Account Agreement

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					Account Agreement




  Make The Most Of Your Money!
                         Table of Contents

Account Rules and Regulations ..................... 1-21

Member Expulsion Policy ........................................... 6

Electronic Fund Transfers: Rights & Responsibilities...
...................................................................................... 8

Charges for Electronic Fund Transfers ....................... 9

Visa Fastbuck24 Debit Card Agreement & Disclosure ..
...................................................................................... 9

Right to Documentation .............................................14

Stop Payment Procedures & Notice of Varying Amounts
.....................................................................................15

Our Liability................................................................ 15

Disclosure of Account Information to Third Parties .....
.....................................................................................16

Unauthorized Transfers .............................................16

Error Resolution ......................................................... 17

Funds Availability Policy ............................................18

Truth-In-Savings Disclosure........................ 22-27

Share Savings, Holiday Club & IRA Share Accounts .....
.................................................................................... 22

Share Draft (Checking) Account ............................... 23

Money Market Accounts.............................................25

Health Savings Account ............................................ 26

Common Features on All Accounts ........................... 26

USA Patriot Act ............................................ 27

Privacy Notice ..................................................27-28
     Account Rules And RegulAtions

The following rules and regulations shall apply to all
Accounts maintained at Scott Credit Union (“Credit
Union”).

Definitions – The term “Item” means checks, drafts,
negotiable orders of withdrawal or any other
instruments used to withdraw funds from an Account.
The term “Owner” means any person, corporation,
partnership, trust or other entity designated in the title
of an Account on the records of the Credit Union. The
term “Account” means all share accounts and share
certificates held in or issued by the Credit Union. The
term “Business Day” means Monday through Friday
except for legal holidays.

Receipt of Deposits; Dividends – Any deposits
received by the Credit Union after 2:00 p.m. on a
Business Day may not be credited to the Account until
the next Business Day. Credit for deposits of, or pay-
able in, foreign currencies will be at the exchange rate in
effect on final collection of US dollars. Owner waives
any right to receive an original Item after it is paid. If
an Account earns dividends, the Credit Union is prohib-
ited by law from guaranteeing the payment of dividends
or that dividends that are paid will be at the
contracted rate. The Credit Union must base its
dividend payments upon the money that the Credit
Union actually earns and that is available for
distribution at the end of a dividend period.

Notification of Change of Address – For security
reasons, the share account owner must notify Scott
Credit Union immediately of a change of address in
writing or in person.

Withdrawals and Closing an Account – Any
Owner, and any person authorized by an Owner in any
resolution or other notice to the Credit Union, shall be
authorized to withdraw funds from the Account without
the approval, consent or cosignature of any other
person, including any withdrawal from an Account prior
to any stated maturity date of such Account. If the
Owner uses a facsimile signature, the Owner is solely
responsible for any misuse of the facsimile stamp or
machine. The Credit Union is not required to honor any
restrictive legend on any Items. The Credit Union
reserves the right to require the maximum amount of
notice of withdrawal from an Account that is required
or permitted by law or regulation. If no notice period is
provided by law or regulation, the Credit Union reserves
the right to require at least 7 days prior notice before
                             1
withdrawal from any dividend or interest bearing
Account. The Credit Union may close the Account at
any time in its sole discretion by giving the Owner at
least 15 days prior written notice, after which the Credit
Union may deliver a check for the balance of the
Account to the Owner and return any Items drawn
against the Account unpaid. If the Account is a joint
Account, the Credit Union may give notice to any one
Owner, and deliver a check to any one of the Owners,
payable to all of the joint Owners.

Authorized Signature – Your signature on the
signature card is your authorized signature. For the
payment of funds and for other purposes relating to any
Account you have with the Credit Union, the Credit
Union is authorized to recognize your signature, but it
will not be liable to you for refusing to honor your
checks or other signed instructions if it believes in good
faith that the signature appearing on such checks or
instructions is not genuine. If you voluntarily give
information about your Account (such as the Credit
Union’s routing number and/or your Account number)
to a party who is seeking to sell you goods or services,
and you do not physically deliver a check to that party,
any item presented against your Account by the party to
whom you gave the information is deemed to have been
authorized by you. When an Account is established, you
may indicate your desire for more than one authorized
signature on a check or other item drawn against the
Account by designating a specific number of desired
signatures on the Signature Card or in a separate
resolution. However, any such designation is solely for
your convenience and internal control purposes. In the
absence of a specific written agreement to the contrary,
the Credit Union is not required to determine if any
check or other item drawn against your Account
contains the number of desired signatures indicated by
any such designation. In the event you authorize the
use of any facsimile signature device, you agree that we
may pay or honor any check, draft, order or item, or
conduct any transaction, that contains what appears to
be your authorized facsimile signature, even if the
signature is not authorized. If you provide your account
information, code or Personal Identification Number
(PIN) to any person or entity to conduct transactions,
you agree that until you provide us with notice revoking
your authorization, all transactions conducted by that
person or entity are authorized and genuine, even if
they are not conducted for your benefit or according to
your instructions.




                            2
Signatures by Family Members, Employees or
People You Know - In the event a family member,
employee or person that you know writes a check drawn
on your account payable to any person or entity, you
authorize the signature, completion and payment of that
check, and agree that you will address the matter to
recover any loss for payment of the check with the
family member, employee or person you know.

Endorsements by Family Members, Employees
or People You Know - If a family member, employee
or a person you know endorses a check made payable
to you to any person or entity, you authorize the
endorsement of the check as your endorsement, and
agree that you will address the matter to recover any
loss for the endorsement of the check with the family
member, employee or person you know.

