Non‐participation definition
Non‐participation is defined as a member’s failure to vote in the elections and failure to maintain any contact or conduct any business with us for a period of twelve (12) months. STATEMENTS Your Duty to Report Errors. You must examine your statement of account with "reasonable promptness." If you discover (or reasonably should have discovered) any unauthorized signatures or alterations, you must promptly notify us of the relevant facts. As between you and us, if you fail to do either of these duties, you will have to either share the loss with us or bear the loss entirely yourself (depending on whether we used ordinary care and, if not, whether we substantially contributed to the loss). The loss could be not only with respect to items on the statement but other items with unauthorized signatures or alterations by the same wrongdoer. DIRECT DEPOSITS. If we are required for any reason to reimburse the federal government for all or any portion of a benefit payment that was directly deposited into your account, you authorize us to deduct the amount of our liability to the U.S. Government from TEMPORARY ACCOUNT AGREEMENT. If this option is selected, this is a temporary account agreement. Each person who signs to open the account or has authority to make withdrawals (except as indicated to the contrary) may transact business on this account. However, we may at some time in the future, restrict or prohibit further use of this account if you fail to comply with the requirements we have imposed within a reasonable time.
Non‐participation is defined as the member’s failure to conduct business with the Credit Union. When determining whether a membership is non-participating, the Credit Union shall consider whether a member has voted in annual elections, whether the member maintains deposits at the Credit Union, whether the member maintains loans at the Credit Union, and whether the member receives other services from the Credit Union or its subsidiaries. This will not apply to any account held by a member who has at least one other active account or relationship with the Credit Union. Termination of membership due to non-participation will be effective thirty
Non‐participation is defined as a member’s failure to vote in the elections and failure to maintain any contact or conduct any business with us for a period of twelve (12) months.