Regulations Updates and Disclosures

Regulation CC Changes

Effective 2/27/10, due to changes in Federal Reserve check processing regions, our hold policy has changed. In most cases, funds from checks deposited will be available by the next business day. However, we may delay availability up to seven business days in cases such as if you deposit more than $5,000, or we feel a deposited item might not be paid, or if you have repeatedly overdrawn your account in the last six months, or you redeposit an item previously returned unpaid, or in a case of an emergency situation.

NOTICE OF CHANGES IN TEMPORARY

FDIC INSURANCE COVERAGE FOR

TRANSACTION ACCOUNTS

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, from December 31, 2010 through December 31, 2012 all funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation. This unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account n which the insured depository institution pays no interest. It does not include any transaction account that may earn interest, such as a negotiable order of withdrawal (“NOW”) accounts, money-market deposit accounts, or Interest on Lawyers Trust Accounts (“IOLTA’s), even if checks may be drawn on the account.

The temporary full insurance coverage of “noninterest-bearing transaction account” expires on December 31, 2012. After December 31, 2012 funds in noninterest-bearing transaction accounts will be covered under the FDIC general deposit insurance rule, subject to the standard maximum deposit insurance amount of $250,000.

For more information about this rule or about

FDIC insurance coverage of transaction accounts

visit www.fdic.gov

FAIR AND ACCURATE CREDIT TRANSACTIONS ACT

In response to customers who wish to dispute the accuracy of information that Mid-Central Federal Savings Bank has furnished to a Credit Reporting Agency (“CRA”) concerning a mortgage loan, consumer loan or line of credit account with us, we request that you fill out a Direct Dispute form. We will then investigate any disputes that you as a customer has with our reporting to the credit bureaus. Please click on the link below to complete and print the form to return to us. Direct Dispute Form

Copyright Notice and Disclosures

Use of Information

Any person is hereby authorized to view the information available from this web site for informational purposes only. No part of the information on this site can be redistributed, copied, or reproduced without prior written consent of Mid-Central Federal Savings Bank.

Copyright Information

All information in this site is protected by a compilation copyright in the United States of America based on U.S. Copyright Law (17 U.S.C. sec.101 et seq) and International Copyright Laws and may not be reproduced in whole or in part. Unless otherwise specified, no one has permission to copy or republish, in any form, any information found on this site.

Trademark Information

BankSITE® is a registered trademark of The Forms Group.

Disclaimer of Warranties

The information contained or accessed, and references to corporations, including their services and products, are provided “as is” without warranty of any kind, either express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, non-infringement, or error-free or uninterrupted service.

Descriptions of, or references to, products, services or publications within Mid-Central Federal Savings Bank’s web site does not imply endorsement of that product, service or publication. Mid-Central Federal Savings Bank makes no warranty of any kind with respect to the subject matter included herein, the products listed herein, or the completeness or accuracy of the information. Mid-Central Federal Savings Bank specifically disclaims all warranties, express, implied or otherwise, including without limitation, all warranties of merchantability and fitness for a particular purpose.

This publication could include technical inaccuracies or typographical errors. Changes may be periodically made to the information herein.

Disclosures

Facts, data, & other information presented on Mid-Central Federal Savings Bank website pages are provided directly by Mid-Central Federal Savings Bank.

Mid-Central Federal Savings Bank, our employees, officers, directors and shareholders, as well as BankSITE®, are not responsible for typographical errors or errors of omission; and, we cannot guarantee that all information is accurate or complete.

Deposit information presented on the website of Mid-Central Federal Savings Bank is in accordance with the Federal Reserves Truth in Savings Act (12CFR230). Interest rates displayed for deposit products are based on Annual Percentage Yield (APY) and may fluctuate at any time.

Loan information presented on the website of Mid-Central Federal Savings Bank is in accordance with the Federal Reserve Truth in Lending Act (12CFR226). Interest rates displayed for loan products are based on an Annual Percentage Rate (APR) and may fluctuate at any time.

Home Equity Loan Rate Disclosures:
Fixed Rate Home Equity Loan – Rates and terms subject to change. Normal underwriting guidelines apply. Standard fees at borrower’s expense.

Home Equity Line of Credit – Monthly Payments and Interest Only – The fully indexed Annual Percentage Rate (APR) is Prime + %. [“Prime” means the prime rate as published in The Wall Street Journal. The current rate is shown in the table. The rate may increase or decrease and cannot exceed 18%. Appraisal or title insurance, if required, at borrower’s expense. Property insurance is required. Flood insurance may be required. Property must be owner-occupied. Normal underwriting guidelines apply. Non-owner occupied loans are available at 1% higher with maximum of 90% LTV.

Mortgage Loan Rate Disclosures:
15-Year and 20-Year Fixed Rate – Rates and terms subject to change. Normal underwriting guidelines apply. Borrower pays all closing costs.

30-Year Fixed Rate – Rates and terms subject to change. Normal underwriting guidelines apply. Borrower pays all closing costs.

Construction Loan – Rates and terms subject to change. Normal underwriting guidelines apply. Borrower pays all closing costs. Your interest rate cannot change, increase or decrease more than two percentage points at each adjustment.

Adjustable Rate Mortgage – Rates and terms subject to change. Normal underwriting guidelines apply. Borrower pays all closing costs. Your interest rate cannot change, increase or decrease more than two percentage points at each adjustment.

Please refer to our Equal housing lender disclosure

Please also refer to our FDIC Lobby Notice