GENERAL TERMS APPLICABLE TO ALL ACCOUNTS. Member in Good Standing. The account services described in these Agreements and Disclosures are available to those members in good standing with the credit union. We reserve the right to suspend services to a member who is not in good standing, which includes members that have: NonSufficient Funds Returns. Any share draft/check or pre-authorized transfer, or transactions made through the use of your ATM or Debit Card, or other electronic means, as applicable (including any in-person transaction), that is presented to us for payment on your account when your account lacks sufficient collected funds to pay any such item may, at our option, be returned for nonsufficient funds or we may honor any such item and charge you a fee for doing so. Minimum Balance Requirements. To be a member and maintain accounts with us you must purchase one share in the credit union. The par value of a share in this credit union is $5.00. If the balance in your share account drops below one share ($5.00) for a period of six months or more, we may at our option, close your account. Variable Rate Information. For all dividend-bearing accounts (except for certificate accounts), the dividend rate and APY may change every dividend period based on the determination of the Credit Union Board or Directors.
Appears in 3 contracts
Samples: Consumer Agreements and Disclosures, Consumer Agreements and Disclosures, Consumer Agreements and Disclosures
