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Truth in Savings

Unity Credit Union - Account Agreement

This is the Agreement between you, the member, and UNITY CREDIT UNION, of Warren, Michigan, regarding your savings accounts with the Credit Union. By establishing an account with the credit union you agree that this Agreement is a binding contract between you and the credit union. You should retain a copy of the agreement and feel free to call the credit union if you have any questions. This Agreement also includes certain disclosures required under the Truth-In-Savings Act and National Credit Union Administration and Federal Reserve Board regulations and commentary, and the Funds Availability Act (Regulation CC). The words "you" and "your" mean the member and any joint members or co-depositors or co-borrowers. The words "we", "our", "us", and the "Credit Union" mean the UNITY CREDIT UNION.

Membership and Your Share Account

Membership. The credit union has as its field of membership and serves:

Other groups may be added in the future upon approval of the Board of Directors and the regulators. Membership in the Credit Union is a lifetime membership provided that you keep your membership in good standing. The Credit Union's bylaws provide that `once a member, always a member' - so that even if you retire, change jobs (outside of the field of membership) or move to a new location, you may remain a member of the Credit Union. Only members in good standing may receive the benefits and services of the Credit Union.

Share Account. To become a member of the Credit Union, you must complete a membership signature card and open a share account. The basic share deposit which you must always keep in your share account is $10.

Deposits Generally. After you have established your share account, you may make additional deposits into, or withdrawals from, your share account, or establish other types of savings accounts as described herein, at any time and in any amount. The account is not transferable except on the credit union's books and records. We may establish minimum amounts for deposit in your share or other savings accounts. You can make deposits in person or by mail, or arrange for direct deposit of your payroll. If you have a Transaction Card, you can also make a deposit through one of the automated teller machines (ATM) equipped to accept deposits. You can also transfer funds for deposit from one savings account to another within the Credit Union through our audio response service, The Punchline, (using a touch tone phone).

All deposits are subject to proof and verification. If you deposit a check, draft or other noncash item, we have the right to clear it before we make the money available to you subject to federal regulations. (See the Funds Availability notice under Regulation CC regarding this.) If there are special fees for collecting your deposit, you promise to pay them. We may deduct them directly from your account. If we feel there is a reason, we may refuse, limit or return any deposit. We have the right to refuse to accept any deposit and we specifically reserve the right to refuse to accept checks for deposit that have more than one endorsement. We reserve the right not to pay dividends on amounts subject to garnishment, levy or other legal process; and we reserve the right not to pay dividends on any deposit that is returned to us unpaid by the financial institution on which it is drawn (even if that means a reversal of credited dividends).

Joint Accounts. If more than one person signs the signature card for a share account or other type of savings account, the Credit Union is authorized to accept any of the signatures on the applicable card in the payment of funds or the transaction of any business in relation to the account (unless member has elected otherwise). You agree that any funds in that account may be paid upon request or order of any person signing that signature card whether the other or others are living or not. Each signer appoints each other signer to be his or her irrevocable attorney: to make deposits to the account; to endorse, for cash or deposit, any checks or other items whether payable to one of the signers alone or with others; and to receive and receipt for all funds all without obligation to us to inquire into the source or application of funds. To induce us to act thereunder, each person signing the signature card jointly and singly agrees to hold the Credit Union harmless and indemnify us from loss, cost, and damage in all respects in connection with any of the foregoing, including court costs and attorneys fees.

If more than one person signs the signature card for a share account or other type of savings account, you are creating, and intend to create, a "joint tenancy with rights of survivorship." That is, you as the owners of the account agree with yourselves and the Credit Union that all sums paid in shares or other deposits (as applicable), together with all accumulations, prior to now or hereafter, shall be owned by all of you jointly with full right of survivorship, and shall be subject to withdrawal or receipt by any of you in whole or in part. Payment to any of you or the survivor(s) of you, or your personal representatives, administrators or assigns of the last survivor(s) of you, shall be valid and discharge the Credit Union from any liability for such payment and amount. Any or all of the joint owners may pledge all or part of the shares or deposits in the account as collateral for security on a loan(s). No authority or obligation of the Credit Union may be changed or terminated by one or more of the joint owners without prior written notice to the Credit Union, and no such change or termination shall affect transactions already made. Further, each joint owner is subject to the terms and disclosures of this Agreement.

