Jump to main content

Membership and Account Agreement

This Agreement covers your rights and responsibilities concerning your accounts and the rights and responsibilities of the Credit Union providing this Agreement (Credit Union). In this Agreement, the words “ you,” “ your,” and “ yours” mean anyone who signs an Account Card, Account Change Card, or any other account opening document (Account  Card),  or  for  whom  membership  and/or  service  requests are approved through the Credit Union’ s online application and  authentication process.  The words  “we,”  “ us,”  and  “ our” mean the Credit  Union. The word “account”  means any one (1) or more share or other accounts you have with the Credit   Union.

Your account type(s) and ownership features are designated by you on your Account Card or through the  Credit  Union’ s  online application and authentication process. By signing an Account Card or authenticating your request, each of  you, jointly and  severally, agree to the terms and conditions in this Agreement, and any Account Card, Funds Availability Policy Disclosure, Truth-in-Savings Disclosure, Electronic Fund Transfers Agreement  and  Disclosure,  Privacy  Disclosure,  or  Account Receipt  accompanying  this Agreement, the Credit Union’s bylaw s and policies, and any amendments to  these  documents  from  time to  time that  collectively govern your membership and  accounts.

1. MEMBERSHIP ELIGIBILITY - To join the Credit Union, you must meet the membership requirements, including purchase and maintenance of the minimum required share(s) (“membership share”) as set forth in the Credit Union’s bylaws.  You authorize us to check your account, credit and employment history, and obtain reports from third parties, including  credit  reporting agencies,  to verify  your eligibility for the accounts and services you   request.

2. INDIVIDUAL ACCOUNTS - An individual account is an account owned  by  one (1) member  (individual,  corporation,  partnership,  trust, or other organization) qualified for credit union membership.  If  the account  owner  dies,  the interest  passes,  subject  to applicable law , to the account owner’ s estate or Payable on Death (POD) beneficiary/payee or trust beneficiary, subject to other provisions of this Agreement governing our protection for honoring transfer and withdrawal  requests of  an  owner or owner’ s agent  prior  to notice of  an owner’ s death, and to any security interest  or pledge granted by the account  owner, and subject  to our statutory lien rights.

3. JOINT ACCOUNTS - A  joint  account  is an account  owned by two (2) or more persons.

a. Rights of Survivorship. Unless otherwise stated on  the Account  Card or  documented through the Credit  Union’ s online application and authentication process, a joint account includes rights of survivorship. This means that w hen one (1) owner dies, all sums in the account will pass to the surviving owner(s). For a joint account  without rights of  survivorship, the deceased owner’ s interest  passes to his or her  estate. A  surviving owner’s interest  is subject  to the Credit  Union’s statutory lien  for the deceased  owner’s obligations and to any security interest  or pledge granted by a deceased owner, even if  a surviving owner did not consent  to  it.

b. Control of Joint Accounts. Any owner is authorized and deemed to act for any other owner(s) and may instruct us regarding transactions and other account  matters.  Each  owner  guarantees  the signature or  authenticated  request  of  any  other  owner(s).  Any owner may withdraw or transfer funds, pledge to us all or any part of the shares, or stop payment on items without the consent of the other owner(s). We have no duty to notify any owner(s) about any  transaction.  We reserve the right  to require written  consent  of  all owners for any change to or termination of an account. If we receive written notice of a dispute between owners or inconsistent instructions from them, we may suspend or terminate the account and  require a court  order  or  written consent  from  all  owners  in order to act.

c. Joint Account Owner Liability. If  an item deposited in  a joint  account  is returned unpaid,  a joint  account  is overdrawn,  or if  we do not receive final payment on a transaction, the owners, jointly and severally, are liable  to us  for  the amount  of  the returned  item, overdraft , or unpaid amount and any charges, regardless of who initiated or benefited from the transaction. If any account owner is indebted to us, we may enforce our rights against any account of the indebted owner,  including  all  funds  in  the  joint  account,  regardless of  who contributed the funds.