Pledges of Accounts – No Owner, or any survivor,
successor, or assign of any Owner, shall be entitled to
any funds from an Account until any debts owed to the
Credit Union have been paid in full; this provision shall
not be deemed to be waived if the Credit Union permits
the Owner to withdraw funds from the Account from
time-to-time. If there is more than one Owner of an
Account any one Owner may pledge the Account to the
Credit Union to secure the obligations of such Owner,
and such pledge shall be binding on all Owners.

Death or Disability – The Credit Union does not
make any inquiries to determine whether an Owner
has died or become disabled or incapacitated. The
Credit Union will have no obligation to take any action
with respect to an Account as a result of the death or
disability of an Owner until the Credit Union receives
written notice thereof.

Joint Accounts – All Accounts in the name of two or
more individuals will be deemed to be Joint Accounts
with Right of Survivorship unless another method of
Ownership is specifically designated. If there is an
overdraft in any joint Accounts, each Owner shall be
responsible for repaying such overdraft regardless of
which Owner created the overdraft. The Credit Union
shall have the right to apply all funds in any jointly
owned Account to satisfy any debts or obligations to the
Credit Union of any Owner regardless of which Owner
deposited the funds. Each joint Owner designates each
other joint Owners as agent for endorsing any Item pay-
able to the first joint Owner for deposit into the
Account. Any references to an Owner in these rules and
regulations will apply to each joint Owner jointly and
individually.
                            3
Powers of Attorney – Any Owner who grants a power
of attorney to another person does so at the sole risk of
the Owner. The Credit Union may honor the Owner’s
power of attorney without prior notice to, or consulta-
tion with, the Owner and the Owner will be solely
responsible for any losses or damages relating to any
unauthorized exercise of the power of attorney. The
Credit Union shall be entitled to honor any power of
attorney until the Credit Union receives written notice
that the power of attorney has been terminated, limited,
amended or canceled, or that some other event has
occurred that terminates the power of attorney. The
notice will be effective only if hand delivered or mailed
by registered or certified mail, return receipt requested
to the address set out in the section titled “Notices”, to
the Credit Union. Such written notice will not be
deemed to be effective until two (2) Business Days after
such notice is actually received by the Credit Union.

Disputes, Garnishments, Executions and
Levies – If there are any disputes or adverse claims as
to ownership or control of the Account, either by parties
to the account or by third parties, then the Credit Union
shall be entitled to freeze the Account until the dispute
or adverse claim has been resolved. The Credit Union
shall not be required to inquire into the merits of such
dispute or adverse claim. If the Credit Union receives
any garnishment, execution or levy (an “Attachment”)
against the Account or any Owner, the Credit Union
shall have the right to freeze any Account in which the
Owner has an interest, up to the amount necessary to
satisfy such Attachment. The Credit Union shall not be
required to inquire into the beneficial ownership of the
funds in any jointly held Account, and all other joint
Owners hereby consent to the Credit Union freezing the
Account if there is an Attachment against any one or
more joint Owners. It shall be the obligation of the
Owner to contest any such Attachment. The Credit
Union shall have no liability whatsoever for freezing the
Account. If the Account is subject to being drawn upon
by checks or drafts, the Credit Union may return such
checks or drafts unpaid as long as the Account is frozen.

Examination of Items and Statements;
Unauthorized Use of Account – The Credit Union
does not examine all endorsements or signatures on
Items presented for payment. The Credit Union will
have no liability to any Owner for any Items paid on an
improper signature or endorsement if such Item is
subject to bulk processing in the ordinary course of
the Credit Union’s business. The Owner agrees that
bulk processing of Items, without examining all
endorsements or signatures, is a reasonable banking
                            4
practice. If the Owner permits another person to obtain
possession of checks or withdrawal certificates, the
Credit Union shall have no liability to the Owner for
any funds withdrawn from the Account by such person.
The Owner must examine all statements and Items
received by Owner, or made available to Owner, within
a reasonable time (not to exceed 14 days after the
statements are received or made available). If the
Owner discovers any unauthorized signature, or any
alteration on an Item, the Owner must notify the Credit
Union within the same period of time or the Credit
Union will have no liability to the Owner.

Funds Transfers – In the event that any Owner
writes a share draft which would result in the share
draft Account being overdrawn, the share draft shall be
deemed to be a request to the Credit Union to transfer
sufficient funds from the Owner’s common share
Account. Any such transfer shall be at the sole
discretion of the Credit Union and the Credit Union
shall have no liability to the Owner for failing to make
such transfer. You agree that the Credit Union shall not
be required to give you any notices with respect to funds
transfers into or out of any Account, except the ordinary
periodic statement regarding the Account.

Stop Payment Orders; Stale Checks; Order of
Payment – The Credit Union will not be required to
honor any stop payment orders on Items unless the
order precisely identifies the date, Item (check) number,
payee and amount of the Item, and unless notice of the
stop payment is received by the Credit Union (during
normal business hours) at least 4 hours prior to the
time that the Item is presented for payment. Oral notic-
es must be given to a Member Service Representative by
telephoning (618) 345-1000 or
800-888-4728. Oral stop payment orders will be
effective for only 14 days. A written stop payment order
(including an order sent by e-mail or an electronic
banking system) is effective for only 6 months unless
renewed within the 6-month period. No stop payment
orders may be placed on Certified, Teller or Cashiers
checks until 90 days after the date of the instrument.
The Credit Union may pay any Instrument when
presented, regardless of the date of the Instrument,
without prior approval of Owner and without liability to
Owner. The Credit Union may pay Items in whatever
order the Credit Union may elect in its sole discretion,
and the Credit Union shall not be required to pay either
the lowest or highest Items first.

Limitation of Liability – The liability of the Credit
Union for early payment of a post-dated Item, or for
                            5
paying an item over a stop payment order, or for paying
an Item with an improper signature or endorsement,
shall be the lesser of the actual damages incurred by the
Owner, or the face amount of the Item, or such other
amount as may be provided by law. The Credit Union
shall not be required to take notice of any limitations on
payment of the Item that is placed on an item and the
Credit Union will have no liability for paying an Item
regardless of any such limitations.

