Member Opt-Out. A Member that does not wish to continue membership under the Capital Plan must provide the Finance Agency and the Bank with a Notice of Withdrawal no later than the Opt-out Date. The membership of an institution that files a Notice of Withdrawal with the Finance Agency on or before the Opt-out Date shall terminate on the earlier of the Conversion Date or the date six months from the date the Notice of Withdrawal was filed with the Finance Agency. The Member shall not be subject to a Membership Stock Requirement on the Conversion Date but shall be subject to the Activity Based Stock Requirement so long as any advance or other transaction remains recorded on the Bank’s books and records, provided, however, that the Activity Based Stock Requirement for a Member that has submitted a Notice of Withdrawal on or before the Opt-Out Date shall be the lesser of the requirement in effect prior to the Conversion Date or the requirement under this Capital Plan. The Bank’s receipt of the Notice of Withdrawal commences the five-year redemption period for all Activity Based Stock held by that Member. Any Member filing a Notice of Withdrawal with the Finance Agency after the Opt-out Date and before the Conversion Date shall have its existing stock converted into Capital Stock on the Conversion Date as required by the Capital Plan. The effective date of withdrawal for such Member shall be five years from the receipt of the Notice of Withdrawal and the five-year redemption period shall commence on receipt of the Notice of Withdrawal.
Member Opt-Out. You or a joint owner on your account may choose at any time not to participate in our Privilege Pay service by notifying us. This Opt Out request will remain in effect until you or your joint owner on the account requests that Privilege Pay be added to the account. In the event of conflicting requests for the checking account owners, we may decline to extend the Privilege Pay ser vice. *Limitations: We may limit the number of accounts eligible for the Privilege Pay service to one account per household. In addition, this service does not constitute an actual or implied agreement between you and the Credit Union. This service represents a purely discretionary courtesy or privilege that the Credit Union may provide to you from time to time and which may be withdrawn or withheld by us at any time without prior notice or reason or cause.
Member Opt-Out. You may choose at any time not to participate in our Courtesy Pay Program by notifying us in writing. You or a joint owner on your Account may decline this service by signing an Account Change Card and initialing and dating the Opt-Out section. This Opt-Out will remain in effect until you or your joint owner on the Checking Account signs a form revoking the Opt-Out and requesting that Courtesy Pay be added to the Account. In the event of conflicting requests from the owners of the Checking Account, we may decline to extend the Courtesy Pay Program on the Account; however, we have the option to honor the most recent written request.
Member Opt-Out. You may choose at any time not to participate in our Overdraft Privilege Service by notifying one of our member service representatives.
