Important Member Information Clause Samples

The "Important Member Information" clause serves to provide members with essential details regarding their rights, responsibilities, and key aspects of their membership. This section typically outlines information such as membership benefits, rules of conduct, payment obligations, and procedures for updating personal information or resolving disputes. By clearly presenting these critical points, the clause ensures that members are well-informed and helps prevent misunderstandings or disputes about the terms of membership.
Important Member Information. Contract Year. Your first contract year begins on the effective date of your coverage and ends on December 31 of that calendar year. Subsequent contract years run on a calendar year basis, January 1 through December 31.
Important Member Information. This agreement contains all necessary information about the laws and regulation governing the financial services we provide. For purposes of this agreement, the terms “you” or ”your” refer to the member, account owners and any agents appointed by or on behalf of the owner(s) to sign on the account as a representative and the terms “our” “we” or “us” refer to PARDA Federal Credit Union. Please read this agreement carefully. By submitting the PARDA Federal Credit Union Membership Agreement application form you are agreeing to accept the terms and conditions set forth in this agreement. Also, the individual listed as Name 1 of the application (unless already a member) is applying for membership in PARDA Federal Credit Union.