Common use of Transaction Requirements and Limitations Clause in Contracts

Transaction Requirements and Limitations. After a Certificate is purchased, you may generally not make deposits into or withdraw principal from that Certificate until the maturity date. If a withdrawal of principal must be made prior to the maturity date of any Certificate, the entire account balance must be withdrawn. In addition, an early withdrawal penalty will be assessed, as discussed in Subsection F above. The Credit Union reserves the right to require a member intending to make a withdrawal from a Certificate account to give written notice of such intent up to sixty (60) days before such withdrawal unless the withdrawal is made on the maturity date or within seven days thereafter. Certificates may not be pledged, transferred, or assigned to any party other than the Credit Union. If a Certificate Disclosure Statement is issued for a Certificate account, the terms and conditions set forth on that Disclosure shall in any case of conflict take precedence over the terms and conditions set forth in this Agreement.

Transaction Requirements and Limitations. After a. The Start ‘N Grow Certificate requires an automatic deposit transfer from another Credit Union account in an amount between $50 and $300 at least once per month. Deposits other than these automatic transfers will not be allowed nor will catch- up transfers be allowed. Automatic transfers may be temporarily discontinued and reinstated. b. Other than the Start ‘N Grow Certificate, after a Certificate certificate is purchased, you may generally not make deposits into or withdraw principal from that the Certificate until the maturity date. If a withdrawal of principal must be made prior to the maturity date of any Certificatecertificate, the entire account balance must be withdrawn. In addition, an early withdrawal penalty will be assessed, as discussed in Subsection F above. The Credit Union reserves the right to require a member intending to make a withdrawal from a Certificate certificate account to give written notice of such intent up to sixty (60) days before such withdrawal unless the withdrawal is made on the maturity date or within seven (7) days thereafter. Certificates may not be pledged, transferred, or assigned to any party other than the Credit Union. If a Certificate Disclosure Statement certificate disclosure statement is issued for a Certificate certificate account, the terms and conditions set forth on that Disclosure disclosure shall in any case of conflict take precedence over the terms and conditions set forth in this Agreementagreement.