member handbook & Fee Schedule - Patelco Credit Union

PATELCO CREDIT UNION MEMBER HANDBOOK
EFFECTIVE: JUNE 1, 2013
Membership Agreements, Share Account Agreements, Fee Schedule and Privacy Policy
TABLE OF CONTENTS PAGE
Introduction ....................................................1
Important Information About Procedures for Opening
a New Account ..................................................1
GENERAL AGREEMENTS OF MEMBERS
Joining the Credit Union ........................................1
Terminology ....................................................1
Membership Requirements and Eligibility for Services ..............1
Grounds for Expulsion or Denial of Services .......................1
Activity Requirements to Avoid Minimum
Savings Balance Fee and Inactive Account Fee ......................2
Meeting Your Obligations ........................................2
Your Consent to Our Right of Offset ...............................2
Collection Costs ................................................2
Fees and Damages ...............................................2
Governing Agreements and Laws .................................3
Your Taxpayer ID Number .......................................3
Backup Withholding ............................................3
Dissemination of Information and Compliance
with the Law in Handling Your Accounts ..........................3
Our Obligation to Follow Instructions ............................3
Electronic Service Options .......................................3
CU Service Centers® Shared Branching ............................4
Waivers and Modifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Revocable Authorization to Check Credit .........................4
Member Privacy Policy ..........................................4
Consent to Use of Wireless Phone Numbers ........................4
Your Consent to the Terms of this Handbook ......................4
YOUR CREDIT UNION SHARE ACCOUNTS
General Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Federal Deposit Insurance .......................................4
Minimum Balance ..............................................4
Earnings and Payment of Dividends ..............................4
Account Ownership and Transfer of Proceeds at Death .............4
Fiduciary Accounts .............................................5
Business/Corporate/Organization Accounts .......................5
Continuing Authorization to Open Accounts ......................5
Deposits and Withdrawals .......................................5
Special “Anywhere Deposit” Terms ...............................6
Non-Transferability of Accounts ..................................7
Dividend Calculation, Compounding and Crediting ................7
Fees ...........................................................7
Permanent Records and Statement Review .........................8
In Case of Errors or Inquiries About Your Statement ................8
Electronic Transfer Errors or Unauthorized Use ....................8
Closing Accounts ...............................................8
Escheat ........................................................8
Our Handling of Accounts in Case of Your
Death or Incompetence ..........................................8
Early Withdrawal Penalties; Waiver of Penalties ...................8
TRUTH-IN-SAVINGS DISCLOSURES
Tiered Savings Account .........................................9
Discontinued Account Types .....................................9
Money Market Account and Money Market IRA ...................9
Money Market Plus Account and Money Market Plus IRA ...........9
Insured Variable Money Fund Account ...........................9
Treasury Income Account ........................................9
Certificate Accounts ...........................................10
Holiday Club Accounts .........................................10
INDIVIDUAL RETIREMENT ACCOUNTS (IRAS)
AND HEALTH SAVINGS ACCOUNTS (HSAS)
General Information About IRAs ................................10
Treasury IRA Account .........................................10
Guaranteed Income IRA ........................................10
IRA Special Share Account Certificate ...........................10
Series I —1 Year ...............................................10
Series K—2.5 Year .............................................11
Health Savings Account (HSA) ..................................11
CHECKING ACCOUNTS
Interest Checking Account .....................................11
Premier Interest Checking Account ..............................11
Free Checking Account .........................................11
General Checking Account Terms ...............................11
Payments on Checks ...........................................11
Governing Law ................................................11
Stale Dated Items ..............................................11
Overdrafts ....................................................11
Extended Overdraft Fee .........................................12
Stopping Payment on Checks ...................................12
Post Dated Checks .............................................13
Availability of Funds for Check Writing ..........................13