June 1, 1998

In the following Disclosures, the words "you", "your" and "yours" mean each and all of those (whether one or more persons) who are subject to the terms of this Disclosure as a result of signing an account signature card, share certificate, or any other documents for each respective account. The words "we", "us", "our" and "Credit Union" mean NBC Employees Federal Credit Union.

These Disclosures are presented for your information and are accurate as of the date shown above. We may change the terms, conditions or requirements of, or amend, this Disclosure from time to time without notice, except as required by the law. You may always obtain more information by calling our Member Services Department at
(800) 487-7283.

Membership is open to all NBC employees, their families and households, and certain other groups associated with NBC and approved by the National Credit Union Administration. To become a member of NBC Employees FCU, you must open and maintain a regular share account.

The minimum required to open this account is the purchase of a share ($5.00). There is a one-time membership fee of $1.00, which must accompany the purchase of at least one share. Please note that being a joint owner does not constitute membership. Family members may join by opening a separate share account. To open an account with the credit union, you must fill out applicable information, provide the required identification, sign all applicable account signature cards, and other necessary documents.

ACCOUNT RATES
The dividend rate on you share account is (see current rates, which are made a part of this disclosure by this reference)%, with an annual percentage yield (APY) of (see rates)%.

The dividend rate on your share certificate account and IRA is as follows (see rates)%, with an annual percentage yield (APY) of (see rates)%.

For purposes of this disclosure, this is a rate and APY that we offered within the most recent seven calendar days and were accurate as of January 1, 1997. Please call (818) 840-3632 to obtain current rate information. The interest rate and the annual percentage yield may change every quarter based on the determination of the Credit Union Board of Directors.

DIVIDENDS
Dividends for Regular Share Account and Share and IRA Certificate Accounts are calculated by the Daily Balance Method which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day you deposit cash or non-cash items (e.g. checks) to your account.

FOR REGULAR SHARE ACCOUNT 7 HOLIDAY CLUB ACCOUNT:
Dividends will be compounded quarterly and will be credited quarterly. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. If you close you account before dividends are paid, you will not receive the accrued dividends.

FOR SHARE AND IRA CERTIFICATE ACCOUNTS:
Dividends are compounded monthly and are paid monthly, quarterly, or at maturity, as specified in the certificate at the original opening date. Dividends are computed on the actual opening date. Dividends are computed on the actual amount in the account. Dividends are set by the Credit Union Board of Directors. Earned dividends may be withdrawn without certificate penalty after close of any dividend period.

WITHDRAWAL FEES
FOR REGULAR SHARE ACCOUNT & HOLIDAY CLUB ACCOUNT:
If you exceed more than 6 withdrawals in a calendar month, the minimum amount you may withdraw is $250. A fee of $2.00 will be charged for each additional withdrawal if the amount is less than $250.00.

CALIFORNIA UNCLAIMED PROPERTY LAW
The State of California may claim funds from any savings account in California if, for a period of more than three (3) years, a member has not (1) made a deposit, withdrawal, or claimed dividends paid, (2) corresponded in writing with the credit union concerning the funds on deposit or (3) otherwise indicated an interest in the funds on deposit, as evidenced by memoranda on file in the credit union.

AVAILABILITY OF FUNDS DEPOSITED
A "Hold for Uncollected Funds" on checks deposited to your share account may occur to protect against returned items. If such a hold occurs, you will be informed of its duration and when the funds will be available for withdrawal. In addition, funds you deposit by check may be delayed under the following circumstances.

• We believe a check you deposit may not be paid.
• your deposit checks total more than $5000.00 on any day.
• You redeposit a check that has been returned unpaid.
• There is an emergency, such as failure of communication or computer equipment.

MINIMUM BALANCE REQUIREMENT
You must maintain a $5.00 balance in your regular share account to retain credit union membership. Membership is for life, as long as the minimum deposit is maintained in the share account. This is true even though a member retires or terminates his or her employment.

You must maintain the following minimum balance to obtain your share certificate or IRA.

TERM	MINIMUM
H 30-60	$1,000.00
A 90-179	$2,500.00
B 180-269	$5,000.00
C 270-365	$7,500.00
G 90-180	$50,000.00
E (IRA)12 months	$1.00
D (IRA)36 months	$1.00

EFFECT OF CLOSING ACCOUNT
Members will forfeit dividends if they close regular share account before accrued dividends are credited.

PENALTIES
FOR SHARE & IRA CERTIFICATE ACCOUNTS
A substantial penalty shall be imposed if certificate funds other than dividends are withdrawn before the maturity date. The penalty imposed shall be as follows:

1.  If the qualifying period is one year or less, the member shall forfeit an amount equal to:

a.  all dividends for 1 month on the amount withdrawn; or

b.  all dividends on the amount withdrawn since the date issuance, or renewal, whichever is less; or

c.  if a withdrawal reduces the balance below the required minimum, there will be a loss of dividends as in a. or b. above, whichever is less.

RENEWAL POLICIES
FOR SHARE & IRA CERTIFICATE ACCOUNTS
Upon maturity of the share certificate account, unless otherwise specified by the owner, the credit union will automatically renew the certificate at the terms and conditions available at the time. The credit union will give the owner(s) at least 15 days notice prior to maturity. Certificate funds will be handled by the credit union in a manner set above, unless the owner(s) notifies the credit union to the contrary prior to maturity. There is a 10 day grace period for all share and IRA certificate accounts.

MEMBERSHIP
FOR SHARE AND IRA CERTIFICATE ACCOUNTS
If the certificate is not renewed at maturity and the owner neither has nor opens another share account, membership in the credit union will terminate. This certificate is not covered by Life Savings Insurance.