Common use of MEMBER FUNDS Clause in Contracts

MEMBER FUNDS. a) Members may deposit money in a Member Safekeeping Account, maintained by FH in accordance with the terms of Section V (b) below, for use in paying for personal items. A Member who receives Medicaid shall receive such personal money as provided in the Medicaid regulations and may have all or any part of these funds deposited into a Safekeeping Account, maintained by FH in accordance with the terms of Section V (b) below, for use in paying for personal items. b) FH makes available to its Members, on a voluntary basis, access to a Member Safekeeping Account. Money deposited into such accounts will be maintained by FH in an interest bearing account and may be withdrawn as cash during Business Office hours and after hours upon request by Member. FH will not be responsible for cash withdrawn by Member. A quarterly statement of account, including deposits, withdrawals and the interest earned and compounded quarterly on the funds in the account, will be provided to you or your representative. If Member funds go into a negative balance, the balance due must be paid immediately. VI.

MEMBER FUNDS. a) Members may deposit money in a Member Safekeeping Account, maintained by FH in accordance with the terms of Section V (b) below, for use in paying for personal items. A Member who receives Medicaid shall receive such personal money as provided in the Medicaid regulations and may have all or any part of these funds deposited into a Safekeeping Account, maintained by FH in accordance with the terms of Section V (b) below, for use in paying for personal items. b) FH makes available to its Members, on a voluntary basis, access to a Member Safekeeping Account. Money deposited into such accounts will be maintained by FH in an interest bearing account and may be withdrawn as cash during Business Office hours and after hours upon request by Member. FH will not be responsible for cash withdrawn by Member. A quarterly statement of account, including deposits, withdrawals and the interest earned and compounded quarterly on the funds in the account, will be provided to you or your representative. If Member funds go into a negative balance, the balance due must be paid immediately. VI.