Common use of Electronic Records Clause in Contracts

Electronic Records. You acknowledge and agree that we may in our discretion store all records electronically; and that we will not retain and have no obligation to retain any original documents for any period of time. This applies to all documentation including but not limited to checks, transaction records, notes, mortgages, deeds of trust and other loan and/or security documentation. We will routinely destroy all original documentation. We may store records electronically via imaging, scanning, filming or other technology used in the financial services industry for the storage of documentation via internal processes or third-party processors that we approve for these services. You agree that such storage shall be secure, and further agree that such records shall for all purposes be recognized and admissible in evidence or otherwise to prove the agreements, rights and obligations of the parties pursuant to any such records. “E-Mail” and Facsimile Communications. You acknowledge and agree that the Internet is considered inherently insecure. Therefore, you agree that we have no liability to you whatsoever for any loss, claim or damages arising or in any way related to our response(s) to any e-mail or other electronic communication, which we in good faith believe you have submitted to us. We have no duty to investigate the validity or to verify any e-mail or other electronic communication; and may respond to an e-mail at either the address provided with the communication, the e-mail address in your Membership Application and Signature Card, or any other application or written communication actually received by us. Any account owner, co-borrower, or authorized user may change the e-mail address for statements or other information from us at any time. The Credit Union may not immediately receive e-mail communications that you send. We reserve the right to require any notices from you be submitted to us in writing, and we may refuse to send certain information through unsecured e-mail communications. You expressly consent and agree to us, our agents or any parties we authorize sending and you are receiving any communications hereunder by facsimile or other electronic methods including any offers for Credit Union, affiliate or third party services and/or products.

Electronic Records. You To facilitate electronic commerce, to reduce the expense of records storage, and to obtain the benefits of faster access to records, you acknowledge and agree that we may in our Our discretion store all records electronically; and that we will not retain and have no obligation to retain any original documents for any period of time. This applies to all documentation including but not limited to checks, transaction records, notes, mortgages, deeds of trust and other loan and/or security documentation. We You further acknowledge and understand that we will routinely destroy all original documentation. We may store records electronically via imaging, scanning, filming or other technology used in the financial services Services industry for the storage of documentation via internal processes or third-party processors that we approve for these servicesServices. You agree that such our storage shall shall, if proper procedures are followed, be regarded as secure, and further agree that such records shall for all purposes be recognized and admissible in evidence or otherwise to prove the agreements, rights and obligations of the parties pursuant to any such records. “ELinks to Other Sites Our website may contain links to third party websites. These links are provided solely as a convenience to you and not as an endorsement by the Credit Union of the contents on such third-Mail” party websites. Credit Union is not responsible for the content or support of linked third-party sites and Facsimile Communicationsdoes not make any representations regarding the content or accuracy of materials on such third party websites. If you decide to access linked third-party websites, you do so at your own risk. Security Procedures You agree that the Security Procedures listed below are commercially reasonable. You agree that we will use such procedures to detect an unauthorized request prior to accepting your request. You agree that any request acted upon by us in compliance with the Security Procedures, whether or not authorized by you, shall be treated as your authorized request and we will not be liable to you for having acted upon the request. You acknowledge and agree that the Internet is considered inherently insecure. Therefore, you agree that we have no liability to you whatsoever for any loss, claim or damages arising or in any way related to our response(s) to any e-mail or other electronic communication, which we in good faith believe you have submitted to us. We have no duty to investigate the validity or to verify any e-mail or other electronic communication; and may respond to an e-mail at either the address provided with the communication, the e-mail address in your Membership Application and Signature Card, or any other application or written communication actually received by us. Any account owner, co-borrower, or authorized user may change the e-mail address for statements or other information from us at any time. The Credit Union may not immediately receive e-mail communications that you send. We reserve the right to require any notices change our Security Procedures from you be submitted time to us in writing, and we may refuse to send certain information through unsecured e-mail communications. You expressly consent and agree to us, our agents or any parties we authorize sending and you are receiving any communications hereunder by facsimile or other electronic methods including any offers for Credit Union, affiliate or third party services and/or productstime.