4. POD/TRUST ACCOUNT DESIGNATIONS - A Payable on Death (POD) account or trust account designation  is an  instruction to the Credit Union that an individual or joint account  so designated is payable to the owner(s) during his, her, or their lifetimes and, when the  last account owner dies, is payable to all surviving POD  or  trust  beneficiaries/payees.  Upon  the death  of  the last  account  owner,  if there is more than one (1) surviving beneficiary/payee, the account is owned jointly by such beneficiaries/payees without rights of survivorship. Any POD or trust beneficiary/payee designation shall not apply to Individual Retirement Accounts  (IRAs).  We are  not obligated to notify any beneficiary/payee of the existence of any account nor the vesting of the beneficiary/payee’s  interest  in  any account, except  as otherwise provided by law . This paragraph does not  apply to an account  held on behalf  of  or in the name of  a  trust.

5. ACCOUNTS FOR MINORS - We may require any account established by a minor to be a joint account  with an  owner  who  has reached the age of majority under state law and w ho shall be jointly and  severally  liable to us  for any  returned  item,  overdraft ,  or unpaid charges or amounts on such account. We may pay funds directly to the minor without regard to his or her minority. Unless a guardian or parent is an account owner, the guardian or parent shall  not  have any account  access  rights. We have no duty to inquire  about the use or purpose of any transaction. We will not change the account  status when the minor reaches the age of  majority unless  the change is authorized in writing by all account  owners.

6. UNIFORM TRANSFERS/GIFTS TO MINORS ACCOUNT - A Uniform Transfers/Gifts to  Minors  Account  (UTMA/ UGMA)  is  an individual account created by a custodian w ho deposits funds as an irrevocable gift  to a minor.  The minor  to whom  the gift  is made is  the beneficiary of the custodial property in the account.  The  custodian has  possession  and  control  of  the account  for the exclusive right and benefit of the minor and, barring a court order otherwise, is the only party authorized to make deposits, withdrawals, or close the account. We have no duty to inquire about the use or purpose of any transaction. If  the custodian  dies,  we  may  suspend  the account  until we receive instructions from any person authorized by law  to  withdraw  funds or a court  order authorizing  withdrawals.

7. AGENCY DESIGNATION ON AN ACCOUNT - An agency designation on an account is an instruction  to  us  that  the  owner  authorizes another person to make transactions as agent  for the account  owner  regarding  the accounts designated.  An agent  has no  ownership interest in the account(s) or credit union voting rights. We have no duty to inquire  about  the  use  or  purpose  of  any transaction made by  the agent.

8. DEPOSIT OF FUNDS REQUIREMENTS - Funds may be deposited to any account, in any manner approved by the Credit Union in accordance with the requirements set forth in the Truth-in-Savings Disclosure.  Deposits  made  by  mail,  at  night  depositories,  or  at unstaffed facilities are not  our responsibility until we receive them. We reserve the right  to refuse or to return any   deposit.

a. Endorsements. We may accept transfers, checks, drafts, and other items for deposit into any of your accounts if  they are made  payable to, or to the order of, one (1) or more account owners even if they are not endorsed by all payees. You authorize us to supply missing endorsements of  any owners if  we choose.  If  a check,  draft ,  or item that  is  payable to two (2) or more persons  is ambiguous as to whether it is payable to either or both, we may process the check, draft , or item as though it is payable to either person. If an insurance, government, or other check or draft requires an endorsement, we may require endorsement as set forth on the item. Endorsements must be made on the back of the check or draft within 1½ inches of the  top  edge,  although  we  may  accept  endorsements outside this space. However, any  loss we incur  from a delay  or processing  error  resulting  from an irregular endorsement or other markings by you or any prior    endorser will be your responsibility.

b. Collection of Items. We act only as your agent and we are not responsible for handling items for deposit or collection beyond the exercise of ordinary care. We are not liable for the negligence of any  correspondent  or  for loss  in transit,  and each  correspondent  will only be liable for its own negligence. We may send any item for collection. Items drawn on  an  institution located outside  the United States are handled on a collection basis only.  You  waive any notice of  nonpayment,  dishonor,  or protest  regarding  items we purchase or receive for credit or collection to your account. We reserve the right to pursue collection of previously dishonored items at any time, including  giving a payor financial institution extra time beyond any midnight  deadline  limits.

c. Restrictive Legends. Some checks and drafts contain restrictive legends or similar limitations on the front of the item. Examples of restrictive legends include “ two signatures required,” “void after 60 days,” and “not valid  over  $500.00.“  We are  not  liable  for payment of any check or draft contrary to a restrictive legend or other limitation contained in or on the item unless we have specifically agreed in writing to the restriction or  limitation.

