• Account Disclosure
  
  
• Loanliner Disclosure
  
  
• Visa Disclosure
  
  
• Visa Debit Card Disclosure
  
  

Account Disclosure


ACCOUNT DISCLOSURE EFFECTIVE 5/5/00


This agreement is subject to Federal Law, Missouri State law, our Bylaws, and applicable rules and regulations. The body of law that governs the account relationship is too large to be reproduced here. This document strives to:


1) Summarize laws that apply to common transactions.

2) Establish rules for certain transactions or events.

3) Provide disclosures of some of our policies.


The words "we", "our", and "us" mean the financial institution and the words "you" and "your" mean the account holder(s) and anyone else with the authority to deposit, withdraw, or exercise control over funds in the account. The headings are for convenience or reference only and will not govern the interpretation of the provisions. Words and phrases used in this document should be construed so the singular includes the plural and the plural includes the singular. If any provision of this document is found to be unenforceable, all remaining provisions will continue in full force and effect. Any variations from our standard agreement must be in writing either on the signature card or other official document.


ACCOUNT ASSIGNMENTS require prior written approval from us.


ACCOUNT OWNERSHIP is governed by the account (membership) card for that account and ownership may be changed by a new account card submitted by the "Primary Member" (owner). The "Primary Member" is the first name on the account card; all other persons are considered "Joint Owners". We reserve the right to refuse some forms of ownership on any account. We make no representations as to the appropriateness or effect of the ownership or beneficiary designations, except to determine who may withdraw funds. The following rules will apply to accounts depending on the form of ownership.


Individual Account - Is an account owned by one person.


Joint Account with Right of Survivorship (And Not as Tenants In Common) is owned by two or more persons. Each of you intend that upon your death the balance in the account will belong to the survivor. If two or more of you survive, you will own the balance in the account as joint tenants with right of survivorship and not as tenants in common. Joint owners may conduct any business on this account, except only the primary member may make changes to the account card, close the account, make a loan, vote at the annual membership meeting, or hold an elected position.
Payable on Death Accounts (subject to the Nonprobate Transfers Law of Missouri) exists when the owner designates a beneficiary on the account card. Beneficiaries cannot withdraw unless:


1) all persons creating the account die,

2) not covered by a separate share agreement, and

3) the beneficiary is still living. If two or more beneficiaries are named and survive the death of all persons creating the account, such beneficiaries will own the account in equal shares, without right of survivorship.


The owner creating this account reserves the right to:


1) change beneficiaries,
2) change account types, or
3) withdraw all or part of the funds at any time. Any payment made by us to any beneficiaries shall satisfy the requirements of this payable-on-death provision without necessity of determining whether any other person shall have an interest in the account. Beneficiaries do not take as lineal descendants per stirpes (no LDPS).
Accounts for Trusts Created by Written Agreement are held in the name of a trustee of a trust of which a member is grantor, trustee or beneficiary. Payment of part or all of such trust account, to the extent of such payment, shall discharge the liability of the credit union to the grantor(s), trustee(s), and beneficiaries. The credit union shall be under no obligation to see to the application of such payment by the trustee(s).


Organizational Accounts must fully complete a club account card and we may require the governing body of the organization to give us a separate authorization or Board resolution form authorizing who may act on its behalf. The designated person(s) will have the ability to transact any business at the credit union in the name of the legal entity (ie. deposits, withdrawals, and transfers).


ACH AND WIRE TRANSFERS are subject to Article 4A of the Uniform Commercial Code - Fund Transfers as adopted by the state of Missouri. If you originate a fund transfer for which Fedwire is used, and you identify by name and number a beneficiary financial institution, an intermediary financial institution or a beneficiary, we and every receiving or beneficiary financial institution may rely on the identifying number to make payment. We may rely on the number even if it identifies a financial institution, person or account other than the one named. You agree to be bound by automated clearing house association rules. These rules provide, among other things, that payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Uniform Commercial Code. If we receive a credit to your account by wire or ACH, we are not required to give you any notice of the credit.


AMENDMENTS may be made to our bylaws or any term(s) of this agreement. Rules governing changes in rates are provided later. For other changes we will give you reasonable notice in writing or by any method permitted by law. If you violate any terms of this agreement, we may suspend your rights to membership services by giving you reasonable notice. Reasonable notice includes a notice in your account statement or a separate notice mailed to your last known address. Reasonable notice from us to any owner is notice to all owners. We may close your membership if your share savings account falls below $25.00. You must inform us of address changes in a timely manner.