Dividends

Rate. Your share account will earn what are known as dividends. Dividends are like interest, except that the rate of dividends is set by the Credit Union's Board of Directors (the "Board") from time to time, and dividends are not guaranteed. The dividend rate and annual percentage yield may change every month based on the determination of the Credit Union Board of Directors. There are no limitations on the amount the dividend rate may change. Dividends are paid from current income and available earnings after required reserve transfers at the end of the dividend period. The dividend (interest) rates will be available each business day at our offices.

Regular Share accounts are "tiered rate" accounts, meaning the account has two or more dividend rates that are applicable to specified balance levels. (See the Rate Sheet for specific dividend rate information.)

Calculating Dividends. We calculate your dividends using the actual daily balance method. That is, before we open each day, we take the amount that has been in your account overnight (including any dividends which have been credited to your account) and multiply it by the applicable daily percentage rate. [The daily percentage rate is the annual dividend rate divided by 365 days (366 days in leap year).] The result is the dividend your account earned the day before. In other words, money must be in your account overnight before it will earn dividends. Dividends on noncash deposits (checks) begin to accrue on the day the deposit is received by us and will accrue to, but not including, the day of withdrawal or transfer.

Compounding. We compound your dividends, even though that isn't required by law. Compounding is more favorable to you, because once dividends have been earned by your account they are added to the balance on which you will continue to earn dividends. We compound on a quarterly basis.

Crediting Dividends. Dividends are not available to you until they have been credited to your account. Even though your account earns dividends every day, we don't actually credit them to your account until the last day of the quarter. Interest is credited at maturity for Certificates of Deposit. Dividends that are credited to your account will be added directly into your account.

Annual Percentage Yield (APY). Because we compound dividends, the actual yield on your account will be somewhat higher than the annual dividend rate. The APY will be posted each month along with the annual dividend (interest) rate.

How Withdrawals Affect Dividends. Even though we do not credit dividends until the close of the last day of the calendar quarter (available on the first business day of the following quarter), we calculate them on a daily basis. Therefore, if you make a withdrawal, you won't receive any further dividends on that amount from the day you make the withdrawal. If you withdraw all the funds in your account before the close of business on the last day of the calendar quarter, you will not earn any dividends for that calendar quarter.

Funds Availability. If you make a noncash deposit, that money will be available to you in accordance with a separate schedule of availability of funds for items deposited for collection (under federal Regulation CC). If you make a deposit by authorizing us to collect funds from another account (for example, from a savings account at another credit union or bank), that deposit will not earn dividends or be available to you until we actually collect the funds.

High Earnings Accounts

Establishing Account and Rate. High Earnings accounts may be established by a member signing an appropriate signature card. The dividend rates to be earned on these accounts are redetermined and may change monthly. The dividend rates will be available each business day in our offices.

Minimum Deposit. There is a minimum deposit of $15,000 to open the account and earn the stated APY for a High Earnings account. If you have a High Earnings account and allow the balance to fall below $15,000, then you will earn dividends at the rate of a Regular Share account.

Other Terms. The above terms regarding compounding, annual percentage yield, calculating dividends, crediting dividends, how withdrawals affect dividends and funds availability also apply to High Earnings accounts.

Foundation Accounts

Generally. Foundation accounts were established by the credit union to promote savings among the Credit Union's members. Deposits to this account are made through payroll deduction. The minimum weekly deposit is $3 and the maximum deposit is $10.

Rate. The dividend rate earned on this account may change monthly. The dividend rate and APY will be available each business day at our offices. At our discretion, the dividend rate for your account may change at any time. A minimum balance of $100.00 is required to obtain the APY which will be listed; balances below $100.00 will not earn any dividends.

Calculating, Compounding and Crediting Dividends. We calculate, compound and credit dividends on your Foundation account in the same manner as we do on your share account. See the disclosure (under Dividends) for these explanations.