d. Final Payment. All items or Automated Clearing House  (ACH)  transfers  credited  to your account  are provisional  until we  receive final payment. If final payment is not received, we may  charge  your account  for  the amount  of  such  items  or  ACH transfers  and impose a return item charge on your account. Any collection fees we incur may be charged to your account.  We reserve  the right  to refuse or return any item or funds  transfer.

e. Direct Deposits. We may offer preauthorized deposits (e.g., payroll checks, Social  Security  or  retirement  checks,  or  other  government checks) or preauthorized transfers from other accounts.  You must  authorize direct  deposits or preauthorized transfers by  filling out a separate form.  You must  notify us at  least  30  days in advance to cancel or  change a direct  deposit  or transfer  option. If  your account is overdrawn, you authorize us to deduct the amount your account is overdrawn from any deposit, including deposits of government payments or benefits. If we are required to reimburse the U.S. Government for any  benefit  payment  directly deposited into your account, we may deduct  the amount  returned from any of  your accounts, unless prohibited by law .

f. Crediting of Deposits. Deposits made after the deposit cutoff time and deposits made on  holidays or days other than our  business  days will be credited to your account  on the next  business  day.

9. ACCOUNT ACCESS -

a. Authorized Signature. Your signature on the Account Card, or  authentication  and  approval  of  your  account,  authorizes  your  account access. We will not be liable for refusing to honor any  item or  instruction  if  we believe the signature is  not  genuine.  If  you  have authorized the use of  a facsimile signature,  we may  honor  any  check  or draft  that  appears  to bear  your facsimile signature,  even if it was made by an unauthorized person.  You authorize us to honor  transactions initiated by a third person  to whom  you have given  your account  information, even if  you do not  authorize a particular  transaction.

b. Access Options. You may withdraw or transfer funds from your account(s) in any manner we permit (e.g., at an automated teller machine, in person, by mail, Internet access,  automatic transfer,  or  telephone,  as applicable).  We may  return as  unpaid any  check  or draft drawn on a form we do not provide, and you are responsible  for any loss  we incur  handling  such  a check  or draft .  We have the right  to review  and approve any form of  power of  attorney and may restrict  account  withdrawals or transfers. We may refuse to honor  a power of  attorney if  our refusal is conducted in accordance with applicable state law .

c. Credit Union Examination. We may disregard any information on any check or draft other than the signature of  the drawer,  the  amount, and any magnetic encoding. You agree that we do not fail to exercise ordinary care in paying an item solely because our  procedures do not  provide for sight  examination of  items.

