Common use of Joint or Multiple Party Account with Right of Survivorship Clause in Contracts

Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, is opened by two or more parties, or if one or more parties are added to a Single Party Account after the account is opened, the account will be a Joint or Multiple Party Account with Right of Survivorship. All funds deposited into any such account, including any earnings thereon, shall be owned by the Parties jointly with all others who have signed the Application or other account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all Parties to the account. On the death of a Party, all sums in the account on the date of the death vest in and belong to the surviving Party or Parties as their separate property and estate, subject to any lien we have for the deceased Party’s obligations to us, regardless of whether any of the surviving Parties have consented to our lien. The Parties to a Joint or Multiple Party Account with Right of Survivorship own the account in proportion to the Parties’ net contributions to the account. Payment of any sums to any Party shall be valid and discharge the Credit Union from any and all liability for such payment. The Credit Union may accept instructions from any Party or act at the request of any Party with regard to any such account without the consent of any other Party to the account. Each Party authorizes all other Parties to the account to act on his or her behalf with respect to the account and to endorse any instrument payable to him or her for deposit to any such account. Without the consent or joinder of any other Party and without regard to the interest in the account of any other Party, any Party to the account may (i) make deposits to or withdraw funds from the account, (ii) place stop payment orders with respect to any items drawn on the account by any Party to the account, (iii) pledge all of the shares and deposits in eligible accounts to secure any indebtedness owing to us, or (iv) designate an account to provide overdraft protection for any other account. In the event that any account may be accessed by means of an electronic fund transfer, including the use of a debit card issued in connection with the account or the use of any phone or Online or Mobile Banking access, each Party grants to every other Party actual authority to initiate any such transfer, to use any such debit card issued or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone or Online or Mobile Banking access. A member in whose name a Joint or Multiple Party Account with Right of Survivorship is opened who designates other Parties to own the account jointly may, without notice to any other Party of such account and upon written notice to the Credit Union in such form as the Credit Union may require, change the form of the account, add Parties to the account, remove any Parties from the account or stop or vary payment under the terms of the account. Any such action by that member will terminate any interest that the removed Party may have in such account. At its option, the Credit Union may require that an account be closed and a new account opened in lieu of permitting a member to remove any other Party from the account or the Credit Union may require the consent of any or all Parties prior to acting upon any written notification or instruction by a member to remove that Party from an account. No other Party to a Multiple Party Account may make any such change, addition or deletion and no other Party to a Joint or Multiple Party Account with Right of Survivorship may close the primary member Owner’s regular share account or withdraw funds from the primary member Owner’s regular share account below the par value of one share. The Parties agree that the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Party, regardless of whether any other Party is incapacitated or deceased. The Credit Union makes no representation concerning the legal consequences or effectiveness of the survivorship rights described above, including any consequences arising out of the community property laws of any state and you agree to hold us harmless from any loss or liability in connection with any survivorship designation. You understand that you should consult with your attorney if you have any questions regarding the validity, effectiveness or fitness of any such survivorship designation for any purpose.

Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, Account is opened by two or more partiesParties, or if one or more parties Parties are added to a Single Party Account after the account Account is opened, the account Account will be a Joint or Multiple Party Account with Right of Survivorship. The Owners of the Account own the Account in equal undivided interests. All funds deposited into any such accountAccount, including any earnings thereon, shall be owned by the Parties Owners jointly with all others who have signed the Application or other account authorization, with right of survivorship. A You understand that a survivorship designation may be ineffective unless signed by all Parties to Owners of the accountAccount. On the death of a Partyan Owner, all sums in the account Account on the date of the death vest in and belong to the surviving Party or Parties Owner(s) as their separate property and estate, subject to any lien we have for the deceased Party’s obligations to us, regardless of whether any of the surviving Parties Owners have consented to our lien. The Parties to a Joint or Multiple Party Account with Right of Survivorship own the account in proportion to the Parties’ net contributions to the accountconsented. Payment of any sums to any Party shall be valid and discharge the Credit Union from any and all liability for such payment. The Credit Union may accept instructions from any Party or act at the request of any Party with regard to any such account Joint Account without the consent of any other Party to the accountAccount. Each Party authorizes all other Parties to the account Account to act on his or her behalf with respect to the account Account and to endorse any instrument payable to him or her for deposit to any such accountAccount. Without the consent or joinder joining of any other Party and without regard to the interest in the account Account of any other Party, any Party to the account Account may (i) make deposits to or withdraw funds from the accountAccount, (ii) place stop payment orders with respect to any items drawn on the account Account by any Party to the accountAccount, (iii) if the Party is an Owner, pledge all of the shares and deposits in eligible accounts Accounts to secure any indebtedness owing to us, or (iv) if the Party is an Owner, designate an account Account to provide overdraft protection for from any other Account, (v) authorize or decline courtesy pay on a checking account, or (vi) authorize or decline the payment of one-time debit card transactions or ATM transactions that result in an overdraft. In the event that any account Account may be accessed by means of an electronic fund transfer, including the use of a an ATM or debit card issued in connection with the account Account or the use of any phone telephone or Online online banking, text banking or Mobile Banking accessmobile banking program, each Party grants to every other Party actual authority to initiate any such transfer, to use any such ATM or debit card issued issued, or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone telephone, or Online online banking, text banking or Mobile Banking accessmobile banking program. A member Member/Owner in whose name a Joint or Multiple Party Account with Right of Survivorship is opened who designates other Parties to own the account Account jointly may, without notice to any other Party of such account Account and upon written notice to the Credit Union in such form as the Credit Union may require, change the form of the accountAccount, add Parties to the accountAccount, or remove any Parties from the account or stop or vary payment under the terms of the accountAccount. Any such action by that member will terminate any interest that the removed Party may have in such accountAccount. At its option, the Credit Union may require that an account Account be closed and a new account Account opened in lieu of permitting a member Member/Owner to remove any other Party from the account Account, or the Credit Union may require the consent of any or all Parties prior to acting upon any written notification or instruction by a member Member/Owner to add or remove that a Party or beneficiary from an accountAccount. No other Party to a Joint or Multiple Party Account may make any such change, addition addition, or deletion deletion, and no other Party to a Joint or Multiple Party Account with Right of Survivorship may close the primary member a Member/Owner’s 's regular share account savings Account or withdraw funds from the primary member Member/Owner’s regular share account savings Account below the par value of one share. The Parties parties agree that the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Party, regardless of whether any other Party is Parties are incapacitated or deceased. The Credit Union makes no representation concerning the legal consequences or effectiveness of the survivorship rights described aboveherein, including any consequences arising out of the community property laws of any state state, and you agree to hold us harmless from any loss or liability in connection with any survivorship designation. You understand that you should consult with your attorney if you have any questions question regarding the validity, effectiveness effectiveness, or fitness of any such survivorship designation for any purpose. In the event one of the Owners of the account dies, the credit union may not accept items made payable to the decedent or accept electronic deposits on behalf of the decedent. A separate estate account will have to be opened for the decedent’s estate to receive these funds.

Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, Account is opened by two or more parties, or if one or more parties are added to a Single Party Account after the account Account is opened, the account Account will be a Joint or Multiple Party Account with Right of Survivorship. All funds deposited into any such accountAccount, including any earnings thereon, shall be owned by the Parties parties jointly with all others who have signed the Application or other account Account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all Parties parties to the accountAccount. On the death of a Partyparty, all sums in the account Account on the date of the death vest in and belong to the surviving Party party or Parties parties as their separate property and estate, subject to any lien we have for the deceased Partyparty’s obligations to us, regardless of whether any of the surviving Parties parties have consented to our lien. The Parties parties to a Joint or Multiple Party Account with Right of Survivorship own the account Account in proportion to the Partiesparties’ net contributions to the accountAccount. Payment of any sums to any Party party shall be valid and discharge the Credit Union from any and all liability for such payment. The Credit Union may accept instructions from any Party party or act at the request of any Party party with regard to any such account Account without the consent of any other Party party to the accountAccount. Each Party party authorizes all other Parties parties to the account Account to act on his or her behalf with respect to the account Account and to endorse any instrument payable to him or her for deposit to any such accountAccount. Without the consent or joinder of any other Party party and without regard to the interest in the account Account of any other Partyparty, any Party party to the account Account may (i) make deposits to or withdraw funds from the account, (ii) place stop payment orders with respect to any items drawn on the account by any Party to the account, (iii) pledge all of the shares and deposits in eligible accounts to secure any indebtedness owing to us, or (iv) designate an account to provide overdraft protection for any other account. In the event that any account may be accessed by means of an electronic fund transfer, including the use of a debit card issued in connection with the account or the use of any phone or Online or Mobile Banking access, each Party grants to every other Party actual authority to initiate any such transfer, to use any such debit card issued or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone or Online or Mobile Banking access. A member in whose name a Joint or Multiple Party Account with Right of Survivorship is opened who designates other Parties to own the account jointly may, without notice to any other Party of such account and upon written notice to the Credit Union in such form as the Credit Union may require, change the form of the account, add Parties to the account, remove any Parties from the account or stop or vary payment under the terms of the account. Any such action by that member will terminate any interest that the removed Party may have in such account. At its option, the Credit Union may require that an account be closed and a new account opened in lieu of permitting a member to remove any other Party from the account or the Credit Union may require the consent of any or all Parties prior to acting upon any written notification or instruction by a member to remove that Party from an account. No other Party to a Multiple Party Account may make any such change, addition or deletion and no other Party to a Joint or Multiple Party Account with Right of Survivorship may close the primary member Owner’s regular share account or withdraw funds from the primary member Owner’s regular share account below the par value of one share. The Parties agree that the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Party, regardless of whether any other Party is incapacitated or deceased. The Credit Union makes no representation concerning the legal consequences or effectiveness of the survivorship rights described above, including any consequences arising out of the community property laws of any state and you agree to hold us harmless from any loss or liability in connection with any survivorship designation. You understand that you should consult with your attorney if you have any questions regarding the validity, effectiveness or fitness of any such survivorship designation for any purpose.Account,

Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, Account is opened by two or more partiesOwners, or if one or more parties Owners are added to a Single Party an Account after the account Account is opened, the account Account will be a Joint or Multiple Party Account with Right of Survivorship. All funds deposited into any such accountAccount, including any earnings thereon, shall be owned by the Parties Primary Member jointly with all others other Owners who have signed the Application or other account Account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all Parties to Owners of the accountAccount. On the death of a Partyan Owner, all sums in the account Account on the date of the death vest in and belong to the surviving Party or Parties Owner(s) as their separate property and estate, subject to any lien we have for the deceased PartyOwner’s obligations to us, us and regardless of whether any of the surviving Parties Owners have consented to our such lien. The Parties to Owners of a Joint or Multiple Party Account with Right of Survivorship own the account Account in proportion to the Parties’ their net contributions to the accountAccount. Payment of any sums to any Party shall be valid and discharge the Credit Union from any and all liability for such payment. The Except as otherwise provided in this Agreement, the Credit Union may accept instructions from any Party or act at the request of any Party with regard to any such account Account without the consent of any other Party to the accountAccount. Each The Credit Union may require the consent of one or more Owners before permitting any Party to take certain actions. Except as provided in this Agreement, each Owner authorizes all other Account Parties to the account