Disclosure of Account Information - The Golden 1 Credit Union
Disclosure of Account Information - The Golden 1 Credit Union
Disclosure of Account Information - The Golden 1 Credit Union
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48<br />
may in our sole option and discretion, limit the<br />
number <strong>of</strong> your accounts eligible for the Courtesy<br />
Pay program to one account per household<br />
and/or one account per taxpayer identification<br />
number.<br />
• You may always opt out: You may choose at<br />
any time to opt out and not participate in the<br />
Courtesy Pay program by notifying one <strong>of</strong> our<br />
Member Service Representatives who will explain<br />
what this means, and the potential consequences,<br />
for you. If you choose to opt out and no longer<br />
participate in the Courtesy Pay program, and<br />
you have opted in to Overdraft Protection for<br />
Everyday Debit Card Transactions, you will also<br />
be automatically removed from the debit card<br />
protection.<br />
• If you need help: Of course, overdrafts should<br />
not be used to pay ordinary or routine expenses<br />
and you should not rely on overdrafts as a means<br />
to cover these expenses. If at any time you feel<br />
you need help with your financial obligations<br />
please contact one <strong>of</strong> our Member Service<br />
Representatives at 1-877 GOLDEN 1<br />
(1-877-465-3361).<br />
ALWAYS A DISCRETIONARY PROGRAM:<br />
<strong>The</strong>se terms and conditions in no way obligate us to<br />
extend the Courtesy Pay program to you. This program<br />
represents a purely discretionary courtesy or privilege<br />
that we provide and which may be withdrawn or withheld<br />
by us at any time without prior notice, reason or cause.<br />
<strong>The</strong> Courtesy Pay terms and conditions contained herein<br />
supersede all prior terms and conditions regarding<br />
Courtesy Pay.<br />
OVERDRAFT PROTECTION FOR EVERYDAY<br />
DEBIT CARD TRANSACTIONS<br />
Additional Feature <strong>of</strong> Courtesy Pay Program<br />
(a discretionary overdraft program)<br />
It is the policy <strong>of</strong> <strong>Golden</strong> 1 <strong>Credit</strong> <strong>Union</strong> (“the <strong>Credit</strong><br />
<strong>Union</strong>, we, us, or our”) to comply with applicable laws,<br />
rules and regulations, and to conduct business in<br />
accordance with strict safety and soundness standards.<br />
An overdraft occurs when you do not have enough<br />
money in your account to cover a transaction but we<br />
pay it anyway. This results in a negative balance on your<br />
account. We are not obligated to pay any transaction<br />
initiated for payment against your account if your<br />
account does not contain sufficient collected funds.
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