Welcome to Kyle Central Credit Union, where we are big enough to serve you, and small enough to care.
Kyle Central Credit Union was formed in 1934. We serve members living and working in Southern Milwaukee County with loans and savings instruments of every kind. Come see our office on the corner of Marquette and Chicago Ave in South Milwaukee.
 Our credit union exists to provide financial services to its owners/members as directed by an elected group of members, the Board of Directors. Kyle Central Credit Union strives to satisfy the finacial needs of our members and their families.
 Use your Kyle Central Credit Union ATM card to get cash, make deposits or transfer funds 24 hours a day.To find the ATM location nearest you, click on Contact Us. Our goal begins and ends with service to our members. Ask us about applying for a MasterCard Gold credit card with a low rate of 9.9%.
Fraud Alert: Phony emails are being sent to credit union members and non-members to try to steal personal information. The emails look like they’re from the Nation Credit Union Administration (NCUA) or the Credit Union National Association
Loan Application
This document, along with any other documents we give you
BYLAWS -
rules about our credit union policies and operations which affect your account and
membership. You may obtain a copy of the bylaws on request. Our right to require
you to give us notice of your intention to withdraw funds from your account is
described in the bylaws. Unless we have agreed otherwise, you are not entitled to
receive any original item after it is paid, although you may request that we send you
an item(s) or a copy of an item(s). Dividends are based on current earnings and
available earnings of the credit union, after providing for required reserves.
Our bylaws, which we may amend from time to time, establish basic
LIABILITY -
sign as a representative of another) to the terms of this account and the schedule of
charges. You authorize us to deduct these charges directly from the account balance
as accrued. You will pay any additional reasonable charges for services you request
which are not covered by this agreement.
Each of you also agrees to be jointly and severally (individually) liable for any
account shortage resulting from charges or overdrafts, whether caused by you or
another with access to this account. This liability is due immediately, and can be
deducted directly from the account balance whenever sufficient funds are available.
You have no right to defer payment of this liability, and you are liable regardless of
whether you signed the item or benefited from the charge or overdraft. You will also
be liable for our costs to collect the deficit as well as for our reasonable attorneys’
fees, to the extent permitted by law, whether incurred as a result of collection or in
any other dispute involving your account including, but not limited to, disputes
between you and another joint owner; you and an authorized signer or similar party;
or a third party claiming an interest in your account.
You agree, for yourself (and the person or entity you represent if you
DEPOSITS -
other than cash, we accept for deposit (including items drawn “on us”). Actual credit
for deposits of, or payable in, foreign currency will be at the exchange rate in effect
on final collection in U.S. dollars. We are not responsible for transactions by mail or
outside depository until we actually record them. We will treat and record all
transactions received after our “daily cutoff time” on a business day we are open, or
received on a day we are not open for business, as if initiated on the next business
day that we are open.
We will give only provisional credit until collection is final for any items,
WITHDRAWALS -
you, acting alone, who signs to open the account or has authority to make
withdrawals may withdraw or transfer all or any part of the account balance at any
time. Each of you (until we receive written notice to the contrary) authorizes each
other person who signs or has authority to make withdrawals to indorse any item
payable to you or your order for deposit to this account or any other transaction with
us. You agree that, as to any item that we have no opportunity to examine the
signatures, such as an electronic check conversion transaction where a check or
similar item is converted into an electronic fund transfer as defined in the Electronic
Fund Transfers regulation, you waive any requirement of multiple signatures for
withdrawal. We may charge your account for a check even though payment was made
before the date of the check, unless we have received written notice of the postdating in
time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer
request which you attempt on forms not approved by us, by any method we do not
specifically permit, which is greater in number than the frequency permitted, or which is
for an amount greater or less than any withdrawal limitations. Even if we honor a
nonconforming request, we may treat continued abuse of the stated limitations (if any) as
your act of closing the account. We will use the date the transaction is completed by us
(as opposed to the date you initiate it) to apply the frequency limitations. The fact that we
may honor withdrawal requests that overdraw the available account balance does not
obligate us to do so later. You agree that we may charge fees for overdrafts and use
subsequent deposits, including direct deposits of social security or other government
benefits, to cover such overdrafts and overdraft fees. If we are presented with an item
drawn against your account that would be a “substitute check,” as defined by law, but for
an error or defect in the item introduced in the substitute check creation process, you
agree that we may pay such item. See the funds availability policy disclosure for
information about when you can withdraw funds you deposit. For those accounts for
which our funds availability policy disclosure does not apply, you can ask us when you
make a deposit when those funds will be available for withdrawal.
