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 REPORTING
Liability 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 periods.
DISCLOSURE OF TELEPHONE NUMBER AND ADDRESS TO BE NOTIFIED IN EVENT OF UNAUTHORIZED TRANSFER
Address and 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
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
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:
DISCLOSURE OF RIGHT TO RECEIVE DOCUMENTATION OF TRANSFERS
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.
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 damages.
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:
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS
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.
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 our investigation.
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.
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