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This Business Membership and Account Agreement (“Agreement”) covers the rights and responsibilities concerning
accounts held by a business or organization account owner (“Account Owner”) and the credit union providing this
agreement (“Credit Union”). In this Agreement, the words "you," "your" and “yours” mean the Account Owner as well as
each person signing a Business Account Card or other account opening document (“Account Card”) or for which
membership and/or service requests are otherwise approved. The words “we,” “us,” and “our” mean the Credit Union. The
word “account” means any one or more share or deposit accounts you have with the Credit Union.
fight the funding of terrorism and money laundering activities, 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, if applicable,
and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying

  • CONTRACT - Your account with the Credit Union is held individually in the name of the Account Owner. By signing
    an Account Card or authenticating your request, or by adding, changing or continuing to use your accounts and services,
    you agree to the terms and conditions in this Agreement, the Account Card, any Funds Availability Policy Disclosure, rate
    sheet, fee schedule, Account Receipt or other disclosure we provide to you, the Credit Union Bylaws or Code of
    Regulations (Bylaws), Credit Union policies, and any amendments we make to these documents from time to time, all of
    which collectively govern your membership, accounts and services. You also agree that your accounts and services are
    governed by applicable present and future federal and state laws, local banking customs and clearinghouse rules.
  • MEMBERSHIP ELIGIBILITY - To join the Credit Union, the Account Owner must meet the membership requirements
    including as applicable, purchasing and maintaining a minimum share balance (hereinafter membership share) and/or
    paying a membership fee, as set forth in the Credit Union’s Bylaws or established from time to time by the Credit Union’s
    Board of Directors. 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 and for other
    accounts, products, or services we may offer you or for which you may qualify.

  • Account Access.
    • Authorized Persons. The following are deemed Authorized Persons who may establish accounts at the Credit
      Union and act on behalf of the Account Owner with respect to such accounts:
      • If the Account Owner is a sole proprietorship, the business owner and any person designated by the business
      • If the Account Owner is a partnership, each partner (or general partner in the case of a limited partnership) and
        any person designated by the partners; or
      • If the Account Owner has any other form of organization or is an unincorporated organization or association, the individuals vested with the power to make decisions concerning the operation of the Account Owner must
        designate the persons authorized to establish accounts at the Credit Union and transact business on such
        accounts on behalf of the Account Owner.
    • Authority. Authorized Persons are vested with authority to open and close accounts on behalf of the Account
      Owner and transact business of any nature on such accounts, including but not limited to the following:
      • Depositing, withdrawing and transferring funds into, out of and between one or more account;
      • Signing drafts, checks and other orders for payment or withdrawal;
      • Issuing instructions regarding orders for payment or withdrawal;
      • Endorsing any check, draft, share certificate and other instrument or order for payment owned or held by the Account Owner; and
      • Receiving information of any nature about the account.
        We have no obligation to inquire as to the use of any funds or the purpose of any transaction made on your
        account by an Authorized Person and are not responsible for any transaction by an Authorized Person.
        We will not be liable for refusing to honor any item or instruction if we believe the signature is not genuine. It is
        your responsibility to provide us with specimen signatures of all Authorized Persons and to inform us immediately in writing of any changes. If you have authorized the use of a facsimile signature of any Authorized Person, we may honor any document that appears to bear the facsimile signature.
    • Access Options. You may access your account in any manner we permit including, for example, in person at
      one of our branch offices, at an ATM or point-of-sale device, or by mail, telephone, automatic transfer, internet
      access, or mobile application. Authorized Persons may execute additional agreements and documents we require to
      access, transact business on and otherwise exercise authority over your account. We may return as unpaid any check
      or draft drawn on a form we do not provide. Any losses, expenses or fees we incur as a result of handling such a
      check or draft will be charged to your account.
    • Credit Union Examination. We may disregard information on any check or draft, other than the signature of the
      drawer, the amount of the item and any magnetic encoding. You agree we do not fail to exercise ordinary care in
      paying an item solely because our procedures do not provide for sight examination of items.
