Share Secured Clause Samples

Share Secured. If this is a share secured VISA account, all amounts in any accounts at the Credit Union are pledged and assigned as security for any amounts owed. A specific amount may be held as security and cannot be withdrawn. In the event of default, the Credit Union may apply any amounts in any accounts you are associated with, without notice or legal process to the entire unpaid account balance, costs, fees and other amounts due.