Common use of Contract for Accounts and Services Clause in Contracts

Contract for Accounts and Services. You understand that Parts 1 and 2 (this agreement and the disclosures that follow) form a legally binding contract that governs your accounts and services at your credit union, and that this agreement (in Part 2) contains the specific terms, responsibilities and liabilities of membership, account ownership, and related services with us. By applying for membership, opening an account, requesting a service and signing Part 1 of this contract, you are agreeing to the terms and responsibilities (and accompanying liabilities) of this contract as explained in this agreement and disclosures (Part 2). As important, you authorize us to rely exclusively on the terms of Parts 1 and 2 of this contract, and agree that we have no obligation to rely on any other documents. It is the essential purpose of this contract to fairly apportion the responsibilities and liabilities of membership, account ownership and services used by each member between that member and the credit union, which in turn enables the credit union to provide the best products and services possible, in the most cost effective manner, for the benefit of all members of the credit union.