AUTHORIZED SIGNER (Individual Accounts Only) are designated by owner to conduct transactions on the owner’s behalf. We have no obligation to monitor transactions to determine owner benefit.


BYLAWS establish basic rules about credit union policies and operations affecting your account and membership. You may request a copy of our bylaws. Our right to require you to give us notice of your intention to withdraw funds from your account is described in the bylaws.


DEPOSITS will receive PROVISIONAL CREDIT until collection is final for all items, other than cash (including items drawn "on us"). Actual credit for deposits of foreign currency or checks will be at the exchange rate in effect at the time of final collection in U.S. dollars. We are not responsible for transactions by mail or those made at an outside depository until we post them to your account. We will treat and record all transactions received after our "business day cutoff time" or received on a day we are not open for business, as if received on the following business day.


DIRECT DEPOSITS which should have been returned to the Federal Government for any reason, may be deducted from the account or from any other account you have with us, without prior notice. We may also use any legal remedy to recover the amount of our liability.


FACSIMILE SIGNATURES may be used at any time by us to honor all checks, drafts, or other orders to pay that are drawn on us regardless of by whom or by what means the facsimile signature(s) may have been affixed. The signature should resemble the facsimile signature specimen filled out with us, and contain the required number of signatures for this purpose.


GARNISHMENTS are a legal action including loan levy, tax levy, or child support orders. We shall not be liable to you for withdrawing funds or restricting the account even if such action leaves insufficient funds to honor other presented items. Any legal action against the account is subordinate to our lien.


LIABILITY means you (and any person or entity you represent) agree to the terms governing this account and its schedule of fees. You authorize us to deduct any charges due directly from your account(s). All parties agree to be jointly and severally (individually) liable for any account shortage resulting from a charge(s) or overdraft(s), whether caused by you or another with access to the account. This liability is due immediately, and can be deducted directly from your account. This includes our costs to collect any deficit to the extent permitted by law, including reasonable attorney’s fees.


PLEDGES grant us a security interest in all or part of your account(s) for any loan or other obligations whether individually or jointly made or owed and you hereby agrees that this account is subject to set-off by any statutory lien of the credit union. Any pledge, right to set-off, or statutory lien affecting this account (including charges, fees, NSF items, or overdraft amounts) must first be satisfied before the rights of any owner, joint owner, pay-on-death beneficiary, or trust account beneficiary becomes effective. This right may be exercised without obtaining a court judgment or as otherwise permitted by law. Each account owner may pledge any part of the funds in the account.


POSTDATED CHECKS shall be immediately charged to your account even though payment was made before the check date. We are obligated to honor checks when presented.


PAID CHECKS are not returned, however, you may request a photocopy of any item(s). They are available for a fee.


RESTRICTIVE LEGENDS or ENDORSEMENTS may not be honored by us. Examples are as follows: "must be presented within 90 days", "not valid for more than $1,000.00", "payment in full" or "final payment".


STATEMENTS are required to be examined with "reasonable promptness". If you discover any unauthorized items, you must promptly notify us of the relevant facts. If you fail to do this, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we used ordinary care and, if not, whether we substantially contributed to the loss). The loss could be for items on the statement but also other items having unauthorized signatures.


You agree that the time you have to examine your statement and report any items to us shall not exceed 30 calendar days from when the statement is sent or made available to you.


You further agree that if you fail to report any unauthorized signatures, alterations, forgeries, or any other errors in your account within 60 days of when we sent or made the statement available, you cannot assert a claim against us on any items in that statement, and the loss will be entirely yours. This 60-day limitation is without regard to whether we used ordinary care. The limitation in this paragraph is in addition to that contained in the first paragraph of this section.


STATUTORY LIEN ON ALL SHARES in your account with us including certificates of deposit, now or hereafter deposited, whether held individually or jointly, are subject to a statutory lien under #370.250 RSMo, as amended from time to time for, and to the extent of any obligation you owe us. This lien shall be separate from and in addition to any lien, pledge, security interest or right of set-off created with you by agreement or otherwise; deemed a perfected lien for all shares on deposit with us and we may allow you to withdraw shares without waiving this lien on any remaining shares; and, any share on which we have a lien shall not be subject to garnishment, or other legal process by a creditor. You can not hold us liable for any check(s) or draft(s) dishonored by us because we charged and deducted the amount owed to us from your account(s). You agree to hold us harmless for any claim arising as a result of us exercising our right to exercise this lien.


