Common use of Closing the Account Clause in Contracts

Closing the Account. Any Party to an account may close the account at any time; provided, however, that no Joint Owner may close the Primary Savings Account of a member or reduce the balance of any such account below the par value of one share, unless authorized by the Credit Union. Your right to close an account is subject to any statutory or contractual lien existing in the Credit Union’s favor and any legal process levied against any such account. If we pay any item or payment order after your account is closed, you agree to reimburse us. The Credit Union may close an account at any time and disburse funds on deposit in any such account to the Owners of the account in any manner it deems appropriate if (a) any of the events set forth in the preceding paragraphs eight (8) or ten (10) should arise, (b) the Credit Union believes it may suffer a loss if the account is not closed or we believe that the volume of account activity exceeds that which we can reasonably and safely process, (c) the Credit Union determines that any Party to the account or claiming an interest in the account has been abusive in the use of the account or in the conduct of his/her affairs with the Credit Union, (d) our attempts to verify your identity have failed, (e) you do not cooperate with our reasonable requests in connection with maintenance of your account or (f) there has been a change in account ownership or a change with regard to the persons authorized to sign on the account.

Closing the Account. Any Party to an account Account Owner may close the account an Account at any time; provided, however, that no Joint Owner may close . We reserve the Primary Savings Account of a member or reduce right to require the balance written consent of any such account below the par value of one share, unless authorized by the Credit Unionor all Account Owners to close a Joint or Multiple Party Account. Your right to close an account Account is subject to any statutory or contractual lien existing in the Credit Union’s our favor and any legal process levied against any such accountAccount. If we pay any item or payment order after your account Account is closed, you agree to reimburse us. The Credit Union We may close an account Account at any time and disburse funds on deposit in any such account Account to the Owners of the account Account or in satisfaction of any obligation owing to us, in any manner it deems appropriate we deem appropriate, if (ai) any of the events set forth in the preceding paragraphs eight (8) Sections 10 or ten (10) 13 should arise, (bii) the Credit Union believes it we believe that we may suffer a loss if the account Account is not closed or we believe that the volume of account Account activity exceeds that which we can reasonably and safely process, (ciii) the Credit Union determines we determine that any Party to the account Account or any other party claiming an interest in the account Account has been abusive in the use of the account Account or in the conduct of his/his or her affairs with the Credit Union, (div) our attempts to verify your a Party’s identity have failed, (ev) you do not cooperate with our reasonable requests in connection with maintenance of your account Account, or (fvi) there has been a change in account Account ownership or a change with regard to the persons authorized to sign on the accountAccount.

Closing the Account. Any Party to Owner of an account Account may close the account Account at any time; providedtime upon providing a verbal or written notice to the Credit Union. However, however, that no a Joint Owner may close the Primary Savings membership share Account of only if he/she is a member or reduce Joint Owner on the balance of any such account below the par value of one share, unless authorized by the Credit Unionmembership share Account. Your right to close an account Account is subject to any statutory or contractual lien existing in the Credit Union’s favor and any legal process levied against any such accountAccount. If we pay any item or payment order after your account Account is closed, you agree to reimburse us. The Credit Union may close an account Account at any time and disburse disperse funds on deposit in any such account Account to the Owners of the account Account in any manner it deems appropriate appropriate, if (a) any of the events set forth in the preceding paragraphs eight (8) paragraph 5, 7, 8, or ten (10) 10 should arise, ; (b) the Credit Union believes that it may suffer a loss if the account Account is not closed or we believe that the volume of account Account activity exceeds that which we can reasonably and safely process, ; (c) the Credit Union determines that any Party member or that any Owner to the account or party claiming an interest in the account Account has been abusive in the use of the account Account or in the conduct of his/his or her affairs with the Credit Union, ; (d) our attempts to verify your identity have failed, ; (e) you do not cooperate with our reasonable requests in connection with maintenance of your account Account; or (f) there has been a change in account Account ownership or a change with regard to the persons authorized to sign on the accountAccount.