Unless clearly indicated otherwise on the account records, any of
OWNERSHIP OF ACCOUNT AND BENEFICIARY DESIGNATION -
to this account depending on the form of ownership and beneficiary designation, if any,
specified on the account records. We reserve the right to refuse some forms of
ownership on any or all of our accounts. We make no representations as to the
appropriateness or effect of the ownership and beneficiary designations, except as they
determine to whom we pay the account funds.
These rules apply
Single-Party Account -
Such an account is owned by one party.
Joint Survivorship Account (Not As Tenants In Common) -
issued in the name of two or more persons. Each of you intend that upon your death the
balance in the account (subject to any previous pledge to which we have consented) will
belong to the survivor(s). If two or more of you survive, you will own the balance in the
account as joint tenants with survivorship and not as tenants in common.
Such an account is
Marital Account -
who claim to be husband and wife and is payable on request to either or both parties.
is an account established without the right of survivorship by two parties
Joint Account - No Survivorship (As Tenants In Common) -
a Marital Account or Joint Survivorship Account, owned by two or more parties and
payable on request to one of two or more parties. The parties do not intend (merely by
opening this account) to create any right of survivorship in any other party. We
encourage the parties to agree and tell us in writing of the percentage of the deposit
contributed by each of you. This information will not, however, affect the “number of
signatures” necessary for withdrawal.
is an account, other than
Single Account or Joint Survivorship Account with P.O.D. Beneficiaries -
beneficiaries acquire the right to withdraw only if: (1) all parties creating the
account die, and (2) the beneficiary is then living. If two or more beneficiaries are named
and survive the death of all persons creating the account, such beneficiaries will own this
account in equal shares, without right of survivorship. The person(s) creating this
account type reserve the right to: (1) change beneficiaries, (2) change account types,
and (3) withdraw all or part of the deposit at any time.
Pay-ondeath
Marital Account with P.O.D. Beneficiaries -
funds on deposit are owned by the survivor and 50% are owned by the P.O.D.
beneficiary(ies) named by the deceased party. If two or more beneficiaries are named by
a party and survive the death of the party, they shall equally share the 50% that they
own, without right of survivorship. The persons creating this account type reserve the
right to: (1) change beneficiaries, (2) change account types, and (3) withdraw all or part
of the deposit at any time.
Upon the death of either party, 50% of the
BUSINESS, ORGANIZATION AND ASSOCIATION ACCOUNTS -
of interest, dividends, or credits will be paid only on collected funds, unless otherwise
provided by law or our policy. We may require the governing body of the entity opening
the account to give us a separate authorization telling us who is authorized to act on its
behalf. We will honor the authorization until we actually receive written notice of a
change from the governing body of the entity.
Earnings in the form
STOP PAYMENTS -
law and we must receive it in time to give us a reasonable opportunity to act on it before
our stop-payment cutoff time. To be effective, your stop-payment order must precisely
identify the number, date and amount of the item, and the payee.
You may stop payment on any item drawn on your account whether you sign the item or
not, if you have an equal or greater right to withdraw from this account than the person
who signed the item. A release of the stop-payment request may be made only by the
person who initiated the stop-payment order.
Our stop-payment cutoff time is one hour after the opening of the next banking day after
the banking day on which we receive the item. Additional limitations on our obligation to
stop payment are provided by law (e.g., we paid the item in cash or we certified the item).
You must make any stop-payment order in the manner required by
TELEPHONE TRANSFERS -
account with us, if otherwise arranged for or permitted, may be made by the same
persons and under the same conditions generally applicable to withdrawals made in
writing. Unless a different limitation is disclosed in writing, we restrict the number of
transfers from a savings account to another account or to third parties, to a maximum of
six per month (less the number of “preauthorized transfers” during the month). Other
account transfer restrictions may be described elsewhere.
A telephone transfer of funds from this account to another
Terms and Conditions
Electronic Transfers
Funds Availability
Truth in Savings
KYLE CENTRAL CREDIT UNION
1201 MARQUETTE AVENUE
SOUTH MILWAUKEE, WISCONSIN 53172
Understanding
Your Account
• Preauthorized credits.
to be accepted into your share draft or share savings account(s).
You may make arrangements for certain direct deposits
• Preauthorized payments.
bills from your share draft or share savings account(s).
You may make arrangements to pay certain recurring
• Electronic check or draft conversion.
payee to make a one-time electronic payment from your checking or share draft
account using information from your check or draft to pay for purchases or pay bills.
You may authorize a merchant or other
• Electronic returned check or draft charge.
other payee to initiate an electronic funds transfer to collect a charge in the event
a check or draft is returned for insufficient funds.
Please also see
that apply to savings accounts.