STOP PAYMENTS shall be honored by us upon a written request of any member or authorized agent regardless of who signed the item and entry into our computer system. A stop payment order may be terminated only by the person who authorized it. Stop-payment orders must give us reasonable time to act prior to any stop-payment cutoff time. We initiate stop pays via a computer block on your account, therefore, your stop pay order must exactly identify the account number, check number, date, amount of the item, and the payee. Any incorrect information may result in the payment of the check by us.


TELEPHONE TRANSFERS from one account to another account with us may be made by the same persons under the same conditions generally applicable to withdrawals made in writing. Other account transfers are described elsewhere.


WITHDRAWAL or transfer of any part of the available account balance may be made by any person signing as owner or joint owner on the Membership Card. Persons signing the signature card are authorized to endorse any items payable to you or to your order for deposit to this account. We may refuse any withdrawal or transfer request if it is by a method not specifically permitted, exceeds the balance in your account, greater in number than the frequency permitted, or which is for an amount greater or less than our withdrawal limitations. Honoring a share withdrawal request on uncollected funds or an account overdrawn will not limit our option to refuse to do so in the future. We may treat abuse of your account as your request to close the account. We reserve the right to close, upon notice, any checking account that reflects activity that is not acceptable to us.


ELECTRONIC FUND TRANSFERS
Federal Reserve Bank - Regulation E
Indicated below are types of Electronic Fund Transfers (EFT) we are capable of handling, some of which may not apply to your account. Please read the disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.


PATT (Personal Automated Telephone Teller) transfers may be accomplished by telephone 24 hours a day by calling (417)831-2358 or (800)864-5334 and using your personal identification number (PIN), a touch tone phone, and your account number to perform the following functions:


1) Obtain account balances, and check clearings.

2) Transfer funds from checking to savings or savings to checking.

3) Make loan payment transfers from checking or savings accounts.

4) Obtain loan information such as payment amount, or payoff amounts.


ATM MACHINES (Automated Teller Machine networks: CIRRUS, STAR, HONOR, MEMBER ACCESS, and THE EXCHANGE) will allow you to transfer, deposit, and withdraw funds from your account by using your ATM card and your PIN (personal identification number) at any of the above networks. Some of these ATM services may not be available at all ATMs. Some limitations apply:


1) There is a limit on the number and dollar amount of transactions you can make at any ATM for security reasons.

2) Withdrawal from your checking or savings account is limited to the available balance in your account, ATM machine limits, or POS limits.

3) Withdrawal from your checking or savings account is limited to $100.00 per day when the ATM or POS machine is off-line.


Special Notice – ATM fees by others may apply to you if you use an ATM that is not operated by us. You may be charged a fee by the operator of the machine and/or by an automated transfer network.


OUR FEES are listed on a separate fees schedule insert.


1) We do not charge for direct deposit or EFT transfers to any share account type.

2) We do not normally charge for preauthorized payments from any share account.


DOCUMENTATION forms will be provided at the time of a personal transaction. A machine imprinted form will be provided at an ATM or POS terminal.

Periodic statements are provided as transaction summaries and are produced monthly on all active checking accounts and quarterly on all other accounts.


PREAUTHORIZED CREDITS (direct deposits) can be accepted directly into your checking or savings account. If you have direct deposits to your account at least once every 60 days from the same person or company, they will inform you every time they send us money, or you can call us at (417) 831-0534 to verify that the deposit has been made.


PREAUTHORIZED DEBITS (payments) can be made to pay certain recurring bills from your checking or savings account. If the payment varies in amount, they will inform you of when and how much to pay 10 days before each payment.

Right to stop payment on any preauthorized debits is done by writing to us at the address listed in this brochure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call in your stop payment, we require you to put your request in writing and get it to us within 14 days after you call.

Liability for failure to stop a preauthorized debit after we have been given 3 business days or more notice, prior to the scheduled date, will become our liability to you for actual monetary losses or damages.


FINANCIAL INSTITUTION is liable for failure to make transfers in the correct amount or in a timely manner on your account according to the terms of our agreement. We will be liable for some of your losses or damages, except as follows:


1) Through no fault of ours, you do not have enough money in your account.

2) You have a line of credit and the transfer would exceed your credit limit.

