- CONSUMER DISCLOSURE STATEMENT
- In Accordance with Regulation E Electronic
The following are terms and conditions of the
electronic transfer service that may be offered at Midwest Carpenter &
Millwrights Federal Credit Union
DISCLOSURE OF CONSUMER'S
LIABILITY FOR UNAUTHORIZED TRANSFERS AND OPTIONAL DISCLOSURE OF ADVISABILITY OF PROMPT
disclosure. Tell us AT ONCE if you believe your card/code has been lost or
stolen. Telephoning is the best way of keeping your possible losses down. You
could lose all the money in your account plus your maximum overdraft line of credit. If you believe your card/code has been lost or
stolen, and you tell us within 2 business days after you learn of the loss or theft, you
can lose no more than $50 if someone used your card/code without your permission.
If you do NOT tell
us within 2 business days after you learn of the loss or theft of your card/code, and we
can prove we could have stopped someone from using your card/code without your permission
if you had told us, you could lose as much as $500.
Also, if your
statement shows transfers that you did not make, tell us at once. If you do not tell
us within 60 days after the statement was mailed to you, you may not get back any money
you lost after the 60 days if we can prove that we could have stopped someone from taking
the money if you had told us in time.
If a good reason
such as a long trip or a hospital stay kept you from telling us, we will extend the time
DISCLOSURE OF TELEPHONE
NUMBER AND ADDRESS TO BE NOTIFIED IN EVENT OF UNAUTHORIZED TRANSFER
telephone number. If you believe your card/code has been lost or stolen or
that someone has transferred or may transfer money from your account without your
permission, call: (219) 947-1568
- or write:
Midwest Carpenter & Millwrights
Federal Credit Union
680 Union Street
Hobart, IN 46342
DISCLOSURE OF WHAT
CONSTITUTES BUSINESS DAY OF INSTITUTION
Monday, Tuesday, Wednesday, Thursday,
Friday 7:00 a.m. - 4:00 p.m.
Saturday and Sunday Closed
DISCLOSURE OF TYPES OF
AVAILABLE TRANSFERS AND LIMITS ON TRANSFERS
- 1. Account access. You may use
your card/code to:
- a. Withdraw cash from your
checking or savings account.
- b. Make deposits to your
checking or savings account.
- 2. Transfer funds between your
checking and savings accounts whenever you request.
- 3. Limitations on dollar amounts of
- a. You may withdraw up to
$100.00 from our terminals each day, unless approved for higher amount.
DISCLOSURE THAT ACCESS DEVICE
IS NOT VALIDATED AND HOW TO DISPOSE OF DEVICE IF VALIDATION IS NOT DESIRED
Account using cards.
YOU CANNOT USE THE ATM CARD TO TRANSFER MONEY INTO OR OUT OF YOUR ACCOUNT UNTIL WE HAVE
VALIDATED IT. IF YOU DO NOT WANT TO USE THE CARD. PLEASE DESTROY IT AT ONCE BY
CUTTING IT IN HALF.
DISCLOSURE OF ACCOUNT
INFORMATION TO THIRD PARTIES
(a) Account Information
disclosure. We will disclose information to third parties about your
account or the transfers you make:
- (1) Where it is necessary
for completing transfers.
- (2) In order to verify the
existence and condition of your account for a third party, such as a credit bureau or
- (3) In order to comply with
government agency or court orders.
- (4) If you give us your
DISCLOSURE OF RIGHT TO
RECEIVE DOCUMENTATION OF TRANSFERS
- (a) Terminal transfers.
You can get a receipt at the time you make any transfer to or from your account using one
of our automated teller machines.
- (b) Preauthorized credits.
If you have arranged to have direct deposits made to your account at least once every 60
days from the same person or company, you can call us at (219) 947-1568 to find out
whether or not the deposit has been made.
- (c) Periodic statements.
Depending on the types of services you participate in, you will receive
account statements either monthly or quarterly.
