (account number and routing number, etc.)

concerning your checking account and may include computerized

bill payment services unless the service or payment to a particular

payee is expressly limited to payment by paper instrument. In

an electronic check transaction, the paper check will not be

presented to us for payment and the instrument may be retained

by you, by a merchant, or by another party.

17.6. Fees.

Global charges a monthly fee if you make any ACH

originations during a month. You will be charged additional

fees per ACH origination if you exceed allowed monthly ACH

originations. You will be charged a monthly fee for use of Business

Bill Pay. You will be charged a monthly fee for use of the Business

Remote Deposit service. Please refer to the Schedule of Service

Fees - Business for the current fees.

When you use an ATM not owned by Global, you may be charged a

fee by the ATM operator and/or network, and you may be charged

a fee for a balance inquiry even if you do not complete a funds

transfer. Third party fees may apply to additional services you use

through online banking, such as Bill Pay.

17.7. Confidentiality and Disclosure of Account

Information to Third Parties.

We will disclose information to

third parties about your account or the transfers you make:

(1) Where it is necessary for completing transfers; or

(2) In order to verify the existence and condition of your account

for a third party, such as a credit bureau or merchant; or

(3) In order to comply with government agency or court orders; or

(4) If you give us your written permission.

17.8. Questions About Your Electronic Transfers and

Errors, Loss, Theft, or Unauthorized Use of Card or

Account.

Notify us immediately at one of the telephone numbers

provided above in the “Contact Us” section if you believe your

Card or Code has been lost, stolen, or compromised, or if you

believe that an electronic funds transfer has been made without

your permission. You could lose all of the money in your account

(plus your maximum overdraft line of credit) if you do not notify

us promptly. Telephoning us immediately is the best way to

minimize your losses.

If you believe that an unauthorized ACH transaction has occurred,

you must notify us by 3 p.m. Alaska time the day after its posting

to your account in order to avoid liability. We may require you to

submit an affidavit of unauthorized activity in connection with

any such transaction immediately following your notice. Failure

to notify us by 3 p.m. of the day following the transaction may

prevent you from recovering any of the disputed amount.

Liability for Unauthorized Use of Your Visa Debit Card:

Telephone us immediately if you learn of the unauthorized

use of your Visa Debit Card. Under Visa’s Zero Liability policy,

if a transaction was made with your Visa Debit Card or card

number without your permission, you will have no liability for

the transaction, unless you were fraudulent or negligent in the

handling of your account or card. ATM transactions, commercial

card transactions, and non-branded Visa PIN transactions are NOT

covered by the Zero Liability policy. If you do not notify us within

60 days after the unauthorized transaction first appears on your

periodic statement, you may be unable to recover any of the lost

funds.

Visa-branded cards may not be used for any illegal transaction.

Display of a Visa logo by an online merchant does not mean that

transactions are lawful in all jurisdictions in which cardholders

may be located.

17.9. Notices and Periodic Statements.

ATM or POS Terminal

Transfers: You can get a receipt at the time you perform a

transaction or make any transfer to or from your account using an

ATM or POS terminal.

Periodic Statements: You will receive a monthly account statement

(unless there are no transfers in a particular month; in any case,

you will get the statement at least quarterly) which will show

all electronic transfers that occurred, including direct deposit,

preauthorized payments, or online banking transactions involving

the use of your password and/or any transactions involving the

use of your ATM or Visa Debit Card and PIN.

17.10. Preauthorized ACH Transfers.

Preauthorized

Payments: Your account may be overdrawn for any preauthorized

payments which exceed funds available in the account.

Notice of Varying Amounts: If these payments will vary in amount,

the party being paid will advise you at least 10 days prior to each

transfer of the amount and date of the next payment. You may

choose instead to receive this notice only when the payment

would differ by more than a certain amount from the previous

payment or when the amount would fall outside certain limits that

you set.

Your Right to Stop Payment and Procedure for Doing So: If you

have informed us in advance to make regular payments from your

checking account (such as insurance payments), you can stop

any of these payments. Stop payment orders for preauthorized

transactions must be directed toward the third party from whom

you ordered the service or product. Call us at one of the telephone

numbers provided in section 1.2 “How to Contact Us” or write us

at the address provided in that section in time for us to receive

your stop payment order three business days or more before the

payment is scheduled to be made. Global may require verification

of revocation within 14 business days of the stop payment order.

If you contact us by telephone, we will require you to forward a

GCU 02454-D R 240502a

written order within 14 days after you call. We will charge our

standard stop payment fee for each stop payment order.