Insurance Deposit Accounts

Generally. Members who wish to save for the insurance programs made available by the Credit Union through various insurance carriers may wish to establish an Insurance Deposit account. An Insurance Deposit account is a general savings account with the purpose of having money available to pay premiums for the various types of insurance provided by the credit union. You may use payroll deduction to set up a routine savings plan into your Insurance Deposit account.

Rate. The dividend rate earned on this account may change monthly. The dividend rate and APY will be available each business day at our offices. At our discretion, the dividend rate for your account may change at any time. A minimum balance of $100.00 is required to obtain the APY which will be listed; balances below $100.00 will not earn any dividends.

Calculating, Compounding and Crediting Dividends. We calculate, compound and credit dividends on your Insurance Deposit account in the same manner as we do on your share account. See the disclosure (under Dividends) for these explanations.

Minimum Deposit. There is no minimum deposit required to open an Insurance Deposit account. You may set up payroll deduction to deposit a certain amount from each net pay into your Insurance Deposit account, or you may make periodic deposits at your discretion.

Withdrawal. Insurance premium payments will be made directly from this account to the insurance carrier.

Home Savings Accounts

Generally. A Home Savings account is a general savings account with the purpose of having money available to pay property taxes, insurance premiums or other improvements for your home for which you may wish to set up a savings account. You may use payroll deduction to set up a routine savings plan into your Home Savings account.

Minimum Deposit. There is no minimum deposit requirement on a Home Savings account. You may set up payroll deduction to deposit a certain amount from each net pay into your Home Savings account, or you may make periodic deposits at your discretion.

Rate. The dividend rate earned on this account may change monthly. The dividend rate and APY will be available each business day at our offices. At our discretion, the dividend rate for your account may change at any time. A minimum balance of $100.00 is required to obtain the APY which will be listed; balances below $100.00 will not earn any dividend.

Calculating, Compounding and Crediting Dividends. We calculate, compound and credit dividends on your Home Savings account in the same manner as we do on your share account. See the disclosure (under Dividends) for these explanations.

Withdrawal. Withdrawals from your Home Savings account may be made in any amount available throughout the year. The credit union will issue checks, at your request and not automatically, made payable to the insurance company or your city or county treasurer, in payment for your insurance premium or property taxes, or in any manner as you direct.

Certificates of Deposit (CDs)

Rate. The interest rate and APY for CDs is redetermined and made available every Tuesday (or the following business day if a holiday) and are in effect through the following Monday. Once you purchase a CD, your interest rate will not be changed or recalculated during the term of the certificate. The APY assumes that interest earned will remain on deposit until maturity. An early withdrawal will reduce earnings.

Interest rates are calculated within a range approved by the Board of Directors. The interest rate is based on the value of an index. The "Index" is the 26 week Treasury Bill quoted in The Wall Street Journal , "money rates" column. To determine the interest rate that will apply to your CD, we add a margin to the value of the index.

Ask us for the current index value, margin and interest rate. We may change the index at our discretion.

Minimum Balance Requirement. To open a CD account, you must deposit at least $10,000. There are no fees to open a CD account. You must maintain these same minimum balances during the entire term of the CD in order to obtain the disclosed APY.

Calculating, Compounding and Crediting Dividends. We do not compound interest on CD accounts. We calculate interest using the daily balance method and credit the interest on the date of maturity of the CD.

Renewal Policy. The credit union will contact you approximately two weeks prior to the CDs maturity date by phone or mail to determine if you wish to renew the certificate. If the Credit Union is unable to reach you the funds are transferred to your Regular Share account at the Credit Union, and dividends will be paid from the date of the transfer to the Regular Share account at the current dividend rate and APY for Regular Share accounts

Transaction Limitations. After the CD certificate is purchased, you may not make deposits into or withdraw principal or interest from that CD until the maturity date. [If you wish to deposit additional funds into a CD, you may purchase another CD certificate at the then current rates.]