DISCLOSURE OF RIGHT TO STOP
PAYMENT OF PREAUTHORIZED TRANSFERS, PROCEDURE FOR DOING SO, RIGHT TO RECEIVE NOTICE OF
VARYING AMOUNTS, AND FINANCIAL INSTITUTION'S LIABILITY FOR FAILURE TO STOP PAYMENT
(a) Right to stop payment
and procedure for doing so.
(b) If you have told us in
advance to make regular payments out of your account, you can stop any of these payments.
- Here's how:
- Call us at:
- Write us at:
680 Union Street
Hobart, IN 46342
in time for us to receive your request
3 business days or more before the payment is scheduled to be made. If you call, we
will also require you to put your request in writing and get it to us within 14 days after
you call. We will charge you $7.50 for each stop-payment order you give.
(b) Notice of varying
amount. If these regular payments may vary in amount, the person you are going
to pay should tell you, 10 days before each payment, when it will be made and how much it
will be. You may choose instead to get this notice only when the payment would
differ by more than a certain amount from the previous payment, or when the amount would
fall outside certain limits that you set.
(c) Liability for failure to
stop payment of preauthorized transfer. If you order us to stop one of these
payments 3 business days or more before
the transfer is scheduled, and we do not do so, we will be liable for your losses or
DISCLOSURE OF FINANCIAL
INSTITUTION'S LIABILITY FOR FAILURE TO MAKE TRANSFERS
(a) Liability for failure
to make transfers. If we do not complete a transfer to or from your
account on time or in the correct amount according to our agreement with you, we will be
liable for your losses or damages. However, there are some exceptions. we
will not be liable, for instance:
- (1) If , through no fault of
ours, you do not have enough money in your account to make the transfer.
- (2) If the transfer would go
over the credit limit on your overdraft line.
- (3) If the automated teller
machine where you are making the transfer does not have enough cash.
- (4) If the terminal was not
working properly and you knew about the breakdown when you started the transfer.
- (5) If circumstances beyond
our control (such as fire or flood) prevent the transfer, despite reasonable precautions
that we have taken.
- (6) There may be other
exceptions stated in our agreement with you.
IN CASE OF ERRORS OR
QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS
- TELEPHONE US AT: (219) 947-1568
- WRITE US AT: 680 Union Street
- Hobart, IN 46342
as soon as you can, if you think your
statement or receipt is wrong or if you need more information about a transfer listed on
the statement or receipt. We must hear from you no later than 60 days after we sent
the FIRST statement on which the problem or error appeared.
- (1) Tell us your name and account number (if
- (2) Describe the error or the transfer you are
unsure about, and explain as clearly as you can why you believe it is an error or why you
need more information.
- (3) Tell us the dollar amount of the suspected
- If you tell us orally, we may
require that you send us your complaint or question in writing within 10 business days.
We will tell you the
results of our investigation within 10 business days after we hear from you and will
correct any error promptly. If we need more time, however, we may take up to 45
days to investigate your complaint or questions. If we decide to do this, we will
recredit your account within 10 business days for the amount you think is in error, so
that you will have the use of the money during the time it takes us to complete our
investigation. If we ask you to put your complaint or question in writing and we do
not receive it within 10 business days, we may not recredit your account.
If we decide that
there was no error, we will send you a written explanation within 3 business days after we
finish our investigation. You may ask for copies of the documents that we used in
We may amend all terms and conditions at any time, but will give you notice 45 days before the
amendment becomes effective if the amendment will result in increased charges or liability
to you or stricter limitations on the transfers you may make. Such notice may be
mailed to you at the last address of record on our files.
(a) If, however, an immediate
change in terms and conditions is necessary for security reasons, we may amend these terms
and conditions without prior notice.
(b) We reserve the right to levy
service fees in accordance with fee schedules adopted by the credit union from time to
time. If other terms and conditions set by us are in conflict with this disclosure,
this CONSUMER DISCLOSURE STATEMENT will prevail.
Your ATM card may be used at all CIRRUS
& Star Teller machines.
SEE US FOR YOUR OTHER FINANCIAL
Savings - Visa - Share Certificates -
IRA's - Share Drafts - Auto Loans - Line of Credit - ATM - Voice Response - Mortgages -