About Your Credit Union - Brochure 3.75x8HR

Sep 17, 2026

Upload by Cipher

Account terms and procedures for opening and maintaining credit union accounts, covering key agreements, bylaws concepts, par value, liability, and dispute resolution including binding arbitration and class action waiver. Details deposits, withdrawals, checking balance considerations, beneficiary designation, stop payments, amendments and termination, clerical error corrections, notices, statements, account transfers, federal benefit reimbursement, repayment rights, and collection costs. Includes extensive check processing and security, electronic funds transfer rights, substitute checks, and truth-in-savings disclosures for multiple checking and savings account products.

LanguageEnglish

CategoryGeneral

FormatPDF

Pages40

Reading Time14 min

AccessFree to download

Terms and Conditions of Your Account

Electronic Fund Transfers Your Rights and Responsibilities

Your Ability to Withdraw Funds

Substitute Checks and Your Rights

Truth-in-Savings Disclosure

TABLE OF CONTENTS TERMS AND CONDITIONS OF YOUR ACCOUNT ................................2 Important Information About Procedures for Opening a New Account ....................................................................2 Agreement ...............................................................................................2 Bylaws ......................................................................................................2 Par Value ..................................................................................................3 Liability ....................................................................................................3 Binding Arbitration and Class Action Waiver ..........................................3 Deposits ..................................................................................................6 Withdrawals .............................................................................................6 Your Checking Account Balance .............................................................7 Ownership of Account and Beneficiary Designation ..............................8 Stop Payments ........................................................................................8 Amendments and Termination ................................................................9 Correction of Clerical Errors ....................................................................9 Notices ....................................................................................................9 Statements ............................................................................................ 10 Account Transfer ...................................................................................11 Reimbursement of Federal Benefit Payments .......................................11 Right to Repayment of Indebtedness ...................................................11 Collection Costs ..................................................................................... 11 Restrictive Legends or Endorsements ...................................................11 Payment Order of Items ........................................................................11 Facsimile Signatures ..............................................................................12 Pledges .................................................................................................. 12 Check Processing ..................................................................................12 Check Cashing ...................................................................................... 12 Unclaimed Property Notice ...................................................................12 Medallion Signature Guarantee ............................................................12 Endorsements ....................................................................................... 12 Death or Incompetence ........................................................................13 Fiduciary Accounts ................................................................................13 Legal Actions Affecting Your Account...................................................13 Account Security ...................................................................................14 Monitoring and Recording Telephone Calls and Account Communications ..............................................................15 Claim of Loss ......................................................................................... 15 Changes in Name and Contact Information .........................................15 Resolving Account Disputes ..................................................................15 Funds Transfers ..................................................................................... 15 International ACH Transactions .....................................

FAQs

What dispute resolution rules apply to the account?

The terms include binding arbitration and a class action waiver for disputes related to the account.

How are electronic fund transfers handled under the account disclosures?

The document provides “Electronic Fund Transfers—Your Rights and Responsibilities,” describing users’ rights and obligations for such transfers.

What information is provided about substitute checks and related rights?

A dedicated section explains substitute checks and “your rights,” covering how these check-related processes are treated under the disclosures.

Sep 17, 2026

Upload by Cipher