Early Withdrawal Penalty. If you withdraw any principal or interest before the maturity date, the entire certificate will be closed. A penalty rate equal to 1/2 of the scheduled certificate rate will be calculated and posted. Then, a penalty equal to 90 days of the reduced rate will be charged. The remaining principal and any interest earned will be transferred to a dividend bearing account.

Share Draft Accounts

Deposits Generally. After you have established your share draft account (at some credit unions, these are called checking accounts), you may make additional deposits into, or withdrawals from, your share draft account at any time and in any amount. There is no minimum deposit for your share draft account. You can make deposits in person or by mail, or arrange for direct deposit of your payroll. If you have a Transaction Card, you can also make a deposit through one of the ATMs equipped to accept deposits. You can also transfer funds for deposit from a savings account within the Credit Union to your share draft account through our audio response service, The Punchline, (using a touch-tone phone).

All deposits are subject to proof and verification. If you deposit a check, draft or other noncash item, we have the right to clear it before we make the money available to you subject to federal regulations. (See the Funds Availability notice under Regulation CC regarding this.) If there are special fees for collecting your deposit, you promise to pay them. We may deduct them directly from your account. If we feel there is a reason, we may refuse, limit or return any deposit. We have the right to refuse to accept any deposit and we specifically reserve the right to refuse to accept checks for deposit that have more than one endorsement. We reserve the right not to pay dividends on amounts subject to garnishment, levy or other legal process; and we reserve the right not to pay dividends on any deposit that is returned to us unpaid by the financial institution on which it is drawn (even if that means a reversal of credited dividends). All checks or withdrawals on your share draft account may be returned by us unpaid without notice to you for any reason that checks are normally returned, as for example: insufficient funds, uncollected funds, or litigation.

Using Your Share draft Account. Money can be withdrawn from your share draft account in different ways:

  1. You can write a check and sign it.
  2. You can arrange for us to make a specific payment from your share draft account each month for a special purpose. For example, you can do this for a mortgage or other loan payment due to the Credit Union or for deposit into your savings account at the Credit Union. This service is free, but you must arrange for it in advance, and the payments must be in the same dollar amount each month.
  3. If you have a Transaction Card, you can use it to withdraw money from your account at an ATM machine equipped to disburse cash, or to pay a merchant who has the equipment to use your Transaction Card as a debit card to immediately charge your account.
  4. If you have enrolled in The Punchline, our audio response service, you can transfer funds from your share draft account to another savings or loan account within the Credit Union, or have a check drawn on your share draft account sent to your home.

As long as you have money in your account to cover them, you can write any number of checks you want. There is no per check fee. You may order checks through the credit union or any other vendor you prefer. We will have the checks printed for you and charge your account for the fee (costs for check printing vary depending on the style of checks ordered). The checks will be personalized as you wish. We will provide your first 8 checks without charge to get you started.

Rate. The dividend rate earned on this account may change monthly. The dividend rate and APY will be available each business day at our offices. At our discretion, the dividend rate for your account may change at any time. A minimum balance of $50.00 is required to obtain the APY which will be listed.

Calculating, Compounding and Crediting Dividends. We calculate, compound and credit dividends on your share draft account in the same manner as we do on your share account. See the above disclosures (under Dividends) for these explanations.

Fees. If you maintain a minimum balance of at least $300 at all times during the month in the share draft account, there is no fee for maintaining the account. If your balance falls below $300 during the month, there is a monthly maintenance fee. There are other fees which may be charged to your account. (See the fee schedule for a list of fees.) These fees may be changed at our discretion.

Overdraft Protection. Automatic share transfers cover overdrafts by transferring the funds from your share account (if the funds are available in the share account). The Credit Union will first deduct any necessary loan payment amounts and then transfer any available savings to the checking account.

In addition to automatic share transfers, you may apply for an Overdraft Line of Credit. This line of credit has a maximum credit limit of $300. It will cover any number of overdrafts each month by transferring the funds from the loan account to your share draft account (up to the maximum available in the loan account). The line of credit is a loan account that requires a loan application that must be approved. When the loan is accessed, a minimum monthly payment of at least $15 is due within 30 days of the overdraft notice, and each month thereafter, until the loan is paid in full together with dividend.

