Common use of Membership Agreement Clause in Contracts

Membership Agreement. You agree to conform to Mission Fed’s Bylaws and any amendments and maintain a $1 share in the Credit Union. You authorize Mission Fed to check your accounts, credit, employment history, and to obtain a consumer report from third parties, including consumer reporting agencies, now and in the future, to verify your eligibility for accounts and services and to verify person(s) transacting on your behalf for certain account types. Based upon information received from third parties and/or the general risk associated with the account, Mission Fed may limit accounts and/or services at any time. You understand Mission Fed has the right to deny membership and/or the establishment of share accounts and is under no obligation to approve the establishment of any account. Reason for denial will be disclosed to you, if requested. Mission Fed may require specific information regarding the nature of your anticipated account activity, the source of your funds, the purpose of your transactions, in addition to other questions to understand the nature of your financial activity; we reserve the right to refuse to accept any deposit to your account at any time. You agree to immediately inform Mission Fed if your name or address changes. You authorize the Credit Union to contact the Department of Motor Vehicles (DMV), or locator services, to obtain your current address in the event you move and do not inform Mission Fed of your new address. Fees for locator services will be charged to your account, refer to the Consumer Fee Schedule. You agree to be responsible for actual attorneys’ fees and court costs if Mission Fed finds it necessary to take legal action against you to recover monies due as a result of your improper handling of your accounts. You understand that a joint account permits all members, without the consent of the other(s), to make deposits to or withdrawals from all shares and loans under the master membership account number including but not limited to savings, checking, certificates, and the ability to make advances from Credit Cards and Lines of Credit, or to close any account. You further understand that in a joint account, all members may pledge these funds as collateral security for a loan or loans with this Credit Union. You understand all shares will be owned jointly, with right of survivorship and payment to any of you shall be valid, and you discharge Mission Fed from any liability for such payment. You also understand removal of any joint member for reason other than death can be accomplished only through closure of the membership account and opening of a new membership account.

Membership Agreement. You agree to conform to Mission Fed’s Bylaws and any amendments and maintain a $1 share in the Credit Union. You authorize Mission Fed to check your accounts, credit, employment history, and to obtain a consumer report from third parties, including consumer reporting agencies, now and in the future, to verify your eligibility for accounts and services and to verify person(s) transacting on your behalf for certain account types. Based upon information received from third parties and/or the general risk associated with the accountparties, Mission Fed may limit accounts and/or services at any time. You understand Mission Fed has the right to deny membership and/or the establishment of share accounts and is under no obligation to approve the establishment of any account. Reason for denial will be disclosed to you, if requested. Mission Fed may require specific information regarding the nature of your anticipated account activity, the source of your funds, the purpose of your transactions, in addition to other questions to understand the nature of your financial activity; we reserve the right to refuse to accept any deposit to your account at any time. You agree to immediately inform Mission Fed if your name or address changes. You authorize the Credit Union to contact the Department of Motor Vehicles (DMV), or locator services, to obtain your current address in the event you move and do not inform Mission Fed of your new address. Fees for locator services will be charged to your account, refer to the Consumer Fee Schedule. You agree to be responsible for actual attorneys’ fees and court costs if Mission Fed finds it necessary to take legal action against you to recover monies due as a result of your improper handling of your accounts. You understand that a joint account permits all members, without the consent of the other(s), to make deposits to or withdrawals from all shares and loans under the master membership account number including but not limited to savings, checking, certificates, and the ability to make advances from Credit Cards and Lines of Credit, or to close any account. You further understand that in a joint account, all members may pledge these funds as collateral security for a loan or loans with this Credit Union. You understand all shares will be owned jointly, with right of survivorship and payment to any of you shall be valid, and you discharge Mission Fed from any liability for such payment. You also understand removal of any joint member for reason other than death can be accomplished only through closure of the membership account and opening of a new membership account.

Membership Agreement. You agree to conform to Mission Fed’s Bylaws and any amendments and maintain a $1 25 share in the Credit Union. You authorize Mission Fed to check your accounts, credit, employment history, and to obtain a consumer report from third parties, including consumer reporting agencies, now and in the future, to verify your eligibility for accounts and services and to verify person(s) transacting on your behalf for certain account types. Based upon information received from third parties and/or the general risk associated with the accountparties, Mission Fed may limit accounts and/or services at any time. You understand Mission Fed has the right to deny membership and/or the establishment of share accounts and is under no obligation to approve the establishment of any account. Reason for denial will be disclosed to you, if requested. Mission Fed may require specific information regarding the nature of your anticipated account activity, the source of your funds, the purpose of your transactions, in addition to other questions to understand the nature of your financial activity; we reserve the right to refuse to accept any deposit to your account at any time. You agree to immediately inform Mission Fed if your name or address changes. You authorize the Credit Union to contact the Department of Motor Vehicles (DMV), or locator services, to obtain your current address in the event you move and do not inform Mission Fed of your new address. Fees for locator services will be charged to your account, refer to the Consumer Fee Schedule. You agree to be responsible for actual attorneys’ fees and court costs if Mission Fed finds it necessary to take legal action against you to recover monies due as a result of your improper handling of your accounts. You understand that a joint account permits all members, without the consent of the other(s), to make deposits to or withdrawals from all shares and loans under the master membership account number including but not limited to savings, checking, certificates, and the ability to make advances from Credit Cards and Lines of Credit, or to close any account. You further understand that in a joint account, all members may pledge these funds as collateral security for a loan or loans with this Credit Union. You understand all shares will be owned jointly, with right of survivorship and payment to any of you shall be valid, and you discharge Mission Fed from any liability for such payment. You also understand removal of any joint member for reason other than death can be accomplished only through closure of the membership account and opening of a new membership account.