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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those accounts for which our funds availability policy<br />
disclosure does not apply, you can ask us when you<br />
make a deposit when those funds will be available for<br />
withdrawal.<br />
OWNERSHIP OF ACCOUNT AND BENEFICIARY<br />
DESIGNATION - I/We agree that the shares purchased for<br />
this account structure shall be held individually, in joint<br />
tenancy, or as trustee and co-trustee with the person or<br />
persons named on the membership application, if any<br />
(excluding IRA funds). I/We further agree that <strong>Golden</strong> 1<br />
<strong>Credit</strong> <strong>Union</strong> is authorized to recognize any <strong>of</strong> the<br />
signatures subscribed on the membership application in<br />
the payment <strong>of</strong> funds or the transaction <strong>of</strong> any business<br />
for this account. IRA owners understand that periodic<br />
IRA statements will be combined with the periodic<br />
statement for all other accounts opened pursuant to the<br />
membership application and that information about<br />
the IRA will therefore be disclosed to all <strong>of</strong> the persons<br />
named on the membership application. If you wish to<br />
have the IRA statement provided exclusively to the IRA<br />
owner, you must establish a separate IRA account.<br />
<strong>The</strong>se rules apply to this account depending on the form<br />
<strong>of</strong> ownership and beneficiary designation, if any,<br />
specified on the account records. We make no<br />
representations as to the appropriateness or effect <strong>of</strong> the<br />
ownership and beneficiary designations, except as they<br />
determine to whom we pay the account funds. As used in<br />
this agreement “party” means a person who, by the terms<br />
<strong>of</strong> the account, has a present right, subject to request, to<br />
payment from a multiple-party account other than as an<br />
agent.<br />
Individual <strong>Account</strong> - This account is in the name <strong>of</strong> one<br />
person.<br />
Joint <strong>Account</strong> - This account or certificate is owned<br />
by the named parties. Upon the death <strong>of</strong> any <strong>of</strong> them,<br />
ownership passes to the survivor(s).<br />
PAY ON DEATH <strong>Account</strong> with Single Party - This<br />
account or certificate is owned by the named party. Upon<br />
the death <strong>of</strong> that party, ownership passes to the named<br />
pay-on-death payee(s).<br />
PAY ON DEATH <strong>Account</strong> with Multiple Parties - This<br />
account or certificate is owned by the named parties.<br />
Upon the death <strong>of</strong> any <strong>of</strong> them, ownership passes to the<br />
survivor(s). Upon the death <strong>of</strong> all <strong>of</strong> them, ownership<br />
passes to the named pay-on-death payee(s).<br />
Totten Trust <strong>Account</strong> - (subject to this form) - If two or<br />
more <strong>of</strong> you create this account, you own the account<br />
jointly with survivorship. Beneficiaries cannot withdraw<br />
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