MECU Sample Clauses

MECU. The credit union may be liable for all damages to the member if caused by ▇▇▇▇’s failure to make a transfer pursuant to instruction by the member, EXCEPT in the following instances: (a) Your account has insufficient funds to complete the transfer; (b) The funds are subject to encumbrances, such as legal; (c) The terminal has funds insufficient to complete the transfer; (d) The terminal was not working properly when you started the transfer; (e) You have reported your card or PIN lost or stolen, or (f) Your card or PIN is canceled. MECU may be liable for damages for its failure to properly credit deposits made to the account, subject to normal credit union policies and procedures. Under no circumstance shall MECU be liable for any damages where the error or failure is beyond the control of the credit union (flood, fire, etc.), and when due care has been exercised by the credit union or when a mechanical or technical malfunction was known to the member. In the case of any error or malfunction, that was not intentional on MECU’s part, where the result was a good faith error, the credit union’s liability is limited only to actual damages proved.