You may authorize a merchant orLimitations on frequency of transfers section regarding limitations
ATM/Debit Transactions - types of transfers, dollar limitations, and charges -
may access your account(s) by an ATM or Point Of Sale (POS) Terminal using your
ATM/Debit Card and either your Personal Identification Number (PIN) or your signature,
to:
You
•
make deposits to Share Draft account (s) with an ATM/Debit Card
-
there is a charge of $1.00 per deposit
•
make deposits to Share Savings account (s) with an ATM/Debit Card
-
there is a charge of $1.00 per deposit
•
get cash withdrawals from Share Draft account (s) with an ATM/Debit Card
-
you may withdraw no more than $200.00 per day
-
there is a charge of $1.00 per withdrawal
•
get cash withdrawals from Share Savings account (s) with an ATM/Debit Card
-
you may withdraw no more than $200.00 per day
-
there is a charge of $1.00 per withdrawal
•
merchants from your Share Draft account(s)
make purchases at a Point Of Sale (POS) Terminal inside participating
-
there is a daily purchase limit of $1,000.00 or 8 transactions per day
-
the credit key
there is a signature required on transactions; you can access this option using
-
charge of $1.00 per transaction
Some of these services may not be available at all terminals.
Please also see
that apply to ATM transfers.
some merchants do not offer the credit option; in those instances there is aLimitations on Frequency of Transfers section regarding limitations
Types of Check Card Point-of-Sale Transactions -
account(s) to purchase goods (in person or by phone), pay for services (in person or by
phone), and get cash from a merchant, if the merchant permits, or from a participating
financial institution.
You may access your share draft
Point-of-Sale Transactions - dollar limitations -
Using your card:
•
of card issuance
Please also see
that apply to debit card transactions.
the amount you may withdraw in daily transactions will be disclosed at the timeLimitations on frequency of transfers section regarding limitations
Chargebacks.
or oral notice from you within three banking business days of the transaction, we shall
reverse the transaction and recredit your account. Notice must be provided to us at the
address or telephone number appearing in this disclosure.
For any point-of-sale transaction of $50.00 or more, if we receive written
Limitations on frequency of transfers.
elsewhere described, if any, the following limitations apply:
In addition to those limitations on transfers
•
make by ATM.
For security reasons, there are other limits on the number of transfers you can
•
make by debit card.
For security reasons, there are other limits on the number of transfers you can
FEES
•
We do not charge for direct deposits to any type of account.
•
Except as indicated elsewhere, we do not charge for these electronic fund
transfers.
We do not charge for preauthorized payments from any type of account.
ATM Operator/Network Fees.
charged a fee by the ATM operator or any network used (and you may be charged a fee
for a balance inquiry even if you do not complete a fund transfer).
When you use an ATM not owned by us, you may be
DOCUMENTATION
• Terminal transfers.
from your account using an automated teller machine or point-of-sale terminal.
However, you may not get a receipt if the amount of the transfer is $15 or less.
You can get a receipt at the time you make a transfer to or
• Preauthorized credits.
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.
If you have arranged to have direct deposits made to
• Preauthorized credits.
your account at least once every 60 days from the same person or company, you
can call us at (414) 764-4830 to find out whether or not the deposit has been
made.
If you have arranged to have direct deposits made to
AUTHORIZED AGENT -
account, has a present right, subject to request, to payment from the account on behalf
of all of the parties to the account.
An authorized agent is a person who by the terms of the
RESTRICTIVE LEGENDS -
you write unless we have agreed in writing to the restriction. Examples of restrictive
legends are “must be presented within 90 days” or “not valid for more than $1,000.00.”
We are not required to honor any restrictive legend on checks
STALE-DATED CHECKS -
other than a certified check, presented for payment more than six months after its date.
If you do not want us to pay a stale-dated check, you must place a stop-payment order
on the check in the manner we have described elsewhere.
We are not obligated to, but may at our option, pay a check,
PLEDGES -
pledge all or any part of the funds in it for any purpose to which we agree. Any pledge of
this account must first be satisfied before the rights of any surviving account owner or
account beneficiary become effective.
Unless we agree otherwise in writing, each owner of this account may
CHECK PROCESSING -
information encoded along the bottom of the items. This means that we may not
individually examine all of your items to determine if the item is properly completed,
signed and indorsed. You agree that we have not failed to exercise ordinary care solely
because we use an automated system to process items and do not inspect all items
processed in such a manner. We reserve the right not to inspect each item because
using an automated process helps us keep costs down for you and all account holders.
We may determine the amount of available funds in your account for the purpose of
deciding whether to return an item for insufficient funds at any time between the time we
receive the item and when we return the item or send a notice in lieu of return. We need
only make one determination, but if we choose to make a subsequent determination, the
account balance at the subsequent time will determine whether there are insufficient
available funds.