3) Automated teller machine utilized for the transfer was not working.

4) Our terminal or system was not working properly and you knew about the breakdown when you started the transfer.

5) Circumstances beyond our control (such as fire, or flood) prevents the transfer.


MEMBER ACCOUNT INFORMATION shall remain confidential and shall not be provided to a third party, except as follows:


1) We have been given written permission by the member or joint owner.

2) We verify the existence/condition of accounts to a third party (ie credit bureau).

3) We have been provided written assurance by vendor before any disclosure.

4) We are required to comply with a governmental agency request or a court order.


UNAUTHORIZED TRANSFERS under Consumer Liability Laws require you to TELL US AT ONCE if you believe your card and/or PIN code has been lost or stolen. Telephone SWTCU at 417-831-0534 to limit your possible losses. You could lose all the money in your account (plus your maximum overdraft line of credit). Telling us within 2 business days can limit your loss to $50 if someone used your card and PIN 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 and/or PIN code, and we can prove we could have stopped someone from using your card and/or PIN code without your permission 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 can not recover any money you lost if we can prove that we could have stopped someone from taking the money if you told us in a timely manner. If a good reason (such as a long trip or hospital stay) kept you from telling us, we will extend the time periods.


ERROR RESOLUTION NOTICE is as follows: In case of errors or questions about your electronic transfer, call or write us at the telephone number or address listed on the front panel of this brochure, 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. Description of error should include the following:


1) Tell us your name and account number (if any).

2) Tell us the date and dollar amount of the suspected error.

3) Describe the error or transfer in question and why you believe it is an error.


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, we may take up to 45 days (up to 90 days if the transfer involved a point-of-sale transaction or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will provisionally credit 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 credit 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.


AVAILABILITY OF FUNDS & COLLECTION OF CHECKS
Federal Reserve Bank - Regulation CC
Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written. Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and Federal Holidays. If you make a deposit on any business day we are open, we will consider that day to be the day of your deposit. However, if you make a deposit (night drop) after closing or on a day we are closed, we will consider that deposit to be made on the next business day we are open.

If you make a deposit at an ATM before 12:00 P.M. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at an ATM after 12:00 P.M. or on a day we are closed, we will consider that deposit to be made on the next business day.

If we cash or accept for deposit a check from you that is drawn on another bank, we may withhold availability of other funds in this account for immediate withdrawal or the availability of funds from another account you have with us. Those funds will be available to you at the time funds from the check we cashed or accepted for deposit are available to us.


LONGER DELAYS MAY APPLY on a case-by-case basis regarding funds that you deposit by check.

The first $100 of your deposits may be available immediately to you and the remainder will be available to you on the second (2) business day after the day of your deposit. However, funds may not be available until the (5)fifth business day after the day of your deposit, depending on the type of check. If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you need the funds available immediately from a deposit, please ask when funds are available.

As a Safeguard funds deposited by a check may be delayed for a longer period if:


1) We believe a check you deposited will not be paid.

2) You deposited checks totaling more than $5,000 on any one day.

3) You redeposited a check that has been returned unpaid.

4) You have overdrawn your account repeatedly in the last six months.

5) There is an emergency, such as computer or communications equipment failure.


We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the tenth (10) business day after the day of your deposit.


TRUTH-IN-SAVINGS DISCLOSURE


SHARE SAVINGS ACCOUNT


Average Daily Balance computation method - Dividends are calculated by applying a periodic rate to the average daily balance in the account for the quarter. The average daily balance is calculated by adding the balance in the account for each day of the quarter and dividing by the number of days in the quarter.

Crediting and Compounding - Dividends will be credited and compound quarterly.

Dividend period - For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is 1/1, and the ending date of such dividend period is 3/31. All other dividend periods follow this same date pattern. The dividend declaration date is the last day of the quarter, in the example above its 3/31. If you close your account before dividends are paid, you will not receive the accrued dividend.

Fees & Charges - Membership fee of $1.00 when account is opened.
Minimum balance requirements - The minimum balance required to open this account is the purchase of one par value share ($25.00) in the credit union. You must maintain a monthly minimum average daily balance of $100.00 in your share savings account to obtain the disclosed Annual Percentage Yield (APY).

Transaction limitations - During any month, you may not make more than three withdrawals or transfers to another account of yours or to a third party by an electronic preauthorized means as automatic transfers, telephonic orders, or similar orders to a third party. If you exceed the transfer limitations set forth above a fee shall be assessed.


