Common use of ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE Clause in Contracts

ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE. The Electronic Funds Transfers offered by your credit union are indicated below, some of which may not apply to your account. Please read this disclosure carefully because it describes your rights and obligations for these transactions. You should keep this notice for future reference. Unless otherwise noted Savings account refers to Share Savings, Savings Plus and Money Market accounts. This disclosure applies to the following services: • Direct Deposit – You may make arrangements for certain direct deposits to be accepted into your Checking accounts or Savings accounts. Credit given by us to you with respect to an automated clearing house entry is provisional until we receive such final settlement of such entry through the Federal Reserve Bank. • Preauthorized Withdrawals – You may make arrangements to pay certain recurring bills from your Checking accounts or Savings accounts. • MemberNet – You may access your account 24 hours a day via the Internet using your account numbers and access code to: • Transfer funds between your Checking and Savings accounts and Line of Credit accounts; • Make payments from Checking and Savings account to VISA and other Loan accounts; • Get balance information and transaction history for Checking, Savings, VISA and other loan accounts. • TellerPhone – You may access your account 24 hours a day by touch tone telephone using your personal identification number (PIN) and account number(s) at 000-000-0000 and 0-000-000-0000 to: • Transfer funds between your Checking and Savings accounts and Line of Credit accounts; • Make payments from Checking and Savings account to VISA and other Loan accounts; • Get balance information and transaction history for Checking, Savings, VISA and other loan accounts. • Mobile Banking – You may access your account 24 hours a day via a mobile device using your account numbers and access code to: • Transfer funds between your Checking and Savings accounts and Line of Credit accounts; • Make payments from Checking and Savings account to VISA and other Loan accounts; • Get balance information and transaction history for Checking, Savings, VISA and other loan accounts. • Xxxx Payment – See the Xxxx payment agreement for information about Xxxx Payment. VISA Check Card – You may use your VISA Check Card to purchase goods and services from participating merchants who display a VISA logo. Funds to cover your VISA Check Card purchases will be deducted from your checking account. If the available balance in your checking account is not sufficient to pay the transaction amount, the necessary funds will be transferred from the overdraft protection plan, if you have selected one. If you do not have an overdraft protection plan or if you have exceeded the overdraft protection plan limit and/or your account available balance is insufficient to cover the transaction amount, your account will be overdrawn and you will be charged an NSF fee. You may not stop payment on VISA Check Card transactions. You may also use your VISA Card and PIN at participating merchants who display the VISA logo, up to $1000 per 24-hour period. Your VISA Check card and PIN will also work in ATMs of the University of Michigan Credit Union, and the VISA, CO-OP, and PLUS ATM networks to access your Checking and Share Savings accounts to: • Make deposits • Withdraw cash, up to $500 per 24-hour period; • Verify balance information; • Transfer funds between Checking and Share Savings accounts. • Electronic Check Conversion/Electronic Returned Check Fees – If you pay for purchases or bills with a check or share draft, you may authorize your check or share draft to be converted to an electronic funds transfer. You may also authorize merchants or other payees to electronically debit your account for returned check fees. Fees – Please refer to the UMCU Fee Schedule for information about charges for electronic funds transfers. Account Security – If we have reason to believe that your accounts or access device have been compromised we may restrict the account without notice in order to maintain the security of your accounts or the electronic funds transfer system.

ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE. The Electronic Funds Transfers offered by your credit union are indicated below, some of which may not apply to your account. Please read this disclosure carefully because it describes your rights and obligations for these transactions. You should keep this notice for future reference. Unless otherwise noted Savings account refers to Share Savings, Savings Plus and Money Market accounts. This disclosure applies to the following services: • Direct Deposit – You may make arrangements for certain direct deposits to be accepted into your Checking accounts or Savings accounts. Credit given by us to you with respect to an automated clearing house entry is provisional until we receive such final settlement of such entry through the Federal Reserve Bank. • Preauthorized Withdrawals – You may make arrangements to pay certain recurring bills from your Checking accounts or Savings accounts. • MemberNet – You may Youmay access your account 24 hours a day via the Internet using your account numbers and access code to: • Transfer funds between your Checking and Savings accounts and Line of Credit accounts; • Make payments from Checking and Savings account to VISA and other Loan accounts; • Get balance information and transaction history for Checking, Savings, VISA and other loan accounts. • TellerPhone – You may Youmay access your account 24 hours a day by touch tone telephone using your personal identification number (PIN) and account number(s) at 000-000-0000 and 0-000-000-0000 to: • Transfer funds between your Checking and Savings accounts and Line of Credit accounts; • Make payments from Checking and Savings account to VISA and other Loan accounts; • Get balance information and transaction history for Checking, Savings, VISA and other loan accounts. • Mobile Banking – You may Youmay access your account 24 hours a day via a mobile device using your account numbers and access code to: • Transfer funds between your Checking and Savings accounts and Line of Credit accounts; • Make payments from Checking and Savings account to VISA and other Loan accounts; • Get balance information and transaction history for Checking, Savings, VISA and other loan accounts. • Xxxx Payment – See the Xxxx payment agreement for information about Xxxx Payment. VISA Check Card – You may use your VISA Check Card to purchase goods and services from participating merchants who display a VISA logo. Funds to cover your VISA Check Card purchases will be deducted from your checking account. If the available balance in your checking account is not sufficient to pay the transaction amount, the necessary funds will be transferred from the overdraft protection plan, if you have selected one. If you do not have an overdraft protection plan or if you have exceeded the overdraft protection plan limit and/or your account available balance is insufficient to cover the transaction amount, your account will be overdrawn and you will be charged an NSF fee. You may not stop payment on VISA Check Card transactions. You may Youmay also use your VISA Card and PIN at participating merchants who display the VISA logo, up to $1000 per 24-hour periodhourperiod. Your VISA Check card and PIN will also work in ATMs of the University of Michigan Credit Union, and the VISA, CO-OP, and PLUS ATM networks to access your Checking and Share Savings accounts to: • Make deposits • Withdraw cash, up to $500 per 24-hour period; • Verify balance informationbalanceinformation; • Transfer funds between Checking and Share Savings accounts. • Electronic Check Conversion/Electronic Returned Check Fees – If you pay for purchases or bills with a check or share draft, you may authorize your check or share draft to be converted to an electronic funds transfer. You may also authorize merchants or other payees to electronically debit your account for returned check fees. Fees – Please refer to the UMCU Fee Schedule for information about charges for electronic funds transfers. Account Security – If we have reason to believe that your accounts or access device have been compromised we may restrict the account without notice in order to maintain the security of your accounts or the electronic funds transfer system.

ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE. The Electronic Funds Transfers offered by your credit union are indicated below, some of which may not apply to your account. Please read this disclosure carefully because it describes your rights and obligations for these transactions. You should keep this notice for future reference. Unless otherwise noted Savings account refers to Share Savings, Savings Plus and Money Market accounts. This disclosure applies to the following services: • Direct Deposit – You may make arrangements for certain direct deposits to be accepted into your Checking accounts or Savings accounts. Credit given by us to you with respect to an automated clearing house entry is provisional until we receive such final settlement of such entry through the Federal Reserve Bank. • Preauthorized Withdrawals – You may make arrangements to pay certain recurring bills from your Checking accounts or Savings accounts. • MemberNet – You may access your account 24 hours a day via the Internet using your account numbers and access code to: • Transfer funds between your Checking and Savings accounts and Line of Credit accounts; • Make payments from Checking and Savings account to VISA and other Loan accounts; • Get balance information and transaction history for Checking, Savings, VISA and other loan accounts. • TellerPhone – You may access your account 24 hours a day by touch tone telephone using your personal identification number (PIN) and account number(s) at 000-000-0000 and 0-000-000-0000 to: • Transfer funds between your Checking and Savings accounts and Line of Credit accounts; • Make payments from Checking and Savings account to VISA and other Loan accounts; • Get balance information and transaction history for Checking, Savings, VISA and other loan accounts. • Mobile Banking – You may access your account 24 hours a day via a mobile device using your account numbers and access code to: • Transfer funds between your Checking and Savings accounts and Line of Credit accounts; • Make payments from Checking and Savings account to VISA and other Loan accounts; • Get balance information and transaction history for Checking, Savings, VISA and other loan accounts. • Xxxx Payment – See the Xxxx payment agreement for information about Xxxx Payment. • VISA Check Card – You may use your VISA Check Card to purchase goods and services from participating merchants who display a VISA logo. Funds to cover your VISA Check Card purchases will be deducted from your checking account. If the available balance in your checking account is not sufficient to pay the transaction amount, the necessary funds will be transferred from the overdraft protection plan, if you have selected one. If you do not have an overdraft protection plan or if you have exceeded the overdraft protection plan limit and/or your Share Savings account available balance is insufficient to cover the transaction amount, your account will be overdrawn and you will be charged an NSF fee. You may not stop payment on VISA Check Card transactions. You may also use your VISA Card and PIN at participating merchants who display the VISA logo, up to $1000 per 24-hour period. Your VISA Check card and PIN will also work in ATMs of the University of Michigan Credit Union, and the VISA, CO-OP, and PLUS ATM networks to access your Checking and Share Savings accounts to: • Make deposits • Withdraw cash, up to $500 per 24-hour period; • Verify balance information; • Transfer funds between Checking and Share Savings accounts. • Electronic Check Conversion/Electronic Returned Check Fees – If you pay for purchases or bills with a check or share draft, you may authorize your check or share draft to be converted to an electronic funds transfer. You may also authorize merchants or other payees to electronically debit your account for returned check fees. Fees – Please refer to the UMCU Fee Schedule for information about charges for electronic funds transfers. Account Security – If we have reason to believe that your accounts or access device have been compromised we may restrict the account without notice in order to maintain the security of your accounts or the electronic funds transfer system.