We may process items mechanically by relying on the
CHECK CASHING -
with us who is cashing a check, draft or other instrument written on your account. We
may also require reasonable identification to cash such a check, draft or other
instrument. We can decide what identification is reasonable under the circumstances
and such identification may be documentary or physical and may include collecting a
thumbprint or fingerprint.
We may charge a fee for anyone that does not have an account
ACH AND WIRE TRANSFERS -
Commercial Code - Fund Transfers as adopted in the state in which you have your
account with us. 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 do not
receive such payment, we are entitled to a refund from you in the amount credited to
your account and the party originating such payment will not be considered to have paid
the amount so credited. If we receive a payment order to credit an account you have
with us by wire or ACH, we are not required to give you any notice of the payment order
or credit.
This agreement is subject to Article 4A of the Uniform
FACSIMILE SIGNATURES -
checks, drafts, or other orders, for the payment of money, that are drawn on us
regardless of by whom or by what means the facsimile signature(s) may have been
affixed so long as they resemble the facsimile signature specimen filed with us, and
contain the required number of signatures for this purpose.
You authorize us, at any time, to charge you for all
—————————————
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.
Electronic Fund Transfers Initiated By Third Parties.
to initiate electronic fund transfers between your account and the third party’s account.
These transfers to make or receive payment may be one-time occurrences or may recur
as directed by you. These transfers may use the Automated Clearing House (ACH) or
other payments network. Your authorization to the third party to make these transfers
can occur in a number of ways. For example, your authorization to convert a check or
draft to an electronic fund transfer or to electronically pay a returned check or draft
charge can occur when a merchant provides you with notice and you go forward with
the transaction (typically, at the point of purchase, a merchant will post a sign and print
the notice on a receipt). In all cases, these third party transfers will require you to
provide the third party with your account number and credit union information. This
information can be found on your check or draft as well as on a deposit or withdrawal
slip. Thus, you should only provide your credit union and account information (whether
over the phone, the Internet, or via some other method) to trusted third parties whom
you have authorized to initiate these electronic fund transfers. Examples of these
transfers include, but are not limited to:
You may authorize a third party
AMENDMENTS AND TERMINATION -
agreement. Rules governing changes in rates are provided separately. For other
changes we will give you reasonable notice in writing or by any other method permitted
by law. We may close this account if your membership in the credit union terminates, or
by giving reasonable notice to you and tender of the account balance personally or by
mail. At our option, we may suspend your rights to member services if you violate the
terms of this agreement. You must keep us informed of your current address at all times.
Notice from us to any one of you is notice to all of you.
We may change our bylaws and any term of this
STATEMENTS - Your duty to report unauthorized signatures, alterations and
forgeries -
If you discover (or reasonably should have discovered) any unauthorized signatures or
alterations, you must promptly notify us of the relevant facts. As between you and us, if
you fail to do either of these duties, 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 not only with respect
to items on the statement but other items with unauthorized signatures or alterations by
the same wrongdoer.
You agree that the time you have to examine your statement and report to us will depend
on the circumstances, but will not, in any circumstance, exceed a total of 30 days from
when the statement is first sent or made available to you.
You further agree that if you fail to report any unauthorized signatures, alterations or
forgeries in your account within 60 days of when we first send or make the statement
available, you cannot assert a claim against us on any items in that statement, and as
between you and us 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.
You must examine your statement of account with “reasonable promptness.”
Your duty to report other errors -
unauthorized signatures, alterations and forgeries, you agree to examine your statement
with reasonable promptness for any other error - such as an encoding error. You agree
that the time you have to examine your statement and report to us will depend on the
circumstances. However, such time period shall not exceed 60 days. Failure to examine
your statement and report any such errors to us within 60 days of when we first send or
make the statement available precludes you from asserting a claim against us for any
such errors on items identified in that statement and as between you and us the loss will
be entirely yours.
In addition to your duty to review your statements for
Errors relating to electronic fund transfers or substitute checks -
errors relating to electronic fund transfers (e.g., computer, debit card or ATM
transactions) refer to your Electronic Fund Transfers disclosure and the sections on
consumer liability and error resolution. For information on errors relating to a substitute
check you received, refer to your disclosure entitled Substitute Checks and Your Rights.
For information on
ACCOUNT TRANSFER -
prior written consent.
This account may not be transferred or assigned without our
DIRECT DEPOSITS -
in an account which should have been returned to the Federal Government for any
reason, you authorize us to deduct the amount of our liability to the Federal Government
from the account or from any other account you have with us, without prior notice and at
any time, except as prohibited by law. We may also use any other legal remedy to recover
the amount of our liability.
