Common use of American Share Insurance Clause in Contracts

American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer.This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. BASIC CHECKING ACCOUNT Rate Information. This is a non-interest bearing account. Minimum Account Opening/ Balance Requirements. There is no minimum balance requirement to open this account once the affiliated Primary Savings Account is opened. However, a direct deposit to this account must begin within the first 60 days this account is open. A direct deposit must be made at least monthly for the entire time the account is open. If a direct deposit is not made during a monthly statement period, at month end the account type will change and the account will be considered a Classic Checking Account with the account requirements and fee schedule for a Classic Checking Account. Fees and Charges. Refer to the current “Schedule of Service Charges” for fees associated with this account. Member Balance Guardian (MBG) overdraft fees will be imposed for overdrafts created by any transaction other than ATM withdrawal, teller 24e, or Audio Account Access (these transactions are not eligible for the Member Balance guardian program. Transaction Limitations. Withdrawals from your Checking Account are limited to the amount of available funds in your account on the day that we receive the drafts (checks). Cash withdrawals from ATMs are limited to a maximum of $250.00 of the available funds per day. The maximum Point-of-Sale purchase is $1,000.00 of the available funds per day.

American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer.. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERSM EMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. BASIC CHECKING ACCOUNT Rate Information. This is a non-interest bearing account. Minimum Account Opening/ Balance Requirements. There is no minimum balance requirement to open this account once the affiliated Primary Savings Account is opened. However, a direct deposit to this account must begin within the first 60 days this account is open. A direct deposit must be made at least monthly for the entire time the account is open. If a direct deposit is not made during a monthly statement period, at month end the account type will change and the account will be considered a Classic Checking Account with the account requirements and fee schedule for a Classic Checking Account. Fees and Charges. Refer to the current “Schedule of Service Charges” for fees associated with this account. Member Balance Guardian (MBG) overdraft fees will be imposed for overdrafts created by any transaction other than ATM withdrawal, teller 24e, or Audio Account Access (these transactions are not eligible for the Member Balance guardian Guardian program. Transaction Limitations. Withdrawals from your Checking Account are limited to the amount of available funds in your account on the day that we receive the drafts (checks). Cash withdrawals from ATMs are limited to a maximum of $250.00 of the available funds per day. The maximum Point-of-Sale purchase is $1,000.00 of the available funds per day.

American Share Insurance. All accounts are insured to $250,000 by ASI (American Share Insurance) a private, member-owned insurer.. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT SPONSORED AGENCY. BASIC CHECKING ACCOUNT Rate Information. This is a non-interest bearing account. Minimum Account Opening/ Balance Requirements. There is no minimum balance requirement to open this account once the affiliated Primary Savings Account is opened. However, a direct deposit to this account must begin within the first 60 days this account is open. A direct deposit must be made at least monthly for the entire time the account is open. If a direct deposit is not made during a monthly statement period, at month end the account type will change and the account will be considered a Classic Checking Account with the account requirements and fee schedule for a Classic Checking Account. Fees and Charges. Refer to the current “Schedule of Service Charges” for fees associated with this account. Member Balance Guardian (MBG) overdraft fees will be imposed for overdrafts created by any transaction other than ATM withdrawal, teller 24e, or Audio Account Access (these transactions are not eligible for the Member Balance guardian Guardian program. Transaction Limitations. Withdrawals from your Checking Account are limited to the amount of available funds in your account on the day that we receive the drafts (checks). Cash withdrawals from ATMs are limited to a maximum of $250.00 of the available funds per day. The maximum Point-of-Sale purchase is $1,000.00 of the available funds per day.