10. FUND TRANSFERS - Except as amended by  this Agreement,  electronic  fund  transfers  we permit  that  are subject  to Article 4A  of the Uniform Commercial Code will be subject to such provisions of the Uniform Commercial  Code as enacted by  the state where the  main office of the Credit Union is located. We may execute certain requests for an electronic fund transfer by Fedwire.  Fedwire transactions are subject  to Federal  Reserve Board Regulation J. You may order an electronic  fund transfer to or from your account. We will debit your account for the amount of the electronic fund transfer and w ill charge your account for any fees related to the transfer. Unless w e agree otherwise in writing, we reserve the right  to refuse to execute any order to transfer funds to or from your account. We are not obligated to execute any order to transfer funds out of your account if  the amount  of  the requested transfer plus applicable  fees exceeds the available funds in your account. We are not liable for errors,  delays, interruptions, or transmission  failures caused by  third parties or circumstances beyond our control, including mechanical, electronic, or equipment failure.  We will not  provide you with  next day notice of ACH transfers, wire transfers, and  other electronic  payments credited to your  account.  You  will  receive notice of such credits on your account statements. You may contact us to determine whether  a  payment  has  been  received.  If  we  fail  to properly execute a payment order, and such action results in a delay in payment to you,  we  will  pay  you dividends or interest  for the period of delay as required by applicable law . The dividends or interest  paid to you will  be based on the lowest  nominal dividend or  interest rate we were paying on any account  during  that period.  Payment  orders  we accept  will be executed within a reasonable time of receipt but may not necessarily be executed on the date they are received. Cutoff times may apply to the receipt, execution and processing of fund transfers, payment orders, cancellations, and amendments. If a request for a  fund  transfer,  payment  order,  cancellation, or amendment is received after a cutoff time, it may be treated  as  having  been  received  on  the  next  fund  transfer business day.  Information about  any cutoff times is available upon request.  From  time to time, we may need to suspend  processing  of   a transaction for greater scrutiny or  verification in accordance with applicable law and this action may  affect  settlement  or availability of the transaction. When you initiate a wire transfer, you may identify  the recipient  and  any  financial  institution  by  name  and  by account or identifying number. The Credit Union and any other financial institutions facilitating the transfer may  rely  strictly on  the  account or identifying number,  even if  the number identifies a different  person  or financial institution. Any account  owner  may amend  or cancel a payment order, even if that person  did  not  initiate the order.  We may  refuse any  request  to amend  or  cancel  a payment order that  we believe will expose the Credit  Union to liability or loss.  Any request  that  we accept  to amend or cancel a payment  order will be processed within a reasonable time after it is received. You agree to hold us harmless from and indemnify us for all losses and expenses resulting from any actual or attempted amendment or cancellation of a  payment  order.  We may  require  you  to follow  a security procedure to execute a payment order or certain electronic fund transfer transactions. We will notify you of any such security procedures. Unless we permit you to establish a different security procedure, you agree that the security  procedures contained in the Credit Union’ s policies, of which we have notified you, are commercially reasonable verification of payment orders and other electronic  fund transfers. If we permit you to establish a different security procedure, you agree that  procedure  is  a commercially  reasonable method of verifying electronic funds transfers. If we conduct a remittance transfer(s) on your behalf acting as a remittance transfer provider, such transactions will be governed by 12 C.F.R. part 1005, subpart B-Requirements for remittance transfers. A “remittance transfer” is an electronic transfer of funds of more than $15.00 which is requested by a sender and sent to a designated recipient in a  foreign country by a remittance transfer provider.   Terms applicable to such transactions may vary from those disclosed herein and will be disclosed to you at  the time such services are requested and rendered in accordance with applicable law.

11. ACCOUNT RATES AND FEES - We pay account earnings and assess fees  against  your  account  as  set  forth  in  the  Truth-in- Savings Disclosure and Schedule of Fees and Charges. We may change the Truth-in-Savings  Disclosure  or  Schedule  of  Fees  and Charges at  any time and will notify you as required by law .

12. TRANSACTION LIMITATIONS -

a. Withdrawal Restrictions. We will pay checks or drafts, permit withdrawals, and make transfers  from  available  funds  in  your account. The availability of funds in your  account  may  be delayed as  described  in  our  Funds  Availability Policy  Disclosure.  We may also pay checks or drafts, permit withdrawals, and make transfers from your account from insufficient available funds if you have established an overdraft  protection plan or, if  you do not  have such a plan with us, in accordance with our overdraft payment policy.
We may refuse to allow  a withdrawal  in  some  situations and  will  advise you  accordingly  if:  (1) there is  a  dispute between  account owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any  obligation to us;  (4) required  documentation  has not  been  presented;  or  (5) you fail to repay  a credit  union  loan on time. We may require you to give written notice of  seven (7) to 60 days before any intended  withdrawals.

b. Transfer Limitations. We may limit the dollar amount or the number of transfers from your account. Please  consult  your Truth-in-Savings Disclosure or your Electronic  Fund  Transfers Agreement  and  Disclosure.

13. CERTIFICATE ACCOUNTS - Any time deposit, term share, share certificate, or certificate of deposit account allow ed by state law (certificate account), whichever we offer, is subject to the terms of this Agreement, the Truth-in-Savings Disclosure, and the Account Receipt  for each account, the terms  of  which are incorporated herein by  reference.

14. OVERDRAFTS -

a. Payment of  Overdrafts. If, on any day, the available funds in your share or deposit  account  are not  sufficient  to pay the full amount of a check,  draft ,  transaction,  or other item, plus any applicable fee,  that  is posted to your account, we may  return the item or pay it,  as described below . The Credit Union’ s determination of an insufficient available account balance may be made at any time between presentation and the Credit Union’ s midnight deadline with only  one review  of  the account  required.  We do  not  have to notify you if your account does not have sufficient available funds in order to pay an item. Your account may be subject to a charge for each item regardless of  whether we pay or return the item.