to act on his or her behalf with respect to the account Account and to endorse any instrument payable to him or her for deposit to any such accountAccount. Without the consent or joinder of any other Party Owner and without regard to the interest in the account Account of any other PartyOwner, any Party to the account Account may (i) make deposits to or withdraw funds from the accountAccount, (ii) place stop payment orders with respect to any Account items drawn on the account by any Party to the accountAccount Party, (iii) pledge all of the shares and deposits dividends in eligible accounts Accounts to secure any indebtedness owing to us, or (iv) designate an account to provide overdraft protection for any other account. In the event that any account may be accessed by means of an electronic fund transfer, including the use of a debit card issued in connection with the account or the use of any phone or Online or Mobile Banking access, each Party grants to every other Party actual authority to initiate any such transfer, to use any such debit card issued or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone or Online or Mobile Banking access. A member in whose name a Joint or Multiple Party Account with Right of Survivorship is opened who designates other Parties to own the account jointly may, without notice to any other Party of such account and upon written notice to the Credit Union in such form as the Credit Union may require, change the form of the account, add Parties to the account, remove any Parties from the account or stop or vary payment under the terms of the account. Any such action by that member will terminate any interest that the removed Party may have in such account. At its option, the Credit Union may require that an account be closed and a new account opened in lieu of permitting a member to remove any other Party from the account or the Credit Union may require the consent of any or all Parties prior to acting upon any written notification or instruction by a member to remove that Party from an account. No other Party to a Multiple Party Account may make any such change, addition or deletion and no other Party to a Joint or Multiple Party Account with Right of Survivorship may close the primary member Owner’s regular share account or withdraw funds from the primary member Owner’s regular share account below the par value of one share. The Parties agree that the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Party, regardless of whether any other Party is incapacitated or deceased. The Credit Union makes no representation concerning the legal consequences or effectiveness of the survivorship rights described above, including any consequences arising out of the community property laws of any state and you agree to hold us harmless from any loss or liability in connection with any survivorship designation. You understand that you should consult with your attorney if you have any questions regarding the validity, effectiveness or fitness of any such survivorship designation for any purpose.or

Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, Account is opened by two or more partiesParties, or if one or more parties Parties are added to a Single Party Account after the account Account is opened, the account Account will be a Joint or Multiple Party Account with Right of Survivorship. The Owners of the Account own the Account in equal undivided interests. All funds deposited into any such accountAccount, including any earnings thereon, shall be owned by the Parties Owners jointly with all others who have signed the Application or other account authorization, with right of survivorship. A You understand that a survivorship designation may be ineffective unless signed by all Parties to Owners of the accountAccount. On the death of a Partyan Owner, all sums in the account Account on the date of the death vest in and belong to the surviving Party or Parties Owner(s) as their separate property and estate, subject to any lien we have for the deceased Party’s obligations to us, regardless of whether any of the surviving Parties Owners have consented to our lien. The Parties to a Joint or Multiple Party Account with Right of Survivorship own the account in proportion to the Parties’ net contributions to the accountconsented. Payment of any sums to any Party shall be valid and discharge the Credit Union from any and all liability for such payment. The Credit Union may accept instructions from any Party or act at the request of any Party with regard to any such account Joint Account without the consent of any other Party to the accountAccount. Each Party authorizes all other Parties to the account Account to act on his or her behalf with respect to the account Account and to endorse any instrument payable to him or her for deposit to any such accountAccount. Without the consent or joinder joining of any other Party and without regard to the interest in the account Account of any other Party, any Party to the account Account may (i) make deposits to or withdraw funds from the accountAccount, (ii) place stop payment orders with respect to any items drawn on the account Account by any Party to the accountAccount, (iii) if the Party is an Owner, pledge all of the shares and deposits in eligible accounts Accounts to secure any indebtedness owing to us, or (iv) if the Party is an Owner, designate an account Account to provide overdraft protection for from any other Account, (v) authorize or decline courtesy pay on a checking account, or (vi) authorize or decline the payment of one-time debit card transactions or ATM transactions that result in an overdraft. In the event that any account Account may be accessed by means of an electronic fund transfer, including the use of a an ATM or debit card issued in connection with the account Account or the use of any phone telephone or Online online banking or Mobile Banking accessmobile banking program, each Party grants to every other Party actual authority to initiate any such transfer, to use any such ATM or debit card issued issued, or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone telephone, or Online online banking or Mobile Banking accessmobile banking program. A member Member/Owner in whose name a Joint or Multiple Party Account with Right of Survivorship