Common use of Par Value Requirements Clause in Contracts

Par Value Requirements. The Par Value of a membership share, which must be fully paid to become a member or maintain membership or to receive and maintain any accounts or services with us is set forth in the Schedule. The sum of your membership share shall be paid into and retained in your share savings or other appropriate account. The par value is not considered available for withdraw; and does not show in your available funds. The par value can only be withdrawn upon an express request from you, but is otherwise available for payment of your obligations to us and others. Transaction Limitation on All Accounts: No member may withdraw any amount on deposit below the amount of their primary or contingent liability to the Credit Union if they are delinquent as borrower, co-maker, or guarantor, without the Credit Union's written permission. Further, if your account(s) are pledged to us to secure any loan obligation, then you must pay, or, with our permission, renew the loan before any principal or dividends may be withdrawn or transferred. If we allow you to renew a loan secured by such a pledge, you may be required to renew any pledged account or leave the funds on deposit with us until the loan is paid or we specifically release the funds. PRIVACY DISCLOSURE WHAT DOES PALMETTO HEALTH CREDIT UNION DO WITH YOUR PERSONAL INFORMATION? FACTS Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. Why? What? The types of personal information we collect and share depend on the product or service you have with us. This information can include: Social Security number and account balances, transaction history and checking account information, payment history and income. When you are no longer our customer, we continue to share your information as described in this notice. How? All financial companies need to share your personal information to run their everyday business. In the section below, we list the reasons financial companies can share your personal information; the reasons Palmetto Health Credit Union chooses to share; and whether you can limit this sharing. Reasons we can share your Does Palmetto Health Can you limit this sharing? personal information Credit Union share? For our everyday business purposes- such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus YES NO For our marketing purposes- to offer our products and services to you YES NO For joint marketing with other financial companies YES NO For our affiliates everyday business purposes- information about your transactions and experiences YES NO For our affiliates everyday business purposes-information about your creditworthiness NO NO For our affiliates to market to you NO NO For non-affiliates to market to you NO NO To Limit Sharing: • Call (000) 000-0000; • Visit us online at xxx.xxxx.xxx or; • Mail the form below to the address noted Please note: if you are a new member, we can begin sharing your information thirty (30) days from the date we sent this notice. When you are no longer our member, we continue to share your information as described in this notice. However, you can contact us at the means above any time to limit our sharing. Mail-in Form Leave Blank OR If you have a joint account, your choice(s) will apply to everyone on your account unless you mark below  Apply my choices only to me Mark any/all you want to limit:  Do not share information about my creditworthiness with your affiliates for their everyday business purposes.  Do not allow your affiliates to use my personal information to market to me.  Do not share my personal information with non-affiliates to market their products and services to me. Name Mail to: Palmetto Health Credit Union P. O. Box 100167 Address City, State, Account # What we do: How does Palmetto Health Credit Union protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. How does Palmetto Health Credit Union collect my personal information? We collect your personal information, for example, when you: • Open an account or deposit money • Use your debit card Definitions: Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies. • Palmetto Health Credit Union has no affiliates. Non-Affiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies. • Palmetto Health Credit Union does not share with non-affiliates so they can market to you. Joint Marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you. • Our joint marketing partners include insurance companies, investment companies and direct marketing companies.