Member Services Agreement - NASA Federal Credit Union

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value of one share and is not increased within 30 days to the value ofone share.F. ADDITIONAL DISCLOSURES CONCERNINGSPECIFIC CONSUMER ACCOUNTSTo be a member and maintain accounts at the Credit Union, you mustpurchase one share in the Credit Union in a Prime Savings Account. The parvalue of a share in this Credit Union is $5.00 (minimum balance) and mustbe maintained in the Prime Savings Account.Disclosures Concerning Dividends. Unless stated otherwise in thisAgreement or provided for in a separate agreement, the following termsapply to all dividend-bearing accounts. Declaration of Prospective Dividends:Dividends are paid from current income and available earnings of theCredit Union after required transfers to reserves at the end of the dividendperiod . The dividend rate and Annual Percentage Yield (APY) reflect theearnings the Credit Union anticipates having available for distribution. Rate:The dividend rate on all dividend-bearing accounts is a variable rate. Thedividend rate and the APY are disclosed on the Credit Union’s monthly ratesheet. The dividend rate and APY may change every month as determinedby the Credit Union’s Board of Directors in its sole discretion. BalanceComputation Method: Dividends are calculated by the average daily balancemethod which applies a periodic rate to the average daily balance in theaccount for the month. The average daily balance is calculated by addingthe principal in the account for each day of the month and dividing thatfigure by the number of days in the month. Compounding and Crediting:Dividends are computed from the date of deposit to the date of withdrawaland are credited and compounded monthly. For example, the beginningdate of the first dividend period of the calendar year is January 1 and theending date of such dividend period is January 31. All other dividend periodsfollow this same pattern of dates. The dividend declaration date follows theending date of a dividend period, and for the example above, is February 1.If you close your account before dividends are credited, you will not receivethe accrued dividends. There will be no dividends credited after you havecaused a monetary loss to the Credit Union as described in this Agreementunder Denial of Services, Expulsion, and Termination. Date Dividends Accrue:Dividends will begin to accrue on the business day that you make yourdeposit.PRIME SAVINGS AND SPECIAL SAVINGS ACCOUNTSDividends: See Disclosures Concerning Dividends in this Section.Minimum Balance Requirements: The minimum balance required for a Prime22
Savings Account is $5 (which represents the value of one share). There is nominimum balance required for Special Savings Accounts.Transaction Limitations: Regulation D transfer limitations described in thisAgreement apply. In addition, we reserve the right to require prior notice ofyour intention to make a withdrawal not less than 7 days and up to 60 daysbefore the withdrawal.Fees and Charges: See Schedule of Fees.CHECKING ACCOUNTS(1) Premier Checking Account:Dividends: There are no dividends paid on this checking account.Minimum Balance Requirements: There is no minimum balancerequired to open or maintain this checking account.Transaction Limitations: There are no transaction limitations on thischecking account.Fees and Charges; Other Requirements: A monthly account fee will beassessed on the last day of each month. You may avoid the monthlyaccount fee as defined in the Membership Rewards Program. Otherbenefits may be available as defined in the Membership RewardsProgram. Other fees may apply to this account as outlined in theSchedule of Fees.(2) Premier eChecking Account:Dividends: There are no dividends paid on this checking account.Minimum Balance Requirements: There is no minimum balancerequired to open or maintain this checking account.Transaction Limitations: There are no transaction limitations on thischecking account.Fees and Charges; Other Requirements: A monthly account fee maybe assessed on the last day of each month. The monthly fee will bewaived if any of the following conditions apply:1) A direct deposit has been received by the last day ofthe month following the month you obtain the PremiereChecking account or any month thereafter; or23
Page 3 and 4: TABLE OF CONTENTSPageMEMBER SERVICE
Page 5 and 6: A. MEMBERSHIPTo be eligible for Cre
Page 7 and 8: mail you the most recent version of
Page 9 and 10: 8. Severability. If any part of thi
Page 11 and 12: 17. Your Indemnity. You will indemn
Page 13 and 14: For each “remotely created check
Page 15 and 16: in writing. Stop payments made in e
Page 17 and 18: vendors specializing in check print
Page 19 and 20: not have been paid if you had repor
Page 21 and 22: endorsements on deposits or orders,
Page 23: the primary account holder, however
Page 27 and 28: Minimum Balance Requirements:(1) PM
Page 29 and 30: If you do not make your deposit in
Page 31 and 32: 7. Service Centers and Shared Branc
Page 33 and 34: will extend the time periods to a r
Page 35 and 36: • If the Transaction would exceed
Page 37 and 38: 2. ATM, Visa® Check Card Use, ATM
Page 39 and 40: Purchases at Visa merchant location
Page 41 and 42: • Be accompanied by another perso
Page 43 and 44: c. Responsibility and Liability for
Page 45 and 46: identifier. We may charge any of yo
Page 48: 301-249-18001-888-NASA-FCU (627-232

Member Services Agreement - NASA Federal Credit Union

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