17.11. Credit Union’s Liability.

Failure to Stop Payment of Preauthorized Transfer:

you order us to stop payment on one of these payments three

business days or more before the payment is scheduled and we

do not do so, we will be liable for your losses or damages.

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 actual damages

proved. 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 or the transfer would exceed

your available credit line.

(2) If circumstances beyond our control (such as fire or flood)

prevent the transfer, despite reasonable precautions that we have

taken.

(3) If the ATM where you are making the transfer did not have

enough cash or if the ATM or POS terminal was not working

properly, and you knew about the breakdown when you started

the transfer.

(4) If the electronic device you used to access your account(s) was

not working properly.

(5) There may be other exceptions stated in our Agreement with

you.

17.12 ATM Safety.

For your safety, please follow these

precautions while using any ATM:

1. Be aware of your surroundings. Avoid poorly maintained or

poorly lighted locations. If you see anyone or anything suspicious,

leave the area immediately.

2. Be aware of your surroundings when using an ATM or night

deposit facility after dark.

3. Be prepared. Have your card ready before approaching the

ATM.

4. Shield the ATM keyboard with your body so that others cannot

observe you entering your PIN.

5. Cancel the transaction and put away your card if a suspicious

situation develops.

6. Put away your money and receipt right after the transaction is

complete. Count the cash later.

7. If you are followed after leaving an ATM, go to a heavily

populated, well-lighted area and call the police.

8. At drive-up ATMs, while waiting in line, keep the engine running,

the doors locked, and the windows up and leave enough room

between cars to allow for a quick exit, if necessary.

GCU 02454-D R 240502a

* Charged if one or more ACH transactions are originated during the calendar month.

Schedule of Service Fees – Business

Account maintenance:

The following fees will not be assessed if the indicated minimum balance or

other account conditions are met.

» Business Checking:

If daily balance falls below $1,000.00 during the

calendar month ........................................................................... $5.00 per month

– Minimum daily balance fee is waived for nonprofit organizations and

associations.

Activity:

The following fees will be assessed if the indicated levels of transaction

activity are met.

» Business Account: Per item fee for total checks deposited to any share

account and/or paid from a Business Checking:

– First 100 checks per calendar month .............................................................. NC

– 101 to 500 per calendar month ...............................$ 0.10 per item over 100

– Over 500 per calendar month .............................. $ 0.08 per item over 500

Cashier services:

Fees charged by Global – other financial institutions may assess

additional fees for collection items.

» Bank wire:

Domestic ............................................................................................ $20.00 per wire

Foreign ............................................................................................... $50.00 per wire

» Cash services for disbursed coin:

– First $200.00 per calendar month ................................................................... NC

– Over $200.00 per calendar month ............................................ $0.08 per roll

» Cash services for currency: ATM withdrawals exempt.

– First $10,000.00 per calendar month ............................................................. NC

– Over $10,000.00 per calendar month:

Disbursed .............................................................................. $1.00 per $1,000.00

Received ................................................................................$0.10 per $1,000.00

» Cashier’s check: ................................................................................$2.00 per item

» Check delivery:

Interbranch ...........................................................................................$5.00 per item

Other locations ................................................................................. $15.00 per item

» Collection item:

Incoming check ..................................................................................$5.00 per item

Outgoing/Domestic .......................................................................... $5.00 per item

Outgoing/Foreign ........................................................................... $15.00 per item

» Deposit correction: ..........................................................................$2.00 per item

» Cash advance using non-Global card: .............................. $5.00 per advance

Checking account services:

» Overdraft protection transfer:

From a Savings or Money Market Share or

Credit Line Loan .........$5.00 per day that total transfers exceed $25.00

» Negative balance transfer:

Credit Union initiated transfer to resolve a negative

share balance ............................................................................ $5.00 per transfer

» Stop payment: ........................................................................................................... NC

Other:

» Loose coin exchanged at coin machine: Fee assessed on total amount

processed

Non-Members .............................................................................................................8%

» VISA

Debit/ATM Card International Transaction Fee: Also includes

internet transactions initiated in the United States with a merchant who

processes the transaction outside of the United States .............................. 1%

» Levy/garnishment: Includes Assessment or Notice to

Withhold and Deliver ................................................................... $100.00 per item

» Mail:

Express ................................................................................................ $15.00 per item

Priority ................................................................................................... $5.00 per item

» Membership: Assessed when accepted as a member

of Global........................................................................................$5.00 per member