  • DEPOSIT OF FUNDS REQUIREMENTS - Funds may be deposited to your accounts in any manner approved by the
    Credit Union and in accordance with any requirements set forth on our business account rate sheet and fee schedule. We
    have the right to refuse any deposit, limit the amount that may be offered for deposit, and return all or any part of a
    deposit. Deposits made by mail, at night depositories or other unstaffed facilities are not our responsibility until we receive
    • 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 the Account Owner, even if they are not endorsed. If an insurance,
      government, or other check or draft requires an endorsement, we may require that it be endorsed as set forth on the
      item. We may but are not required to accept, whether for cash or other value, checks, drafts, or items made payable
      to the Account Owner, provided such items are endorsed with an original or facsimile signature of an Authorized
      Person. Endorsements must be made on the back of the check or draft within 1½ inches from the top edge, although we may accept endorsements outside this space. However, any loss we incur due to a delay or processing error resulting from an irregular endorsement or other markings by you or any prior endorser will be your responsibility. If we offer a remote deposit capture service and you have been approved to use the service to make deposits to your account, you agree that, prior to transmitting check or draft images, you will restrictively endorse each original check or draft in accordance with any other agreement with us that governs this service. For accounts held at credit unions located in New York: 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 will process the check, draft, or item as though it is payable to all such persons. For accounts held at credit unions located in states other than New York: If a check, draft or other item that is payable to two 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.
    • 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 loss of an item in transit or the negligence of
      any correspondent. 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.
    • 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.
    • Final Payment. All items and Automated Clearinghouse (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 and impose a return item fee on your account. Any collection fees we incur may also be charged to your
      account. We reserve the right to refuse or return any item or funds transfer.
    • Direct Deposits. We may offer direct deposit services, including 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 by completing a separate authorization document. You must notify us if you wish
      to cancel or change a direct deposit or preauthorized transfer. Any cancellation or change will become effective once we receive notice from you and have a reasonable period of time to act on your request. If we are required to
      reimburse a government agency for any benefit payment directly deposited into your account, we may deduct the
      amount returned from any of your accounts, unless prohibited by law. 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
    • Crediting of Deposits. Deposits will be credited to your account on the day we consider them received as stated
      in our Funds Availability Policy Disclosure.
  • Funds Transfers -  Funds transfers we permit that are subject to Article 4A of the Uniform Commercial Code, including Automated Clearinghouse (ACH) credit transactions and wire transfers, 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, except as otherwise provided in this Agreement. ACH transfers are subject to rules of the National Automated Clearinghouse Association (NACHA). If we execute requests for funds transfers by Fedwire, such transfers are subject to the Federal Reserve Board's Regulation J.
    • Authorization for Transfers/Debiting of Accounts. Any Authorized Person is authorized to make or order funds
      transfers to or from your account. We will debit your account for the amount of a funds transfer and will charge your
      account for any fees related to the transfer.
    • Right to Refuse to Make Transfers/Limitation of Liability. Unless we agree otherwise in writing, we reserve
      the right to refuse to execute any payment order to transfer funds to or from your account. We are not obligated to
      execute any payment 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. In addition, we will not be liable for consequential, special, punitive or indirect loss or damage you may incur in connection with funds transfers to or from your account.
    • No Notice Required. We will not provide you with notice when funds transfers are 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.
    • Interest Payments. If we fail to properly execute a payment order and such action results in a delay in payment
      to you, applicable law requires that we pay you interest for the period of delay. Based on your account type, we will
      pay you such interest in the form of dividend or interest payments, whichever applies. You agree that the dividend or
      interest rate paid to you will be based on the lowest nominal dividend or interest rate we were paying on any account during that period.
    • Provisional Credit for ACH Transactions. We may provisionally credit your account for an ACH transfer before
      we receive final settlement. If we do not receive final settlement, we may reverse the provisional credit or require you
      to refund us the amount provisionally credited to your account, and the party originating the transfer will not be
      considered to have paid you.
    • Payment Order Processing and Cut-off Times. Payment orders we accept will be executed within a reasonable
      time of receipt. Unless we have agreed otherwise in writing, a payment order may not necessarily be executed on the date it is received or on a particular date you specify. Cut-off times may apply to the receipt, execution and processing of funds transfers, payment orders, cancellations, and amendments. Funds transfers, payment orders, cancellations, and amendments received after a cut-off time may be treated as having been received on the next funds transfer business day. Information about any cut-off times is available upon request. From time to time, we may need to temporarily suspend processing of a transaction for greater scrutiny of verification in accordance with applicable law. This action may affect settlement or availability of the transaction.
