Cumorah Credit Union Home Page

Savings Products

Checking Products

Loan Products

VISA Products

Current Rates

Calendar

Addresses & Locations

Contact Information

Site Map

Calculators

FAQ

Help

dividends

Truth-In-Savings Act (TISA)
The Truth-In-Savings Act (TISA) is a federal banking regulation adopted by the NCUA. TISA is designed to assist consumers in comparing the accounts offered by all depository institutions. TISA primarily regulates the disclosure of information about fees, dividend rates, annual percentage yields, and other account terms. Additionally, TISA limits the methods by which credit unions can determine the account balance on which dividends are paid.

Annual Percentage Yield (APY)
Annual Percentage Yield is the rate of return on an investment when the compounded interest is added back to the original amount invested. The APY is a percentage rate reflecting the total amount of dividends paid on an account, based on the dividend rate and frequency of compounding for a 365-day period. The APY is a projection made based on certain assumptions at the time of disclosure. The APY and the APYE (see below) do not normally match.

Annual Percentage Yield Earned (APYE)
The APYE is the actual percentage rate of dividends paid to a specific share account up to the most recently completed dividend period.

For a listing of our current rates go to our Rates Page or click here .