Membership and Accounts. Important Information about Procedures for Opening New Accounts. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask you your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Membership and Accounts. Membership Eligibility
Membership and Accounts. To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask you your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Membership and Accounts. 1. Automated Teller Machine Services (ATMs)
a. ATM Transactions. You may use your Debit Card and your Personal Identification Number ("PIN") in automated teller machines of the Credit Union and the ATM network, CO-OP, PLUS and such other machines or facilities we may designate. At the present time, you may use your Card to make the following transactions on your accounts: Withdraw cash from your savings and checking accounts. At designated ATMs to make deposits, inquiries, or transfers between your savings and checking accounts. Other transactions as offered and permitted in the future. Some of these services may not be available at all ATMs.
Membership and Accounts. 1. Membership Eligibility To be eligible for membership in the Credit Union, you must be an individual or entity qualifying within the Credit Union’s field of membership; have a valid Social Security Number (SSN) or Tax Identification Number (TIN); pay a membership fee and must maintain a share account as required by the Credit Union’s Bylaws. You authorize us to check your account, credit and employment history, and obtain a credit report from third parties, including credit reporting agencies, to verify your eligibility for the accounts and services you request.
2. Account Ownership & Designations The classification and form of ownership of your accounts are designated on your Account Card. Unless you waive your rights, you understand that certain account designations, such as joint ownership with right of survivorship or POD beneficiary may be invalidated upon the Credit Union’s receipt of notice of marriage dissolution or a testamentary disposition, as required by applicable law.
3. Individual Accounts An individual account is an account owned by one depositor including any individual, trust, or other fiduciary relationship qualified for Credit Union membership. If the account is an individual account, the interest of a deceased individual owner will pass, subject to applicable law, to the decedent’s estate or payable on death beneficiary, if applicable.
4. Joint Accounts An account owned by two or more persons is a joint account. Any account in which you request joint ownership with another party will be an individual account until the Credit Union receives an Account Card signed by you and the joint owner(s), at which time the account will be a jointly owned account and the following joint ownership rights will apply.
a. Joint Ownership. Joint owners are not members unless they are eligible and qualified as members. Any joint owner on a share account is authorized as joint owner on all deposit sub-accounts under that membership, unless all owners otherwise designate on a signed Account Card.
Membership and Accounts. 1. Membership eligibility. To be eligible for membership in OCCU, you must be an individual or entity qualifying within OCCU’s field of membership and must purchase and maintain at least one share and pay any membership fee required by OCCU’s bylaws. You authorize us to check your account, credit and employment history, and obtain a credit report from third parties, including credit reporting agencies, or refer to a credit report we previously obtained, to verify your eligib ility for the accounts and services we may offer or you request from time to time.
Membership and Accounts. IDENTIFICATION To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask you your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. MEMBERSHIP ELIGIBILITY To be eligible for membership in the Credit Union, you must be an individual qualifying within the Credit Union’s field of membership as prescribed by the Credit Union’s bylaws. You authorize us to check financial information data and employment history about you by any means allowed by law, including obtaining a credit report or credit score from any consumer reporting agency to verify your eligibility for any accounts and services we offer or you request.
Membership and Accounts. IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the
Membership and Accounts. IDENTIFICATION To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business who opens an account. When you open an account, we will ask you your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. MEMBERSHIP ELIGIBILITY To be eligible for membership in the Credit Union, you must be an individual or entity qualifying within the Credit Union’s field of membership as prescribed by the Credit Union’s bylaws. You authorize us to check financial information data, and employment history about you by any means allowed by law, including obtaining a business or personal credit report or credit score from any reporting agency to verify your eligibility for any accounts and services we offer or you request. NEW MEMBER ELIGIBILITY • Verification of Washington State Business License including “Doing Business As” Registered Trade Name, if applicable; • Evidence of Registration of an Open Account with the Washington State Department of Revenue; and • Primary principal of the business member must be at least 18 years old.
Membership and Accounts. Important Information about Procedures for Opening New Accounts 1 Membership Eligibility 1 Individual Accounts 1 Joint Accounts 1 Pod/Trust Beneficiaries 2 Accounts for Minors 2 Uniform Transfers to Minors Account 2 Accounts for Trusts 2 Estate Accounts 2 Accounts of Businesses and Organizations 3 Deposit Requirements 3 Account Access 4 Account Rates and Fee 5 Transaction Limitations 5 Overdrafts 6 Post Dated and Stale Dated Items 7 Stop Payment Orders 7 Lost Items 8 Credit Union’s Liability for Errors 8 Credit Union Lien and Security Interest 8 Right of Offset 8 Legal Process 9 Account Information 9 Notices 9 Negative Information Notices 9 Taxpayer Identification Numbers (Tin) and Backup Withholding 9 Statements 9 Electronic Communications 10 Dormant Accounts and Unclaimed Property 10 Death of Account Owner 10 Termination of Account 11 Termination of Membership 11 Special Account Instructions 11 Phone Calls 11 Severability 11 Illegal Transactions 12 Enforcement 12 Governing Law 12 Funds Availability Policy General Policy 12 Reservation of Right to Hold 12 Holds on Other Funds 12 Longer Delays May Apply 12 Special Rules for New Accounts 13 Introduction 13 Fone-Teller (Audio Response) Service 13 Preauthorized Electronic Funds Transfers 13 Online Banking Account Access 14 Online Banking Transactions 15 ATM/MasterCard/VISA Debit Cards 16 Service Limits (Cash and Purchases) 16 Illegal Use of Internet Gambling 16 Ownership of Cards 16 Honoring the Card 16 Currency Conversion/Foreign Transaction Fee 16 Business Days 16 Fees and Charges 17 Periodic Statements/Terminal Receipts 17 Account Information Disclosure 17 Credit Union Liability for Failure To Make Transfers 18 Termination of EFT Services 18 Notices 18 Billing Errors for Consumer Accounts 18 Enforcement 19 ATM Safety Notice 19 Facts 19 Security Safeguards 21 Truth in Savings (TIS) Disclosure 22 Substitute Check Policy Disclosure 23 Wire Transfer Terms and Conditions 25 Notice to Visa Check Card holders 26 Information and Application to Agreement for Loan Services 26 University Credit Union Membership and Account Agreement Disclosure Definitions This Agreement is the contract of deposit which covers your and our rights and responsibilities concerning Membership and accounts(s) offered to you. In this Agreement, the words “you” and “yours” mean those who sig...
