Membership Account Agreement - OnPoint …

1 MembershipAccount Agreement &TABLE OF CONTENTS I. Membership AND ACCOUNTS ..2 Membership Eligibility ..2 Individual Accounts ..2 Joint Accounts ..2 POD Designations ..3 Accounts for Minors ..3 Uniform Transfer to Minor Accounts ..4 Accounts for Formal Trusts ..4 Fiduciary Accounts ..5 Deposit Requirements ..5 Account Access ..8 Account Rates and Fees ..11 Transaction Limitations ..11 Administrative Account Freezes ..12 Overdrafts ..12 Postdated and Staledated Items ..14 Stop Payment Orders ..15 Lost Items ..16 Credit Union s Liability for Errors ..16 Credit Union Lien and Security Interest ..16 Legal Process ..17 Account Information ..17 Notices ..17 Taxpayer Identification Numbers and Backup Withholding.

2 18 Statements ..18 Inactive and Abandoned Accounts ..19 Death of Account Owner ..20 Termination of Account ..20 Termination of Membership ..20 Special Account Instructions ..20 Severability ..21 Enforcement ..21 Governing Law ..21II. FUNDS AVAILABILITY POLICY ..22 General Policy ..22 Reservation of Right to Hold ..22 Holds on Other Funds .. 22 Longer Delays May Apply ..23 Deposits at Automated Teller Machines .. 23 Special Rules for New Accounts ..23 III. ELECTRONIC FUNDS TRANSFERS ..23 Visa/Debit/ATM Card and POS Services .. 24 Preauthorized Electronic Funds and direct Deposits .. 26 Telephone Teller .. 27 Electronic Check Transactions .. 28 Online Banking Services.

3 28 Bill Pay Services .. 30 Mobile Banking Services ..36 PopmoneySM Payments Service .. 41 External Transfer Service .. 45 Account Aggregation .. 48 Security of Access Code .. 50 Member Liability .. 50 Business Days .. 51 Fees and Charges .. 51 Right to Receive Documentation of Transfers .. 52 Account Information Disclosure .. 52 Call Recording .. 52 Credit Union Liability for Failure to Make Transactions .. 52 Preauthorized Electronic Funds Transfers .. 54 Termination of EFT Service .. 54 Notices .. 55 Statement Errors .. 55 ATM Safety Notice .. 56 Welcome to OnPoint Community Credit Union. We are pleased to have you as a member. This is the contract between you and OnPoint Community Credit Union.

4 When you become a member you agree to the terms and conditions described in this booklet. These terms and conditions apply whether the Account is opened in person, by mail, by telephone, or electronically. Please read this Agreement carefully and keep it for your records. This Agreement is the contract of deposit that covers your and our rights and responsibilities concerning Membership and Account (s) offered to you. In this Agreement , the words you and yours mean those who sign the Membership Application / Update, Fiduciary Accounts Membership Application / Update or Contribution Account Application / Update ( Application ), assert any ownership in an Account or use any access device for any Account .

5 The words we, us, and our mean OnPoint Community Credit Union ( Credit Union ). The word Account means any one or more savings, checking or certificate of deposit accounts you have with the Credit Union. The classification and form of ownership of your accounts (including certificate of deposit) are designated on your Application. By signing the Application that is a part of this Agreement or by applying for Membership electronically, each of you, jointly and severally, agree to the terms and conditions in this Agreement , including the Funds Availability Policy, Electronic Funds Transfer Agreement , and the Truth-in-Savings Disclosures (Rate and Fee Schedule) incorporated in or accompanying this Agreement , any Account receipt, the Credit Union s Bylaws and policies, and any amendments which collectively govern your Membership and Accounts.

6 You agree that additional accounts and services you request in the future will be governed by this Agreement , as amended from time to time. Important Information about Procedures for Opening New Accounts. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an Account . When you open an Account , we will ask you your name, address, date of birth and other information that will allow us to identify you. We will also ask to see your driver s license or other identifying documents. 1I. Membership And Accounts 1. Membership Eligibility To be eligible for Membership in the Credit Union you must be an individual or entity qualifying within the Credit Union s field of Membership and must purchase and maintain a Membership deposit as required by the Credit Union s Bylaws.

7 You authorize us to check financial information data, and employment history about you by any means allowed by law, including obtaining a credit report or credit score from any consumer reporting agency to verify your eligibility for any accounts and services we offer or you request. a. Always a Member. Once you join OnPoint Community Credit Union you are a member for life provided you comply with the terms of this Agreement and maintain a minimum deposit of $5 in Savings. If you leave your job or move from the area, you can still use the Credit Union, provided you keep your Account open. (See Sections 26 & 27 of this Agreement .) b. Voting. The Credit Union is owned and operated by our members.

8 Each member may cast one ballot to elect our Board of Directors. Members must be at least 18 years of age or older in order to cast a vote. Joint owners are not eligible to vote. 2. Individual Accounts An individual Account is an Account owned by one depositor including any individual qualified for Credit Union Membership . If the Account is an individual Account , the interest of a deceased individual owner will pass, subject to applicable law, to the payable on death ( POD ) beneficiary or decedent s estate, if applicable. 3. Joint Accounts An Account owned by the member and one or more persons is a joint Account . The Member is the person so identified on the Application. A Joint Owner is not a member of OnPoint Community Credit Union and does not become a member as a result of being designated a joint owner.

9 A. Rights of Survivorship. If your Account is a joint Account , the Account is owned as a joint Account with rights of survivorship. Upon the death of one of the joint Account owners, that person s interest will become the property of the surviving joint Account owners. b. Rights of Joint Account Owners. Any joint Account owner is authorized and deemed to act for the other owner(s) and the Credit Union may accept orders and instructions regarding the Account and requests for future services from any Account owner. Each Account owner guarantees the signature of the other owners. Any Account owner may withdraw all funds in the Account , stop payment on items drawn 2on an Account , withdraw, or pledge all or any part of the deposits of any Account and use any access device issued for the Account without the consent of the other Account owner(s) and the Credit Union shall have no duty to notify any other joint Account owner(s).

10 If the Credit Union receives written notice of a dispute between Account owners or receives inconsistent instructions from them, the Credit Union may suspend or terminate the Account , require a Court order to act, or require that all joint Account owners agree in writing to any transaction concerning the Account . c. Joint Account Owner Liability. If any item deposited in a joint Account is returned unpaid or an Account is overdrawn, or if we do not receive final payment on any transaction, each of the multiple Account owners and authorized users is jointly and severally liable to the Credit Union for the amount of the returned item, overdraft, or unpaid amount and any charges, or liability for any transaction performed by an authorized user, regardless of who created or performed the overdraft, deposited or cashed the item or benefited from the transaction.