Limited Savings Account

							                             Limited Savings Account

In an effort to extend membership to potential members who have credit issues, we will
begin to offer a “Limited Savings Account”. Potential members who have current unpaid
collections and Judgments will be allowed to become members and open a “Limited
Savings Account” only. “Limited Savings Accounts” will have restricted access, while
giving the members the opportunity to begin a financial and educational relationship with
the Credit Union.

It is vital that we educate these types of members on how to begin to “Repair” their
credit.

Offering these types of accounts will help to grow our membership while living our
mission:
  “To educate our members to improve their own financial growth and wellbeing. To
promote the Credit Union philosophy and insure the future growth of the Credit Union.”

Current Account opening policies and procedures will be followed with the addition
                    of the following procedural guidelines.

Procedure Guidelines:

           •   Unpaid Collections and Judgments will be allowed, if they have not
               originated from a financial institution.
           •   Unpaid Closures to a financial institution found on E-Funds / Check
               Systems will result in a “Denial”.
           •   Final Decisions to Approve or Deny will be made by a Supervisor
           •   Accounts will be flagged with “Limited Savings Account” flag with no
               end date.
           •   ATM cards will NOT be issued on these types of accounts
           •   Member Notes Shall Reflect: “Limited Savings” Account Approved
           •   Members must be educated on the following:

                        -How to Repair their Credit        -Fee Schedule
                        -Regulation D Restrictions         -Check Hold Policy
                        -Sheriffs Levy’s

Cross Servicing Options:

           •   Direct Deposit
           •   Service First On-line
           •   E-Statements
These members may have the opportunity to take advantage of additional services after
they have provided proof that all Collections / Judgments / Unpaid closures have been
paid.

To help these members fix their credit you may give them information received from
their credit report. IE: Account Numbers, Balances Reporting, Phone numbers if listed,
address of creditor if listed. (Please do not give them a copy of the report)


TranUnion Contact info:

www.transunion.com
TransUnion
2 Baldwin Place
PO Box 1000
Chester, PA 19022
1-800-888-4213