CHECKING ACCOUNT (SHARE DRAFT)


Minimum balance requirements - No minimum account balance required.
Statement Frequency - Statements will be provided on a monthly basis unless no activity has occurred on the account.

Transaction limitations - No transaction limitations apply to this account.


MONEY MARKET ACCOUNT


Average Daily Balance computation method - Dividends are calculated by applying a periodic rate to the average daily balance in the account for the monthly. The average daily balance is calculated by adding the balance in the account for each day of the monthly and dividing that figure by the number of days in the monthly.

Crediting and Compounding - Dividends will be credited and compound monthly.

Dividend period - For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is 1/1, and the ending date of such dividend period is 1/31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the month. If you close your account before dividends are paid, you will not receive the accrued dividends and for the example above is 1/31.

Fee and charges - A withdrawal fee of $3.00 will be charged for each withdrawal in excess of three during a month.

Minimum balance requirement - You must maintain a minimum average daily balance of $2500.00 in your account to obtain the disclosed annual percentage yield.

Transaction limitations - No more than three withdrawals are allowed monthly.


INDIVIDUAL RETIREMENT ACCOUNT


Average Daily Balance computation method - Dividends are calculated by applying a periodic rate to the average daily balance in the account for the quarter. The average daily balance is calculated by adding the balance in the account for each day of the quarter and dividing by the number of days in the quarter.

Crediting and Compounding - Dividends will be credited and compound quarterly.

Dividend period - For this account type, the dividend period is quarterly, for example, the beginning date of the first dividend period of the calendar year is 1/1, and the ending date of such dividend period is 3/31. All other dividend periods follow this same date pattern. The dividend declaration date is the last day of the quarter, in the example above its 3/31. If you close your account before dividends are paid, you will not receive the accrued dividend.

Minimum balance requirements - You must maintain a minimum average daily balance of $100.00 in your account to obtain the disclosed annual percentage yield.

Transaction limitations - No transaction limitations apply except as stated in your IRA Plan Agreement or federal law.


CHRISTMAS CLUB ACCOUNT


Crediting and Compounding - Dividends are credited and compounded annually.

Dividend period - For this account type, the dividend period is annually. The dividend declaration date is 9/30. If you close your account before dividends are paid, you will not receive the accrued dividends on 9/30.

Minimum balance requirements - No minimum account balance required.
Average Daily Balance computation method - Dividends are calculated by applying a periodic rate to the average daily balance in the account for the year. The average daily balance is calculated by adding the balance in the account for each day of the year and dividing by the number of days in the year. The period we use is annual.

Transaction limitations - Withdrawals made from this account before the club’s year end (9/30) will cause this account to be closed.


CERTIFICATE OF DEPOSIT


Average daily balance computation - Interest is calculated based on the amount deposited and time period specified on the certificate issuance notice.

Automatically renewable account - Certificates will automatically renew at maturity. You may prevent renewal by written notification 5 days prior to maturity. Automatic renewal will be for the same term as the original certificate.

Crediting and Compounding - Interest will be credited at certificate maturity. Only six (6) month Certificates that renew will compound interest Semi-Annually. All other Certificates (12 months & 24 months) will not compound interest.

Early withdrawal penalties - A penalty will be imposed on amounts withdrawn from certificates before maturity. The early withdrawal penalty will be equal to $100.00 or 90 days of certificate interest, whichever is greater. In some circumstances, such as emergency, incompetence or death of the owner, the President may waive the early withdrawal penalty. IRA certificate holders should check carefully their plan disclosure information before making any withdrawals.

Grace Period - You have a grace period of 10 days following maturity of a certificate to add or withdraw funds without being charged the early withdrawal penalty.

Interest Rate information - The interest rate on your certificate and the annual percentage yield on your certificate will remain constant for the certificate term.

Minimum balance requirements - The minimum balance required to open a certificate is $1,000.00. You must maintain a minimum balance of $1,000.00 in your account or the certificate will be cancelled and early withdrawal penalty charged.

Time requirements - Individual Certificates may be issued for intervals of either 6 month, 12 month, or 24 month.

Transaction limitations - You can not make deposits into a certificate except at certificate maturity. You may withdraw principal from your certificate before maturity only if we agree prior to making such withdrawal. Principal withdrawn is subject to an early withdrawal penalty. You cannot withdraw interest from a certificate before maturity. A member may have multiple certificates.