is opened who designates other Parties to own the account Account jointly may, without notice to any other Party of such account Account and upon written notice to the Credit Union in such form as the Credit Union may require, change the form of the accountAccount, add Parties to the accountAccount, or remove any Parties from the account or stop or vary payment under the terms of the accountAccount. Any such action by that member will terminate any interest that the removed Party may have in such accountAccount. At its option, the Credit Union may require that an account Account be closed and a new account Account opened in lieu of permitting a member Member/Owner to remove any other Party from the account Account, or the Credit Union may require the consent of any or all Parties prior to acting upon any written notification or instruction by a member Member/Owner to add or remove that a Party or beneficiary from an accountAccount. No other Party to a Joint or Multiple Party Account may make any such change, addition addition, or deletion deletion, and no other Party to a Joint or Multiple Party Account with Right of Survivorship may close the primary member a Member/Owner’s 's regular share account savings Account or withdraw funds from the primary member Member/Owner’s regular share account savings Account below the par value of one share. The Parties parties agree that the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Party, regardless of whether any other Party is Parties are incapacitated or deceased. The Credit Union makes no representation concerning the legal consequences or effectiveness of the survivorship rights described aboveherein, including any consequences arising out of the community property laws of any state state, and you agree to hold us harmless from any loss or liability in connection with any survivorship designation. You understand that you should consult with your attorney if you have any questions question regarding the validity, effectiveness effectiveness, or fitness of any such survivorship designation for any purpose. In the event one of the Owners of the account dies, the credit union may not accept items made payable to the decedent or accept electronic deposits on behalf of the decedent. A separate estate account will have to be opened for the decedent’s estate to receive these funds.

Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, Account is opened by two or more partiesParties, or if one or more parties Parties are added to a Single Party Account after the account Account is opened, the account Account will be a Joint or Multiple Party Account with Right of Survivorship. The Owners of the Account own the Account in proportion to the Owners’ net contributions to the Account. All funds deposited into any such accountAccount, including any earnings thereon, shall be owned by the Parties Owners jointly with all others who have signed the Application or other account authorization, with right of survivorshipsurvivor- ship. A You understand that a survivorship designation may be ineffective unless signed by all Parties to Owners of the accountAccount. On the death of a Partyan Owner, all sums in the account Account on the date of the death vest in and belong to the surviving Party or Parties Owner(s) as their separate property and estate, subject to any lien we have for the deceased Party’s obligations to us, regardless of whether any of the surviving Parties Owners have consented to our lien. The Parties to a Joint or Multiple Party Account with Right of Survivorship own the account in proportion to the Parties’ net contributions to the accountconsented. Payment of any sums to any Party shall be valid and discharge the Credit Union from any and all liability for such payment. The Credit Union may accept instructions from any Party or act at the request of any Party with regard to any such account Joint Account without the consent of any other Party to the accountAccount. Each Party authorizes all other Parties to the account Account to act on his or her behalf with respect to the account Account and to endorse any instrument payable to him or her for deposit to any such accountAccount. Without the consent or joinder of any other Party and without regard to the interest in the account Account of any other Party, any Party to the account Account may (i) make deposits to or withdraw funds from the accountAccount, (ii) place stop payment orders with respect to any items drawn on the account Ac- count by any Party to the accountAccount, (iii) if the Party is an Owner, pledge all of the shares and deposits in eligible accounts Accounts to secure any indebtedness owing to us, or (iv) if the Party is an Owner, designate an account Account to provide overdraft protection for any other accountAccount. In the event that any account Account may be accessed by means of an electronic fund transfer, including the use of a an ATM or debit card issued in connection with the account Account or the use of any phone telephone or Online computer home banking or Mobile Banking accessmobile banking program, each Party grants to every other Party actual authority to initiate any such transfer, to use any such ATM or debit card issued issued, or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone telephone, or Online computer home banking or Mobile Banking accessmobile banking program. A member Primary Member in whose name a Joint or Multiple Party Account with Right of Survivorship is opened who designates other Parties to own the account Account jointly may, without notice to any other Party of such account Account and upon written notice to the Credit Union in such form as the Credit Union may require, change the form of the accountAccount, add Parties to the accountAccount, or remove any Parties from the account or stop or vary payment under the terms of the accountAccount. Any such action by that member will terminate any interest that the removed Party may have in such accountAccount. At its option, the Credit Union may require that an account Account be closed and a new account Account opened in lieu of permitting a member Primary Member to remove any other Party from the account Account, or the Credit Union may require the consent of any or all Parties prior to acting upon any written notification