Common use of Renewal Policy Clause in Contracts

Renewal Policy. All Certificate accounts will automatically be renewed on the initial or any subsequent renewal maturity date, unless otherwise directed by you, or the Credit Union shall, prior to maturity, give you written notice that the Certificate will not be renewed. The interest rate and Annual Percentage Yield (APY) to be paid upon renewal shall be determined by the Credit Union at or before maturity, and written notice of the renewal rate shall be mailed, or provided electronically, to you no later than two (2) business days after maturity. Other than Special Rate Certificates, all other terms and conditions, including the length of the term of the Certificate, shall be the same as the original Certificate unless the Credit Union shall, prior to maturity, give written notice of a change in such terms and conditions. The renewal term for Special Rate Certificates will be provided in the terms of the offer and at the time the Certificate is opened. There is a seven (7) day grace period for withdrawals from Certificates after maturity. If the Certificate is presented for payment on its maturity date or within seven (7) days thereafter, no penalty shall be imposed but no interest shall be earned after the maturity date. If the Certificate is not renewed, at maturity, the funds will be transferred to your Regular Savings Account in the Credit Union, or other account designated by you. If there is no such account at the time, the balance will be deposited to an Accounts Payable until such time as you can be reached and disposition of the Certificate is determined.

Renewal Policy. All Certificate accounts will automatically be renewed on the initial or any subsequent renewal maturity date, unless otherwise directed by you, or the Credit Union shall, prior to maturity, give you written notice that the Certificate will not be renewed. The interest rate and Annual Percentage Yield (APY) to be paid upon renewal shall be determined by the Credit Union at or before maturity, and written notice of the renewal rate shall be mailed, or provided electronically, to you no later than two (2) business days after maturity. Other than Special Rate Certificates, all other terms and conditions, including the length of the term of the Certificate, shall be the same as the original Certificate unless the Credit Union shall, prior to maturity, give written notice of a change in such terms and conditions. The renewal term for Special Rate Certificates will be provided in the terms of the offer and at the time the Certificate is opened. There is a seven (7) day grace period for withdrawals from Certificates after maturity. If the Certificate is presented for payment on its maturity date or within seven (7) days thereafter, no penalty shall be imposed but no interest shall be earned after the maturity date. If the Certificate is not renewed, at maturity, the funds will be transferred to your Regular Savings Share Account in the Credit Union, or other account designated by you. If there is no such account at the time, the balance will be deposited to an Accounts Payable until such time as you can be reached and disposition of the Certificate is determined.

Renewal Policy. All Certificate certificate accounts will automatically be renewed on the initial or any subsequent renewal maturity date, unless otherwise directed by you, or the Credit Union shall, prior to maturity, give you written notice that the Certificate certificate will not be renewed. The interest rate and Annual Percentage Yield (APY) to be paid upon renewal shall be determined by the Credit Union at or before maturity, and written notice of the renewal rate shall be mailed, or provided electronically, to you no later than two (2two) business days after maturity. Other than Special Rate Certificates, all other terms and conditions, including the length of the term of the Certificatecertificate, shall be the same as the original Certificate certificate unless the Credit Union shallUnion, prior to maturity, give provides written notice of a change in such terms and conditionscondition. The renewal term terms for Special Rate Certificates will be provided in the terms of the offer and at the time the Certificate certificate is opened. There is a seven (7) day grace period for withdrawals from Certificates certificates after maturity. If the Certificate certificate is presented for payment on its maturity date or within seven (7) days thereafter, no penalty shall be imposed but no interest shall be earned after the maturity date. If the Certificate certificate is not renewed, renewed at maturity, the funds will be transferred to your Regular Savings Account regular share account in the Credit Union, or other account designated by you. If there is no such account at the time, the balance will be deposited to an Accounts Payable until such time as you can be reached and disposition of the Certificate certificate is determined.

Renewal Policy. All Certificate certificate accounts will automatically be renewed on the initial or any subsequent renewal maturity date, unless otherwise directed by you, or the Credit Union shall, prior to maturity, give you written notice that the Certificate certificate will not be renewed. The interest rate and Annual Percentage Yield (APY) to be paid upon renewal shall be determined by the Credit Union at or before maturity, and written notice of the renewal rate shall be mailed, or provided electronically, to you no later than two (2two) business days after maturity. Other than Special Rate Certificates, all other terms and conditions, including the length of the term of the Certificatecertificate, shall be the same as the original Certificate certificate unless the Credit Union shallUnion, prior to maturity, give provides written notice of a change in such terms and conditionscondition. The renewal term terms for Special Rate Certificates will be provided in the terms of the offer and at the time the Certificate certificate is opened. There is a seven (7) day grace period for withdrawals from Certificates certificates after maturity. If the Certificate certificate is presented for payment on its maturity date or within seven (7) days thereafter, no penalty shall be imposed but no interest shall be earned after the maturity date. If the Certificate certificate is not renewed, renewed at maturity, the funds will be will be transferred to your Regular Savings Account regular share account in the Credit Union, or other account designated by you. If there is no such account at the time, the balance will be deposited to an Accounts Payable until such time as you can be reached and disposition of the Certificate certificate is determined.