If, in connection with a direct deposit plan, we deposit any amount
TEMPORARY ACCOUNT AGREEMENT -
account agreement. Each person who signs to open the account or has authority to
make withdrawals (except as indicated to the contrary) may transact business on this
account. However, we may at some time in the future restrict or prohibit further use of
this account if you fail to comply with the requirements we have imposed within a
reasonable time.
If this option is selected, this is a temporary
RIGHT TO REPAYMENT OF INDEBTEDNESS -
prior notice and when permitted by law) charge against and deduct from this account any
due and payable debt owed to us now or in the future, by any of you having the right of
withdrawal, to the extent of such persons’ or legal entity’s right to withdraw. If a joint or
P.O.D. account requires the signatures of all of the parties for purposes of withdrawal then
the account shall be subject to setoff to the extent of the net contributions of the debtor
party to the account. If the debt arises from a note, “any due and payable debt” includes
the total amount of which we are entitled to demand payment under the terms of the note
at the time we charge the account, including any balance the due date for which we
properly accelerate under the note.
In addition to these contract rights, we may also have rights under a “statutory lien.” A “lien”
on property is a creditor’s right to obtain ownership of the property in the event a debtor
defaults on a debt. A “statutory lien” is one created by federal or state statute. If federal or
state law provides us with a statutory lien, then we are authorized to apply, without prior
notice, your shares and dividends to any debt you owe us, in accord with the statutory lien.
Neither our contract rights nor rights under a statutory lien apply to this account if
prohibited by law. For example, neither our contract rights nor rights under a statutory
lien apply to this account if: (a) it is an Individual Retirement Account or similar taxdeferred
account, or (b) the debt is created by a consumer credit transaction under a
credit card plan (but this does not affect our rights under any consensual security
interest), or (c) the debtor’s right of withdrawal arises only in a representative capacity.
We will not be liable for the dishonor of any check or draft when the dishonor occurs
because we charge and deduct an amount you owe us from your account. You agree to
hold us harmless from any claim arising as a result of our exercise of our right to
repayment.
You each agree that we may (without
• Periodic statements.
You will get a monthly account statement from us for your share draft
accounts.
You will get a monthly account statement from us for your share
savings accounts, unless there are no transfers in a particular month. In
any case, you will get a statement at least quarterly.
PREAUTHORIZED PAYMENTS
• Right to stop payment and procedure for doing so.
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 3 business days or more
before the payment is scheduled to be made. If you call, we may also
require you to put your request in writing and get it to us within 14 days
after you call.
We will charge you $20.00 for each stop-payment order you give.
If you have told us
• Notice of varying amounts.
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.)
If these regular payments may vary in
• Liability for failure to stop payment of preauthorized transfer.
order us to stop one of these payments 3 business days or more before
the transfer is scheduled, and we do not do so, we will be liable for your
losses or damages.
If you
FINANCIAL INSTITUTION'S LIABILITY
Liability for failure to make transfers.
or from your account on time or in the correct amount according to our
agreement with you, we will be liable for your losses or damages. However, there
are some exceptions. We will not be liable, for instance:
(1) If, through no fault of ours, you do not have enough money in your
account to make the transfer.
(2) If you have an overdraft line and the transfer would go over the credit
limit.
(3) If the automated teller machine where you are making the transfer does
not have enough cash.
(4) If the 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.
(6) There may be other exceptions stated in our agreement with you.
If we do not complete a transfer to
CONFIDENTIALITY
We will disclose information to third parties about your account or the
transfers you make:
(1) where it is necessary for completing transfers; or
(2) in order to verify the existence and condition of your account for a third
party, such as a credit bureau or merchant; or
(3) in order to comply with government agency or court orders; or
(4) as explained in the separate Privacy Disclosure.
UNAUTHORIZED TRANSFERS
(a) Consumer Liability.
• Generally.
lost or stolen, or if you believe that an electronic fund transfer has been made
without your permission using information from your check or draft. Telephoning
is the best way of keeping your possible losses down. You can lose no more than
$50 if you fail to give us notice of a lost or stolen card and/or code. If you do give
us notice after learning of the loss or theft of your card and/or code, you will be
liable for the lesser of:
(1) $50 or
(2) the amount of any money, property, or services obtained by
unauthorized use of the card and/or code before you gave us notice.
Also, if your statement shows transfers that you did not make, including
those made by card, code or other means, 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 period.
Tell us AT ONCE if you believe your card and/or code has been
• Additional Limits on Liability for MasterCard®-branded Card, when used for
point-of-sale transactions.
using your MasterCard®-branded Card, when used for point-of-sale transactions,
if: (i) you can demonstrate that you have exercised reasonable care in
safeguarding your card from the risk of loss or theft, (ii) you have not reported to
us two or more incidents of unauthorized use within the prior twelve-month
period, and (iii) your account is in good standing. If any of these conditions are
not met, your liability is the lesser of $50 or the amount of money, property, labor,
or services obtained by the unauthorized use before notification to us.