or instruction by a member Primary Member to add or remove that a Party or beneficiary from an accountAccount. No other Party to a Joint or Multiple Party Account may make any such change, addition addition, or deletion deletion, and no other Party to a Joint or Multiple Party Account with Right of Survivorship may close the primary member Ownera Primary Member’s regular share account Account or withdraw funds from the primary member OwnerPrimary member’s regular share account Share Account below the par value of one share. The Parties parties agree that the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Party, regardless regard- less of whether any other Party is Parties are incapacitated or deceased. The Credit Union makes no representation concerning the legal consequences or effectiveness of the survivorship rights described aboveherein, including any consequences arising out of the community commu- nity property laws of any state state, and you agree to hold us harmless from any loss or liability in connection with any survivorship designationdes- ignation. You understand that you should consult with your attorney if you have any questions question regarding the validity, effectiveness effectiveness, or fitness of any such survivorship designation for any purpose.

Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, Account is opened by two or more parties, or if one or more parties are added to a Single Party Account after the account Account is opened, the account Account will be a Joint or Multiple Party Account with Right of Survivorship. All funds deposited into any such accountAccount, including any earnings thereon, shall be owned by the Parties parties jointly with all others who have signed the Application or other account Account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all Parties parties to the accountAccount. On the death of a Partyparty, all sums in the account Account on the date of the death vest in and belong to the surviving Party party or Parties parties as their separate property and estate, subject to any lien we have for the deceased Partyparty’s obligations to us, regardless of whether any of the surviving Parties parties have consented to our lien. The Parties parties to a Joint or Multiple Party Account with Right of Survivorship own owns the account Account in proportion to the Partiesparties’ net contributions to the accountAccount. Payment of any sums to any Party party shall be valid and discharge the Credit Union from any and all liability for such payment. The Credit Union may accept instructions from any Party party or act at the request of any Party party with regard to any such account Account without the consent of any other Party party to the accountAccount. Each Party party authorizes all other Parties parties to the account Account to act on his or her behalf with respect to the account Account and to endorse any instrument payable to him or her for deposit to any such accountAccount. Without the consent or joinder of any other Party party and without regard to the interest in the account Account of any other Partyparty, any Party party to the account Account may (i) make deposits to or withdraw funds from the accountAccount, (ii) place stop payment orders with respect to any items drawn on the account Account by any Party party to the accountAccount, (iii) pledge all of the shares and deposits in eligible accounts Accounts to secure any indebtedness owing to us, or (iv) designate an account Account to provide overdraft protection for any other accountAccount. In the event that any account Account may be accessed by means of an electronic fund transfer, including the use of a an ATM or debit card issued in connection with the account Account or the use of any phone telephone or Online computer home banking or Mobile Banking accessmobile access program, each Party party grants to every other Party party actual authority to initiate any such transfer, to use any such ATM or debit card issued issued, or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone telephone, or Online computer home banking or Mobile Banking accessmobile access program. A member in whose name a Joint or Multiple Party Account with Right of Survivorship is opened who designates other Parties parties to own the account Account jointly may, without notice to any other Party party of such account Account and upon written notice to the Credit Union in such form as the Credit Union may require, change the form of the accountAccount, add Parties parties to the accountAccount, or remove any Parties parties from the account or stop or vary payment under the terms of the accountAccount. Any such action by that member will terminate any interest that the removed Party party may have in such accountAccount. At its option, the Credit Union may require that an account Account be closed and a new account Account opened in lieu of permitting a member to remove any other Party party from the account Account, or the Credit Union may require the consent of any or all Parties parties prior to acting upon any written notification or instruction by a member to remove that Party party from an accountAccount. No other Party party to a Multiple Party multiple party Account may make any such change, addition addition, or deletion and no other Party to a Joint or Multiple Party Account with Right of Survivorship may close the primary member Owner’s regular share account or withdraw funds from the primary member Owner’s regular share account below the par value of one sharedeletion. The Parties parties agree that that, subject to applicable law, the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Partyparty, regardless of whether any other Party is parties are incapacitated or deceased. The Credit Union makes no representation concerning the legal consequences or effectiveness of the survivorship rights described above, including any consequences arising out of the community property laws of any state and you agree to hold us harmless from any loss or liability in connection with any survivorship designation. You understand that you should consult with your attorney if you have any questions question regarding the validity, effectiveness effectiveness, or fitness of any such survivorship designation for any purpose.

Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, is opened by two or more parties, or if one or more parties are added to a Single Party Account after the account is opened, the account will be a Joint or Multiple Party Account with Right of Survivorship, as noted on the CD Certificate. All funds deposited into any such account, including any earnings thereon, shall be owned by the Parties jointly with all others who have signed the Application or other account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all Parties to the account. On the death of a Party, all sums in the account on the date of the death vest in and belong to the surviving Party or Parties as their separate property and estate, subject to any lien we have for the deceased Party’s obligations to us, regardless of whether any of the surviving Parties have consented to our lien. The Parties to a Joint or Multiple Party Account with Right of Survivorship own the account in proportion to the Parties’ net contributions to the account. Payment of any sums to any Party shall be valid and discharge the Credit Union from any and all liability for such payment. The Credit Union may accept instructions from any Party or act at the request of any Party with regard to any such account without the consent of any other Party to the account. Each Party authorizes all other Parties to the account to act on his or her behalf with respect to the account and to endorse any instrument payable to him or her for deposit to any such account. Without the consent or joinder of any other Party and without regard to the interest in the account of any other Party, any Party to the account may (i) make deposits to or withdraw funds from the account, (ii) place stop payment orders with respect to any items drawn on the account by any Party to the account, (iii) pledge all of the shares and deposits in eligible accounts to secure any indebtedness owing to us, or (iv) designate an account to provide overdraft protection for any other account. In the event that any account may be accessed by means of an electronic fund transfer, including the use of a debit card issued in connection with the account or the use of any phone or Online or Mobile Banking access, each Party grants to every other Party actual authority to initiate any such transfer, to use any such debit card issued or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone or Online or Mobile Banking access. Any Party may voluntarily remove him or herself from any Joint or Multiple Party Account by notification to us in writing. A Party shall remain responsible for any outstanding obligations existing at the time of removal. A member in whose name a Joint or Multiple Party Account with Right of Survivorship is opened who designates other Parties to own the account jointly may, without notice withoutnotice to any other Party of such account and upon written notice to the Credit Union in such form as the Credit Union may require, change the form of the account, add Parties to the account, remove any Parties from the account or stop or vary payment under the terms of the account. Any such action by that member will terminate any interest that the removed Party may have in such account. At its option, the Credit Union may require that an account be closed closed, and a new account opened in lieu of permitting a member to remove any other Party from the account or the Credit Union may require the consent of any or all Parties prior to acting upon any written notification or instruction by a member to remove that Party from an account. No other Party to a Multiple Party Account may make any such change, addition or deletion and no other Party to a Joint or Multiple Party Account with Right of Survivorship may close the primary member Owner’s regular share account or withdraw funds from the primary member Owner’s regular share account below the par value of one share. The Parties agree that the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Party, regardless of whether any other Party is incapacitated or deceased. The Credit Union makes no representation concerning the legal consequences or effectiveness of the survivorship rights described above, including any consequences arising out of the community property laws of any state and you agree to indemnify and hold us harmless from any loss or liability in connection with any survivorship designation. You understand that you should consult with your attorney if you have any questions regarding the validity, effectiveness effectiveness, or fitness of any such survivorship designation for any purpose.