Notices – All notices that an Owner may give to the
Credit Union will not be effective unless delivered in
writing to the Credit Union at:

                1100 Belt Line Road
             Collinsville, IL 62234-4367

Fees, Service Charges and Rules – The Account
shall be subject to all additional fees, service charges,
rules and regulations posted in the lobby of the Credit
Union or delivered or sent to the Owner. Failure of
the Owner to close the Account after receipt, posting,
delivery or sending of such notice shall be deemed to be
an acceptance of such fees, service charges, rules and
regulations by all Owners of the Account. The account
will also be subject to all laws, rules and regulations
imposed by any local, state or federal government or
regulatory agency.

The Credit Union shall be entitled to reimbursement for
all expenses and losses, including attorney fees,
incurred with respect to any investigation, dispute or
Attachment involving the Account, or enforcing any
rights of the Credit Union, regardless of whether legal
proceedings are commenced. The Credit Union may
deduct such fees and expenses out of the Account or
from any other funds or property of any Owner within
the control or possession of the Credit Union.

Governing Law – The Account, and these Rules and
Regulations, will be governed by the laws of the state of
Illinois and federal credit union laws and rules.

Member NCUSIF.

          MeMbeR expulsion policy

In the interest of protecting the assets of the Credit
Union and maximizing dividends to members, the
board of directors adopts the following policy. This
policy provides for expulsion of members who have
caused a loss to the Credit Union or who have engaged
in actions that put the credit union at risk of loss or
                            6
liability. Expulsion may result, upon board action, in
the situations described below.

Expulsion criteria:
1. Member-caused loss that may subject the member to
expulsion action by the board includes the following:

Member’s failure to pay amounts due under a loan.
“Amounts due” includes, without limitation: principal;
interest; fees and charges; financed insurance
premiums; collection agency charges or attorney’s fees
incurred in collecting amounts due under a note or
guarantee, in repossessing and liquidating collateral
under a security agreement, or in obtaining a deficiency
judgment. A member who files for bankruptcy, but signs
an enforceable reaffirmation agreement or otherwise
voluntarily makes arrangements to repay all amounts
due, will remain eligible for membership.

Member’s failure to provide collected funds to cover
share account withdrawals or to cover personal share
drafts.

Member’s failure to provide collected funds to cover
Credit Union drafts purchased by the member.

Member’s failure to pay fees or charges due the Credit
Union for any reason.

Notwithstanding the foregoing, a member who has
caused a loss due to bankruptcy but, in the sole
discretion of the management of the Credit Union,
establishes that the loss was unavoidable and the result
of extraordinary hardship resulting from loss of job,
serious family illness, dissolution of marriage, or death
in the immediate family will remain eligible for
membership.

2. Member actions that put the Credit Union at risk
of loss or liability that may subject the member to
expulsion action by the board include the following:

Members who engage in check kiting, attempted or
actual deposits of counterfeit checks or other
nonnegotiable items, foreign ATM transfers between
checking and savings accounts which result in
overdrafts of both accounts, attempted or actual theft
of Credit Union or other member’s funds, or similar
activities whereby the member illegally attempts to
obtain funds not due the member.

Members threatening staff who deny loan applications
or other services, members who engage in inappropriate
                            7
conduct or language directed at staff based on sex, race,
national origin, marital status, sexual orientation,
physical or mental impairment, age, or membership in
the uniformed services, or similar activity whereby staff
are subjected to verbal or physical abuse.

Members who fail to protect blank personal checks as
evidenced by repeated claims of lost checks and
unauthorized transactions (particularly when the
forgeries are committed by persons living in the
member’s household), or fail to protect access cards
and security information such as personal identification
numbers as evidenced by repeated claims of
unauthorized transactions (particularly when the
unauthorized transactions are committed by persons
living in the member’s household), or engage in similar
activities resulting from repeated failure to keep their
accounts and records secure.

Members who use or attempt to use false or forged
documents or false information to obtain credit or
access to an account.

Members who use or attempt to use false identities.

3. Effective Date of Expulsion Policy. This policy is
effective as of May 1, 2005.

      electRonic Fund tRAnsFeRs:
   youR Rights And Responsibilities

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

Direct Deposits – You may make arrangements for
certain direct deposits to be accepted into your share
Draft (Checking) or Share Savings accounts.

Preauthorized Withdrawals – You may make
arrangements to pay certain recurring bills from your
Share Draft (Checking) or Share Savings accounts.

Limitations on Frequency of Transfers – In
addition to those limitations on transfers elsewhere
described if any, the following limitations apply. You
may not make more than 6 transfers and withdrawals,
or a combination of transfers and withdrawals, per
calendar month or statement cycle, from a Share
Savings account to another one of your accounts at
                            8
the Credit Union or to a third party by means of a pre-
authorized or automatic transfer, or telephonic or data
transmission (including through an electronic banking
system) agreement, order or instruction.

If you authorize anyone to use your password in any
manner, that authority will be considered unlimited in
amount and manner until you specifically revoke such
authority by notifying the Credit Union and changing
your password immediately. You are responsible for
any transactions made by such persons until you notify
us that transactions and access by that person are no
longer authorized and your password is changed. If you
fail to maintain or change the security of your PIN or
password and the Credit Union suffers a loss, we may
terminate your electronic funds transfer and account
service immediately.