“Unauthorized use” means the use of your debit card by a person, other than
you, who does not have actual, implied, or apparent authority for such use, and
from which you receive no benefit. This additional limitation on liability does not
apply to PIN-based transactions or transactions not processed by MasterCard.
You will not be liable for any unauthorized transactions
(b) Contact in event of unauthorized transfer.
and/or code has been lost or stolen, call or write us at the telephone number or
address listed in this brochure. You should also call the number or write to the
address listed in this brochure if you believe a transfer has been made using the
information from your check or draft without your permission.
If you believe your card
ERROR RESOLUTION NOTICE
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 (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.
(3) Tell us the dollar amount of the suspected 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 determine whether an error occurred within 10 business days (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 (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.
KYLE CENTRAL CREDIT UNION
MEMBER SERVICES
1201 MARQUETTE AVENUE
SOUTH MILWAUKEE, WISCONSIN 53172
Business Days: Monday through Friday
Excluding Federal Holidays
Phone: (414) 764-4830
MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST
—————————————
YOUR ABILITY TO WITHDRAW FUNDS
This policy statement applies to all accounts.
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 and for any other problems involving your deposit.
For determining the availability of your deposits, every day is a business day,
except Saturdays, Sundays, and federal holidays. If you make a deposit before
closing 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 after closing or on a day we
are not open, we will consider that the deposit was made on the next business
day we are open.
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.
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.
LONGER DELAYS MAY APPLY
Case-by-case delays.
deposit by check available to you on the first business day after the day of your deposit.
Depending on the type of check that you deposit, funds may not be available until the
fifth business day after the day of your deposit. The first $100 of your deposits, however,
may be available on the first business day.
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 will need the funds from a deposit right away, you should ask us when the
funds will be available.
In some cases, we will not make all of the funds that you
Safeguard exceptions.
a longer period under the following circumstances:
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 your account repeatedly in the last six months.
There is an emergency, such as failure of computer or communications equipment.
Your account has been opened for ninety days or less, and the deposit is a
nonlocal Wisconsin check.
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 eleventh business day after the day of your deposit.
In addition, funds you deposit by check may be delayed for
—————————————
TRUTH-IN-SAVINGS DISCLOSURE
SHARE ACCOUNT
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined
by the credit union board of directors.
Compounding and crediting -
will be credited to your account every quarter.
Dividends will be compounded every quarter. Dividends
Dividend period -
the beginning date of the first dividend period of the calendar year is January 1, and the
ending date of such dividend period is March 31. All other dividend periods follow this
same pattern of dates. The dividend declaration date is the last day of the dividend
period, and for the example above is March 31.
If you close your share account before dividends are paid, you will not receive the
accrued dividends.
For this account type, the dividend period is quarterly, for example,
Minimum balance requirements:
The minimum required to open this account is the purchase of a share in the credit
union. Please see the bylaw requirements in the Common Features section for
additional information.
You must maintain a minimum daily balance of $200.00 in your account each day to
obtain the disclosed annual percentage yield.
Daily balance computation method -
method which applies a daily periodic rate to the balance in the account each day.
Dividends are calculated by the daily balance
Accrual of dividends on noncash deposits -
business day you place noncash items (for example, checks) to your account.
Dividends will begin to accrue on the
Transaction limitations:
During any month, you may not make more than six withdrawals or transfers to another
credit union account of yours or to a third party by means of a preauthorized or
automatic transfer, telephonic order or instruction, or by check, draft, or similar order to
a third party. If you exceed the transfer limitations set forth above, your account will be
subject to closure by the credit union.
Par value of a share:
The par value of a share in this account is $25.00.
SHARE DRAFT ACCOUNT
Minimum balance requirements:
You must maintain a minimum daily balance of $500.00 in your account to avoid a low
balance fee. If, during any month, your account balance falls below the required
minimum daily balance, your account will be subject to a low balance fee of $4.00
($10.00 for commercial accounts) for that month. This fee will not apply to full-time
students or persons 65 years or older who have direct deposit of Social Security.
Transaction limitations:
No transaction limitations apply to this account unless otherwise stated in the Common
Features section.
INDIVIDUAL RETIREMENT ACCOUNT
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined
by the credit union board of directors.
Compounding and crediting -
will be credited to your account every quarter.
Dividends will be compounded every quarter. Dividends
Dividend period -
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. The dividend declaration date is the last day of the dividend
period, and for the example above is January 31.
If you close your share account before dividends are paid, you will not receive the
accrued dividends.