    • Identifying Information. If your payment order identifies the recipient and any financial institution by name and
      account or other identifying number, the Credit Union and any other financial institutions facilitating the transfer may rely strictly on the account or other identifying number, even if the number identifies a different person or financial institution.
    • Amendments and Cancellations of Payment Orders. Any Authorized Person may amend or cancel a payment
      order regardless of whether that person initiated the order. We may refuse requests to amend or cancel a payment
      order that we believe will expose the Credit Union to liability or loss. Any request to amend or cancel a payment order that we accept 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.
    • Security Procedures. We may require you to follow a security procedure to execute, amend or cancel a payment
      order so that we may verify the authenticity of the order, amendment or cancellation. You agree that the security
      procedure established by separate agreement between you and the Credit Union is commercially reasonable. If you
      refuse to follow a commercially reasonable security procedure that we offer, you agree to be bound by any payment
      order, whether authorized or not, that is issued in your name and accepted by us in good faith in accordance with the security procedure you choose.
    • Duty to Report Unauthorized or Erroneous Funds Transfers. You must exercise ordinary care to identify and
      report unauthorized or erroneous funds transfers on your account. You agree that you will review your account(s) and
      periodic statement(s). You further agree you will notify us of any unauthorized or erroneous transfers within the time
      frames described in the "Statements" section of this Agreement.
    • Recording Telephone Requests. You agree that we may record payment order, amendment and cancellation
      requests as permitted by applicable law.
  • ACCOUNT RATES AND FEES - We pay account earnings and assess fees against your account as set forth in our
    business account rate sheet and fee schedule. We may change our business account rate sheet and fee schedule at any
    time and will notify you as required by law.
  • Transaction Limitations. - TRANSACTION LIMITATIONS - We reserve the right to restrict withdrawals or transfers from your account and shall not be liable for any restrictive action we take regarding withdrawals, transfers, or the payment or non-payment of checks and drafts, except those damages which may arise solely as a result of the Credit Union's negligence.
    • Withdrawal Restrictions. We permit withdrawals if your account has sufficient available funds to cover the full
      amount of the withdrawal, and may otherwise honor withdrawal requests in accordance with our overdraft policies or any overdraft protection service you have established with us. Checks and drafts or other transfers or payment orders which are drawn against insufficient available funds may be subject to a fee as set forth in our business account fee schedule. If there are sufficient available funds to cover some, but not all, of your withdrawal request, we may otherwise allow you to make a withdrawal in an amount for which there are sufficient available funds.
      We may limit or refuse a withdrawal in some situations, and will advise you accordingly if, for example: (1) there is a
      dispute between Authorized Persons (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; (5) you fail to repay a Credit Union loan on time; (6) for non-corporate accounts, a depositor is deceased; or, for corporate accounts, the corporation is in bankruptcy proceedings or has been dissolved and the
      required disposition of the account has not been made; (7) someone with authority to do so requests us not to permit the withdrawal; or (8) there are other circumstances which do not permit us to make the withdrawal. We also reserve the right to refuse any withdrawal which is attempted by any method not specifically permitted by us. We may require you to give written notice of 7 to 60 days before any intended withdrawals.
  • Transfer Limitations. For accounts subject to transfer limitations, you may not make more than six withdrawals
    and transfers to another Credit Union account of yours or to a third party during any month by means of a
    preauthorized, automatic or internet transfer, by telephonic order or instruction, or by check, draft, debit card, if
    applicable, or similar order. A preauthorized transfer includes any arrangement with us to pay a third party from your
    account upon oral or written orders, including orders received via ACH. When a transfer exceeds these limitations, we
    may refuse or reverse it, assess fees against your account, suspend your account, or close your account and transfer
    the balance to an account without such transfer limitations. There is no limit on the number of transfers you may make
    to a Credit Union loan account or on the number of withdrawals you may make if the withdrawal is made in person, by
    mail, messenger or at an ATM. There is also no limit on the number of telephone requests for withdrawals in the form
    of a check or draft which is then mailed directly to you, although we may impose a fee for such services.