Choice of Law Disclosure - We may accept on your
behalf payments to your account which have been
transmitted through one or more Automated Clearing
Houses (ACH) and which are not subject to the
Electronic Fund Transfer Act and your rights and
obligations with respect to such payments shall be
construed in accordance with and governed by the laws
of the state of Illinois as provided by the operating rules
of the National Automated Clearing House Association,
which are applicable to ACH transactions involving your
account.

           chARges FoR electRonic
              Fund tRAnsFeRs

We do not charge for direct deposits to any type of
account.

We do not charge for preauthorized withdrawals from
any type of account.

Except as indicated elsewhere, we do not charge for
electronic fund transfers.

         VisA FAstbuck24 debit cARd
         AgReeMent And disclosuRe

Your Rights and Responsibilities: Please read this
Agreement and disclosure carefully because it tells you
your rights and obligations for the transactions listed.
You should keep this notice for future reference. Any
use of the Card will constitute your acceptance of these
terms.


                             9
General Terms: For purposes of the following
agreements and disclosures: “we”, “our” and “us”
refers to Scott Credit Union; “you” or “your” refers to
the applicants for a Card; “Card” means a card issued by
us that permits you to make transactions on authorized
automatic teller machines (“ATM”) or which permits
you to obtain cash advances or make point of sale
purchases to be charged against the Account. If there is
more than one applicant, each of you will be fully
responsible for the acts of the other in using the Card.
Transactions using the Card will result in deposits to,
withdrawals from or transfers among your accounts
with us which are designated in the application
(“Accounts”). If your Card is authorized for use as a
debit card for point of sale transactions, then any
purchase of goods or services or cash advances that you
make using your Card will be deducted from the
Account designated in your application for the Card.
We may draw against any overdraft protection plan loan
that applies to your Account to cover purchases, cash
advances or fund transfers that exceed the balance in
your Account, but we will not be required to draw
against that loan unless required to do so by the
overdraft agreement. We will not be required to charge
any Account other than the one specifically designated
in the application for the Card. Acceptance of your Card
and PIN for point of sale transactions is conditioned
upon the merchant accepting the Card. We will have no
responsibility if a merchant refuses to accept the Card
and PIN to pay for goods or services. We may
terminate your right to use the Card at any time and at
our request you will return the Card to us.

Use and Security of PIN and Card: In order to
use the Card, you may be required to identify yourself
using a personal identification number (“PIN”) issued
to you by us. You are liable and responsible for all
transactions that are made using your PIN or Card,
whether those transactions are made by you or any
person you authorize, permit or enable to have your
means of identification (even if the person exceeds
your authority), or by any person who obtains your
PIN or Card as a result of your act or negligence. If
you give someone your PIN or Card and wish to
terminate their authority, or if you know or believe
that your means of identification is lost, stolen or
otherwise is compromised, you must notify us in writing
immediately so that we can take the necessary steps to
change your PIN. You will indemnify us from and
against any and all claims of any nature arising out of
any use of your PIN or Card by a person you have
authorized, permitted or enabled to have access to your
PIN or Card.
                          10
Applicable Rules: All laws, regulations, and all of
our general rules and regulations that otherwise apply
to your Accounts will continue to apply to transactions
made using the Card and PIN including, without
limitation, the timing of crediting and debiting your
Accounts. We may change any of these rules and
regulations, or the terms of this Agreement, at any time
and if you use the Card or PIN after we give you notice
of the change, you will be presumed to have accepted
such change. We may add or delete available ATM
machines or networks anytime at our discretion. This
Agreement is governed by the laws of the State of
Illinois without regard to conflicts of law rules.
Whenever we are required or permitted to give notices
to you, such notices may be sent to your last known
address in our records. Any litigation or other legal
proceedings involving this Agreement shall be brought
only in the state or federal courts having jurisdiction
over the county where our home office is located and
you agree to the jurisdiction of such courts.

Available Transactions, Limitations on Amounts
of Transfers: Listed below are the types of
transactions available using the Card. Some of these
transactions may not apply to you. You may use the
Card only for the purposes designated in your
application for the Card, but subject to our approval.

ATM Transactions: If authorized, you may use your
Card and PIN at participating ATMs to: make deposits
to your Accounts (but only at our ATMs), transfer funds
between your Accounts, withdraw cash from your
Accounts, and obtain balance information about your
Accounts. Some of these services may not be available
at all ATM terminals. You may withdraw up to $500
from an ATM each day. We will charge you $1 for each
withdrawal, and $0.50 for each transfer amount,
accounts or balance inquiries at any ATM that we do not
own or operate. The owner or operator may assess
additional fees as well.

Point of Sale Transactions: If authorized, you may
use your Card to purchase goods or services from
merchants or obtain cash from merchants using your
PIN, as long as the merchants accept the Card. You
may obtain up to $500 in the aggregate each day of
goods or services or cash advances in point of sale
transactions if the merchants require your PIN to
complete the transaction. You may obtain up to $1,500
of goods or services or cash advances in point of sale
transactions if the merchants DO NOT require your PIN
to complete the transaction.

                           11
Other Limitations: If our computer system is off
line, then the daily aggregate limit for point of sale
transactions and ATM withdrawals is $200. For
security reasons, there may be other limits on the
number of transfers you can make using ATMs, point of
sale transactions, or other authorized transactions.

Other Fees: In addition to the fees that can be
charged for each transaction, we will also charge you $5
for any replacement Card and $1 if your PIN needs to be
changed. Visa will impose a 0.8% fee on international
(outside the U.S.) debit and credit card transactions
where a currency conversion is not performed. A 1.0%
fee is assessed on international transactions when a
currency conversion occurs. Other fees may be charged
with respect to your Account and those fees are
disclosed separately for those Accounts.

Documentation: You can get a receipt at the time
you make any ATM or point of sale transaction. You
will get a monthly statement (unless there are no
transfers in a particular month, in which case you will
get the statement at least quarterly).

