Common use of Inactive Accounts Clause in Contracts

Inactive Accounts. The Credit Union will consider your account inactive after 12 months of no deposits or withdrawals on your account. This excludes interest or dividends credited to your account by the Credit Union. Michigan Law permits the Credit Union to turn these funds over to the State after two years of no activity, and requires the Credit Union to turn these funds over to the State after three years of no activity. Before turning funds from inactive accounts over to the State of Michigan, the Credit Union will send notices as required by Michigan law advising you of your rights.

Inactive Accounts. The Credit Union will consider your account inactive after 12 24 months of no deposits deposits, withdrawals, or withdrawals transfers on your account. This excludes interest or dividends Dividends credited to your account by the Credit UnionUnion will not maintain an account in an active status. Your account may be subject to a monthly fee as set forth in our Fee Schedule. The Michigan Law permits the Credit Union to turn these funds over to the State after two years of no activity, and Uniform Unclaimed Property Act requires the Credit Union to turn these funds over to the State after three years of no activityinactivity. Before turning funds from inactive accounts over to the State of Michigan, the Credit Union will send notices notice as required by Michigan law advising you of your rights.

Inactive Accounts. The Credit Union will consider your account inactive after 12 months two years of no deposits deposits, withdrawals, or withdrawals transfers on your account. This excludes interest or dividends Dividends credited to your account by the Credit UnionUnion will not maintain an account in an active status. Your account may be subject to a monthly fee as set forth in our Fee Schedule. The Michigan Law permits the Credit Union to turn these funds over to the State after two years of no activity, and Uniform Unclaimed Property Act requires the Credit Union to turn these funds over to the State after three five years of no activityinactivity. Before turning funds from inactive accounts over to the State of Michigan, the Credit Union will send notices notice as required by Michigan law advising you of your rights.

Inactive Accounts. The Credit Union will consider your account inactive after 12 months three years of no deposits or withdrawals on your account. This excludes interest or dividends credited to your account by the Credit Union. Michigan Escheats Law permits the Credit Union to turn these funds over to the State after two years of no activity, and requires the Credit Union to turn these funds over to the State after three years of no activity. After 12 months a fee may be imposed; please refer to our Rate and Fee Schedule for current information as to those fees and charges. Before turning funds from inactive accounts over to the State of Michigan, the Credit Union will send notices as required by Michigan law advising you of your rights.

Inactive Accounts. The Credit Union will consider your account inactive after 12 months two (2) years of no deposits or withdrawals on your account. This excludes interest or dividends credited to your account by the Credit Union. The Michigan Law Uniform Unclaimed Property Act permits the Credit Union to turn these funds over to the State after two years of no activity, activity and requires the Credit Union to turn these funds over to the State after three (3) years of no activity. Before turning funds from inactive accounts over to the State of Michigan, the Credit Union will send notices notices, as required by Michigan law law, advising you of your rights.

Inactive Accounts. The Credit Union will consider your account inactive after 12 months of no deposits deposits, withdrawals, or withdrawals transfers on your account. This excludes interest or dividends Dividends credited to your account by the Credit UnionUnion will not maintain an account in an active status. Your account may be subject to a monthly fee as set forth in our Fee Schedule. The Michigan Law permits the Credit Union to turn these funds over to the State after two years of no activity, and Uniform Unclaimed Property Act requires the Credit Union to turn these funds over to the State after three years of no activityinactivity. Before turning funds from inactive accounts over to the State of Michigan, the Credit Union will send notices notice as required by Michigan law advising you of your rights.

Inactive Accounts. The Credit Union will consider your account inactive after 12 months two years of no deposits or withdrawals on your account. This excludes interest or dividends credited to your account by the Credit Union. Michigan Escheats Law permits the Credit Union to turn these funds over to the State after two years of no activity, and requires the Credit Union to turn these funds over to the State after three years of no activity. After 12 months a fee may be imposed; please refer to our Fee Schedule for current information as to those fees and charges. Before turning funds from inactive accounts over to the State of Michigan, the Credit Union will send notices as required by Michigan law advising you of your rights.