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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Highpoint Community Bank

Disclosures

Privacy Policies and Disclosures

Disclosures

Checking and Savings Accounts

Rates are subject to change. Annual Percentage Yield reflects reinvestment of interest. Fees may reduce earnings. Contact any office for additional terms and conditions on our accounts.

FDIC Insurance

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has lost a penny of FDIC-insured funds.

FDIC insurance covers all deposit accounts, including:

  • Checking accounts
  • Savings accounts
  • Money market deposit accounts
  • Certificates of deposit

FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities.

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

For more information about FDIC insurance coverage visit www.fdic.gov

For Consumer Protection information visit the FDIC’s website at www.fdic.gov/consumers/index.html.

Other Consumer Loans

Rates are subject to change without notice. Loans are subject to credit approval. Home Equity Line of Credit rates may vary and are indexed to the Prime Rate as published in the Wall Street Journal. Home Equity Line of Credit maximum annual percentage rate is 25%. $75 annual fee applies to Home Equity Line of Credit. Homeowner’s Insurance is required under all of the Home Equity plans. Repayment terms for a typical loan of $5,000 at 10.00% for 48 months would be a monthly payment of $126.81 over the life of the loan. Contact any office if you require more information.

Mortgage Loans

Rates are subject to change without notice. Loans are subject to credit approval. ARM rates vary over the life of the loan. As an example, a 30-year, $100,000, 3 Year ARM with an annual percentage rate of 6.471% would have 36 monthly payments of $583.57 for the first three years and 324 monthly payments in the initial amount of $636.41 each. A 30 year $100,000, 5 year ARM with an annual percentage rate of 7.132% would have 60 monthly payments of $591.54 over the first 5 years, and 300 monthly payments in the initial amount of $709.41 each. A 15 year, $100,000 loan with an annual percentage rate of 5.747% would have a monthly payment of $823.73 over the life of the loan. A 20 year $100,000 loan with an annual percentage rate of 5.973% would have a monthly payment of $709.24 over the life of the loan. A 30-year, $100,000 loan with an annual percentage rate of 6.200% would have a monthly payment of $607.61 over the life of the loan. Contact any office if you require more information. Homeowner’s Insurance is required under all of the Mortgage Loan plans.

The Nationwide Mortgage Licensing System and Registry offers NMLS Consumer AccessSM, which is a free service for consumers to confirm that the bank or mortgage company and the mortgage professional with whom they wish to conduct business are registered with the federal system or licensed, if required, in the state in which they conduct business. To access this free service please go to http://www.nmlsconsumeraccess.org/. View a listing of Highpoint Community Bank Loan Originators and their National Mortgage Licensing System (NMLS) unique IDs by clicking here.

New Procedures for Opening an Account

To help the government fight the funding of terrorism and money laundering activities, and to help prevent Identity Theft, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Asking for this information each time you open a new account helps protect you from Identity Theft.

What You Should Know About Overdraft Fees
Highpoint Community Bank has the reasonable expectation that you will have the funds in your account before attempting to make a withdrawal. Please read this important information regarding what you should know about overdraft fees.

Mobile Privacy Policy

Rev. Date 01/2024

Facts WHAT DOES HIGHPOINT COMMUNITY BANK DO WITH YOUR PERSONAL INFORMATION FROM THE MOBILE APPLICATION?
Why? The mobile application requests access to information stored on your device such as location, camera, or other features you are enrolled in to simplify your own user experience and improve our services, as well as provide additional security to protect your account(s). It is important to understand that:
  • Before granting access to this information, you will be prompted to give the application that permission.
  • If you do not wish to grant that permission, you may decline.
  • If you later change your mind, those permissions can be updated in your device’s settings.
What? The types of information your application will request access to include:
  • Location – Allows access to locations for functions such as maps and directions, etc.
  • Camera – Allows access to camera to perform functions such as Mobile Remote Deposit, etc.
  • Access to External Storage – Allows access to files/media on the device for features such as Secure Message Attachments.
  • Images – Allows access to stored images on the device for features such as Mobile Remote Deposit, etc.
  • Audio – Allows access to the devices microphone to perform functions such as chat, etc.
  • Contact Information – Allows access to contact information specifically for use in populating payees within Bill Pay.
How? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

The application information is retained in accordance with state and federal record retention laws. Please contact us to determine specific timeframes for your personal stored information and if that information may be deleted.
Questions If you have any questions about the information included in this Mobile Privacy Policy or about the mobile application, please contact Highpoint Community Bank by calling 888.422.2281 or go to our website.

Download Privacy Policy PDF version Download Mobile Policy PDF

What Does Highpoint Community Bank Do With Your Personal Information?

Rev. Date 06/2022

Why? Financial companies choose how they share your personal information. Federal law gives consumers
the right to limit some but not all sharing. Federal law also requires us to tell you how we collect,
share, and protect your personal information. Please read this notice carefully to understand what we
do.
What? The types of personal information we collect and share depend on the product or service you have
with us. This information can include:
  • Social security number
  • Account balances
  • Credit History
  • Income
  • Transaction history
  • Credit Card or Other Debt
How? All financial companies need to share customers’ personal information to run their everyday business.
In the section below, we list the reasons financial companies can share their customers’ personal
information; the reasons Highpoint Community Bank chooses to share; and whether you can limit this sharing.
Reasons We Can Share Your Personal Information Does Highpoint Community Bank Share? Can You Limit This Sharing?
For our everyday business purposes –
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus		 Yes No
For our marketing purposes –
to offer our products and services to you		 Yes No
For joint marketing with other financial companies No We Do Not Share
For our affiliates’ everyday business purposes –
information about your transactions and experiences		 Yes No
For our affiliates’ everyday business purposes –
information about your creditworthiness		 No We Do Not Share
For our affiliates to market to you No We Do Not Share
Questions Call toll-free 888-422-2280 or go to www.highpointcommunitybank.com
What We Do
How does Highpoint Community Bank protect my information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.
How does Highpoint Community Bank collect my information? We collect your personal information, for example, when you
  • Open an account
  • Make deposits or withdrawals
  • Pay your bills
  • Apply for a loan
  • Use your credit or debit card

We also collect your personal information from others such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing? Federal law gives you the right to limit only
  • Sharing for affiliates’ everyday business purposes –information about your creditworthiness
  • Affiliates from using your information to market to you
  • Sharing for non-affiliates to market to you

State laws and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and non-financial companies.
  • Our affiliates include:
    • Our affiliates include nonfinancial companies, such as Highpoint Insurance Services, Inc., Court Street Financial, Inc., Lighthouse Title Agency – Thornapple River, LLC.
Non‑Affiliates Companies not related by common ownership or control. They can be financial and non-financial companies.
  • Highpoint Community Bank does not share with nonaffiliates so they can market to you.
Joint Marketing A formal agreement between non-affiliated financial companies that together market financial products or services to you.
  • Highpoint Community Bank doesn’t jointly market.

Download PDF version Download Mobile Policy PDF

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