Joint or Multiple Party Account with Right of Survivorship. If an account, other than a CD, Account is opened by two or more partiesOwners, or if one or more parties Owners are added to a Single Party Account after the account Account is opened, the account Account will be a Joint or Multiple Party Account with Right of Survivorship. All funds deposited into any such accountAccount, including any earnings thereon, shall be owned by the Parties Primary Member jointly with all others other Owners who have signed the Application or other account authorization, with right of survivorship. A survivorship designation may be ineffective unless signed by all Parties Owners to the accountAccount. On the death of a Partyan Owner, all sums in the account Account on the date of the death vest in and belong to the surviving Party or Parties Owner(s) as their separate property and estate, subject to any lien we have for the deceased PartyOwner’s obligations to us, us and regardless of whether any of the surviving Parties Owners have consented to our such lien. The Parties Owners to a Joint or Multiple Party the Account with Right of Survivorship own the account Account in proportion to the PartiesOwners’ net contributions to the accountAccount. Payment of any sums sum to any Party shall be valid and discharge the Credit Union from any and all liability for such payment. The Except as otherwise provided in this Agreement, the Credit Union may accept instructions from any Party or act at the request of any Party with regard to any such account Account without the consent of any other Party to the accountAccount. Each Party Owner authorizes all other Parties to the account Account to act on his or her behalf with respect to the account Account and to endorse any instrument payable to him or her for deposit to any such accountAccount. Without the consent or joinder of any other Party Owner and without regard to the interest in the account Account of any other PartyOwner, any Party to the account Account may (i) make deposits to or withdraw funds from the accountAccount, (ii) place stop payment orders with respect to any items drawn on the account Account by any Party to the accountAccount Party, (iii) pledge all of the shares and deposits dividends in eligible accounts Accounts to secure any indebtedness owing to us, or (iv) designate an account Account to provide overdraft protection for any other accountAccount. In the event that any account Account may be accessed by means of an electronic fund transfer, including the use of a debit card Check Card issued in connection with the account Account or the use of any phone telephone, computer or Online or Mobile Banking accessmobile access program, each Party Owner grants to every other Party actual authority to initiate any such transfer, to use any such debit card issued Check Card issued, or to use any Personal Identification Number (“PIN”) issued in connection with any such card, phone telephone, computer, or Online or Mobile Banking accessmobile access program. A member The Primary Member in whose name a Joint or Multiple Party Account with Right of Survivorship is opened who designates other Parties to own the account jointly may, without notice to any other Party of such account Account and upon written notice to the Credit Union in such form as the Credit Union may require, change the form of the accountAccount, add Parties to the accountAccount, and remove any Parties from the account or stop or vary payment under the terms of the accountAccount. Any such action by that member the Primary Member will terminate any interest that the removed Party may have in such accountAccount. At its option, the Credit Union may require that an account Account be closed and a new account Account opened in lieu of permitting a member Primary Member to remove any other Party from the account Account, or the Credit Union may require the consent of any one or all more Account Parties prior to acting upon any written notification or instruction by a member Primary Member to remove that a Party from an accountAccount. No other Party to a Multiple Party Account with Right of Survivorship may make any such change, addition addition, or deletion deletion, and no other Party to a Joint or Multiple Party Account with Right of Survivorship may close the primary member Owner’s regular Primary Member's membership share account Account or withdraw funds from the Primary Member’s primary member Owner’s regular share account Share Account below the par value of one share. The Parties agree that the Credit Union may pay funds in any Joint or Multiple Party Account with Right of Survivorship to or on the order of any Party, regardless of whether any other Party is Parties are incapacitated or deceased. The Credit Union makes no representation concerning the legal consequences or effectiveness of the survivorship rights described abovein this section, including any consequences arising out of the community property laws of any state state, and you agree to hold us harmless from any loss or liability in connection with any survivorship designation. You understand that you should consult with your a qualified attorney if you have any questions question regarding the validity, effectiveness effectiveness, or fitness of any such survivorship designation for any purpose.