Electronic Records. You To facilitate electronic commerce, to reduce the expense of records storage, and to obtain the benefits of faster access to records, you acknowledge and agree that we may in our Our discretion store all records electronically; and that we will not retain and have no obligation to retain any original documents for any period of time. This applies to all documentation including but not limited to checks, transaction records, notes, mortgages, deeds of trust and other loan and/or security documentation. We You further acknowledge and understand that we will routinely destroy all original documentation. We may store records electronically via imaging, scanning, filming or other technology used in the financial services Services industry for the storage of documentation via internal processes or third-party processors that we approve for these servicesServices. You agree that such our storage shall shall, if proper procedures are followed, be regarded as secure, and further agree that such records shall for all purposes be recognized and admissible in evidence or otherwise to prove the agreements, rights and obligations of the parties pursuant to any such records. “ELinks to Other Sites Our website may contain links to third party websites. These links are provided solely as a convenience to you and not as an endorsement by the Credit Union of the contents on such third-Mail” party websites. Credit Union is not responsible for the content or support of linked third-party sites and Facsimile Communicationsdoes not make any representations regarding the content or accuracy of materials on such third party websites. If you decide to access linked third-party websites, you do so at your own risk. Security Procedures You agree that the Security Procedures listed below are commercially reasonable. You agree that we will use such procedures to detect an unauthorized request prior to accepting your request. You agree that any request acted upon by us in compliance with the Security Procedures, whether or not authorized by you, shall be treated as your authorized request and we will not be liable to you for having acted upon the request. You acknowledge that we reserve the right to change our Security Procedures from time to time. Protection of Security Procedures You are strictly and solely responsible to establish and maintain procedures to safeguard against unauthorized transmissions of requests. You warrant that no individual will be allowed to initiate requests in the absence of proper supervision and safeguards, and agree to take reasonable steps to maintain the confidentiality of the Security Procedures and of any passwords, codes, security devices and related instructions provided by us in connection with the Security Procedures. If you believe or suspect that the Internet is considered inherently insecure. Thereforeany such information or instructions are known or have been accessed by unauthorized persons, you agree that we have no liability shall notify us immediately. Security Access We will assign a User ID and Password to you whatsoever the designated Company Administrator. However, the first time the Company Administrator logs on to the Online Business Banking, he or she will be prompted to immediately change the password. You will be responsible for any liability, loss, claim or damages arising or damage resulting from our actions in accordance with instructions to us from any way related to our response(s) to any e-mail or other electronic communication, which we in good faith believe person you have submitted to usauthorized as a Company end-user. We have no duty to investigate You shall promptly notify us of any suspected compromise of security involving the validity or to verify any e-mail or other electronic communication; passwords and may respond to an e-mail at either the address provided with the communication, the e-mail address in your Membership Application and Signature Card, or any other application or written communication actually received by us. Any account owner, co-borrower, or authorized user may change the e-mail address for statements or other information from us at any timeID’s assigned. The Credit Union may not immediately receive e-mail communications is authorized to rely on your Password to identify you when you use Online Business Banking and as signature authorization for any transactions performed. For security purposes, it is recommended that you sendmemorize this Password and do not write it down. It is recommended, that you change the passwords you assign to your employees on a regular basis, but no less frequently than 90 days. You agree to deactivate anyone who has had access to Online Business Banking and is no longer employed or authorized by you to use the Services. You are responsible for keeping your Password and account data confidential. If you believe that your Password may have been lost or stolen, or that someone has transferred or may transfer money from your account without your permission, immediately notify the Credit Union’s Business Services (see How to Contact Us below for phone numbers and addresses). Additionally, the designated Company Administrator will be able to determine which employees will have access to the various functions. The Credit Union recommends that you limit access to each function as appropriate; however, each individual may have access to multiple functions. You will be responsible for identifying those individuals who will be authorized to utilize the ACH Credit and Debit Entries and/or Wire Transfer functions. The Credit Union is authorized to rely on individual Passwords as signature authorization for any transactions performed. You further agree never to leave your computer unattended while logged on to Online Business Banking, and always log off when you are finished. Enhanced Login Security Enhanced Login Security adds an additional level of security by identifying you as the true “owner” of your accounts through the use of cookies placed on your computer/browser, identifying it as one you use to access the Services. This feature strengthens the security measures we already employ and helps prevent unauthorized access to the online system. If the system does not recognize your computer, you will be challenged for additional authentication information known only by you. If you do not successfully complete this process, you will not be granted access to the online system. Reliance on Third Parties Our ability to provide certain Services (e.g., in connection with electronic data interchange) is dependent upon our ability to obtain or provide access to third party networks. In the event any third party network is unavailable or we determine, in our discretion, that we cannot continue providing any third party network access, we may discontinue the related Services or may provide the Services through an alternate third party network. In such situations, we will have no liability for the unavailability of access. We reserve the right to require will not be responsible for any notices services you receive from you be submitted to us in writing, and we may refuse to send certain information through unsecured e-mail communications. You expressly consent and agree to us, our agents or any parties we authorize sending and you are receiving any communications hereunder by facsimile or other electronic methods including any offers for Credit Union, affiliate or third party services and/or productsvendors.

