Common use of GENERAL PROVISIONS Membership Clause in Contracts

GENERAL PROVISIONS Membership. Membership in Journey Federal Credit Union is open to any person qualifying under the credit union’s bylaws. To become a member of the Credit Union, you must complete a Membership Application and Agreement and open a Regular Share/Savings Account. The basic share deposit that you must always keep in your Regular Share/Savings Account to retain membership is $5.00. You authorize us to check your account, credit and employment history and to obtain reports from third parties, including consumer (credit) reporting agencies, to verify your eligibility for the accounts and services you request as allowable by the Fair Credit Reporting Act. You agree that any accounts opened under this Agreement shall be for consumer, family, and household use only. If we determine that any account established under this Agreement has been used in a manner inconsistent with this provision of the Agreement, we may restrict activities on any such accounts or close them. You agree to hold the Credit Union harmless from all damages, including incidental and consequential damages suffered by you as a result of your breach of this provision of the Agreement.

Appears in 4 contracts

Samples: Membership/Account Agreement, Membership/Account Agreement, Membership/Account Agreement

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