Common use of Notice to Credit Union Clause in Contracts

Notice to Credit Union. You agree that the Credit Union's retention of checks does not alter or waive your responsibility to examine your statements and check copies or the time limit for notifying the Credit Union of any errors. The statement will be considered correct for all purposes and the Credit Union will not be liable for any payment made or charge to your account unless you notify the Credit Union in writing within the above time limit after the statement and checks are made available to you. Inactive and Abandoned Accounts. If your account falls below any applicable minimum balance and you have not made any transactions over a period specified in the Truth-in-Savings Disclosure or Schedule of Fees and Charges, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee as set forth in the Truth-in-Savings Disclosure or Schedule of Fees and Charges for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Notice to Credit Union. You agree that the Credit Union's retention of checks does not alter or waive your responsibility to examine your statements and check copies or the time limit for notifying the Credit Union of any errors. The statement will be considered correct for all purposes and the Credit Union will not be liable for any payment made or charge to your account unless you notify the Credit Union in writing within the above time limit after the statement and checks are made available to you. Inactive and Abandoned Accounts. If your you have an account falls below any applicable minimum balance and that you have not made any transactions over a period specified in withdrawal from, deposit to, renewal of, or transfer involving your account for more than 1 year (12 months) the Truth-in-Savings Disclosure or Schedule of Fees and Charges, we Credit Union may classify your account as inactive or dormant. Unless prohibited by applicable law, we and may charge a an inactive account service fee as allowed by applicable law and set forth in on the Truth-in-Savings Disclosure or “Schedule of Fees and Charges for processing your inactive accountCharges”. If we impose your account is classified as inactive and the Credit Union has been unable to contact you by regular mail during this period, the Credit Union may classify your account as dormant and may charge a fee, we will notify you, dormant account service fee as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by lawlaw and set forth on the “Schedule of Fees and Charges”. Thereafter, we reserve the right to transfer dividends or interest will not be paid on the account funds to an account payable and to suspend if the balance falls below any further account statementsminimum balance requirement. If a deposit or withdrawal has not been made on the account and we account, you have not otherwise indicated an interest in the account, or the Credit Union has had no other sufficient contact with you within five (5) years as required by the period specified by state lawUniform Unclaimed Property Act, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have the Credit Union has no further liability to you for such funds and if funds. If you choose to reclaim such funds, you must apply to the appropriate state agency.

Notice to Credit Union. You agree that the Credit Union's ’s retention of checks or drafts does not alter or waive your responsibility to examine your statements and check copies or the time limit for notifying the Credit Union us of any errors. The statement will be considered correct for all purposes purposes, and the Credit Union we will not be liable for any payment made or charge to your account unless you notify the Credit Union us in writing within the above time limit after for notifying us of any errors. If you fail to receive a periodic statement, you agree to notify us within 14 days of the statement and checks are made available to youtime you regularly receive a statement. Inactive and Abandoned Accounts. INACTIVE/DORMANT ACCOUNTS If your account falls below any applicable minimum balance and and/or you have not made any transactions over a period specified in the Truth-in-in- Savings Disclosure or Fee Schedule of Fees and ChargesDisclosure, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee fee, as set forth in the Truth-in-Savings Fees Schedule Disclosure or Schedule of Fees and Charges for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds funds, and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Notice to Credit Union. You agree that the Credit Union's retention of checks does not alter or waive your responsibility to examine your statements and check copies or the time limit for notifying the Credit Union of any errors. The statement will be considered correct for all purposes and the Credit Union will not be liable for any payment made or charge to your account unless you notify the Credit Union in writing within the above time limit after the statement and checks are made available to you. Inactive and Abandoned Accounts. If your account falls below any applicable minimum balance and you have not made any transactions over a period specified in the Truth-in-Savings Disclosure or Schedule of Fees and Charges, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee up to the amount as set forth in the Truth-in-Savings Disclosure or Schedule of Fees and Charges for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Notice to Credit Union. You agree that the Credit Union's ’s retention of checks drafts does not alter or waive your responsibility to examine your statements and check copies or the time limit for notifying the Credit Union us of any errors. The statement will be considered correct for all purposes and the Credit Union we will not be liable for any payment made or charge to your account unless you notify the Credit Union us in writing within the above time limit after for notifying us of any errors. If you fail to receive a periodic statement you agree to notify us within fourteen (14) days of the statement and checks are made available to youtime you regularly receive a statement. Inactive and Abandoned Accounts. INACTIVE ACCOUNTS – If your account falls below any applicable minimum balance and you have not made any transactions over a period specified in the Truth-in-Savings Disclosure Rate and Fee Schedule (which may be obtained at any location, online or Schedule of Fees and Chargesrequested by mail) during which we have been unable to contact you by regular mail, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee as set forth in on the Truth-in-Savings Disclosure Rate and Fee Schedule (which may be obtained at any location, online or Schedule of Fees and Charges requested by mail) for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known addressaddress or through email. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency. SPECIAL ACCOUNT INSTRUCTIONS – You may request that we facilitate certain trust, will, or court-ordered account arrangements. However, because we do not give legal advice, we cannot counsel you as to which account arrangement most appropriately meets the specific requirements of your trust, will, or court order. If you ask us to follow any instructions that we believe might expose us to claims, lawsuits, expenses, liabilities, or damages, whether directly or indirectly, we may refuse to follow your instructions or may require you to indemnify us or post a bond or provide us with other protection. Account changes requested by you, or any account owner, such as adding or closing an account or service, must be evidenced by a signed Account Change form and accepted by us. TERMINATION OF ACCOUNT – We may terminate your account at any time without notice to you or may require you to close your account and apply for a new account if: (1) there is a change in owners or authorized signers; (2) there has been or believed to be a forgery or fraud reported or committed involving your account (to include but not limited to online channels); (3) there is a dispute as to the ownership of the account or of the funds in the account; (4) any share drafts are lost or stolen; (5) there are excessive returned unpaid items not covered by an overdraft protection plan; (6) there has been any misrepresentation or any other abuse of any of your accounts; (7) we reasonably deem it necessary to prevent a loss to us; or (8) your account has been engaged in unlawful Internet gambling or any other illegal activity. You may terminate a single party account by giving written notice. We reserve the right to require the consent of all owners to terminate a multiple party account. We are not responsible for payment of any draft, withdrawal, or other item after your account is terminated, however, if we pay an item after termination, you agree to reimburse us.

Notice to Credit Union. You agree that the Credit Union's ’s retention of checks drafts does not alter or waive your responsibility to examine your statements and check copies or the time limit for notifying the Credit Union of any errors. The statement will be considered correct for all purposes and the Credit Union will not be liable for any payment made or charge to your account unless you notify the Credit Union in writing within the above time limit after for notifying the statement and checks are made available to youCredit Union of any errors. Inactive and Abandoned Accounts. INACTIVE ACCOUNTS If your cumulative account falls balance is below any applicable minimum balance the amount disclosed on the Fee Schedule and you have not made any transactions over a period specified in of time designated on the Truth-in-Savings Disclosure or Schedule of Fees and ChargesFee Schedule, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we We may charge a service an Inactive Account fee as set forth in disclosed on the Truth-in-Savings Disclosure or Schedule of Fees and Charges Fee Schedule, for processing your inactive account. If we impose a fee, we will notify you, as required by law, at you on your last known addressnext statement. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we We reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds funds, and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Notice to Credit Union. You agree that the Credit Union's ’s retention of checks drafts does not alter or waive your responsibility to examine your statements and check draft copies or the time limit for notifying the Credit Union of any errors. The statement will be considered correct for all purposes and the Credit Union will not be liable for any payment made or charge charged to your account unless you notify the Credit Union in writing within the above time limit after the statement and checks are made available to you. Inactive Electronic Statements (E-Statements). If your statement is provided electronically, you will be sent an e-mail notice that will direct you to the website where you may access, review, print and otherwise copy/download your periodic statements using procedures we authorize. E-mails from us will be sent to the electronic mail address provided by the account owner. Dormant and Abandoned Accounts. If your account is inactive for a period of time as defined in the Fee schedule, the account may be classified as inactive (checking or money market accounts) or dormant (savings accounts) and a fee may be applied. Thereafter, dividends or interest will not be paid on the account if the balance falls below any applicable minimum balance requirements. Accounts will continue to incur the monthly maintenance fee until closed by the member or funds are depleted and you have not made any transactions over a period specified in the Truth-in-Savings Disclosure or Schedule of Fees and Charges, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee as set forth in Credit Union closes the Truth-in-Savings Disclosure or Schedule of Fees and Charges for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another an available share or access account of yours to cover any service feesthe monthly maintenance fee, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statementsnecessary. If a deposit or withdrawal has not been made on the account and we have the Credit Union has had no other sufficient contact with you within for five (5) years as required by the period specified by state lawUniform Unclaimed Property Act, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have the Credit Union has no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Notice to Credit Union. You agree that the Credit Union's retention of checks does not alter or waive your responsibility to examine your statements and check copies or the time limit for notifying the Credit Union of any errors. The statement will be considered correct for all purposes and the Credit Union will not be liable for any payment made or charge to your account unless you notify the Credit Union in writing within the above time limit after the statement and checks are made available to you. Inactive and Abandoned Accounts. If your you have an account falls below any applicable minimum balance and that you have not made any transactions over a period specified in withdrawal from, deposit to, renewal of, or transfer involving your account for more than 1 year (12 months) the Truth-in-Savings Disclosure or Schedule of Fees and Charges, we Credit Union may classify your account as inactive or dormant. Unless prohibited by applicable law, we and may charge a an inactive account service fee as allowed by applicable law and set forth in on the Truth-in-Savings Disclosure or “Rate Addendum and Schedule of Fees and Charges for processing your inactive accountCharges”. If we impose your account is classified as inactive and the Credit Union has been unable to contact you by regular mail during this period, the Credit Union may classify your account as dormant and may charge a fee, we will notify you, dormant account service fee as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by lawlaw and set forth on the “Rate Addendum and Schedule of Fees and Charges”. Thereafter, we reserve the right to transfer dividends or interest will not be paid on the account funds to an account payable and to suspend if the balance falls below any further account statementsminimum balance requirement. If a deposit or withdrawal has not been made on the account and we account, you have not otherwise indicated an interest in the account, or the Credit Union has had no other sufficient contact with you within five (5) years as required by the period specified by state lawUniform Unclaimed Property Act, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have the Credit Union has no further liability to you for such funds and if funds. If you choose to reclaim such funds, you must apply to the appropriate state agency.