For this account type, the dividend period is quarterly, for example,
Minimum balance requirements:
No minimum balance requirements apply to this account.
Daily balance computation method -
method which applies a daily periodic rate to the balance in the account each day.
Dividends are calculated by the daily balance
Accrual of dividends on noncash deposits -
business day you place noncash items (for example, checks) to your account.
Dividends will begin to accrue on the
Transaction limitations:
You may not make any withdrawals or transfers to another credit union account of yours
or to a third party by means of a preauthorized or automatic transfer, telephonic order or
instruction, or similar order to a third party.
CHRISTMAS CLUB ACCOUNT
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined
by the credit union board of directors.
Compounding and crediting -
be credited to your account annually.
Dividends will be compounded annually. Dividends will
Dividend period -
beginning date of the first dividend period of the calendar year is November 1, and the
ending date of such dividend period is October 31 of the following year. All other
dividend periods follow this same pattern of dates. The dividend declaration date is the
last day of the dividend period, and for the example above is October 31.
If you close your share account before dividends are paid, you will not receive the
accrued dividends.
For this account type, the dividend period is annual, for example, the
Minimum balance requirements:
No minimum balance requirements apply to this account.
Daily balance computation method -
method which applies a daily periodic rate to the balance in the account each day.
Dividends are calculated by the daily balance
Accrual of dividends on noncash deposits -
business day you place noncash items (for example, checks) to your account.
Dividends will begin to accrue on the
Transaction limitations:
You may not make any withdrawals or transfers to another credit union account of yours
or to a third party by means of a preauthorized or automatic transfer, telephonic order or
instruction, or similar order to a third party.
Fees:
If any withdrawal is made before October 31, an early withdrawal fee of $3.00 will be
imposed.
VACATION CLUB ACCOUNT
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined
by the credit union board of directors.
Compounding and crediting -
will be credited to your account every quarter.
Dividends will be compounded every quarter. Dividends
Dividend period -
the beginning date of the first dividend period of the calendar year is January 1, and the
ending date of such dividend period is March 31. All other dividend periods follow this
same pattern of dates. The dividend declaration date is the last day of the dividend
period, and for the example above is March 31.
If you close your share account before dividends are paid, you will not receive the
accrued dividends.
For this account type, the dividend period is quarterly, for example,
Minimum balance requirements:
No minimum balance requirements apply to this account.
Daily balance computation method -
method which applies a daily periodic rate to the balance in the account each day.
Dividends are calculated by the daily balance
Accrual of dividends on noncash deposits -
business day you place noncash items (for example, checks) to your account.
Dividends will begin to accrue on the
Transaction limitations:
You may not make any withdrawals or transfers to another credit union account of yours
or to a third party by means of a preauthorized or automatic transfer, telephonic order or
instruction, or similar order to a third party.
———————————
Rate Information -
annual percentage yield of —————%. You will be paid this rate until first maturity.
TERM SHARE CERTIFICATEThe dividend rate on your term share account is ————% with an
Compounding frequency -
Dividends will be compounded h every quarter
h
at maturity.
Crediting frequency -
Dividends will be credited to your account every quarter.
Dividend period -
the beginning date of the first dividend period of the calendar year is January 1, and the
ending date of such dividend period is March 31. All other dividend periods follow this
same pattern of dates. The dividend declaration date is the last day of the dividend
period, and for the example above is March 31.
For this account type, the dividend period is quarterly, for example,
Effect of closing an account -
will not receive the accrued dividends.
If you close your account before dividends are paid, you
Minimum balance requirements:
The minimum balance required to open this account is $1,000.00.
You must maintain a minimum daily balance of $1,000.00 in your account each day to
obtain the disclosed annual percentage yield.
Daily balance computation method -
method which applies a daily periodic rate to the balance in the account each day.
Dividends are calculated by the daily balance
Accrual of dividends on noncash deposits -
business day you place noncash items (for example, checks) to your account.
Dividends will begin to accrue on the
Transaction limitations:
After the account is opened, you may not make additions into the account until the
maturity date stated on the account.
You may make withdrawals of principal from your account before maturity only if we
agree at the time you request the withdrawal. Principal withdrawn before maturity is
included in the amount subject to early withdrawal penalty.
You cannot withdraw dividends from your account before maturity.
Time requirements -
Your account will mature ——————————————————.
Early withdrawal penalties
The penalty we may impose will equal one months dividends on the amount
withdrawn subject to penalty.
In certain circumstances such as the death or incompetence of an owner of this account,
the law permits, or in some cases requires, the waiver of the early withdrawal penalty.
Other exceptions may also apply, for example, if this is part of an IRA or other taxdeferred
savings plan.