Your Liability: TELL US AT ONCE if you believe
your Card or PIN has been lost or stolen. Telephoning
is the best way of keeping your possible losses down.
You could lose all the money in your Accounts (plus
your maximum overdraft line of credit if any). If you
tell us within 2 business days that your Visa check card
is lost or stolen, your liability for unauthorized Visa
transactions with the card, other than transactions at an
ATM is $0. The provisions of this paragraph do not
apply to unauthorized use of your Visa check card at an
ATM. They also do not apply if you were negligent in
the handling of your account or card. If you tell us
within 2 business days, you can lose no more than $50
if someone used your Card or PIN without your
permission. If you do NOT tell us within 2 business
days after you learn of the loss or theft of your Card or
PIN, and if we can prove we could have stopped
someone from using your Card or PIN without your
permission if you 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. If you believe your Card or PIN has been lost
or stolen or that someone has transferred or may
                           12
transfer money from your Accounts without your
permission, contact us at our telephone number or
address below.

Our Liability: If we do not complete a transfer to or
from your Accounts 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 (if
any); (3) if the ATM where you are making the transfer
does not have enough cash; (4) if the ATM or point of
sale terminal or system 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; or (6) there may be
other exceptions stated in our agreements with you.

Confidentiality: We will disclose information to third
parties about your account or the transfers you make:
(a) Where 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 your written
permission.

Error Resolution: In case of errors or questions
about your electronic transfers, call or write us at
the telephone number or address at the end of this
document 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. When you contact us: (1) tell us
your name and Account number (if any); (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; and (3) tell us
the dollar amount of the suspected error. If you tell us
orally, we require that you send us your complaint or
question in writing within 10 business days. We will
determine whether an error occurred 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 (90 days if the transfer involved a new Account, a
point-of-sale transaction or if a transfer was not initiated
in a state) to investigate your complaint or question. If
we decide to do this, we will credit your Account within
                             13
10 business days (20 business days if the transfer
involved a new Account) for the amount you think is in
error, so that you will have use of the funds 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. We will tell you the results within
3 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.

Your Account is considered a “new Account” during the
first 30 days after the Account is established; an
Account is not considered a new Account if you have
had, within 30 calendar days before the Account is
established, another account with us for at least 30
calendar days. Unless each of you already have another
Account with us where the first deposit was made more
than 30 days before the transaction. We will tell you
the results within 3 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 the investigation.

All correspondence should be directed to the address
below.

Business Day: For purposes of these disclosures, our
business days are Monday through Friday. Holidays are
not included.

Contact Information: You may contact us in writing
or by telephone at:
                   1100 Belt Line Road
               Collinsville, Illinois 62234
                 ATTN: Member Service
           (618) 345-1000 or (800) 888-4728.

          Right to docuMentAtion

Direct Deposits – If you have arranged to have direct
deposits made to your account at least once every 60
days from the same person or company, the person or
company making the deposit will tell you every time
they send us the money. You can call us at the phone
number in this brochure, or you may use the Credit
Union’s electronic banking system if you have registered
for the system, to find out whether or not the deposit
has been made.
                           14
Periodic Statements – You will get a monthly
account statement from us for your Share Draft
(Checking) accounts. You will get a quarterly account
statement from us for your Share Savings accounts,
unless there are transfers in a particular month, then
you will receive a monthly account statement. In any
case, you will get a statement at least quarterly.

      stop pAyMent pRoceduRes And
       notice oF VARying AMounts

Right to Stop Payment and Procedure for Doing
So – If you have told us in advance to make regular
payments out of your account, you can stop any of these
payments. Here is how:

Call or write us at the telephone number or address
listed in this brochure in time for us to receive your
request three business days or more before the payment
is scheduled to be made. If you call, we also require you
to put your request in writing and get it to us within 14
days after you call.

We will charge you for each stop payment order you
give. (See Fee Schedule)

Notice of Varying Amounts – If these regular
payments may vary in amount, the person you are going
to pay will 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.)

Liability for Failure to Stop Payment of
Preauthorized Transfer – If you order us to stop
one of these payments three business days or more
before the transfer is scheduled, and we do not do so,
we will be liable for your losses or damages.

                  ouR liAbility

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.

                           15
2. If the transfer would go over the credit limit on your
   overdraft line.
3. If circumstances beyond our control (such as fire or
   flood) prevent the transfer, despite reasonable
   precautions we have taken.

4. If the automated teller machine where you are
   making the transfer does not have enough cash.

5. If the terminal or system was not working properly
   and you knew about the break down when you
   started the transfer.

6. There may be other exceptions in our agreement
   with you.

 disclosuRe oF Account inFoRMAtion
          to thiRd pARties

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
merchant;

3. In order to comply with government agency or court
   orders; or

4. If you give us written permission.

          unAuthoRized tRAnsFeRs

If any transaction involves the use of an access card
(”Card”) or personal identification number (”PIN”) tell
us AT ONCE if you believe your Card or PIN 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 any). If you tell us within 2 business days, you
can lose no more than $50 if someone used your Card
or PIN without your permission. If you do NOT tell us
within 2 business days after you learn of the loss or
theft of your Card or PIN, and if we can prove we could
have stopped someone from using your Card or PIN
without your permission if you told us, you could lose as
much as $500.

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
                            16
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 period.

If you believe 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 in this brochure.

               eRRoR Resolution

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

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 telephone us or tell us orally, we may require that
you send us your complaint or question in writing
within 10 business days.

We will send 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
question. If we decide to do this, we will 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. We
will tell you the results within 3 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 10-day time period described
above is increased to 20 days if the error involves an
                            17
electronic funds transfer to or from your account within
30 days after the first deposit to the Account was made.
The 45-day time period described above is increased to
90 days if a notice of error involves an electronic funds
transfer that was not initiated within a state, or resulted
from a point-of-sale debit card transaction, or occurred
within 30 days after the first deposit to the account was
made.

