MEMBERSHIP APPLICATION AUTHORIZATION Sample Clauses

MEMBERSHIP APPLICATION AUTHORIZATION. You authorize Arapahoe Credit Union to check account, credit and employment history and obtain a credit report from third parties, including credit reporting agencies to verify eligibility for the accounts and services you requested. The Internal Revenue Service does not require your consent to any provision of this document other than the certifications required to avoid backup withholding. 1. The number shown on the account card is your correct taxpayer identification number, 2. You are not subject to backup withholding because: a) You are exempt from backup withholding, or b) You have not been notified by the Internal Revenue Service (IRS) that you are subject to backup withholding as a result of a failure to report all interest or dividends, or c) the IRS has notified you that you are no longer subject to backup withholding, and 3. You are a U.S. person (including a U.S resident alien). This disclosure describes your ability to withdraw funds at Arapahoe Credit Union. It only applies to the availability of funds in transaction accounts. The Credit Union reserves the right to delay the availability of funds deposited to accounts that are not transaction accounts for periods longer than those disclosed in this policy. Please ask us if you have a question about which accounts are affected by this policy. 1. GENERAL POLICY— Our policy is to make funds from your cash and check deposits available to you on the next business day after we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash and we will use the funds to pay items that you have authorized. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 5:00 p.m. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 5:00 p.m. or on a day that we are not open, we will consider that the deposit was made on the next business day we are open.