Common use of Individual Accounts Clause in Contracts

Individual Accounts. An individual account is an account owned by one member (individual or other organization) qualified for Credit Union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s estate of Payable on Death (POD) beneficiary/payee or trust beneficiary. The account ownership transfer is subject to other provisions in this Agreement governing our protection for honoring transfer and withdrawal requests of an owner of owner’s agent prior to notice of an owner’s death. JOINT ACCOUNTS An account owner by two or more persons is a joint account.

Appears in 5 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

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Individual Accounts. An individual account is an account owned by one member (individual or other organization) who has qualified for Credit Union credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedentaccount owner’s estate of or Payable on Death (POD) beneficiary/payee or trust beneficiary. The account ownership transfer is , subject to other provisions in of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner of or owner’s agent prior to notice of an owner’s death. JOINT ACCOUNTS An , any security interest or pledge granted by the account owner by two or more persons is a joint accountowner, and our statutory lien rights.

Appears in 4 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one member (individual individual, corporation, partnership, trust or other organization) organization qualified for Credit Union credit union membership). If the account owner dies, the interest passes, subject to applicable law, to the decedent’s estate of Payable on Death (POD) or beneficiary/payee or trust beneficiary. The account ownership transfer is , subject to other provisions in of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner of or owner’s agent prior to notice of an owner’s death. JOINT ACCOUNTS Joint Accounts. An account owner owned by two or more persons is a joint account.

Appears in 3 contracts

Samples: www.suneast.org, docs.suneast.org, apps.suneast.org

Individual Accounts. An individual account is an account owned by one member (individual or other organization) qualified for Credit Union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s 's estate of or Payable on Death (POD) beneficiary/payee or trust beneficiary. The account ownership transfer is subject to other provisions in this Agreement governing our protection for honoring transfer and withdrawal requests of an owner of or owner’s 's agent prior to notice of an owner’s 's death. JOINT ACCOUNTS An account owner by two or more persons is a joint account.

Appears in 1 contract

Samples: www.nwfcuanytime.com

Individual Accounts. An individual account is an account owned by one member (individual or other organization) who has qualified for Credit Union credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedentaccount owner’s estate of estate, Payable on Death (POD) beneficiary/payee or trust beneficiary. The account ownership transfer is , subject to other provisions in of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner of or owner’s agent prior to notice of an owner’s death. JOINT ACCOUNTS An death and to any security interest or pledge granted by the account owner by two or more persons is a joint accountand subject to our statutory lien rights.

Appears in 1 contract

Samples: Membership Agreement

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Individual Accounts. An individual account is an account owned by one member (individual or other organization) who has qualified for Credit Union credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedent’s account owner's estate of or Payable on Death (POD) beneficiary/payee or trust beneficiary. The account ownership transfer is , subject to other provisions in of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner of or owner’s 's agent prior to notice of an owner’s 's death. JOINT ACCOUNTS An , any security interest or pledge granted by the account owner by two or more persons is a joint accountowner, and our statutory lien rights.

Appears in 1 contract

Samples: Membership and Account Agreement

Individual Accounts. An individual account is an account owned by one member (individual individual, trust, or other organizationfiduciary) qualified for Credit Union credit union membership. If the account owner dies, the interest passes, subject to applicable law, to the decedentaccount owner’s estate of or Payable on Death (POD) beneficiary/payee or trust beneficiary. The account ownership transfer is payee, subject to other provisions in of this Agreement governing our protection for honoring transfer and withdrawal requests of an owner of or owner’s agent prior to notice of an owner’s death. JOINT ACCOUNTS An , and to any security interest or pledge granted by the account owner by two or more persons is a joint accountowner, and subject to our statutory lien and offset rights.

Appears in 1 contract

Samples: Membership and Account Agreement

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