  • CERTIFICATE ACCOUNTS - Any term share, share certificate, time deposit or certificate of deposit account,
    whichever we offer as allowed by applicable federal or state law, is subject to the terms of this Agreement, our business
    account rate sheet and fee schedule, Account Receipt(s), if provided, and any other documents we provide for the
    account, the terms of which are incorporated herein by reference. For accounts held at state chartered credit unions
    located in Wisconsin: Credit Union liability for dividends declared by the board of directors on term share, share
    certificate and passbook savings accounts shall terminate without penalty to the Credit Union upon the Credit Union
    entering an involuntary dissolution procedure, or if the Director of Credit Unions shall take possession of the Credit Union
    under s.186.235(11) of the Wisconsin Statutes. Upon dissolution, the Director shall determine the priority of payout of the
    various classifications of savings (Wis. Admin. Code DFI-CU 60.06).
  • Overdrafts and Dishonored Items.
    • Insufficient Funds/Overdrafts. If, on any day, the available balance in your account is not sufficient to pay the
      full amount of a check, draft, transaction or other item that is presented for payment from the account, we may return the item or honor it in accordance with our overdraft policies or any overdraft service you have established with us. We are not required to pay any item that exceeds the available balance in your account. Items drawn on your account may be paid in any order we choose. The available balance for your account is determined according to our funds availability policy and reflects pending transactions you have authorized but have not yet posted to your account. We may determine whether the available balance in your account is sufficient to pay an item at any time between presentation of the item and our midnight deadline, with only one review of the account required. We are not required to notify you if your account does not have sufficient available funds to pay the item. Your account may be subject to a fee as disclosed in our business account fee schedule for each item presented against an insufficient available balance, regardless of whether we return or honor the item. If you have established an overdraft service with us that links your share or deposit account with other Credit Union accounts of yours, you authorize us to transfer funds from those accounts to cover the amount of any items that exceed the available balance in your account as well as the amount of any fee assessed for the transfer. Such transfers may be made from another share or deposit account, an overdraft line-of-credit account, or other account you so designate. If we, at our discretion and as a courtesy to you, honor items that exceed the available balance in your account, the account will be overdrawn and you agree to repay the overdrawn amount, plus any fee assessed by us, in accordance with the requirements established in any other agreement with us that governs this overdraft protection service. By exercising our discretionary right to honor such items, we do not agree to honor them in the future.
    • Dishonored Items. We may redeposit an item taken for deposit, cash or other value, or we may return the item to
      you and charge your account. If your account does not contain sufficient available funds to reimburse us for the
      amount of the item, you must repay us for the amount we are unable to collect from your account. If we choose to
      redeposit an item, we are not required to notify you that the item was returned unpaid. We may charge your account and/or seek recovery directly from you for any item that is returned due to your breach of warranty under the Uniform Commercial Code as adopted in the state where our main office is located.
  • 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 fees for cashing checks or
    drafts are stated in our business account fee schedule.
  • POSTDATED AND STALEDATED CHECKS OR DRAFTS - You agree not to draw or issue any check or draft that is
    postdated. If you draw or issue a check or draft that is payable on a future date, we will have no liability if we pay the
    check or draft before its payment date. You agree not to deposit checks, drafts, or other items before they are properly
    payable. We are under no obligation to pay a check or draft drawn on your account that is presented more than six
    months after the date it was written; however, if the check or draft is paid against your account, we will have no liability for
    such payment.
  • FOREIGN CURRENCY - All checks or drafts drawn on your account shall be payable in currency of the United
    States. You agree not to draw a check or draft that is payable in any foreign currency. If you give us an order to pay a
    check or draft in a foreign currency, we have the right to return the check or draft unpaid. However, if we pay the check or
    draft, we will not be responsible for the currency conversion or any fees assessed for collection, and you will be bound by
    our determination of the currency conversion rate, the data used and the manner in which we make the conversion.
  • Stop Payment Orders.
    • Stop Payment Order Request. Any Authorized Person may request a stop payment order on any check or draft
      drawn on your account. To be binding, the order must accurately describe the check or draft, including the exact
      account number, check or draft number, and amount of the check or draft. This exact information is necessary for the Credit Union 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 transfer 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.
    • For accounts held at credit unions located in the state of New York: Payment on any certified check, cashier's
      check, teller's check, or any other check, draft, or payment guaranteed by us may be stopped only according to the
      provisions of Section 4-403 of the Uniform Commercial Code as enacted by the state of New York. For accounts
      held at credit unions located in states other than New York: 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.
    • Duration of Order. You may make an oral stop payment order which will lapse within 14 calendar days unless
      you confirm it in writing, or in a record if allowed by applicable law, within that time. A written stop payment order is
      effective for six months and may be renewed from time to time in writing, or in a record if allowed by applicable law.