Business days are Monday through Friday excluding
federal holidays.

As result of a request or an order by you, should we ever
disburse a greater amount of funds based on your
request to any person or entity that you know (e.g.,
relative, friend, employee, business associate, etc.), you
agree to assist us in recovering our funds, including
participation in litigation and prosecution.

         Funds AVAilAbility policy

Most items deposited at Scott Credit Union are
immediately available for withdrawal. However, our
policy is to delay the availability of certain deposits
as described below. During the delay, you may not
withdraw the funds in cash and we will not use the
funds to pay checks that you have written.

Provisional Payment Disclosure - Credit given
by us to you with respect to an Automated Clearing
House credit entry is provisional until we receive final
settlement for such entry through a Federal Reserve
Bank. If we do not receive such final settlement, you
are hereby notified and agree that we are entitled to a
refund of the amount credited to you in connection with
such entry, and the party making payment to you via
such entry (i.e. the originator of the entry) shall not be
deemed to have paid you in the amount of such entry.

Notice Disclosure - Under the Operating Rules of the
National Automated Clearing House Association, which
are applicable to ACH transactions involving your
account, we are not required to give next day notice to
you of receipt of an ACH item and we will not do so.
However, we will continue to notify you of the receipt of
payments in the periodic statements we provide to you.

Determining the Availability of a Deposit – The
length of the delay is counted in business days from the
day of your deposit. Every day is a business day except
Saturdays, Sundays, and federal holidays. If you make a
deposit before 11:59 PM on a business day that we are
open, we will consider that day to be the day of your
                            18
deposit. However, if you make a deposit after 11:59 PM
or on a day we are not open, we will consider that the
deposit was made on the next business day we are open.
The length of the delay varies depending on the type of
deposit and is explained below.

Same-Day Availability – The following funds will be
immediately available: Deposits of cash; direct deposits
and other electronic transfers; checks drawn on Scott
Credit Union; federal government; Illinois state and
local government checks; Federal Reserve Bank and
Federal Home Loan Bank checks; any other check for
$500 or less; any local checks; postal money orders.

A delay for check deposits may depend on whether the
check is local or non-local. To see whether a check is
local or non-local, look at the routing number on the
check:

Personal Check

Pay to the
order of                                   $

                                           dollars

(Name of Financial Institution)
123456789 00000000 0000



                          Routing Number


Business Check

Pay to the
order of                                   $

                                           dollars

(Name of Financial Institution)
00000 123456789 00000000 0000



                          Routing Number

If the first four digits of the routing number (1234 in the
examples above) are 0810, 0812, 0825, 0819, 0865,
2810, 2812, 2815, 2819, 2865, 0610, 2610, 0611, 2611,
0612, 2612, 0613, 2613, 0620, 2620, 0621, 2621, 0622,
2622, 0630, 2630, 0631, 2631, 0632, 2632, 0640, 2640,
0641, 2641, 0642, 2642, 0650, 2650, 0651, 2651, 0652,
2652, 0653, 2653, 0654, 2654, 0655, 2655, 0660, 2660,
0670, 2670 then the check is a local check. Otherwise
the check is a non-local check. Some checks are marked
“payable through” and have a four or nine digit number
nearby. For these checks, use the four digit number (or
the first four digits of the nine digit number), not the
routing number on the bottom of the check to
                                  19
determine if these checks are local or non-local.

Local Checks: The first $100 from a deposit of local
checks will be available on the first business day after
the day of your deposit. The remaining funds will be
available on the second business day after the day of
your deposit.

Non Local Checks: The first $100 from a deposit of
non local checks will be available on the first business
day after the day of your deposit. The remaining funds
will be available on the fifth business day after the day
of your deposit.

Longer Delays May Apply - Funds you deposit by
check may be delayed for a longer period under the
following circumstances:

   •You are a new member (see special rules below).
   •We believe a check you deposit will not be paid.

   •You deposit checks totaling more than $5,000
    on any one day.

   •You redeposit a check that has been returned
    unpaid.

   •You have overdrawn, or attempted to overdraw
    your account repeatedly in the last six months.

   •There is an emergency, such as failure of
    communications or computer equipment.

If your ability to withdraw funds is delayed beyond the
next business day, we will notify you and tell you when
the funds will be available. They will generally be
available no later than the seventh business day after
the day of your deposit.

Special Rules For New Accounts – If you are a new
member, the following special rules will apply during
the first 30 days your account is open.

Funds from electronic direct deposits to your account
will be available on the day we receive the deposit.
Funds from deposits of cash, wire transfer, and the
first $5,000 of a day’s total deposits of cashiers,
certified, tellers, travelers, and federal, state and local
government checks will be available on the first
business day after the day of your deposit if the checks
are payable to you. The excess over $5,000 may be
delayed until generally no later than the seventh
business day after the day of your deposit. If your
                             20
deposit of these checks (other than a U.S. Treasury
check) is not made in person to one of our employees,
the first $5,000 will not be available until the second
business day after the day of your deposit.

Funds from all other check deposits will generally be
available on the seventh business day after the day of
your deposits unless we invoke a delay because of
reasons set forth in the section entitled “Longer Delays
May Apply” above.

The following items are accepted “for collection only”:
Insurance drafts which require a specific action prior to
payment (i.e. attach title, “Upon acceptance pay to the
order of”); checks drawn against foreign banks or pay-
able in foreign currency.

Scott Credit Union reserves the right to refuse an item
for deposit or cash if, in the opinion of Scott Credit
Union, there is reason to doubt that the item is
collectable. Scott Credit Union further reserves the
right to charge back an item which is returned unpaid
by the financial institution on which it is drawn, or
other rights provided by law.

