Last Updated:

January 25, 2025

TRUTH-IN-SAVINGS DISCLOSURE

The Truth-in-Savings Act (TIS) is a section of the Federal Deposit Insurance Corporation Improvement Act of 1991. The National Credit Union Administration is charged with enforcing this Act, which applies to all credit unions.

The purpose of TIS is to promote and simplify comparisons among accounts at all financial institutions. TIS enables consumers to make informed
choices/comparisons among competing claims of financial institutions by requiring disclosure of the dividend rates payable on these accounts and the
fees assessable against these accounts.

It is the intent of St. Paul Federal Credit Union to maintain compliance with this federal law pertaining to disclosure of the terms and conditions of all
savings programs. The following disclosure information illustrates the various savings alternatives available to members of St. Paul Federal Credit
Union.

The Fee Schedule sets forth certain conditions, rates, fees, and charges applicable to your accounts at St. Paul Federal Credit Union as of August 19, 2016. The Fee Schedule is incorporated as part of this disclosure. If you have any questions regarding any of the accounts offered at St. Paul Federal
Credit Union, please call a member service representative.

CAPITAL SAVINGS ACCOUNT

Rate Information:
The dividend rate and annual percentage yield may change every dividend period, as determined by the credit union board of directors.

Compounding and Crediting:
Dividends will be compounded monthly and will be credited to your account each calendar month.

Dividend Period:
For this account type, the dividend period is monthly, for example the beginning date of the first dividend period of the calendar year is January 1
through January 31. All other dividend periods follow this same pattern of dates. The dividend rates and annual percentage yields are the rates and yield
as of the last dividend declaration date, which for this example is January 31.

Daily Balance Computation Method:
Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day.

Minimum Opening Deposit:
The minimum opening deposit is $5.00.

Minimum Balance Requirements
A minimum daily balance of $50.00 is required to receive the stated dividend. The minimum balance required to maintain this account is $5.00 or your
account may be subject to closure by the Credit Union. If the account is closed before dividends are credited to your account, you will not receive a
dividend for that dividend period.

Transaction Limitations:
During any cycle you may not make more than six (6) withdrawals or transfers to another credit union account of yours or to a third party by means of a
preauthorized, automatic, Debit Card transfer, internet online computer transfer, telephonic order or instruction, fax, or similar order to a third party. If you
exceed the transfer limitations herein, your account may be assessed additional fees and/or will be subject to closure. A preauthorized transfer includes
any arrangement with us to pay a third party from your account upon oral or written orders including orders received through the automated clearing
house (ACH).

YOUTH SAVINGS ACCOUNT – Must be under age 18 to qualify

Rate Information:
The dividend rate and annual percentage yield may change every dividend period, as determined by the credit union board of directors.

Compounding and Crediting:
Dividends will be compounded monthly and will be credited to your account each calendar month.

Daily Balance Computation Method:
Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day.

Minimum Opening Deposit:
The minimum opening deposit is $5.00. If you close this account before dividends are credited to your account, you will not receive a dividend for that
dividend period.

Minimum Balance Requirements
There is no minimum daily balance required to maintain this account and receive the minimum disclosed dividend rate. If you close this account before
dividends are credited to your account, you will not receive a dividend for that dividend period.

Transaction Limitations:
No transaction limitations apply to this account unless otherwise stated in the Common Features section of this disclosure, the Electronic Funds
Disclosure or Account Terms and Conditions Disclosures provided to you.

HOLIDAY CLUB ACCOUNT

Rate Information:
The dividend rate and annual percentage yield may change every dividend period, as determined by the credit union board of directors.

Compounding and Crediting:
Dividends will be compounded monthly and will be credited to your account each calendar month.

Daily Balance Computation Method:
Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day.

Minimum Opening Deposit:
The minimum opening deposit is $5.00.

Fees: You may be charged a withdrawal fee of $10.00 for each withdrawal or transfer from the account.

Transaction Limitations:
The entire balance will be paid to you or transferred into another account of yours on or after November 1st of each year and the account will remain
open. No other transaction limitations apply to this account unless otherwise stated in the Common Features section of this disclosure, the Electronic
Funds Disclosure or Account Terms and Conditions Disclosures provided to you.