If  we offer standard  overdraft  services,  this service allows us to authorize payment  for the following types of  transactions regardless  of whether your share or deposit account has sufficient funds: (1) share  draft s/checks  and  other  transactions  made  using  your checking account, except as otherwise described below ; (2) automatic bill  payments;  (3) ACH transactions.  For  ATM  and  one-time debit card transactions, you must affirmatively consent  to such  coverage.  Without your  consent,  the Credit  Union  may  not  authorize and pay an ATM or one-time debit card transaction that will  result  in  insufficient  funds in your account. If  you have established  a  service linking your share or deposit account with other individual or joint accounts, you authorize us  to transfer  funds from  another account of  yours  to cover an insufficient  item, including  transfers from a share or  deposit  account, an overdraft  line-of-credit  account,  or other account you so designate. Services and fees for these transactions are  shown  in  the document  the Credit  Union  uses  to capture your affirmative consent  and the Schedule of  Fees and Charges.

Except as otherwise agreed in writing, if we exercise our right to use our discretion to pay such items that result in an insufficiency of funds in your account, we do not agree to pay them in the future and may discontinue coverage at any time without notice. If we pay these items or impose a fee that  results in insufficient  funds in your account, you agree to pay  the insufficient  amount, including  the  fee assessed by us, in accordance  with our  standard  overdraft  services  or any  other service  you may  have authorized  with us,  or  if you do not  have such protections with us, in accordance with any overdraft  payment  policy we have, as applicable.

b. Order of Payments. Checks, drafts, transactions, and other items may not be processed  in the order  that  you make them or in the order that we receive them. We may, at our discretion,  pay a check,  draft ,  or item, and execute other transactions on your account  in  any order we choose.  The order  in which  we process  checks,  drafts,  or items,  and execute other transactions  on your account  may affect the total amount of overdraft fees that  may be charged  to your account. Please contact  us if  you have questions about  how  we pay checks or drafts and process transfers and withdrawals.

15. POSTDATED AND STALEDATED CHECKS OR DRAFTS - You agree not to issue any check or draft that is payable on a future date (postdated). If  you do issue a check  or draft  that is postdated and  we pay it  before that date,  you agree that  we shall have no liability   to you for such payment. You agree not to deposit checks, drafts, or other items  before  they  are  properly  payable.  We  are  not obligated to pay any check or draft  drawn on your account  that  is presented more than six    (6) months past  its date.

16. STOP PAYMENT ORDERS -

a. Stop Payment Order Request.  Any owner may request  a stop payment order on any check or draft  drawn on the owner’ s account. To be binding, the order must be in writing, dated and signed, and must accurately describe the check or  draft ,  including  the exact  account number, the check or draft number, and the exact amount of the check  or draft .  This  exact  information is necessary  for the Credit Union’ s computer to identify the check or draft . If we receive incorrect or incomplete information, we will not be responsible for failing to stop payment on the check or  draft .  In  addition,  we must  receive sufficient  advance notice of  the stop payment  order  to allow us a reasonable opportunity to act on it. If we recredit your account after paying a check or draft over a valid and  timely stop payment order, you agree to sign a statement describing the dispute with the payee, to assign  to us  all  of  your  rights  against  the  payee or other holders of  the check or draft , and to assist  us in any legal   action.

b. Duration of  Order.  Oral  stop payment  orders  for check  or drafts  will  lapse within 14  calendar  days unless confirmed in writing within that time. Written stop payment orders for checks or draft s are effective for six  (6) months and may  be renewed  for additional  six (6) month periods by requesting in writing that the stop payment order be renewed within a period during which the stop payment order is effective. We are not  required to notify you when a stop payment  order  expires.

c. Liability. Fees for stop payment  orders  are set  forth in the Truth-in-Savings Disclosure or Schedule of  Fees and Charges.  You  may  not stop payment on any certified check, cashier’ s check, teller’ s check, or any other check,  draft ,  or  payment  guaranteed  by  us. Although payment of an item may be stopped, you may remain  liable to any item holder,  including  us. You agree to indemnify and hold  the Credit Union harmless from all costs, including attorney’ s fees, damages, or claims related to our refusing  payment  of  an  item, including claims of any joint account owner, payee, or endorsee in failing to  stop  payment  of  an  item  as  a  result  of  incorrect  information provided by  you.

