Common use of Truncated Checks; Statements Clause in Contracts

Truncated Checks; Statements. Your canceled checks will not be returned to you. They will become Credit Union property and be held by us (“truncated”) for you. They also may be truncated earlier in the check clearing process, such as by the bank into which the payee deposits them. This may be done either pursuant to a contractual electronic presentment process or under a federal law commonly referred to as “Check 21.” Your monthly statement will itemize your canceled checks by number, date of clearing, and the amount of the check. Any objection in regard to any item shown on a periodic statement, except as expressly provided for elsewhere, is waived unless made in writing to the Credit Union before the end of sixty (60) days after the statement is mailed or within sixty (60) days of the date of e-mail notification that your statement is available, if you have chosen electronic statement. A copy of any check or “substitute check” (a legal check under federal law – Check 21) will be available to you as required by law. There may be a small fee to obtain a copy of a check (Refer to the Fee Schedule for a list of fees).

Truncated Checks; Statements. Your canceled checks will not be returned to you. They will become Credit Union property and be held by us (“truncated”) for you. They also may be truncated earlier in the check clearing process, such as by the bank into which the payee deposits them. This may be done either pursuant to a contractual electronic presentment process or under a federal law commonly referred to as “Check 21.” Your monthly statement will itemize your canceled checks by number, date of clearing, and the amount of the check. Any objection in regard to any item shown on a periodic statement, except as expressly provided for elsewhere, is waived unless made in writing to the Credit Union before the end of sixty (60) days after the statement is mailed or within sixty (60) days of the date of e-mail notification that your statement is available, if you have chosen electronic statement. A copy of any check or “substitute check” (a legal check under federal law – Check 21) will be available to you as required by law. There may be a small fee to obtain a copy of a check check. (Refer to the Fee Schedule for a list of fees.).

Truncated Checks; Statements. Your canceled checks will not be returned to you. They will become Credit Union property and be held by us (“truncated”) for you. They may also may be truncated earlier in the check clearing process, such as by the bank into which the payee deposits them. This may be done either pursuant to a contractual electronic presentment process or under a federal law commonly referred to as “Check 21.” ”. Your monthly statement will itemize your canceled checks by number, date of clearing, and the amount of the check. Any objection in regard to any item shown on a periodic statement, except as expressly provided for elsewhere, statement is waived unless made in writing to the Credit Union before the end of sixty (60) days after the statement is mailed or within sixty (60) days of the date of e-mail notification that your statement is available, if you have chosen electronic statement. A copy of any check or “substitute check” (a legal check under federal law – Check 21) will be available to you as required by law. There may be a small fee to obtain a copy of a check (Refer to see the Business Accounts Fee Schedule for a list of fees).