CAPITAL MONEY MARKET AND CAPITAL INVESTMENT ACCOUNTS

Tiered Rate Dividend Information:
The tiered dividend rate and annual percentage yield may change every dividend period, as determined by the credit union board of directors. See our
Truth-in-Savings Rate Sheet supplied with this disclosure and made a part hereof for applicable rates. The tiered rate that will apply to this account is
determined by the amount of the account balance. Once an account balance reaches the rate specified for each tier, the dividend and annual
percentage yield for that balance will be applied to the entire balance in the account.

Compounding and Crediting:
Dividends will be compounded monthly and will be credited to your account each calendar month.

Daily Balance Computation Method:
Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day.

Minimum Opening Deposit:
The minimum opening deposit is $2,500.00.

Minimum Balance Requirements:
A minimum daily balance of $2,500.00 is required to receive a dividend. If the minimum daily balance falls below $2,500.00 on any day during the
monthly cycle, no dividends will accrue for that period. If you close this account before dividends are credited to your account, you will not receive a
dividend for that dividend period.

Transaction Limitations:
The minimum withdrawal from this account is $100.00 per withdrawal. During any cycle you may not make more than six (6) withdrawals or transfers to
another credit union account of yours or to a third party by means of a preauthorized, automatic, Debit Card transfer, internet online computer transfer,
telephonic order or instruction, fax, or similar order to a third party. If you exceed the transfer limitations herein, your account may be assessed additional
fees of $10.00 per advance. A preauthorized transfer includes any arrangement with us to pay a third party from your account upon oral or written orders
including orders received through the automated clearing house (ACH). No other transaction limitations apply to this account unless otherwise stated in
the Common Features section of this disclosure, the Electronic Funds Disclosure or Account Terms and Conditions Disclosures provided to you.

CAPITAL INVESTMENT CHECKING ACCOUNT

Rate Information:
The dividend rate and annual percentage yield may change every dividend period, as determined by the credit union board of directors.

Compounding and Crediting:
Dividends will be compounded monthly and will be credited to your account each calendar month.

Daily Balance Computation Method:
Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day.

Minimum Opening Deposit:
The minimum opening deposit is $2,500.00.

Minimum Balance Requirements:
A minimum daily balance of $1,500.00 is required to receive a dividend. If the minimum daily balance falls below $1,500.00 on any day during the
monthly cycle, you will not earn dividends and will be charged a one time per cycle maintenance fee of $7.50 for each monthly cycle where the minimum
daily balance was below the minimum daily balance of $1,500.00. If you close this account before dividends are credited to your account, you will not
receive a dividend for that dividend period.

Service Fee: A minimum daily balance of $1,500.00 is required to avoid a monthly service fee. If the minimum daily balance is not maintained each day
in the dividend period, a monthly service fee of $7.50 will be charged according to our fee schedule.

Transaction Limitations:
No other transaction limitations apply to this account unless otherwise stated in the Common Features section of this disclosure, the Electronic Funds
Disclosure or Account Terms and Conditions Disclosures provided to you.

IRA ACCOUNTS

Compounding and Crediting:
Dividends will be compounded monthly and will be credited to your account each calendar month.

Daily Balance Computation Method:
Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day.

Minimum Opening Deposit:
The minimum opening deposit is $100.00.

Minimum Balance Requirements:
A minimum daily balance of $2,500.00 is required to receive the stated dividend. If you close this account before dividends are credited to your account,
you will not receive the stated for that dividend period.

Withdrawal Fees: A withdrawal fee of $25.00 will be assessed for each withdrawal prior to age 59½ (including rollover or direct transfer).

WINcentive™ Savings Account (WSA)

Rate Information:
The dividend rate and annual percentage yield may change every dividend period, as determined by the credit union board of directors.

Dividend Period:
For this account type, the dividend period is monthly, for example the beginning date of the first dividend period of the calendar year is January 1
through January 31. All other divided periods follow this same pattern of dates. The dividend rates and annual percentage yields are the rates and yield
as of the last dividend declaration date, which for this example is January 31.

Daily Balance Computation Method:
Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day.

Minimum Opening Deposit:
The minimum opening deposit is $5.00.

Minimum Balance Requirements:
A minimum balance of $1.00 is required to receive the stated dividend. The minimum balance required to maintain this account is $1.00 or your account
may be subject to closure by the Credit Union. If the account is closed before dividends are credited to your account, you will not receive a dividend for
that dividend period.

Early withdrawal & associated penalties:
During the initial twelve (12) month savings period, and during each twelve (12) month savings period thereafter, account holder will be permitted a
maximum of two (2) withdrawals in order to maintain participation in a WSA account. An account holder must pay the following penalties for withdrawal:
first withdrawal will assess $10 penalty, and a second withdrawal will assess a $25 penalty. If a 3rd withdrawal is performed within any twelve (12) month
savings period, the account will be closed without penalty, and the account holder is prohibited from opening another WSA for a period of 90 days. An
account holder, at his/her/their option, may also close the account at any time, without penalty. Closing the account will result in the forfeiture of prize
entries as otherwise enumerated in the terms and conditions set out in the Member Participation Agreement.

Exceptions:
At our option, we may pay the account at any time without imposing an early withdrawal penalty when an account holder dies, transfers residency
outside the state of Minnesota, is determined legally incompetent by a court, is no longer considered a member in good standing, or otherwise is found
by credit union to be in violation of the Member Participation Agreement or credit union’s Membership and Account Agreement.

Transaction limitations:
Additional periodic deposits are permitted at any time while the WSA continues to be offered by credit union. For every $25 increase in month-over-month balance, the account holder will earn one entry (up to: 4 entries per month/12 entries per quarter/48 entries per 12 month period) to be entered
into any eligible state-wide prize drawing. Account holder is limited to a total of two (2) withdrawals with associated penalties as otherwise set out in this
disclosure, and if a 3rd withdrawal is performed within any twelve (12) month savings period, the account will be closed without penalty.

St. Paul Federal Credit Union Member-Only Drawing:
for the St. Paul Federal Credit Union member-only drawing, for every $25 increase in month-over-month balance, the account holder will additionally
earn one entry (up to: 4 entries per month/12 entries per quarter/48 entries per 12 month period) into the member -only drawing.

End of Savings Period:
This account type will automatically renew at the end of the initial twelve (12) month savings period, with the stated dividend rate and corresponding APY continuing after that time, unless you are otherwise notified of a rate change as required by law. At the end of the twelve (12) month savings period,
account holder has thirty (30) days within which to do the following, penalty-free: roll over some or all of the funds into a certificate of deposit or other
savings product offered by the credit union or otherwise withdrawal some or all of the saved funds. Any roll-over balance that remains in the account for
a subsequent twelve (12) month savings period will be treated as a new deposit for eligibility into subsequent applicable prize pools.

Subsequent disclosures:
This disclosure may be updated from time to time, and if it is updated, account holder will receive a notice of updated disclosure as well as the effective
date of the updates as required by law.

Account closure:
If account holder withdrawals all funds from the account prior to the date that dividend is credited (or dividends are issued), or if account is otherwise
closed due to one of the exceptions noted within this disclosure, the account holder agrees to forfeit all accrued but uncredited dividend (or dividends).
Account holder may withdraw all funds, and close the account, at any time, without penalty.

COMMON FEATURES

All accounts offered by St. Paul Federal Credit Union share these common features. These features are:

Membership:
You must open a share savings account and maintain the minimum balance of $5.00. We reserve the right to suspend services to a member who is not
in good standing, which include, but are not limited to, members who: (i) are delinquent on any loan with this Credit Union; (ii ) have a Regular Savings
balance of less than the minimum balance (See Fee Schedule); (iii) have caused any financial loss to this Credit Union; (iv) have any unresolved Non-
Sufficient Fund Checks outstanding, whether in regard to a deposit or otherwise; (v) have not paid the Credit Union any fees or costs owing to it; or (vi)
have a negative balance in any account.

Nature of Dividends:
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period.

Accrual of Dividends on Non-cash Deposits:
Dividends will begin to accrue on the business day you deposit non-cash (e.g. checks) to your account.

Federal Deposit Insurance:
The National Credit Union Share Insurance Fund federally insures member accounts up to $250,000.00.

Transaction Withdrawal Notice:
We reserve the right to require not less than seven days written notice, nor more than 60 days written notice before each withdrawal from a dividend
bearing account or from any savings account as defined by Federal Reserve Regulation D.

Balance Computation Method:
Dividends are calculated by the daily balance method that applies a daily periodic rate to the entire principal balance in the account for each day in the
statement period. Dividends are earned on the principal balance for each day that the account balance exceeds the minimum necessary to maintain this
account.

Share Supplemental Account(s):
For Share Supplemental Accounts, no account limitations apply.

HELOC Checking Account(s):
HELOC Checking Accounts are for the convenience of accessing Home Equity Lines of Credit and there is no balance maintained in a HELOC Checking
Account and no dividend paid.