17. CREDIT UNION LIABILITY - If w e do not properly complete a transaction according  to this Agreement,  we will  be liable for your losses or damages not to exceed the amount of the transaction, except as otherwise provided by law . We will not be liable if: (1) your account contains insufficient funds for the transaction; (2) circumstances beyond our control prevent the transaction; (3) your loss is caused by  your or  another  financial institution’s negligence;  or  (4) your account  funds are subject  to legal  process  or other claim.  We will not be liable for consequential damages, except liability for wrongful dishonor. We exercise ordinary  care  if  our  actions  or  nonactions are consistent with applicable state law , Federal Reserve regulations and operating letters, clearinghouse rules, and general financial institution practices followed in the area we serve. You grant us the right, in making payments of deposited funds, to rely exclusively on the form  of  the account  and the terms  of  this Agreement.  Any conflict regarding  what  you and  our  employees say  or write  will be resolved by reference to this  Agreement.

18. CHECKS OR DRAFTS PRESENTED FOR PAYMENT IN PERSON - We may refuse  to accept  any  check  or  draft  drawn  on  your account that is presented for payment in person. Such  refusal shall  not  constitute a wrongful dishonor  of  the check  or draft ,  and we shall have no liability for refusing payment. If we agree to cash a check or  draft  that  is  presented  for payment  in  person,  we may  require the presenter to pay a fee.   Any applicable check or draft  cashing    fees are stated in the Schedule of  Fees and Charges.

19. REMOTELY CREATED CHECKS OR DRAFTS - For purposes of this paragraph, “ account” means  a  transaction  account,  credit account, or any other account on which  checks or drafts may  be drawn.  A  remotely created  check  or draft  is a check  or draft  created by someone other than the person on whose account the check or draft  is  drawn.  A  remotely  created  check  or  draft  is  generally created by a third party payee as authorized by the owner  of  the account  on  which  the check  or  draft  is  drawn.  Authorization  is usually made over the telephone or  through on-line communication. The owner  of  the account  does not  sign  a remotely created  check or draft . In place of the owner’ s signature, the remotely created check or draft usually bears a statement that the owner authorized the check or draft or bears the owner’ s printed or typed name. If  you authorize a third party  to draw  a remotely  created  check  or  draft against your account, you may not later revoke or change  your  authorization.  It  is  your  responsibility  to resolve  any  authorization issues directly with the third party. We are not required to credit your account and may  charge against  your account  any  remotely  created check or draft  for which  the third party has proof  of  your authorization.

20. PLEDGE/STATUTORY LIEN - Unless prohibited by law , you pledge and grant as security  for all obligations you may  have now  or in  the future, except obligations secured by your principal residence, all shares and dividends and all deposits and interest, if any, in all accounts you have with us now and in the future. If you pledge a specific  dollar  amount  in  your account(s) for a loan,  we will  freeze  the funds in your account(s) to the extent of the outstanding balance of the loan or, if greater, the amount of the pledge if the loan is a revolving loan. Otherwise, funds in your pledged account(s) may be withdrawn unless you are in default.  Federal  or  state  law  (depending upon whether we have a federal or state charter) gives us a lien on all shares and dividends and all deposits and interest, if  any,  in accounts you have with us now  and in the future. Except  as limited by federal or state law , the statutory lien gives us the right to apply the balance of all your accounts to any obligation on which you are in default. After you are in default, we may exercise our statutory lien rights without  further notice to you.
Your pledge and our statutory lien rights will allow us to apply the funds in your account(s) to what you owe when you are in default, except as limited by federal or state law. If we do not apply the funds in your account(s) to satisfy your obligation, we may place an administrative freeze on your account(s) in order to protect our statutory lien rights and may apply the funds in your account(s) to the amount you owe us at a later time. The statutory lien and your pledge do not apply to any Individual Retirement Account or any other account  that would lose special tax treatment  under federal or state law  if  given as security. By  not  enforcing  our  right  to apply funds in your account  to your obligations that are in default, we do not  waive our right  to enforce these rights at  a later   time.

21. LEGAL PROCESS - If any legal  action is brought  against  your account, we may pay out  funds according  to the terms of  the action  or refuse any payout until the dispute is resolved, as permitted by law . Any expenses or attorney fees we incur responding to legal process may be charged against your account without notice, unless prohibited by  law.  Any legal  process  against  your account  is subject  to our lien and security  interest.