      We do not have to notify you when a stop payment order expires. For accounts held at credit unions located in the
      states of Florida and Texas: We have the right to refuse to accept oral stop payment orders and may require that all
      stop payment orders be made in writing or in a record as allowed by applicable law.
    • Liability. Fees for stop payment orders are set forth on our business account fee schedule. Although payment of
      an item may be stopped, you may remain liable to any item holder, including us. You have the burden of establishing the fact and amount of loss resulting from the payment of an item contrary to a binding stop payment order. You agree to indemnify and hold the Credit Union harmless from all costs, including attorney’s fees and all damages or claims related to our refusal to pay an item, as well as claims of the Account Owner or of any payee or indorsee for failing to stop payment of an item as a result of incorrect information provided by you.
  • CREDIT UNION LIABILITY - If we 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 or
    elsewhere in this Agreement. We will not be liable if, for example: (1) your account contains insufficient available 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 are not liable if
    checks, drafts or other items were forged or altered so that the forgery or alteration could not be reasonably detected. We
    will not be liable for consequential damages, except liability for wrongful dishonor. We are not responsible for a check or
    draft that is paid by us if we acted in a commercially reasonable manner and exercised ordinary care. 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 banking 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 between what you or our employees may say or write will be resolved by reference to this Agreement.
    responsible for maintaining the security of all facsimile signatures, check or draft writing equipment and supplies. You
    must promptly notify us in writing of the loss or theft of any checks or drafts or the unauthorized use of facsimile signature
    equipment, as well as the circumstances surrounding the loss, theft or unauthorized use. We are not liable for any
    unauthorized use of a facsimile signature.
  • PLEDGE OF SHARES, RIGHT OF OFFSET AND 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. You agree we have the right to
    offset funds in any of your accounts against any obligation owed to us. Federal or state law, depending on 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 the
    account(s) you have with us now and in the future. Except as limited by state or federal 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 state or federal law. If we do not apply or offset 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 or offset the funds in your account(s) to the amount you owe us at a later time. The statutory lien and your pledge does not apply to any Individual Retirement Account or any other account that would lose special tax treatment under state or federal law if given as security. By not enforcing our right to apply or offset funds in your account(s) to your obligations that are in default, we do not waive our right to enforce these rights at a later time.
  • TRANSFER OF ACCOUNT - All accounts are nonassignable and nontransferable to third parties except by us.
  • 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’s 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.
  • 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 is made to comply with the law or an order issued by a court or
    government agency; (4) you give us written permission; or (5) as otherwise permitted by applicable law. We may provide
    information to credit bureaus about an insolvency, delinquency, late payment or default on your account to include in your credit report.
    • Name or Address Changes. You are responsible for promptly notifying us of any address or name change. The
      Credit Union is only required to attempt to communicate with you at the most recent address you have provided to us. If we attempt to locate you, we may impose a service fee as set forth on our business account fee schedule..
    • Notice of Amendments. Except as prohibited by applicable law, we may at any time change the terms of this
      Agreement. We will notify you, in a manner we deem appropriate under the circumstances, of any changes in terms,
      rates, or fees as required by law.
    • 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 provided electronically or is deposited in the U.S. mail, postage prepaid and addressed to you at
      your statement mailing address, and will be effective whether or not received by you.
    • 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..
    from any dividends or interest earned on your account as required by federal, state or local law or regulations. 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 a percentage of
    dividends, interest, and certain other payments. If you fail to provide your TIN within a reasonable time, we will close your
    account and return the balance to you, less any applicable service fees.
    • Contents. If we provide a periodic statement for your account, you will receive a statement that shows the
      transactions and activity on your account during the statement period. 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 may be retained by us or payable through financial institutions and made available upon your request. You understand and agree that statements are made available to you on the date they are mailed to you or, if you have requested, on the date they are made available to you electronically. You also understand and agree that checks, drafts or copies thereof are made available to you on the date the statement is mailed to you or is provided to you electronically, even if the checks or drafts do not accompany the statement.