Share drafts (checks) presented against funds on hold
will be returned to the financial institution of original
deposit “drawn against uncollected funds.” You may be
subject to charges for these items from the financial
institution of original deposit.

Holds on Other Funds (Check Cashing) – If we
cash a check for you that is drawn on another bank, we
may withhold the availability of a corresponding
amount of funds that are already in your account.
Those funds will be available at the time funds from the
check we cashed would have been available if you had
deposited it (either 2, 5 or 10 business days).

Holds on Other Funds (Other Account) – If we
accept for deposit a check that is drawn on another
bank, we may make funds from the deposit available for
withdrawal immediately but delay your availability to
withdraw a corresponding amount of funds that you
have on deposit in another account with us. The funds
in the other account would then not be available for
withdrawal until the time periods that are described
elsewhere in this disclosure for the type of check that
you deposited.




                            21
       tRuth-in-sAVings disclosuRe

    shARe sAVings, holidAy club And
          iRA shARe Accounts

Opening Balance Requirement – $50

Rate Information – The dividend rate and annual
percentage yield may change on the first day of each
dividend period. We may change the dividend rate for
your account as determined by the credit union board of
directors.

Compounding and Crediting – Dividends will be
compounded monthly and credited to your account on
the last day of each calendar month.

Dividend Period – The dividend period is monthly.
For example, the beginning date of the first dividend
period of the calendar year is January 1, and the ending
date of such dividend period is January 31. All other
dividend periods follow this same pattern of dates.

Effect of Closing Account – If you close your
account before dividends are credited, you will forfeit
all accrued dividends for that period.

Minimum Balance Requirements – You must
maintain a minimum balance of $100 in your account
each day to obtain the disclosed annual percentage yield
for that day. There is no service charge if your balance
falls below the minimum, provided that the amount
equal to at least one share ($50) remains in the
account.*

Daily Balance Computation Method – Dividends
are calculated by the daily balance method which
applies a daily periodic rate to the current balance in the
account each day.

Accrual of Dividends on Noncash Deposits –
Dividends will begin to accrue on the first business day
that you deposit noncash items (for example, checks) to
your account.

Transaction Limitations – You are permitted to
make no more than six transfers and withdrawals, or a
combination of transfers and withdrawals, per calendar
month to another account, (including a transaction
account), at Scott Credit Union or to a third party. If
you exceed the transfer limitations set forth above in
any statement period, your account will be subject to
closure by us and a fee as disclosed in the fee schedule.
                            22
Transactions on IRA Share Accounts are restricted by
IRS regulations and are detailed in the disclosure
statement section of the IRA custodial agreement.

Par Value of a Share – The par value of a share in
this account is $50.*

    shARe dRAFt (checking) Account

Extreme Checking – To earn the rate, you must
perform the following each month:

1. Receive your monthly statement electronically

2. 12 Debit Card transactions cleared by the end of the
last business day each month

At any time you do not meet either of these 2
requirements, you will not earn the extreme checking
interest rate.

Rate Information – The dividend rate and annual
percentage yield may change on the first day of each
dividend period. We may change the dividend rate for
your account as determined by the credit union board of
directors.

Compounding and Crediting – Dividends will be
compounded monthly and credited to your account on
the last day of each calendar month.

Dividend Period – The dividend period is monthly.
For example, the beginning date of the first dividend
period of the calendar year is January 1, and the ending
date of such dividend period is January 31. All other
dividend periods follow this same pattern of dates.

Effect of Closing Account – If you close your
account before dividends are credited, you will forfeit
all accrued dividends for that period.

Daily Balance Computation Method – Dividends
are calculated by the daily balance method which
applies a daily periodic rate to the current balance in the
account each day.

Accrual of Dividends on Noncash Deposits –
Dividends will begin to accrue on the first business day
that you deposit noncash items (for example, checks) to
your account.

Transaction Limitations – No transaction
limitations apply to this account unless otherwise
                            23
stated in the Common Features section.

Courtesy Pay – is a service that allows us to pay an
item presented against our member's checking account
even if it causes the account to become overdrawn.
Courtesy Pay may provide certain accountholders in
"good standing" with the ability to overdraw their
checking account up to $500. The Courtesy Pay limit
includes any overdraft fees assessed.

If the account has been open at least 90 days and
maintained in good standing, defined as A) Making
regular deposits sufficient to cover transactions;
B) Bringing the account to a positive balance at least
once every thirty days, and; C) There are no legal orders
outstanding on your account, we may, at our sole
discretion, pay overdrafts up to the limits mentioned
above, including our normal Non-Sufficient Funds
charge(s). Whether we pay or return an item, your
account will be assessed a Non-Sufficient Funds charge.
Our current charge per item is $20 which may be
changed with prior notice to you. Share draft items are
cleared for payment first and then electronic/ACH
transactions.

Courtesy Pay offers additional flexibility and
convenience in managing accountholder funds, and
provides peace of mind knowing that items may be paid
up to the authorized overdraft limit. Using Courtesy Pay
may be more costly than other overdraft payment
options we may offer. Please speak to a representative
to see if you qualify.

This non-contractual courtesy of paying overdrafts
requires no accountholder action. It is not a loan. No
additional agreements need to be signed, and it costs
nothing unless the privilege is used - by initiating
checks, electronic funds transfers, or other payment or
withdrawal requests for more than is on deposit in the
account. If you maintain the account in good standing
and have need for this "courtesy", we may, at our sole
discretion, pay the item(s) up to the authorized limit,
and we will charge the account our normal Non-
Sufficient Funds charge for each item that overdraws
the account. If your account does not remain in good
standing, we may withdraw this “courtesy” until we
determine your account is in good standing.

Unless you have applied for and received an overdraft
line of credit, we do not have to pay your overdrafts.
However, if you do not have an overdraft line of credit,
or do not want us to overdraw your account under any
circumstances even as a courtesy to clear an item that
                           24
you have written, you must tell us not to do so.