COMMON FEATURES


Accrual of dividends - Dividends will accrue on the business day you place cash or non-cash items (checks) on account.

Bylaw requirements - You must complete payment of one par value share ($25) in your Share account as a condition for admission to membership.

Kirby Kangaroo Accounts - This child club account designation requires a minimum of $5.00 to open and minimum of $25.00 on deposit within 6 months. It is limited to individuals ranging in age from 1 day to 11 years.

National Credit Union Share Insurance Fund - Member funds in the credit union are federally insured by the National Credit Union Share Insurance Fund.

Nature of dividends -Dividends are paid from current income and available past earnings, after all required transfers to reserves have been made at the end of a dividend period.

New Attitudes - This teen club account designation requires a minimum of $5.00 to open and minimum of $25.00 on deposit within 6 months. It is limited to individuals ranging in age from 12 years to 18 years.

Prime Time - This age 55 and older club account designation offers, a discount on any style of check ordered (limited to one box per year), a discount on safe deposit box rental, free travelers gift checks, social outings and informational seminars.

Rate Information - The dividend rate on all account is variable and as such is periodically set by the credit union Board of Directors.

Transaction limitation - We reserve the right at any time to require a sixty day notice in writing before each withdrawal from an interest-bearing account other than a time deposit. This transaction withdrawal limitation is contained in our Bylaws and/or by Regulation.






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Loanliner Disclosure


CREDIT AGREEMENT AND TRUTH IN LENDING DISCLOSURE


The LOANLINER ® Credit Agreement and Truth in Lending Disclosure will be referred to as "this Plan". "You" and "your" mean each person who signs the Plan. The "credit union" means the credit union whose name appears above or anyone to whom the credit union transfers its rights under this Plan.


HOW THIS PLAN WORKS


The credit union anticipates that you will borrow money (called advances) under this Plan from time to time. The credit union, however, is not required to make advances to you under this Plan and can refuse a request for an advance at any time. The Addendum describes the different types of credit (called subaccounts) available under this Plan. If you have been approved for credit under a subaccount marked with a star (*), you will be given a specific credit limit for that subaccount. For other subaccounts you may not be given a specific dollar limit.


PROMISE TO PAY


You promise to repay to the credit union all advances made to you under this Plan and any applicable charges described in the Addendum together with interest on what you owe until the total amount has been repaid. The interest rate depends on the subaccount under which the advance is made. The Addendum shows the current interest rates as daily periodic rates and their corresponding annual percentage rates. If the interest rate for any or all advances is a variable interest rate, the Addendum explains how the variable interest rate works.


PAYMENTS


The amount of payments for an advance is determined according to the payment schedule in the Addendum. Payments are due on the last day of each month unless a different date is set by the credit union at the time of an advance. If the Addendum has no payment schedule for a subaccount, the amount and due date of payments will be determined at the time of each advance.


Payments must include any amount past due and any amount by which you have exceeded any credit limit you have been given for a subaccount. You may prepay all or part of what you owe at any time without any prepayment penalty.


COST OF CREDIT


The dollar amount you pay for money borrowed is called a finance charge, and begins on the date of each advance. To compute the finance charge, the unpaid balance for each day since your last payment (or since an advance if you have not yet made a payment) is multiplied by the applicable daily periodic rate. The sum of these amounts is the finance charge owed. The balance used to compute the finance charge is the unpaid balance each day after payments and credits to that balance have been subtracted and any new advances have been added. A finance charge will be computed separately for each separate balance under this Plan.


SECURITY INTEREST


You agree that all advances under this Plan will be secured by the shares and deposits in all joint and individual accounts you have with the credit union now and in the future. Additional security will be required depending on the subaccount under which an advance is requested. For example, a subaccount called "New Car Advances" means the security will be a new car. Shares and deposits in an Individual Retirement Account any other account that would lose special treatment under state or federal law if given as security are not subject to the security interest you have given in your shares and deposits.


Property given as security under this Plan or for any other loan will secure all amounts you owe the credit union now and in the future. However, for advances made under this Plan, the credit union specifically waives any security interest it may have in your dwellings given through any other mortgages or security agreements.