    • Examination. You are responsible for promptly examining each statement upon receiving it and reporting any
      irregularities to us. If you fail to report to us, within a reasonable time after receiving your statement, any irregularities,
      such as forged, altered, unauthorized, unsigned, or otherwise fraudulent items drawn on your account, erroneous
      payments or transactions, or other discrepancies that are reflected on your statement we will not be responsible for
      your loss. In addition, we will not be responsible for any such items, payments, transactions, or other discrepancies
      reflected on your statement if you fail to notify us within 33 days of the date we sent or otherwise provided the
      statement to you. 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 facsimile signature equipment.
    • Notice to the 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 timely notice is given, we reserve the right to make a final reasonable determination regarding whether and in what amount any adjustment shall be made. If you fail to receive a periodic statement, you agree to notify us within 14 days of the time you regularly receive a statement.
    • Address. If we mail you a statement, we will send it to the last known address shown in our records. If you have
      requested that we send your statement electronically, we will send it to the last e-mail address shown in our records.
  • INACTIVE ACCOUNTS - As allowed by applicable law, we may classify your account as inactive or dormant and
    assess a fee if you have not made any transactions in your account over a specified period of time. The period of
    inactivity, the fee for servicing an inactive or dormant account, and the minimum balance required to avoid the service fee, if any, are set forth in our business account fee schedule. 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 all funds in an
    inactive or dormant account to an account payable or reserve account 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 then 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. If you choose to reclaim such funds, you must apply to the appropriate state agency.
  • TERMINATION OF ACCOUNT - We may terminate your account at any time without prior notice to you or may
    require you to close your account and apply for a new account. We are not responsible for payment of any check, draft,
    transfer or item after your account is terminated; however, if we pay a check, draft, transfer or other item after termination,
    you agree to reimburse us for the amount of our payment as well as any applicable fees. You may terminate this Agreement by closing all of your accounts. If your account is a dividend or interest-bearing account, any deposit or part of a deposit that we have returned or attempted to return to you upon termination of your account will no longer bear dividends or interest, as applicable. When the account is closed, you will receive the balance remaining in the account after we have made all appropriate deductions and charges. The termination of this Agreement and the account does not release you from the obligation for payment of accrued fees or your liability for any checks or drafts in process.
  • TERMINATION OF MEMBERSHIP; LIMITATION OF SERVICES - You may terminate your membership by giving us
    written notice or by withdrawing your minimum required membership share, if any, and closing all of your accounts. You
    may be expelled from membership for any reason allowed by applicable law. We may restrict account access and
    services without notice to you when your account is being misused; you have demonstrated conduct which is abusive in
    nature; as outlined in any policy we have adopted regarding restricting services; or as otherwise permitted by law.
  • DEATH OF ACCOUNT OWNER - If an account is held in the name of an individual person or a business that is
    organized as a sole proprietorship, we may continue to honor all transfer orders, withdrawals, deposits and other
    transactions on the account until we are notified of the Account Owner’s death. Once we are notified of an Account
    Owner’s death, we may pay checks or drafts or honor other payments or transfer orders authorized by the Account Owner
    for a period of ten 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 Account 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 that is an individual or business organized as a sole
    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.
  • WAIVER OF RIGHTS - We reserve the right to waive or delay the enforcement of any provision of this Agreement
    with respect to any transaction or series of transactions. A waiver or delay of our rights at anytime shall not be deemed to
    be a waiver of any other rights or a waiver of the same rights at a future time.
  • 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 this Agreement.
  • ENFORCEMENT - You are liable to us for any loss, cost or expense 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 post-judgment collection actions.
  • GOVERNING LAW - This Agreement is governed by the following, as amended from time to time: the Credit Union's
    bylaws; local clearinghouse and other payment system rules; federal laws and regulations, including applicable principles
    of contract law; and the laws and regulations of the state of California.
    by applicable law, you agree that any legal action regarding this Agreement shall be brought in the county of the Credit
    Union office where you opened your account. You and we agree to waive any right to trial by jury in any legal proceeding
    or lawsuit involving the account.
  • NEGATIVE INFORMATION NOTICE - We may report information about your loan and deposit accounts to
    credit bureaus. Late payments, missed payments, or other defaults on your accounts may be reflected in your
    credit report.
  • MONITORING AND RECORDING COMMUNICATIONS - We may monitor and record communications between you
    and us, including telephone conversations, electronic messages, electronic records, or other data transmissions that
    affect your accounts or other products and services. Except as otherwise provided by applicable law, you agree we may
    monitor and record such communications without your approval or further notice to you.