A check returned for insufficient funds is subject to a fee (see Fee Schedule). The credit union has the option of honoring an NSF check or dishonoring it to avoid the creation of an overdraft. Honoring of past overdrafts does not obligate the credit union to honor them in the future. The credit union is not required to send prior notice of checks returned NSF and you agree to deposit immediately sufficient funds to cover any overdraft and service charges.

Truncated Checks. Your canceled checks will not be returned to you, they will be held by us ("truncated") for you. Your checks will have carbonless copies for you to keep for your records. Your monthly statement will itemize your canceled checks by number, date of clearing and the amount of the check. A copy of any check will be available to you for a small fee (see Fees above).

Stop Payments. You may stop payment on a check drawn on your share draft account with us by notifying us by phone, by mail or in person. If you notify us by phone, you must confirm it in writing within 14 days on a form provided by us. You must include all required information for the stop order to effective. For example, in order for us to follow the stop payment request, the exact amount of the check must be provided. Written stop payment orders, including oral orders confirmed in writing are effective for only six months unless renewed in writing for additional six-month periods. A stop payment order will not be effective on a money order or a check previously certified or paid by us.

The credit union may, for ten days after the date of your death, pay checks drawn before death unless ordered to stop payment by the personal representative or other appropriate person claiming an interest in the account.

Individual Retirement Account (IRA)

Generally. If you are less than age 70½ and have earned income, you may establish an Individual Retirement Account (IRA). Deposits made into an IRA may or may not be tax deductible from your gross annual income; see your tax advisor. Deposits may be made into your IRA account up to $2,000 per year, or your earned income in that year, whichever is less. You may also establish a "rollover" IRA with funds from a qualified pension plan in accordance with the tax laws, or a "transfer" IRA with IRA funds from a different financial institution. There are no maximum deposit limits on rollover or transfer IRAs. Earnings on an IRA account will accumulate tax-deferred until you begin to make withdrawals. You may begin to make withdrawals without tax penalty once you reach age 59½; you must begin to make withdrawals when you reach age 70½. You may choose a lump sum distribution or regular disbursements. A penalty may be incurred for withdrawals made before you reach age 59½. Different rules apply in the event of death or permanent disability. Again, see your tax advisor. Other terms and conditions of your IRA will be disclosed on the 5305A Plan Agreement and Disclosures.

Types of Individual Retirement Accounts. The Credit Union offers one type of IRA account - a variable rate IRA.

Variable Rate IRA. A variable rate IRA can be opened with a deposit. You may make additional deposits at any time, including automatic deposits through payroll deduction or allocation. The account is treated like a share account. The dividend rate and APY may change monthly. Please review the Share Account disclosures above regarding APY, compounding, calculating and crediting dividends.

Life Savings Accounts

NOTE: The terms below apply to Life Savings accounts currently held by members. No new Life Savings accounts are available.

Generally. Life Savings accounts are general savings accounts established by the credit union that carry an insurance policy whereby the insurance company will match the funds in the account upon the death of the accountholder up to a maximum of $2,000.

Rate. The dividend rate earned on this account may change monthly. The dividend rate and APY will be available each business day at our offices. At our discretion, the dividend rate for your account may change at any time. A minimum balance of $100.00 is required to obtain the APY which will be listed.

Calculating, Compounding and Crediting Dividends. We calculate, compound and credit dividends on your Life Savings account in the same manner as we do on your share account. See the disclosure (under Dividends) for these explanations.

Withdrawal. You may withdraw funds from this account at any time during the year. There are no restrictions or penalties other than loss of dividends if funds are withdrawn before dividends are credited.

Christmas Club Accounts

Generally. Members who wish to save for Christmas expenses may wish to establish a Christmas Club account. A Christmas Club account is a savings account with the special purpose of having money available to you at the beginning of November so that you may buy your gifts and cover your holiday expenses. You may use payroll deduction to set up a routine savings plan into your Christmas Club account.

Rate. The dividend rate earned on this account may change monthly. The dividend rate and APY will be available each business day at our offices. At our discretion, the dividend rate for your account may change at any time. A minimum balance of $100.00 is required to obtain the APY which will be listed.