22. ACCOUNT INFORMATION - Upon request, we will give you the name and address of each agency from which we obtain a credit report regarding your account. We agree not to disclose account information to third parties  except  when:  (1)  it  is  necessary  to complete a transaction; (2) the third party seeks to verify the existence or condition of your account  in accordance with applicable law ;  (3) such disclosure complies with the law  or a government  agency or court  order; or (4) you give us written   permission.

23. NOTICES -

a. Name or Address Changes. You are responsible  for notifying us of  any name or address  change.  The Credit  Union  is only required  to attempt to communicate with you at the most recent address you have provided to us. We may require  all  name  and  address  changes to be provided in writing. If we attempt to locate you, we may impose a service fee as set  forth in  the Truth-in-Savings Disclosure or Schedule of  Fees and Charges.

b. Notice of Amendments. Except as prohibited by applicable law , we may change the terms of this Agreement at any time. We will  notify you of any change in terms, rates, or fees as required by law . We reserve the right to waive any  terms of  this Agreement.  Any  such waiver shall not  affect  our right  to future enforcement.

c. Effect  of  Notice. Any  written notice you give us is effective when  we receive it. Any  written notice we give to you is effective when it is deposited in the U.S. mail,  postage prepaid, and addressed  to you at  your statement  mailing address.  Notice to any account  owner is considered notice to all account  owners.

d. Electronic Notices. If you have agreed to receive notices electronically, we may send you notices electronically and  discontinue mailing paper notices to you until you notify us that you wish to reinstate receiving paper notices.

24. TAXPAYER IDENTIFICATION NUMBER AND BACKUP WITHHOLDING - Your failure to furnish a correct Taxpayer Identification Number (TIN) or meet  other requirements may  result  in backup  withholding. If  your account  is subject  to backup  withholding, we must withhold and pay to the Internal Revenue Service (IRS) a percentage of dividends, interest, and certain other payments. If you fail to  provide your TIN, we may suspend opening your  account.

25. STATEMENTS -

a. Contents. If we provide a periodic statement for your account, you will receive a periodic statement of  transactions and activity on your account during the statement period as required by applicable law . If a periodic statement is provided, you agree that only one (1) statement is necessary for joint accounts.  For share draft  or  checking accounts, you understand and agree that  your original check  or  draft , when paid, becomes property of the Credit Union and may not be returned  to you, but  copies of  the check  or  draft  may  be  retained by us or  by  payable-through  financial institutions and may  be made available upon  your request.  You  understand  and agree  that statements are made available to you on the date they are sent to you. You  also  understand  and  agree that  checks,  drafts,  or copies thereof are made available to you on the date the statement is sent to you, even if the checks or drafts do not accompany the statement.

b. Examination. You are responsible for promptly examining each statement  upon  receiving  it  and reporting any  irregularities  to us.  If you fail to report any irregularities such as forged, altered, unauthorized, unsigned, or  otherwise  fraudulent  items  drawn  on  your account, erroneous payments or transactions,  or  other discrepancies  reflected on  your statement  within 33  days of  the date we sent the statement to you, we will not be responsible for your loss. We also will not be liable for any items that are forged or  altered  in  a manner not  detectable by a reasonable person,  including  the unauthorized use of  a facsimile signature  machine.

c. Notice to Credit Union. You agree that the Credit Union’ s retention of checks or drafts does not alter or waive your responsibility to examine your statements or the time limit  for notifying us of  any errors.  The statement  will be considered correct  for all purposes,  and  we will not be liable for any payment made or charge to your account unless you notify us in writing within the above time limit for notifying us of any errors. If you fail to receive a periodic statement, you agree to notify us  within  14  days  of  the time you regularly receive a statement.

26. INACTIVE ACCOUNTS - If  your account  falls below  any  applicable minimum  balance and you have not  made any transactions over   a period specified in the Truth-in-Savings Disclosure or Schedule of Fees and Charges, w e may classify your account as inactive or  dormant. Unless prohibited by  applicable law ,  we may  charge a service fee, as set  forth in the Truth-in-Savings Disclosure or Schedule  of Fees and Charges, for processing your inactive account.  If  we impose a fee,  we will  notify you, as required  by law,  at  your last  known address. You authorize us to transfer funds from another account  of  yours  to cover  any  service  fees,  if  applicable.  To  the extent allowed by law , we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient  contact with you within  the period specified by state law , the account will be presumed to be abandoned. Funds in abandoned accounts will  be reported and  remitted in accordance with state law . Once funds have been  turned over to the state, we have no  further liability  to you for such  funds, and if  you choose to reclaim such funds, you must  apply  to the appropriate state   agency.

