Common Contracts
2 similar Certificate Agreement contracts
ENT CREDIT UNION CERTIFICATE AGREEMENT TERMS AND CONDITIONSCertificate Agreement • July 1st, 2019
A PENALTY IS IMPOSED if certificate funds other than dividends are withdrawn before the maturity date. The penalty is a forfeiture of earned dividends. If dividends are insufficient to cover the early withdrawal penalty, the remaining portion of the penalty will be deducted from the principal. In the event, the principal balance is reduced below the Minimum Qualifying Amount, the certificate will be closed and the funds transferred to another savings account owned by the member. If the maturity of this certificate is one (1) year or less, the early withdrawal penalty is ninety (90) days forfeiture of dividends. If the maturity of this certificate is more than one (1) year but less than thirty-six (36) months, the early withdrawal penalty is one hundred eighty (180) days forfeiture of dividends. If the maturity of this certificate is thirty-six (36) months or greater, the early withdrawal penalty is three hundred sixty-five (365) days forfeiture of dividends. We may waive the penalty in
ENT CREDIT UNION CERTIFICATE AGREEMENT TERMS AND CONDITIONSCertificate Agreement • July 1st, 2019
A PENALTY IS IMPOSED if certificate funds other than dividends are withdrawn before the maturity date. The penalty is a forfeiture of earned dividends. If dividends are insufficient to cover the early withdrawal penalty, the remaining portion of the penalty will be deducted from the principal. In the event, the principal balance is reduced below the Minimum Qualifying Amount, the certificate will be closed and the funds transferred to another savings account owned by the member. If the maturity of this certificate is one (1) year or less, the early withdrawal penalty is ninety (90) days forfeiture of dividends. If the maturity of this certificate is more than one (1) year but less than thirty-six (36) months, the early withdrawal penalty is one hundred eighty (180) days forfeiture of dividends. If the maturity of this certificate is thirty-six (36) months or greater, the early withdrawal penalty is three hundred sixty-five (365) days forfeiture of dividends. We may waive the penalty in