(a penalty may be imposed for withdrawals before maturity) -
Automatically renewable account -
You may prevent renewal if you withdraw the funds in the account at maturity (or within
the grace period mentioned below, if any) or we receive written notice from you within the
grace period mentioned below, if any. If you prevent renewal, your funds will be placed in
a dividend-bearing account.
Each renewal term will be the same as the original term, beginning on the maturity date.
Dividends will be calculated on the same basis as during the original term.
You will have a grace period of ten calendar days after maturity to withdraw the funds
without being charged an early withdrawal penalty.
This account will automatically renew at maturity.
COMMON FEATURES
Bylaw requirements:
If the balance in your Share account falls below $25.00, you may be terminated from
membership at the end of the dividend period.
Transaction limitation -
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.
We reserve the right to at any time require not less than seven
Nature of dividends -
after required transfers to reserves at the end of a dividend period. (This disclosure
further explains the dividend feature of your non-term share account(s).)
Dividends are paid from current income and available earnings,
National Credit Union Share Insurance Fund -
union are federally insured by the National Credit Union Share Insurance Fund.
Member accounts in this credit
The following fees may be assessed against your account and the following
transaction limitations, if any, apply to your account.
Replace lost ATM/Debit card....................................................................................$10.00
ATM cash withdrawal from Share or Share Draft account(s) .....................................$1.00
Dollar limit ..........................................................................................$200.00 per day
Deposit at ATM to Share or Share Draft account(s)...................................................$1.00
Automatic transfer of funds from a Share account to a
Share Draft account ...............................................................$3.00 in excess of three
Dollar limit...............................................................................$5.00 minimum transfer
Draft printing ......................................(fee depends on style and quantity of draft ordered)
An account is considered dormant if for one year no withdrawals or deposits, other than
credited dividends, have been made to the account.
The fee for a dormant account is $5.00 per month. This fee will be applied once during
the year.
The categories of transactions for which an overdraft fee may be imposed are those by
any of the following means: share draft, in-person withdrawal, ATM withdrawal, or other
electronic means.
Overdraft - each overdraft paid ................................................................................$30.00
Account activity printout .............................................................................................$3.00
Account balancing assistance....................................................................$25.00 per hour
Stop payments - each ..............................................................................................$20.00
Maximum...........................................................................................................$80.00
Wire transfer - outgoing............................................................................................$10.00
Photocopy............................................................................................................$.10 each
Faxes ..........................................................................................................$1.00 per page
Account closing within 90 days ................................................................................$10.00
Cashiers/certified checks...................................................................................$3.00 each
Return checks....................................................................................................$5.00 each
Coin counted.....................................................................................$1.00 if not deposited
Tax Levy - Garnishment ...........................................................................................$25.00
Copy of statement ......................................................................................................$3.00
©
1988, 1993, 1996 Wolters Kluwer Financial Services – Bankers Systems
Federally insured by NCUA
TERMS AND CONDITIONS
OF YOUR ACCOUNT
AGREEMENT -
pertaining to your account(s), is a contract that establishes rules which control your
account(s) with us. Please read this carefully. If you sign the signature card or open
or continue to use the account, you agree to these rules. You will receive a separate
schedule of rates, qualifying balances, and fees if they are not included in this
document. If you have any questions, please call us.
This agreement is subject to applicable federal laws and the laws of the state of
Wisconsin (except to the extent that this agreement can and does vary such rules or
laws). The body of state and federal law that governs our relationship with you,
however, is too large and complex to be reproduced here. The purpose of this
document is to:
(1) summarize some laws that apply to common transactions;
(2) establish rules to cover transactions or events which the law does not regulate;
(3) establish rules for certain transactions or events which the law regulates but
permits variation by agreement; and
(4) give you disclosures of some of our policies to which you may be entitled or in
which you may be interested.
If any provision of this document is found to be unenforceable according to its terms,
all remaining provisions will continue in full force and effect. We may permit some
variations from our standard agreement, but we must agree to any variation in writing
either on the signature card for your account or in some other document.
As used in this document 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 the funds in the account. The
headings in this document are for convenience or reference only and will not govern
the interpretation of the provisions. Unless it would be inconsistent to do so, words
and phrases used in this document should be construed so the singular includes the
plural and the plural includes the singular. “Party” means a person who, by the terms
of an account, has a present right, subject to request, to payment from the account
other than as an agent. A beneficiary of a P.O.D. account is a party only after the
account becomes payable to them by reason of their surviving the original payee. A
minor may be a party to an account, subject to withdrawal restrictions of Wisconsin
law. Unless the context indicates otherwise, “party” includes a guardian, conservator,
personal representative, or assignee, including an attaching creditor, of a party. |