We will send you a notice each time an overdraft occurs.
Although you are not charged for using Courtesy Pay
unless you have an overdraft, you may opt-out of
Courtesy Pay at any time. If you do not want us to pay
your overdrafts, you must tell us (“opt-out”) by writing
to us at 1100 Belt Line Road, Collinsville, IL 62234 or
by calling (618) 345-1000 or (800) 888-4728. If you
receive a direct deposit social security or other federal
benefit check, you must opt-out if you do not want us to
apply those funds to repay an overdraft.

           Money MARket Accounts

Variable Rate – Your dividend rate and Annual
Percentage Yield may change. At our discretion we may
change the dividend rate at any time.

Compounding and Crediting – Dividends will be
compounded monthly and credited to your account on
the last day of each calendar month.

Dividend Period – The dividend period is monthly.
For example, the beginning date of the first dividend
period of the calendar year is January 1, and the ending
date of such dividend period is January 31. All other
dividend periods follow this same pattern of dates.

Effect of Closing Account – If you close your
account before dividends are credited, you will forfeit
all accrued dividends for that period.

Minimum Balance Requirements – You must
maintain a minimum daily balance of $2,500 in
your account to earn the disclosed rate and annual
percentage yield for this account. If on any day your
account falls below $2,500 no dividends will accrue.

Daily Balance Computation Method – Dividends
are calculated by the daily balance method which
applies a daily periodic rate to the current balance in the
account each day.

Accrual of Dividends on Noncash Deposits –
Dividends will begin to accrue on the first business day
that you deposit noncash items (for example, checks) to
your account.

Transaction Limitations – During any statement
period, you may not make more than six withdrawals or
transfers to another account of yours at the credit union
or to a third party by means of a preauthorized or
                            25
automatic transfer or telephonic order of instruction. If
you exceed the transfer limitations set forth above in
any statement period, your account will be subject to
closure by us and a fee as disclosed in the fee schedule.

          heAlth sAVings Account

Variable Rate - Your dividend rate and Annual
Percentage Yield may change. At our discretion we may
change the dividend rate at any time.

Compounding and Crediting - Dividends will be
compounded monthly and credited to your account on
the last day of each calendar month.

Dividend Period - The dividend period is monthly.
For example, the beginning date of the first dividend
period of the calendar year is January 1, and the ending
date of such dividend period is January 31. All other
dividend periods follow this same pattern of dates.

Effect of Closing Account - If you close your account
before dividends are credited, you will forfeit all accrued
dividends for that period.

Daily Balance Computation Method - Dividends
are calculated by the daily balance method which
applies a daily periodic rate to the current balance in the
account each day.

Accrual of Dividends on Noncash Deposits -
Dividends will begin to accrue on the first business day
that you deposit noncash items (for example, checks) to
your account.

   coMMon FeAtuRes on All Accounts

Bylaw Requirements – You must deposit and
maintain a sum equal to one share in your Share
Savings account as a prerequisite for membership.

Transaction Limitation – We reserve the right to,
at any time, require not less than seven days notice in
writing before each withdrawal from an interest-bearing
account other than a time deposit, or from any other
savings account as defined by Regulation D.

Nature of Dividends – Dividends are paid from
current income and available earnings, after required
transfers to reserves at the end of a dividend period.

National Credit Union Share Insurance Fund –
Member accounts in this credit union are federally
                            26
insured to at least $250,000 by the National Credit
Union Share Insurance Fund.

                 USA PAtriot Act

Scott Credit Union will notify new members and
customers about the credit union’s Member
Identification Policy by: lobby notice, notice posted on
the website, through separate written disclosures, on
the account agreement, lobby notice at participating
automobile dealerships, etc. The language used to
provide notice is:

To help the government fight the funding of terrorism
and money laundering activities, Federal law requires
all financial institutions to obtain, verify and record
information that identifies each person who opens an
account.

What this means for you: When you open an account,
we will ask for your name, address, date of birth and
other information that will allow us to identify you. We
also ask to see your driver’s license or other identifying
information.

                  pRiVAcy notice

Scott Credit Union is a member-owned financial
institution organized exclusively to serve our member-
owners. Our management understands that our
members entrust us with private and confidential
information and that it is our responsibility to safeguard
and protect such information from unauthorized use.
We have always valued and continue to value the
privacy and confidentiality of this information. The
following is our policy regarding protection of your
personal, nonpublic information.

We collect nonpublic personal information about you
from the following sources:

•Information we receive from you on applications or
 other forms;

•Information about your transactions with us, our
 affiliates, or others;

•Information we receive from a consumer
 reporting agency.

We may disclose all of the information we collect, as
described above to companies that perform marketing
services on our behalf or to other financial institutions
                            27
with whom we have joint marketing agreements. We do
not disclose any nonpublic personal information about
our members or former members to anyone, except as
disclosed above or except as permitted by law.

We restrict access to nonpublic personal information
about you to those employees who need to know that
information to provide products or services to you.
We maintain physical, electronic, and procedural
safeguards that comply with federal standards to guard
your nonpublic personal information.

If after reading this notice you have any questions,
please contact us at:

               SCOTT CREDIT UNION
                 1100 Belt Line Road
                 Collinsville, IL 62234

               Phone: (618) 345-1000
              Toll free: (800) 888-4728
                Fax: (618) 345-2447
                    www.scu.org

*$50 share requirement and par value do not apply to
Holiday Club, Money Market or IRA Share accounts.




                           28
 For locations and information:
(618) 345-1000 • (800) 888-4SCU
          www.scu.org




                  $250,000




                                  Rev. 11/09

				
DOCUMENT INFO
Description: Account Agreement document sample