27. SPECIAL ACCOUNT INSTRUCTIONS - You may request that we  facilitate  certain  trust,  will,  or  court-ordered  account arrangements. However, because we do not give legal advice, we cannot counsel you as to which account arrangement  most  appropriately meets the specific requirements of your trust, will, or court order. If you ask us to follow any instructions that we believe  might expose us to claims, law suits, expenses, liabilities, or damages, whether directly or indirectly, we may refuse to follow your instructions or may require you to indemnify us or post a bond or  provide us  with other  protection.  We may  require  that  account changes requested by you, or any account owner, such as adding or closing an account or service, be evidenced by a signed Account Change Card or other document  which evidences a change to an account  and accepted by   us.

28. TERMINATION OF ACCOUNT - We may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if: (1) there is a change in owners or authorized signers;  (2) there has been a forgery or  fraud  reported or committed involving your account; (3) there is a dispute as to the ownership of the account  or of  the funds in the account; (4) any checks or  drafts are lost  or  stolen; (5) there are excessive returned unpaid  items not  covered  by  an overdraft  protection plan;  (6) there has been any misrepresentation or any other abuse of any of  your  accounts;  or  (7) we  reasonably  deem  it  necessary  to prevent a loss to us.  You  may  terminate an  individual account  by giving written notice.  We reserve the right  to require the consent  of all owners to terminate a joint account. We are not responsible for payment  of any check,  draft , withdrawal, transaction, or other item  after your account  is terminated; however, if  we pay an item after termination, you agree to reimburse  us.

29. TERMINATION OF MEMBERSHIP - You may terminate your membership by giving us written notice  or  by  withdrawing  your minimum required membership share(s), if any, and closing all  your accounts.  You  may  be denied  services  for causing  a loss  to the Credit  Union, or you may be expelled for any reason as allow ed by applicable   law .

30. DEATH OF ACCOUNT OWNER - We may continue to honor all transfer orders, withdrawals, deposits, and other transactions on an account until we know of a member’ s death. Once w e know of a member’ s death, we may pay checks  or  drafts or  honor  other payments or transfer orders authorized by the deceased member for a period of ten (10 ) days after that date unless  we  receive instructions from any person claiming an interest in the account to stop payment on the checks, drafts, or other items. We may require anyone claiming a deceased owner’s account funds to indemnify us for any losses resulting from our  honoring  that  claim.  This  Agreement  will be binding  upon any heirs or legal representatives of  any account  owner.

31. UNLAWFUL INTERNET GAMBLING AND OTHER ILLEGAL ACTIVITIES - You agree that you are not engaged in unlawful Internet gambling or any other illegal activity. You agree that you will not use any of your accounts,  access  devices or  services  for unlawful Internet gambling or other illegal activities. We may terminate your account relationship if  you engage in unlawful Internet  gambling or  other illegal activities.

32. SEVERABILITY - If a court holds any portion  of  this  Agreement  to be  invalid  or  unenforceable,  the remainder  of  this  Agreement shall not  be invalid or unenforceable and will  continue in  full force and effect.  All headings  are intended  for reference only and  are not  to be construed as part  of  the Agreement.

33. ENFORCEMENT - You are liable to us for any losses, costs, or expenses we incur resulting from your  failure  to  follow  this  Agreement. You authorize us to deduct  any such losses,  costs, or expenses from your account  without prior  notice to you. If  we bring  a legal action to collect any amount due under or to enforce this Agreement,  we  shall  be  entitled,  subject  to applicable  law ,  to payment of reasonable attorney’ s fees and costs, including fees on any appeal, bankruptcy  proceedings,  and  any  postjudgment  collection actions.

34. GOVERNING LAW - This Agreement is governed by the Credit Union’ s bylaw s, federal law s and regulations, the laws, including applicable principles of contract law , and regulations of the state in which the Credit Union’ s main office is located, and local clearinghouse rules, as amended from time to time. As permitted by applicable law , you agree that any legal action regarding this Agreement  shall be brought  in the county in which the Credit  Union is  located.

35. NEGATIVE INFORMATION NOTICE - We may report information about your loan, share, or deposit accounts to credit bureaus. Late payments, missed payments, or other defaults on your accounts may be reflected in your credit report.