FEES & CHARGES & TRANSACTION LIMITS

Date of Preparation: 2^nd December 2003

This document must be read together with the South West Slopes Credit Union Account & Access Facility document and the Summary of Accounts & Availabilty of Access Facility document. Together these booklets form the Product Disclosure Statement for the South West Slopes Credit Union Account & Access Facility.

Our aim at South West Slopes Credit Union is to provide our valued members with a superior financial service incorporating the highest of ethics enhanced with a friendly and helpful attitude because we are local and we care.

Whilst keeping the above Mission Statement in mind it has become necessary to impose a number of fees and charges on accounts to ensure the expenses associated with these products and services are distributed equitably amongst both our borrowing and investing Members.

Listed below is a list of current Fees and Charges:

Transaction Charges (per calendar month - per membership)

• Redicard Transactions - a combination of any 12 withdrawals at either EFTPOS or
  ATM's that are not owned by the Credit Union (Unlimited use of our machines) are free then a charge of $1.00 per additional transaction applies.

• Cash, Cheque and Direct Debit Withdrawals - any combination of 18 cash withdrawals, member cheque withdrawals, counter cheque withdrawals or direct debits are free then a charge of $0.70 per additional transaction applies. Cheque withdrawals include budget cheque withdrawals etc.

• Replacement Cards - A charge of $5.00 per replacement card applies for lost, damaged or stolen cards. There is no charge for the renewal of expired cards.

• Member Cheque Books - A charge of $3.00 per 25 leaf cheque book. A charge of $12.00 per 100 leaf cheque book.

• Member Cheque Dishonour fee - Where a member cheque is dishonoured due to lack of funds being held in the nominated account a fee of $40 applies. $38.50 of this fee is payable to the National Australia Bank.

• Member Deposit Dishonour - Where a cheque deposited to a members account is dishonoured, a fee of $15.00 applies. $9.00 of this fee is payable to the National Australia Bank.

• Direct Debits Rejection Fee - A fee of $15.00 is applied where an authority to directly debit an account is rejected due to lack of funds in the nominated account. $11.00 of this fee is payable to the Credit Union Association.

• Overdrawn Accounts Fee - A fee of $10.00 is applied each time a member's account is overdrawn without arrangements as a result of a cheque, direct debit, or card withdrawal.

• Dormant Account Fee - A $10.00 annual fee applies to accounts on which there has been no member generated activity for at least 2 years, and where the member has not responded to advice from the Credit Union.

• Copy Member Statement Fee - A $3.00 fee will be charged per additional statement requested

• Copy Member Cheque Fee - A $10.00 fee will be charged per cheque copy requested

• EFT Dispute Fee - A $5.00 fee will be charged at our discretion for unsubstantiated or groundless disputes lodged.

Any Fees and Charges charged to the Credit Union by other Financial Institutions for products and services obtained on behalf of the members and Government charges will be passed on to the members.

The above Schedule of Fees and Charges is current as at the date specified, and these Fees and Charges are subject to change at the discretion of the Credit Union.