Notice to Credit Union. You agree that the Credit Union's retention of checks does not alter or waive your responsibility to examine your statements and check copies or the time limit for notifying the Credit Union of any errors. The statement will be considered correct for all purposes and the Credit Union will not be liable for any payment made or charge to your account unless you notify the Credit Union in writing within the above time limit after the statement and checks are made available to you. Inactive and Abandoned Accounts. If your you have an account falls below any applicable minimum balance and that you have not made any transactions over a period specified in withdrawal from, deposit to, renewal of, or transfer involving your account for more than 2 years (24 months) the Truth-in-Savings Disclosure or Schedule of Fees and Charges, we Credit Union may classify your account as inactive or dormant. Unless prohibited and may charge an inactive account service fee as allowed by applicable lawlaw and set forth on the “Member Fee Schedule”. If your account is classified as inactive and the Credit Union has been unable to contact you by regular mail during this period, we the Credit Union may classify your account as dormant and may charge a dormant account service fee as allowed by law and set forth in on the Truth-in-Savings Disclosure “Member Fee Schedule”. Thereafter, dividends or Schedule of Fees and Charges for processing your inactive account. If we impose a fee, we interest will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer not be paid on the account funds to an account payable and to suspend if the balance falls below any further account statementsminimum balance requirement. If a deposit or withdrawal has not been made on the account and we account, you have not otherwise indicated an interest in the account, or the Credit Union has had no other sufficient contact with you within five (5) years as required by the period specified by state lawUniform Unclaimed Property Act, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have the Credit Union has no further liability to you for such funds and if funds. If you choose to reclaim such funds, you must apply to the appropriate state agency.

Notice to Credit Union. You agree that the Credit Union's retention of checks does not alter or waive your responsibility to examine your statements and check copies or the time limit for notifying the Credit Union of any errors. The statement will be considered correct for all purposes and the Credit Union will not be liable for any payment made or charge charged to your account unless you notify the Credit Union in writing within the above time limit after the statement and checks are made available to you. Inactive and Abandoned Accounts. If your account falls below any applicable minimum balance and you have not made any transactions over a period specified in the Truth-in-Savings Disclosure or Schedule of Fees Rate and ChargesFee Schedule, we may classify your account as inactive or dormant. Unless prohibited by applicable law, we may charge a service fee as set forth in the Truth-in-Savings Disclosure or Rate and Fee Schedule of Fees and Charges for processing your inactive account. If we impose a fee, we will notify you, as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, we reserve the right to transfer the account funds to an account payable and to suspend any further account statements. If a deposit or withdrawal has not been made on the account and we have had no other sufficient contact with you within the period specified by state law, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the state, we have no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.

Notice to Credit Union. You agree that the Credit Union's retention of checks does not alter or waive your responsibility to examine your statements and check copies or the time limit for notifying the Credit Union of any errors. The statement will be considered correct for all purposes and the Credit Union will not be liable for any payment made or charge to your account unless you notify the Credit Union in writing within the above time limit after the statement and checks are made available to you. Inactive and Abandoned Accounts. If your you have an account falls below any applicable minimum balance and that has been deemed abandoned under Massachusetts law, that you have not made any transactions over a withdrawal from, deposit to, renewal of, or transfer involving your account for a period specified in of three years, the Truth-in-Savings Disclosure or Schedule of Fees and Charges, we Credit Union may classify your account as inactive or dormant. Unless prohibited by applicable law, we and may charge a an inactive account service fee as allowed by applicable law and set forth in on the Truth-in-Savings Disclosure or “Schedule of Fees and Charges for processing your inactive accountCharges”. If we impose your account is classified as inactive and the Credit Union has been unable to contact you by regular mail during this period, and there has been no activity in 12 months, the Credit Union may classify your account as inactive and may charge a fee, we will notify you, inactive account service fee as required by law, at your last known address. You authorize us to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by lawlaw and set forth on the “Schedule of Fees and Charges”. Thereafter, we reserve the right to transfer dividends or interest will not be paid on the account funds to an account payable and to suspend if the balance falls below any further account statementsminimum balance requirement. If a deposit or withdrawal has not been made on the account and we account, you have not otherwise indicated an interest in the account, or the Credit Union has had no other sufficient contact with you within three (3) years as required by the period specified by state lawCommonwealth of Massachusetts, the account will be presumed to be abandoned. Funds in abandoned accounts will be reported and remitted in accordance with state law. Once funds have been turned over to the stateCommonwealth, we have the Credit Union has no further liability to you for such funds and if funds. If you choose to reclaim such funds, you must apply to the appropriate state agencyCommonwealth of Massachusetts.