Calculating, Compounding and Crediting Dividends. We calculate, compound and credit dividends on your Christmas Club account in the same manner as we do on your share account. See the disclosure (under Dividends) for these explanations.

Withdrawal. The Credit Union will send you a check for the balance remaining in your Christmas Club Account, to your address on record, at the beginning of each November.

Other Terms & Conditions

Share Insurance. Your savings in the Credit Union are insured up to $100,000 by the National Credit Union Administration (NCUA), an agency of the Federal Government.

Charges. You agree to pay us charges in connection with your accounts in accordance with the fee schedule for deposit accounts in effect from time to time. We will provide at least 15-days advance notice of any increase in current charges, or any new charges. We may deduct any charges from your account. We reserve the right to waive any charges in our sole discretion.

Return of Deposits/Closed Accounts. We may, at any time, in our sole discretion, refuse to accept any deposit, or close any or all of your accounts with us without prior notice to you. Provided, however, we may not terminate your membership in the Credit Union without satisfying the notice provisions of Credit Union law. If we close an account, we will notify you and send you a check for any balance in your account after deducting all applicable charges. Any withdrawal that reduces the amount in an account to zero may automatically close that account. We are not liable for any check, withdrawal or other order after an account is closed. Any checks presented after your account has been closed will be returned unpaid. We reserve the right to advise con­sumer reporting agencies and other third parties of accounts closed for misuse.

Dormant Accounts. The credit union will consider your account dormant (inactive) after 12 months of no deposits or withdrawals on your account. The account will continue to earn dividends.

Statement. You will receive a periodic statement (normally monthly) for your regular share draft account. You will receive a periodic statement (normally quarterly) for your share account or other savings accounts unless you have an electronic funds transfer transaction during a monthly period, or a combined statement. If so, then the savings statement will be sent to you monthly. Each such statement shall show the transactions on your accounts and any charges. We reserve the right not to send statements for accounts we consider inactive.

You should examine the periodic statement carefully and reconcile the account. If there are any discrepancies, the credit union should be notified immediately. You are in the best position to detect an unauthorized signature, a forged endorsement, or an alteration. You have the responsibility for any fraud loss if you fail to exercise reasonable care in examining the statement or fail to report forgeries or alterations to the credit union within 60 days of the mailing date of the earliest statement containing those items. The credit union will not be liable if items were forged or altered such that the fraud could not be detected by a reasonable institution.

Agreement. This Agreement shall be effective and shall govern all savings and share draft accounts with us. By signing a signature card, making deposits or withdrawals, or leaving amounts on deposit, you agree to the terms of this Agreement. This Agreement shall supersede all previous agreements for such accounts. This Agreement shall be governed by the laws of the State of Michigan except as superseded by federal laws and regulations. Any action brought against the Credit Union must be brought in the local State District Court or State Circuit Court in the jurisdiction of the Credit Union's main office.

Amendment. We may change any of the terms of this Agreement at any time without prior notice to you if the change is favorable to you. We may make changes that are adverse to you only if we provide you with at least 15-days advance notice. You may close the account if you do not agree to the changes; if you continue to use the account or keep the account open after the effective date of such change, you will be deemed to have agreed to the changes.

Notices. All notices regarding the account will be posted in our office lobbies or will be sent to you to the address shown on your statement. In the event of joint ownership, notice by or to any one joint depositor shall be deemed noticed by or to all. We reserve the right not to send notice for accounts we consider inactive. Written notices sent to the credit union are not effective until receipt. Written notice to the member is effective when mailed to the address shown on the statement. Notices to us should be sent to:

Unity Credit Union
7240 East 12 Mile Road
Warren, MI 48092

Indemnity. If by following your instructions we are exposed to a claim or suit by an adverse claimant, you shall hold us harmless and indemnify us from any such losses, expenses, liabilities or damages. If you ask us to follow instructions that we believe might expose us to claims, suits, losses, expenses, liabilities or damages, whether directly or indirectly, we may refuse to follow your instructions, or we may require a bond or other protections.