Electronic Records. You To facilitate electronic commerce, to reduce the expense of records storage, and to obtain the benefits of faster access to records, you acknowledge and agree that we may in our Our discretion store all records electronically; and that we will not retain and have no obligation to retain any original documents for any period of time. This applies to all documentation including but not limited to checks, transaction records, notes, mortgages, deeds of trust and other loan and/or security documentation. We You further acknowledge and understand that we will routinely destroy all original documentation. We may store records electronically via imaging, scanning, filming or other technology used in the financial services industry for the storage of documentation via internal processes or third-party processors that we approve for these services. You agree that such our storage shall shall, if proper procedures are followed, be regarded as secure, and further agree that such records shall for all purposes be recognized and admissible in evidence or otherwise to prove the agreements, rights and obligations of the parties pursuant to any such records. “ELinks to Other Sites Our website may contain links to third party websites. These links are provided solely as a convenience to you and not as an endorsement by the Credit Union of the contents on such third-Mail” party websites. Credit Union is not responsible for the content or support of linked third -party sites and Facsimile Communicationsdoes not make any representations regarding the content or accuracy of materials on such third party websites. If you decide to access linked third-party websites, you do so at your own risk. Security Procedures You agree that the Security Procedures listed below are commercially reasonable. You agree that we will use such procedures to detect an unauthorized request prior to accepting your request. You agree that any request acted upon by us in compliance with the Security Procedures, whether or not authorized by you, shall be treated as your authorized request and we will not be liable to you for having acted upon the request. You acknowledge and agree that the Internet is considered inherently insecure. Therefore, you agree that we have no liability to you whatsoever for any loss, claim or damages arising or in any way related to our response(s) to any e-mail or other electronic communication, which we in good faith believe you have submitted to us. We have no duty to investigate the validity or to verify any e-mail or other electronic communication; and may respond to an e-mail at either the address provided with the communication, the e-mail address in your Membership Application and Signature Card, or any other application or written communication actually received by us. Any account owner, co-borrower, or authorized user may change the e-mail address for statements or other information from us at any time. The Credit Union may not immediately receive e-mail communications that you send. We reserve the right to require any notices change our Security Procedures from you be submitted time to us in writing, and we may refuse to send certain information through unsecured e-mail communications. You expressly consent and agree to us, our agents or any parties we authorize sending and you are receiving any communications hereunder by facsimile or other electronic methods including any offers for Credit Union, affiliate or third party services and/or productstime.

Electronic Records. You To facilitate electronic commerce, to reduce the expense of records storage, and to obtain the benefits of faster access to records, you acknowledge and agree that we may in our Our discretion store all records electronically; and that we will not retain and have no obligation to retain any original documents for any period of time. This applies to all documentation including but not limited to checks, transaction records, notes, mortgages, deeds of trust and other loan and/or security documentation. We You further acknowledge and understand that we will routinely destroy all original documentation. We may store records electronically via imaging, scanning, filming or other technology used in the financial services industry for the storage of documentation via internal processes or third-party processors that we approve for these services. You agree that such our storage shall shall, if proper procedures are followed, be regarded as secure, and further agree that such records shall for all purposes be recognized and admissible in evidence or otherwise to prove the agreements, rights and obligations of the parties pursuant to any such records. “ELinks to Other Sites Our website may contain links to third party websites. These links are provided solely as a convenience to you and not as an endorsement by the Credit Union of the contents on such third -party websites. Credit Union is not responsible for the content or support of linked third-Mail” party sites and Facsimile Communicationsdoes not make any representations regarding the content or accuracy of materials on such third party websites. If you decide to access linked third-party websites, you do so at your own risk. Security Procedures You agree that the Security Procedures listed below are commercially reasonable. You agree that we will use such procedures to detect an unauthorized request prior to accepting your request. You agree that any request acted upon by us in compliance with the Security Procedures, whether or not authorized by you, shall be treated as your authorized request and we will not be liable to you for having acted upon the request. You acknowledge and agree that the Internet is considered inherently insecure. Therefore, you agree that we have no liability to you whatsoever for any loss, claim or damages arising or in any way related to our response(s) to any e-mail or other electronic communication, which we in good faith believe you have submitted to us. We have no duty to investigate the validity or to verify any e-mail or other electronic communication; and may respond to an e-mail at either the address provided with the communication, the e-mail address in your Membership Application and Signature Card, or any other application or written communication actually received by us. Any account owner, co-borrower, or authorized user may change the e-mail address for statements or other information from us at any time. The Credit Union may not immediately receive e-mail communications that you send. We reserve the right to require any notices change our Security Procedures from you be submitted time to us in writing, and we may refuse to send certain information through unsecured e-mail communications. You expressly consent and agree to us, our agents or any parties we authorize sending and you are receiving any communications hereunder by facsimile or other electronic methods including any offers for Credit Union, affiliate or third party services and/or productstime.