Rules and Regulations - Local Government Federal Credit Union

LGFCU’s BillPay service to authorize electronic billpayments on a CashPoints ® Global account. In theevent an unauthorized ACH debit transaction is postedto the member’s account, the member must reportthe transaction in writing to the Credit Union within 60days of the Credit Union’s transmittal of the periodicstatement to avoid liability for subsequent transfers.In order to be eligible for reimbursement of anunauthorized ACH debit, the member must notify theCredit Union orally or in writing within 60 days of thesettlement date of the transaction. When a notificationis made orally, the member may also be required tosubmit a written notice within 10 business days.The best way to minimize your possible loss is totelephone, although you may advise the Credit Unionin person, in writing, or via email. If you do not notifythe Credit Union, you could potentially lose all themoney in your account (including the maximumamount of your line of credit). If you inform the CreditUnion within two business days of learning aboutthe unauthorized access, you will lose no more than$50.00. If you do not inform the Credit Union withintwo business days and we determine that we couldhave stopped the loss had we been made aware, youcould lose as much as $500.If you discover any unauthorized electronic fundstransfers on your account statement, advise us at once.If you do not inform us within 60 days of when thestatement was mailed, you may not be able to recoverthe money you lost, provided the Credit Union canprove that we could have prevented the loss, had webeen made aware.has notified the depositor that he or she is no longersubject to back-up withholding. The Internal RevenueService does not require the member’s consent toany provisions of this document other than thecertifications required to avoid back-up withholding.Notice of Negative InformationSubject to applicable laws and regulations, the CreditUnion may report information about your account tocredit bureaus. Late payments, missed payments, orother defaults on your Credit Union account may bereflected on your credit report.Disclosures, Agreements, Rules and RegulationsThese disclosures, agreements, rules and regulationsmay be added to, rescinded, altered or amended by theCredit Union at any time, without notice to the depositor,in order to comply with then-applicable laws and regulationsgoverning Credit Union operations. Upon signing an AccountServices Form, the depositor hereby assents and agrees tothese rules and regulations and their subsequent changesor amendments for this account or subsequent accountsopened, as described above.Eligibility CertificationI certify that I meet the eligibility requirementsfor membership in the Credit Union.If there is a legitimate reason (such as a long trip or ahospital stay) that prevented you from informing theCredit Union about your loss within the establisheddeadline, the time frame may be extended.Tax Identification CertificationUnder penalty of perjury, each depositor certifiesthat he or she is a legal U.S. person (including U.S.resident alien). Each depositor further certifies thatthe taxpayer identification number listed on theaccount is accurate and that the depositor is notsubject to back-up withholding either because he orshe has not been notified that he or she is subject tobackup withholding as a result of a failure to reportall dividends, or that the Internal Revenue Service22 23