DEFAULT


You will be in default if you do not make a payment of the amount required when it is due. You will be in default if you break any promise you made under this Plan or if anyone is in default under any security agreement made in connection with an advance under this Plan. You will be in default if you die, file for bankruptcy, become insolvent, if you make any false or misleading statements in any credit application or update of credit information, or if something happens which the credit union believes may substantially reduce your ability to repay what you owe.


When you are in default and after expiration of any right you have under applicable state law to cure your default, the credit union can demand immediate payment of the entire unpaid balance under this Plan without giving you advance notice. If immediate payment is demanded, you will continue to pay interest, at the applicable interest rates in effect under this Plan, until what you owe has been repaid. If a demand for immediate payment has been made, the shares and deposits given as security for this Plan can be applied towards what you owe. The credit union can also exercise any other rights given by law when you are in default.


PROPERTY INSURANCE


You will be required to purchase property insurance on certain types of security that you give for advances. You may purchase the property insurance from anyone you choose that is acceptable to the credit union.


CANCELLING OR CHANGING THIS PLAN


The credit union has the right to change the terms of this Plan from time to time after giving you any advance notice required by law. Any change will apply to future advances, and at the discretion of the credit union, and subject to any requirements of the applicable law, will also apply to unpaid balances. An increase in the daily periodic rate under a variable interest rate is not considered a change in terms under this Plan.


The credit union can cancel the entire Plan or any part of this Plan at any time. You can cancel the Plan at any time. You obligation to pay the unpaid balance under the terms of this Plan continues whether you or the credit union cancel this Plan or any part of this Plan.


STATEMENTS AND NOTICES


On a regular basis you will receive a statement showing all transactions under this Plan during the period covered by the statement. Statements and notices will be mailed to you at the most recent address you have given the credit union in writing. Notice to any one of you will be notice to all.


JOINT ACCOUNTS


If this is a joint account, each of you authorizes the other(s) to get advances individually under this Plan. That means an advance can be made upon the request of only one of you and that the check can be issued to only one of you. If you give inconsistent instructions, the credit union can refuse to follow you instructions. Each of those who sign this Plan will be individually and jointly responsible for paying the entire amount owed under this Plan against any one of you individually or against all of you together.


UPDATING INFORMATION


You promise that you will promptly give the credit union written notice if you move, change your name or employment, or if any other information you provided to the credit union changes. You also agree to provide the credit union updated financial information about yourself upon request.


The credit union can delay enforcing any of its rights any number of times without losing its rights. If the law makes any term(s) of this Plan unenforceable, the other terms will remain in effect.


YOUR BILLING RIGHTS KEEP THIS NOTICE FOR FUTURE USE


This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act.


NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR STATEMENT.


If you think your statement is wrong, or if you need more information about a transaction on your statement, write us on a separate sheet at the address listed on your statement. Write us as soon as possible. We must hear from you no later than 60 days after we sent you the first statement on which the error or problem appeared. You can telephone us, but doing so will not preserve your rights.



In your letter, give us the following information:


1. Your name and account number

2. The dollar amount of the suspected error

3. Describe the error and explain, if you can, why you believe there is an error. If you need more information, describe the item you are not sure about.


If you have authorized us to pay a credit card account automatically from your share account or share draft account, you can stop the payment on any amount you think is wrong. To stop the payment your letter must reach us three business days before the automatic payment is scheduled to occur.


YOUR RIGHTS AND OUR RESPONSBILITIES AFTER WE RECEIVE YOUR WRITTEN NOTICE.


We must acknowledge your letter within 30 days, unless we have corrected the error by then. Within 90 days, we must either correct the error or explain why we believe the statement was correct.


After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can continue to send statements to you for the amount you question, including finance charges, and we can apply any unpaid amount against your credit limit. You do not have to pay any questioned amount while we are investigating, but you are still obligated to pay the parts of statement that are not in question.


If we find that we made a mistake on your statement, you will not have to pay any finance charges related to any questioned amount. If we didn’t make a mistake, you may have to pay finance charges, and you will have to make up any missed payments on the questioned amount. In either case, we will send you a statement of the amount you owe and the date that it is due.


If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our explanation does not satisfy you and you write to us within ten days telling us that you still refuse to pay, we must tell anyone we report you to that you have a question about your statement. And, we must tell you the name of anyone we reported you to. We must tell anyone we report you to that the matter has been settled between us when it finally is.


If we don’t follow these rules, we can’t collect the first $50 of the questioned amount, even if your statement was correct.