Severability. If any of this Agreement is found by any other court or regulatory body of competent jurisdiction to be invalid or unenforceable in whole or part for any reason whatsoever, the authority of the remaining provisions or portions hereof shall not be affected thereby.

Waiver. We may waive any of these provisions at our sole discretion, but any such waiver will apply only on that occasion. The Credit Union shall not be bound to waive the same provision or any other provision on another occasion.

Offset. We may charge against your account any debt you owe us, now or in the future, without going through any legal process or court proceeding. If this is a joint account, we may charge the debts owed to us by any or all of you against the deposits or any of you. We will notify you if we have exercised our right of offset.

Telephone Requests. You agree (for joint accounts, all joint tenants agree jointly and severally) that funds in any of your accounts with us can be transferred, upon the telephone request of any signor on the account, to another account with us or to any other financial institution. We shall not be responsible for any loss incurred as a result of our acting upon or executing any request, order or instruction we believe to be genuine. Furthermore, we may refuse to execute any telephone request or order.

Information About Your Accounts and About You. Generally, we will not disclose information to third parties about your accounts or about you without your permission. However, we may disclose information: (1) when it is necessary to complete transfers or transactions, or to send notice of dishonor or nonpayment; (2) to our accountants, attorneys or other professional advisors; (3) to credit union or financial institution regulators; (4) to exchange, in the regular course of business, credit information with other financial institutions or commercial enterprises, directly or through credit reporting agencies; (5) to advise third parties of accounts closed for misuse; (6) to furnish information to the appropriate law enforcement authorities when we believe we have been a victim of a crime; (7) to comply with government agency or court orders, or to furnish any information required by statute; (8) to furnish information about the existence of an account to a judgment creditor of yours who has made a written request for such information; (9) when we are attempting to collect an obligation owed to us; or (10) unless otherwise prohibited by law. In addition, you understand and agree that we may, from time to time, request and review credit reports and other information about you prepared by credit reporting agencies or others.

Section Headings. Section headings in this Agreement are for convenience of reference only and shall not govern the interpretation of any of the provisions of this Agreement.

Unity Credit Union Fee Schedule

These fees are effective from May 1, 2013.

Service Fee
Share Draft
Monthly statement fee under $300 balance - $3.00 over $300 balance - no charge
Non-sufficient funds $12.00
Stop Payment $10.00 per item requested or on a set of drafts all in sequential order
Certified Draft $5.00
Share/Loan Overdraft To Clear Draft/ACH $1.00 each item
"Exceeded Reg D Trans Limit" Manual Post Fee $1.50 each item
Microfilm Copy Credit Union Generated $5.00 each
Share Draft Phone Inquiries (non audio) $3.00 (Three drafts or less) $5.00 (Four drafts or more)
Share Draft Reconcilement $25.00 per hour (by Appointment Only)
Share Draft Printing Prices may vary
ATM Transactions
"ALL" Withdrawals $1.00
Balance Inquiry $.50
ATM Card $5.00, duplicate or second
ATM P.I.N. duplicate $2.00
Miscellaneous Fees
Stop Payment Unity Corporate Draft $10.00
Photocopy Unity Corporate Draft $5.00
Certified Unity Corporate Draft $5.00
Excessive Unity Corporate Drafts $2.00 for each corporate draft (above two) during the same day
Statement Copy $1.00 (per page)
USPS Automated Address Change Update for Returned Mail $2.00
Transaction History $1.00 (per page)
Electronic Funds Return $12.00
Account Research $25.00 per hour
Deposited Item Return Fee $15.00 1st time
$20.00 2nd time (same item)
Inactive Account Fee $3.00 per each inactive month up to one year or $36, annual once a year
Excessive Withdrawal $3.00 as determined by management (can avoid by opening Foundation Account)
Health Insurance Handling Fee $1.00 each premium forwarded by Credit Union
Telephone Transfer (non audio) $.50 per transfer
Membership Laminated Card replacement or duplicate $2.00 Credit Union generated
VISA payment forwarding $2.00
ACH Stop Debits $10.00
ACH Notice of Change $2.00
 

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