Common use of Single Payments Clause in Contracts

Single Payments. A single payment will be processed on the business day (generally Monday through Friday, except certain holidays) that you designate as the payment’s process date, provided the payment is submitted prior to the daily cut-off time on that date. The daily cut-off time, which is controlled by the Credit Union, is currently 5:00 PM Central Standard Time. A single payment submitted after the cut-off time on the designated process date will be processed on the following business day. If you designate a non-business date (generally weekends and certain holidays) as the payment’s process date, the payment will be processed on the first business day following the designated process date. Recurring Payments: When a recurring payment is processed, it is automatically rescheduled by the system. Based on your selected frequency settings for the payment, a process date is calculated for the next occurrence of the payment. If the calculated process date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules:

Single Payments. A single payment will be processed on the business day (generally Monday through Friday, except certain holidays) that you designate as the payment’s process processing date, provided the payment is submitted prior to the daily cut-off time on that date. The daily cut-off time, which is controlled by the Credit Union, is currently 5:00 PM Central Standard Timeprocessing times for scheduled payments are 7:00 am and 2:00 pm CST. A single payment submitted after the cut-off time on the designated process date will be processed on the following next business day. If you designate a non-business date (generally weekends and certain federal holidays) as the payment’s process processing date, the payment will be processed on the first business day following the designated process processing date. Recurring Payments: Payments - When a recurring payment is processed, it is automatically rescheduled by the system. Based on upon your selected frequency settings for the payment, a process processing date is calculated for the next occurrence of the payment. If the calculated process processing date is a non-business date (generally weekends and certain federal holidays), it is adjusted based upon the following rules:

Single Payments. A single payment will be processed on the business day (generally Monday through Friday, except certain holidays) that you designate as the payment’s process date, provided the payment is submitted prior to the daily cut-off time on that date. The daily cut-off time, which is controlled by the Credit Union, is currently 5:00 PM Central Standard Time. A single payment submitted after the cut-off time 3:00 P.M. on the designated process date will be processed on the following next business day. If you designate a non-business date (generally weekends and certain holidays) as the payment’s process date, the payment will be processed on the first business day following the designated process date. Recurring Payments: Payments - When a recurring payment is processed, it is automatically rescheduled by the system. Based on upon your selected frequency settings for the payment, a process date is calculated for the next occurrence of the payment. If the calculated process date is a non-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: