If Certificate funds other than dividends are withdrawn prior to maturity, a PENALTY will be assessed. The forfeiture of dividends is equal to the smaller of the following two amounts: dividends since the date of issuance or renewal, OR 180 days' dividends. But if the amount withdrawn reduces the balance below the minimum balance for this type of Certificate it will be cancelled and the same forfeiture terms will apply. Add-on certificates max is $100,000.00.
The Certificates will be automatically renewed at Maturity at the then prevailing interest rate (unless presented for payment by the register owner(s) within 10 calendar days after maturity date).
In Mailing interest checks or giving any notice, Utah Community Credit Union may regard as correct the addresses shown by its records.