Member Services Agreement - NASA Federal Credit Union

vendors specializing in check printing if our processing equipmentexperiences higher than normal rejection rates of checks drawn onyour account. If we impose this requirement, you will be responsiblefor any and all expenses associated with check printing.8. Access to Your Account by Third Party. By giving, whether orally,electronically, or in writing, a third party information about youraccount (for example, your account number or the MICR informationappearing at the bottom of your checks or your access numbersor devices), you are authorizing those parties to generate orderswithdrawing money from your account in the amounts they drawpayable to whom they identify. All orders generated by third partieswho have your account information are deemed to be authorized byyou. You authorize us to honor those orders and we have no obligationto re-credit your account.9. Power of Attorney. An owner may name another individual toact on the owner’s behalf using a written power of attorney. Exceptas prohibited by applicable law, we reserve the right, in our solediscretion, to not recognize a power of attorney to act on an account.We reserve the right, in our sole discretion, to consult counselregarding the meaning and scope of any written power of attorneyand you agree to pay immediately upon our request for the cost of anysuch consultation. If we do recognize a power of attorney, the namedattorney-in-fact (Agent) acts solely in that capacity for the benefit ofthe named owner(s) (Principal). Regardless of the terms in a power ofattorney, there are a number of activities we do not allow an Agent tocarry out on behalf of a Principal, and both Principal and Agent agreeto these limitations on powers set forth in our operational procedures,as may be revised from time to time. Both Principal and Agent certifythat any funds deposited into or withdrawn from the account areproperly within the Agent’s custody and may be lawfully depositedinto or withdrawn from the account in accordance with authority dulyvested in the Agent and that we have no duty to verify the authority ofthe Agent to make particular deposits or withdrawals. The Agent is notan owner of the account, no funds in the account belong to the Agentby reason of that capacity, and the Agent has no right of survivorshipin the account. The Agent promises to keep records in good faith andin the ordinary course of business which detail the interests of thePrincipal at all times. If a power of attorney is recognized, revocationor termination of the power of attorney shall be effective as to usonly after we have actual knowledge of the revocation or termination(which means we have received written notice of revocation ortermination, or received a death certificate or court order), and thenonly after we have had a reasonable time to act upon such knowledge.15