SPECIAL RULE FOR CREDIT CARD PURCHASES


If you have a problem with the quality of property or services that you purchased with a credit card, and you have tried in good faith to correct the problem with the merchant, you may have the right not to pay the remaining amount due on the property or services. There are two limitations on this right: (a) You must have made the purchase in your home state or, if not within your home state, within 100 miles of your current mailing address; and (b) The purchase price must have been more than $50.


These limitations do not apply if we own or operate the merchant or if we mailed you the advertisement for the property or services.

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Visa Disclosure


VISA DISCLOSURE Click Here

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Visa Debit Card Disclosure


ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.


Types of Debit Card Automated Teller Machine (ATM) Transactions - You may access your account(s) using your debit card and personal identification number to:

a. Make deposits to checking account(s) with a debit card.
b. Make deposits to savings account(s) with a debit card.
c. Get cash withdrawals from checking account(s) with a debit card.
d. Get cash withdrawals from savings account(s) with a debit card.
e. Transfer funds from savings to checking account(s) with a debit card.
f. Transfer funds from checking to saving account(s) with a debit card.
g. Transfer funds from line of credit to checking account(s) with a debit card.
h. Get information about:


the account balance of your checking account(s)

the account balance of your savings account(s)


Some of these services may not be available at all ATM terminals.

Types of Debit Card Point-of-Sale (POS) Transactions - You may access your checking account(s) to purchase goods (in person or by phone), pay for the services (in person or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution if financial institution permits.


DOCUMENTATION

Terminal transfers. You can get a receipt at the time you make any transfer to or from your account using an automated teller machine or point-of sale terminals.


Periodic statements. You will get a monthly account statement from us for your checking account.

FINANCIAL INSTITUTIONS’S LIABILITY

Liability for failure to make transfer. 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:

a. If, through, no fault of ours, you do not have enough money in your account to make a transfer.
b. If you have an overdraft line and the transfer would go over the credit line.
c. If the automated teller machine where you are making the withdrawal does not have enough cash.
d. If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
e. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
f. There may be other exceptions not specifically stated in this agreement.

CONFIDENTIALITY

We will disclose information to third parties about your account or the transfers you make:

a. There it is necessary for completing transfers; or
b. in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or

c. in order to comply with a government agency or court orders; or
d. if you give us written permission.

UNAUTHORIZED TRANSFERS

a. Member Liability. Tell us AT ONCE if you believe your card 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 a transaction is made with your card or card number without your permission, and is either a Visa or Interlink transaction, you will have no liability for the transaction, unless you were grossly negligent in the handling of your account or card. Your liability for unauthorized use of your card or account will be determined under the following paragraphs for transactions that are not Visa or Interlink transactions, for transactions at ATM’s, or if you were grossly negligent in the handling of your account or card.


If you tell us within two business days, you can lose no more than $50 if someone used your card without your permission. If you do NOT tell us within two business days after you learn of the loss or theft of your card, and we can prove we could have stopped someone from using your card without your permission if you had told us, you could lose as much as $500.00.

Also, if our 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.


There is an additional limit on liability for Debit Card, when used for point-of-sale transactions. Unless you have been negligent or have engaged in fraud, you will not be liable for any unauthorized transactions. If you report the loss or theft of your card within 2 business days of when you discover the loss or theft of the card, you will be liable for the first $50.00 If you do not tell us within 2 business days, your liability is the greater of $50 or the amount of money, property, labor, or services obtained by the unauthorized use before notification to us.

b. Contact us in the event of an unauthorized transfer. If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed at the end of this Disclosure.

ERROR RESOLUTION NOTICE

In case of errors or questions about your electronic transfers, call or write us at the telephone number or address listed at the end of this Disclosure, 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.
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 error.

If you tell us orally, we may require you to send us your complaint or questions in writing within 10 business days.

We will determine whether an error occurred within 10 days (5 business days for Debit Card point-of-sale transactions and 20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (5 business days for Debit Card point-of-sale transactions and 20 business days if the transfer involved a new account) 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 credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened.

We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation.

You may ask for copies of the documents that we used in our investigation.


The Southwest Teachers Credit Union Debit Card is subject to service charges in accordance with the Fee Schedule and can be revoked at the Credit Union’s option for any reason, and at any time.

Southwest Teachers Credit Union
1221 E. Grand
Springfield, MO 65804

Business Days: Monday - Friday

Excluding Federal Holidays

417-831-0534













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