» Photocopy: Copy unrelated to credit union business ........... $0.25 per item

» Check printing .................................................................................................... Varied

Research services:

» Check copies: ..................................................................................... $3.00 per item

» Document or statement copies: Examples include producing a copy of a

prior statement of account; printing an interim statement of account;

or producing other document copies, such as a

deposited item ....................................................................................$3.00 per item

» Research:

Requests completed in under one hour ........................................................... NC

Requests that require one hour or more ................................ $15.00 per hour

» Research - priority handling: For requests that require

priority fulfillment ........................................................................... $15.00 per hour

Special handling:

» Overdraft Services for debit cards: Negative Balance Fee charged per

day if qualifying transaction occurs and end of day negative balance is

equal to or greater than $5.00

$0.00 - $4.99 ............no charge $20.00 - $24.99 ..................... $20.00

$5.00 - $9.99 .................... $5.00 $25.00 - $29.99 ......................$25.00

$10.00 - $14.99 ............... $10.00 $30.00 + ................................... $30.00

$15.00 - $19.99 ............... $15.00

» Returned deposited item:

Issued by other party ......................................................$5.00 per presentment

» Returned deposited item:

Issued by member ...........................................................$15.00 per presentment

Online account access:

» Online Account Access for business ................................................................. NC

» ACH Service Access (per month)* .............................................................$25.00

» ACH return ............................................................................................................. $5.00

» ACH originations:

– First 100 per calendar month ............................................................................. NC

– 101 or greater per calendar month.............................. $0.05 per transaction

» Online domestic bank wire ......................................................... $10.00 per wire

» Business Remote Deposit..............................................................................$35.00

Bill Pay for business:

» Unlimited Payments per month ..................................................................... $5.95

» Bill Pay/Send money: Unlimited bills paid per calendar month .............. NC

» Bill Pay expedited payment services: Overnight Check ....................$22.50

» Bill Pay/Send money collection - Late Charge: Interest on amounts not

reimbursed to the service provider within 15 days ................... 1.5% monthly

Positive Pay:

» Positive Pay service fee ...........................................................$75.00 per month

» Positive Pay item fee ........................................................................ $0.13 per item

» Positive Pay exception item fee ...................................................$1.00 per item

» Positive Pay return item fee ...................................................... $20.00 per item

GCU 02454-D R 240502a

GCU 0254 R 231031a

Type Account ID

Range

Frequency of

dividend payment

(the Dividend Period)

Minimum balance

to open an account

Savings

10–19

Money Market

20–29

Business Checking Account 70

Terms of 1-11 months

80-99

(30-364 days)

Terms of 12-60 months

80-99

(365-1827 days)

Quarterly

Monthly

At Maturity

Monthly

None

Monthly $1,000

None

$500, $10,000, $100,000, or $250,000

$50

None

Transaction limitations to comply

with federal regulations

Yes

NoNone

None

Statement Frequency

Eligibility as Loan Collateral

Account

Dividends

Balance Requirements

Transaction Limitations on Account

Money Market

Savings

Checking

Certiﬁcates

Minimum daily balance to avoid Maintenance Fee

Not applicable

A penalty may be assessed on amounts

withdrawn before the maturity date.

$1,000

Mimimum daily balance waived for

nonproﬁt organization

Monthly

Quarterly

(Monthly if a checking or money

market account, an active credit

line, or an applicable electronic

funds transfer is associated with

the account type)

Yes

(For a period not to exceed

the maturity date on monthly

payment loans)

Funds on deposit may be

pledged as collateral on a loan

from Global

Quarterly

(Monthly if a checking or money

market account, an active credit

line, or an applicable electronic

funds transfer is associated with

the account type)

Statements for all account types

with the same account number

are mailed together

Frequency that changes may be

made to the Dividend Rate and

Annual Percentage Yield

(APY)

May vary daily as determined by

the Board of Directors

(variable rate account)

May vary daily as determined by

the Board of Directors

(variable tiered rate account)

May vary daily as determined by

the Board of Directors

(variable tiered rate account)

At Maturity

(ﬁxed rate account)

Minimum daily balance to

obtain the stated Annual

Percentage Yield

(APY)

Tier 1: $5,000 to $9,999

Tier 2: $10,000 to $24,999

Tier 3: $25,000 to $49,999

Tier 4: $50,000 to $99,999

Tier 5: $100,000 to $249,000

Tier 6: $250,000 or greater

COMPARATIVE SUMMARY OF SHARE ACCOUNTS – BUSINESS